{"component": "clause", "props": {"groups": [{"snippet": "(a) Subject to the provisions of this Agreement, including without limitation the satisfaction of the conditions described in Article III, Lender agrees to establish a Revolving Loan Facility pursuant to which Lender may, in its sole discretion upon request of Borrower, make and incur Credit Accommodations in support of Export Orders, provided the Credit Accommodation Amount at any time shall not exceed the lesser of (i) the Maximum Amount, and (ii) the Export-Related Borrowing Base. All Letters of Credit issued shall be in Dollars and all Disbursements shall be made in Dollars.\n(b) Lender may agree to make advances directly to Borrower or for Borrower's account during the Credit Period, it being expressly agreed that Lender has no commitment to do so. Borrower shall request each advance under the Loan by delivering to Lender a written request therefore, an Export-Related Borrowing Base Certificate, a copy of the Export Order(s) against which Borrower is requesting an advance, and such other information and documentation as Lender may require, in accordance with Section 6.10. Upon receipt of the above described information and documents by Lender, Lender shall make such advance within five (5) Business Days following Lender's determination that all conditions to the making of such advance have been satisfied. Each advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower (a) when credited to any deposit account of Borrower maintained with Lender, or (b) when advanced in accordance with the instructions of an authorized Person. Lender, at its option, may set a cutoff time, after which all requests for advances under the Loan will be treated as having been requested on the next succeeding Business Day.\n(c) Lender may agree to issue Letters of Credit on behalf of Borrower or for Borrower's account from time to time during the Credit Period, it being expressly agreed that Lender has no commitment to do so. Standby Letters of Credit may be issued for Borrower's account for use as a performance bond, which Standby Letters of Credit can be drawn upon by Buyers only if Borrower fails to perform its obligations with respect to the relevant Export Order. Each Disbursement to fund a drawing under a Standby Letter of Credit shall conclusively be deemed to have been made when advanced in accordance with a draw request or instructions of an authorized Person. Each Letter of Credit will be in form and substance satisfactory to Lender and if approved for issuance by Lender in its sole discretion, will be issued by Lender as soon as practicable following (a) Lender's receipt of a completed Letter of Credit Application, an Export-Related Borrowing Base Certificate, a copy of the Export Order with respect to which Borrower is requesting a Letter of Credit, and such other information and documentation as Lender may require, in accordance with Section 6.10; and (b) Lender's determination that all conditions to issuing such Letter of Credit have been satisfied, including but not limited to the Borrower's obligation to provide and maintain adequate collateral in the amount equivalent to twenty-five percent (25%) of the undrawn amount of each Letter of Credit issued hereunder. In no event shall (i) the expiry date of any Letter of Credit be later than twelve (12) months from the date of issuance of such Letter of Credit. Lender shall not be requested to issue during the last sixty (60) days of the Credit Period any Letter of Credit which will expire after the Stated Final Disbursement Date unless Lender agrees in writing to a renewal of the Loan, or Ex-Im Bank's prior written approval of the issuance of such Letter of Credit is obtained.\n(d) The terms and conditions of each Letter of Credit Application delivered by Borrower and accepted by Lender hereunder, including without limitation terms related to reimbursement of amounts drawn and the payment of fees and interest, are incorporated herein by this reference; provided, however, that (a) no provisions subjecting Lender and Borrower to arbitration or other dispute resolution provisions contained in any Letter of Credit Application shall be incorporated into this Agreement or applicable to Letters of Credit issued pursuant to this Agreement, and (b) to the extent that there is any conflict between the terms and conditions of any Letter of Credit Application and this Agreement, the terms of this Agreement shall prevail, except for (i) definitions contained in any Letter of Credit Application, (ii) if there is any provision contained in any Letter of Credit Application which subjects the Letter of Credit issued pursuant thereto to the UCP, the UCP shall prevail and (iii) if there is any provision contained in any Letter of Credit Application for a Standby Letter of Credit which subjects the Standby Letter of Credit issued pursuant thereto to the ISP, the ISP shall prevail.\n(e) The outstanding principal balance of Disbursements hereunder shall be evidenced by the Note and shall be repaid as set forth in Section 2.3 below.\n(f) Interest on the outstanding principal balance of the Note shall accrue and be payable as set forth in Section 2.5 below.\n(g) If the Lender determines that the introduction of any Requirement of Law, or any change in any Requirement of Law, or in the interpretation or administration of any Requirement of Law, has made it unlawful, or that any central bank or other Governmental Authority has asserted that it is unlawful, for the Lender to make the Disbursements and have interest accruing thereon on the basis of the LIBOR Rate, then, on notice thereof by the Lender to the Borrower, the Disbursements shall thereafter accrue interest at the CB Floating Rate until the Bank notifies the Borrower that the circumstances giving rise to such determination no longer exist. If the Bank determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any LIBOR Period, or that the LIBOR Rate does not adequately and fairly reflect the cost to the Bank of making or maintaining the Disbursements, (i) the Bank will promptly so notify the Borrower, and (ii) thereafter, the obligation of the Bank to make or maintain the Disbursements with interest accruing thereon on the basis of the LIBOR Rate shall be suspended until the Lender revokes such notice in writing.", "snippet_links": [{"key": "provisions-of-this-agreement", "type": "clause", "offset": [19, 47]}, {"key": "including-without-limitation", "type": "clause", "offset": [49, 77]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [82, 112]}, {"key": "article-iii", "type": "clause", "offset": [126, 137]}, {"key": "to-establish", "type": "definition", "offset": [153, 165]}, {"key": "revolving-loan-facility", "type": "clause", "offset": [168, 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"clause", "offset": [6377, 6394]}], "samples": [{"hash": "5gWY36gt72O", "uri": "/contracts/5gWY36gt72O#advances-and-letters-of-credit", "label": "Export Loan Agreement (Fuelcell Energy Inc)", "score": 25.5941143036, "published": true}, {"hash": "kaHl1rYhlSO", "uri": "/contracts/kaHl1rYhlSO#advances-and-letters-of-credit", "label": "Export Loan Agreement (Fuelcell Energy Inc)", "score": 24.2772083282, "published": true}, {"hash": "5l8ED3Hc9CM", "uri": "/contracts/5l8ED3Hc9CM#advances-and-letters-of-credit", "label": "Export Loan Agreement (Fuelcell Energy Inc)", "score": 23.4339485168, "published": true}], "size": 18, "hash": "ee6bcc89163fe2e4ab96167946aa7a16", "id": 1}, {"snippet": "The proceeds of the Advances and the Letters of Credit will be used by the Borrower (i) to refinance existing Indebtedness, (ii) pay fees and expenses incurred in connection with the transactions contemplated hereby, and (iii) for working capital and general corporate purposes of the Borrower and its 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194]}], "samples": [{"hash": "1EriY4cxFck", "uri": "/contracts/1EriY4cxFck#advances-and-letters-of-credit", "label": "Revolving Credit Agreement (Ruby Tuesday Inc)", "score": 21.9308700562, "published": true}, {"hash": "f6ooGU9z7c6", "uri": "/contracts/f6ooGU9z7c6#advances-and-letters-of-credit", "label": "Loan Facility Agreement (Ruby Tuesday Inc)", "score": 21.0, "published": true}, {"hash": "ePX9PnlgVnH", "uri": "/contracts/ePX9PnlgVnH#advances-and-letters-of-credit", "label": "Loan Facility Agreement (Ruby Tuesday Inc)", "score": 21.0, "published": true}], "size": 7, "hash": "b2241d1a470755bcfdb46ccc0a00171b", "id": 3}, {"snippet": "Subject to and upon the provisions of this Agreement and relying upon the representations and warranties herein set forth, the Lender agrees at any time and from time to time to make Advances to the Borrower and issue Letters of Credit for the account of the Borrower from the date hereof until the earlier of the Revolving Credit Expiration Date or the date on which this Revolving Credit Facility is terminated pursuant to Section 7 hereof, in an aggregate principal amount at any time outstanding not to exceed the Revolving Credit Amount. In no event shall the Lender be obligated to make an Advance hereunder if a Default shall have occurred and be continuing. Unless sooner terminated pursuant to other provisions of this Agreement, this Revolving Credit Facility and the obligation of the Lender to make Advances hereunder shall automatically terminate on the Revolving Credit Expiration Date without further action by, or notice of any kind from, the Lender. Within the limitations set forth herein and subject to the provisions of this Agreement, the Borrower may borrow, repay and reborrow under this Revolving Credit Facility. The fact that there may be no Advances or Letters of Credit outstanding at any particular time shall not affect the continuing validity of this Agreement.", "snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [20, 42]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [70, 104]}, {"key": "the-lender", "type": "clause", "offset": [123, 133]}, {"key": "at-any-time", "type": "clause", "offset": [141, 152]}, {"key": "from-time-to-time", "type": "clause", "offset": [157, 174]}, {"key": "advances-to-the-borrower", "type": "clause", "offset": [183, 207]}, {"key": "the-account", "type": "clause", "offset": [240, 251]}, {"key": "of-the-borrower", "type": "clause", "offset": [252, 267]}, {"key": "date-hereof", "type": "clause", "offset": [277, 288]}, {"key": "revolving-credit-expiration-date", "type": "clause", "offset": [314, 346]}, {"key": "revolving-credit-facility", "type": "clause", "offset": [373, 398]}, {"key": "pursuant-to-section-7", "type": "clause", "offset": [413, 434]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [449, 475]}, {"key": "not-to-exceed", "type": "definition", "offset": [500, 513]}, {"key": "revolving-credit-amount", "type": "clause", "offset": [518, 541]}, {"key": "in-no-event-shall", "type": "clause", "offset": [543, 560]}, {"key": "default-shall", "type": "definition", "offset": [619, 632]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [703, 737]}, {"key": "obligation-of-the", "type": "clause", "offset": [778, 795]}, {"key": "action-by", "type": "clause", "offset": [916, 925]}, {"key": "notice-of-any", "type": "clause", "offset": [930, 943]}, {"key": "subject-to-the-provisions", "type": "clause", "offset": [1011, 1036]}, {"key": "the-fact", "type": "clause", "offset": [1138, 1146]}, {"key": "no-advances", "type": "clause", "offset": [1165, 1176]}, {"key": "letters-of-credit-outstanding", "type": "definition", "offset": [1180, 1209]}, {"key": "validity-of-this-agreement", "type": "clause", "offset": [1265, 1291]}], "samples": [{"hash": "i6yrWaiHe7T", "uri": "/contracts/i6yrWaiHe7T#advances-and-letters-of-credit", "label": "Credit Agreement", "score": 31.3408622742, "published": true}, {"hash": "22hcmq7DaWw", "uri": "/contracts/22hcmq7DaWw#advances-and-letters-of-credit", "label": "Credit Agreement (International Assets Holding Corp)", "score": 21.0, "published": true}], "size": 6, "hash": "caa1a4f48511515d892160cdc4071934", "id": 4}, {"snippet": "32 2.1 Advances-General..............................................................32 2.2 Alternate Base Rate Advances..................................................33 2.3 Eurodollar Rate Advances......................................................34 2.4 Conversion and Continuation of Advances.......................................34 (a) Optional Conversion...........................................................34 (b) Certain Mandatory Conversions.................................................35 (c) Continuations.................................................................35 2.5", "snippet_links": [{"key": "alternate-base-rate-advances", "type": "clause", "offset": [92, 120]}, {"key": "eurodollar-rate-advances", "type": "definition", "offset": [177, 201]}, {"key": "conversion-and-continuation-of-advances", "type": "clause", "offset": [262, 301]}, {"key": "optional-conversion", "type": "clause", "offset": [347, 366]}, {"key": "certain-mandatory-conversions", "type": "clause", "offset": [432, 461]}], "samples": [{"hash": "gCBRdUa54im", "uri": "/contracts/gCBRdUa54im#advances-and-letters-of-credit", "label": "Credit Agreement (Modtech Holdings Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "9a7de0fdfdbf576910b40fae54a30109", "id": 5}, {"snippet": "3 2.1. Revolving Credit Advances and Borrowings. 3 2.2. Prepayments/Commitment Reductions. 5", "snippet_links": [{"key": "revolving-credit-advances-and-borrowings", "type": "clause", "offset": [7, 47]}, {"key": "commitment-reductions", "type": "clause", "offset": [68, 89]}], "samples": [{"hash": "8jKuSvlFWKO", "uri": "/contracts/8jKuSvlFWKO#advances-and-letters-of-credit", "label": "Credit Agreement (Dixie Group Inc)", "score": 27.8364143372, "published": true}], "size": 1, "hash": "35ea3f987f78746cccf1f0c021476ad1", "id": 6}, {"snippet": "Not less than three Business Days before an Advance is to be made or a Letter of Credit is to be issued, the Agent shall notify each Bank of the proposed Euro Amount of the relevant Advance or Letter of Credit, its proposed Term, whether or not such Advance or Letter of Credit is to be denominated in an Optional Currency (and, if so, the amount of such Advance or Letter of Credit in the relevant Optional Currency) and the aggregate principal amount of the relevant Advance or Letter of Credit allocated to such Bank pursuant to this Agreement and, in relation to a Letter of Credit, the name of the proposed beneficiary.", "snippet_links": [{"key": "business-days", "type": "definition", "offset": [20, 33]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [69, 87]}, {"key": "the-agent-shall", "type": "clause", "offset": [105, 120]}, {"key": "bank-of", "type": "definition", "offset": [133, 140]}, {"key": "the-proposed", "type": "clause", "offset": [141, 153]}, {"key": "euro-amount", "type": "definition", "offset": [154, 165]}, {"key": "relevant-advance", "type": "definition", "offset": [173, 189]}, {"key": "optional-currency", "type": "definition", "offset": [305, 322]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [426, 452]}, {"key": "allocated-to", "type": "definition", "offset": [497, 509]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [520, 546]}, {"key": "in-relation-to", "type": "clause", "offset": [552, 566]}], "samples": [{"hash": "57hHrVQiuxQ", "uri": "/contracts/57hHrVQiuxQ#advances-and-letters-of-credit", "label": "Multicurrency Revolving Credit Facility Agreement (Prologis Trust)", "score": 18.0, "published": true}], "size": 1, "hash": "d2bd8bd68d78410ea0890002b40102bc", "id": 7}, {"snippet": "The Bank agrees, on the terms and conditions set forth in this Agreement, to make Advances to the Borrower and to issue Letters of Credit for the account of the Borrower from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity Date, provided that (i) no Advance shall be made and no Letter of Credit shall be issued, amended, or extended if, after giving effect thereto, the Aggregate Exposure would exceed the lesser of the Commitment and the Available Amount, and (ii) each Advance shall be in an aggregate principal amount not less than $1,000,000 and in integral multiples thereof (except with respect to Base Rate Advances for the purpose of repaying Reimbursement Obligations). 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Revolving Credit Advances and Borrowings ......................................................... 2 2.2. Prepayments/Commitment Termination ................................................................. 3 2.3. [Intentionally Omitted.] .......................................................................................... 5 2.4. 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Typically, this clause outlines the conditions for requesting advances, the procedures for issuing and drawing on letters of credit, and any associated obligations or limitations, such as repayment terms or required documentation. By establishing clear rules for these financial instruments, the clause facilitates smooth financial transactions and mitigates the risk of non-payment or cash flow issues between the parties."}, "json": true, "cursor": ""}}