Re: Holdback payment in May - URGENT (Canada - Waterloo & Oakville)
- From
- Steve Koyanagi <skoyanagi@thekey.com>
- To
- Laszlo Kovacs <laszlo.kovacs@thekey.com>
- CC
- Timothy Thomas <tt@thekey.com>, Nina Kani <nkani@thekey.com>, Paul Kahn <paul.kahn@thekey.com>, Geraldine Nath <geraldine.nath@thekey.com>, Rebecca Ng <rebecca.ng@thekey.com>, Treasury Team <treasury@thekey.com>
- Date
- Fri, 9 May 2025 11:26:13 -0700
- Folder
- INBOX
I did some more research and given the timing of when the 4K was incurred and length of time since acquisition, our options are limited so I recommend paying the entire holdback. On Tue, May 6, 2025 at 2:15 PM Steve Koyanagi <skoyanagi@thekey.com> wrote: > Let me evaluate our best options given the relatively small amount and > I'll circle back ASAP. > > On Tue, May 6, 2025 at 1:57 PM Laszlo Kovacs <laszlo.kovacs@thekey.com> > wrote: > >> So do we pay the $118K less the $4K in dispute? >> >> >> >> *From:* Timothy Thomas <tt@thekey.com> >> *Sent:* Tuesday, May 6, 2025 3:53 PM >> *To:* Steve Koyanagi <skoyanagi@thekey.com> >> *Cc:* Laszlo Kovacs <laszlo.kovacs@thekey.com>; Nina Kani < >> nkani@thekey.com>; Paul Kahn <paul.kahn@thekey.com>; Geraldine Nath < >> geraldine.nath@thekey.com>; Rebecca Ng <rebecca.ng@thekey.com>; Treasury >> Team <treasury@thekey.com> >> *Subject:* Re: Holdback payment in May - URGENT (Canada - Waterloo & >> Oakville) >> >> >> >> Hi Steve, >> >> >> >> The only thing is that dispute with the Regus office in Oakville, which >> was a part of their acquisition. They're trying to collect rough $4k. >> >> >> >> On Tue, May 6, 2025 at 12:54 PM Steve Koyanagi <skoyanagi@thekey.com> >> wrote: >> >> Good to pay on our end. For background, this is an indemnity holdback and >> the legal team is >> >> not aware of any legal claims against the Seller at this time that would >> allow us to not pay/pay less. >> >> >> >> @Timothy Thomas <tt@thekey.com> can you also confirm you're not aware of >> any outstanding legal issues against Seller? >> >> >> >> Thanks, all. >> >> >> >> On Tue, May 6, 2025 at 9:45 AM Laszlo Kovacs <laszlo.kovacs@thekey.com> >> wrote: >> >> Steve, >> >> >> >> Long thread below, but here’s the piece that clarifies what this is >> after. Are we good from your end to pay this? Thanks, >> >> >> >> *Hello Gerri, Kate, * >> >> >> >> *I hope all is well with you. I had a bounce back on this email to Kirk >> Hayes. Can you please guide me on who should I connect regarding a payment >> from The Key for 2024, as part of our holdback from 2022 acquisition of >> Home Care Assistance Waterloo and Home Care Assistance Oakville? The >> scheduled payments as per the Sale Purchase Agreement are in the month of >> May of 2023, 2024 and 2025.* >> >> >> >> *Thank you, kindly,* >> >> >> >> *Matt & Angie* >> >> *Direct: 647-992-0224* >> >> >> >> >> >> *From:* Madhu Vijayan <madhu.vijayan@outlook.com> >> *Sent:* Tuesday, May 6, 2025 9:51 AM >> *To:* Kate Goodrich <kate.goodrich@thekey.com>; Laszlo Kovacs < >> laszlo.kovacs@thekey.com>; geraldine.nath@thekey.com; Rebecca Ng < >> rebecca.ng@thekey.com>; Brian Fialko <brian.fialko@thekey.com> >> *Cc:* Anjana Kunnath <anj.kunnath@gmail.com>; Steve Koyanagi < >> skoyanagi@thekey.com>; Timothy Thomas <tt@thekey.com>; Trent Dillard < >> trenton.dillard@thekey.com>; Paul Kahn <paul.kahn@thekey.com> >> *Subject:* Re: Holdback payment in May - URGENT (Canada - Waterloo & >> Oakville) >> >> >> >> Hello all, >> >> >> >> I trust this message finds you well. I would like to kindly remind you >> that the final payment for May 2025 is due next week. Please do not >> hesitate to reach out if you have any questions or require further >> clarification. >> >> >> >> · >> >> · RBC Royal Bank institution number: 003 >> >> · RBC Royal Bank Routing/ABA number (if funds coming from >> U.S.): 021000021 >> >> · RBC Royal Bank SWIFT BIC (if funds coming from international >> location): ROYCCAT2 >> >> - >> >> >> >> Thank you, >> >> >> >> Matt Vijayan >> >> 647-992-0224 >> >> >> >> On May 14, 2024, at 11:13 AM, Kate Goodrich <kate.goodrich@thekey.com> >> wrote: >> >> >> >> Angie and Matt, >> >> >> >> The holdback payments for 2024 have been completed this morning using the >> payment instructions you provided. Please confirm receipt at your earliest >> convenience. >> >> >> >> <image.png> >> >> <image.png> >> >> >> >> Thank you, >> >> >> *Kate Goodrich* >> >> Manager, Financial Analysis & Reporting >> >> >> >> >> >> On Mon, May 13, 2024 at 5:18 PM Anjana Kunnath <anj.kunnath@gmail.com> >> wrote: >> >> Hello Kate, >> >> >> >> Thanks for the response. The holdback payments are split evenly between >> the two accounts. See attached banking information >> >> >> >> · >> >> · RBC Royal Bank institution number: 003 >> >> · RBC Royal Bank Routing/ABA number (if funds coming from >> U.S.): 021000021 >> >> · RBC Royal Bank SWIFT BIC (if funds coming from international >> location): ROYCCAT2 >> >> >> >> >> >> >> Regards, >> >> Angie Kunnath >> >> >> >> >> >> >> >> On Mon, May 13, 2024 at 12:21 PM Kate Goodrich <kate.goodrich@thekey.com> >> wrote: >> >> Hi Angie, >> >> >> >> Thank you for your patience, we have been working internally to get this >> resolved. The holdback payment will be sent this week - please provide >> updated payment instructions. >> >> >> >> Thank you, >> >> >> *Kate Goodrich* >> >> Manager, Financial Analysis & Reporting >> >> >> >> >> >> On Thu, May 2, 2024 at 10:13 AM Anjana Kunnath <anj.kunnath@gmail.com> >> wrote: >> >> Hello Gerri and Kate, >> >> >> >> Following up on the below email. It’s imperative we connect before the >> due date (May 15)of the holdback payment for 2024. If this does not fall >> under your purview, please redirect us to the treasurer of The Key. Our >> contact was Ethan Stein and then Kirk Hayes after Ethan’s departure. >> >> >> >> We have left voicemail in this regard and reached out to Steve Koyangi as >> well. Unfortunately, there has been no response from The Key. >> >> >> >> I cannot stress the urgency of this matter. We do not want to involve >> legal counsel unless required. >> >> >> >> Regards, >> >> Angie Kunnath >> >> 519 590 2792 >> >> >> >> >> >> >> >> On Mon, Apr 22, 2024 at 1:50 PM Madhu Vijayan <madhu.vijayan@outlook.com> >> wrote: >> >> Hello Gerri, Kate, >> >> >> >> I hope all is well with you. I had a bounce back on this email to Kirk >> Hayes. Can you please guide me on who should I connect regarding a payment >> from The Key for 2024, as part of our holdback from 2022 acquisition of >> Home Care Assistance Waterloo and Home Care Assistance Oakville? The >> scheduled payments as per the Sale Purchase Agreement are in the month of >> May of 2023, 2024 and 2025. >> >> >> >> Thank you, kindly, >> >> >> >> Matt & Angie >> >> Direct: 647-992-0224 >> >> >> >> Begin forwarded message: >> >> >> >> *From: *Madhu Vijayan <madhu.vijayan@outlook.com> >> >> *Subject: Holdback payment in May* >> >> *Date: *April 19, 2024 at 12:44:22 PM EDT >> >> *To: *Kirk Hayes <khayes@thekey.com> >> >> *Cc: *Angie Kunnath <anj.kunnath@gmail.com> >> >> >> >> Hello Kirk, >> >> I hope all is well with you. I was wondering when would the holdback >> payment from our 2022 transaction, be released in the month of May? >> >> Thank you, >> >> Matt Vijayan >> Angie Kunnath >> Previous owners of Home Care Assistance Waterloo & Oakville >> >> >> >> >> >>
Thread (3)
- RE: Holdback payment in May - URGENT (Canada - Waterloo & Oakville)Fri, 9 May 2025 13:28:08 -0500
Laszlo Kovacs
- Re: Holdback payment in May - URGENT (Canada - Waterloo & Oakville)Tue, 6 May 2025 14:15:11 -0700
Steve Koyanagi
- Re: Holdback payment in May - URGENT (Canada - Waterloo & Oakville)Tue, 6 May 2025 14:15:11 -0700
Steve Koyanagi