{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "indebtedness-of-the", "type": "clause", "offset": [18, 37]}, {"key": "brand-companies", "type": "definition", "offset": [38, 53]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [54, 76]}, {"key": "repaid-in-full", "type": "definition", "offset": [95, 109]}, {"key": "closing-out", "type": "clause", "offset": [113, 124]}, {"key": "the-purchase-price", "type": "clause", "offset": [128, 146]}, {"key": "in-accordance-with", "type": "clause", "offset": [147, 165]}], "size": 3, "snippet": "All of the Funded Indebtedness of the Brand Companies as of the Closing Date, if any, shall be repaid in full at Closing out of the Purchase Price in accordance with Section 3.02(a)(ii).", "samples": [{"hash": "kpT5aQ4T0aD", "uri": "/contracts/kpT5aQ4T0aD#closing-indebtedness", "label": "Membership Interest Purchase Agreement", "score": 29.3408622742, "published": true}, {"hash": "kBVmcVbjhqV", "uri": 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In addition, if reasonably requested by Parent, the Company and its Subsidiaries shall use commercially reasonable efforts to obtain from the agent under the Credit Agreement prior to the Closing Date a payoff letter with respect to the obligations under the Credit Agreement (the \u201cPayoff Letter\u201d), in form and substance customary for transactions of this type which Payoff Letter shall, among other things, include the payoff amount (and the daily accrual thereafter) and provide that Liens (and guarantees), if any, granted in connection with the Credit Agreement relating to the assets, rights and properties of the Company and its Subsidiaries securing such Indebtedness shall, upon the payment of the amount set forth in the Payoff Letter at the Closing, be released and terminated (subject to delivery of funds as arranged by Parent and the filing of appropriate UCC-3 termination statements and other termination filings). To the extent that Parent makes any request pursuant to this Section 6.16, it is understood that the obligation to provide the payment or payoff amount required under the Payoff Letter shall be solely the obligation of Parent until after the Closing has occurred.\n(b) To the extent reasonably requested by Parent, the Company shall, and shall cause its Subsidiaries to, issue at the time requested by Parent (which time may be prior to the Closing Date) one or more notices, conditioned on the occurrence of the Closing, to effect the optional redemption of all of the outstanding aggregate principal amount of the 2025 Notes and 2028 Notes in accordance with the terms of the Indenture on (or, at the option of Parent, following) the Closing Date. The Company and its Subsidiaries shall, or shall cause their counsel to, furnish legal opinions in customary form and scope in accordance with the Indenture in connection with the matters contemplated by this Section 6.16(b).", "samples": [{"hash": "b0Zvb1xTG8R", "uri": "/contracts/b0Zvb1xTG8R#closing-indebtedness", "label": "Merger Agreement (PPD, Inc.)", "score": 32.2881584167, "published": true}, {"hash": "9oB2GhzrrmI", "uri": "/contracts/9oB2GhzrrmI#closing-indebtedness", "label": "Merger Agreement (Thermo Fisher Scientific Inc.)", "score": 32.2881584167, "published": true}], "hash": "614b88dcbf4e91ecfc12febce676fbaf", "id": 3}, {"snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "a-schedule", "type": "clause", "offset": [26, 36]}, {"key": "the-closing", "type": "clause", "offset": [71, 82]}, {"key": "consistent-with", "type": "definition", "offset": [144, 159]}, {"key": "annex-2", "type": "clause", "offset": [160, 167]}], "size": 2, "snippet": "The Company shall prepare a schedule setting forth an itemized list of the Closing Indebtedness (the \u201cClosing Indebtedness Annex\u201d), in a manner consistent with Annex 2 attached hereto.", "samples": [{"hash": "ggq26rgYTeL", "uri": "/contracts/ggq26rgYTeL#closing-indebtedness", "label": "Merger Agreement (Spherion Corp)", "score": 21.0, "published": true}], "hash": "0814a8f2ab505ce19ec27a31ef407ca1", "id": 10}, {"snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [26, 44]}], "size": 2, "snippet": "\u201cClosing Indebtedness\u201d is defined in Section 1.3(a).", "samples": [{"hash": "grChjvFjh8p", "uri": "/contracts/grChjvFjh8p#closing-indebtedness", "label": "Stock Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "7hRNrS5GbZZ", "uri": "/contracts/7hRNrS5GbZZ#closing-indebtedness", "label": "Stock Purchase Agreement (OMNICELL, Inc)", "score": 27.9103355408, "published": true}], "hash": "6831f89d4b27ceda3cc7771d6d3adf37", "id": 7}, {"snippet_links": [{"key": "the-closing-date", "type": "clause", "offset": [3, 19]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [21, 40]}, {"key": "outstanding-amount", "type": "clause", "offset": [49, 67]}, {"key": "holders-of", "type": "clause", "offset": [103, 113]}, {"key": "to-repay", "type": "clause", "offset": [148, 156]}, {"key": "following-the-closing", "type": "clause", "offset": [221, 242]}, {"key": "obligations-of-the-company", "type": "clause", "offset": [277, 303]}, {"key": "with-respect-to", "type": "clause", "offset": [331, 346]}, {"key": "indebtedness-outstanding", "type": "clause", "offset": [359, 383]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [396, 416]}], "size": 2, "snippet": "On the Closing Date, the Purchaser shall pay the outstanding amount of the Closing Indebtedness to the holders of the Closing Indebtedness in order to repay all such Closing Indebtedness, with the result that immediately following the Closing there will be no further monetary obligations of the Company or any of its Subsidiaries with respect to any Closing Indebtedness outstanding immediately prior to the Closing.", "samples": [{"hash": "d5OeAdXf8PQ", "uri": "/contracts/d5OeAdXf8PQ#closing-indebtedness", "label": "Business Combination Agreement (Columbus Circle Capital Corp II)", "score": 37.4982872009, "published": true}, {"hash": "8L0kn9CGJFY", "uri": "/contracts/8L0kn9CGJFY#closing-indebtedness", "label": "Business Combination Agreement (Bleichroeder Acquisition Corp. 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The Company and its Subsidiaries shall use reasonable best efforts to obtain from the agent under the Credit Agreement at least one (1) Business Day prior to the Closing Date, and shall deliver to Parent on or prior to the Closing Date, an executed payoff letter (and a draft reasonably in advance thereof) with respect to the obligations under the Credit Agreement (the \u201cPayoff Letter\u201d), in form and substance customary for transactions of this type which Payoff Letter shall, among other things, include the payoff amount (and the daily accrual thereafter), and provide that Liens (and guarantees), if any, granted in connection with the Credit Agreement relating to the assets, rights and properties of the Company and its Subsidiaries securing such Indebtedness shall, upon the payment of the amount set forth in the Payoff Letter at the Closing, be automatically released and terminated. Parent shall be obligated to provide to the Company or its Subsidiaries the payoff amount required under the Payoff Letter substantially simultaneously with (and subject to the occurrence of) the Closing.", "samples": [{"hash": "jG375VDN72a", "uri": "/contracts/jG375VDN72a#closing-indebtedness", "label": "Merger Agreement (Snap One Holdings Corp.)", "score": 35.2943191528, "published": true}, {"hash": "asR7Hy31FnE", "uri": "/contracts/asR7Hy31FnE#closing-indebtedness", "label": "Merger Agreement (Resideo Technologies, Inc.)", "score": 35.2861061096, "published": true}], "hash": "5f5d98a96f43bec15ae7e02c93d05856", "id": 6}, {"snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "the-purchaser", "type": "clause", "offset": [36, 49]}, {"key": "duly-executed", "type": "clause", "offset": [57, 70]}, {"key": "holders-of", "type": "clause", "offset": [103, 113]}, {"key": "the-closing", "type": "clause", "offset": [114, 125]}, {"key": "to-purchaser", "type": "clause", "offset": [174, 186]}, {"key": "paid-upon", "type": "definition", "offset": [277, 286]}, {"key": "pursuant-to-section", "type": "definition", "offset": [323, 342]}, {"key": "to-the-extent", "type": "clause", "offset": [359, 372]}, {"key": "paid-in-full", "type": "clause", "offset": [402, 414]}, {"key": "satisfaction-of-purchaser", "type": "clause", "offset": [502, 527]}, {"key": "release-of", "type": "clause", "offset": [532, 542]}, {"key": "liens-securing", "type": "clause", "offset": [547, 561]}], "size": 2, "snippet": "The Company shall have delivered to the Purchaser:\n(A) a duly executed pay-off letter from each of the holders of the Closing Indebtedness, in a form reasonably satisfactory to Purchaser, certifying that all such Closing Indebtedness owing to such holder shall have been fully paid upon the receipt by such holder of funds pursuant to Section 3.03(c) hereof, to the extent such Closing Indebtedness is paid in full pursuant to Section 3.03(c) hereof; and\n(B) documentation evidencing to the reasonable satisfaction of Purchaser the release of all Liens securing any Closing Indebtedness.", "samples": [{"hash": "8L0kn9CGJFY", "uri": "/contracts/8L0kn9CGJFY#closing-indebtedness", "label": "Business Combination Agreement (Bleichroeder Acquisition Corp. 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