Item 1.01 Entry into a Material Definitive Agreement.
On
In connection with the closing, on
The Note bears interest at a rate of 5.21% per annum and matures on
The Loan Agreement contains customary closing conditions, representations and warranties, financial and other covenants and events of default for a loan of this type.
The loan is secured by a mortgage and first priority security interest in the
Property and its related assets pursuant to a mortgage, assignment of rents and
leases, security agreement and fixture filing that MHP Anderson entered into
with the Lender (the "Mortgage") and a security agreement and assignment of
rents that Gvest Anderson entered into with the Lender (the "Security
Agreement"). The loan is guaranteed by Gvest Anderson pursuant to a guaranty
that it entered into with the Lender (the "Guaranty") and by
The foregoing summary of the terms and conditions of the Purchase Agreement, the Assignment, the Loan Agreement, the Note, the Mortgage, the Security Agreement and the Guaranty does not purport to be complete and is qualified in its entirety by reference to the full text of the agreements attached hereto as Exhibits 10.1 to 10.3, which are incorporated herein by reference.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The information set forth under Item 1.01 is incorporated by reference into this Item 2.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 with respect to the Loan Agreement and the Note is incorporated by reference into this Item 2.01.
1
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired
The financial statements of business acquired will be filed by an amendment to
this Form 8-K within 71 calendar days of
(b) Pro forma financial information
Pro forma financial information will also be filed by an amendment to this Form
8-K within 71 calendar days of
(d) Exhibits
Exhibit No. Description of Exhibit
10.1 Purchase and Sale Agreement, datedFebruary 11, 2021 , between Gilmer andSons Mobile Homes Sales and Rentals, Inc. andMHP Pursuits LLC 10.2 Assignment of Purchase and Sale Agreement, datedJuly 16, 2021 , betweenMHP Pursuits LLC andAnderson MHP LLC 10.3 Loan Agreement, datedJuly 20, 2021 , betweenAnderson MHP LLC andVanderbilt Mortgage and Finance, Inc. 10.4 Promissory Note issued byAnderson MHP LLC toVanderbilt Mortgage and Finance, Inc. onJuly 20, 2021 10.5 Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing, datedJuly 16, 2021 , betweenAnderson MHP LLC andVanderbilt Mortgage and Finance, Inc. 10.6 Security Agreement and Assignment of Rents, datedJuly 20, 2021 , betweenGvest Anderson Homes LLC andVanderbilt Mortgage and Finance, Inc. 10.7 Guaranty, datedJuly 20, 2021 , betweenGvest Anderson Homes LLC andVanderbilt Mortgage and Finance, Inc. 2
© Edgar Online, source