{"component": "clause", "props": {"groups": [{"snippet": "The proposed Advance Date for such Ongoing Maintenance Advance is on or after March 14, 2017 and on or prior to the Commitment Termination Date.", "samples": [{"hash": "ifEuE33tMDs", "uri": "/contracts/ifEuE33tMDs#advance-date", "label": "Loan and Security Agreement (GWG Holdings, Inc.)", "score": 32.498973306, "published": true}, {"hash": "1EUFKwMTy5E", "uri": "/contracts/1EUFKwMTy5E#advance-date", "label": "Loan and Security Agreement (GWG Holdings, Inc.)", "score": 30.8480492813, "published": true}, {"hash": "bPLnasr7cyA", "uri": "/contracts/bPLnasr7cyA#advance-date", "label": "Loan and Security Agreement (GWG Holdings, Inc.)", "score": 28.742642026, "published": true}], "size": 7, "snippet_links": [{"key": "the-proposed", "type": "clause", "offset": [0, 12]}, {"key": "ongoing-maintenance-advance", "type": "definition", "offset": [35, 62]}, {"key": "after-march", "type": "clause", "offset": [72, 83]}, {"key": "commitment-termination-date", "type": "definition", "offset": [116, 143]}], "hash": "baea5d633aded04eea790b0968764913", "id": 1}, {"snippet": "2 AFFILIATE ................................................................................... 2", "samples": [{"hash": "iLS4KMFRbk7", "uri": "/contracts/iLS4KMFRbk7#advance-date", "label": "Lease Agreement (Network Appliance Inc)", "score": 18.0, "published": true}, {"hash": "3rZX9UED5Yi", "uri": "/contracts/3rZX9UED5Yi#advance-date", "label": "Lease Agreement (Network Appliance Inc)", "score": 18.0, "published": true}], "size": 6, "snippet_links": [], "hash": "ac1e45eb25bfed638d52351fd55c472a", "id": 2}, {"snippet": "a day (which shall be a Banking Day) on which an Advance is made.", "samples": [{"hash": "luPwaBUe98F", "uri": "/contracts/luPwaBUe98F#advance-date", "label": "Credit Agreement (Pilgrims Pride Corp)", "score": 21.0, "published": true}, {"hash": "k2F2AVV1HmS", "uri": "/contracts/k2F2AVV1HmS#advance-date", "label": "Credit Agreement (CHS Inc)", "score": 21.0, "published": true}, {"hash": "eiHvsjWKOul", "uri": "/contracts/eiHvsjWKOul#advance-date", "label": "Credit Agreement (Pilgrims Pride Corp)", "score": 19.0, "published": true}], "size": 4, "snippet_links": [{"key": "a-day", "type": "definition", "offset": [0, 5]}, {"key": "banking-day", "type": "definition", "offset": [24, 35]}], "hash": "ea490e74d1af0b5e431d9967738d81d5", "id": 3}, {"snippet": "3 Affiliate.................................................................................3", "samples": [{"hash": "g2FWMilPhMi", "uri": "/contracts/g2FWMilPhMi#advance-date", "label": "Lease Agreement (Network Appliance Inc)", "score": 18.0, "published": true}], "size": 4, "snippet_links": [], "hash": "61fb3615b039d08b6b8032f4caefed77", "id": 4}, {"snippet": "Advance Date\" means, regardless of whether any Construction Advance shall actually be made thereon, the first Business Day of every calendar month, beginning with August 1, 1997 and continuing regularly thereafter to and including the Carrying Costs Accrual Termination Date; provided, that if the Carrying Costs Accrual Termination Date occurs before the Last Advance Date (as defined below), then after the Carrying Costs Accrual Termination Date each Base Rent Date upon which commences a new Base Rent Period (and only such Base Rent Dates) through and including the Last Advance Date shall also constitute an \"Advance Date\" hereunder. In any event, no Advance Date shall occur after the Last Advance Date.", "samples": [{"hash": "8kyOUIyG3WP", "uri": "/contracts/8kyOUIyG3WP#advance-date", "label": "Lease Agreement (3com Corp)", "score": 18.0, "published": true}, {"hash": "6K8LRntDVXQ", "uri": "/contracts/6K8LRntDVXQ#advance-date", "label": "Lease Agreement (3com Corp)", "score": 18.0, "published": true}], "size": 3, "snippet_links": [{"key": "construction-advance", "type": "definition", "offset": [47, 67]}, {"key": "day-of", "type": "clause", "offset": [119, 125]}, {"key": "calendar-month", "type": "definition", "offset": [132, 146]}, {"key": "beginning-with", "type": "clause", "offset": [148, 162]}, {"key": "carrying-costs", "type": "clause", "offset": [235, 249]}, {"key": "accrual-termination-date", "type": "definition", "offset": [250, 274]}, {"key": "last-advance-date", "type": "definition", "offset": [356, 373]}, {"key": "base-rent-date", "type": "definition", "offset": [454, 468]}, {"key": "base-rent-period", "type": "definition", "offset": [496, 512]}, {"key": "no-advance", "type": "clause", "offset": [654, 664]}], "hash": "be2f7281ee4ae556b73c79f39e1fcb64", "id": 5}, {"snippet": "The proposed Advance Date was on or prior to the Commitment Termination Date.", "samples": [{"hash": "ifEuE33tMDs", "uri": "/contracts/ifEuE33tMDs#advance-date", "label": "Loan and Security Agreement (GWG Holdings, Inc.)", "score": 32.498973306, "published": true}, {"hash": "1EUFKwMTy5E", "uri": "/contracts/1EUFKwMTy5E#advance-date", "label": "Loan and Security Agreement (GWG Holdings, Inc.)", "score": 30.8480492813, "published": true}], "size": 3, "snippet_links": [{"key": "the-proposed", "type": "clause", "offset": [0, 12]}, {"key": "commitment-termination-date", "type": "definition", "offset": [49, 76]}], "hash": "0078cae61e0e1d83774bc512646e0f55", "id": 6}, {"snippet": "3 AFFILIATE.......................................................................................... 3", "samples": [{"hash": "1AzKuE7uFMB", "uri": "/contracts/1AzKuE7uFMB#advance-date", "label": "Lease Agreement (Network Appliance Inc)", "score": 18.0, "published": true}], "size": 3, "snippet_links": [], "hash": "63a4e3e21abf7ab64d53f781f1d91595", "id": 7}, {"snippet": "3 Affiliate............................................................................................. 3 Agent................................................................................................. 3", "samples": [{"hash": "gZoNll4TFg9", "uri": "/contracts/gZoNll4TFg9#advance-date", "label": "Lease Agreement (Zhone Technologies Inc)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [], "hash": "fe5f7189f0f47326ed266681769aa79c", "id": 8}, {"snippet": "On the Advance Date:\n(a) Lender shall have received (i) an Advance Request and a Note for the relevant Advance, each duly executed by Borrower\u2019s Chief Executive Officer or Chief Financial Officer, and (ii) any other documents Lender may reasonably request.\n(b) The representations and warranties set forth in this Agreement shall be true and correct in all material respects on and as of the Advance Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date.\n(c) Borrower shall be in compliance with all the terms and provisions set forth herein and in each other Loan Document on its part to be observed or performed, and at the time of and immediately after such Advance no Event of Default shall have occurred and be continuing.\n(d) Each Advance Request shall be deemed to constitute a representation and warranty by Borrower on the relevant Advance Date as to the matters specified in paragraphs (b) and (c) of this Section 4.2 and as to the matters set forth in the Advance Request.", "samples": [{"hash": "8lz7wIg4oMN", "uri": "/contracts/8lz7wIg4oMN#advance-date", "label": "Loan and Security Agreement (American Superconductor Corp /De/)", "score": 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to the satisfaction (or waiver in accordance with Section 9.03) of the following conditions:\n(a) The Effective Date shall have occurred.\n(b) No Default or Event of Default has occurred and is continuing.\n(c) The representations and warranties of the Borrower set forth in this Agreement (other than, for the avoidance of doubt, the representations and warranties set forth in Section 3.07 and 3.08 shall be true and correct in all material respects (other than those representations and warranties that are subject to a materiality qualifier, in which case such representations and warranties shall be true and correct in all respects as written, including the materiality qualifier) on and as of such Advance Date (other than those representations and warranties that expressly relate to a specific earlier date, which shall be true and correct in all material respects as of such earlier date (other than those representations and warranties that are subject to a materiality qualifier, in which case such representations and warranties shall be true and correct in all respects as of such earlier date as written, including the materiality qualifier)).\n(d) The Administrative Agent shall have received all fees and other amounts due and payable pursuant to the Fee Letter on or prior to such Advance Date.", "samples": [{"hash": "4X94SR67rM1", "uri": "/contracts/4X94SR67rM1#advance-date", "label": "Credit Agreement (Williams Partners L.P.)", "score": 26.9739904175, "published": true}], "size": 1, "snippet_links": [{"key": "the-obligation", "type": "clause", "offset": [0, 14]}, {"key": "term-lender", "type": "definition", "offset": [23, 34]}, {"key": "a-loan", "type": "definition", "offset": [43, 49]}, {"key": "each-advance", "type": "clause", "offset": [53, 65]}, {"key": "subject-to-the", "type": "definition", "offset": [74, 88]}, {"key": "in-accordance-with", "type": "definition", "offset": [113, 131]}, {"key": "the-effective-date", "type": "clause", "offset": [179, 197]}, {"key": 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"definition", "offset": [1363, 1371]}], "hash": "b3892b161077da776bb266a2afb6a7c6", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVhZHZhbmNlLWRhdGUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["conditions-to-borrowing", "CONDITIONS TO BORROWING"], ["conditions-precedent-to-each-ongoing-maintenance-advance", "Conditions Precedent to each Ongoing Maintenance Advance"], ["defined-terms", "DEFINED TERMS"], ["conditions-precedent-to-first-advance-following-the-amended-and-restated-closing-date", "Conditions Precedent to First Advance Following the Amended and Restated Closing Date"], ["conditions", "Conditions"]], "title": "Advance Date", "children": [["accuracy-of-representations-and-warranties-no-default-etc", "Accuracy of Representations and Warranties, No Default, etc"], ["advance-request", "Advance Request"], ["notice-and-closing", "NOTICE AND CLOSING"], ["commitment", "COMMITMENT"], ["third-party-approvals", "THIRD PARTY APPROVALS"]], "size": 45, "id": "advance-date", "related": [["funding-date", "Funding Date", "Funding Date"], ["origination-date", "Origination Date", "Origination Date"], ["initial-advance", "Initial Advance", "Initial Advance"], ["remittance-date", "Remittance Date", "Remittance Date"], ["drawdown-date", "Drawdown Date", "Drawdown Date"]], "related_snippets": [], "updated": "2025-07-07T12:37:39+00:00", "also_ask": ["What negotiation leverage does the definition of 'Advance Date' provide to each party?", "What essential elements must be included in the 'Advance Date' clause to avoid ambiguity?", "What are the main risks if the 'Advance Date' is not clearly defined or is left flexible?", "How does the treatment of 'Advance Date' in this agreement compare to market standards or similar deals?", "What factors do courts consider when determining the enforceability of an 'Advance Date' provision?"], "drafting_tip": "Specify the exact Advance Date, define any conditions precedent, and clarify adjustment mechanisms to prevent disputes and ensure timely performance.", "explanation": "The Advance Date clause defines the specific date on which funds or resources are to be disbursed or made available under an agreement. In practice, this clause sets a clear timeline for when the lender must provide the loan amount to the borrower, or when a party must deliver an agreed-upon advance. By establishing a definite date for the advance, the clause ensures both parties are aligned on expectations and helps prevent disputes or delays related to the timing of payments or deliveries."}, "json": true, "cursor": ""}}