Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / mezzanine-promissory-note.docx
mezzanine-promissory-note.docx
Parties
Crestline Packaging Solutions LLC
Ironwood Capital Finance LLC
Crestline Coatings Inc
Dates
April 22, 2021
June 30, 2021
May 7, 2026
September 12, 2019
Amounts
$20,000,000.00
$400,000.00
$125,000.00
$20,125,000.00
$525,000.00
$2,100,000.00
$12,500,000
Obligations
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement
The unpaid principal balance of this Note outstanding from time to time shall bear interest at a fixed rate equal to ten and 50/100 percent (10
Such interest shall consist of the following two components: (a) Cash Pay Interest
00%) per annum (800 basis points) (the "Cash Interest Rate"), which shall be payable in cash on each Quarterly Payment Date (as defined below) in arrears in accordance with Section 1
50%) per annum (250 basis points) (the "PIK Interest Rate"), which, in lieu of being paid in cash, shall be capitalized and added to the outstanding principal balance of this Note on each Quarterly Payment Date in accordance with Section 1
Upon such capitalization, the PIK Interest so added shall be deemed principal for all purposes under this Note and the other Loan Documents and shall thereafter bear interest at the full rate of 10