{"component": "clause", "props": {"groups": [{"samples": [{"hash": "l0tkSy5Gymo", "uri": "/contracts/l0tkSy5Gymo#auction-process", "label": "Pooling and Servicing Agreement (Greenpoint Credit Man Housing Cont Tr Pas THR Cert Ser 01 1)", "score": 18.0, "published": true}, {"hash": "8cCMipkaynR", "uri": "/contracts/8cCMipkaynR#auction-process", "label": "Pooling and Servicing Agreement (Greenpoint Financial Corp)", "score": 18.0, "published": true}, {"hash": "7zVm53xmCFs", "uri": "/contracts/7zVm53xmCFs#auction-process", "label": "Pooling and Servicing Agreement (Greenpoint Credit LLC)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-advisor", "type": "definition", "offset": [4, 15]}, {"key": "owner-will", "type": "clause", "offset": [53, 63]}, {"key": "the-auction", "type": "clause", "offset": [85, 96]}, {"key": "the-servicer", "type": "clause", "offset": [137, 149]}, {"key": "termination-auction", "type": "definition", "offset": [185, 204]}], "size": 4, "snippet": "(a) The Advisor, any underwriter, or any Certificate Owner will be allowed to bid in the Auction, but will not be required to do so.\n(b) The Servicer will also be allowed to bid in the Termination Auction if it deems appropriate, but will not be required to do so.", "hash": "8771b6f3843c4ae2c82c4e99890116ff", "id": 4}, {"samples": [{"hash": "k4oQA6BTxVM", "uri": "/contracts/k4oQA6BTxVM#auction-process", "label": "Pooling and Servicing Agreement (Mellon Residential Funding Corp)", "score": 18.0, "published": true}, {"hash": "fcIsiiJdCbP", "uri": "/contracts/fcIsiiJdCbP#auction-process", "label": "Pooling and Servicing Agreement (Mellon Residential Funding Corp Home Eq Instal Loan Tru 99-1)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-the-trustee", "type": "clause", "offset": [55, 69]}, {"key": "the-auction", "type": "clause", "offset": [97, 108]}, {"key": "auction-date", "type": "definition", "offset": [155, 167]}, {"key": "by-the-trustee", "type": "clause", "offset": [241, 255]}, {"key": "qualified-bidders", "type": "clause", "offset": [291, 308]}], "size": 2, "snippet": "a. J.P. \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587urities Inc., in its role as advisor to the Trustee, will be allowed to bid in the auction, but will not be required to do so.\nb. On the Auction Date, all bids will be due by facsimile to such office as shall be designated by the Trustee by 1:00 p.m. EST; with the winning Qualified Bidders to be notified by 3:00 p.m.", "hash": "daac3cc8cff5d916fb1a7561e48a7cc3", "id": 9}, {"samples": [{"hash": "6e76nEbZ7QX", "uri": "/contracts/6e76nEbZ7QX#auction-process", "label": "Purchase Agreement (Magellan Midstream Holdings Lp)", "score": 21.0, "published": true}, {"hash": "k3SXLBlX0GU", "uri": "/contracts/k3SXLBlX0GU#auction-process", "label": "Purchase Agreement (Williams Companies Inc)", "score": 18.0, "published": true}, {"hash": "iYcK1lpQFyP", "uri": "/contracts/iYcK1lpQFyP#auction-process", "label": "Purchase Agreement (Williams Companies Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-selling-parties", "type": "clause", "offset": [0, 19]}, {"key": "this-agreement", "type": "clause", "offset": [52, 66]}, {"key": "other-transaction-documents", "type": "definition", "offset": [75, 102]}, {"key": "best-offer", "type": "definition", "offset": [317, 327]}, {"key": "the-securities", "type": "definition", "offset": [332, 346]}, {"key": "the-successful-bidder", "type": "definition", "offset": [381, 402]}, {"key": "in-accordance-with", "type": "definition", "offset": [403, 421]}, {"key": "bidding-procedures", "type": "clause", "offset": [426, 444]}], "size": 3, "snippet": "The Selling Parties and Parent acknowledge that (i) this Agreement and the other Transaction Documents are the culmination of an extensive auction process, fair in substance and procedure, undertaken by the Selling Parties and Parent to identify and negotiate a transaction with a bidder who was prepared to give the best offer for the Securities, (ii) they have selected Buyer as the successful bidder in accordance with the bidding procedures established for such auction and (iii) this Agreement constitutes the best offer for the Securities.", "hash": "e024a124d99c9f76044887975210132c", "id": 6}, {"samples": [{"hash": "jMVQiPP8gpa", "uri": "/contracts/jMVQiPP8gpa#auction-process", "label": "Credit Agreement (Del Taco Restaurants, Inc.)", "score": 26.4976043701, "published": true}], "snippet_links": [{"key": "term-loan-purchases", "type": "clause", "offset": [66, 85]}, {"key": "in-the-aggregate", "type": "definition", "offset": [86, 102]}, {"key": "the-principal-amount", "type": "definition", "offset": [124, 144]}, {"key": "the-term-loans", "type": "clause", "offset": [148, 162]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [163, 196]}, {"key": "subject-to-the", "type": "definition", "offset": [198, 212]}, {"key": "term-and-conditions", "type": "definition", "offset": [223, 242]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [294, 325]}, {"key": "in-writing", "type": "definition", "offset": [326, 336]}, {"key": "purchase-notice", "type": "clause", "offset": [363, 378]}, {"key": "executed-by", "type": "definition", "offset": [379, 390]}, {"key": "authorized-officer-of-the-borrower", "type": "definition", "offset": [398, 432]}, {"key": "term-lenders", "type": "clause", "offset": [511, 523]}, {"key": "purchase-term", "type": "definition", "offset": [599, 612]}, {"key": "as-specified", "type": "clause", "offset": [652, 664]}, {"key": "purchase-amount", "type": "definition", "offset": [702, 717]}, {"key": "return-bid", "type": "definition", "offset": [979, 989]}, {"key": "period-ending", "type": "definition", "offset": [1017, 1030]}, {"key": "date-of", "type": "clause", "offset": [1107, 1114]}, {"key": "business-days", "type": "definition", "offset": [1168, 1181]}, {"key": "period-of-time", "type": "clause", "offset": [1198, 1212]}, {"key": "mutually-agreed", "type": "definition", "offset": [1213, 1228]}, {"key": "prior-to-the", "type": "clause", "offset": [1309, 1321]}, {"key": "following-the", "type": "definition", "offset": [1366, 1379]}, {"key": "to-extend", "type": "clause", "offset": [1479, 1488]}, {"key": "in-accordance-with", "type": "definition", "offset": [1501, 1519]}, {"key": "the-purchase", "type": "clause", "offset": [1546, 1558]}, {"key": "by-the-borrower", "type": "clause", "offset": [1617, 1632]}, {"key": "agent-shall", "type": "definition", "offset": [1655, 1666]}, {"key": "minimum-face-amount", "type": "clause", "offset": [1686, 1705]}, {"key": "incremental-amounts", "type": "definition", "offset": [1745, 1764]}, {"key": "offer-amount", "type": "clause", "offset": [1808, 1820]}, {"key": "to-the-extent", "type": "clause", "offset": [1849, 1862]}, {"key": "violation-of-clause", "type": "clause", "offset": [1895, 1914]}, {"key": "default-shall", "type": "definition", "offset": [1957, 1970]}, {"key": "after-giving", "type": "clause", "offset": [2060, 2072]}, {"key": "permitted-term-loans", "type": "definition", "offset": [2419, 2439]}, {"key": "by-holdings", "type": "clause", "offset": [2450, 2461]}, {"key": "the-consideration", "type": "clause", "offset": [2564, 2581]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [2635, 2657]}, {"key": "proceeds-of-revolving-loans", "type": "clause", "offset": [2675, 2702]}, {"key": "prior-written-notice", "type": "clause", "offset": [2798, 2818]}, {"key": "delivery-of-the", "type": "clause", "offset": [2882, 2897]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [2915, 2949]}, {"key": "in-connection-with", "type": "clause", "offset": [3026, 3044]}, {"key": "material-non", "type": "clause", "offset": [3115, 3127]}, {"key": "public-information", "type": "definition", "offset": [3128, 3146]}, {"key": "the-conditions", "type": "clause", "offset": [3156, 3170]}, {"key": "in-clauses", "type": "clause", "offset": [3181, 3191]}, {"key": "the-borrower-shall", "type": "clause", "offset": [3246, 3264]}, {"key": "with-respect-to", "type": "clause", "offset": [3313, 3328]}, {"key": "the-delivery", "type": "clause", "offset": [3442, 3454]}, {"key": "relating-to", "type": "definition", "offset": [3675, 3686]}, {"key": "purchase-of-the", "type": "clause", "offset": [3797, 3812]}, {"key": "consent-of-administrative-agent", "type": "clause", "offset": [4133, 4164]}, {"key": "consent-not-to-be-unreasonably-withheld", "type": "clause", "offset": [4171, 4210]}, {"key": "notice-to-be-delivered", "type": "clause", "offset": [4237, 4259]}, {"key": "business-hours", "type": "definition", "offset": [4276, 4290]}, {"key": "submission-of", "type": "clause", "offset": [4362, 4375]}, {"key": "day-of", "type": "clause", "offset": [4458, 4464]}, {"key": "not-to-exceed", "type": "definition", "offset": [4470, 4483]}, {"key": "the-auction-period", "type": "clause", "offset": [4507, 4525]}, {"key": "pursuant-to-section", "type": "clause", "offset": [4536, 4555]}, {"key": "borrower-will", "type": "clause", "offset": [4594, 4607]}, {"key": "each-term", "type": "clause", "offset": [4614, 4623]}, {"key": "to-submit", "type": "definition", "offset": [4631, 4640]}, {"key": "notice-of-participation", "type": "clause", "offset": [4643, 4666]}, {"key": "reply-price", "type": "definition", "offset": [4794, 4805]}, {"key": "in-no-event-will", "type": "clause", "offset": [4813, 4829]}, {"key": "the-proposed", "type": "clause", "offset": [4853, 4865]}, {"key": "the-offer-price", "type": "clause", "offset": [4919, 4934]}, {"key": "price-of-the-offer", "type": "clause", "offset": [4963, 4981]}, {"key": "the-case", "type": "definition", "offset": [5083, 5091]}, {"key": "loans-to", "type": "clause", "offset": [5204, 5212]}, {"key": "equal-to", "type": "definition", "offset": [5338, 5346]}, {"key": "amount-of-term-loans", "type": "clause", "offset": [5378, 5398]}, {"key": "reply-amount", "type": "definition", "offset": [5405, 5417]}, {"key": "in-addition-to-the", "type": "clause", "offset": [5421, 5439]}, {"key": "participating-term-lender", "type": "definition", "offset": [5456, 5481]}, {"key": "execute-and-deliver", "type": "clause", "offset": [5487, 5506]}, {"key": "held-in-escrow", "type": "clause", "offset": [5514, 5528]}, {"key": "an-assignment", "type": "definition", "offset": [5558, 5571]}, {"key": "based-on-the-reply", "type": "clause", "offset": [5588, 5606]}, {"key": "in-consultation-with", "type": "definition", "offset": [5713, 5733]}, {"key": "applicable-discount", "type": "definition", "offset": [5784, 5803]}, {"key": "clearing-price", "type": "definition", "offset": [5810, 5824]}, {"key": "the-relevant", "type": "clause", "offset": [5831, 5843]}, {"key": "in-the-event-the", "type": "clause", "offset": [5906, 5922]}, {"key": "complete-the", "type": "clause", "offset": [6174, 6186]}, {"key": "or-equal", "type": "definition", "offset": [6503, 6511]}, {"key": "qualifying-bids", "type": "definition", "offset": [6947, 6962]}, {"key": "qualifying-loans", "type": "clause", "offset": [7026, 7042]}, {"key": "qualifying-lenders", "type": "definition", "offset": [7088, 7106]}, {"key": "offered-by", "type": "definition", "offset": [7191, 7201]}, {"key": "amount-required", "type": "clause", "offset": [7290, 7305]}, {"key": "aggregate-principal-amounts", "type": "definition", "offset": [7432, 7459]}, {"key": "at-any-time", "type": "clause", "offset": [7604, 7615]}, {"key": "from-time-to-time", "type": "clause", "offset": [7621, 7638]}, {"key": "third-business-day", "type": "clause", "offset": [7653, 7671]}, {"key": "determine-the", "type": "clause", "offset": [7897, 7910]}, {"key": "minimum-amounts", "type": "clause", "offset": [8142, 8157]}, {"key": "type-of-term-loan", "type": "definition", "offset": [8159, 8176]}, {"key": "interest-periods", "type": "definition", "offset": [8178, 8194]}, {"key": "notices-by", "type": "clause", "offset": [8207, 8217]}, {"key": "determination-of-the", "type": "clause", "offset": [8263, 8283]}, {"key": "consummation-of", "type": "clause", "offset": [8423, 8438]}, {"key": "form-of-assignment-agreement", "type": "clause", "offset": [8617, 8645]}, {"key": "execution-by", "type": "definition", "offset": [8699, 8711]}, {"key": "to-sell", "type": "clause", "offset": [8856, 8863]}, {"key": "pro-rata-portion", "type": "definition", "offset": [8884, 8900]}, {"key": "processing-and-recordation-fee", "type": "definition", "offset": [9007, 9037]}, {"key": "the-credit-agreement", "type": "clause", "offset": [9072, 9092]}, {"key": "auction-processes", "type": "clause", "offset": [9236, 9253]}, {"key": "consent-of-the-administrative-agent", "type": "clause", "offset": [9266, 9301]}], "size": 9, "snippet": "Holdings and the Borrower are permitted to make Auction Permitted Term Loan Purchases in the aggregate up to $50,000,000 of the principal amount of the Term Loans during the term of this Agreement, subject to the following term and conditions:\n(i) Holdings or the Borrower, as applicable, will notify the Administrative Agent in writing by delivery of an Auction Purchase Notice executed by a duly authorized officer of the Borrower (and the Administrative Agent will deliver the Auction Purchase Notice to the Term Lenders), that Holdings or the Borrower, as applicable, wishes to make an offer to purchase Term Loans in an aggregate principal amount as specified in the Auction Purchase Notice (the \u201cPurchase Amount\u201d), subject to a range or discount to par expressed as a price at which Holdings or the Borrower, as applicable, would consummate an Auction Permitted Term Loan Purchase (the \u201cOffer Price\u201d); provided, that (a) the Auction Purchase Notice shall specify that each Return Bid must be submitted within a period ending on a date that occurs on or before at least one Business Day following that date of such Auction Process Notice and up to a maximum of 5 Business Days (or such longer period of time mutually agreed upon by the Administrative Agent and Borrower and disclosed to the Term Lenders prior to the initiation of a particular Auction Process) following the date of the Auction Purchase Notice (subject to Holdings\u2019 or the Borrower\u2019s option, as applicable, to extend such period in accordance with Section 2(ii) below), (b) the Purchase Amount specified in the Auction Purchase Notice delivered by the Borrower to the Administrative Agent shall not be less than a minimum face amount of $5,000,000, and shall be in minimum incremental amounts of $1,000,000 (provided, that such minimum offer amount may be less than $5,000,000 to the extent such greater amount would be in violation of clause (d) or clause (e) below), (c) no Event of Default shall have occurred and be continuing or would reasonably be expected to result therefrom, (d) after giving effect to such Auction Permitted Term Loan Purchase and all other Auction Permitted Term Loan Purchases to be consummated concurrently or substantially concurrently therewith, the Liquidity shall not be less than $25,000,000, (e) the Purchase Amount of such Auction Permitted Term Loan Purchase, together with the principal amount of all Auction Permitted Term Loans purchased by Holdings or the Borrower prior to such Auction Permitted Term Loan Purchase, shall not exceed $50,000,000, (f) the consideration for such Auction Permitted Term Loan Purchase is not directly or indirectly derived from the proceeds of Revolving Loans, (g) Holdings or the Borrower has given Administrative Agent not less than three Business Days prior written notice that it may initiate an Auction Process and (h) at the time of delivery of the Auction Purchase Notice to the Administrative Agent, Holdings or the Borrower, as applicable, shall certify in writing that (i) in connection with such Auction Permitted Term Loan Purchase, it is not in possession of material non-public information and (ii) the conditions set forth in clauses (c) through (g) have been satisfied;\n(ii) Holdings or the Borrower shall not be required to initiate the Auction Process with respect to any Auction Permitted Term Loan Purchase; provided, however, that once the Auction Process has been initiated by the delivery of an Auction Purchase Notice, Holdings or the Borrower, as applicable, may not withdraw its Auction Purchase Notice, in whole or in part, or terminate the Auction Process, it being understood that, if the Reply Amounts relating to such Auction Purchase Notice are insufficient to allow Holdings or the Borrower, as applicable, to complete a purchase of the entire Purchase Amount, Holdings or the Borrower, as applicable, may, to the extent permitted hereunder, initiate a new Auction Process by delivering a new Auction Process Notice, at which point the previous Auction Process shall terminate. During each Auction Process, Holdings or the Borrower, as applicable, with the consent of Administrative Agent (such consent not to be unreasonably withheld or delayed), upon written notice to be delivered no later than 6 business hours prior to the deadline specified in the Auction Purchase Notice for the submission of Return Bids, may extend one time per Auction Process such deadline up to the last day of, but not to exceed, the maximum length of the auction period permitted pursuant to Section 2(i)(a) above;\n(iii) Holdings and the Borrower will allow each Term Lender to submit a notice of participation (the \u201cReturn Bid\u201d) to the Administrative Agent which shall specify one or more discounts to par expressed as a price (each, a \u201cReply Price\u201d) (but in no event will the Reply Price(s) for the proposed Auction Permitted Term Loan Purchase be greater than the Offer Price or greater than the highest price of the Offer Price when such price is expressed as a range) and the corresponding principal amount (or amounts as the case may be) of Term Loans at which such Term Lender is willing to permit a purchase of all or a portion of its Term Loans to occur at each such Reply Price, which must be in incremental amounts of $1,000, unless such Term Lender submits a Return Bid equal to such Lender\u2019s entire remaining amount of Term Loans (the \u201cReply Amount\u201d). In addition to the Return Bid, the participating Term Lender must execute and deliver, to be held in escrow by the Administrative Agent, an Assignment Agreement;\n(iv) based on the Reply Prices and Reply Amounts of the Term Loans as are specified by the Term Lenders, the Administrative Agent in consultation with Holdings and the Borrower, will determine (x) the applicable discount (the \u201cClearing Price\u201d) for the relevant Auction Permitted Term Loan Purchase which will be either (A) in the event the Reply Amounts relating to such Auction Purchase Notice are sufficient to allow Holdings or the Borrower, as applicable, to complete a purchase of the entire Purchase Amount, the lowest Reply Price at which Holdings or the Borrower, as applicable, can complete the Auction Permitted Term Loan Purchase for the entire Purchase Amount, or (B) in the event that the Reply Amounts relating to such Auction Purchase Notice are insufficient to allow Holdings or the Borrower, as applicable, to complete a purchase of the entire Purchase Amount, the highest Reply Price that is less than or equal to the Offer Price when expressed as a price (or less than or equal to the highest price of the Offer Price when such price is expressed as a range). No later than the fifth Business Day following the date Return Bids are due, Holdings or the Borrower, as applicable, shall purchase Term Loans (or the respective portions thereof) from each Term Lender with one or more Reply Prices that are equal to or less than the Clearing Price (\u201cQualifying Bids\u201d) at the Clearing Price (such Term Loans being referred to as \u201cQualifying Loans\u201d and such Term Lenders being referred to as \u201cQualifying Lenders\u201d);\n(v) Holdings or the Borrower, as applicable, shall purchase the Qualifying Loans offered by the Qualifying Lenders at the Clearing Price; provided, that if the aggregate principal amount required to purchase the Qualifying Loans would exceed the Purchase Amount, the Purchase Amount will be allocated ratably based on the aggregate principal amounts of all such Qualifying Loans tendered by each such Qualifying Lender. Holdings or the Borrower, as applicable, may increase the Purchase Amount at any time, and from time to time, prior to the third Business Day after the Administrative Agent has initially determined the Clearing Price. If Holdings or the Borrower, as applicable, so elects, the Administrative Agent, in consultation with Holdings or the Borrower, as applicable, shall determine the Clearing Price based on such increased Purchase Amount;\n(vi) the Auction Permitted Term Loan Purchases, to the extent not otherwise provided herein, shall be consummated pursuant to procedures (including as to timing, rounding and minimum amounts, type of Term Loan, Interest Periods, additional notices by Holdings or the Borrower, as applicable, and determination of the Clearing Price) mutually acceptable to the Administrative Agent and Holdings or the Borrower, as applicable, it being understood that upon consummation of each Auction Permitted Term Loan Purchase, each Term Lender whose Term Loan (or portion thereof) will be purchased in such Auction Permitted Term Loan Purchase will complete the form of Assignment Agreement and deliver the same to the Administrative Agent for execution by Holdings or the Borrower, as applicable;\n(vii) upon submission by a Qualifying Lender of a Return Bid, such Qualifying Lender will be obligated to sell the entirety or its pro rata portion of the Reply Amount at the Clearing Price;\n(viii) The Administrative Agent shall waive the payment of the processing and recordation fee referred to in Section 8.05(e) of the Credit Agreement in connection with any Auction Permitted Term Loan Purchase; and\n(ix) Holdings and the Borrower shall not be permitted to initiate more than 5 Auction Processes without the consent of the Administrative Agent.", "hash": "3f64d94eec62c36b041b08599b81a0e1", "id": 2}, {"samples": [{"hash": "k93IenenbQz", "uri": "/contracts/k93IenenbQz#auction-process", "label": "Pooling and Servicing Agreement (Bank of America National Trust & Saving Association)", "score": 18.0, "published": true}, {"hash": "i4chylvIRZm", "uri": "/contracts/i4chylvIRZm#auction-process", "label": "Pooling and Servicing Agreement (Bank of America National Trust & Saving Association)", "score": 18.0, "published": true}, {"hash": "gAh5son20Ea", "uri": "/contracts/gAh5son20Ea#auction-process", "label": "Pooling and Servicing Agreement (Bank of America FSB/Ca)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-advisor", "type": "definition", "offset": [4, 15]}, {"key": "owner-will", "type": "clause", "offset": [53, 63]}, {"key": "the-auction", "type": "clause", "offset": [85, 96]}, {"key": "the-servicer", "type": "clause", "offset": [137, 149]}, {"key": "termination-auction", "type": "definition", "offset": [185, 204]}, {"key": "auction-date", "type": "definition", "offset": [276, 288]}, {"key": "new-york-city-time", "type": "definition", "offset": [367, 385]}, {"key": "winning-bidder", "type": "clause", "offset": [396, 410]}, {"key": "the-agreement", "type": "clause", "offset": [517, 530]}, {"key": "bid-sheet", "type": "clause", "offset": [573, 582]}, {"key": "contained-in", "type": "definition", "offset": [583, 595]}, {"key": "solicitation-package", "type": "clause", "offset": [600, 620]}, {"key": "the-market", "type": "clause", "offset": [704, 714]}, {"key": "manufactured-housing", "type": "definition", "offset": [719, 739]}, {"key": "sales-contracts", "type": "clause", "offset": [752, 767]}, {"key": "loan-contracts", "type": "definition", "offset": [784, 798]}, {"key": "the-contracts", "type": "clause", "offset": [828, 841]}, {"key": "trustee-shall", "type": "definition", "offset": [847, 860]}, {"key": "notification-to", "type": "clause", "offset": [902, 917]}, {"key": "good-faith-deposit", "type": "definition", "offset": [940, 958]}, {"key": "equal-to", "type": "definition", "offset": [959, 967]}, {"key": "pool-scheduled-principal-balance", "type": "definition", "offset": [992, 1024]}, {"key": "to-the-trustee", "type": "clause", "offset": [1054, 1068]}, {"key": "upon-acceptance-of-the", "type": "clause", "offset": [1069, 1091]}, {"key": "interest-income", "type": "clause", "offset": [1126, 1141]}, {"key": "the-purchase-price", "type": "clause", "offset": [1182, 1200]}, {"key": "the-acceptance", "type": "clause", "offset": [1279, 1293]}, {"key": "the-account", "type": "clause", "offset": [1340, 1351]}, {"key": "fully-funded", "type": "definition", "offset": [1355, 1367]}, {"key": "the-collection-account", "type": "clause", "offset": [1404, 1426]}, {"key": "business-day", "type": "definition", "offset": [1463, 1475]}, {"key": "distribution-date", "type": "clause", "offset": [1495, 1512]}, {"key": "a-copy-of-the", "type": "clause", "offset": [1591, 1604]}, {"key": "sale-and-servicing-agreement", "type": "clause", "offset": [1611, 1639]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [1729, 1763]}, {"key": "will-provide", "type": "clause", "offset": [1825, 1837]}, {"key": "fair-market-value", "type": "definition", "offset": [1909, 1926]}, {"key": "in-the-case", "type": "clause", "offset": [2003, 2014]}, {"key": "provide-for", "type": "clause", "offset": [2079, 2090]}, {"key": "terms-of-the-sale", "type": "clause", "offset": [2242, 2259]}, {"key": "termination-of-the-trust-fund", "type": "clause", "offset": [2346, 2375]}, {"key": "qualified-liquidation", "type": "definition", "offset": [2395, 2416]}, {"key": "the-code", "type": "clause", "offset": [2458, 2466]}, {"key": "the-requirement", "type": "clause", "offset": [2478, 2493]}, {"key": "not-to-exceed", "type": "definition", "offset": [2541, 2554]}, {"key": "in-its-discretion", "type": "clause", "offset": [2581, 2598]}, {"key": "the-purchaser", "type": "definition", "offset": [2613, 2626]}, {"key": "provide-the", "type": "clause", "offset": [2644, 2655]}, {"key": "opinion-of-counsel-to", "type": "clause", "offset": [2672, 2693]}], "size": 34, "snippet": "(a) The Advisor, any underwriter, or any Certificate Owner will be allowed to bid in the Auction, but will not be required to do so.\n(b) The Servicer will also be allowed to bid in the Termination Auction if it deems appropriate, but will not be required to do so.\n(c) On the Auction Date, all bids will be due by facsimile to the offices of the Trustee by 1:00 p.m. New York City time, with the winning bidder to be notified by 2:00 p.m. New York City time. All acceptable bids (as described in Section 10.01 (b) of the Agreement) will be due on a conforming basis on the bid sheet contained in the solicitation package.\n(d) If the Trustee receives fewer than two market value bids from participants in the market for manufactured housing installment sales contracts and installment loan contracts willing and able to purchase the Contracts, the Trustee shall decline to consummate the sale.\n(e) Upon notification to the winning bidder, a good faith deposit equal to one percent (1%) of the Pool Scheduled Principal Balance will be required to be wired to the Trustee upon acceptance of the bid. This deposit, along with any interest income attributable to it, will be credited to the purchase price but will not be refundable. The trustee will establish a separate account for the acceptance of the good faith deposit, until such time as the account is fully funded and all monies are transferred into the Collection Account, such time not to be later than one Business Day before the related Distribution Date (as described above).\n(f) The winning bidder will receive on the Auction Date a copy of the draft Sale and Servicing Agreement and Servicer's Representations and Warranties (which shall be substantially identical to the representations and warranties set forth in Section 3.01 of the Agreement).\n(g) The Advisor will provide to the Trustee a letter concluding whether or not the winning bid is a fair market value bid. The Advisor will also provide such letter if it is the winning bidder. In the case where the Advisor or the Servicer is the winning bidder it will provide for market comparables and valuations in its letter.\n(h) The Auction will stipulate the Servicer be retained to service the Contracts sold pursuant to the terms of the Sale and Servicing Agreement.\n(i) The Auction will stipulate that such sale and consequent termination of the Trust Fund must constitute a \"qualified liquidation\" of the Trust Fund under Section 860F of the Code, including the requirement that such liquidation take place over a period not to exceed 90 days. The Trustee may, in its discretion, require that the purchaser of the Contracts provide the Trustee with an Opinion of Counsel to that effect.", "hash": "362c19e8843244af1106382a86df3a0f", "id": 1}, {"samples": [{"hash": "jTuxdQIJZBn", "uri": "/contracts/jTuxdQIJZBn#auction-process", "label": "Storage Service Agreement", "score": 25.7405891418, "published": true}, {"hash": "5e9Mgcuv04h", "uri": "/contracts/5e9Mgcuv04h#auction-process", "label": "Storage Service Agreement", "score": 25.4572219849, "published": true}, {"hash": "b9P4YxACIKD", "uri": "/contracts/b9P4YxACIKD#auction-process", "label": "Storage Service Agreement", "score": 25.1848049164, "published": true}], "snippet_links": [{"key": "applicable-documents", "type": "definition", "offset": [7, 27]}, {"key": "service-provider", "type": "definition", "offset": [77, 93]}, {"key": "the-website", "type": "clause", "offset": [111, 122]}, {"key": "electronic-marketing", "type": "clause", "offset": [130, 150]}, {"key": "due-time", "type": "definition", "offset": [163, 171]}, {"key": "before-the-auction", "type": "clause", "offset": [172, 190]}, {"key": "call-period", "type": "definition", "offset": [316, 327]}, {"key": "minimum-bid-price", "type": "definition", "offset": [426, 443]}, {"key": "product-information", "type": "definition", "offset": [531, 550]}, {"key": "article-4", "type": "clause", "offset": [552, 561]}, {"key": "to-apply", "type": "clause", "offset": [612, 620]}, {"key": "additional-requirements", "type": "definition", "offset": [622, 645]}, {"key": "storage-customer", "type": "definition", "offset": [713, 729]}, {"key": "binding-offer", "type": "definition", "offset": [834, 847]}, {"key": "the-offer", "type": "clause", "offset": [941, 950]}, {"key": "storage-services-agreement", "type": "definition", "offset": [1011, 1037]}, {"key": "annex-1", "type": "clause", "offset": [1048, 1055]}, {"key": "in-writing", "type": "definition", "offset": [1205, 1215]}], "size": 5, "snippet": "1. All applicable documents for the Auction will be published on the Storage Service Provider\u2019s website and on the website of the Electronic Marketing Platform in due time before the Auction takes place.\n2. Authorized Storage Customers may submit their binding offers on the Electronic Marketing Platform within the call period as outlined on the Electronic Marketing Platform. Erdgasspeicher Peissen GmbH may decide to set a Minimum Bid Price that shall be displayed on the Electronic Marketing Platform (here: PRISMA) and in the Product Information; Article 4 para.1. of the T&C Online Auctions shall continue to apply. Additional requirements by the Electronic Marketing Platform must be met at the Authorized Storage Customer\u2019s discretion, but shall be observed to be able to properly take part in the Auction.\n3. By submitting a binding offer via the Electronic Marketing Platform the potential Storage Customer, limited to the product the offer is made for, bindingly declares to be willing to conclude a Storage Services Agreement including Annex 1, 1a, 2 and 3. 4. A Storage Services Agreement is concluded when the Storage Service Provider accepts the Authorized Storage Customer\u00b4s binding offer in writing.", "hash": "61f5ff04673ae2c7e650248e95cb80e6", "id": 3}, {"samples": [{"hash": "ffNHT6T9yl5", "uri": "/contracts/ffNHT6T9yl5#auction-process", "label": "Pooling and Servicing Agreement (Cit Home Equity Loan Trust 1997-1)", "score": 18.0, "published": true}, {"hash": "6uL0MQgVZK6", "uri": "/contracts/6uL0MQgVZK6#auction-process", "label": "Pooling and Servicing Agreement (Barnett Auto Receivables Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-the-trustee", "type": "clause", "offset": [23, 37]}, {"key": "the-auction", "type": "clause", "offset": [65, 76]}], "size": 4, "snippet": "in its role as Advisor to the Trustee, will be allowed to bid in the Auction, but will not be required to do so.", "hash": "8b56db982b4076f210b223d3c0ec2540", "id": 5}, {"samples": [{"hash": "dpp2YNiMmV5", "uri": "/contracts/dpp2YNiMmV5#auction-process", "label": "Asset Purchase and Sale Agreement (Pharmaceutical Formulations Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-parties-hereto", "type": "clause", "offset": [0, 18]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [19, 40]}, {"key": "during-the-period", "type": "clause", "offset": [46, 63]}, {"key": "commencing-on-the", "type": "clause", "offset": [64, 81]}, {"key": "date-hereof", "type": "clause", "offset": [82, 93]}, {"key": "bidding-procedures-order", "type": "definition", "offset": [154, 178]}, {"key": "by-the-seller", "type": "clause", "offset": [198, 211]}, {"key": "seller-and-its-affiliates", "type": "clause", "offset": [236, 261]}, {"key": "investment-bankers", "type": "clause", "offset": [306, 324]}, {"key": "agents-and-representatives", "type": "clause", "offset": [348, 374]}, {"key": "at-any-time", "type": "clause", "offset": [422, 433]}, {"key": "the-acquired-assets", "type": "clause", "offset": [483, 502]}, {"key": "press-releases", "type": "clause", "offset": [517, 531]}, {"key": "other-releases", "type": "clause", "offset": [562, 576]}, {"key": "in-connection", "type": "definition", "offset": [592, 605]}, {"key": "relating-to", "type": "definition", "offset": [726, 737]}, {"key": "indirect-sale", "type": "definition", "offset": [752, 765]}, {"key": "other-disposition", "type": "definition", "offset": [779, 796]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [830, 854]}, {"key": "the-equity-interests", "type": "clause", "offset": [881, 901]}, {"key": "of-the-seller", "type": "clause", "offset": [902, 915]}, {"key": "affirmative-action", "type": "definition", "offset": [941, 959]}, {"key": "entering-into", "type": "clause", "offset": [971, 984]}, {"key": "agreement-or", "type": "definition", "offset": [989, 1001]}, {"key": "a-third-party", "type": "clause", "offset": [1100, 1113]}, {"key": "the-transactions", "type": "clause", "offset": [1129, 1145]}, {"key": "in-clause", "type": "clause", "offset": [1156, 1165]}, {"key": "alternative-transaction", "type": "clause", "offset": [1182, 1205]}, {"key": "approval-of", "type": "clause", "offset": [1300, 1311]}, {"key": "definitive-agreement", "type": "definition", "offset": [1315, 1335]}, {"key": "with-respect-to-an", "type": "clause", "offset": [1336, 1354]}, {"key": "superior-transaction", "type": "clause", "offset": [1421, 1441]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [1443, 1473]}, {"key": "the-auction-period", "type": "clause", "offset": [1482, 1500]}, {"key": "supply-information", "type": "definition", "offset": [1687, 1705]}, {"key": "to-the-seller", "type": "definition", "offset": [1715, 1728]}, {"key": "prospective-purchasers", "type": "definition", "offset": [1756, 1778]}, {"key": "to-the-buyer", "type": "clause", "offset": [1895, 1907]}, {"key": "to-this-agreement", "type": "clause", "offset": [1934, 1951]}, {"key": "applicable-law", "type": "definition", "offset": [1959, 1973]}, {"key": "agreement-for", "type": "clause", "offset": [2058, 2071]}, {"key": "pursuant-to", "type": "definition", "offset": [2099, 2110]}, {"key": "the-obligations", "type": "clause", "offset": [2159, 2174]}, {"key": "the-seller-and-the-buyer", "type": "clause", "offset": [2192, 2216]}, {"key": "agree-to", "type": "clause", "offset": [2217, 2225]}, {"key": "in-all-material-respects", "type": "definition", "offset": [2233, 2257]}, {"key": "terms-of-the", "type": "clause", "offset": [2267, 2279]}, {"key": "to-the-extent", "type": "clause", "offset": [2320, 2333]}, {"key": "in-all-respects", "type": "clause", "offset": [2453, 2468]}, {"key": "seller-shall", "type": "clause", "offset": [2470, 2482]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [2549, 2578]}, {"key": "subject-to-the", "type": "definition", "offset": [2583, 2597]}, {"key": "failure-of-the", "type": "clause", "offset": [2678, 2692]}, {"key": "specific-performance", "type": "definition", "offset": [2762, 2782]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [2848, 2872]}, {"key": "in-accordance-with", "type": "definition", "offset": [2873, 2891]}], "size": 3, "snippet": "The parties hereto acknowledge and agree that during the period commencing on the date hereof and ending on the date that any auction contemplated by the Bidding Procedures Order is declared closed by the Seller (the \"Auction Period\u201d), Seller and its Affiliates, officers, directors, employees, attorneys, investment bankers, accountants and other agents and representatives shall be permitted, but shall not be permitted at any time thereafter, to (i) market and solicit offers for the Acquired Assets and may issue press releases, place advertisements or make other releases or disclosures in connection therewith, (ii) solicit inquiries, proposals, offers or bids from, and negotiate with, any Persons other than the Buyer relating to the direct or indirect sale, transfer or other disposition, in one or more transactions, of all or substantially all of the Acquired Assets or the equity interests of the Seller and (iii) take any other affirmative action (including entering into any agreement or letter-of-intent with respect thereto) to cause, promote or assist with any such transaction with a third party (together with the transactions described in clause (ii) above, an \"Alternative Transaction\u201d); provided, however, the Seller and its Affiliates may enter into, and seek Bankruptcy Court approval of, a definitive agreement with respect to an Alternative Transaction only if such Alternative Transaction is a Superior Transaction. Without limiting the foregoing, during the Auction Period, the Seller and its Affiliates and their respective officers, directors, employees, attorneys, investment bankers, accountants and other agents and representatives shall be permitted to supply information relating to the Seller and the Acquired Assets to prospective purchasers. Except as set forth in Sections 2.8 and 8.3, neither the Seller nor any of its Affiliates shall have any liability to the Buyer, either under or relating to this Agreement or any Applicable Law, by virtue of entering into or seeking Bankruptcy Court approval of such definitive agreement for an Alternative Transaction pursuant to this Section 5.17 or for failure to comply with the obligations in Section 5.16. The Seller and the Buyer agree to comply in all material respects with the terms of the Bidding Procedures Order and agree that to the extent there is a conflict between this Agreement and the Bidding Procedures Order, the Bidding Procedures Order shall govern in all respects. Seller shall declare the Auction Period closed not later than August 30, 2005. Notwithstanding the foregoing but subject to the Buyer\u2019s rights under Section 5.16 of this Agreement, the Buyer\u2019s remedies for a failure of the Auction Period to end on August 30, 2005 shall be either (i) to seek specific performance of this Section 5.17 and the Bidding Procedures Order or (ii) to terminate this Agreement in accordance with Section 8.1(j).", "hash": "1294b48abc4abdc71d711415d7cfb4bd", "id": 7}, {"samples": [{"hash": "hVBicuxowZG", "uri": "/contracts/hVBicuxowZG#auction-process", "label": "Pooling and Servicing Agreement (Access Financial Lending Corp)", "score": 18.0, "published": true}, {"hash": "3WapXmKyAyz", "uri": "/contracts/3WapXmKyAyz#auction-process", "label": "Pooling and Servicing Agreement (Access Financial Lending Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-advisor", "type": "definition", "offset": [3, 14]}, {"key": "the-auction", "type": "clause", "offset": [41, 52]}, {"key": "seller-will", "type": "clause", "offset": [96, 107]}, {"key": "auction-date", "type": "definition", "offset": [216, 228]}, {"key": "by-the-trustee", "type": "clause", "offset": [302, 316]}, {"key": "winning-bidder", "type": "clause", "offset": [344, 358]}], "size": 2, "snippet": "a. The Advisor will be allowed to bid in the auction, but will not be required to do so.\nb. The Seller will also be allowed to bid in the auction if it deems appropriate, but will not be required to do so.\nc. On the Auction Date, all bids will be due by facsimile to such office as shall be designated by the Trustee by 1:00 p.m. EST; with the winning bidder to be notified by 2:00 p.m.", "hash": "d4bc55552f66b46070fdacf9dc05ae9e", "id": 8}, {"samples": [{"hash": "hSXoVTvINhR", "uri": "/contracts/hSXoVTvINhR#auction-process", "label": "Pooling and Servicing Agreement (Mellon Auto Receivables Corp)", "score": 18.0, "published": true}, {"hash": "6uL0MQgVZK6", "uri": "/contracts/6uL0MQgVZK6#auction-process", "label": "Pooling and Servicing Agreement (Barnett Auto Receivables Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "upon-receiving", "type": "clause", "offset": [0, 14]}, {"key": "the-auction", "type": "clause", "offset": [25, 36]}, {"key": "the-advisor", "type": "definition", "offset": [38, 49]}, {"key": "auction-procedures", "type": "definition", "offset": [76, 94]}, {"key": "the-assistance", "type": "clause", "offset": [133, 147]}, {"key": "the-servicer", "type": "clause", "offset": [151, 163]}, {"key": "solicitation-package", "type": "clause", "offset": [183, 203]}, {"key": "confidentiality-agreement", "type": "clause", "offset": [217, 242]}, {"key": "a-list", "type": "definition", "offset": [256, 262]}, {"key": "qualified-bidders", "type": "clause", "offset": [266, 283]}, {"key": "commercially-reasonable-manner", "type": "definition", "offset": [290, 320]}, {"key": "agreement-to", "type": "definition", "offset": [401, 413]}, {"key": "upon-receipt-of-a", "type": "clause", "offset": [441, 458]}, {"key": "interested-bidders", "type": "clause", "offset": [527, 545]}, {"key": "on-behalf-of", "type": "definition", "offset": [546, 558]}, {"key": "applicable-trustee", "type": "definition", "offset": [563, 581]}, {"key": "notify-the", "type": "clause", "offset": [592, 602]}], "size": 2, "snippet": "Upon receiving notice of the Auction, the Advisor will initiate its general Auction procedures consisting of the following: (i) with the assistance of the Servicer, prepare a general solicitation package along with a confidentiality agreement; (ii) derive a list of qualified bidders, in a commercially reasonable manner; (iii) initiate contact with all qualified bidders; (iv) send a confidentiality agreement to all qualified bidders; (v) upon receipt of a signed confidentiality agreement, send solicitation packages to all interested bidders on behalf of the applicable Trustee; and (vi) notify the Servicer of all potential bidders and anticipated timetable.", "hash": "29cb6eebd307669b3349c3806b9687a7", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhhdWN0aW9uLXByb2Nlc3MjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["", ""], ["reserved", "Reserved"], ["definitions-and-interpretation", "Definitions and interpretation"], ["offer-overview", "Offer Overview"], ["offer-selection", "Offer Selection"]], "parents": [["miscellaneous-provisions", "MISCELLANEOUS PROVISIONS"], ["notices", "Notices"], ["miscellaneous", "Miscellaneous"], ["sale-of-collateral-debt-securities-with-respect-to-an-auction-call-redemption", "Sale of Collateral Debt Securities With Respect to an Auction Call Redemption"], ["purchases-upon-conversion", "Purchases Upon Conversion"]], "title": "Auction Process", "size": 102, "id": "auction-process", "related": [["selection-process", "Selection Process", "Selection Process"], ["auction-procedures", "Auction Procedures", "Auction Procedures"], ["mediation-process", "Mediation Process", "Mediation Process"], ["application-process", "Application Process", "Application Process"], ["online-public-auction-process", "ONLINE PUBLIC AUCTION PROCESS", "ONLINE PUBLIC <strong>AUCTION PROCESS</strong>"]], "related_snippets": [], "updated": "2025-11-23T05:25:15+00:00"}, "json": true, "cursor": ""}}