{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dngY6M7R7Rp", "uri": "/contracts/dngY6M7R7Rp#advances", "label": "Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar6)", "score": 21.0, "published": true}, {"hash": "onCElk50Fn", "uri": "/contracts/onCElk50Fn#advances", "label": "Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar11)", "score": 18.0, "published": true}, {"hash": "lnBB2b1eQZn", "uri": "/contracts/lnBB2b1eQZn#advances", "label": "Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A3)", "score": 18.0, "published": true}], "size": 747, "snippet_links": [{"key": "servicer-advance-date", "type": "definition", "offset": [51, 72]}, {"key": "the-definition", "type": "definition", "offset": [127, 141]}, {"key": "the-certificate-account", "type": "clause", "offset": [287, 310]}, {"key": "equal-to", "type": "definition", "offset": [321, 329]}, {"key": "an-appropriate", "type": "clause", "offset": [355, 369]}, {"key": "relating-to", "type": "definition", "offset": [391, 402]}, {"key": "amount-held-for-future-distribution", "type": "definition", "offset": [436, 471]}, {"key": "by-the-servicer", "type": "clause", "offset": [486, 501]}, {"key": "account-no", "type": "definition", "offset": [644, 654]}, {"key": "close-of-business", "type": "definition", "offset": [670, 687]}, {"key": "all-advances", "type": "clause", "offset": [804, 816]}, {"key": "own-funds", "type": "clause", "offset": [824, 833]}, {"key": "made-pursuant-to", "type": "clause", "offset": [834, 850]}, {"key": "obligation-to-make-advances", "type": "clause", "offset": [902, 929]}, {"key": "with-respect-to", "type": "clause", "offset": [930, 945]}, {"key": "loan-shall", "type": "definition", "offset": [959, 969]}, {"key": "such-mortgage-loan", "type": "definition", "offset": [982, 1000]}, {"key": "property-has", "type": "definition", "offset": [1063, 1075]}, {"key": "date-no", "type": "clause", "offset": [1200, 1207]}, {"key": "business-day", "type": "clause", "offset": [1230, 1242]}, {"key": "distribution-date", "type": "clause", "offset": [1262, 1279]}, {"key": "comply-with", "type": "clause", "offset": [1338, 1349]}, {"key": "the-advances", "type": "clause", "offset": [1373, 1385]}, {"key": "best-efforts", "type": "definition", "offset": [1468, 1480]}, {"key": "notice-thereof", "type": "clause", "offset": [1497, 1511]}, {"key": "to-the-trustee", "type": "clause", "offset": [1512, 1526]}, {"key": "new-york-time", "type": "definition", "offset": [1635, 1648]}, {"key": "the-business", "type": "clause", "offset": [1653, 1665]}, {"key": "advance-deficiency", "type": "definition", "offset": [1805, 1823]}, {"key": "nonrecoverable-advance", "type": "definition", "offset": [1916, 1938]}, {"key": "trustee-advance-notice", "type": "definition", "offset": [1966, 1988]}, {"key": "the-distribution-account", "type": "clause", "offset": [2234, 2258]}, {"key": "applicable-law", "type": "definition", "offset": [2384, 2398]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [2400, 2429]}, {"key": "trustee-shall", "type": "definition", "offset": [2435, 2448]}, {"key": "written-notification", "type": "clause", "offset": [2521, 2541]}, {"key": "to-be-deposited", "type": "definition", "offset": [2602, 2617]}, {"key": "any-advance", "type": "clause", "offset": [2856, 2867]}, {"key": "the-prime-rate", "type": "definition", "offset": [2891, 2905]}, {"key": "day-of", "type": "clause", "offset": [2913, 2919]}, {"key": "the-wall-street-journal", "type": "clause", "offset": [2952, 2975]}, {"key": "by-the-trustee", "type": "clause", "offset": [2998, 3012]}, {"key": "following-the", "type": "definition", "offset": [3076, 3089]}, {"key": "in-the-event", "type": "clause", "offset": [3121, 3133]}, {"key": "in-accordance-with", "type": "definition", "offset": [3183, 3201]}, {"key": "requirements-of-the", "type": "clause", "offset": [3206, 3225]}, {"key": "obligations-of-the-servicer", "type": "clause", "offset": [3312, 3339]}, {"key": "this-agreement", "type": "clause", "offset": [3346, 3360]}, {"key": "subject-to-the", "type": "clause", "offset": [3401, 3415]}, {"key": "servicer-hereunder", "type": "clause", "offset": [3503, 3521]}, {"key": "deliver-to", "type": "definition", "offset": [3654, 3664]}, {"key": "form-and-substance", "type": "clause", "offset": [3690, 3708]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [3768, 3786]}, {"key": "scheduled-payments", "type": "definition", "offset": [3854, 3872]}, {"key": "an-officer", "type": "clause", "offset": [4026, 4036]}, {"key": "certificate-of", "type": "definition", "offset": [4039, 4053]}, {"key": "servicing-officer", "type": "definition", "offset": [4056, 4073]}], "snippet": "(a) The Servicer shall determine on or before each Servicer Advance Date whether it is required to make an Advance pursuant to the definition thereof. If the Servicer determines it is required to make an Advance, it shall, on or before the Servicer Advance Date, either (i) deposit into the Certificate Account an amount equal to the Advance or (ii) make an appropriate entry in its records relating to the Certificate Account that any Amount Held for Future Distribution has been used by the Servicer in discharge of its obligation to make any such Advance. Any funds so applied shall be replaced by the Servicer by deposit in the Certificate Account no later than the close of business on the next Servicer Advance Date. The Servicer shall be entitled to be reimbursed from the Certificate Account for all Advances of its own funds made pursuant to this Section 4.01 as provided in Section 3.09. The obligation to make Advances with respect to any Mortgage Loan shall continue if such Mortgage Loan has been foreclosed or otherwise terminated and the Mortgaged Property has not been liquidated. The Servicer shall inform the Trustee of the amount of the Advance to be made on each Servicer Advance Date no later than the second Business Day before the related Distribution Date.\n(b) If the Servicer determines that it will be unable to comply with its obligation to make the Advances as and when described in the second sentence of Section 4.01(a), it shall use its best efforts to give written notice thereof to the Trustee (each such notice an \"Advance Notice\"; and such notice may be given by telecopy), not later than 3:00 P.M., New York time, on the Business Day immediately preceding the related Servicer Advance Date, specifying the amount that it will be unable to deposit (each such amount an \"Advance Deficiency\") and certifying that such Advance Deficiency constitutes an Advance hereunder and is not a Nonrecoverable Advance. If the Trustee receives a Trustee Advance Notice on or before 3:00 P.M., New York time on a Servicer Advance Date, the Trustee is entitled to immediately terminate the Servicer under Section 7.01, and shall, not later than 3:00 P.M., New York time, on the related Distribution Date, deposit in the Distribution Account an amount equal to the Advance Deficiency identified in such Trustee Advance Notice unless it is prohibited from so doing by applicable law. Notwithstanding the foregoing, the Trustee shall not be required to make such deposit if the Trustee shall have received written notification from the Servicer that the Servicer has deposited or caused to be deposited in the Certificate Account an amount equal to such Advance Deficiency by 3:00 P.M. New York time on the related Distribution Date. If the Trustee has not terminated the Servicer, the Servicer shall reimburse the Trustee for the amount of any Advance (including interest at the Prime Rate on the day of such reimbursement published in The Wall Street Journal) on such amount, made by the Trustee pursuant to this Section 4.01(b) not later than the second day following the related Servicer Advance Date. In the event that the Servicer does not reimburse the Trustee in accordance with the requirements of the preceding sentence, the Trustee shall immediately (a) terminate all of the rights and obligations of the Servicer under this Agreement in accordance with Section 7.01 and (b) subject to the limitations set forth in Section 3.05, assume all of the rights and obligations of the Servicer hereunder.\n(c) The Servicer shall, not later than the close of business on the Business Day immediately preceding each Servicer Advance Date, deliver to the Trustee a report (in form and substance reasonably satisfactory to the Trustee) that indicates (i) the Mortgage Loans with respect to which the Servicer has determined that the related Scheduled Payments should be advanced and (ii) the amount of the related Scheduled Payments. The Servicer shall deliver to the Trustee on the related Servicer Advance Date an Officer's Certificate of a Servicing Officer indicating the amount of any proposed Advance determined by the Servicer to be a Nonrecoverable Advance.", "hash": "ca2dbac03fed1ff16842b3bf266b0506", "id": 1}, {"samples": [{"hash": "aCQh943BdCi", "uri": "/contracts/aCQh943BdCi#advances", "label": "Custody Agreement (Cheswold Lane Funds)", "score": 24.3251190186, "published": true}, {"hash": "kbM1NtdMo4w", "uri": "/contracts/kbM1NtdMo4w#advances", "label": "Custody Agreement (Trend Trader Funds)", "score": 21.0, "published": true}, {"hash": "aaqYpXiHWT9", "uri": "/contracts/aaqYpXiHWT9#advances", "label": "Custody Agreement (SteelPath MLP Funds Trust)", "score": 20.9904174805, "published": true}], "size": 412, "snippet_links": [{"key": "pursuant-to", "type": "clause", "offset": [19, 30]}, {"key": "securities-system", "type": "definition", "offset": [80, 97]}, {"key": "securities-depository", "type": "clause", "offset": [102, 123]}, {"key": "clearing-agency", "type": "definition", "offset": [127, 142]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [157, 179]}, {"key": "section-9", "type": "definition", "offset": [251, 260]}, {"key": "transfer-of-funds", "type": "clause", "offset": [320, 337]}, {"key": "on-behalf-of", "type": "clause", "offset": [338, 350]}, {"key": "close-of-business", "type": "definition", "offset": [395, 412]}, {"key": "insufficient-funds", "type": "definition", "offset": [454, 472]}, {"key": "the-custodian-may", "type": "clause", "offset": [523, 540]}, {"key": "in-its-discretion", "type": "clause", "offset": [542, 559]}, {"key": "further-instructions", "type": "clause", "offset": [568, 588]}, {"key": "to-allow-the", "type": "clause", "offset": [662, 674]}, {"key": "completion-of-the-transaction", "type": "definition", "offset": [675, 704]}, {"key": "in-addition", "type": "clause", "offset": [773, 784]}, {"key": "in-the-event-the", "type": "clause", "offset": [786, 802]}, {"key": "instructions-to", "type": "definition", "offset": [828, 843]}, {"key": "account-with", "type": "definition", "offset": [984, 996]}, {"key": "any-advance", "type": "clause", "offset": [1124, 1135]}, {"key": "by-the-fund", "type": "clause", "offset": [1153, 1164]}, {"key": "the-advance", "type": "clause", "offset": [1184, 1195]}, {"key": "on-demand", "type": "clause", "offset": [1205, 1214]}, {"key": "by-custodian", "type": "clause", "offset": [1215, 1227]}, {"key": "agreed-by", "type": "definition", "offset": [1246, 1255]}, {"key": "payment-by", "type": "clause", "offset": [1355, 1365]}, {"key": "to-the-custodian", "type": "clause", "offset": [1376, 1392]}, {"key": "in-writing", "type": "definition", "offset": [1415, 1425]}, {"key": "from-time-to-time", "type": "clause", "offset": [1426, 1443]}, {"key": "in-respect-of", "type": "definition", "offset": [1514, 1527]}, {"key": "not-limited", "type": "clause", "offset": [1590, 1601]}, {"key": "foreign-exchange-contract", "type": "clause", "offset": [1607, 1632]}, {"key": "acting-as-a-principal", "type": "clause", "offset": [1689, 1710]}, {"key": "the-account", "type": "clause", "offset": [1719, 1730]}, {"key": "the-risk", "type": "definition", "offset": [1741, 1749]}, {"key": "own-account-and-risk", "type": "clause", "offset": [1902, 1922]}, {"key": "the-funds", "type": "clause", "offset": [1950, 1959]}, {"key": "parties-to-this-agreement", "type": "clause", "offset": [1970, 1995]}, {"key": "purpose-of-advances", "type": "clause", "offset": [2017, 2036]}, {"key": "sale-of-securities", "type": "clause", "offset": [2079, 2097]}, {"key": "prompt-delivery", "type": "clause", "offset": [2102, 2117]}, {"key": "in-accordance-with", "type": "definition", "offset": [2118, 2136]}, {"key": "terms-of", "type": "definition", "offset": [2152, 2160]}, {"key": "emergency-expenses", "type": "clause", "offset": [2190, 2208]}, {"key": "reasonably-foreseeable", "type": "clause", "offset": [2213, 2235]}, {"key": "notify-the", "type": "clause", "offset": [2276, 2286]}, {"key": "by-facsimile-transmission", "type": "clause", "offset": [2352, 2377]}, {"key": "other-manner", "type": "clause", "offset": [2389, 2401]}], "snippet": "In the event that, pursuant to Instructions, the Custodian or any Subcustodian, Securities System, or Securities Depository or Clearing Agency acting either directly or indirectly under agreement with the Custodian (each of which for purposes of this Section 9 shall be referred to as \"Custodian\"), makes any payment or transfer of funds on behalf of any Fund as to which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of any such Fund, the Custodian may, in its discretion without further Instructions, provide an advance (\"Advance\") to any such Fund in an amount sufficient to allow the completion of the transaction by reason of which such payment or transfer of funds is to be made. In addition, in the event the Custodian is directed by Instructions to make any payment or transfer of funds on behalf of any Fund as to which it is subsequently determined that such Fund has overdrawn its cash account with the Custodian as of the close of business on the date of such payment or transfer, said overdraft shall constitute an Advance. Any Advance shall be payable by the Fund on behalf of which the Advance was made on demand by Custodian, unless otherwise agreed by such Fund and the Custodian, and shall accrue interest from the date of the Advance to the date of payment by such Fund to the Custodian at a rate agreed upon in writing from time to time by the Custodian and such Fund. It is understood that any transaction in respect of which the Custodian shall have made an Advance, including but not limited to a foreign exchange contract or transaction in respect of which the Custodian is not acting as a principal, is for the account of and at the risk of the Fund on behalf of which the Advance was made, and not, by reason of such Advance, deemed to be a transaction undertaken by the Custodian for its own account and risk. The Custodian and each of the Funds which are parties to this Agreement acknowledge that the purpose of Advances is to finance temporarily the purchase or sale of Securities for prompt delivery in accordance with the settlement terms of such transactions or to meet emergency expenses not reasonably foreseeable by a Fund. The Custodian shall promptly notify the appropriate Fund of any Advance. Such notification shall be sent by facsimile transmission or in such other manner as such Fund and the Custodian may agree.", "hash": "ec98352625c8aabfdcf3d9e3aa25b067", "id": 2}, {"samples": [{"hash": "kdMHVsuPcT7", "uri": "/contracts/kdMHVsuPcT7#advances", "label": "Pooling and Servicing Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2)", "score": 18.0, "published": true}, {"hash": "hpHr1Sk14hK", "uri": "/contracts/hpHr1Sk14hK#advances", "label": "Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He6)", "score": 18.0, "published": true}, {"hash": "h0UeOr1uwOg", "uri": "/contracts/h0UeOr1uwOg#advances", "label": "Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He6)", "score": 18.0, "published": true}], "size": 313, "snippet_links": [{"key": "pi-advances", "type": "clause", "offset": [18, 30]}, {"key": "each-servicer", "type": "definition", "offset": [45, 58]}, {"key": "remittance-date", "type": "definition", "offset": [67, 82]}, {"key": "subject-to-section", "type": "clause", "offset": [96, 114]}, {"key": "sum-of", "type": "clause", "offset": [128, 134]}, {"key": "aggregate-amount", "type": "clause", "offset": [143, 159]}, {"key": "scheduled-payments", "type": "definition", "offset": [163, 181]}, {"key": "interest-portion", "type": "definition", "offset": [193, 209]}, {"key": "servicing-fee", "type": "definition", "offset": [237, 250]}, {"key": "due-period", "type": "clause", "offset": [268, 278]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [333, 354]}, {"key": "close-of-business", "type": "definition", "offset": [435, 452]}, {"key": "determination-date", "type": "definition", "offset": [468, 486]}, {"key": "with-respect-to", "type": "clause", "offset": [512, 527]}, {"key": "balloon-loan", "type": "definition", "offset": [532, 544]}, {"key": "maturity-date", "type": "definition", "offset": [571, 584]}, {"key": "applicable-servicer", "type": "definition", "offset": [590, 609]}, {"key": "to-advance", "type": "definition", "offset": [631, 641]}, {"key": "principal-portion", "type": "clause", "offset": [646, 663]}, {"key": "balloon-payment", "type": "clause", "offset": [679, 694]}, {"key": "in-accordance-with", "type": "definition", "offset": [749, 767]}, {"key": "equal-to", "type": "definition", "offset": [836, 844]}, {"key": "scheduled-interest", "type": "clause", "offset": [857, 875]}, {"key": "based-on", "type": "definition", "offset": [904, 912]}, {"key": "amortization-schedule", "type": "clause", "offset": [926, 947]}, {"key": "with-interest", "type": "definition", "offset": [971, 984]}, {"key": "adjusted-net-mortgage-rate", "type": "clause", "offset": [992, 1018]}, {"key": "reo-property", "type": "definition", "offset": [1053, 1065]}, {"key": "prior-to-the", "type": "clause", "offset": [1135, 1147]}, {"key": "prepayment-period", "type": "definition", "offset": [1156, 1173]}, {"key": "reo-disposition", "type": "definition", "offset": [1211, 1226]}, {"key": "the-excess", "type": "clause", "offset": [1298, 1308]}, {"key": "due-date", "type": "definition", "offset": [1454, 1462]}, {"key": "net-income", "type": "definition", "offset": [1514, 1524]}, {"key": "property-transferred", "type": "clause", "offset": [1539, 1559]}, {"key": "collection-account", "type": "clause", "offset": [1575, 1593]}, {"key": "for-distribution", "type": "clause", "offset": [1594, 1610]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1694, 1721]}, {"key": "to-the-trustee", "type": "clause", "offset": [1722, 1736]}, {"key": "reo-properties", "type": "definition", "offset": [1850, 1864]}, {"key": "own-funds", "type": "clause", "offset": [1943, 1952]}, {"key": "to-the-extent", "type": "clause", "offset": [1998, 2011]}, {"key": "an-appropriate", "type": "clause", "offset": [2110, 2124]}, {"key": "the-records", "type": "clause", "offset": [2134, 2145]}, {"key": "amounts-held-for-future-distribution", "type": "definition", "offset": [2185, 2221]}, {"key": "form-of", "type": "definition", "offset": [2344, 2351]}, {"key": "total-amount", "type": "definition", "offset": [2400, 2412]}, {"key": "the-obligation", "type": "clause", "offset": [2769, 2783]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [2861, 2894]}, {"key": "final-recovery-determination", "type": "definition", "offset": [3010, 3038]}, {"key": "in-connection", "type": "clause", "offset": [3039, 3052]}, {"key": "coverage-under", "type": "clause", "offset": [3091, 3105]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [3122, 3150]}, {"key": "nonrecoverable-pi-advance", "type": "definition", "offset": [3382, 3408]}, {"key": "nonrecoverable-servicing-advance", "type": "definition", "offset": [3412, 3444]}, {"key": "the-determination", "type": "clause", "offset": [3446, 3463]}, {"key": "an-officer", "type": "clause", "offset": [3749, 3759]}, {"key": "certificate-of", "type": "definition", "offset": [3762, 3776]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3917, 3936]}, {"key": "servicing-advances", "type": "definition", "offset": [3946, 3964]}, {"key": "liquidation-proceeds", "type": "clause", "offset": [4020, 4040]}, {"key": "other-payments", "type": "clause", "offset": [4045, 4059]}, {"key": "insurance-proceeds-and-condemnation-proceeds", "type": "clause", "offset": [4085, 4129]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [4151, 4172]}], "snippet": "(a) The amount of P&I Advances to be made by each Servicer for any Remittance Date shall equal, subject to Section 4.01(c), the sum of (i) the aggregate amount of Scheduled Payments (with each interest portion thereof net of the related Servicing Fee), due during the Due Period immediately preceding such Remittance Date in respect of the Mortgage Loans serviced by such Servicer, which Scheduled Payments were not received as of the close of business on the related Determination Date (provided, however, that with respect to any Balloon Loan that is delinquent on its maturity date, the applicable Servicer will not be required to advance the principal portion of the related balloon payment but will be required to continue to make P&I Advances in accordance with this Section 4.01(a) with respect to such Balloon Loan in an amount equal to the assumed scheduled interest that would otherwise be due based on the original amortization schedule for such Balloon Loan (with interest at the Adjusted Net Mortgage Rate)), plus (ii) with respect to each REO Property serviced by such Servicer, which REO Property was acquired during or prior to the related Prepayment Period and as to which such REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the excess, if any, of the Scheduled Payments (with each interest portion thereof net of the related Servicing Fee) that would have been due on the related Due Date in respect of the related Mortgage Loans, over the net income from such REO Property transferred to the related Collection Account for distribution on such Remittance Date.\n(b) On each Remittance Date, each Servicer shall remit in immediately available funds to the Trustee an amount equal to the aggregate amount of P&I Advances, if any, to be made in respect of the Mortgage Loans and REO Properties serviced by such Servicer for the related Remittance Date either (i) from its own funds or (ii) from the related Collection Account, to the extent of funds held therein for future distribution (in which case, such Servicer will cause to be made an appropriate entry in the records of the related Collection Account that Amounts Held for Future Distribution have been, as permitted by this Section 4.01, used by such Servicer in discharge of any such P&I Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of P&I Advances to be made by such Servicer with respect to such Mortgage Loans and REO Properties. Any Amounts Held for Future Distribution and so used shall be appropriately reflected in such Servicer's records and replaced by such Servicer by deposit in the related Collection Account on or before any future Remittance Date to the extent required.\n(c) The obligation of each Servicer to make such P&I Advances is mandatory, notwithstanding any other provision of this Agreement but subject to paragraph (d) below, and, with respect to any Mortgage Loan or REO Property, shall continue until a Final Recovery Determination in connection therewith or the removal thereof from coverage under this Agreement, except as otherwise provided in this Section.\n(d) Notwithstanding anything herein to the contrary, no P&I Advance or Servicing Advance shall be required to be made hereunder by any Servicer if such P&I Advance or Servicing Advance would, if made, constitute a Nonrecoverable P&I Advance or Nonrecoverable Servicing Advance. The determination by any Servicer that it has made a Nonrecoverable P&I Advance or a Nonrecoverable Servicing Advance or that any proposed P&I Advance or Servicing Advance, if made, would constitute a Nonrecoverable P&I Advance or a Nonrecoverable Servicing Advance, respectively, shall be evidenced by an Officer's Certificate of such Servicer delivered to the Trustee.\n(e) Except as otherwise provided herein, the applicable Servicer shall be entitled to reimbursement pursuant to Section 3.11 for Servicing Advances from recoveries from the related Mortgagor or from all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and Condemnation Proceeds) with respect to the related Mortgage Loan.", "hash": "92817bb28463d6f4f80bba3218483367", "id": 5}, {"samples": [{"hash": "mu2dy8jfSg", "uri": "/contracts/mu2dy8jfSg#advances", "label": "Pooling and Servicing Agreement (Chase Funding Trust, Series 2004-2)", "score": 18.0, "published": true}, {"hash": "kQuAbNwb47D", "uri": "/contracts/kQuAbNwb47D#advances", "label": "Pooling and Servicing Agreement (Chase Funding Inc)", "score": 18.0, "published": true}, {"hash": "iOQHWdEI4Uo", "uri": "/contracts/iOQHWdEI4Uo#advances", "label": "Pooling and Servicing Agreement (Chase Funding Inc)", "score": 18.0, "published": true}], "size": 406, "snippet_links": [{"key": "article-iv", "type": "clause", "offset": [34, 44]}, {"key": "required-below", "type": "clause", "offset": [63, 77]}, {"key": "the-collection-account", "type": "clause", "offset": [129, 151]}, {"key": "account-no", "type": "definition", "offset": [207, 217]}, {"key": "pacific-standard-time", "type": "clause", "offset": [239, 260]}, {"key": "servicer-advance-date", "type": "definition", "offset": [268, 289]}, {"key": "immediately-available-funds", "type": "definition", "offset": [293, 320]}, {"key": "to-the-extent", "type": "clause", "offset": [384, 397]}, {"key": "a-non", "type": "clause", "offset": [429, 434]}, {"key": "a-proposed", "type": "clause", "offset": [545, 555]}, {"key": "to-the-trustee", "type": "clause", "offset": [675, 689]}, {"key": "the-paying-agent", "type": "definition", "offset": [693, 709]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [710, 728]}, {"key": "remaining-portion", "type": "definition", "offset": [775, 792]}, {"key": "if-applicable", "type": "definition", "offset": [810, 823]}, {"key": "the-depositor", "type": "definition", "offset": [837, 850]}, {"key": "rating-agency", "type": "definition", "offset": [857, 870]}, {"key": "an-officer", "type": "clause", "offset": [907, 917]}, {"key": "the-basis", "type": "clause", "offset": [946, 955]}, {"key": "such-determination", "type": "definition", "offset": [960, 978]}, {"key": "sole-discretion", "type": "clause", "offset": [1005, 1020]}, {"key": "with-respect-to", "type": "clause", "offset": [1038, 1053]}, {"key": "principal-portion", "type": "clause", "offset": [1058, 1075]}, {"key": "final-scheduled-payment", "type": "definition", "offset": [1083, 1106]}, {"key": "balloon-loan", "type": "definition", "offset": [1112, 1124]}, {"key": "no-obligation-to", "type": "clause", "offset": [1152, 1168]}, {"key": "to-advance", "type": "definition", "offset": [1288, 1298]}, {"key": "interest-portion", "type": "definition", "offset": [1303, 1319]}, {"key": "good-faith-judgment", "type": "definition", "offset": [1585, 1604]}, {"key": "full-month", "type": "clause", "offset": [1669, 1679]}, {"key": "servicing-fee", "type": "definition", "offset": [1704, 1717]}, {"key": "stated-principal-balance", "type": "definition", "offset": [1726, 1750]}, {"key": "to-zero", "type": "definition", "offset": [1816, 1823]}, {"key": "in-lieu-of", "type": "clause", "offset": [1825, 1835]}, {"key": "a-portion", "type": "definition", "offset": [1850, 1859]}, {"key": "own-funds", "type": "clause", "offset": [1885, 1894]}, {"key": "an-appropriate", "type": "clause", "offset": [1934, 1948]}, {"key": "relating-to", "type": "definition", "offset": [1970, 1981]}, {"key": "amount-held-for-future-distribution", "type": "definition", "offset": [2014, 2049]}, {"key": "by-the-servicer", "type": "clause", "offset": [2064, 2079]}, {"key": "the-distribution-account", "type": "clause", "offset": [2196, 2220]}, {"key": "close-of-business", "type": "definition", "offset": [2348, 2365]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [2446, 2472]}, {"key": "all-advances", "type": "clause", "offset": [2554, 2566]}, {"key": "made-pursuant-to", "type": "clause", "offset": [2584, 2600]}, {"key": "obligation-to-make-advances", "type": "clause", "offset": [2647, 2674]}, {"key": "loan-shall", "type": "definition", "offset": [2704, 2714]}, {"key": "mortgage-loan-is", "type": "definition", "offset": [2735, 2751]}, {"key": "paid-in-full", "type": "definition", "offset": [2752, 2764]}, {"key": "mortgaged-property", "type": "clause", "offset": [2780, 2798]}, {"key": "allocated-to", "type": "definition", "offset": [2809, 2821]}, {"key": "dwelling-unit", "type": "definition", "offset": [2824, 2837]}, {"key": "in-the-case", "type": "clause", "offset": [2839, 2850]}, {"key": "property-has", "type": "definition", "offset": [2881, 2893]}, {"key": "the-purchase", "type": "clause", "offset": [2919, 2931]}, {"key": "the-trust-fund", "type": "clause", "offset": [2986, 3000]}, {"key": "provision-of", "type": "clause", "offset": [3028, 3040]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [3057, 3085]}], "snippet": "Subject to the conditions of this Article IV, the Servicer, as required below, shall make an Advance and deposit such Advance in the Collection Account. Each such Advance shall be remitted to the Collection Account no later than 1:00 p.m. Pacific Standard time on the Servicer Advance Date in immediately available funds. The Servicer shall be obligated to make any such Advance only to the extent that such advance would not be a Non-Recoverable Advance. If the Servicer shall have determined that it has made a Non-Recoverable Advance or that a proposed Advance or a lesser portion of such Advance would constitute a Non-Recoverable Advance, the Servicer shall deliver (i) to the Trustee or the Paying Agent for the benefit of the Certificateholders funds constituting the remaining portion of such Advance, if applicable, and (ii) to the Depositor, each Rating Agency and the Trustee or the Paying Agent an Officer's Certificate setting forth the basis for such determination. The Servicer may, in its sole discretion, make an Advance with respect to the principal portion of the final Scheduled Payment on a Balloon Loan, but the Servicer is under no obligation to do so; provided, however, that nothing in this sentence shall affect the Servicer's obligation under this Section 4.01 to Advance the interest portion of the final Scheduled Payment with respect to a Balloon Loan as if such Balloon Loan were a fully amortizing Mortgage Loan. If a Mortgagor does not pay its final Scheduled Payment on a Balloon Loan when due, the Servicer shall Advance (unless it determines in its good faith judgment that such amounts would constitute a Non-Recoverable Advance) a full month of interest (net of the Servicing Fee) on the Stated Principal Balance thereof each month until its Stated Principal Balance is reduced to zero. In lieu of making all or a portion of such Advance from its own funds, the Servicer may (i) cause to be made an appropriate entry in its records relating to the Collection Account that any Amount Held for Future Distribution has been used by the Servicer in discharge of its obligation to make any such Advance and (ii) transfer such funds from the Collection Account to the Distribution Account. Any funds so applied and transferred shall be replaced by the Servicer by deposit in the Collection Account no later than the close of business on the Servicer Advance Date on which such funds are required to be distributed pursuant to this Agreement. The Servicer shall be entitled to be reimbursed from the Collection Account for all Advances of its own funds made pursuant to this Section as provided in Section 3.08. The obligation to make Advances with respect to any Mortgage Loan shall continue until such Mortgage Loan is paid in full or the related Mortgaged Property (or stock allocated to a dwelling unit, in the case of Co-op Loan) or related REO Property has been liquidated or until the purchase or repurchase thereof (or substitution therefor) from the Trust Fund pursuant to any applicable provision of this Agreement, except as otherwise provided in this Section 4.01.", "hash": "5b857d88e0b0b96c15b5e04c05a5de99", "id": 3}, {"samples": [{"hash": "uXmFJvzS9i", "uri": "/contracts/uXmFJvzS9i#advances", "label": "Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-D)", "score": 18.0, "published": true}, {"hash": "lq6qogn25Ns", "uri": "/contracts/lq6qogn25Ns#advances", "label": "Pooling and Servicing Agreement (Bank of America Mortgage Sec Inc Mort Ps THR CRT Ser 2002-10)", "score": 18.0, "published": true}, {"hash": "loeQMBlaoG8", "uri": "/contracts/loeQMBlaoG8#advances", "label": "Pooling and Servicing Agreement (Banc of America Mort Sec Inc Mort Pass THR Certs Ser 2003 10)", "score": 18.0, "published": true}], "size": 332, "snippet_links": [{"key": "servicer-advance-date", "type": "definition", "offset": [47, 68]}, {"key": "the-definition", "type": "definition", "offset": [131, 145]}, {"key": "servicer-custodial-account", "type": "definition", "offset": [303, 329]}, {"key": "equal-to", "type": "definition", "offset": [340, 348]}, {"key": "the-advance", "type": "clause", "offset": [349, 360]}, {"key": "an-appropriate", "type": "clause", "offset": [377, 391]}, {"key": "relating-to", "type": "definition", "offset": [413, 424]}, {"key": "amount-held-for-future-distribution", "type": "definition", "offset": [480, 515]}, {"key": "with-respect-to", "type": "clause", "offset": [516, 531]}, {"key": "loan-group", "type": "clause", "offset": [534, 544]}, {"key": "by-the-servicer", "type": "clause", "offset": [593, 608]}, {"key": "obligation-to", "type": "clause", "offset": [629, 642]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [677, 692]}, {"key": "account-no", "type": "definition", "offset": [805, 815]}, {"key": "close-of-business", "type": "definition", "offset": [831, 848]}, {"key": "business-day", "type": "clause", "offset": [856, 868]}, {"key": "all-advances", "type": "clause", "offset": [999, 1011]}, {"key": "own-funds", "type": "clause", "offset": [1019, 1028]}, {"key": "made-pursuant-to", "type": "clause", "offset": [1029, 1045]}, {"key": "the-obligation", "type": "clause", "offset": [1096, 1110]}, {"key": "periodic-advances", "type": "clause", "offset": [1119, 1136]}, {"key": "loan-shall", "type": "definition", "offset": [1166, 1176]}, {"key": "disposition-of", "type": "clause", "offset": [1205, 1219]}, {"key": "reo-property", "type": "definition", "offset": [1224, 1236]}, {"key": "mortgaged-property", "type": "clause", "offset": [1240, 1258]}, {"key": "such-mortgage-loan", "type": "definition", "offset": [1271, 1289]}, {"key": "each-loan", "type": "clause", "offset": [1410, 1419]}, {"key": "date-no", "type": "clause", "offset": [1451, 1458]}, {"key": "remittance-date", "type": "definition", "offset": [1482, 1497]}, {"key": "to-the-trustee", "type": "clause", "offset": [1526, 1540]}, {"key": "an-officer", "type": "clause", "offset": [1578, 1588]}, {"key": "certificate-of", "type": "definition", "offset": [1591, 1605]}, {"key": "servicing-officer", "type": "definition", "offset": [1608, 1625]}, {"key": "nonrecoverable-advance", "type": "definition", "offset": [1716, 1738]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1740, 1780]}, {"key": "servicing-advance", "type": "definition", "offset": [1849, 1866]}], "snippet": "The Servicer shall determine on or before each Servicer Advance Date whether it is required to make a Periodic Advance pursuant to the definition thereof. If the Servicer determines it is required to make a Periodic Advance, it shall, on or before the Servicer Advance Date, either (a) deposit into the Servicer Custodial Account an amount equal to the Advance and/or (b) make an appropriate entry in its records relating to the Servicer Custodial Account that any portion of the Amount Held for Future Distribution with respect to a Loan Group in the Servicer Custodial Account has been used by the Servicer in discharge of its obligation to make any such Periodic Advance on a Mortgage Loan in such Loan Group. Any funds so applied shall be replaced by the Servicer by deposit in the Servicer Custodial Account no later than the close of business on the Business Day preceding the next Servicer Advance Date. The Servicer shall be entitled to be reimbursed from the Servicer Custodial Account for all Advances of its own funds made pursuant to this Section 3.20 as provided in Section 3.11(a). The obligation to make Periodic Advances with respect to any Mortgage Loan shall continue until the ultimate disposition of the REO Property or Mortgaged Property relating to such Mortgage Loan. The Servicer shall inform the Trustee of the amount of the Periodic Advance to be made by the Servicer with respect to each Loan Group on each Servicer Advance Date no later than the related Remittance Date. The Servicer shall deliver to the Trustee on the related Servicer Advance Date an Officer's Certificate of a Servicing Officer indicating the amount of any proposed Periodic Advance determined by the Servicer to be a Nonrecoverable Advance. Notwithstanding anything to the contrary, the Servicer shall not be required to make any Periodic Advance or Servicing Advance that would be a Nonrecoverable Advance.", "hash": "8928590105e4266edb574c524e370a74", "id": 4}, {"samples": [{"hash": "dyF19rlvAKF", "uri": "/contracts/dyF19rlvAKF#advances", "label": "Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2026-1)", "score": 37.3641357422, "published": true}, {"hash": "cydgjOkR0lo", "uri": "/contracts/cydgjOkR0lo#advances", "label": "Sale and Servicing Agreement (Mercedes-Benz Retail Receivables LLC)", "score": 36.7453804016, "published": true}, {"hash": "1BmpUWeDGK4", "uri": "/contracts/1BmpUWeDGK4#advances", "label": "Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2025-1)", "score": 36.0718688965, "published": true}], "size": 311, "snippet_links": [{"key": "collection-period", "type": "definition", "offset": [29, 46]}, {"key": "payments-received", "type": "clause", "offset": [52, 69]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [100, 118]}, {"key": "an-obligor", "type": "clause", "offset": [119, 129]}, {"key": "in-respect-of", "type": "definition", "offset": [130, 143]}, {"key": "purchased-receivable", "type": "definition", "offset": [171, 191]}, {"key": "monthly-payment", "type": "clause", "offset": [224, 239]}, {"key": "granted-to", "type": "clause", "offset": [278, 288]}, {"key": "the-option", "type": "clause", "offset": [324, 334]}, {"key": "equal-to", "type": "definition", "offset": [362, 370]}, {"key": "the-product", "type": "definition", "offset": [371, 382]}, {"key": "principal-balance", "type": "clause", "offset": [390, 407]}, {"key": "day-of", "type": "clause", "offset": [443, 449]}, {"key": "amount-of-interest", "type": "definition", "offset": [517, 535]}, {"key": "received-on", "type": "clause", "offset": [545, 556]}, {"key": "by-the-servicer", "type": "clause", "offset": [641, 656]}, {"key": "the-collection-account", "type": "clause", "offset": [662, 684]}, {"key": "deposit-date", "type": "definition", "offset": [700, 712]}, {"key": "negative-amount", "type": "clause", "offset": [817, 832]}, {"key": "outstanding-advances", "type": "clause", "offset": [887, 907]}, {"key": "in-addition", "type": "clause", "offset": [909, 920]}, {"key": "in-the-event", "type": "clause", "offset": [922, 934]}, {"key": "defaulted-receivable", "type": "clause", "offset": [963, 983]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [999, 1026]}, {"key": "interest-for", "type": "definition", "offset": [1054, 1066]}, {"key": "the-current", "type": "clause", "offset": [1067, 1078]}, {"key": "no-advances", "type": "clause", "offset": [1260, 1271]}, {"key": "with-respect-to", "type": "clause", "offset": [1285, 1300]}, {"key": "to-the-extent", "type": "clause", "offset": [1393, 1406]}, {"key": "sole-discretion", "type": "clause", "offset": [1433, 1448]}, {"key": "is-likely", "type": "definition", "offset": [1484, 1493]}, {"key": "nonrecoverable-advance", "type": "definition", "offset": [1506, 1528]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1550, 1575]}, {"key": "payments-made-by", "type": "clause", "offset": [1786, 1802]}, {"key": "related-obligor", "type": "definition", "offset": [1823, 1838]}, {"key": "net-liquidation-proceeds", "type": "definition", "offset": [1845, 1869]}, {"key": "purchase-amount", "type": "clause", "offset": [1899, 1914]}, {"key": "received-by", "type": "definition", "offset": [2064, 2075]}, {"key": "the-receivables", "type": "clause", "offset": [2109, 2124]}, {"key": "in-connection-with", "type": "clause", "offset": [2202, 2220]}, {"key": "sale-of", "type": "clause", "offset": [2242, 2249]}, {"key": "financed-vehicle", "type": "clause", "offset": [2252, 2268]}, {"key": "related-receivable", "type": "definition", "offset": [2289, 2307]}, {"key": "withholding-of", "type": "clause", "offset": [2402, 2416]}, {"key": "furnish-to", "type": "clause", "offset": [2487, 2497]}, {"key": "the-trustees", "type": "clause", "offset": [2498, 2510]}, {"key": "certificate-of", "type": "definition", "offset": [2513, 2527]}, {"key": "servicing-officer", "type": "definition", "offset": [2530, 2547]}, {"key": "the-basis", "type": "clause", "offset": [2562, 2571]}, {"key": "other-proceeds", "type": "clause", "offset": [2735, 2749]}], "snippet": "(a) If, as of the end of any Collection Period, the payments received during such Collection Period by or on behalf of an Obligor in respect of a Receivable (other than a Purchased Receivable) shall be less than the related Monthly Payment, whether as a result of any extension granted to the Obligor or otherwise, then, at the option of the Servicer, an amount equal to the product of the Principal Balance of such Receivable as of the first day of the related Collection Period and one-twelfth of its APR minus the amount of interest actually received on such Receivable during such Collection Period (each, an \u201cAdvance\u201d) may be deposited by the Servicer into the Collection Account on the related Deposit Date. If such a calculation in respect of a Receivable results in a negative number, an amount equal to such negative amount shall be paid to the Servicer in reimbursement of any outstanding Advances. In addition, in the event that a Receivable becomes a Defaulted Receivable, the amount of accrued and unpaid interest thereon (but not including interest for the current Collection Period) shall, up to the amount of outstanding Advances, be withdrawn from the Collection Account and paid to the Servicer in reimbursement of such outstanding Advances. No Advances will be made with respect to the Principal Balance of Receivables. The Servicer shall not be required to make an Advance to the extent that the Servicer, in its sole discretion, shall determine that such Advance is likely to become a Nonrecoverable Advance.\n(b) Notwithstanding the provisions of Section 4.06(a), the Servicer shall be entitled to reimbursement for an outstanding Advance made in respect of a Receivable, without interest, from the following sources with respect to such Receivable: (i) subsequent payments made by or on behalf of the related Obligor, (ii) Net Liquidation Proceeds and Recoveries and (iii) the Purchase Amount. If the Servicer determines that it has made a Nonrecoverable Advance, the Servicer shall reimburse itself, without interest, from unrelated amounts received by the Servicer on or in respect of the Receivables (including Net Liquidation Proceeds and all amounts received by the Servicer in connection with the repossession and sale of a Financed Vehicle (whether or not the related Receivable has been classified as a Defaulted Receivable)) to the extent it shall, concurrently with the withholding of any such amounts from deposit in or credit to the Collection Account, furnish to the Trustees a certificate of a Servicing Officer setting forth the basis for the Servicer\u2019s determination, the amount of, and Receivable with respect to which, such Nonrecoverable Advance was made and the installment or installments or other proceeds respecting which such reimbursement has been taken.", "hash": "70612ddb0d9d5531a9102439c1a6fa8e", "id": 6}, {"samples": [{"hash": "5ojs4mmXbdu", "uri": "/contracts/5ojs4mmXbdu#advances", "label": "Standby Equity Distribution Agreement", "score": 31.3408622742, "published": true}, {"hash": "9tUQK6VWMxW", "uri": "/contracts/9tUQK6VWMxW#advances", "label": "Committed Equity Facility Agreement (Solar Wind Energy Tower, Inc.)", "score": 24.6741962433, "published": true}, {"hash": "7lscPCGGA2Y", "uri": "/contracts/7lscPCGGA2Y#advances", "label": "Committed Equity Facility Agreement (Solar Wind Energy Tower, Inc.)", "score": 24.6002731323, "published": true}], "size": 290, "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [5, 29]}, {"key": "without-limitation", "type": "clause", "offset": [59, 77]}, {"key": "article-vii", "type": "clause", "offset": [97, 108]}, {"key": "advance-notice-date", "type": "definition", "offset": [125, 144]}, {"key": "the-company", "type": "definition", "offset": [145, 156]}, {"key": "by-the-investor", "type": "clause", "offset": [180, 195]}, {"key": "delivery-of", "type": "clause", "offset": [203, 214]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [238, 270]}, {"key": "each-advance", "type": "clause", "offset": [307, 319]}, {"key": "the-advance", "type": "clause", "offset": [366, 377]}, {"key": "the-purchase-price", "type": "clause", "offset": [381, 399]}, {"key": "no-fractional-shares", "type": "clause", "offset": [401, 421]}, {"key": "rounded-to", "type": "clause", "offset": [466, 476]}, {"key": "whole-number", "type": "definition", "offset": [493, 505]}, {"key": "aggregate-maximum-amount", "type": "definition", "offset": [521, 545]}, {"key": "all-advances", "type": "clause", "offset": [549, 561]}, {"key": "this-agreement", "type": "clause", "offset": [613, 627]}, {"key": "the-commitment-amount", "type": "clause", "offset": [645, 666]}], "snippet": "Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII hereof), on any Advance Notice Date the Company may request an Advance by the Investor by the delivery of an Advance Notice. The number of shares of Common Stock that the Investor shall receive for each Advance shall be determined by dividing the amount of the Advance by the Purchase Price. No fractional shares shall be issued. Fractional shares shall be rounded to the next higher whole number of shares. The aggregate maximum amount of all Advances that the Investor shall be obligated to make under this Agreement shall not exceed the Commitment Amount.", "hash": "fcf446cb4045bcea6b5e0096563da847", "id": 7}, {"samples": [{"hash": "h3k97UgKZ53", "uri": "/contracts/h3k97UgKZ53#advances", "label": "Credit Agreement (Viskase Holdings, Inc.)", "score": 37.3011627197, "published": true}, {"hash": "kP17CtIFFFS", "uri": "/contracts/kP17CtIFFFS#advances", "label": "Credit Agreement (Enzon Pharmaceuticals, Inc.)", "score": 36.9644088745, "published": true}, {"hash": "f2JyBLO5dTT", "uri": "/contracts/f2JyBLO5dTT#advances", "label": "Credit Agreement (Corsair Gaming, Inc.)", "score": 35.847366333, "published": true}], "size": 182, "snippet_links": [{"key": "loan-notice", "type": "definition", "offset": [23, 34]}, {"key": "a-facility", "type": "definition", "offset": [39, 49]}, {"key": "agent-shall", "type": "definition", "offset": [70, 81]}, {"key": "promptly-notify", "type": "definition", "offset": [82, 97]}, {"key": "appropriate-lender", "type": "definition", "offset": [103, 121]}, {"key": "applicable-percentage", "type": "clause", "offset": [143, 164]}, {"key": "applicable-loans", "type": "definition", "offset": [192, 208]}, {"key": "notice-of-a", "type": "clause", "offset": [227, 238]}, {"key": "conversion-or-continuation", "type": "clause", "offset": [239, 265]}, {"key": "by-the-borrower", "type": "clause", "offset": [278, 293]}, {"key": "details-of", "type": "clause", "offset": [364, 374]}, {"key": "automatic-conversion-to-base-rate-loans", "type": "clause", "offset": [379, 418]}, {"key": "in-the-case", "type": "clause", "offset": [449, 460]}, {"key": "a-borrowing", "type": "definition", "offset": [464, 475]}, {"key": "available-to", "type": "definition", "offset": [535, 547]}, {"key": "immediately-available-funds", "type": "definition", "offset": [576, 603]}, {"key": "business-day", "type": "clause", "offset": [673, 685]}, {"key": "satisfaction-of", "type": "clause", "offset": [732, 747]}, {"key": "applicable-conditions", "type": "definition", "offset": [752, 773]}, {"key": "initial-credit-extension", "type": "clause", "offset": [831, 855]}, {"key": "all-funds", "type": "clause", "offset": [908, 917]}, {"key": "to-the-borrower", "type": "definition", "offset": [940, 955]}, {"key": "received-by", "type": "definition", "offset": [973, 984]}, {"key": "the-account", "type": "clause", "offset": [1034, 1045]}, {"key": "of-the-borrower", "type": "clause", "offset": [1046, 1061]}, {"key": "bank-of-america", "type": "definition", "offset": [1078, 1093]}, {"key": "transfer-of", "type": "definition", "offset": [1137, 1148]}, {"key": "each-case", "type": "definition", "offset": [1164, 1173]}, {"key": "in-accordance-with", "type": "definition", "offset": [1174, 1192]}, {"key": "administrative-agent-by", "type": "definition", "offset": [1253, 1276]}, {"key": "with-respect-to", "type": "clause", "offset": [1345, 1360]}, {"key": "revolving-borrowing", "type": "definition", "offset": [1363, 1382]}, {"key": "borrowings-outstanding", "type": "clause", "offset": [1423, 1445]}, {"key": "payment-in-full", "type": "definition", "offset": [1525, 1540]}, {"key": "made-available", "type": "clause", "offset": [1590, 1604]}], "snippet": "Following receipt of a Loan Notice for a Facility, the Administrative Agent shall promptly notify each Appropriate Lender of the amount of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion to Base Rate Loans described in Section 2.02(a). In the case of a Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent\u2019s Office not later than 1:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date a Loan Notice with respect to a Revolving Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above.", "hash": "0a5081dfbd2c6819241fa8a8de552994", "id": 9}, {"samples": [{"hash": "2f85u0KfBWC", "uri": "/contracts/2f85u0KfBWC#advances", "label": "Custodian Agreement (Vanguard Explorer Fund)", "score": 21.6112251282, "published": true}, {"hash": "bmuAXQ1aAXt", "uri": "/contracts/bmuAXQ1aAXt#advances", "label": "Custodian Agreement (Vanguard Whitehall Funds)", "score": 19.1416835785, "published": true}, {"hash": "3PswmxzNLiI", "uri": "/contracts/3PswmxzNLiI#advances", "label": "Custodian Agreement (Vanguard Fenway Funds)", "score": 18.0711841583, "published": true}], "size": 261, "snippet_links": [{"key": "for-any-reason", "type": "clause", "offset": [4, 18]}, {"key": "conduct-of", "type": "clause", "offset": [26, 36]}, {"key": "pursuant-to-section-5", "type": "clause", "offset": [60, 81]}, {"key": "administration-of-the-fund", "type": "clause", "offset": [96, 122]}, {"key": "pursuant-to-section-6", "type": "clause", "offset": [132, 153]}, {"key": "subcustodian-advances", "type": "clause", "offset": [183, 204]}, {"key": "agency-account", "type": "definition", "offset": [307, 321]}, {"key": "at-the-end-of", "type": "clause", "offset": [359, 372]}, {"key": "business-day", "type": "clause", "offset": [378, 390]}, {"key": "to-the-custodian", "type": "clause", "offset": [423, 439]}, {"key": "continuing-security-interest", "type": "clause", "offset": [442, 470]}, {"key": "certain-investments", "type": "clause", "offset": [474, 493]}, {"key": "mutually-agreed", "type": "clause", "offset": [498, 513]}, {"key": "from-time-to-time", "type": "clause", "offset": [514, 531]}, {"key": "such-security", "type": "definition", "offset": [563, 576]}, {"key": "the-custodian-may", "type": "clause", "offset": [673, 690]}, {"key": "applicable-law", "type": "definition", "offset": [780, 794]}, {"key": "notify-the", "type": "clause", "offset": [825, 835]}, {"key": "time-at-which", "type": "clause", "offset": [870, 883]}, {"key": "a-loan", "type": "definition", "offset": [944, 950]}, {"key": "payable-on-demand", "type": "clause", "offset": [951, 968]}, {"key": "the-rate", "type": "definition", "offset": [990, 998]}, {"key": "similar-loans", "type": "definition", "offset": [1039, 1052]}, {"key": "to-advance", "type": "definition", "offset": [1116, 1126]}, {"key": "to-the-fund", "type": "definition", "offset": [1134, 1145]}, {"key": "in-the-event", "type": "clause", "offset": [1151, 1163]}, {"key": "the-account", "type": "clause", "offset": [1245, 1256]}, {"key": "own-account-and-risk", "type": "clause", "offset": [1358, 1378]}, {"key": "any-other-person", "type": "definition", "offset": [1438, 1454]}, {"key": "granted-to", "type": "clause", "offset": [1492, 1502]}, {"key": "if-the-fund", "type": "definition", "offset": [1565, 1576]}, {"key": "to-repay", "type": "clause", "offset": [1588, 1596]}, {"key": "principal-balance", "type": "clause", "offset": [1610, 1627]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [1646, 1673]}, {"key": "the-case", "type": "definition", "offset": [1717, 1725]}, {"key": "available-cash-balance", "type": "definition", "offset": [1767, 1789]}, {"key": "applicable-series", "type": "definition", "offset": [1797, 1814]}, {"key": "principal-account", "type": "definition", "offset": [1825, 1842]}, {"key": "dispose-of", "type": "definition", "offset": [1850, 1860]}, {"key": "to-the-extent", "type": "clause", "offset": [1889, 1902]}, {"key": "payment-of", "type": "clause", "offset": [1924, 1934]}, {"key": "principal-of", "type": "definition", "offset": [1939, 1951]}, {"key": "interest-on", "type": "definition", "offset": [1957, 1968]}, {"key": "third-party", "type": "clause", "offset": [2066, 2077]}, {"key": "security-interest-in-investments", "type": "clause", "offset": [2083, 2115]}, {"key": "financial-assets", "type": "clause", "offset": [2152, 2168]}, {"key": "securities-accounts", "type": "clause", "offset": [2181, 2200]}, {"key": "benefits-of", "type": "clause", "offset": [2289, 2300]}, {"key": "secured-creditor", "type": "definition", "offset": [2303, 2319]}, {"key": "securities-intermediary", "type": "definition", "offset": [2330, 2353]}], "snippet": "If, for any reason in the conduct of its safekeeping duties pursuant to Section 5 hereof or its administration of the Fund's assets pursuant to Section 6 hereof, the Custodian or any Subcustodian advances monies to facilitate settlement or otherwise for benefit of the Fund (whether or not any Principal or Agency Account shall be overdrawn either during, or at the end of, any Business Day), Fund hereby does:\n7.6.1 grant to the Custodian a continuing security interest in certain Investments (as mutually agreed from time to time) as security for such Advance, such security interest to be effective only as long as such Advance remain outstanding; and,\n7.6.2 agree that the Custodian may secure the resulting Advance by perfecting a security interest in such Investments under Applicable Law. The Custodian shall promptly notify the Fund of any such Advances and the time at which such Advances must be repaid. Such Advances shall be deemed a loan payable on demand, bearing interest at the rate customarily charged by the Custodian on similar loans. Neither the Custodian nor any Subcustodian shall be obligated to advance monies to the Fund, and in the event that such Advance occurs, any transaction giving rise to an Advance shall be for the account and risk of the Fund and shall not be deemed to be a transaction undertaken by the Custodian for its own account and risk. If such Advance shall have been made by a Subcustodian or any other person, the Custodian may assign any rights granted to the Custodian hereunder to such Subcustodian or other person. If the Fund shall fail to repay when due the principal balance of an Advance and accrued and unpaid interest thereon, the Custodian or its assignee, as the case may be, shall be entitled to utilize the available cash balance in the applicable Series Agency or Principal Account and to dispose of any agreed upon Investments to the extent necessary to recover payment of all principal of, and interest on, such Advance in full. The Custodian may assign any rights it has hereunder to a Subcustodian or third party. Any security interest in Investments taken hereunder shall be treated as Financial Assets credited to Securities Accounts under Articles 8 and 9 of the UCC. Accordingly, the Custodian shall have the rights and benefits of a secured creditor that is a Securities Intermediary under such Articles 8 and 9.", "hash": "a2a31ec93566935b3006956ce08f92c5", "id": 8}, {"samples": [{"hash": "jy6KvwyHDtc", "uri": "/contracts/jy6KvwyHDtc#advances", "label": "Credit Agreement (Owens & Minor Inc/Va/)", "score": 26.5701580048, "published": true}], "size": 175, "snippet_links": [{"key": "no-bank", "type": "clause", "offset": [4, 11]}, {"key": "responsible-for", "type": "clause", "offset": [21, 36]}, {"key": "failure-or-delay", "type": "clause", "offset": [41, 57]}, {"key": "other-bank", "type": "definition", "offset": [65, 75]}, {"key": "obligation-to", "type": "clause", "offset": [83, 96]}, {"key": "ratable-share", "type": "definition", "offset": [106, 119]}, {"key": "a-borrowing", "type": "definition", "offset": [123, 134]}, {"key": "revolving-commitment-percentage", "type": "definition", "offset": [208, 239]}, {"key": "each-bank", "type": "clause", "offset": [243, 252]}, {"key": "defaulting-bank", "type": "definition", "offset": [267, 282]}, {"key": "bank-of", "type": "definition", "offset": [397, 404]}, {"key": "the-administrative-agent", "type": "definition", "offset": [482, 506]}, {"key": "prior-to-the", "type": "clause", "offset": [507, 519]}, {"key": "agent-hereunder", "type": "clause", "offset": [588, 603]}, {"key": "the-case", "type": "definition", "offset": [641, 649]}, {"key": "make-available", "type": "definition", "offset": [868, 882]}, {"key": "corresponding-amount", "type": "definition", "offset": [885, 905]}, {"key": "to-the-extent", "type": "clause", "offset": [945, 958]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1029, 1056]}, {"key": "the-borrowers", "type": "definition", "offset": [1071, 1084]}, {"key": "on-demand", "type": "clause", "offset": [1140, 1149]}, {"key": "available-to", "type": "definition", "offset": [1234, 1246]}, {"key": "with-interest", "type": "definition", "offset": [1298, 1311]}, {"key": "in-respect-of", "type": "definition", "offset": [1320, 1333]}, {"key": "available-by", "type": "definition", "offset": [1392, 1404]}, {"key": "same-day-funds", "type": "definition", "offset": [1508, 1522]}, {"key": "overnight-rate", "type": "clause", "offset": [1531, 1545]}, {"key": "from-time-to-time", "type": "clause", "offset": [1546, 1563]}, {"key": "in-effect", "type": "clause", "offset": [1564, 1573]}, {"key": "pay-to", "type": "definition", "offset": [1660, 1666]}, {"key": "period-from", "type": "definition", "offset": [1782, 1793]}, {"key": "compensation-period", "type": "definition", "offset": [1950, 1969]}, {"key": "per-annum", "type": "definition", "offset": [1982, 1991]}, {"key": "equal-to", "type": "definition", "offset": [1992, 2000]}, {"key": "the-borrower-representative", "type": "clause", "offset": [2203, 2230]}, {"key": "the-compensation", "type": "clause", "offset": [2336, 2352]}, {"key": "applicable-to", "type": "definition", "offset": [2410, 2423]}, {"key": "the-applicable", "type": "clause", "offset": [2424, 2438]}, {"key": "default-by", "type": "clause", "offset": [2667, 2677]}, {"key": "notice-of-the", "type": "clause", "offset": [2701, 2714]}, {"key": "with-respect-to", "type": "clause", "offset": [2748, 2763]}, {"key": "amount-owing", "type": "definition", "offset": [2768, 2780]}, {"key": "this-subsection", "type": "definition", "offset": [2787, 2802]}, {"key": "manifest-error", "type": "clause", "offset": [2835, 2849]}], "snippet": "(i) No Bank shall be responsible for the failure or delay by any other Bank in its obligation to make its ratable share of a borrowing hereunder, except for adjustments provided in Section 3.18(a)(iv) to the Revolving Commitment Percentage of each Bank that is not a Defaulting Bank; provided, however, that the failure of any Bank to fulfill its obligations hereunder shall not relieve any other Bank of its obligations hereunder.\n(ii) Unless any Borrower or any Bank has notified the Administrative Agent prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that such Borrower or such Bank, as the case may be, will not make such payment, the Administrative Agent may assume that such Borrower or such Bank, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:\n(A) if the Borrowers failed to make such payment, each Bank shall forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Bank in immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available by the Administrative Agent to such Bank to the date such amount is repaid to the Administrative Agent in Same Day Funds, at the Overnight Rate from time to time in effect; and (B) if any Bank failed to make such payment, such Bank shall forthwith on demand pay to the Administrative Agent the amount thereof in immediately available funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the Borrowers to the date such amount is recovered by the Administrative Agent (the \u201cCompensation Period\u201d) at a rate per annum equal to the Overnight Rate from time to time in effect. If such Bank does not pay such amount forthwith upon the Administrative Agent\u2019s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower Representative, and the Borrowers shall pay such amount to the Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Bank from its obligation to fulfill its Commitments or to prejudice any rights that the Administrative Agent or the Borrowers may have against any Bank as a result of any default by such Bank hereunder. A notice of the Administrative Agent to any Bank with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error.", "hash": "42b63946e2c1f625206140763474f454", "id": 10}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhFhZHZhbmNlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Advances", "size": 16002, "children": [["closings", "Closings"], ["advances", "Advances"], ["advance-notice", "Advance Notice"], ["date-of-delivery-of-advance-notice", "Date of Delivery of Advance Notice"], ["hardship", "Hardship"]], "parents": [["miscellaneous", "Miscellaneous"], ["advances", "Advances"], ["loan-and-terms-of-payment", "Loan and Terms of Payment"], ["revolving-loans", "Revolving Loans"], ["revolving-loan-borrowings", "Revolving Loan Borrowings"]], "id": "advances", "related": [["loans-and-advances", "Loans and Advances", "Loans and <strong>Advances</strong>"], ["advances-reimbursement-of-advances", "Advances; Reimbursement of Advances", "<strong>Advances</strong>; Reimbursement of <strong>Advances</strong>"], ["further-advances", "Further Advances", "Further <strong>Advances</strong>"], ["nonrecoverable-advances", "Nonrecoverable Advances", "Nonrecoverable <strong>Advances</strong>"], ["investments-loans-and-advances", "Investments, Loans and Advances", "Investments, Loans and <strong>Advances</strong>"]], "related_snippets": [], "updated": "2026-05-17T05:43:39+00:00", "also_ask": ["What key protections should be included to prevent misuse of advances?", "How can the timing and conditions for repayment of advances be strategically negotiated?", "What are the most common legal pitfalls or unenforceable terms in advance clauses?", "How do advance provisions differ across jurisdictions or industry standards?", "What evidence is essential to enforce an advance clause in court?"], "drafting_tip": null, "explanation": "The \"Advances\" clause defines the terms under which one party may provide funds to the other before goods or services are delivered or completed. Typically, this clause outlines the conditions for requesting and receiving advance payments, such as required documentation, timing, and any repayment or reconciliation obligations. Its core practical function is to ensure both parties understand the process and expectations for advance funding, thereby reducing disputes and clarifying financial arrangements in the contract."}, "json": true, "cursor": ""}}