{"component": "clause", "props": {"groups": [{"samples": [{"hash": "cTmkWComP2A", "uri": "/contracts/cTmkWComP2A#authorization-and-action", "label": "Revolving Credit and Security Agreement (Sezzle Inc.)", "score": 33.585899353, "published": true}, {"hash": "vtpS2daB3U", "uri": "/contracts/vtpS2daB3U#authorization-and-action", "label": "Revolving Credit and Security Agreement (Sezzle Inc.)", "score": 33.2409324646, "published": true}, {"hash": "8A3B7zTjMkx", "uri": "/contracts/8A3B7zTjMkx#authorization-and-action", "label": "Revolving Credit and Security Agreement (Sezzle Inc.)", "score": 33.2409324646, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "the-administrative-agent", "type": "definition", "offset": [55, 79]}, {"key": "to-exercise", "type": "clause", "offset": [127, 138]}, {"key": "to-the-extent", "type": "clause", "offset": [177, 190]}, {"key": "other-facility-documents", "type": "definition", "offset": [207, 231]}, {"key": "administrative-agent-by", "type": "definition", "offset": [256, 279]}, {"key": "subject-to-the-terms", "type": "clause", "offset": [374, 394]}, {"key": "agent-shall", "type": "definition", "offset": [422, 433]}, {"key": "a-copy-of", "type": "clause", "offset": [445, 454]}, {"key": "material-modifications", "type": "definition", "offset": [459, 481]}, {"key": "the-facility", "type": "clause", "offset": [593, 605]}, {"key": "without-limitation", "type": "clause", "offset": [628, 646]}, {"key": "entered-into", "type": "clause", "offset": [667, 679]}, {"key": "but-excluding", "type": "clause", "offset": [732, 745]}, {"key": "administrative-agent-fee-letter", "type": "definition", "offset": [750, 781]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [787, 806]}, {"key": "fiduciary-relationship", "type": "definition", "offset": [963, 985]}, {"key": "secured-party", "type": "definition", "offset": [995, 1008]}, {"key": "no-implied-covenants", "type": "clause", "offset": [1014, 1034]}, {"key": "agreement-or", "type": "definition", "offset": [1166, 1178]}, {"key": "a-party", "type": "clause", "offset": [1244, 1251]}, {"key": "any-other-duties", "type": "definition", "offset": [1376, 1392]}, {"key": "in-respect-of", "type": "definition", "offset": [1413, 1426]}, {"key": "contemplated-hereby", "type": "clause", "offset": [1463, 1482]}, {"key": "by-this-agreement", "type": "clause", "offset": [1529, 1546]}, {"key": "any-action", "type": "definition", "offset": [1662, 1672]}, {"key": "to-act", "type": "definition", "offset": [1696, 1702]}, {"key": "instructions-of-the-required-lenders", "type": "clause", "offset": [1816, 1852]}, {"key": "provided-that", "type": "definition", "offset": [1854, 1867]}, {"key": "personal-liability", "type": "definition", "offset": [1994, 2012]}, {"key": "to-this-agreement", "type": "clause", "offset": [2051, 2068]}, {"key": "applicable-law", "type": "definition", "offset": [2102, 2116]}, {"key": "provide-for", "type": "definition", "offset": [2395, 2406]}, {"key": "exercise-of-the", "type": "clause", "offset": [2411, 2426]}, {"key": "reasonable-discretion", "type": "definition", "offset": [2450, 2471]}, {"key": "provide-to", "type": "clause", "offset": [2476, 2486]}, {"key": "to-provide", "type": "definition", "offset": [2555, 2565]}], "size": 218, "snippet": "Each Lender hereby irrevocably appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and, to the extent applicable, the other Facility Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, subject to the terms hereof. The Administrative Agent shall distribute a copy of all material modifications, amendments, extensions, consolidations, restatements, alterations, changes or revisions to any one or more of the Facility Documents (including, without limitation, waiver or consents entered into, executed or delivered by the Administrative Agent, but excluding the Administrative Agent Fee Letter), to each of the Lenders. The Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein or in the other Facility Documents, or any fiduciary relationship with any Secured Party, and no implied covenants, functions, responsibilities, duties or obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or any other Facility Document to which the Administrative Agent is a party (if any) as duties on its part to be performed or observed. The Administrative Agent shall not have or be construed to have any other duties or responsibilities in respect of this Agreement and the transactions contemplated hereby. As to any matters not expressly provided for by this Agreement or the other Facility Documents, the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Required Lenders; provided that the Administrative Agent shall not be required to take any action which exposes the Administrative Agent, in its judgment, to personal liability, cost or expense or which is contrary to this Agreement, the other Facility Documents or Applicable Law, or would be, in its judgment, contrary to its duties hereunder, under any other Facility Document or under Applicable Law. Each Lender agrees that in any instance in which the Facility Documents provide that the Administrative Agent\u2019s consent may not be unreasonably withheld, provide for the exercise of the Administrative Agent\u2019s reasonable discretion, or provide to a similar effect, it shall not in its instructions (or, by refusing to provide instruction) to the Administrative Agent withhold its consent or exercise its discretion in an unreasonable manner.", "hash": "366ccfe61815c46a2724b7a24de560da", "id": 7}, {"samples": [{"hash": "7wRAyfQXaGr", "uri": "/contracts/7wRAyfQXaGr#authorization-and-action", "label": "Credit Agreement", "score": 32.7843666077, "published": true}, {"hash": "hVcK9yYFpbW", "uri": "/contracts/hVcK9yYFpbW#authorization-and-action", "label": "Credit Agreement", "score": 30.7843666077, "published": true}, {"hash": "fvYiu4IObhH", "uri": "/contracts/fvYiu4IObhH#authorization-and-action", "label": "Credit Agreement", "score": 30.7843666077, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [4, 15]}, {"key": "the-entity", "type": "clause", "offset": [67, 77]}, {"key": "successors-and-assigns", "type": "definition", "offset": [149, 171]}, {"key": "to-serve", "type": "definition", "offset": [172, 180]}, {"key": "the-loan-documents", "type": "clause", "offset": [215, 233]}, {"key": "actions-as-agent", "type": "clause", "offset": [322, 338]}, {"key": "to-exercise", "type": "clause", "offset": [357, 368]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [392, 430]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [564, 594]}, {"key": "execute-and-deliver", "type": "clause", "offset": [677, 696]}, {"key": "a-party", "type": "clause", "offset": [800, 807]}, {"key": "exercise-all-rights", "type": "definition", "offset": [816, 835]}, {"key": "powers-and-remedies", "type": "clause", "offset": [837, 856]}, {"key": "agent-shall", "type": "definition", "offset": [1069, 1080]}, {"key": "any-action", "type": "definition", "offset": [1132, 1142]}, {"key": "to-act", "type": "definition", "offset": [1166, 1172]}, {"key": "written-instructions", "type": "clause", "offset": [1278, 1298]}, {"key": "the-majority-lenders", "type": "clause", "offset": [1302, 1322]}, {"key": "the-lenders", "type": "clause", "offset": [1362, 1373]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [1397, 1418]}, {"key": "in-writing", "type": "definition", "offset": [1473, 1483]}, {"key": "instructions-shall", "type": "definition", "offset": [1490, 1508]}, {"key": "binding-upon", "type": "clause", "offset": [1512, 1524]}, {"key": "in-good-faith", "type": "definition", "offset": [1685, 1698]}, {"key": "fronting-banks", "type": "definition", "offset": [1866, 1880]}, {"key": "with-respect-to", "type": "clause", "offset": [1881, 1896]}, {"key": "contrary-to", "type": "definition", "offset": [1920, 1931]}, {"key": "agreement-or", "type": "definition", "offset": [1937, 1949]}, {"key": "applicable-law", "type": "definition", "offset": [1977, 1991]}, {"key": "violation-of-the", "type": "clause", "offset": [2029, 2045]}, {"key": "automatic-stay", "type": "definition", "offset": [2046, 2060]}, {"key": "requirement-of-law", "type": "clause", "offset": [2071, 2089]}, {"key": "relating-to", "type": "definition", "offset": [2090, 2101]}, {"key": "insolvency-or-reorganization", "type": "clause", "offset": [2114, 2142]}, {"key": "termination-of", "type": "definition", "offset": [2213, 2227]}, {"key": "defaulting-lender", "type": "definition", "offset": [2242, 2259]}, {"key": "seek-clarification", "type": "clause", "offset": [2427, 2445]}, {"key": "prior-to-the", "type": "clause", "offset": [2485, 2497]}, {"key": "exercise-of", "type": "clause", "offset": [2498, 2509]}, {"key": "duty-to-disclose", "type": "clause", "offset": [2719, 2735]}, {"key": "failure-to-disclose", "type": "clause", "offset": [2769, 2788]}, {"key": "affiliate-of", "type": "definition", "offset": [2854, 2866]}, {"key": "any-capacity", "type": "definition", "offset": [2998, 3010]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [3012, 3037]}, {"key": "require-the", "type": "clause", "offset": [3044, 3055]}, {"key": "own-funds", "type": "clause", "offset": [3099, 3108]}, {"key": "financial-liability", "type": "clause", "offset": [3132, 3151]}, {"key": "in-the-performance", "type": "clause", "offset": [3152, 3170]}, {"key": "rights-or-powers", "type": "clause", "offset": [3235, 3251]}, {"key": "reasonable-grounds", "type": "definition", "offset": [3269, 3287]}, {"key": "repayment-of", "type": "clause", "offset": [3307, 3319]}, {"key": "functions-and-duties", "type": "clause", "offset": [3439, 3459]}, {"key": "on-behalf-of", "type": "clause", "offset": [3548, 3560]}, {"key": "maintenance-of-the-register", "type": "clause", "offset": [3675, 3702]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [3774, 3822]}, {"key": "the-agent", "type": "clause", "offset": [3961, 3970]}, {"key": "unmatured-default", "type": "definition", "offset": [4162, 4179]}, {"key": "an-event-of-default", "type": "definition", "offset": [4183, 4202]}, {"key": "it-is-understood-and-agreed-that", "type": "definition", "offset": [4239, 4271]}, {"key": "use-of-the-term", "type": "clause", "offset": [4276, 4291]}, {"key": "with-reference-to", "type": "clause", "offset": [4359, 4376]}, {"key": "relationship-between", "type": "clause", "offset": [4659, 4679]}, {"key": "contracting-parties", "type": "definition", "offset": [4680, 4699]}, {"key": "based-on", "type": "clause", "offset": [4802, 4810]}, {"key": "breach-of-fiduciary-duty", "type": "clause", "offset": [4822, 4846]}, {"key": "in-connection-with", "type": "clause", "offset": [4875, 4893]}, {"key": "contemplated-hereby", "type": "clause", "offset": [4933, 4952]}, {"key": "any-loan", "type": "clause", "offset": [4992, 5000]}, {"key": "to-account", "type": "definition", "offset": [5049, 5059]}, {"key": "received-by", "type": "definition", "offset": [5119, 5130]}, {"key": "for-its-own-account", "type": "clause", "offset": [5156, 5175]}, {"key": "the-administrative-agent-may-perform", "type": "clause", "offset": [5181, 5217]}, {"key": "and-exercise", "type": "clause", "offset": [5236, 5248]}, {"key": "rights-and-powers", "type": "clause", "offset": [5253, 5270]}, {"key": "respective-rights", "type": "clause", "offset": [5505, 5522]}, {"key": "related-parties", "type": "clause", "offset": [5559, 5574]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [5592, 5618]}, {"key": "respective-activities", "type": "definition", "offset": [5757, 5778]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [5779, 5805]}, {"key": "responsible-for", "type": "clause", "offset": [5845, 5860]}, {"key": "negligence-or-misconduct", "type": "clause", "offset": [5865, 5889]}, {"key": "except-to-the-extent", "type": "clause", "offset": [5907, 5927]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [5935, 5966]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [6057, 6095]}, {"key": "selection-of", "type": "definition", "offset": [6103, 6115]}, {"key": "joint-lead-arrangers", "type": "clause", "offset": [6149, 6169]}, {"key": "no-liability", "type": "definition", "offset": [6296, 6308]}, {"key": "in-case-of", "type": "clause", "offset": [6442, 6452]}, {"key": "similar-law", "type": "clause", "offset": [6589, 6600]}, {"key": "in-effect", "type": "definition", "offset": [6618, 6627]}, {"key": "principal-of", "type": "definition", "offset": [6683, 6695]}, {"key": "any-advance", "type": "clause", "offset": [6696, 6707]}, {"key": "due-and-payable", "type": "definition", "offset": [6754, 6769]}, {"key": "to-file", "type": "definition", "offset": [7023, 7030]}, {"key": "principal-and-interest", "type": "definition", "offset": [7077, 7099]}, {"key": "in-respect-of", "type": "definition", "offset": [7117, 7130]}, {"key": "the-advances", "type": "clause", "offset": [7131, 7143]}, {"key": "reimbursement-obligations", "type": "definition", "offset": [7145, 7170]}, {"key": "other-obligations", "type": "clause", "offset": [7179, 7196]}, {"key": "other-documents", "type": "definition", "offset": [7240, 7255]}, {"key": "in-order-to", "type": "clause", "offset": [7289, 7300]}, {"key": "claims-of", "type": "clause", "offset": [7310, 7319]}, {"key": "judicial-proceeding", "type": "clause", "offset": [7466, 7485]}, {"key": "other-property", "type": "clause", "offset": [7533, 7547]}, {"key": "distribute-the", "type": "clause", "offset": [7597, 7611]}, {"key": "authorized-by", "type": "clause", "offset": [7750, 7763]}, {"key": "payments-to-the-administrative-agent", "type": "clause", "offset": [7812, 7848]}, {"key": "in-the-event", "type": "clause", "offset": [7854, 7866]}, {"key": "consent-to", "type": "definition", "offset": [7903, 7913]}, {"key": "pay-to", "type": "definition", "offset": [7992, 7998]}, {"key": "nothing-contained", "type": "definition", "offset": [8148, 8165]}, {"key": "plan-of-reorganization", "type": "definition", "offset": [8318, 8340]}, {"key": "obligations-of", "type": "clause", "offset": [8395, 8409]}, {"key": "rights-of", "type": "definition", "offset": [8440, 8449]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [8610, 8632]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [8652, 8670]}, {"key": "the-conditions", "type": "clause", "offset": [8829, 8843]}, {"key": "the-borrowers", "type": "definition", "offset": [8879, 8892]}, {"key": "respective-affiliates", "type": "definition", "offset": [8928, 8949]}, {"key": "third-party-beneficiary", "type": "definition", "offset": [8978, 9001]}], "size": 600, "snippet": "(a) Each Lender and each Fronting Bank hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors and assigns to serve as the administrative agent under the Loan Documents and each Lender and each Fronting Bank authorizes the Administrative Agent to take such actions as agent on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the Administrative Agent under such agreements and to exercise such powers as are reasonably incidental thereto. Without limiting the foregoing, each Lender and each Fronting Bank hereby authorizes the Administrative Agent to execute and deliver, and to perform its obligations under, each of the Loan Documents to which the Administrative Agent is a party, and to exercise all rights, powers and remedies that the Administrative Agent may have under such Loan Documents.\n(b) As to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary, pursuant to the terms in the Loan Documents), and, unless and until revoked in writing, such instructions shall be binding upon each Lender and each Fronting Bank; provided, however, that the Administrative Agent shall not be required to take any action that (i) the Administrative Agent in good faith believes exposes it to liability unless the Administrative Agent receives an indemnification and is exculpated in a manner satisfactory to it from the Lenders and the Fronting Banks with respect to such action or (ii) is contrary to this Agreement or any other Loan Document or applicable law, including any action that may be in violation of the automatic stay under any requirement of law relating to bankruptcy, insolvency or reorganization or relief of debtors or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any requirement of law relating to bankruptcy, insolvency or reorganization or relief of debtors; provided, further, that the Administrative Agent may seek clarification or direction from the Majority Lenders prior to the exercise of any such instructed action and may refrain from acting until such clarification or direction has been provided. Except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Borrower, any Subsidiary or any Affiliate of any of the foregoing that is communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. Nothing in this Agreement shall require the Administrative Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.\n(c) In performing its functions and duties hereunder and under the other Loan Documents, the Administrative Agent is acting solely on behalf of the Lenders and the Fronting Banks (except in limited circumstances expressly provided for herein relating to the maintenance of the Register), and its duties are entirely mechanical and administrative in nature. Without limiting the generality of the foregoing:\n(i) the Administrative Agent does not assume and shall not be deemed to have assumed any obligation or duty or any other relationship as the agent, fiduciary or trustee of or for any Lender, Fronting Bank or holder of any other obligation other than as expressly set forth herein and in the other Loan Documents, regardless of whether an Unmatured Default or an Event of Default has occurred and is continuing (and it is understood and agreed that the use of the term \u201cagent\u201d (or any similar term) herein or in any other Loan Document with reference to the Administrative Agent is not intended to connote any fiduciary duty or other implied (or express) obligations arising under agency doctrine of any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties); additionally, each Lender agrees that it will not assert any claim against the Administrative Agent based on an alleged breach of fiduciary duty by the Administrative Agent in connection with this Agreement and/or the transactions contemplated hereby; and\n(ii) nothing in this Agreement or any Loan Document shall require the Administrative Agent to account to any Lender for any sum or the profit element of any sum received by the Administrative Agent for its own account.\n(d) The Administrative Agent may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub- agent may perform any of their respective duties and exercise their respective rights and powers through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities pursuant to this Agreement. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agent except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agent.\n(e) None of the \u201cJoint Lead Arrangers\u201d shall have obligations or duties whatsoever in such capacity under this Agreement or any other Loan Document and shall incur no liability hereunder or thereunder in such capacity, but all such persons shall have the benefit of the indemnities provided for hereunder.\n(f) In case of the pendency of any proceeding with respect to any Borrower under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, the Administrative Agent (irrespective of whether the principal of any Advance or any Reimbursement Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:\n(i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Advances, Reimbursement Obligations and all other obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Fronting Banks and the Administrative Agent (including any claim under Sections 2.05, 2.08, 2.13, 2.16 and 8.05) allowed in such judicial proceeding; and\n(ii) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each Lender and each Fronting Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders or the Fronting Banks, to pay to the Administrative Agent any amount due to it, in its capacity as the Administrative Agent, under the Loan Documents (including under Section 8.05). Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or Fronting Bank any plan of reorganization, arrangement, adjustment or composition affecting the obligations of any Borrower hereunder or the rights of any Lender or Fronting Bank or to authorize the Administrative Agent to vote in respect of the claim of any Lender or Fronting Bank in any such proceeding.\n(g) The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Fronting Banks, and, except solely to the extent of any Borrower\u2019s rights to consent pursuant to and subject to the conditions set forth in this Article, none of the Borrowers or any Subsidiary, or any of their respective Affiliates, shall have any rights as a third party beneficiary under any such provisions.", "hash": "e74bf542d70bde87d203b639ff8c3bf5", "id": 1}, {"samples": [{"hash": "tqCTincrTz", "uri": "/contracts/tqCTincrTz#authorization-and-action", "label": "364 Day Credit Agreement (SBC Communications Inc)", "score": 21.0, "published": true}, {"hash": "mHQ1xNfRjP", "uri": "/contracts/mHQ1xNfRjP#authorization-and-action", "label": "Credit Agreement (SBC Communications Inc)", "score": 21.0, "published": true}, {"hash": "lVRJOsHg8Xo", "uri": "/contracts/lVRJOsHg8Xo#authorization-and-action", "label": "Credit Agreement (News Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "to-exercise", "type": "clause", "offset": [100, 111]}, {"key": "by-this-agreement", "type": "clause", "offset": [335, 352]}, {"key": "without-limitation", "type": "clause", "offset": [365, 383]}, {"key": "collection-of-the-notes", "type": "clause", "offset": [400, 423]}, {"key": "the-agent-shall", "type": "clause", "offset": [426, 441]}, {"key": "any-action", "type": "definition", "offset": [493, 503]}, {"key": "to-act", "type": "definition", "offset": [527, 533]}, {"key": "instructions-of-the-required-lenders", "type": "clause", "offset": [639, 675]}, {"key": "instructions-shall", "type": "definition", "offset": [686, 704]}, {"key": "binding-upon", "type": "clause", "offset": [708, 720]}, {"key": "all-lenders", "type": "definition", "offset": [721, 732]}, {"key": "holders-of-notes", "type": "clause", "offset": [741, 757]}, {"key": "personal-liability", "type": "definition", "offset": [860, 878]}, {"key": "agreement-or", "type": "definition", "offset": [907, 919]}, {"key": "applicable-law", "type": "definition", "offset": [920, 934]}, {"key": "agrees-to", "type": "clause", "offset": [946, 955]}, {"key": "notice-of", "type": "definition", "offset": [983, 992]}, {"key": "notice-given", "type": "clause", "offset": [998, 1010]}, {"key": "by-the-borrower", "type": "clause", "offset": [1017, 1032]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1049, 1072]}], "size": 388, "snippet": "Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and all holders of Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.", "hash": "b84b258581652183b38cd2e919311b76", "id": 2}, {"samples": [{"hash": "2RVBz7xGGU3", "uri": "/contracts/2RVBz7xGGU3#authorization-and-action", "label": "Credit Agreement (Runway Growth Finance Corp.)", "score": 33.3039016724, "published": true}, {"hash": "bfXpEZ6bSR", "uri": "/contracts/bfXpEZ6bSR#authorization-and-action", "label": "Credit Agreement (Runway Growth Finance Corp.)", "score": 32.7371673584, "published": true}, {"hash": "6KSdBXe0sqg", "uri": "/contracts/6KSdBXe0sqg#authorization-and-action", "label": "Credit Agreement (Runway Growth Credit Fund Inc.)", "score": 30.4264202118, "published": true}], "snippet_links": [{"key": "secured-party", "type": "definition", "offset": [9, 22]}, {"key": "agent-hereunder", "type": "clause", "offset": [80, 95]}, {"key": "actions-as-agent", "type": "clause", "offset": [133, 149]}, {"key": "to-exercise", "type": "clause", "offset": [168, 179]}, {"key": "administrative-agent-by", "type": "definition", "offset": [216, 239]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [244, 267]}, {"key": "agent-shall", "type": "definition", "offset": [351, 362]}, {"key": "fiduciary-relationship", "type": "definition", "offset": [452, 474]}, {"key": "no-implied-covenants", "type": "clause", "offset": [503, 523]}, {"key": "agreement-or", "type": "definition", "offset": [653, 665]}, {"key": "functions-and-duties", "type": "clause", "offset": [730, 750]}, {"key": "the-secured-parties", "type": "clause", "offset": [817, 836]}, {"key": "for-the-borrower", "type": "clause", "offset": [951, 967]}, {"key": "successors-or-assigns", "type": "definition", "offset": [982, 1003]}, {"key": "any-action", "type": "definition", "offset": [1060, 1070]}, {"key": "personal-liability", "type": "definition", "offset": [1112, 1130]}, {"key": "to-this-agreement", "type": "clause", "offset": [1151, 1168]}, {"key": "applicable-law", "type": "definition", "offset": [1172, 1186]}, {"key": "appointment-and-authority-of-the-administrative-agent", "type": "clause", "offset": [1192, 1245]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [1292, 1326]}, {"key": "each-lender", "type": "clause", "offset": [1332, 1343]}, {"key": "lender-group", "type": "definition", "offset": [1412, 1424]}, {"key": "the-managing-agents", "type": "clause", "offset": [1585, 1604]}, {"key": "the-applicable", "type": "clause", "offset": [1954, 1968]}, {"key": "the-lenders", "type": "clause", "offset": [2172, 2183]}, {"key": "related-lender", "type": "definition", "offset": [2191, 2205]}], "size": 284, "snippet": "(a) Each Secured Party hereby designates and appoints KeyBank as Administrative Agent hereunder, and authorizes KeyBank to take such actions as agent on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms of this Agreement together with such powers as are reasonably incidental thereto. The Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Secured Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or otherwise exist for the Administrative Agent. In performing its functions and duties hereunder, the Administrative Agent shall act solely as agent for the Secured Parties and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Borrower or any of its successors or assigns. The Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or Applicable Law. The appointment and authority of the Administrative Agent hereunder shall terminate at the indefeasible payment in full of the Obligations.\n(b) Each Lender hereby designates and appoints the Managing Agent for such Lender\u2019s Lender Group as its Managing Agent hereunder, and authorizes such Managing Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Managing Agents by the terms of this Agreement together with such powers as are reasonably incidental thereto. No Managing Agent shall have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the applicable Managing Agent shall be read into this Agreement or otherwise exist for the applicable Managing Agent. In performing its functions and duties hereunder, each Managing Agent shall act solely as agent for the Lenders in the related Lender Group and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Borrower or any of its successors or assigns. No Managing Agent shall be required to take any action that exposes it to personal liability or that is contrary to this Agreement or Applicable Law. The appointment and authority of each Managing Agent hereunder shall terminate at the indefeasible payment in full of the Obligations.", "hash": "681ec67f4850f3b4219995947f3d52e5", "id": 3}, {"samples": [{"hash": "krMnSWk3YBF", "uri": "/contracts/krMnSWk3YBF#authorization-and-action", "label": "Credit Agreement (Appalachian Power Co)", "score": 21.0, "published": true}, {"hash": "hNV3elEov3B", "uri": "/contracts/hNV3elEov3B#authorization-and-action", "label": "Credit Agreement (Southwestern Electric Power Co)", "score": 21.0, "published": true}, {"hash": "9S43SOwnFW", "uri": "/contracts/9S43SOwnFW#authorization-and-action", "label": "Credit Agreement (Columbus Southern Power Co /Oh/)", "score": 21.0, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "to-exercise", "type": "clause", "offset": [115, 126]}, {"key": "administrative-agent-by", "type": "definition", "offset": [199, 222]}, {"key": "in-this-agreement", "type": "clause", "offset": [361, 378]}, {"key": "subject-to-the", "type": "definition", "offset": [388, 402]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [480, 523]}, {"key": "agents-and-employees", "type": "clause", "offset": [550, 570]}, {"key": "by-this-agreement", "type": "clause", "offset": [617, 634]}, {"key": "without-limitation", "type": "clause", "offset": [647, 665]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [700, 722]}, {"key": "agent-shall", "type": "definition", "offset": [744, 755]}, {"key": "any-action", "type": "definition", "offset": [807, 817]}, {"key": "to-act", "type": "definition", "offset": [841, 847]}, {"key": "instructions-of-the-required-lenders", "type": "clause", "offset": [953, 989]}, {"key": "instructions-shall", "type": "definition", "offset": [1000, 1018]}, {"key": "binding-upon", "type": "clause", "offset": [1022, 1034]}, {"key": "all-lenders", "type": "definition", "offset": [1035, 1046]}, {"key": "personal-liability", "type": "definition", "offset": [1179, 1197]}, {"key": "agreement-or", "type": "definition", "offset": [1226, 1238]}, {"key": "applicable-law", "type": "definition", "offset": [1239, 1253]}, {"key": "agrees-to", "type": "clause", "offset": [1280, 1289]}, {"key": "notice-of", "type": "definition", "offset": [1317, 1326]}, {"key": "notice-given", "type": "clause", "offset": [1332, 1344]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1383, 1406]}], "size": 281, "snippet": "Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters expressly provided for in this Agreement as being subject to the discretion of the Administrative Agent, such matters shall be subject to the sole discretion of the Administrative Agent, its directors, officers, agents and employees. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the outstanding Borrowings), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or Applicable Law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by any Borrower pursuant to the terms of this Agreement.", "hash": "0b700023ee0c9ced9e604ea9bd355049", "id": 4}, {"samples": [{"hash": "a28xyHANjAf", "uri": "/contracts/a28xyHANjAf#authorization-and-action", "label": "Term Loan Agreement (Kite Realty Group, L.P.)", "score": 29.8158798218, "published": true}, {"hash": "6LQf3KhpBjE", "uri": "/contracts/6LQf3KhpBjE#authorization-and-action", "label": "Term Loan Agreement (Kite Realty Group, L.P.)", "score": 26.8261470795, "published": true}, {"hash": "jWabMCJVvq9", "uri": "/contracts/jWabMCJVvq9#authorization-and-action", "label": "Credit Agreement (Kite Realty Group Trust)", "score": 24.1704311371, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "to-exercise", "type": "clause", "offset": [131, 142]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [166, 204]}, {"key": "the-foregoing", "type": "clause", "offset": [366, 379]}, {"key": "authorizes-and-directs", "type": "clause", "offset": [393, 415]}, {"key": "to-enter", "type": "definition", "offset": [426, 434]}, {"key": "the-loan-documents", "type": "clause", "offset": [440, 458]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [467, 489]}, {"key": "action-taken", "type": "clause", "offset": [565, 577]}, {"key": "agreement-or", "type": "definition", "offset": [645, 657]}, {"key": "other-powers", "type": "clause", "offset": [782, 794]}, {"key": "binding-upon", "type": "clause", "offset": [857, 869]}, {"key": "trustee-or-fiduciary", "type": "clause", "offset": [944, 964]}, {"key": "agent-duties", "type": "clause", "offset": [1001, 1013]}, {"key": "the-request", "type": "clause", "offset": [1080, 1091]}, {"key": "a-lender", "type": "definition", "offset": [1095, 1103]}, {"key": "the-agent-will", "type": "clause", "offset": [1105, 1119]}, {"key": "where-appropriate", "type": "definition", "offset": [1154, 1171]}, {"key": "documents-delivered", "type": "clause", "offset": [1190, 1209]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [1223, 1249]}, {"key": "furnish-to", "type": "clause", "offset": [1299, 1309]}, {"key": "a-copy-of", "type": "clause", "offset": [1355, 1364]}, {"key": "by-the-borrower", "type": "clause", "offset": [1414, 1429]}, {"key": "loan-party", "type": "clause", "offset": [1435, 1445]}, {"key": "of-the-borrower", "type": "clause", "offset": [1469, 1484]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1593, 1616]}, {"key": "without-limitation", "type": "clause", "offset": [1729, 1747]}, {"key": "the-obligations", "type": "clause", "offset": [1785, 1800]}, {"key": "the-agent-shall", "type": "clause", "offset": [1803, 1818]}, {"key": "to-act", "type": "definition", "offset": [1904, 1910]}, {"key": "instructions-of-the-requisite-lenders", "type": "clause", "offset": [2016, 2053]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [2110, 2143]}, {"key": "instructions-shall", "type": "definition", "offset": [2155, 2173]}, {"key": "all-lenders", "type": "definition", "offset": [2190, 2201]}, {"key": "holders-of", "type": "clause", "offset": [2210, 2220]}, {"key": "agreement-to", "type": "clause", "offset": [2303, 2315]}, {"key": "personal-liability", "type": "definition", "offset": [2408, 2426]}, {"key": "contrary-to", "type": "definition", "offset": [2439, 2450]}, {"key": "applicable-law", "type": "definition", "offset": [2496, 2510]}, {"key": "right-or-remedy", "type": "clause", "offset": [2581, 2596]}, {"key": "upon-the-occurrence-of-a-default", "type": "clause", "offset": [2648, 2680]}, {"key": "an-event-of-default", "type": "definition", "offset": [2684, 2703]}, {"key": "such-right", "type": "definition", "offset": [2772, 2782]}], "size": 254, "snippet": "Each Lender hereby appoints and authorizes the Agent to take such action as contractual representative on such Lender\u2019s behalf and to exercise such powers under this Agreement and the other Loan Documents as are specifically delegated to the Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Not in limitation of the foregoing, each Lender authorizes and directs the Agent to enter into the Loan Documents for the benefit of the Lenders. Each Lender hereby agrees that, except as otherwise set forth herein, any action taken by the Requisite Lenders in accordance with the provisions of this Agreement or the Loan Documents, and the exercise by the Requisite Lenders of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. Nothing herein shall be construed to deem the Agent a trustee or fiduciary for any Lender nor to impose on the Agent duties or obligations other than those expressly provided for herein. At the request of a Lender, the Agent will forward to such Lender copies or, where appropriate, originals of the documents delivered to the Agent pursuant to this Agreement or the other Loan Documents. The Agent will also furnish to any Lender, upon the request of such Lender, a copy of any certificate or notice furnished to the Agent by the Borrower, any Loan Party or any other Affiliate of the Borrower, pursuant to this Agreement or any other Loan Document not already delivered to such Lender pursuant to the terms of this Agreement or any such other Loan Document. As to any matters not expressly provided for by the Loan Documents (including, without limitation, enforcement or collection of any of the Obligations), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Requisite Lenders (or all of the Lenders if explicitly required under any other provision of this Agreement), and such instructions shall be binding upon all Lenders and all holders of any of the Obligations; provided, however, that, notwithstanding anything in this Agreement to the contrary, the Agent shall not be required to take any action which exposes the Agent to personal liability or which is contrary to this Agreement or any other Loan Document or Applicable Law. Not in limitation of the foregoing, the Agent shall not exercise any right or remedy it or the Lenders may have under any Loan Document upon the occurrence of a Default or an Event of Default unless the Requisite Lenders have so directed the Agent to exercise such right or remedy.", "hash": "e067f2cf18a208d95f0b39c9e74ff59e", "id": 5}, {"samples": [{"hash": "iUDEnJqdhg5", "uri": "/contracts/iUDEnJqdhg5#authorization-and-action", "label": "Credit Agreement (DTE Electric Co)", "score": 36.8220405579, "published": true}, {"hash": "4bksrPxpg3l", "uri": "/contracts/4bksrPxpg3l#authorization-and-action", "label": "Credit Agreement (DTE Electric Co)", "score": 36.8220405579, "published": true}, {"hash": "edoS8L6FIfp", "uri": "/contracts/edoS8L6FIfp#authorization-and-action", "label": "Credit Agreement (DTE Electric Co)", "score": 33.8186187744, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "to-exercise", "type": "clause", "offset": [100, 111]}, {"key": "by-this-agreement", "type": "clause", "offset": [335, 352]}, {"key": "without-limitation", "type": "clause", "offset": [365, 383]}, {"key": "the-revolving-credit-advances", "type": "clause", "offset": [414, 443]}, {"key": "the-agent-shall", "type": "clause", "offset": [446, 461]}, {"key": "any-action", "type": "definition", "offset": [513, 523]}, {"key": "to-act", "type": "definition", "offset": [547, 553]}, {"key": "instructions-of-the-required-lenders", "type": "clause", "offset": [659, 695]}, {"key": "the-lenders", "type": "clause", "offset": [707, 718]}, {"key": "to-the-extent", "type": "clause", "offset": [719, 732]}, {"key": "required-by", "type": "definition", "offset": [733, 744]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [749, 772]}, {"key": "instructions-shall", "type": "definition", "offset": [784, 802]}, {"key": "binding-upon", "type": "clause", "offset": [806, 818]}, {"key": "all-lenders", "type": "definition", "offset": [819, 830]}, {"key": "holders-of", "type": "clause", "offset": [839, 849]}, {"key": "personal-liability", "type": "definition", "offset": [978, 996]}, {"key": "agreement-or", "type": "definition", "offset": [1025, 1037]}, {"key": "applicable-law", "type": "definition", "offset": [1038, 1052]}, {"key": "agrees-to", "type": "clause", "offset": [1064, 1073]}, {"key": "notice-of", "type": "definition", "offset": [1101, 1110]}, {"key": "notice-given", "type": "clause", "offset": [1116, 1128]}, {"key": "by-the-borrower", "type": "clause", "offset": [1135, 1150]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [1151, 1172]}], "size": 245, "snippet": "Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advances; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.", "hash": "02e173504bfcf72d94b9883a1c678987", "id": 6}, {"samples": [{"hash": "jrfzcgC5ZWQ", "uri": "/contracts/jrfzcgC5ZWQ#authorization-and-action", "label": "Receivables Purchase Agreement (Patterson Companies, Inc.)", "score": 35.9267616272, "published": true}, {"hash": "gwTkVcBA7pD", "uri": "/contracts/gwTkVcBA7pD#authorization-and-action", "label": "Receivables Purchase Agreement (Patterson Companies, Inc.)", "score": 35.9267616272, "published": true}, {"hash": "hc88LSD0b2e", "uri": "/contracts/hc88LSD0b2e#authorization-and-action", "label": "Receivables Purchase Agreement (Patterson Companies, Inc.)", "score": 35.6557159424, "published": true}], "snippet_links": [{"key": "each-purchaser", "type": "definition", "offset": [0, 14]}, {"key": "to-act", "type": "definition", "offset": [51, 57]}, {"key": "agent-hereunder", "type": "clause", "offset": [65, 80]}, {"key": "actions-as-agent", "type": "clause", "offset": [158, 174]}, {"key": "to-exercise", "type": "clause", "offset": [193, 204]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [250, 273]}, {"key": "other-transaction-documents", "type": "clause", "offset": [282, 309]}, {"key": "agent-shall", "type": "definition", "offset": [374, 385]}, {"key": "fiduciary-relationship", "type": "definition", "offset": [512, 534]}, {"key": "no-implied-covenants", "type": "clause", "offset": [559, 579]}, {"key": "agreement-or", "type": "definition", "offset": [690, 702]}, {"key": "functions-and-duties", "type": "clause", "offset": [782, 802]}, {"key": "the-purchasers", "type": "clause", "offset": [892, 906]}, {"key": "seller-party", "type": "definition", "offset": [1029, 1041]}, {"key": "purchaser-agent", "type": "definition", "offset": [1049, 1064]}, {"key": "successors-or-assigns", "type": "definition", "offset": [1116, 1137]}, {"key": "any-action", "type": "definition", "offset": [1175, 1185]}, {"key": "personal-liability", "type": "definition", "offset": [1208, 1226]}, {"key": "to-this-agreement", "type": "clause", "offset": [1247, 1264]}, {"key": "applicable-law", "type": "definition", "offset": [1300, 1314]}, {"key": "appointment-and-authority-of-agent", "type": "clause", "offset": [1320, 1354]}, {"key": "payment-in-full", "type": "clause", "offset": [1403, 1418]}, {"key": "aggregate-unpaids", "type": "definition", "offset": [1426, 1443]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [1518, 1541]}, {"key": "and-amendments", "type": "clause", "offset": [1581, 1595]}, {"key": "on-behalf-of", "type": "clause", "offset": [1645, 1657]}, {"key": "such-purchaser", "type": "definition", "offset": [1658, 1672]}], "size": 207, "snippet": "Each Purchaser hereby designates and appoints MUFG to act as its agent hereunder and under each other Transaction Document, and authorizes Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to Agent by the terms of this Agreement and the other Transaction Documents together with such powers as are reasonably incidental thereto. Agent shall not have any duties or responsibilities, except those expressly set forth herein or in any other Transaction Document, or any fiduciary relationship with any Purchaser, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of Agent shall be read into this Agreement or any other Transaction Document or otherwise exist for Agent. In performing its functions and duties hereunder and under the other Transaction Documents, Agent shall act solely as agent for the Purchasers and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for any Seller Party or any Purchaser Agent or any of such Seller Party\u2019s or Purchaser Agent\u2019s successors or assigns. Agent shall not be required to take any action that exposes Agent to personal liability or that is contrary to this Agreement, any other Transaction Document or applicable law. The appointment and authority of Agent hereunder shall terminate upon the indefeasible payment in full of all Aggregate Unpaids. Each Purchaser hereby authorizes Agent to authorize and file each of the Uniform Commercial Code financing or continuations statements (and amendments thereto and assignments or terminations thereof) on behalf of such Purchaser (the terms of which shall be binding on such Purchaser).", "hash": "b0a993325f3d1fb7c7207c3f54880fcf", "id": 8}, {"samples": [{"hash": "c1p81pZk46w", "uri": "/contracts/c1p81pZk46w#authorization-and-action", "label": "Receivables Financing Agreement (Oncor Electric Delivery Co LLC)", "score": 37.3449707031, "published": true}, {"hash": "2grfvF1II6m", "uri": "/contracts/2grfvF1II6m#authorization-and-action", "label": "Receivables Financing Agreement (Compass Minerals International Inc)", "score": 37.3449707031, "published": true}, {"hash": "7DRA7rGW1Cg", "uri": "/contracts/7DRA7rGW1Cg#authorization-and-action", "label": "Loan and Security Agreement (Marathon Petroleum Corp)", "score": 37.3394927979, "published": true}], "snippet_links": [{"key": "credit-party", "type": "definition", "offset": [5, 17]}, {"key": "the-administrative-agent", "type": "definition", "offset": [49, 73]}, {"key": "to-exercise", "type": "clause", "offset": [121, 132]}, {"key": "administrative-agent-by", "type": "definition", "offset": [190, 213]}, {"key": "the-terms", "type": "definition", "offset": [214, 223]}, {"key": "agent-shall", "type": "definition", "offset": [315, 326]}, {"key": "the-transaction-documents", "type": "clause", "offset": [387, 412]}, {"key": "no-implied-obligations", "type": "clause", "offset": [418, 440]}, {"key": "obligation-to", "type": "clause", "offset": [641, 654]}, {"key": "the-borrower", "type": "definition", "offset": [697, 709]}, {"key": "agreement-or", "type": "definition", "offset": [848, 860]}, {"key": "other-transaction", "type": "definition", "offset": [865, 882]}, {"key": "in-no-event-shall", "type": "clause", "offset": [893, 910]}, {"key": "any-action", "type": "definition", "offset": [961, 971]}, {"key": "personal-liability", "type": "definition", "offset": [1014, 1032]}, {"key": "contrary-to", "type": "definition", "offset": [1045, 1056]}, {"key": "applicable-law", "type": "definition", "offset": [1102, 1116]}], "size": 204, "snippet": "Each Credit Party hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto. The Administrative Agent shall not have any duties other than those expressly set forth in the Transaction Documents, and no implied obligations or liabilities shall be read into any Transaction Document, or otherwise exist, against the Administrative Agent. The Administrative Agent does not assume, nor shall it be deemed to have assumed, any obligation to, or relationship of trust or agency with, the Borrower or any Affiliate thereof or any Credit Party except for any obligations expressly set forth herein. Notwithstanding any provision of this Agreement or any other Transaction Document, in no event shall the Administrative Agent ever be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to any provision of any Transaction Document or Applicable Law.", "hash": "5a3c788a0c278fd3b00ae8103ee8a234", "id": 9}, {"samples": [{"hash": "2aomRGeoHbG", "uri": "/contracts/2aomRGeoHbG#authorization-and-action", "label": "Credit Agreement (Columbia Funds Variable Series Trust II)", "score": 36.8384666443, "published": true}, {"hash": "g1I5pKKUsPh", "uri": "/contracts/g1I5pKKUsPh#authorization-and-action", "label": "Credit Agreement (Columbia Funds Variable Series Trust II)", "score": 35.8665313721, "published": true}, {"hash": "jBnVfo9aVJY", "uri": "/contracts/jBnVfo9aVJY#authorization-and-action", "label": "Credit Agreement (Columbia Acorn Trust)", "score": 35.3052711487, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [4, 15]}, {"key": "the-entity", "type": "clause", "offset": [44, 54]}, {"key": "successors-and-assigns", "type": "definition", "offset": [126, 148]}, {"key": "to-serve", "type": "definition", "offset": [149, 157]}, {"key": "the-loan-documents", "type": "clause", "offset": [192, 210]}, {"key": "actions-as-agent", "type": "clause", "offset": [277, 293]}, {"key": "to-exercise", "type": "clause", "offset": [312, 323]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [347, 385]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [519, 549]}, {"key": "execute-and-deliver", "type": "clause", "offset": [609, 628]}, {"key": "a-party", "type": "clause", "offset": [732, 739]}, {"key": "exercise-all-rights", "type": "definition", "offset": [744, 763]}, {"key": "powers-and-remedies", "type": "clause", "offset": [765, 784]}, {"key": "agent-shall", "type": "definition", "offset": [997, 1008]}, {"key": "any-action", "type": "definition", "offset": [1060, 1070]}, {"key": "to-act", "type": "definition", "offset": [1094, 1100]}, {"key": "instructions-of-the-required-lenders", "type": "clause", "offset": [1214, 1250]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [1325, 1346]}, {"key": "in-writing", "type": "definition", "offset": [1401, 1411]}, {"key": "instructions-shall", "type": "definition", "offset": [1418, 1436]}, {"key": "binding-upon", "type": "clause", "offset": [1440, 1452]}, {"key": "in-good-faith", "type": "definition", "offset": [1590, 1603]}, {"key": "with-respect-to", "type": "clause", "offset": [1768, 1783]}, {"key": "contrary-to", "type": "definition", "offset": [1807, 1818]}, {"key": "agreement-or", "type": "definition", "offset": [1824, 1836]}, {"key": "applicable-law", "type": "definition", "offset": [1864, 1878]}, {"key": "violation-of-the", "type": "clause", "offset": [1916, 1932]}, {"key": "automatic-stay", "type": "definition", "offset": [1933, 1947]}, {"key": "requirement-of-law", "type": "clause", "offset": [1958, 1976]}, {"key": "relating-to", "type": "definition", "offset": [1977, 1988]}, {"key": "insolvency-or-reorganization", "type": "clause", "offset": [2001, 2029]}, {"key": "termination-of", "type": "definition", "offset": [2100, 2114]}, {"key": "defaulting-lender", "type": "definition", "offset": [2129, 2146]}, {"key": "seek-clarification", "type": "clause", "offset": [2314, 2332]}, {"key": "prior-to-the", "type": "clause", "offset": [2372, 2384]}, {"key": "exercise-of", "type": "clause", "offset": [2385, 2396]}, {"key": "duty-to-disclose", "type": "clause", "offset": [2606, 2622]}, {"key": "failure-to-disclose", "type": "clause", "offset": [2656, 2675]}, {"key": "affiliate-of", "type": "definition", "offset": [2741, 2753]}, {"key": "any-capacity", "type": "definition", "offset": [2885, 2897]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [2899, 2924]}, {"key": "require-the", "type": "clause", "offset": [2931, 2942]}, {"key": "own-funds", "type": "clause", "offset": [2986, 2995]}, {"key": "financial-liability", "type": "clause", "offset": [3019, 3038]}, {"key": "in-the-performance", "type": "clause", "offset": [3039, 3057]}, {"key": "rights-or-powers", "type": "clause", "offset": [3122, 3138]}, {"key": "reasonable-grounds", "type": "definition", "offset": [3156, 3174]}, {"key": "repayment-of", "type": "clause", "offset": [3194, 3206]}, {"key": "functions-and-duties", "type": "clause", "offset": [3326, 3346]}, {"key": "on-behalf-of", "type": "clause", "offset": [3435, 3447]}, {"key": "maintenance-of-the-register", "type": "clause", "offset": [3539, 3566]}, {"key": "commercial-in-nature", "type": "definition", "offset": [3686, 3706]}, {"key": "general-performance", "type": "clause", "offset": [3732, 3751]}, {"key": "operations-of-the-borrower", "type": "clause", "offset": [3755, 3781]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [3783, 3831]}, {"key": "the-agent", "type": "clause", "offset": [3970, 3979]}, {"key": "a-default", "type": "definition", "offset": [4153, 4162]}, {"key": "an-event-of-default", "type": "definition", "offset": [4166, 4185]}, {"key": "it-is-understood-and-agreed-that", "type": "definition", "offset": [4222, 4254]}, {"key": "use-of-the-term", "type": "clause", "offset": [4259, 4274]}, {"key": "with-reference-to", "type": "clause", "offset": [4342, 4359]}, {"key": "relationship-between", "type": "clause", "offset": [4642, 4662]}, {"key": "contracting-parties", "type": "definition", "offset": [4663, 4682]}, {"key": "based-on", "type": "clause", "offset": [4785, 4793]}, {"key": "breach-of-fiduciary-duty", "type": "clause", "offset": [4805, 4829]}, {"key": "in-connection-with", "type": "clause", "offset": [4858, 4876]}, {"key": "contemplated-hereby", "type": "clause", "offset": [4913, 4932]}, {"key": "any-loan", "type": "clause", "offset": [4972, 4980]}, {"key": "to-account", "type": "definition", "offset": [5029, 5039]}, {"key": "received-by", "type": "definition", "offset": [5099, 5110]}, {"key": "for-its-own-account", "type": "clause", "offset": [5136, 5155]}, {"key": "the-administrative-agent-may-perform", "type": "clause", "offset": [5161, 5197]}, {"key": "and-exercise", "type": "clause", "offset": [5216, 5228]}, {"key": "rights-and-powers", "type": "clause", "offset": [5233, 5250]}, {"key": "respective-rights", "type": "clause", "offset": [5484, 5501]}, {"key": "related-parties", "type": "clause", "offset": [5538, 5553]}, {"key": "section-8", "type": "definition", "offset": [5590, 5599]}, {"key": "respective-activities", "type": "definition", "offset": [5737, 5758]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [5759, 5785]}, {"key": "no-liability", "type": "definition", "offset": [5928, 5940]}, {"key": "in-case-of", "type": "clause", "offset": [6074, 6084]}, {"key": "similar-law", "type": "clause", "offset": [6221, 6232]}, {"key": "in-effect", "type": "definition", "offset": [6250, 6259]}, {"key": "principal-of", "type": "definition", "offset": [6315, 6327]}, {"key": "loan-shall", "type": "definition", "offset": [6332, 6342]}, {"key": "due-and-payable", "type": "definition", "offset": [6351, 6366]}, {"key": "to-file", "type": "definition", "offset": [6621, 6628]}, {"key": "principal-and-interest", "type": "definition", "offset": [6675, 6697]}, {"key": "in-respect-of", "type": "definition", "offset": [6715, 6728]}, {"key": "the-loans", "type": "clause", "offset": [6729, 6738]}, {"key": "other-obligations", "type": "clause", "offset": [6747, 6764]}, {"key": "other-documents", "type": "definition", "offset": [6808, 6823]}, {"key": "in-order-to", "type": "clause", "offset": [6857, 6868]}, {"key": "claims-of", "type": "clause", "offset": [6878, 6887]}, {"key": "judicial-proceeding", "type": "clause", "offset": [7000, 7019]}, {"key": "other-property", "type": "clause", "offset": [7067, 7081]}, {"key": "distribute-the", "type": "clause", "offset": [7131, 7145]}, {"key": "authorized-by", "type": "clause", "offset": [7284, 7297]}, {"key": "payments-to-the-administrative-agent", "type": "clause", "offset": [7323, 7359]}, {"key": "in-the-event", "type": "clause", "offset": [7365, 7377]}, {"key": "consent-to", "type": "definition", "offset": [7414, 7424]}, {"key": "pay-to", "type": "definition", "offset": [7481, 7487]}, {"key": "section-95", "type": "clause", "offset": [7622, 7633]}, {"key": "nothing-contained", "type": "definition", "offset": [7636, 7653]}, {"key": "plan-of-reorganization", "type": "definition", "offset": [7789, 7811]}, {"key": "the-obligations", "type": "clause", "offset": [7862, 7877]}, {"key": "rights-of", "type": "definition", "offset": [7885, 7894]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [8021, 8043]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [8065, 8083]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [8084, 8124]}, {"key": "to-the-extent", "type": "clause", "offset": [8145, 8158]}, {"key": "the-conditions", "type": "clause", "offset": [8222, 8236]}, {"key": "the-borrowers", "type": "definition", "offset": [8274, 8287]}, {"key": "respective-affiliates", "type": "definition", "offset": [8323, 8344]}, {"key": "third-party-beneficiary", "type": "definition", "offset": [8373, 8396]}], "size": 197, "snippet": "(a) Each Lender hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors and assigns to serve as the administrative agent under the Loan Documents, and each Lender authorizes the Administrative Agent to take such actions as agent on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the Administrative Agent under such agreements and to exercise such powers as are reasonably incidental thereto. Without limiting the foregoing, each Lender hereby authorizes the Administrative Agent to execute and deliver, and to perform its obligations under, each of the Loan Documents to which the Administrative Agent is a party, to exercise all rights, powers and remedies that the Administrative Agent may have under such Loan Documents.\n(b) As to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, pursuant to the terms in the Loan Documents), and, unless and until revoked in writing, such instructions shall be binding upon each Lender; provided, however, that the Administrative Agent shall not be required to take any action that (i) the Administrative Agent in good faith believes exposes it to liability unless the Administrative Agent receives written indemnification and is exculpated in a manner satisfactory to it from the Lenders with respect to such action or (ii) is contrary to this Agreement or any other Loan Document or applicable law, including any action that may be in violation of the automatic stay under any requirement of law relating to bankruptcy, insolvency or reorganization or relief of debtors or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any requirement of law relating to bankruptcy, insolvency or reorganization or relief of debtors; provided, further, that the Administrative Agent may seek clarification or direction from the Required Lenders prior to the exercise of any such instructed action and may refrain from acting until such clarification or direction has been provided. Except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Borrower, any Subsidiary or any Affiliate of any of the foregoing that is communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. Nothing in this Agreement shall require the Administrative Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.\n(c) In performing its functions and duties hereunder and under the other Loan Documents, the Administrative Agent is acting solely on behalf of the Lenders (except in limited circumstances expressly provided for herein relating to the maintenance of the Register), and its duties are entirely mechanical and administrative in nature. The motivations of the Administrative Agent are commercial in nature and not to invest in the general performance or operations of the Borrower. Without limiting the generality of the foregoing:\n(i) the Administrative Agent does not assume and shall not be deemed to have assumed any obligation or duty or any other relationship as the agent, fiduciary or trustee of or for any Lender or holder of any other obligation other than as expressly set forth herein and in the other Loan Documents, regardless of whether a Default or an Event of Default has occurred and is continuing (and it is understood and agreed that the use of the term \u201cagent\u201d (or any similar term) herein or in any other Loan Document with reference to the Administrative Agent is not intended to connote any fiduciary duty or other implied (or express) obligations arising under agency doctrine of any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties); additionally, each Lender agrees that it will not assert any claim against the Administrative Agent based on an alleged breach of fiduciary duty by the Administrative Agent in connection with this Agreement and the transactions contemplated hereby; and\n(ii) nothing in this Agreement or any Loan Document shall require the Administrative Agent to account to any Lender for any sum or the profit element of any sum received by the Administrative Agent for its own account.\n(d) The Administrative Agent may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any of their respective duties and exercise their respective rights and powers through their respective Related Parties. The exculpatory provisions of this Section 8 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent and shall apply to their respective activities pursuant to this Agreement.\n(e) No Arranger shall have obligations or duties whatsoever in such capacity under this Agreement or any other Loan Document and shall incur no liability hereunder or thereunder in such capacity, but all such persons shall have the benefit of the indemnities provided for hereunder.\n(f) In case of the pendency of any proceeding with respect to any Borrower under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on such Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:\n(i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim under Sections 2.3, 2.7 and 2.10) allowed in such judicial proceeding; and\n(ii) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due to it, in its capacity as the Administrative Agent, under the Loan Documents (including under Section 9.5). Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.\n(g) The provisions of this Section 8 are solely for the benefit of the Administrative Agent and the Lenders, and, except solely to the extent of any Borrower\u2019s rights to consent pursuant to and subject to the conditions set forth in this Section 8, none of the Borrowers or any Subsidiary, or any of their respective Affiliates, shall have any rights as a third party beneficiary under any such provisions.", "hash": "883773bc7efe235d9185dc2b5e42330a", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiFhdXRob3JpemF0aW9uLWFuZC1hY3Rpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Authorization and Action", "children": [["", ""], ["amendments-etc", "Amendments, Etc"], ["authorization-and-action", "Authorization and Action"], ["certain-defined-terms", "Certain Defined Terms"], ["definitions-and-accounting-terms", "Definitions and Accounting Terms"]], "size": 5338, "parents": [["the-agent", "The Agent"], ["the-administrative-agent", "The Administrative Agent"], ["the-agents", "The Agents"], ["financial-covenants", "Financial Covenants"], ["events-of-default", "Events of Default"]], "id": "authorization-and-action", "related": [["authorization-and-approvals", "Authorization and Approvals", "Authorization and Approvals"], ["authorization-and-consent", "Authorization and Consent", "Authorization and Consent"], ["authorization-and-execution", "Authorization and Execution", "Authorization and Execution"], ["authorization-and-validity", "Authorization and Validity", "Authorization and Validity"], ["authorization-to-supplement", "AUTHORIZATION TO SUPPLEMENT", "AUTHORIZATION TO SUPPLEMENT"]], "related_snippets": [], "updated": "2026-05-30T06:04:11+00:00"}, "json": true, "cursor": ""}}