{"component": "clause", "props": {"groups": [{"samples": [{"hash": "7VwgAmKSXa2", "uri": "/contracts/7VwgAmKSXa2#acquisition-facility", "label": "Revolving Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [4, 21]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [31, 53]}, {"key": "advance-period", "type": "definition", "offset": [94, 108]}, {"key": "managed-care", "type": "clause", "offset": [130, 142]}, {"key": "facility-borrowers", "type": "definition", "offset": [220, 238]}, {"key": "sole-discretion", "type": "clause", "offset": [255, 270]}, {"key": "to-fund", "type": "definition", "offset": [378, 385]}, {"key": "the-acquisition", "type": "clause", "offset": [386, 401]}, {"key": "total-amount", "type": "definition", "offset": [498, 510]}, {"key": "all-advances", "type": "clause", "offset": [514, 526]}, {"key": "sum-of", "type": "clause", "offset": [592, 598]}, {"key": "at-the-time", "type": "clause", "offset": [615, 626]}, {"key": "request-for-an-advance", "type": "clause", "offset": [635, 657]}, {"key": "deliver-to", "type": "definition", "offset": [764, 774]}, {"key": "all-documents", "type": "definition", "offset": [789, 802]}, {"key": "relating-to", "type": "definition", "offset": [803, 814]}, {"key": "other-information", "type": "definition", "offset": [854, 871]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [907, 945]}, {"key": "available-to", "type": "definition", "offset": [1028, 1040]}, {"key": "each-advance", "type": "clause", "offset": [1099, 1111]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1182, 1201]}, {"key": "bank-a", "type": "definition", "offset": [1205, 1211]}, {"key": "promissory-note", "type": "clause", "offset": [1212, 1227]}, {"key": "form-and-substance", "type": "clause", "offset": [1244, 1262]}, {"key": "to-the-bank", "type": "clause", "offset": [1263, 1274]}, {"key": "facility-notes", "type": "definition", "offset": [1320, 1334]}, {"key": "floating-rate", "type": "definition", "offset": [1467, 1480]}, {"key": "available-at", "type": "definition", "offset": [1530, 1542]}, {"key": "adjusted-libor-rate", "type": "definition", "offset": [1547, 1566]}, {"key": "maturity-date", "type": "clause", "offset": [1572, 1585]}, {"key": "payment-of", "type": "definition", "offset": [1725, 1735]}, {"key": "equal-to", "type": "definition", "offset": [1757, 1765]}, {"key": "the-advance", "type": "clause", "offset": [1780, 1791]}, {"key": "divided-by", "type": "clause", "offset": [1792, 1802]}, {"key": "security-interest", "type": "clause", "offset": [1892, 1909]}, {"key": "assets-purchased", "type": "clause", "offset": [1917, 1933]}], "snippet": "(a) From time to time from the date of this Agreement up to and including June 30, 1997 (the \"Advance Period\"), USML and Delaware Managed Care (each, an \"Acquisition Facility Borrower\" and collectively, the \"Acquisition Facility Borrowers\") may, in NBD's sole discretion, obtain Loans from NBD, in such amounts as an Acquisition Facility Borrower may from time to time request, to fund the acquisition of businesses made since the date of this Agreement (the \"Acquisition Facility\"). The aggregate total amount of all Advances made under the Acquisition Facility may not exceed the principal sum of $3,000,000.\n(b) At the time of each request for an Advance by an Acquisition Facility Borrower under the Acquisition Facility, an Acquisition Facility Borrower must deliver to NBD copies of all documents relating to the acquisition of a business and such other information as NBD may request. Subject to the terms and conditions of this Agreement and in NBD's sole discretion, the proceeds of such requested Advance will be made available to such Acquisition Facility Borrower.\n(c) Simultaneous with each Advance under the Acquisition Facility, an Acquisition Facility Borrower must execute and deliver to Bank a promissory note satisfactory in form and substance to the Bank (such notes are referred to collectively as \"Facility Notes\" and individually as a \"Facility Note\"). Advances under the Acquisition Facility bear interest at the Adjusted Acquisition Facility Floating Rate. Advances under the Acquisition Facility are not available at the Adjusted Libor Rate. The maturity date for all Advances under the Acquisition Facility cannot exceed 5 years from the date of each such Advance and the minimum monthly principal payment of each Advance will be equal to the amount of the Advance divided by 60. Interest is payable monthly.\n(d) NBD must have a first-priority, properly-perfected, security interest in the assets purchased by an Acquisition Facility Borrower.", "size": 9, "hash": "31940c46d17b9be190c8a986df6b3593", "id": 1}, {"samples": [{"hash": "83y9GyvHCoh", "uri": "/contracts/83y9GyvHCoh#acquisition-facility", "label": "Credit Agreement (Global Partners LP)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [11, 35]}, {"key": "each-lender", "type": "clause", "offset": [54, 65]}, {"key": "agrees-to", "type": "clause", "offset": [76, 85]}, {"key": "the-borrowers", "type": "definition", "offset": [140, 153]}, {"key": "from-time-to-time", "type": "clause", "offset": [154, 171]}, {"key": "business-day", "type": "clause", "offset": [180, 192]}, {"key": "availability-period", "type": "definition", "offset": [204, 223]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [241, 261]}, {"key": "at-any-time", "type": "clause", "offset": [262, 273]}, {"key": "after-giving", "type": "clause", "offset": [362, 374]}, {"key": "total-acquisition-outstandings", "type": "definition", "offset": [431, 461]}, {"key": "total-acquisition-commitment", "type": "definition", "offset": [483, 511]}, {"key": "in-effect", "type": "definition", "offset": [515, 524]}, {"key": "aggregate-outstanding-amount", "type": "definition", "offset": [552, 580]}, {"key": "acquisition-loans", "type": "definition", "offset": [588, 605]}, {"key": "other-terms-and-conditions", "type": "definition", "offset": [753, 779]}, {"key": "section-24", "type": "clause", "offset": [851, 862]}, {"key": "base-rate-loans", "type": "clause", "offset": [927, 942]}, {"key": "cost-of-funds-rate", "type": "definition", "offset": [944, 962]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [972, 993]}, {"key": "loans-shall", "type": "definition", "offset": [1035, 1046]}, {"key": "requested-by", "type": "definition", "offset": [1055, 1067]}, {"key": "to-fund", "type": "definition", "offset": [1145, 1152]}, {"key": "permitted-acquisition", "type": "clause", "offset": [1177, 1198]}], "snippet": "Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, an \"Acquisition Loan\") to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender's Acquisition Commitment; provided, however, that after giving effect to any Borrowing of an Acquisition Loan, (i) the Total Acquisition Outstandings shall not exceed the Total Acquisition Commitment as in effect on such date, and (ii) the aggregate Outstanding Amount of the Acquisition Loans of any Lender shall not exceed such Lender's Acquisition Commitment. Within the limits of each Lender's Acquisition Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2(b), prepay under Section 2.4, and reborrow under this Section 2(b). Acquisition Loans may be Base Rate Loans, Cost of Funds Rate Loans or Eurodollar Rate Loans, as further provided herein. Acquisition Loans shall only be requested by the Borrowers, and the proceeds thereof shall only be used by the Borrowers, to fund all or any portion of a Permitted Acquisition.", "size": 3, "hash": "fe71aef1d5851e3c2100fde447608a3f", "id": 2}, {"samples": [{"hash": "dXlgNY8ZWx0", "uri": "/contracts/dXlgNY8ZWx0#acquisition-facility", "label": "Facilities Agreement (Texas Utilities Co /Tx/)", "score": 18.0, "published": true}, {"hash": "5KzfwynQcNO", "uri": "/contracts/5KzfwynQcNO#acquisition-facility", "label": "Facilities Agreement (Tu Acquisitions PLC)", "score": 18.0, "published": true}], "snippet_links": [{"key": "interim-advances", "type": "clause", "offset": [3, 19]}, {"key": "the-acquisition", "type": "clause", "offset": [51, 66]}], "snippet": "No Interim Advances shall be made unless and until the Acquisition Facility has been drawn down in full.", "size": 2, "hash": "04634a406c487a6699cfef0f716c546d", "id": 3}, {"samples": [{"hash": "hjeh6XGNcvg", "uri": "/contracts/hjeh6XGNcvg#acquisition-facility", "label": "Loan Agreement (Blonder Tongue Laboratories Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-bank-shall", "type": "clause", "offset": [0, 14]}, {"key": "to-the-borrower", "type": "clause", "offset": [30, 45]}, {"key": "commencing-on-the-closing-date", "type": "clause", "offset": [47, 77]}, {"key": "maximum-principal-amount", "type": "definition", "offset": [110, 134]}, {"key": "acquisition-loan-commitment", "type": "clause", "offset": [156, 183]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [192, 216]}], "snippet": "The Bank shall make available to the Borrower, commencing on the Closing Date, an Acquisition Facility in the maximum principal amount of $10,000,000 (the \"Acquisition Loan Commitment\"), upon the terms and conditions set forth herein.", "size": 2, "hash": "190b599e116b9862c44a70a82e9f2773", "id": 4}, {"samples": [{"hash": "kii9tkB7Ll2", "uri": "/contracts/kii9tkB7Ll2#acquisition-facility", "label": "Credit Agreement (Advanced Accessory Systems LLC)", "score": 18.0, "published": true}], "snippet_links": [{"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [9, 49]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [108, 130]}, {"key": "prior-to-december", "type": "clause", "offset": [135, 152]}, {"key": "each-lender", "type": "clause", "offset": [163, 174]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [212, 236]}, {"key": "in-this-agreement", "type": "clause", "offset": [247, 264]}, {"key": "revolving-loans", "type": "clause", "offset": [274, 289]}, {"key": "applicable-borrower", "type": "definition", "offset": [315, 334]}, {"key": "from-time-to-time", "type": "clause", "offset": [335, 352]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [359, 379]}, {"key": "acquisition-facility-commitment", "type": "definition", "offset": [394, 425]}, {"key": "acquisition-facility-loans", "type": "definition", "offset": [501, 527]}, {"key": "each-advance", "type": "clause", "offset": [531, 543]}, {"key": "consist-of", "type": "clause", "offset": [574, 584]}, {"key": "tranche-a", "type": "definition", "offset": [682, 691]}], "snippet": "Upon the satisfaction of the conditions precedent set forth in Sections 4.1 and 4.2, from and including the date of this Agreement and prior to December 31, 1999, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans, in Dollars only, to the applicable Borrower from time to time in an amount not to exceed such Lender's Acquisition Facility Commitment (each individually, an '\"ACQUISITION FACILITY LOAN\" and collectively, the \"ACQUISITION FACILITY LOANS\"). Each Advance under this Section 2.2A shall consist of Acquisition Facility Loans made by each Lender ratably in proportion to such Lender's respective Tranche A Pro", "size": 2, "hash": "bdcda6e118f0d5affa34b84a3eed3bbd", "id": 5}, {"samples": [{"hash": "i5gxVlX7efc", "uri": "/contracts/i5gxVlX7efc#acquisition-facility", "label": "Acquisition Credit Agreement (Costilla Energy Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [44, 56]}, {"key": "each-case", "type": "definition", "offset": [70, 79]}, {"key": "after-giving", "type": "clause", "offset": [98, 110]}, {"key": "pro-forma-effect", "type": "definition", "offset": [122, 138]}, {"key": "no-event", "type": "clause", "offset": [148, 156]}, {"key": "a-default", "type": "definition", "offset": [212, 221]}, {"key": "an-event-of-default", "type": "clause", "offset": [225, 244]}, {"key": "a-party", "type": "clause", "offset": [269, 276]}, {"key": "the-surviving-entity", "type": "clause", "offset": [309, 329]}], "snippet": "Borrower may merge into or consolidate with the Borrower, provided in each case that, immediately after giving effect and pro forma effect thereto, no event shall occur and be continuing which constitutes either a Default or an Event of Default, and if the Borrower is a party to such merger, the Borrower is the surviving entity.", "size": 1, "hash": "8ae95aea9ab2e7af29357c6b16c4de05", "id": 6}, {"samples": [{"hash": "2hYKMaierXW", "uri": "/contracts/2hYKMaierXW#acquisition-facility", "label": "Loan and Security Agreement (Thermatrix Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "terms-and-conditions-of", "type": "clause", "offset": [15, 38]}, {"key": "this-agreement", "type": "clause", "offset": [60, 74]}, {"key": "from-time-to-time", "type": "clause", "offset": [112, 129]}, {"key": "to-borrower", "type": "definition", "offset": [130, 141]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [148, 168]}, {"key": "aggregate-amount", "type": "definition", "offset": [287, 303]}, {"key": "revolving-maturity-date", "type": "definition", "offset": [363, 386]}, {"key": "to-bank", "type": "definition", "offset": [447, 454]}, {"key": "the-acquisition", "type": "clause", "offset": [478, 493]}, {"key": "advance-or-advances", "type": "clause", "offset": [508, 527]}, {"key": "borrower-will", "type": "clause", "offset": [544, 557]}, {"key": "in-compliance-with", "type": "definition", "offset": [561, 579]}], "snippet": "Subject to the terms and conditions of -------------------- this Agreement, Bank will make one or more Advances from time to time to Borrower in an amount not to exceed an aggregate of Two Million Five Hundred Thousand Dollars ($2,500,000). Borrower may request Advances hereunder in an aggregate amount not to exceed One Million Dollars ($1,000,000) through the Revolving Maturity Date, provided Borrower provides Bank with evidence satisfactory to Bank that, after completing the acquisition for which the Advance or Advances were requested, Borrower will be in compliance with Sections 6.8, 6.9, 6.10, 6.11 and 6.", "size": 1, "hash": "8a3350a382a78e77e4175a551019e926", "id": 7}, {"samples": [{"hash": "fVffr7Xe1Ic", "uri": "/contracts/fVffr7Xe1Ic#acquisition-facility", "label": "Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "event-of-default-under", "type": "definition", "offset": [21, 43]}, {"key": "the-acquisition", "type": "clause", "offset": [44, 59]}], "snippet": "The occurrence of an event of default under the Acquisition Facility.", "size": 1, "hash": "9f90b99d63d72cc2253802de0c01013b", "id": 8}, {"samples": [{"hash": "9iTrfzkXDPc", "uri": "/contracts/9iTrfzkXDPc#acquisition-facility", "label": "Loan and Security Agreement (Omni Rail Products Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [15, 53]}, {"key": "other-agreements", "type": "definition", "offset": [62, 78]}, {"key": "available-to", "type": "definition", "offset": [98, 110]}, {"key": "in-accordance-with", "type": "definition", "offset": [121, 139]}, {"key": "paragraph-4", "type": "clause", "offset": [145, 156]}, {"key": "loans-to", "type": "clause", "offset": [187, 195]}, {"key": "business-acquisitions", "type": "clause", "offset": [211, 232]}, {"key": "provided-that", "type": "clause", "offset": [247, 260]}, {"key": "aggregate-amount", "type": "definition", "offset": [265, 281]}, {"key": "at-any-time", "type": "clause", "offset": [310, 321]}, {"key": "principal-amounts", "type": "definition", "offset": [362, 379]}, {"key": "all-term-loans", "type": "clause", "offset": [383, 397]}, {"key": "the-acquisition", "type": "clause", "offset": [415, 430]}, {"key": "be-conditioned", "type": "clause", "offset": [475, 489]}, {"key": "due-diligence", "type": "clause", "offset": [495, 508]}, {"key": "field-examinations", "type": "definition", "offset": [513, 531]}, {"key": "and-documentation", "type": "clause", "offset": [610, 627]}, {"key": "the-proposed-acquisition", "type": "clause", "offset": [631, 655]}, {"key": "pro-forma-debt-service-coverage", "type": "clause", "offset": [828, 859]}, {"key": "after-giving", "type": "clause", "offset": [860, 872]}, {"key": "the-proposed-transaction", "type": "clause", "offset": [883, 907]}, {"key": "delivery-of", "type": "clause", "offset": [931, 942]}, {"key": "amendments-to-this-agreement", "type": "clause", "offset": [973, 1001]}, {"key": "other-documents", "type": "definition", "offset": [1010, 1025]}, {"key": "other-conditions", "type": "definition", "offset": [1059, 1075]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1197, 1215]}, {"key": "revolving-loans-and-term-loans", "type": "clause", "offset": [1223, 1253]}, {"key": "in-this-agreement", "type": "clause", "offset": [1267, 1284]}], "snippet": "Subject to the terms and conditions of this Agreement and the other Agreements, LaSalle will make available to Borrowers in accordance with this paragraph 4 additional revolving and term loans to finance future business acquisitions by Borrowers, provided that the aggregate amount of all such revolving loans at any time outstanding, together with the original principal amounts of all term loans, will not exceed the Acquisition Facility. Loans under this paragraph 4 will be conditioned upon due diligence and field examinations satisfactory to LaSalle; LaSalle's satisfaction with the terms and conditions and documentation of the proposed acquisition; LaSalle's satisfaction with the proposed collateral and all appraisals and examinations which LaSalle requires in relation thereto; LaSalle's satisfaction with Borrower's pro forma debt service coverage after giving effect to the proposed transaction; and the execution and delivery of all such documents, including amendments to this Agreement and the Other Documents, and the fulfillment of all such other conditions, as LaSalle may require. It is anticipated that Loans under this paragraph 4 will generally be structured and documented in the same manner as the Revolving Loans and Term Loans provided for in this Agreement, with such modifications as LaSalle considers appropriate under the circumstances.", "size": 1, "hash": "58cc7bd4c7c08209e2a53b29fa1e5e64", "id": 9}, {"samples": [{"hash": "2hYKMaierXW", "uri": "/contracts/2hYKMaierXW#acquisition-facility", "label": "Loan and Security Agreement (Thermatrix Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "revolving-advances", "type": "definition", "offset": [6, 24]}], "snippet": "7 2.2 Revolving Advances........................................ 7 2.3 Overadvances..............................................", "size": 1, "hash": "a52b82a804409c92edcd59e87bbb97e8", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1hY3F1aXNpdGlvbi1mYWNpbGl0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Acquisition Facility", "children": [["acquisition-loan-account-acquisition-notes", "Acquisition Loan Account: Acquisition Notes"], ["acquisition-loan-borrowing-requests", "Acquisition Loan Borrowing Requests"], ["maximum-amount-of-acquisition-credit", "Maximum Amount of Acquisition Credit"], ["acquisition-loan", "Acquisition Loan"], ["advances", "Advances"]], "parents": [["credit-facilities", "CREDIT FACILITIES"], ["credit-accommodations", "Credit Accommodations"], ["the-credits", "THE CREDITS"], ["letter-of-credit-amounts", "Letter of Credit Amounts"], ["commitments-for-loans", "Commitments for Loans"]], "size": 34, "id": "acquisition-facility", "related": [["interconnection-facility-options", "Interconnection Facility Options", "Interconnection Facility Options"], ["interconnection-facilities", "Interconnection Facilities", "Interconnection Facilities"], ["common-facilities", "Common Facilities", "Common Facilities"], ["purpose-of-interconnection-facilities", "Purpose of Interconnection Facilities", "Purpose of Interconnection Facilities"], ["additional-facilities", "Additional Facilities", "Additional Facilities"]], "related_snippets": [], "updated": "2025-07-07T12:37:50+00:00"}, "json": true, "cursor": ""}}