{"component": "clause", "props": {"groups": [{"size": 12, "snippet_links": [{"key": "exercise-notice", "type": "definition", "offset": [34, 49]}, {"key": "receipt-of-a", "type": "clause", "offset": [60, 72]}, {"key": "rofr-notice", "type": "clause", "offset": [73, 84]}, {"key": "section-41", "type": "clause", "offset": [97, 108]}, {"key": "article-iii", "type": "definition", "offset": [128, 139]}, {"key": "the-acquisition", "type": "clause", "offset": [153, 168]}, {"key": "llc-interest", "type": "clause", "offset": [176, 188]}, {"key": "to-the-extent", "type": "clause", "offset": [400, 413]}, {"key": "acquisition-terms", "type": "clause", "offset": [440, 457]}, {"key": "the-purchase-price", "type": "clause", "offset": [487, 505]}, {"key": "value-of-units", "type": "clause", "offset": [528, 542]}, {"key": "market-value", "type": "definition", "offset": [558, 570]}, {"key": "defined-in-section", "type": "clause", "offset": [574, 592]}], "snippet": "If Kite Realty timely delivers an Exercise Notice following receipt of a ROFR Notice, subject to Section 4.1, the provisions of Article III shall govern the acquisition of the LLC Interest. If Kite Realty timely delivers an OP Notice following receipt of a ROFR Notice, subject to Section 4.1, the provisions of Article III (excluding Section 3.1(a)) shall govern the acquisition of the LLC Interest to the extent not inconsistent with the Acquisition Terms; it being understood that if the Purchase Price is paid in Units, the value of Units shall be their Market Value as defined in Section 3.1(b).", "samples": [{"hash": "guwLvgexKEJ", "uri": "/contracts/guwLvgexKEJ#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}, {"hash": "eG3rhPY5ZuA", "uri": "/contracts/eG3rhPY5ZuA#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}, {"hash": "b6wXfmwOm6U", "uri": "/contracts/b6wXfmwOm6U#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}], "hash": "993c360b0ff1aceb38e6eec7689c62b8", "id": 1}, {"size": 9, "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "llc-interest", "type": "clause", "offset": [71, 83]}, {"key": "the-exercise-notice", "type": "definition", "offset": [129, 148]}, {"key": "pursuant-to", "type": "definition", "offset": [233, 244]}, {"key": "section-52", "type": "clause", "offset": [250, 261]}, {"key": "article-iii", "type": "definition", "offset": [315, 326]}, {"key": "price-to-be-paid", "type": "clause", "offset": [392, 408]}, {"key": "member-interests", "type": "definition", "offset": [432, 448]}, {"key": "equal-to", "type": "definition", "offset": [458, 466]}, {"key": "the-acquisition-consideration", "type": "clause", "offset": [467, 496]}, {"key": "in-accordance-with", "type": "clause", "offset": [532, 550]}, {"key": "section-31", "type": "definition", "offset": [551, 562]}, {"key": "subject-to-the", "type": "definition", "offset": [564, 578]}, {"key": "each-member", "type": "definition", "offset": [615, 626]}, {"key": "to-receive", "type": "definition", "offset": [636, 646]}, {"key": "pro-rata-share", "type": "definition", "offset": [661, 675]}, {"key": "based-on", "type": "definition", "offset": [710, 718]}, {"key": "percentage-interest", "type": "definition", "offset": [733, 752]}, {"key": "exhibit-b", "type": "clause", "offset": [782, 791]}, {"key": "subject-to-section", "type": "clause", "offset": [799, 817]}, {"key": "date-of", "type": "clause", "offset": [882, 889]}, {"key": "days-after", "type": "definition", "offset": [947, 957]}, {"key": "day-of", "type": "clause", "offset": [967, 973]}, {"key": "following-the", "type": "definition", "offset": [996, 1009]}, {"key": "determination-of-the", "type": "clause", "offset": [1083, 1103]}, {"key": "the-property", "type": "clause", "offset": [1111, 1123]}, {"key": "at-the-time", "type": "definition", "offset": [1124, 1135]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [1182, 1207]}, {"key": "the-members", "type": "clause", "offset": [1236, 1247]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1280, 1299]}, {"key": "closing-documentation", "type": "clause", "offset": [1304, 1325]}, {"key": "exhibit-c", "type": "definition", "offset": [1339, 1348]}, {"key": "the-case", "type": "definition", "offset": [1519, 1527]}, {"key": "all-other-documents", "type": "clause", "offset": [1544, 1563]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1591, 1611]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1696, 1719]}], "snippet": "In the event that Kite Realty elects to accomplish the transfer of the LLC Interest through the Member Interest Acquisition: (i) the Exercise Notice shall specify that Kite Realty elects to effectuate the Member Interest Acquisition pursuant to this Section 5.2; (ii) subject to this Section 5.2, the provisions of Article III shall govern the Member Interest Acquisition; (iii) the purchase price to be paid by Kite Realty for the Member Interests shall be equal to the Acquisition Consideration for the LLC Interest as calculated in accordance with Section 3.1, subject to the adjustments in Section 5.2(b), with each Member entitled to receive such Member\u2019s pro rata share of such Acquisition Consideration based on such Member\u2019s percentage interest in Optionor (as set forth in Exhibit B); (iv) subject to Section 3.1(f), the Member Interests shall be conveyed, and the Closing Date of such acquisition shall occur, within the later of (a) 15 days after the last day of the month immediately following the month in which the Exercise Notice is delivered or (b) 45 days after the determination of the FMV of the Property at the time in accordance with Section 3.1; and (v) on or prior to the Closing Date, subject to Section 3.1(f), the Members, Optionor and Kite Realty shall execute and deliver the closing documentation described on Exhibit C hereto regarding the Member Interest Acquisition, and, thereafter, the Members, Optionor and Kite Realty shall additionally acknowledge, execute, deliver and/or file (as the case may be) any and all other documents, agreements or instruments reasonably necessary or appropriate to effectuate the Member Interest Acquisition in accordance with the terms of this Agreement.", "samples": [{"hash": "leA2gdGpZsK", "uri": "/contracts/leA2gdGpZsK#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}, {"hash": "guwLvgexKEJ", "uri": "/contracts/guwLvgexKEJ#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}, {"hash": "fOnDvq2E6q6", "uri": "/contracts/fOnDvq2E6q6#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}], "hash": "272b46757a648fef2c59d99de1a7cd9e", "id": 2}, {"size": 5, "snippet_links": [{"key": "in-writing", "type": "definition", "offset": [92, 102]}, {"key": "by-the-issuer", "type": "clause", "offset": [103, 116]}, {"key": "to-the-trustee", "type": "clause", "offset": [145, 159]}, {"key": "the-indenture", "type": "clause", "offset": [252, 265]}, {"key": "in-connection-with", "type": "clause", "offset": [266, 284]}, {"key": "the-financing", "type": "clause", "offset": [285, 298]}, {"key": "acquisition-of-eligible-loans", "type": "clause", "offset": [307, 336]}, {"key": "student-loan-purchase-agreements", "type": "clause", "offset": [394, 426]}, {"key": "on-behalf-of", "type": "clause", "offset": [447, 459]}, {"key": "each-lender", "type": "clause", "offset": [501, 512]}, {"key": "in-the-case", "type": "clause", "offset": [514, 525]}, {"key": "ffelp-loans", "type": "definition", "offset": [529, 540]}, {"key": "alternative-loans", "type": "definition", "offset": [566, 583]}, {"key": "transfer-to", "type": "definition", "offset": [585, 596]}, {"key": "the-promissory-notes", "type": "clause", "offset": [655, 675]}, {"key": "by-the-trustee", "type": "clause", "offset": [748, 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"transfer-agreements", "type": "clause", "offset": [1721, 1740]}, {"key": "goal-funding", "type": "definition", "offset": [1815, 1827]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [2230, 2252]}, {"key": "with-respect-to", "type": "clause", "offset": [2253, 2268]}, {"key": "purchase-of", "type": "clause", "offset": [2273, 2284]}, {"key": "date-of-purchase", "type": "definition", "offset": [2335, 2351]}, {"key": "the-applicable", "type": "clause", "offset": [2372, 2386]}, {"key": "reasonable-period", "type": "definition", "offset": [3208, 3225]}, {"key": "delivery-to-the", "type": "clause", "offset": [3232, 3247]}, {"key": "in-no-event", "type": "clause", "offset": [3262, 3273]}, {"key": "business-days", "type": "definition", "offset": [3289, 3302]}, {"key": "establish-and-maintain", "type": "clause", "offset": [3462, 3484]}, {"key": "all-records", "type": "clause", "offset": [3485, 3496]}, {"key": "complete-records", "type": "definition", "offset": [3571, 3587]}, {"key": "the-loan-documents", "type": "clause", "offset": [3713, 3731]}, {"key": "separate-location", "type": "definition", "offset": [3925, 3942]}, {"key": "in-the-course-of", "type": "definition", "offset": [3947, 3963]}, {"key": "the-records", "type": "clause", "offset": [3977, 3988]}, {"key": "attention-of", "type": "definition", "offset": [4125, 4137]}, {"key": "complete-file", "type": "definition", "offset": [4248, 4261]}, {"key": "due-diligence", "type": "clause", "offset": [4443, 4456]}, {"key": "servicing-and-collection", "type": "clause", "offset": [4539, 4563]}, {"key": "in-accordance-with", "type": "clause", "offset": [4573, 4591]}, {"key": "requirements-of-the", "type": "clause", "offset": [4596, 4615]}, {"key": "higher-education-act", "type": "clause", "offset": [4616, 4636]}, {"key": "guarantee-program", "type": "definition", "offset": [4642, 4659]}, {"key": "alternative-loan-program", "type": "definition", "offset": [4663, 4687]}, {"key": "period-of-time", "type": "clause", "offset": [4956, 4970]}, {"key": "trustee-shall", "type": "definition", "offset": [4978, 4991]}, {"key": "consent-to", "type": "clause", "offset": [4992, 5002]}, {"key": "to-provide", "type": "definition", "offset": [5084, 5094]}, {"key": "return-to", "type": "definition", "offset": [5328, 5337]}, {"key": "the-lenders", "type": "clause", "offset": [5338, 5349]}, {"key": "the-conditions", "type": "clause", "offset": [5479, 5493]}, {"key": "documents-and-information", "type": "clause", "offset": [5622, 5647]}, {"key": "related-to", "type": "definition", "offset": [5648, 5658]}, {"key": "a-course", "type": "clause", "offset": [5793, 5801]}, {"key": "to-ensure", "type": "clause", "offset": [6006, 6015]}, {"key": "transactions-with", "type": "clause", "offset": [6113, 6130]}, {"key": "prior-to-the", "type": "clause", "offset": [6160, 6172]}, {"key": "time-of-delivery", "type": "definition", "offset": [6182, 6198]}, {"key": "documents-required", "type": "clause", "offset": [6237, 6255]}, {"key": "all-information", "type": "clause", "offset": [6294, 6309]}, {"key": "necessary-for", "type": "definition", "offset": [6310, 6323]}, {"key": "servicing-system", "type": "clause", "offset": [6366, 6382]}, {"key": "basis-of", "type": "clause", "offset": [6449, 6457]}, {"key": "as-required-by", "type": "clause", "offset": [6535, 6549]}, {"key": "section-3", "type": "clause", "offset": [6550, 6559]}, {"key": "the-account", "type": "clause", "offset": [6655, 6666]}, {"key": "rule-of-78", "type": "definition", "offset": [6717, 6727]}, {"key": "to-sell", "type": "clause", "offset": [6953, 6960]}, {"key": "to-convert", "type": "clause", "offset": [6971, 6981]}, {"key": "repayment-schedule", "type": "clause", "offset": [6996, 7014]}, {"key": "each-loan", "type": "clause", "offset": [7156, 7165]}, {"key": "upon-request", "type": "clause", "offset": [7181, 7193]}, {"key": "the-financed-student-loans", "type": "clause", "offset": [7290, 7316]}, {"key": "notify-the", "type": "clause", "offset": [7467, 7477]}, {"key": "assignment-and-transfer", "type": "definition", "offset": [7564, 7587]}, {"key": "all-payments", "type": "clause", "offset": [7913, 7925]}, {"key": "the-rule", "type": "clause", "offset": [8089, 8097]}, {"key": "simple-interest-method", "type": "clause", "offset": [8129, 8151]}, {"key": "consent-of-the-borrower", "type": "clause", "offset": [8432, 8455]}, {"key": "additional-action", "type": "clause", "offset": [8474, 8491]}, {"key": "conversion-of", "type": "clause", "offset": [8524, 8537]}, {"key": "repayment-method", "type": "clause", "offset": [8538, 8554]}, {"key": "applicable-legal-requirements", "type": "definition", "offset": [8574, 8603]}, {"key": "borrower-notification", "type": "clause", "offset": [8610, 8631]}, {"key": "information-required", "type": "clause", "offset": [8650, 8670]}, {"key": "guarantee-agency", "type": "definition", "offset": [8742, 8758]}, {"key": "assignment-of", "type": "clause", "offset": [8811, 8824]}, {"key": "secretary-of-education", "type": "definition", "offset": [9002, 9024]}, {"key": "properly-completed", "type": "definition", "offset": [9092, 9110]}, {"key": "report-in", "type": "clause", "offset": [9125, 9134]}, {"key": "at-any-time", "type": "clause", "offset": [9231, 9242]}, {"key": "an-event", "type": "clause", "offset": [9260, 9268]}, {"key": "a-student", "type": "definition", "offset": [9312, 9321]}, {"key": "a-lender", "type": "definition", "offset": [9417, 9425]}, {"key": "an-eligible", "type": "clause", "offset": [9579, 9590]}, {"key": "to-allow-the", "type": "clause", "offset": [9853, 9865]}, {"key": "respective-rights", "type": "clause", "offset": [9906, 9923]}], "snippet": "The Issuer, the Trustee and the Servicer agree that:\na. Unless and until otherwise directed in writing by the Issuer, the Servicer shall provide to the Trustee all certificates and directions required to be delivered by the Issuer to the Trustee under the Indenture in connection with the Financing through acquisition of Eligible Loans and Student Loans thereunder.\n(1) Pursuant to the Issuer Student Loan Purchase Agreements, the Servicer will, on behalf of the Issuer and the Trustee, require that each Lender (in the case of FFELP Loans) or SLFC (in the case of Alternative Loans) transfer to the Servicer or the Servicer\u2019s bailee (or, in the case of the promissory notes relating to Alternative Loans, to the Trustee or a custodian designated by the Trustee or, to the extent not required under the Indenture to be transferred to the Trustee, to the Servicer or the Servicer\u2019s Bailee), on or before each applicable Loan Purchase Date, physical custody and possession of documentation and information relating to Student Loans scheduled to be sold to the Trustee on behalf of the Issuer on each such Loan Purchase Date. Such documentation and information so transferred will include (i) the documents described in Exhibit A (in the case of Issuer Student Loan Purchase Agreements relating to Alternative Loans) or Exhibit B (in the case of Issuer Student Loan Purchase Agreements relating to FFELP Loans) attached to the Issuer Student Loan Purchase Agreements (the \u201cLoan Documents\u201d), and (ii) such additional documentation or information relating to the Student Loans as the Servicer shall reasonably require for the purpose of allowing the Student Loans to be properly serviced by the Servicer.\n(2) Pursuant to the Transfer Agreements, the Servicer will, on behalf of the Issuer and the Trustee, require that GOAL Funding II transfer, or cause to be transferred, to the Servicer or the Servicer\u2019s bailee (or, in the case of the promissory notes relating to Alternative Loans, to the Trustee or a custodian designated by the Trustee or, to the extent not required under the Indenture to be transferred to the Trustee, to the Servicer or the Servicer\u2019s Bailee), on or before each applicable Loan Purchase Date (which term, as used in this Agreement with respect to the purchase of Financed GOAL Funding II Student Loans, means the date of purchase of such loans under the applicable Transfer Agreement), physical custody and possession of documentation and information relating to Student Loans scheduled to be sold to the Trustee on behalf of the Issuer on each such Loan Purchase Date. Such documentation and information so transferred will include (i) the documents described in Exhibit A (in the case of GOAL Funding II Student Loan Purchase Agreements relating to Alternative Loans) or Exhibit B (in the case of GOAL Funding II Student Loan Purchase Agreements relating to FFELP Loans) attached to the GOAL Funding II Student Loan Purchase Agreements (the \u201cLoan Documents\u201d), and (ii) such additional documentation or information relating to the Student Loans as the Servicer shall reasonably require for the purpose of allowing the Student Loans to be properly serviced by the Servicer.\nc. Within a reasonable period after delivery to the Servicer (but in no event longer than 10 Business Days unless otherwise expressly agreed) of the documentation and information relating to the Student Loans identified in Section 4(b) above, the Servicer shall (i) establish and maintain all records delivered to the Servicer with respect to each Financed Student Loan, and complete records of the Servicer\u2019s servicing of the Financed Student Loan from the date such servicing commenced, (ii) maintain possession of the loan documents described in Section 6(p) and (r) hereof that it receives as required hereunder, and (iii) image, microfilm or otherwise reproduce such documents and cause such reproductions to be stored at a separate location.\nd. In the course of establishing the records relating to each Financed Student Loan as described in Section 4(c) hereof, the Servicer shall make note of any item which comes to the attention of the Servicer during the establishment process (it being understood that the Servicer will not be conducting a complete file and note examination of each Student Loan to be Financed) which would make it appear that any Student Loan has not been properly originated, disbursed and documented or has not had due diligence exercised with respect thereto, in the origination, disbursement, administration, servicing and collection thereof, in accordance with the requirements of the Higher Education Act, the Guarantee Program or Alternative Loan Program, as appropriate, and the applicable Student Loan Purchase Agreement. The Servicer shall give Lenders (in the case of FFELP Loans) or SLFC (in the case of Alternative Loans), as appropriate, a reasonable opportunity (but in no event longer than 30 days or such greater period of time as the Trustee shall consent to in writing) to correct any exceptions or problems identified by the Servicer and to provide such documentation and information to the Servicer as shall be necessary to correct such exceptions or problems. Except as otherwise permitted under the Indenture, if such exceptions or problems are not corrected, the Servicer shall return to the Lenders (in the case of FFELP Loans) or SLFC (in the case of Alternative Loans), as appropriate, in accordance with procedures and under the conditions specified in the sections of the Student Loan Purchase Agreements relating to the rejection or repurchase of Student Loans, any documents and information related to Student Loans which have exceptions or problems resulting in such loans not being Eligible Loans.\ne. The Servicer shall (i) establish a course of communication with each Lender (in the case of FFELP Loans), SLFC (in the case of Alternative Loans) and the GOAL Funding II Servicer (in the case of Financed GOAL Funding II Student Loans) sufficient to ensure that the Servicer receives notice from each Lender, SLFC and the GOAL Funding II Servicer of all transactions with respect to each Student Loan prior to the required time of delivery by the Servicer to the Trustee of the documents required by Section 4(a) hereof, and (ii) load all information necessary for servicing Financed Student Loans into its servicing system so that servicing and collection of Financed Student Loans on the basis of \u201csimple interest\u201d can commence as of the Loan Purchase Date or purchase date as required by Section 3 hereof. If interest has been collected on any Student Loan to be purchased by the Trustee (for the account and on behalf of the Issuer) on the basis of the \u201crule of 78\u2019s,\u201d the Servicer shall cause the Lender (in the case of FFELP Loans), SLFC (in the case of Alternative Loans) or GOAL Funding II or the GOAL Funding II Servicer (in the case of Financed GOAL Funding II Student Loans) wishing to sell such loan to convert the remaining repayment schedule for each such Student Loan so that it may be collected on the basis of \u201csimple interest.\u201d\nf. The Issuer and the Trustee shall promptly after each Loan Purchase Date, upon request by the Servicer, provide to the Servicer any additional documentation or information related to the Financed Student Loans which either of them may have in their possession or may reasonably be able to obtain.\ng. The Servicer shall, promptly after each Loan Purchase Date, notify the Borrower under each Financed Student Loan purchased on such Loan Purchase Date of the assignment and transfer to the Trustee (for the account and on behalf of the Issuer) of the Lender\u2019s (in the case of FFELP Loans), SLFC\u2019s (in the case of Alternative Loans) or GOAL Funding II\u2019s (in the case of Financed GOAL Funding II Student Loans) interest in each such Financed Student Loan and shall direct each such Borrower thereafter to make all payments on such Financed Student Loan directly to the Servicer until otherwise notified by the Trustee. If a Financed Student Loan has been converted from repayment under the rule of 78\u2019s to repayment under the simple interest method, as required by Section 4(e) hereof, the Lender (in the case of FFELP Loans), SLFC (in the case of Alternative Loans) or GOAL Funding II or the GOAL Funding II Servicer (in the case of Financed GOAL Funding II Student Loans) shall notify the Borrower and shall obtain the written consent of the Borrower and take whatever additional action may be necessary to effect such conversion of repayment method in accordance with applicable legal requirements. Each Borrower notification shall include any information required to be included by the Higher Education Act and the requirements of the Guarantee Agency or Alternative Loan Program, as appropriate.\nh. The assignment of each Financed FFELP Loan to the Trustee (for the account and on behalf of the Issuer) shall be reported by the Servicer promptly after each applicable Loan Purchase Date to the Secretary of Education and/or the Guarantee Agency, as appropriate, and the Trustee, by a properly completed Loan Transfer Report in the form required by the Secretary of Education and/or the Guarantee Agency.\ni. If the Servicer at any time becomes aware of an event which would (i) allow the Issuer to reject a Student Loan under the applicable Student Loan Purchase Agreement, or (ii) allow the Issuer to require a Lender (in the case of FFELP Loans) or SLFC (in the case of Alternative Loans) to repurchase a Financed Eligible Loan or Financed Student Loan or to substitute an Eligible Loan under the applicable Student Loan Purchase Agreement, then the Servicer shall so notify the Issuer. If the Servicer or the Issuer determine that such a Student Loan should be rejected or repurchased, the Trustee shall take such action as shall be necessary to allow the Issuer and the Trustee to enforce their respective rights under the applicable Student Loan Purchase Agreement.", "samples": [{"hash": "c52WE4dAhED", "uri": "/contracts/c52WE4dAhED#acquisition-process", "label": "Servicing and Administration Agreement (Education Loans Inc /De)", "score": 19.0, "published": true}], "hash": "65b91e92b32b2b0cb72db29a60c241f3", "id": 3}, {"size": 2, "snippet_links": [{"key": "in-writing", "type": "definition", "offset": [92, 102]}, {"key": "by-the-issuer", "type": "clause", "offset": [103, 116]}, {"key": "to-the-trustee", "type": "clause", "offset": [145, 159]}, {"key": "the-indenture", "type": "clause", "offset": [252, 265]}, {"key": "in-connection-with", "type": "clause", "offset": [266, 284]}, {"key": "the-financing", "type": "clause", "offset": [285, 298]}, {"key": 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{"key": "reasonable-period", "type": "definition", "offset": [1192, 1209]}, {"key": "delivery-to-the", "type": "clause", "offset": [1216, 1231]}, {"key": "in-no-event", "type": "clause", "offset": [1246, 1257]}, {"key": "business-days", "type": "definition", "offset": [1273, 1286]}, {"key": "establish-and-maintain", "type": "clause", "offset": [1446, 1468]}, {"key": "all-records", "type": "clause", "offset": [1469, 1480]}, {"key": "with-respect-to", "type": "clause", "offset": [1507, 1522]}, {"key": "complete-records", "type": "definition", "offset": [1555, 1571]}, {"key": "the-loan-documents", "type": "clause", "offset": [1697, 1715]}, {"key": "separate-location", "type": "definition", "offset": [1909, 1926]}, {"key": "in-the-course-of", "type": "definition", "offset": [1931, 1947]}, {"key": "the-records", "type": "clause", "offset": [1961, 1972]}, {"key": "attention-of", "type": "definition", "offset": [2109, 2121]}, {"key": "complete-file", "type": "definition", "offset": [2232, 2245]}, {"key": "due-diligence", "type": "clause", "offset": [2427, 2440]}, {"key": "servicing-and-collection", "type": "clause", "offset": [2523, 2547]}, {"key": "in-accordance-with", "type": "clause", "offset": [2557, 2575]}, {"key": "requirements-of-the", "type": "clause", "offset": [2580, 2599]}, {"key": "higher-education-act", "type": "clause", "offset": [2600, 2620]}, {"key": "guarantee-program", "type": "definition", "offset": [2626, 2643]}, {"key": "the-applicable", "type": "clause", "offset": [2648, 2662]}, {"key": "to-provide", "type": "definition", "offset": [2822, 2832]}, {"key": "return-to", "type": "definition", "offset": [3066, 3075]}, {"key": "the-lenders", "type": "clause", "offset": [3076, 3087]}, {"key": "the-conditions", "type": "clause", "offset": [3129, 3143]}, {"key": "documents-and-information", "type": "clause", "offset": [3272, 3297]}, {"key": "related-to", "type": "definition", "offset": [3298, 3308]}, {"key": "a-course", "type": "clause", "offset": [3443, 3451]}, {"key": "to-ensure", "type": "clause", "offset": [3497, 3506]}, {"key": "transactions-with", "type": "clause", "offset": [3565, 3582]}, {"key": "prior-to-the", "type": "clause", "offset": [3612, 3624]}, {"key": "time-of-delivery", "type": "definition", "offset": [3634, 3650]}, {"key": "documents-required", "type": "clause", "offset": [3689, 3707]}, {"key": "all-information", "type": "clause", "offset": [3746, 3761]}, {"key": "necessary-for", "type": "definition", "offset": [3762, 3775]}, {"key": "servicing-system", "type": "clause", "offset": [3818, 3834]}, {"key": "basis-of", "type": "clause", "offset": [3901, 3909]}, {"key": "as-required-by", "type": "clause", "offset": [3970, 3984]}, {"key": "section-3", "type": "clause", "offset": [3985, 3994]}, {"key": "by-the-trustee", "type": "clause", "offset": [4070, 4084]}, {"key": "the-account", "type": "clause", "offset": [4090, 4101]}, {"key": "rule-of-78", "type": "definition", "offset": [4152, 4162]}, {"key": "to-sell", "type": "clause", "offset": [4211, 4218]}, {"key": "to-convert", "type": "clause", "offset": [4229, 4239]}, {"key": "repayment-schedule", "type": "clause", "offset": [4254, 4272]}, {"key": "trustee-shall", "type": "definition", "offset": [4385, 4398]}, {"key": "each-loan", "type": "clause", "offset": [4414, 4423]}, {"key": "upon-request", "type": "clause", "offset": [4439, 4451]}, {"key": "the-financed-student-loans", "type": "clause", "offset": [4548, 4574]}, {"key": "notify-the", "type": "clause", "offset": [4725, 4735]}, {"key": "date-of", "type": "clause", "offset": [4810, 4817]}, {"key": "assignment-and-transfer", "type": "definition", "offset": [4822, 4845]}, {"key": "all-payments", "type": "clause", "offset": [5022, 5034]}, {"key": "the-rule", "type": "clause", "offset": [5198, 5206]}, {"key": "simple-interest-method", "type": "clause", "offset": [5238, 5260]}, {"key": "consent-of-the-borrower", "type": "clause", "offset": [5364, 5387]}, {"key": "additional-action", "type": "clause", "offset": [5406, 5423]}, {"key": "conversion-of", "type": "clause", "offset": [5456, 5469]}, {"key": "repayment-method", "type": "clause", "offset": [5470, 5486]}, {"key": "applicable-legal-requirements", "type": "definition", "offset": [5506, 5535]}, {"key": "borrower-notification", "type": "clause", "offset": [5542, 5563]}, {"key": "information-required", "type": "clause", "offset": [5582, 5602]}, {"key": "guarantee-agency", "type": "definition", "offset": [5674, 5690]}, {"key": "assignment-of", "type": "clause", "offset": [5699, 5712]}, {"key": "secretary-of-education", "type": "definition", "offset": [5892, 5914]}, {"key": "properly-completed", "type": "definition", "offset": [5982, 6000]}, {"key": "report-in", "type": "clause", "offset": [6015, 6024]}, {"key": "at-any-time", "type": "clause", "offset": [6121, 6132]}, {"key": "an-event", "type": "clause", "offset": [6150, 6158]}, {"key": "a-student", "type": "definition", "offset": [6202, 6211]}, {"key": "a-lender", "type": "definition", "offset": [6307, 6315]}, {"key": "an-eligible", "type": "clause", "offset": [6397, 6408]}, {"key": "to-allow-the", "type": "clause", "offset": [6671, 6683]}, {"key": "respective-rights", "type": "clause", "offset": [6724, 6741]}], "snippet": "The Issuer, the Trustee and the Servicer agree that:\na. Unless and until otherwise directed in writing by the Issuer, the Servicer shall provide to the Trustee all certificates and directions required to be delivered by the Issuer to the Trustee under the Indenture in connection with the Financing through acquisition of Eligible Loans and Student Loans thereunder.\nb. Pursuant to the Student Loan Purchase Agreements, the Servicer will, on behalf of the Issuer and the Trustee, require that each Lender transfer to the Servicer (or the Servicer's bailee), on or before each applicable Loan Purchase Date, physical custody and possession of documentation and information relating to Student Loans scheduled to be sold to the Trustee on behalf of the Issuer on each such Loan Purchase Date. Such documentation and information so transferred will include (i) the documents described in Exhibit B attached to the Student Loan Purchase Agreements (the \"Loan Documents\"), and (ii) such additional documentation or information relating to the Student Loans as the Servicer shall reasonably require for the purpose of allowing the Student Loans to be properly serviced by the Servicer.\nc. Within a reasonable period after delivery to the Servicer (but in no event longer than 10 Business Days unless otherwise expressly agreed) of the documentation and information relating to the Student Loans identified in Section 4(b) above, the Servicer shall (i) establish and maintain all records delivered to the Servicer with respect to each Financed Student Loan, and complete records of the Servicer's servicing of the Financed Student Loan from the date such servicing commenced, (ii) maintain possession of the loan documents described in Section 6(p) and (r) hereof that it receives as required hereunder, and (iii) image, microfilm or otherwise reproduce such documents and cause such reproductions to be stored at a separate location.\nd. In the course of establishing the records relating to each Financed Student Loan as described in Section 4(c) hereof, the Servicer shall make note of any item which comes to the attention of the Servicer during the establishment process (it being understood that the Servicer will not be conducting a complete file and note examination of each Student Loan to be Financed) which would make it appear that any Student Loan has not been properly originated, disbursed and documented or has not had due diligence exercised with respect thereto, in the origination, disbursement, administration, servicing and collection thereof, in accordance with the requirements of the Higher Education Act, the Guarantee Program and the applicable Student Loan Purchase Agreement. The Servicer shall give Lenders a reasonable opportunity to correct any exceptions or problems identified by the Servicer and to provide such documentation and information to the Servicer as shall be necessary to correct such exceptions or problems. Except as otherwise permitted under the Indenture, if such exceptions or problems are not corrected, the Servicer shall return to the Lenders, in accordance with procedures and under the conditions specified in the sections of the Student Loan Purchase Agreements relating to the rejection or repurchase of Student Loans, any documents and information related to Student Loans which have exceptions or problems resulting in such loans not being Eligible Loans.\ne. The Servicer shall (i) establish a course of communication with each Lender sufficient to ensure that the Servicer receives notice from each Lender of all transactions with respect to each Student Loan prior to the required time of delivery by the Servicer to the Trustee of the documents required by Section 4(a) hereof, and (ii) load all information necessary for servicing Financed Student Loans into its servicing system so that servicing and collection of Financed Student Loans on the basis of \"simple interest\" can commence as of the Loan Purchase Date as required by Section 3 hereof. If interest has been collected on any Student Loan to be purchased by the Trustee (for the account and on behalf of the Issuer) on the basis of the \"rule of 78's\", the Servicer shall cause the Lender wishing to sell such loan to convert the remaining repayment schedule for each such Student Loan so that it may be collected on the basis of \"simple interest\".\nf. The Issuer and the Trustee shall promptly after each Loan Purchase Date, upon request by the Servicer, provide to the Servicer any additional documentation or information related to the Financed Student Loans which either of them may have in their possession or may reasonably be able to obtain.\ng. The Servicer shall, promptly after each Loan Purchase Date, notify the Borrower under each Financed Student Loan purchased on such Loan Purchase Date of the assignment and transfer to the Trustee (for the account and on behalf of the Issuer) of the Lender's interest in each such Financed Student Loan and shall direct each such Borrower thereafter to make all payments on such Financed Student Loan directly to the Servicer until otherwise notified by the Trustee. If a Financed Student Loan has been converted from repayment under the rule of 78's to repayment under the simple interest method, as required by Section 4(e) hereof, the Lender shall notify the Borrower and shall obtain the written consent of the Borrower and take whatever additional action may be necessary to effect such conversion of repayment method in accordance with applicable legal requirements. Each Borrower notification shall include all information required to be included by the Higher Education Act and the requirements of the Guarantee Agency.\nh. The assignment of each Financed Student Loan to the Trustee (for the account and on behalf of the Issuer) shall be reported by the Servicer promptly after each applicable Loan Purchase Date to the Secretary of Education and/or the Guarantee Agency, as appropriate, and the Trustee, by a properly completed Loan Transfer Report in the form required by the Secretary of Education and/or the Guarantee Agency.\ni. If the Servicer at any time becomes aware of an event which would (i) allow the Issuer to reject a Student Loan under the applicable Student Loan Purchase Agreement, or (ii) allow the Issuer to require a Lender to repurchase a Financed Eligible Loan or Financed Student Loan or to substitute an Eligible Loan under the applicable Student Loan Purchase Agreement, then the Servicer shall so notify the Issuer. If the Servicer or the Issuer determine that such a Student Loan should be rejected or repurchased, the Trustee shall take such action as shall be necessary to allow the Issuer and the Trustee to enforce their respective rights under the applicable Student Loan Purchase Agreement.", "samples": [{"hash": "eTS5MVnmwAL", "uri": "/contracts/eTS5MVnmwAL#acquisition-process", "label": "Servicing Agreement (Education Loans Inc /De)", "score": 16.0, "published": true}, {"hash": "cxpzFNYFUZw", "uri": "/contracts/cxpzFNYFUZw#acquisition-process", "label": "Servicing Agreement (Education Loans Inc /De)", "score": 16.0, "published": true}], "hash": "57ffedd4de2adf481f015a0c3640e5f8", "id": 4}, {"size": 2, "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "transfer-of-the-property", "type": "definition", "offset": [55, 79]}, {"key": "the-exercise-notice", "type": "definition", "offset": [118, 137]}, {"key": "pursuant-to", "type": "definition", "offset": [215, 226]}, {"key": "section-53", "type": "clause", "offset": [232, 243]}, {"key": "article-iii", "type": "definition", "offset": [297, 308]}, {"key": "price-to-be-paid", "type": "clause", "offset": [367, 383]}, {"key": "the-interests", "type": "clause", "offset": [403, 416]}, {"key": "equal-to", "type": "definition", "offset": [426, 434]}, {"key": "the-acquisition-consideration", "type": "clause", "offset": [435, 464]}, {"key": "in-accordance-with", "type": "clause", "offset": [496, 514]}, {"key": "section-31", "type": "definition", "offset": [515, 526]}, {"key": "each-member", "type": "definition", "offset": [533, 544]}, {"key": "to-receive", "type": "definition", "offset": [554, 564]}, {"key": "pro-rata-share", "type": "definition", "offset": [579, 593]}, {"key": "based-on", "type": "definition", "offset": [628, 636]}, {"key": "percentage-interest", "type": "definition", "offset": [651, 670]}, {"key": "exhibit-b", "type": "clause", "offset": [700, 709]}, {"key": "subject-to-section", "type": "clause", "offset": [717, 735]}, {"key": "date-of", "type": "clause", "offset": [793, 800]}, {"key": "days-after", "type": "definition", "offset": [858, 868]}, {"key": "day-of", "type": "clause", "offset": [878, 884]}, {"key": "following-the", "type": "definition", "offset": [907, 920]}, {"key": "determination-of-the", "type": "clause", "offset": [994, 1014]}, {"key": "a-portion", "type": "definition", "offset": [1039, 1048]}, {"key": "at-the-time", "type": "definition", "offset": [1065, 1076]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [1123, 1148]}, {"key": "the-members", "type": "clause", "offset": [1177, 1188]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1211, 1230]}, {"key": "closing-documentation", "type": "clause", "offset": [1235, 1256]}, {"key": "exhibit-d", "type": "clause", "offset": [1270, 1279]}, {"key": "the-case", "type": "definition", "offset": [1433, 1441]}, {"key": "all-other-documents", "type": "clause", "offset": [1458, 1477]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1505, 1525]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1603, 1626]}], "snippet": "In the event that Kite Realty elects to accomplish the transfer of the Property through the Interest Acquisition: (i) the Exercise Notice shall specify that Kite Realty elects to effectuate the Interest Acquisition pursuant to this Section 5.3; (ii) subject to this Section 5.3, the provisions of Article III shall govern the Interest Acquisition; (iii) the purchase price to be paid by Kite Realty for the Interests shall be equal to the Acquisition Consideration for the Property as calculated in accordance with Section 3.1, with each Member entitled to receive such Member\u2019s pro rata share of such Acquisition Consideration based on such Member\u2019s percentage interest in Optionor (as set forth in Exhibit B); (iv) subject to Section 3.1(f), the Interests shall be conveyed, and the Closing Date of such acquisition shall occur, within the later of (a) 15 days after the last day of the month immediately following the month in which the Exercise Notice is delivered or (b) 45 days after the determination of the FMV of the Property (or a Portion, as applicable) at the time in accordance with Section 3.1; and (v) on or prior to the Closing Date, subject to Section 3.1(f), the Members and Kite Realty shall execute and deliver the closing documentation described on Exhibit D hereto regarding the Interest Acquisition, and, thereafter, the Members and Kite Realty shall additionally acknowledge, execute, deliver and/or file (as the case may be) any and all other documents, agreements or instruments reasonably necessary or appropriate to effectuate the Interest Acquisition in accordance with the terms of this Agreement.", "samples": [{"hash": "gdUdCuLqD7p", "uri": "/contracts/gdUdCuLqD7p#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}, {"hash": "aNW2iB852T2", "uri": "/contracts/aNW2iB852T2#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}], "hash": "98910b01b85d68b2b698744af2c09eae", "id": 5}, {"size": 2, "snippet_links": [{"key": "services-include", "type": "clause", "offset": [12, 28]}, {"key": "the-property", "type": "clause", "offset": [47, 59]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [66, 84]}, {"key": "real-property-interest", "type": "clause", "offset": [121, 143]}, {"key": "services-to-be-provided", "type": "clause", "offset": [145, 168]}, {"key": "offer-letter", "type": "definition", "offset": [192, 204]}, {"key": "other-related-documents", "type": "definition", "offset": [209, 232]}, {"key": "review-appraiser", "type": "definition", "offset": [248, 264]}, {"key": "fair-market-value", "type": "definition", "offset": [276, 293]}, {"key": "conveyance-documents", "type": "clause", "offset": [328, 348]}, {"key": "property-owners", "type": "definition", "offset": [362, 377]}, {"key": "to-discuss", "type": "definition", "offset": [378, 388]}, {"key": "the-project", "type": "definition", "offset": [389, 400]}, {"key": "in-general", "type": "definition", "offset": [401, 411]}, {"key": "right-of-way", "type": "clause", "offset": [420, 432]}, {"key": "legal-descriptions", "type": "clause", "offset": [442, 460]}, {"key": "the-official", "type": "clause", "offset": [515, 527]}, {"key": "written-offer", "type": "definition", "offset": [534, 547]}, {"key": "necessary-documentation", "type": "clause", "offset": [614, 637]}, {"key": "acceptance-of-the-offer", "type": "definition", "offset": [643, 666]}, {"key": "respond-to", "type": "clause", "offset": [682, 692]}, {"key": "in-writing", "type": "definition", "offset": [731, 741]}, {"key": "contact-reports", "type": "clause", "offset": [754, 769]}, {"key": "pertinent-information", "type": "clause", "offset": [795, 816]}, {"key": "original-documentation", "type": "definition", "offset": [876, 898]}, {"key": "related-to", "type": "definition", "offset": [899, 909]}, {"key": "supporting-documentation", "type": "definition", "offset": [974, 998]}, {"key": "administrative-review-process", "type": "definition", "offset": [1028, 1057]}, {"key": "the-owner", "type": "clause", "offset": [1144, 1153]}, {"key": "purchase-agreements", "type": "definition", "offset": [1187, 1206]}, {"key": "to-the-county", "type": "definition", "offset": [1228, 1241]}], "snippet": "Acquisition services include all contacts with the property owner for the purpose of negotiating for the purchase of the real property interest. Services to be provided include: \u2022 Prepare the offer letter and other related documents based upon the review appraiser's accepted fair market value. \u2022 Prepare purchase agreement and conveyance documents. \u2022 Meet with property owners to discuss the project in general, review right of way maps and legal descriptions, confirm information about occupants/owners, and make the official first written offer. \u2022 Explain the offer, maintain follow up contacts, and secure the necessary documentation upon acceptance of the offer for closing. \u2022 Respond to property owner inquiries verbally and in writing. \u2022 Maintain contact reports for each parcel with all pertinent information and contacts concerning parcel. \u2022 Maintain parcel files of original documentation related to the purchase of the real property. \u2022 Provide recommendation and supporting documentation for consideration during the administrative review process. \u2022 Continue personal negotiations with property owner until agreement is reached with the owner, or impasse is reached. \u2022 Signed purchase agreements shall be transmitted to the County promptly for acceptance and processing.", "samples": [{"hash": "kJdLlHvEmGN", "uri": "/contracts/kJdLlHvEmGN#acquisition-process", "label": "Professional Services Agreement", "score": 33.5941963196, "published": true}, {"hash": "kP52bjbgOyX", "uri": "/contracts/kP52bjbgOyX#acquisition-process", "label": "Professional Services Agreement", "score": 32.2324409485, "published": true}], "hash": "8b9f1ebeeecbb9bfd9331c0cc48a2a4b", "id": 6}, {"size": 2, "snippet_links": [{"key": "applicable-laws-and-regulations", "type": "definition", "offset": [29, 60]}, {"key": "the-acquisition", "type": "clause", "offset": [73, 88]}, {"key": "company-in", "type": "clause", "offset": [154, 164]}, {"key": "the-surviving-company", "type": "clause", "offset": [228, 249]}, {"key": "outstanding-ordinary-shares", "type": "definition", "offset": [340, 367]}, {"key": "in-return", "type": "clause", "offset": [368, 377]}, {"key": "payment-of-cash-consideration", "type": "clause", "offset": [386, 415]}, {"key": "approval-of", "type": "definition", "offset": [481, 492]}, {"key": "clearances-and-approvals", "type": "clause", "offset": [555, 579]}, {"key": "relevant-regulators", "type": "definition", "offset": [583, 602]}, {"key": "complete-the", "type": "clause", "offset": [660, 672]}, {"key": "fourth-quarter", "type": "definition", "offset": [707, 721]}, {"key": "fiscal-year", "type": "clause", "offset": [733, 744]}, {"key": "march-2017", "type": "clause", "offset": [751, 761]}], "snippet": "Under and in accordance with applicable laws and regulations in Bermuda, the Acquisition will be implemented by first establishing SJNK\u2019s special purpose company in Bermuda, and then merging it into Endurance, with Endurance as the surviving company (a reverse triangular merger). Through this process, SJNK will acquire all of Endurance\u2019s outstanding ordinary shares in return for the payment of cash consideration to Endurance\u2019s shareholders. \u2022 The Acquisition is subject to the approval of Endurance\u2019s shareholders at its shareholders\u2019 meeting, and to clearances and approvals of relevant regulators. \u2022 SOMPO intends to proceed expeditiously and expects to complete the acquisition process by the end of fourth quarter of SOMPO\u2019s fiscal year ended March 2017 (January to March).", "samples": [{"hash": "etDqhcl71RL", "uri": "/contracts/etDqhcl71RL#acquisition-process", "label": "Acquisition Agreement", "score": 31.9066886902, "published": true}, {"hash": "198JGeDfwFV", "uri": "/contracts/198JGeDfwFV#acquisition-process", "label": "Acquisition Agreement", "score": 25.6237468719, "published": true}], "hash": "1eaf1148a3e795b92106f5897b98a424", "id": 7}, {"size": 1, "snippet_links": [{"key": "security-and-privacy", "type": "clause", "offset": [36, 56]}, {"key": "functional-requirements", "type": "clause", "offset": [62, 85]}, {"key": "by-reference", "type": "clause", "offset": [129, 141]}, {"key": "provider-systems", "type": "definition", "offset": [175, 191]}], "snippet": "Established processes for including security and privacy, and functional requirements, descriptions, and criteria, explicitly or by reference, in the acquisition contract for Provider Systems.", "samples": [{"hash": "lrSpPWQbNS5", "uri": "/contracts/lrSpPWQbNS5#acquisition-process", "label": "Master Services Agreement (Juniper Networks Inc)", "score": 30.1416835785, "published": true}], "hash": "6e41997a4a47b9eea388416180bea305", "id": 8}, {"size": 1, "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [0, 18]}, {"key": "the-acquisition", "type": "clause", "offset": [19, 34]}, {"key": "development-of", "type": "clause", "offset": [39, 53]}, {"key": "the-manager", "type": "definition", "offset": [68, 79]}, {"key": "comply-with", "type": "clause", "offset": [86, 97]}, {"key": "approved-by", "type": "clause", "offset": [121, 132]}, {"key": "the-management-committee", "type": "clause", "offset": [133, 157]}, {"key": "approved-acquisition", "type": "definition", "offset": [199, 219]}, {"key": "approval-of", "type": "definition", "offset": [290, 301]}, {"key": "annual-plan", "type": "definition", "offset": [306, 317]}, {"key": "ensuing-fiscal-year", "type": "definition", "offset": [327, 346]}, {"key": "review-and-approve", "type": "clause", "offset": [377, 395]}, {"key": "deemed-necessary", "type": "definition", "offset": [464, 480]}, {"key": "if-applicable", "type": "clause", "offset": [554, 567]}], "snippet": "In connection with the acquisition and development of each Project, the Manager shall comply with an acquisition process approved by the Management Committee (the \u201cAcquisition Process\u201d). The initial approved Acquisition Process is set forth in Exhibit J. In conjunction with its review and approval of the Annual Plan for each ensuing fiscal year, the Management Committee may review and approve the Acquisition Process, with any additions, deletions or revisions deemed necessary or appropriate. The Acquisition Process, as so supplemented and amended, if applicable, shall then govern during the ensuing fiscal year.", "samples": [{"hash": "5p2fTARir1t", "uri": "/contracts/5p2fTARir1t#acquisition-process", "label": "Operating Agreement (Thomas Properties Group Inc)", "score": 21.0, "published": true}], "hash": "2b2a0d5b2a39f10107c914f0edf85e22", "id": 9}, {"size": 1, "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "transfer-of-the-property", "type": "definition", "offset": [55, 79]}, {"key": "the-exercise-notice", "type": "definition", "offset": [118, 137]}, {"key": "pursuant-to", "type": "definition", "offset": [215, 226]}, {"key": "section-53", "type": "clause", "offset": [232, 243]}, {"key": "article-iii", "type": "definition", "offset": [297, 308]}, {"key": "price-to-be-paid", "type": "clause", "offset": [367, 383]}, {"key": "the-interests", "type": "clause", "offset": [403, 416]}, {"key": "equal-to", "type": "definition", "offset": [426, 434]}, {"key": "the-acquisition-consideration", "type": "clause", "offset": [435, 464]}, {"key": "in-accordance-with", "type": "clause", "offset": [496, 514]}, {"key": "section-31", "type": "definition", "offset": [515, 526]}, {"key": "each-member", "type": "definition", "offset": [536, 547]}, {"key": "to-receive", "type": "definition", "offset": [557, 567]}, {"key": "pro-rata-share", "type": "definition", "offset": [582, 596]}, {"key": "of-the-acquisition", "type": "clause", "offset": [597, 615]}, {"key": "based-on", "type": "definition", "offset": [630, 638]}, {"key": "percentage-interest", "type": "definition", "offset": [653, 672]}, {"key": "exhibit-b", "type": "clause", "offset": [702, 711]}, {"key": "subject-to-section", "type": "clause", "offset": [719, 737]}, {"key": "date-of", "type": "clause", "offset": [795, 802]}, {"key": "days-after", "type": "definition", "offset": [843, 853]}, {"key": "determination-of-the", "type": "clause", "offset": [858, 878]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [951, 976]}, {"key": "the-members", "type": "clause", "offset": [1005, 1016]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1039, 1058]}, {"key": "closing-documentation", "type": "clause", "offset": [1063, 1084]}, {"key": "exhibit-d", "type": "clause", "offset": [1104, 1113]}, {"key": "the-case", "type": "definition", "offset": [1260, 1268]}, {"key": "all-other-documents", "type": "clause", "offset": [1285, 1304]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1332, 1352]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1430, 1453]}], "snippet": "In the event that Kite Realty elects to accomplish the transfer of the Property through the Interest Acquisition: (i) the Exercise Notice shall specify that Kite Realty elects to effectuate the Interest Acquisition pursuant to this Section 5.3; (ii) subject to this Section 5.3, the provisions of Article III shall govern the Interest Acquisition; (iii) the purchase price to be paid by Kite Realty for the Interests shall be equal to the Acquisition Consideration for the Property as calculated in accordance with Section 3.1(b), with each Member entitled to receive such Member's pro rata share of the Acquisition Consideration based on such Member's percentage interest in Optionor (as set forth in Exhibit B); (iv) subject to Section 3.1(f), the Interests shall be conveyed, and the Closing Date of such acquisition shall occur, within 45 days after the determination of the Acquisition Consideration in accordance with Section 3.1; and (v) on or prior to the Closing Date, subject to Section 3.1(f), the Members and Kite Realty shall execute and deliver the closing documentation attached hereto as Exhibit D regarding the Interest Acquisition, and, thereafter, the Members and Kite Realty shall additionally acknowledge, execute, deliver and/or file (as the case may be) any and all other documents, agreements or instruments reasonably necessary or appropriate to effectuate the Interest Acquisition in accordance with the terms of this Agreement.", "samples": [{"hash": "gxIsnlUzXL7", "uri": "/contracts/gxIsnlUzXL7#acquisition-process", "label": "Option Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}], "hash": "be0146f564f5c50a59fc4e35fbfc1561", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxhY3F1aXNpdGlvbi1wcm9jZXNzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["alternative-transaction-member-interest-acquisition", "Alternative Transaction Member Interest Acquisition"], ["right-of-first-refusal", "Right of First Refusal"], ["additional-agreements-and-covenants", "Additional Agreements and Covenants"], ["subordination", "Subordination"], ["information", "Information"]], "children": [["withholding", "Withholding"], ["taxes", "Taxes"], ["survivability", "Survivability"], ["transfer-taxes", "Transfer Taxes"], ["cooperation-and-tax-disputes", "Cooperation and Tax Disputes"]], "size": 40, "title": "Acquisition Process", "id": "acquisition-process", "related": [["transaction-process", "TRANSACTION PROCESS", "TRANSACTION PROCESS"], ["evaluation-process", "Evaluation Process", "Evaluation Process"], ["negotiation-process", "Negotiation Process", "Negotiation Process"], ["notice-to-proceed-land-acquisition", "Notice to Proceed - Land Acquisition", "Notice to Proceed - Land Acquisition"], ["application-process", "Application Process", "Application Process"]], "related_snippets": [], "updated": "2025-08-16T05:43:37+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Acquisition Process clause outlines the steps and procedures that must be followed when one party seeks to acquire another entity or its assets. Typically, this clause details the stages of the acquisition, such as due diligence, negotiation, execution of agreements, and closing, and may specify timelines, required approvals, and documentation. By clearly defining the process, this clause ensures that both parties understand their obligations and the sequence of actions, thereby reducing misunderstandings and facilitating a smooth and orderly transaction."}, "json": true, "cursor": ""}}