Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Birchtech Corp. terminated Satisfaction and Discharge of Secured Debt with AC Midwest Energy LLC (effective 2024-02-27).
- Action
- termination
- Counterparty
- AC Midwest Energy LLC
- Effective
- 2024-02-27
Exact text from the filing
As a result of the repayment of the remaining principal balance under the Secured Debt, the Company, MES and AC Midwest executed a Satisfaction and Discharge of Secured Debt confirming the cancellation of the Secured Note and that all of the obligations under the Restated Financing Agreement have been fully satisfied and discharged.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Birchtech Corp. entered into Unsecured Debt Restructuring Agreement with AC Midwest Energy LLC valued at $4,114,930.60 (effective 2024-02-27).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- AC Midwest Energy LLC
- Value
- $4,114,930.60
- Effective
- 2024-02-27
Exact text from the filing
On February 27, 2024, Midwest Energy Emissions Corp. (the “Company”), along with its wholly-owned subsidiary, MES, Inc. (“MES”), entered into an Unsecured Debt Restructuring Agreement (the “Debt Restructuring Agreement”) with AC Midwest Energy LLC (“AC Midwest”) which replaces and supersedes the Unsecured Note Financing Agreement and Reaffirmation of Guaranty entered into with AC Midwest on February 25, 2019, as amended on October 28, 2022 (the “Unsecured Note Financing Agreement”).
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