{"component": "clause", "props": {"groups": [{"size": 459, "samples": [{"hash": "i76yZXLQx76", "uri": "/contracts/i76yZXLQx76#collateral-matters", "label": "Credit Agreement (A-Mark Precious Metals, Inc.)", "score": 36.693359375, "published": true}, {"hash": "jvtyp7VB31W", "uri": "/contracts/jvtyp7VB31W#collateral-matters", "label": "Incremental Facility Agreement, Waiver and Eleventh Amendment to Credit Agreement (A-Mark Precious Metals, Inc.)", "score": 36.3593444824, "published": true}, {"hash": "9ODa3zarUaM", "uri": "/contracts/9ODa3zarUaM#collateral-matters", "label": "Credit Agreement (A-Mark Precious Metals, Inc.)", "score": 36.3593444824, "published": true}], "snippet": "Each Lender authorizes and directs Agent to enter into the other Loan Documents for the benefit of Lenders. Each Lender hereby agrees that, except as otherwise set forth herein, any action taken by Required Lenders in accordance with the provisions of this Agreement or the other Loan Documents, and the exercise by the Required 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 Lenders. Agent is hereby authorized on behalf of all Lenders, without the necessity of any notice to or further consent from any Lender to take any action with respect to any Collateral or Loan Documents which may be necessary to perfect and maintain perfected the Liens upon the Collateral granted pursuant to this Agreement and the other Loan Documents. The Lenders irrevocably authorize Agent, at its option and in its discretion, (a) to release any Lien granted to or held by Agent under any Collateral Document (i) upon termination of the Commitments and payment in full of all Loans and all other obligations of Borrower hereunder and the expiration or termination of all Letters of Credit; (ii) constituting property sold or to be sold or disposed of as part of or in connection with any disposition permitted hereunder (including the release of any guarantor); or (iii) subject to Section 15.1, if approved, authorized or ratified in writing by the Required Lenders; or (b) to subordinate its interest in any Collateral to any holder of a Lien on such Collateral which is permitted by Section 11.2(iv)(i) or (iv)(iii) (it being understood that Agent may conclusively rely on a certificate from Borrower in determining whether the Debt secured by any such Lien is permitted by Section 11.1(ii)). Upon request by Agent at any time, the Lenders will confirm in writing Agent\u2019s authority to release, or subordinate its interest in, particular types or items of Collateral pursuant to this Section 14.11. Each Lender hereby authorizes Agent to give blockage notices in connection with any Subordinated Debt at the direction of Required Lenders and agrees that it will not act unilaterally to deliver such notices.", "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "authorizes-and-directs", "type": "clause", "offset": [12, 34]}, {"key": "to-enter", "type": "definition", "offset": [41, 49]}, {"key": "benefit-of-lenders", "type": "clause", "offset": [88, 106]}, {"key": "action-taken", "type": "clause", "offset": [182, 194]}, {"key": "by-required-lenders", "type": "clause", "offset": [195, 214]}, {"key": "agreement-or", "type": "definition", "offset": [257, 269]}, {"key": "the-required-lenders", "type": "clause", "offset": [316, 336]}, {"key": "other-powers", "type": "clause", "offset": [399, 411]}, {"key": "binding-upon", "type": "clause", "offset": [474, 486]}, {"key": "all-lenders", "type": "clause", "offset": [487, 498]}, {"key": "on-behalf-of", "type": "definition", "offset": [527, 539]}, {"key": "notice-to", "type": "clause", "offset": [582, 591]}, {"key": "further-consent", "type": "clause", "offset": [595, 610]}, {"key": "with-respect-to", "type": "clause", "offset": [646, 661]}, {"key": "the-liens", "type": "clause", "offset": [752, 761]}, {"key": "collateral-granted", "type": "clause", "offset": [771, 789]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [807, 845]}, {"key": "the-lenders", "type": "clause", "offset": [847, 858]}, {"key": "in-its-discretion", "type": "clause", "offset": [906, 923]}, {"key": "granted-to", "type": "clause", "offset": [949, 959]}, {"key": "by-agent", "type": "clause", "offset": [968, 976]}, {"key": "collateral-document", "type": "clause", "offset": [987, 1006]}, {"key": "termination-of-the-commitments", "type": "clause", "offset": [1016, 1046]}, {"key": "payment-in-full", "type": "definition", "offset": [1051, 1066]}, {"key": "all-loans", "type": "clause", "offset": [1070, 1079]}, {"key": "other-obligations-of-borrower", "type": "clause", "offset": [1088, 1117]}, {"key": "expiration-or-termination", "type": "clause", "offset": [1136, 1161]}, {"key": "all-letters-of-credit", "type": "clause", "offset": [1165, 1186]}, {"key": "property-sold", "type": "clause", "offset": [1206, 1219]}, {"key": "disposed-of", "type": "definition", "offset": [1237, 1248]}, {"key": "in-connection-with", "type": "clause", "offset": [1263, 1281]}, {"key": "release-of", "type": "clause", "offset": [1333, 1343]}, {"key": "section-151", "type": "clause", "offset": [1380, 1392]}, {"key": "if-approved", "type": "clause", "offset": [1394, 1405]}, {"key": "in-writing", "type": "definition", "offset": [1430, 1440]}, {"key": "to-any-holder", "type": "definition", "offset": [1519, 1532]}, {"key": "from-borrower", "type": "clause", "offset": [1688, 1701]}, {"key": "debt-secured", "type": "clause", "offset": [1729, 1741]}, {"key": "upon-request", "type": "clause", "offset": [1794, 1806]}, {"key": "at-any-time", "type": "clause", "offset": [1816, 1827]}, {"key": "writing-agent", "type": "definition", "offset": [1857, 1870]}, {"key": "authority-to-release", "type": "clause", "offset": [1873, 1893]}, {"key": "notices-in", "type": "clause", "offset": [2052, 2062]}, {"key": "subordinated-debt", "type": "definition", "offset": [2083, 2100]}], "hash": "a01cae782a4812d6e0245196020f4d56", "id": 1}, {"size": 418, "samples": [{"hash": "cHV3eYSMNbl", "uri": "/contracts/cHV3eYSMNbl#collateral-matters", "label": "Credit Agreement (Powerwave Technologies Inc)", "score": 21.1341552734, "published": true}, {"hash": "irp6ZfNBCgR", "uri": "/contracts/irp6ZfNBCgR#collateral-matters", "label": "Credit Agreement (Powerwave Technologies Inc)", "score": 21.0, "published": true}, {"hash": "eSM89OBbuj2", "uri": "/contracts/eSM89OBbuj2#collateral-matters", "label": "Credit Agreement (Sanfilippo John B & Son Inc)", "score": 21.0, "published": true}], "snippet": "(a) The Lenders hereby irrevocably authorize Agent, at its option and in its sole discretion, to release any Lien on any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full by Borrower of all Obligations, (ii) constituting property being sold or disposed of if a release is required or desirable in connection therewith and if Borrower certifies to Agent that the sale or disposition is permitted under Section 6.4 of this Agreement or the other Loan Documents (and Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting property in which Borrower or its Subsidiaries owned no interest at the time the Agent\u2019s Lien was granted nor at any time thereafter, or (iv) constituting property leased to Borrower or its Subsidiaries under a lease that has expired or is terminated in a transaction permitted under this Agreement. Except as provided above, Agent will not execute and deliver a release of any Lien on any Collateral without the prior written authorization of (y) if the release is of all or substantially all of the Collateral, all of the Lenders, or (z) otherwise, the Required Lenders. Upon request by Agent or Borrower at any time, the Lenders will confirm in writing Agent\u2019s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 15.11; provided, however, that (1) Agent shall not be required to execute any document necessary to evidence such release on terms that, in Agent\u2019s opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of Borrower in respect of) all interests retained by Borrower, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral.\n(b) Agent shall have no obligation whatsoever to any of the Lenders to assure that the Collateral exists or is owned by Borrower or its Subsidiaries or is cared for, protected, or insured or has been encumbered, or that the Agent\u2019s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem appropriate, in its sole discretion given Agent\u2019s own interest in the Collateral in its capacity as one of the Lenders and that Agent shall have no other duty or liability whatsoever to any Lender as to any of the foregoing, except as otherwise provided herein.", "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [4, 15]}, {"key": "sole-discretion", "type": "definition", "offset": [77, 92]}, {"key": "termination-of-the-commitments", "type": "clause", "offset": [145, 175]}, {"key": "satisfaction-in-full", "type": "definition", "offset": [192, 212]}, {"key": "by-borrower", "type": "clause", "offset": [213, 224]}, {"key": "all-obligations", "type": "clause", "offset": [228, 243]}, {"key": "property-being-sold", "type": "clause", "offset": [263, 282]}, {"key": "disposed-of", "type": "definition", "offset": [286, 297]}, {"key": "in-connection", "type": "clause", "offset": [336, 349]}, {"key": "if-borrower", "type": "clause", "offset": [364, 375]}, {"key": "sale-or-disposition", "type": "clause", "offset": [404, 423]}, {"key": "section-64", "type": "clause", "offset": [443, 454]}, {"key": "agreement-or", "type": "definition", "offset": [463, 475]}, {"key": "other-loan-documents", "type": "definition", "offset": [480, 500]}, {"key": "no-interest", "type": "clause", "offset": [657, 668]}, {"key": "at-the-time", "type": "definition", "offset": [669, 680]}, {"key": "the-agent", "type": "clause", "offset": [681, 690]}, {"key": "at-any-time", "type": "clause", "offset": [714, 725]}, {"key": "property-leased", "type": "clause", "offset": [759, 774]}, {"key": "to-borrower", "type": "definition", "offset": [775, 786]}, {"key": "execute-and-deliver", "type": "clause", "offset": [945, 964]}, {"key": "release-of", "type": "clause", "offset": [967, 977]}, {"key": "written-authorization", "type": "definition", "offset": [1023, 1044]}, {"key": "the-release", "type": "clause", "offset": [1055, 1066]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [1073, 1097]}, {"key": "the-collateral", "type": "definition", "offset": [1101, 1115]}, {"key": "the-required-lenders", "type": "clause", "offset": [1155, 1175]}, {"key": "upon-request", "type": "clause", "offset": [1177, 1189]}, {"key": "by-agent", "type": "clause", "offset": [1190, 1198]}, {"key": "writing-agent", "type": "definition", "offset": [1252, 1265]}, {"key": "authority-to-release", "type": "clause", "offset": [1268, 1288]}, {"key": "pursuant-to", "type": "clause", "offset": [1347, 1358]}, {"key": "agent-shall", "type": "definition", "offset": [1407, 1418]}, {"key": "without-recourse", "type": "clause", "offset": [1648, 1664]}, {"key": "the-obligations", "type": "clause", "offset": [1769, 1784]}, {"key": "obligations-of-borrower", "type": "clause", "offset": [1851, 1874]}, {"key": "in-respect-of", "type": "definition", "offset": [1875, 1888]}, {"key": "no-obligation", "type": "definition", "offset": [2050, 2063]}, {"key": "owned-by", "type": "definition", "offset": [2140, 2148]}, {"key": "to-exercise", "type": "clause", "offset": [2404, 2415]}, {"key": "duty-of-care", "type": "clause", "offset": [2464, 2476]}, {"key": "the-rights", "type": "clause", "offset": [2536, 2546]}, {"key": "powers-granted", "type": "clause", "offset": [2564, 2578]}, {"key": "available-to", "type": "definition", "offset": [2582, 2594]}, {"key": "the-loan-documents", "type": "clause", "offset": [2620, 2638]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [2649, 2675]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [2765, 2789]}, {"key": "agent-may-act", "type": "clause", "offset": [2808, 2821]}, {"key": "no-other-duty", "type": "clause", "offset": [2993, 3006]}, {"key": "the-foregoing", "type": "definition", "offset": [3058, 3071]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [3073, 3101]}], "hash": "850ba59904e096556bf4078bd31e1ee4", "id": 2}, {"size": 373, "samples": [{"hash": "aiqZNeij7lN", "uri": "/contracts/aiqZNeij7lN#collateral-matters", "label": "Fifth Amendment to Credit Agreement and First Amendment to Guaranty and Security Agreement (Oil States International, Inc)", "score": 34.5783691406, "published": true}, {"hash": "inUQH9MmlEW", "uri": "/contracts/inUQH9MmlEW#collateral-matters", "label": "Credit Agreement (Insteel Industries Inc)", "score": 34.2046546936, "published": true}, {"hash": "1zwezQ0QO0e", "uri": "/contracts/1zwezQ0QO0e#collateral-matters", "label": "Credit Agreement (Oil States International, Inc)", "score": 33.1382598877, "published": true}], "snippet": "(a) The Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to release any Lien on any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full by the Loan Parties and their Subsidiaries of all of the Obligations, (ii) constituting property being sold or disposed of if a release is required or desirable in connection therewith and if Borrowers certify to Agent that the sale or disposition is permitted under Section 6.4 (and Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting property in which no Loan Party or any of its Subsidiaries owned any interest at the time Agent\u2019s Lien was granted nor at any time thereafter, (iv) constituting property leased or licensed to a Loan Party or its Subsidiaries under a lease or license that has expired or is terminated in a transaction permitted under this Agreement, or (v) in connection with a credit bid or purchase authorized under this Section 15.11. The Loan Parties and the Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent, based upon the instruction of the Required Lenders, to (a) consent to the sale of, credit bid, or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code, including Section 363 of the Bankruptcy Code, (b) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale or other disposition thereof conducted under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, or (c) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any other sale or foreclosure conducted or consented to by Agent in accordance with applicable law in any judicial action or proceeding or by the exercise of any legal or equitable remedy. In connection with any such credit bid or purchase, (i) the Obligations owed to the Lenders and the Bank Product Providers shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not impair or unduly delay the ability of Agent to credit bid or purchase at such sale or other disposition of the Collateral and, if such contingent or unliquidated claims cannot be estimated without impairing or unduly delaying the ability of Agent to credit bid at such sale or other disposition, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the Collateral that is the subject of such credit bid or purchase) and the Lenders and the Bank Product Providers whose Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit bid) in the Collateral that is the subject of such credit bid or purchase (or in the Equity Interests of the any entities that are used to consummate such credit bid or purchase), and (ii) Agent, based upon the instruction of the Required Lenders, may accept non-cash consideration, including debt and equity securities issued by any entities used to consummate such credit bid or purchase and in connection therewith Agent may reduce the Obligations owed to the Lenders and the Bank Product Providers (ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit bid) based upon the value of such non-cash consideration; provided, that Bank Product Obligations not entitled to the application set forth in Section 2.4(b)(iii)(J) shall not be entitled to be, and shall not be, credit bid, or used in the calculation of the ratable interest of the Lenders and Bank Product Providers in the Obligations which are credit bid. Except as provided above, Agent will not execute and deliver a release of any Lien on any Collateral without the prior written authorization of (y) if the release is of all or substantially all of the Collateral, all of the Lenders (without requiring the authorization of the Bank Product Providers), or (z) otherwise, the Required Lenders (without requiring the authorization of the Bank Product Providers). Upon request by Agent or Borrowers at any time, the Lenders will (and if so requested, the Bank Product Providers will) confirm in writing Agent\u2019s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 15.11; provided, that (1) anything to the contrary contained in any of the Loan Documents notwithstanding, Agent shall not be required to execute any document or take any action necessary to evidence such release on terms that, in Agent\u2019s opinion, could expose Agent to liability or create any obligation or entail any consequence other than the release of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly released) upon (or obligations of Borrowers in respect of) any and all interests retained by any Borrower, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral. Each Lender further hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to irrevocably authorize) Agent, at its option and in its sole discretion, to subordinate (by contract or otherwise) any Lien granted to or held by Agent on any property under any Loan Document (a) to the holder of any Permitted Lien on such property if such Permitted Lien secures purchase money Indebtedness (including Capitalized Lease Obligations) which constitute Permitted Indebtedness and (b) to the extent Agent has the authority under this Section 15.11 to release its Lien on such property. Notwithstanding the provisions of this Section 15.11, the Agent shall be authorized, without the consent of any Lender and without the requirement that an asset sale consisting of the sale, transfer or other disposition having occurred, to release any security interest in any building, structure or improvement located in an area determined by the Federal Emergency Management Agency to have special flood hazards.\n(b) Agent shall have no obligation whatsoever to any of the Lenders (or the Bank Product Providers) (i) to verify or assure that the Collateral exists or is owned by a Loan Party or any of its Subsidiaries or is cared for, protected, or insured or has been encumbered, (ii) to verify or assure that Agent\u2019s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any particular priority, (iii) to verify or assure that any particular items of Collateral meet the eligibility criteria applicable in respect thereof, (iv) to impose, maintain, increase, reduce, implement, or eliminate any particular reserve hereunder or to determine whether the amount of any reserve is appropriate or not, or (v) to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem appropriate, in its sole discretion given Agent\u2019s own interest in the Collateral in its capacity as one of the Lenders and that Agent shall have no other duty or liability whatsoever to any Lender (or Bank Product Provider) as to any of the foregoing, except as otherwise expressly provided herein.", "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [4, 15]}, {"key": "entering-into", "type": "clause", "offset": [53, 66]}, {"key": "bank-product-agreement", "type": "definition", "offset": [69, 91]}, {"key": "each-bank", "type": "clause", "offset": [93, 102]}, {"key": "provider-shall", "type": "clause", "offset": [111, 125]}, {"key": "termination-of-the-commitments", "type": "clause", "offset": [207, 237]}, {"key": "satisfaction-in-full", "type": "definition", "offset": [254, 274]}, {"key": "the-loan-parties", "type": "definition", "offset": [278, 294]}, {"key": "the-obligations", "type": "clause", "offset": [328, 343]}, {"key": "property-being-sold", "type": "clause", "offset": [363, 382]}, {"key": "disposed-of", "type": "definition", "offset": [386, 397]}, {"key": "sale-or-disposition", "type": "clause", "offset": [503, 522]}, {"key": "section-64", "type": "clause", "offset": [542, 553]}, {"key": "no-loan-party", "type": "definition", "offset": [675, 688]}, {"key": "at-the-time", "type": "definition", "offset": [735, 746]}, {"key": "at-any-time", "type": "clause", "offset": [776, 787]}, {"key": "property-leased", "type": "clause", "offset": [818, 833]}, {"key": "a-loan", "type": "definition", "offset": [849, 855]}, {"key": "this-agreement", "type": "clause", "offset": [974, 988]}, {"key": "in-connection-with", "type": "clause", "offset": [997, 1015]}, {"key": "credit-bid", "type": "clause", "offset": [1018, 1028]}, {"key": "the-required-lenders", "type": "clause", "offset": [1282, 1302]}, {"key": "consent-to", "type": "definition", "offset": [1311, 1321]}, {"key": "sale-of", "type": "clause", "offset": [1326, 1333]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1367, 1389]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1493, 1514]}, {"key": "bankruptcy-code", "type": "definition", "offset": [1515, 1530]}, {"key": "sale-or-other-disposition", "type": "clause", "offset": [1710, 1735]}, {"key": "the-code", "type": "clause", "offset": [1778, 1786]}, {"key": "pursuant-to-sections-9", "type": "clause", "offset": [1798, 1820]}, {"key": "by-agent", "type": "clause", "offset": [2034, 2042]}, {"key": "in-accordance-with", "type": "clause", "offset": [2043, 2061]}, {"key": "applicable-law", "type": "definition", "offset": [2062, 2076]}, {"key": "action-or-proceeding", "type": "definition", "offset": [2093, 2113]}, {"key": "exercise-of", "type": "clause", "offset": [2124, 2135]}, {"key": "equitable-remedy", "type": "clause", "offset": [2149, 2165]}, {"key": "bank-product-providers", "type": "definition", "offset": [2267, 2289]}, {"key": "ratable-basis", "type": "definition", "offset": [2345, 2358]}, {"key": "with-respect-to", "type": "clause", "offset": [2377, 2392]}, {"key": "unliquidated-claims", "type": "definition", "offset": [2407, 2426]}, {"key": "disposition-of-the-collateral", "type": "clause", "offset": [2599, 2628]}, {"key": "not-entitled", "type": "definition", "offset": [2862, 2874]}, {"key": "subject-of", "type": "clause", "offset": [2921, 2931]}, {"key": "to-receive", "type": "definition", "offset": [3059, 3069]}, {"key": "in-relation-to", "type": "clause", "offset": [3147, 3161]}, {"key": "amount-of-obligations", "type": "clause", "offset": [3176, 3197]}, {"key": "the-equity-interests", "type": "clause", "offset": [3289, 3309]}, {"key": "cash-consideration", "type": "clause", "offset": [3471, 3489]}, {"key": "issued-by", "type": "definition", "offset": [3528, 3537]}, {"key": "and-in-connection-therewith", "type": "clause", "offset": [3598, 3625]}, {"key": "the-value", "type": "clause", "offset": [3854, 3863]}, {"key": "bank-product-obligations", "type": "definition", "offset": [3911, 3935]}, {"key": "the-application", "type": "clause", "offset": [3952, 3967]}, {"key": "calculation-of-the", "type": "clause", "offset": [4078, 4096]}, {"key": "execute-and-deliver", "type": "clause", "offset": [4238, 4257]}, {"key": "release-of", "type": "clause", "offset": [4260, 4270]}, {"key": "written-authorization", "type": "definition", "offset": [4316, 4337]}, {"key": "the-release", "type": "clause", "offset": [4348, 4359]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [4366, 4390]}, {"key": "the-authorization", "type": "clause", "offset": [4448, 4465]}, {"key": "upon-request", "type": "clause", "offset": [4606, 4618]}, {"key": "writing-agent", "type": "definition", "offset": [4737, 4750]}, {"key": "authority-to-release", "type": "clause", "offset": [4753, 4773]}, {"key": "contained-in", "type": "definition", "offset": [4908, 4920]}, {"key": "the-loan-documents", "type": "clause", "offset": [4928, 4946]}, {"key": "any-action", "type": "definition", "offset": [5024, 5034]}, {"key": "without-recourse", "type": "clause", "offset": [5224, 5240]}, {"key": "obligations-of-borrowers", "type": "clause", "offset": [5421, 5445]}, {"key": "in-respect-of", "type": "definition", "offset": [5446, 5459]}, {"key": "each-lender", "type": "clause", "offset": [5612, 5623]}, {"key": "sole-discretion", "type": "definition", 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"definition", "offset": [6409, 6419]}, {"key": "security-interest", "type": "clause", "offset": [6506, 6523]}, {"key": "located-in", "type": "definition", "offset": [6566, 6576]}, {"key": "federal-emergency-management-agency", "type": "definition", "offset": [6603, 6638]}, {"key": "flood-hazards", "type": "clause", "offset": [6655, 6668]}, {"key": "no-obligation", "type": "definition", "offset": [6691, 6704]}, {"key": "to-verify", "type": "definition", "offset": [6774, 6783]}, {"key": "owned-by", "type": "definition", "offset": [6827, 6835]}, {"key": "eligibility-criteria", "type": "definition", "offset": [7192, 7212]}, {"key": "determine-whether", "type": "clause", "offset": [7351, 7368]}, {"key": "to-exercise", "type": "clause", "offset": [7425, 7436]}, {"key": "duty-of-care", "type": "clause", "offset": [7485, 7497]}, {"key": "the-rights", "type": "clause", "offset": [7557, 7567]}, {"key": "powers-granted", "type": "clause", "offset": [7585, 7599]}, {"key": "available-to", "type": "definition", "offset": [7603, 7615]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [7670, 7696]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [7786, 7810]}, {"key": "agent-may-act", "type": "clause", "offset": [7829, 7842]}, {"key": "no-other-duty", "type": "clause", "offset": [8014, 8027]}, {"key": "the-foregoing", "type": "definition", "offset": [8106, 8119]}], "hash": "8537435b5d01ccb0b7e26bb86fd125e0", "id": 3}, {"size": 284, "samples": [{"hash": "bxdBpWee0HA", "uri": "/contracts/bxdBpWee0HA#collateral-matters", "label": "Financing Agreement (Funko, Inc.)", "score": 29.1806983948, "published": true}, {"hash": "1jtNaXAsvy", "uri": "/contracts/1jtNaXAsvy#collateral-matters", "label": "Financing Agreement (Funko, Inc.)", "score": 28.7782344818, "published": true}, {"hash": "d30sgve0Urv", "uri": "/contracts/d30sgve0Urv#collateral-matters", "label": "Financing Agreement (Funko, Inc.)", "score": 28.761806488, "published": true}], "snippet": "(a) Each Agent may from time to time make such disbursements and advances (\u201cAgent Advances\u201d) which such Agent, in its sole discretion, deems necessary or desirable to preserve, protect, prepare for sale or lease or dispose of the Collateral or any portion thereof, to enhance the likelihood or maximize the amount of repayment by the Borrowers of the Loans, Reimbursement Obligations, Letter of Credit Obligations and other Obligations or to pay any other amount chargeable to the Borrowers pursuant to the terms of this Agreement, including, without limitation, costs, fees and expenses as described in Section 12.04. The Agent Advances shall be repayable on demand and be secured by the Collateral and shall bear interest at a rate per annum equal to the rate then applicable to Revolving Loans that are Reference Rate Loans. The Agent making any Agent Advances shall notify the other Agent, each Lender and the Administrative Borrower in writing of each such Agent Advance, which notice shall include a description of the purpose of such Agent Advance. Without limitation to its obligations pursuant to Section 10.05, each Lender agrees that it shall make available to the Agent making any Agent Advances, upon such Agent\u2019s demand, in the currency in which the respective Agent Advance was made in immediately available funds, the amount equal to such Lender\u2019s Pro Rata Share of each such Agent Advance subject to the terms of, the Agreement Among Lenders, provided that any such amount advanced by a Lender shall be deemed a Loan hereunder. If such funds are not made available to such Agent by such Lender, such Agent shall be entitled to recover such funds on demand from such Lender, together with interest thereon for each day from the date such payment was due until the date such amount is paid to such Agent, at the Federal Funds Effective Rate for three Business Days and thereafter at the Reference Rate.\n(b) The Lenders hereby irrevocably authorize the Collateral Agent, at its option and in its discretion, to release any Lien granted to or held by the Collateral Agent upon any Collateral upon termination of the Total Commitment and Payment in Full of the Obligations; or constituting property being sold or disposed of in the ordinary course of any Loan Party\u2019s business or otherwise in compliance with the terms of this Agreement and the other Loan Documents; or constituting property in which the Loan Parties owned no interest at the time the Lien was granted or at any time thereafter; or if approved, authorized or ratified in writing by the applicable Lenders required pursuant to Section 12.02. Upon request by the Collateral Agent at any time, the Lenders will confirm in writing the Collateral Agent\u2019s authority to release particular types or items of Collateral pursuant to this Section 10.08(b).\n(c) Without in any manner limiting the Collateral Agent\u2019s authority to act without any specific or further authorization or consent by the Lenders (as set forth in Section 10.08(b)), each Lender agrees to confirm in writing, upon request by the Collateral Agent, the authority to release Collateral conferred upon the Collateral Agent under Section 10.08(b). Upon the prior written request by any Loan Party, the Collateral Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary or reasonably requested by any Loan Party to evidence the release of the Liens granted to the Collateral Agent for the benefit of the Agents and the Lenders upon such Collateral; provided, however, that (i) the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent\u2019s opinion, would expose the Collateral Agent to liability or create any obligations or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Lien upon (or obligations of any Loan Party in respect of) all interests in the Collateral retained by any Loan Party.\n(d) Anything contained in any of the Loan Documents to the contrary notwithstanding but subject to the Agreement Among Lenders, the Loan Parties, each Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any of the Collateral under any Loan Document or to enforce any Guaranty, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Collateral Agent for the benefit of the Lenders in accordance with the terms thereof, (ii) in the event of a foreclosure by the Collateral Agent on any of the Collateral pursuant to a public or private sale, the Administrative Agent, the Collateral Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and (iii) the Collateral Agent, as agent for and representative of the Agents and the Lenders (but not any other Agent or any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled (either directly or through one or more acquisition vehicles) for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral to be sold (A) at any public or private sale, (B) at any sale conducted by the Collateral Agent under the provisions of the Uniform Commercial Code (including pursuant to Sections 9-610 or 9-620 of the Uniform Commercial Code), (C) at any sale or foreclosure conducted by the Collateral Agent (whether by judicial action or otherwise) in accordance with applicable law or (D) any sale conducted pursuant to the provisions of any Debtor Relief Law (including Section 363 of the Bankruptcy Code), to use and apply all or any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Collateral Agent at such sale.\n(e) The Collateral Agent shall have no obligation whatsoever to any Lender to assure that the Collateral exists or is owned by the Loan Parties or is cared for, protected or insured or has been encumbered or that the Lien granted to the Collateral Agent pursuant to this Agreement or any other Loan Document has been properly or sufficiently or lawfully created, perfected, protected or enforced or is entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 10.08 or in any other Loan Document, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent\u2019s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to any other Lender, except as otherwise provided herein and in the Agreement Among Lenders.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [19, 36]}, {"key": "agent-advances", "type": "definition", "offset": [76, 90]}, {"key": "sole-discretion", "type": "definition", "offset": [118, 133]}, {"key": "sale-or-lease", "type": "definition", "offset": [198, 211]}, {"key": "dispose-of", "type": "definition", "offset": [215, 225]}, {"key": "amount-of-repayment", "type": "clause", "offset": [307, 326]}, {"key": "the-borrowers", "type": "definition", "offset": [330, 343]}, {"key": "the-loans", "type": "clause", "offset": [347, 356]}, {"key": "reimbursement-obligations", "type": "clause", "offset": [358, 383]}, {"key": "letter-of-credit-obligations", "type": "definition", "offset": [385, 413]}, {"key": "other-obligations", "type": "clause", "offset": [418, 435]}, {"key": "to-pay", "type": "clause", "offset": [439, 445]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [507, 530]}, {"key": "fees-and-expenses", "type": "definition", "offset": [570, 587]}, {"key": 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"the-reference-rate", "type": "definition", "offset": [1898, 1916]}, {"key": "the-collateral-agent", "type": "clause", "offset": [1963, 1983]}, {"key": "in-its-discretion", "type": "clause", "offset": [2003, 2020]}, {"key": "granted-to", "type": "clause", "offset": [2042, 2052]}, {"key": "the-total-commitment", "type": "clause", "offset": [2125, 2145]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [2150, 2184]}, {"key": "property-being-sold", "type": "clause", "offset": [2202, 2221]}, {"key": "disposed-of", "type": "definition", "offset": [2225, 2236]}, {"key": "ordinary-course", "type": "clause", "offset": [2244, 2259]}, {"key": "loan-party", "type": "definition", "offset": [2267, 2277]}, {"key": "compliance-with-the-terms", "type": "clause", "offset": [2305, 2330]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [2339, 2377]}, {"key": "the-loan-parties", "type": "definition", "offset": [2413, 2429]}, {"key": "no-interest", "type": "clause", "offset": [2436, 2447]}, {"key": "at-the-time", "type": "definition", "offset": [2448, 2459]}, {"key": "at-any-time", "type": "clause", "offset": [2484, 2495]}, {"key": "if-approved", "type": "clause", "offset": [2511, 2522]}, {"key": "applicable-lenders", "type": "clause", "offset": [2565, 2583]}, {"key": "upon-request", "type": "clause", "offset": [2620, 2632]}, {"key": "authority-to-release", "type": "clause", "offset": [2729, 2749]}, {"key": "authority-to-act", "type": "clause", "offset": [2883, 2899]}, {"key": "further-authorization", "type": "clause", "offset": [2924, 2945]}, {"key": "by-the-lenders", "type": "clause", "offset": [2957, 2971]}, {"key": "agrees-to", "type": "clause", "offset": [3020, 3029]}, {"key": "the-authority", "type": "clause", "offset": [3088, 3101]}, {"key": "release-collateral", "type": "definition", "offset": [3105, 3123]}, {"key": "written-request", "type": "clause", "offset": [3199, 3214]}, {"key": "authorized-by", "type": "definition", "offset": [3288, 3301]}, {"key": "requested-by", "type": "definition", "offset": [3375, 3387]}, {"key": "release-of", "type": "clause", "offset": [3419, 3429]}, {"key": "the-liens", "type": "clause", "offset": [3430, 3439]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [3472, 3490]}, {"key": "the-agents-and-the-lenders", "type": "clause", "offset": [3491, 3517]}, {"key": "without-recourse", "type": "clause", "offset": [3827, 3843]}, {"key": "obligations-of", "type": "clause", "offset": [3968, 3982]}, {"key": "in-respect-of", "type": "definition", "offset": [3998, 4011]}, {"key": "contained-in", "type": "definition", "offset": [4086, 4098]}, {"key": "the-loan-documents", "type": "clause", "offset": [4106, 4124]}, {"key": "subject-to-the-agreement", "type": "clause", "offset": [4161, 4185]}, {"key": "no-lender", "type": "clause", "offset": [4268, 4277]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [4411, 4437]}, {"key": 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"type": "clause", "offset": [5268, 5286]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [5426, 5447]}, {"key": "uniform-commercial-code", "type": "clause", "offset": [5448, 5471]}, {"key": "pursuant-to-sections-9", "type": "clause", "offset": [5483, 5505]}, {"key": "judicial-action", "type": "clause", "offset": [5629, 5644]}, {"key": "applicable-law", "type": "definition", "offset": [5678, 5692]}, {"key": "pursuant-to-the-provisions", "type": "clause", "offset": [5719, 5745]}, {"key": "debtor-relief-law", "type": "clause", "offset": [5753, 5770]}, {"key": "bankruptcy-code", "type": "definition", "offset": [5801, 5816]}, {"key": "a-credit", "type": "definition", "offset": [5869, 5877]}, {"key": "no-obligation", "type": "definition", "offset": [6012, 6025]}, {"key": "owned-by", "type": "definition", "offset": [6094, 6102]}, {"key": "agreement-or", "type": "definition", "offset": [6247, 6259]}, {"key": "to-exercise", "type": "clause", "offset": [6418, 6429]}, {"key": "duty-of-care", "type": "clause", "offset": [6478, 6490]}, {"key": "the-rights", "type": "clause", "offset": [6550, 6560]}, {"key": "powers-granted", "type": "clause", "offset": [6578, 6592]}, {"key": "agent-may-act", "type": "clause", "offset": [6811, 6824]}, {"key": "no-duty-or-liability", "type": "clause", "offset": [7011, 7031]}, {"key": "other-lender", "type": "definition", "offset": [7050, 7062]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [7064, 7092]}, {"key": "in-the-agreement", "type": "clause", "offset": [7104, 7120]}], "hash": "f806fcaa4141d7f6587a88f07cb42a6c", "id": 4}, {"size": 259, "samples": [{"hash": "iuVC4pNnRnT", "uri": "/contracts/iuVC4pNnRnT#collateral-matters", "label": "Credit Agreement (Chiquita Brands International Inc)", "score": 22.4565372467, "published": true}, {"hash": "16qGj2w0tiI", "uri": "/contracts/16qGj2w0tiI#collateral-matters", "label": "Credit Agreement (Chiquita Brands International Inc)", "score": 22.1690616608, "published": true}, {"hash": "cpxs2qIcO3T", "uri": "/contracts/cpxs2qIcO3T#collateral-matters", "label": "Credit Agreement (Chiquita Brands International Inc)", "score": 21.8377819061, "published": true}], "snippet": "(a) The Administrative Agent is hereby authorized by each Secured Party, without the necessity of any notice to or further consent from any Secured Party, and without the obligation to take any such action, to take any action with respect to any Collateral or any Security Document which may from time to time be necessary to perfect and maintain perfected the Liens of the Security Documents.\n(b) The Secured Parties irrevocably authorize the Administrative Agent, at its option and in its discretion, to release (and to execute and deliver such documents, instruments and agreements as the Administrative Agent may deem necessary to release) any Lien granted to or held by the Administrative Agent upon any Collateral and any guarantee of the Secured Obligations (i) upon termination of the Revolving Loan Commitments and the Term Loan Commitments and the full Cash Collateralization in an amount equal to the then outstanding L/C Obligations and the payment in full of all Secured Obligations, including all other non-contingent Secured Obligations payable under this Agreement and under the other Credit Documents and the Lender Rate Contract Obligations (unless (i) arrangements have been made for the Lender Rate Contract Obligations under such Lender Rate Contract to be secured by a secured credit facility refinancing the Facilities or (ii) the provision of other replacement collateral equivalent in nature and value has been made (as reasonably determined by the Borrower and the applicable Lender Rate Contract counterparty) to support the Lender Rate Contract Obligations); (ii) constituting property of the Loan Parties which is sold, transferred or otherwise disposed of in connection with any transaction not prohibited by this Agreement or the Credit Documents; (iii) constituting property leased to the Significant Parties under an operating lease which has expired or been terminated in a transaction not prohibited by this Agreement or the other Credit Documents or which will concurrently expire and which has not been and is not intended by the Significant Parties to be, renewed or extended; (iv) consisting of an instrument, if the Indebtedness evidenced thereby has been paid in full; or (v) if approved or consented to by those of the Secured Parties required by Section 8.04. Upon request by the Administrative Agent, the other Secured Parties will confirm in writing the Administrative Agent\u2019s authority to release particular types or items of the Collateral pursuant to this Section 7.07.", "snippet_links": [{"key": "the-administrative-agent", "type": "clause", "offset": [4, 28]}, {"key": "authorized-by", "type": "definition", "offset": [39, 52]}, {"key": "secured-party", "type": "clause", "offset": [58, 71]}, {"key": "notice-to", "type": "clause", "offset": [102, 111]}, {"key": "further-consent", "type": "clause", "offset": [115, 130]}, {"key": "obligation-to-take", "type": "clause", "offset": [171, 189]}, {"key": "any-action", "type": "definition", "offset": [215, 225]}, {"key": "with-respect-to", "type": "clause", "offset": [226, 241]}, {"key": "from-time-to-time", "type": "clause", "offset": [292, 309]}, {"key": "the-liens", "type": "clause", "offset": [357, 366]}, {"key": "the-security-documents", "type": "clause", "offset": [370, 392]}, {"key": "the-secured-parties", "type": "clause", "offset": [398, 417]}, {"key": "in-its-discretion", "type": "clause", "offset": [484, 501]}, {"key": "execute-and-deliver", "type": "clause", "offset": [522, 541]}, {"key": "and-agreements", "type": "definition", "offset": [570, 584]}, {"key": "granted-to", "type": "clause", "offset": [653, 663]}, {"key": "the-secured-obligations", "type": "clause", "offset": [741, 764]}, {"key": "revolving-loan-commitments", "type": "definition", "offset": [793, 819]}, {"key": "the-term-loan-commitments", "type": "clause", "offset": [824, 849]}, {"key": "cash-collateralization", "type": "definition", "offset": [863, 885]}, {"key": "equal-to", "type": "definition", "offset": [899, 907]}, {"key": "payment-in-full", "type": "definition", "offset": [953, 968]}, {"key": "other-non", "type": "clause", "offset": [1011, 1020]}, {"key": "contingent-secured-obligations", "type": "definition", "offset": [1021, 1051]}, {"key": "other-credit-documents", "type": "definition", "offset": [1095, 1117]}, {"key": "lender-rate-contract-obligations", "type": "definition", "offset": [1126, 1158]}, {"key": "for-the-lender", "type": "definition", "offset": [1199, 1213]}, {"key": "credit-facility-refinancing", "type": "definition", "offset": [1299, 1326]}, {"key": "the-facilities", "type": "clause", "offset": [1327, 1341]}, {"key": "provision-of", "type": "clause", "offset": [1354, 1366]}, {"key": "replacement-collateral", "type": "definition", "offset": [1373, 1395]}, {"key": "lender-rate-contract-counterparty", "type": "definition", "offset": [1502, 1535]}, {"key": "the-loan-parties", "type": "definition", "offset": [1617, 1633]}, {"key": "otherwise-disposed-of", "type": "definition", "offset": [1664, 1685]}, {"key": "in-connection-with", "type": "clause", "offset": [1686, 1704]}, {"key": "not-prohibited", "type": "clause", "offset": [1721, 1735]}, {"key": "agreement-or", "type": "definition", "offset": [1744, 1756]}, {"key": "the-credit-documents", "type": "clause", "offset": [1757, 1777]}, {"key": "property-leased", "type": "clause", "offset": [1798, 1813]}, {"key": "significant-parties", "type": "definition", "offset": [1821, 1840]}, {"key": "operating-lease", "type": "definition", "offset": [1850, 1865]}, {"key": "the-indebtedness", "type": "clause", "offset": [2152, 2168]}, {"key": "paid-in-full", "type": "definition", "offset": [2196, 2208]}, {"key": "if-approved", "type": "clause", "offset": [2217, 2228]}, {"key": "consented-to-by", "type": "definition", "offset": [2232, 2247]}, {"key": "required-by", "type": "definition", "offset": [2277, 2288]}, {"key": "upon-request", "type": "clause", "offset": [2303, 2315]}, {"key": "other-secured-parties", "type": "definition", "offset": [2349, 2370]}, {"key": "in-writing", "type": "definition", "offset": [2384, 2394]}, {"key": "authority-to-release", "type": "clause", "offset": [2422, 2442]}, {"key": "the-collateral", "type": "definition", "offset": [2472, 2486]}, {"key": "pursuant-to", "type": "clause", "offset": [2487, 2498]}], "hash": "009d65bb6d261c24c7a072146d0113ea", "id": 5}, {"size": 249, "samples": [{"hash": "jn6JBfvdkjC", "uri": "/contracts/jn6JBfvdkjC#collateral-matters", "label": "Credit Agreement (Arthrocare Corp)", "score": 21.0, "published": true}, {"hash": "hOCQnWF4bb9", "uri": "/contracts/hOCQnWF4bb9#collateral-matters", "label": "Credit Agreement (Arthrocare Corp)", "score": 21.0, "published": true}, {"hash": "eKNrzFt6fHe", "uri": "/contracts/eKNrzFt6fHe#collateral-matters", "label": "Credit Agreement (Arthrocare Corp)", "score": 21.0, "published": true}], "snippet": "(a) Each Lender hereby irrevocably authorizes and directs the Collateral Agent to enter into the Security Documents for the benefit of such Lender. Each Lender hereby agrees, and each holder of any Note by the acceptance thereof will be deemed to agree, that, except as otherwise set forth in Section 10.01, any action taken by the Required Lenders, in accordance with the provisions of this Agreement or the Security Documents, and the exercise by the Required 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 Lenders. The Collateral Agent is hereby authorized on behalf of all of Lenders, without the necessity of any notice to or further consent from any Lender from time to time prior to, an Event of Default, to take any action with respect to any Collateral or Collateral Documents which may be necessary to perfect and maintain perfected the Liens upon the Collateral granted pursuant to the Security Documents.\n(b) Each Lender hereby irrevocably authorizes the Collateral Agent, at its option and in its discretion,\n(i) to release any Lien on any property granted to or held by the Collateral Agent under any Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations), (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders, or (iv) in connection with any foreclosure sale or other disposition of Collateral after the occurrence of an Event of Default; and\n(ii) to subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by this Agreement or any other Loan Document. Upon request by the Collateral Agent at any time, each Lender will confirm in writing the Collateral Agent\u2019s authority to release or subordinate its interest in particular types or items of Collateral pursuant to this Section 9.13.\n(c) Subject to Section 9.13(b), the Collateral Agent shall (and is hereby irrevocably authorized by each Lender, to) execute such documents as may be necessary to evidence the release or subordination of the Liens granted to the Collateral Agent for the benefit of the Collateral Agent and Lenders herein or pursuant hereto upon the applicable Collateral; provided that (i) the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent\u2019s opinion, would expose the Collateral Agent to or create any liability or entail any consequence other than the release or subordination of such Liens without recourse or warranty and (ii) such release or subordination shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of the Borrower or any other Loan Party in respect of) all interests retained by the Borrower or any other Loan Party, including the proceeds of the sale, all of which shall continue to constitute part of the Collateral. In the event of any sale or transfer of Collateral, or any foreclosure with respect to any of the Collateral, the Collateral Agent shall be authorized to deduct all expenses reasonably incurred by the Collateral Agent from the proceeds of any such sale, transfer or foreclosure.\n(d) The Collateral Agent shall have no obligation whatsoever to any Lender or any other Person to assure that the Collateral exists or is owned by Borrower or any other Loan Party or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or in any of the Collateral Documents or pursuant hereto or thereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 9.13 or in any of the Security Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent\u2019s own interest in the Collateral as one of Lenders.\n(e) Each Lender hereby appoints each other Lender as agent for the purpose of perfecting the Collateral Agent\u2019s or the Lenders\u2019 security interest in assets that, in accordance with Article 9 or Division 9 (as applicable) of the applicable Uniform Commercial Code, can be perfected only by possession. Should any Lender (other than the Collateral Agent) obtain possession of any such Collateral, such Lender shall notify the Collateral Agent thereof, and, promptly upon the Collateral Agent\u2019s request therefore, shall deliver such Collateral to the Collateral Agent or in accordance with the Collateral Agent\u2019s instructions.", "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [4, 15]}, {"key": "authorizes-and-directs", "type": "clause", "offset": [35, 57]}, {"key": "the-collateral-agent", "type": "clause", "offset": [58, 78]}, {"key": "to-enter", "type": "definition", "offset": [79, 87]}, {"key": "the-security-documents", "type": "clause", "offset": [93, 115]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [116, 134]}, {"key": "the-acceptance", "type": "clause", "offset": [206, 220]}, {"key": "action-taken", "type": "clause", "offset": [312, 324]}, {"key": "the-required-lenders", "type": "clause", "offset": [328, 348]}, {"key": "agreement-or", "type": "definition", "offset": [392, 404]}, {"key": "other-powers", "type": "clause", "offset": [532, 544]}, {"key": "binding-upon", "type": "clause", "offset": [607, 619]}, {"key": "on-behalf-of", "type": "definition", "offset": [678, 690]}, {"key": "notice-to", "type": "clause", "offset": [736, 745]}, {"key": "further-consent", "type": "clause", "offset": [749, 764]}, {"key": "from-time-to-time", "type": "clause", "offset": [781, 798]}, {"key": "prior-to", "type": "definition", "offset": [799, 807]}, {"key": "with-respect-to", "type": "clause", "offset": [849, 864]}, {"key": "the-liens", "type": "clause", "offset": [961, 970]}, {"key": "collateral-granted", "type": "clause", "offset": [980, 998]}, {"key": "pursuant-to-the-security", "type": "clause", "offset": [999, 1023]}, {"key": "in-its-discretion", "type": "clause", "offset": [1121, 1138]}, {"key": "granted-to", "type": "clause", "offset": [1180, 1190]}, {"key": "loan-document", "type": "clause", "offset": [1233, 1246]}, {"key": "upon-termination-of-the", "type": "clause", "offset": [1251, 1274]}, {"key": "aggregate-commitments", "type": "clause", "offset": [1275, 1296]}, {"key": "payment-in-full-of-all-obligations", "type": "definition", "offset": [1301, 1335]}, {"key": "contingent-indemnification-obligations", "type": "definition", "offset": [1348, 1386]}, {"key": "in-connection-with", "type": "clause", "offset": [1435, 1453]}, {"key": "other-loan", "type": "definition", "offset": [1496, 1506]}, {"key": "subject-to-section", "type": "clause", "offset": [1523, 1541]}, {"key": "if-approved", "type": "clause", "offset": [1549, 1560]}, {"key": "in-writing", "type": "definition", "offset": [1585, 1595]}, {"key": "sale-or-other-disposition-of-collateral", "type": "clause", "offset": [1664, 1703]}, {"key": "after-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [1704, 1747]}, {"key": "the-holder", "type": "clause", "offset": [1868, 1878]}, {"key": "by-this-agreement", "type": "clause", "offset": [1926, 1943]}, {"key": "upon-request", "type": "clause", "offset": [1972, 1984]}, {"key": "at-any-time", "type": "clause", "offset": [2009, 2020]}, {"key": "authority-to-release", "type": "clause", "offset": [2081, 2101]}, {"key": "in-particular", "type": "clause", "offset": [2130, 2143]}, {"key": "agent-shall", "type": "definition", "offset": [2251, 2262]}, {"key": "authorized-by", "type": "definition", "offset": [2290, 2303]}, {"key": "the-release", "type": "clause", "offset": [2376, 2387]}, {"key": "subordination-of-the", "type": "clause", "offset": [2391, 2411]}, {"key": "collateral-agent-and-lenders", "type": "clause", "offset": [2473, 2501]}, {"key": "applicable-collateral", "type": "definition", "offset": [2537, 2558]}, {"key": "provided-that", "type": "definition", "offset": [2560, 2573]}, {"key": "without-recourse", "type": "clause", "offset": [2842, 2858]}, {"key": "warranty-and", "type": "clause", "offset": [2862, 2874]}, {"key": "the-obligations", "type": "clause", "offset": [2962, 2977]}, {"key": "obligations-of-the-borrower", "type": "clause", "offset": [3000, 3027]}, {"key": "loan-party", "type": "definition", "offset": [3041, 3051]}, {"key": "in-respect-of", "type": "definition", "offset": [3052, 3065]}, {"key": "by-the-borrower", "type": "clause", "offset": [3090, 3105]}, {"key": "the-sale", "type": "clause", "offset": [3157, 3165]}, {"key": "in-the-event-of", "type": "clause", "offset": [3233, 3248]}, {"key": "sale-or-transfer-of-collateral", "type": "clause", "offset": [3253, 3283]}, {"key": "agent-from", "type": "definition", "offset": [3445, 3455]}, {"key": "no-obligation", "type": "definition", "offset": [3548, 3561]}, {"key": "any-other-person", "type": "definition", "offset": [3590, 3606]}, {"key": "by-borrower", "type": "clause", "offset": [3656, 3667]}, {"key": "the-collateral-documents", "type": "clause", "offset": [3800, 3824]}, {"key": "to-exercise", "type": "clause", "offset": [3991, 4002]}, {"key": "duty-of-care", "type": "clause", "offset": [4066, 4078]}, {"key": "the-rights", "type": "clause", "offset": [4110, 4120]}, {"key": "powers-granted", "type": "clause", "offset": [4138, 4152]}, {"key": "available-to", "type": "definition", "offset": [4156, 4168]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [4257, 4283]}, {"key": "agent-may-act", "type": "clause", "offset": [4376, 4389]}, {"key": "sole-discretion", "type": "definition", "offset": [4436, 4451]}, {"key": "lender-as-agent", "type": "clause", "offset": [4575, 4590]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [4591, 4609]}, {"key": "the-lenders", "type": "clause", "offset": [4647, 4658]}, {"key": "interest-in-assets", "type": "clause", "offset": [4669, 4687]}, {"key": "article-9", "type": "definition", "offset": [4713, 4722]}, {"key": "uniform-commercial-code", "type": "clause", "offset": [4771, 4794]}, {"key": "possession-of", "type": "clause", "offset": [4892, 4905]}, {"key": "notify-the", "type": "clause", "offset": [4945, 4955]}, {"key": "promptly-upon-the", "type": "clause", "offset": [4987, 5004]}], "hash": "794131e51e754ffb2dd982e3718b3cea", "id": 6}, {"size": 239, "samples": [{"hash": "9u2oVBpHpAu", "uri": "/contracts/9u2oVBpHpAu#collateral-matters", "label": "Credit Agreement (CarParts.com, Inc.)", "score": 36.693359375, "published": true}, {"hash": "bepG2xK7fwZ", "uri": "/contracts/bepG2xK7fwZ#collateral-matters", "label": "Credit Agreement (Potbelly Corp)", "score": 35.1136207581, "published": true}, {"hash": "9QRZGQQ8NFl", "uri": "/contracts/9QRZGQQ8NFl#collateral-matters", "label": "Credit Agreement (iPower Inc.)", "score": 33.7830238342, "published": true}], "snippet": "(a) Except with respect to the exercise of setoff rights in accordance with Section 9.08 or with respect to a Secured Party\u2019s right to file a proof of claim in an insolvency proceeding, no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Secured Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms thereof. In its capacity, the Administrative Agent is a \u201crepresentative\u201d of the Secured Parties within the meaning of the term \u201csecured party\u201d as defined in the UCC. In the event that any Collateral is hereafter pledged by any Person as collateral security for the Secured Obligations, the Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and deliver on behalf of the Secured Parties any Loan Documents necessary or appropriate to grant and perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of the Secured Parties.\n(b) In furtherance of the foregoing and not in limitation thereof, no arrangements in respect of Banking Services the obligations under which constitute Secured Obligations and no Swap Agreement the obligations under which constitute Secured Obligations, will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party under any Loan Document. By accepting the benefits of the Collateral, each Secured Party that is a party to any such arrangement in respect of Banking Services or Swap Agreement, as applicable, shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph.\n(c) The Secured Parties irrevocably authorize the Administrative Agent, at its option and in its discretion, to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(b). The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent\u2019s Lien thereon or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders or any other Secured Party for any failure to monitor or maintain any portion of the Collateral.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [11, 26]}, {"key": "exercise-of-setoff-rights", "type": "clause", "offset": [31, 56]}, {"key": "in-accordance-with", "type": "clause", "offset": [57, 75]}, {"key": "right-to-file", "type": "clause", "offset": [126, 139]}, {"key": "proof-of-claim", "type": "clause", "offset": [142, 156]}, {"key": "insolvency-proceeding", "type": "definition", "offset": [163, 184]}, {"key": "the-collateral", "type": "definition", "offset": [260, 274]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [340, 366]}, {"key": "rights-and-remedies", "type": "clause", "offset": [379, 398]}, {"key": "the-loan-documents", "type": "clause", "offset": [405, 423]}, {"key": "the-administrative-agent", "type": "clause", "offset": [451, 475]}, {"key": "on-behalf-of", "type": "definition", "offset": [476, 488]}, {"key": "the-secured-parties", "type": "clause", "offset": [489, 508]}, {"key": "the-terms", "type": "definition", "offset": [528, 537]}, {"key": "meaning-of", "type": "clause", "offset": [645, 655]}, {"key": "in-the-event", "type": "clause", "offset": [704, 716]}, {"key": "any-person", "type": "definition", "offset": [761, 771]}, {"key": "security-for-the-secured-obligations", "type": "clause", "offset": [786, 822]}, {"key": "a-power-of-attorney", "type": "clause", "offset": [890, 909]}, {"key": "execute-and-deliver", "type": "clause", "offset": [914, 933]}, {"key": "any-loan", "type": "clause", "offset": [967, 975]}, {"key": "in-favor-of", "type": "clause", "offset": [1058, 1069]}, {"key": "the-foregoing", "type": "definition", "offset": [1151, 1164]}, {"key": "no-arrangements", "type": "clause", "offset": [1196, 1211]}, {"key": "in-respect-of", "type": "definition", "offset": [1212, 1225]}, {"key": "banking-services", "type": "definition", "offset": [1226, 1242]}, {"key": "the-obligations", "type": "clause", "offset": [1243, 1258]}, {"key": "swap-agreement", "type": "clause", "offset": [1309, 1323]}, {"key": "a-party", "type": "clause", "offset": [1459, 1466]}, {"key": "in-connection-with", "type": "clause", "offset": [1486, 1504]}, {"key": "the-management", "type": "definition", "offset": [1505, 1519]}, {"key": "release-of", "type": "clause", "offset": [1523, 1533]}, {"key": "obligations-of", "type": "clause", "offset": [1559, 1573]}, {"key": "loan-party", "type": "definition", "offset": [1578, 1588]}, {"key": "by-accepting", "type": "clause", "offset": [1614, 1626]}, {"key": "benefits-of", "type": "clause", "offset": [1631, 1642]}, {"key": "to-serve", "type": "definition", "offset": [1842, 1850]}, {"key": "administrative-agent-and-collateral-agent", "type": "definition", "offset": [1854, 1895]}, {"key": "agreed-to", "type": "clause", "offset": [1925, 1934]}, {"key": "subject-to-the", "type": "clause", "offset": [1997, 2011]}, {"key": "in-its-discretion", "type": "clause", "offset": [2143, 2160]}, {"key": "granted-to", "type": "clause", "offset": [2202, 2212]}, {"key": "the-holder", "type": "clause", "offset": [2276, 2286]}, {"key": "agent-shall", "type": "definition", "offset": [2373, 2384]}, {"key": "responsible-for", "type": "clause", "offset": [2392, 2407]}, {"key": "representation-or-warranty", "type": "clause", "offset": [2456, 2482]}, {"key": "prepared-by", "type": "clause", "offset": [2651, 2662]}, {"key": "the-lenders", "type": "clause", "offset": [2766, 2777]}, {"key": "other-secured-party", "type": "definition", "offset": [2785, 2804]}, {"key": "failure-to", "type": "clause", "offset": [2813, 2823]}], "hash": "e8b92ba5b03a8ecc338dc7a56dfc78ee", "id": 7}, {"size": 194, "samples": [{"hash": "8WdT5f0SHwz", "uri": "/contracts/8WdT5f0SHwz#collateral-matters", "label": "Credit Agreement (ProPetro Holding Corp.)", "score": 34.4236831665, "published": true}, {"hash": "4KuxrLiNLZO", "uri": "/contracts/4KuxrLiNLZO#collateral-matters", "label": "Restatement Agreement (ProPetro Holding Corp.)", "score": 33.2819976807, "published": true}, {"hash": "lR8X6uHq0IR", "uri": "/contracts/lR8X6uHq0IR#collateral-matters", "label": "Credit Agreement (ProPetro Holding Corp.)", "score": 29.9691982269, "published": true}], "snippet": "(a) The Lenders (and each other Secured Party by their acceptance of the benefits of the Loan Documents shall be deemed to) hereby irrevocably authorize the Collateral Agent (and if applicable, any subagent appointed by the Collateral Agent under Section 13.2 or otherwise) to release its Liens on the Collateral, and the Collateral Agent\u2019s Liens upon any Collateral shall be automatically released (i) upon Full Payment of the Obligations; (ii) upon a disposition of Collateral permitted by Section 8.8 to a Person that is not an Obligor; (iii) if any such Collateral constitutes property in which the Obligors owned no interest at the time the Lien was granted or at any time thereafter; (iv) if any such Collateral constitutes property leased to an Obligor under a lease which has expired or been terminated in a transaction permitted under this Agreement; (v) to the extent the property constituting such Collateral is owned by any Guarantor, upon the release of such Guarantor from its obligations under the Guarantee Agreement (in accordance with the second succeeding sentence and the Guarantee Agreement); (vi) as required by the Collateral Agent to effect any sale, transfer or other Disposition of Collateral in connection with any exercise of remedies of the Collateral Agent pursuant to the Security Documents and (vii) to the extent such Collateral otherwise becomes an Excluded Stock or an Excluded Asset. Except as provided above, the Collateral Agent will not release any of the Collateral Agent\u2019s Liens without the prior written authorization of the Required Lenders (or such other percentage of Lenders whose consent is required in accordance with Section 12.1); provided that, in addition to the foregoing, the Collateral Agent may, in its discretion, release such Collateral Agent\u2019s Liens on Collateral valued in the aggregate not in excess of $2,500,000 during each Fiscal Year without the prior written authorization of any Lender, so long as all proceeds received in connection with such release are applied to the Obligations in accordance with Section 4.7 and, after giving effect to the application of such proceeds and the updating of the Borrowing Base, as the case may be, to reflect the deletion of any assets subject to such release, Availability shall be no less than the Availability immediately prior to such release. Upon request by the Collateral Agent or the Borrower at any time, subject to the Borrower having certified to the Collateral Agent that the disposition is made in compliance with Section 8.8 (which the Collateral Agent may rely conclusively on any such certificate, without further inquiry), the Lenders will confirm in writing the Collateral Agent\u2019s authority to release any applicable Collateral Agent\u2019s Liens upon particular types or items of Collateral pursuant to this Section 13.10. In addition, the Lenders hereby irrevocably authorize (x) the Collateral Agent to subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 8.12(c) and (y) the Agent to release automatically any Guarantor from its obligations under the Guarantee Agreement if such Person ceases to be a Restricted Subsidiary as a result of a transaction permitted under this Agreement or such Person otherwise becomes an Excluded Subsidiary, in each case, solely to the extent such Subsidiary ceasing to constitute a Restricted Subsidiary or otherwise becoming an Excluded Subsidiary is not prohibited by this Agreement. Upon request by any Appointed Agent at any time, the Required Lenders will confirm in writing such Appointed Agent\u2019s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations pursuant to this Section 13.10(a).\n(b) Upon receipt by any Appointed Agent of any authorization required pursuant to Section 13.10(a) from the Lenders of such Appointed Agent\u2019s authority to release or subordinate the applicable Collateral Agent\u2019s Liens upon particular types or items of Collateral, or to release any Guarantor from its obligations under the Guarantee Agreement, and upon at least three (3) Business Days\u2019 prior written request by the Borrower, such Appointed Agent shall (and is hereby irrevocably authorized by the Lenders and the other Secured Parties to) execute such documents as may be necessary to evidence the release of such Collateral Agent\u2019s Liens upon such Collateral or to subordinate its interest therein, or to release such Guarantor from its obligations under the Guarantee Agreement; provided, however, that (i) such Appointed Agent shall not be required to execute any such document on terms which, in such Appointed Agent\u2019s opinion, would expose such Appointed Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Obligors in respect of) all interests retained by the Obligors, including the proceeds of any sale, all of which shall continue to constitute part of such Collateral.\n(c) The Collateral Agent shall have no obligation whatsoever to any of the Lenders to assure that the Collateral exists or is owned by the Obligors or is cared for, protected or insured or has been encumbered, or that the applicable Collateral Agent\u2019s Liens have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to the Collateral Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent\u2019s own interest in the Collateral in its capacity as one of the Lenders and that the Collateral Agent shall have no other duty or liability whatsoever to any Lender as to any of the foregoing.", "snippet_links": [{"key": "other-secured-party", "type": "definition", "offset": [26, 45]}, {"key": "benefits-of", "type": "clause", "offset": [73, 84]}, {"key": "the-loan-documents", "type": "clause", "offset": [85, 103]}, {"key": "the-collateral-agent", "type": "clause", "offset": [153, 173]}, {"key": "if-applicable", "type": "definition", "offset": [179, 192]}, {"key": "section-132", "type": "clause", "offset": [247, 259]}, {"key": "liens-on-the-collateral", "type": "clause", "offset": [289, 312]}, {"key": "collateral-shall", "type": "definition", "offset": [356, 372]}, {"key": "full-payment-of-the-obligations", "type": "definition", "offset": [408, 439]}, {"key": "disposition-of-collateral", "type": "clause", "offset": [453, 478]}, {"key": "section-88", "type": "clause", "offset": [492, 503]}, {"key": "a-person", "type": "definition", "offset": [507, 515]}, {"key": "an-obligor", "type": "clause", "offset": [528, 538]}, {"key": "collateral-constitutes", "type": "definition", "offset": [558, 580]}, {"key": "the-obligors", "type": "clause", "offset": [599, 611]}, {"key": "no-interest", "type": "clause", "offset": [618, 629]}, {"key": "at-the-time", "type": "definition", "offset": [630, 641]}, {"key": "the-lien", "type": "clause", "offset": [642, 650]}, {"key": "at-any-time", "type": "clause", "offset": [666, 677]}, {"key": "property-leased", "type": "clause", "offset": [730, 745]}, {"key": "to-the-extent", "type": "clause", "offset": [864, 877]}, {"key": "the-property", "type": "clause", "offset": [878, 890]}, {"key": "owned-by", "type": "definition", "offset": [923, 931]}, {"key": "release-of", "type": "clause", "offset": [956, 966]}, {"key": "the-guarantee-agreement", "type": "clause", "offset": [1009, 1032]}, {"key": "in-accordance-with", "type": "clause", "offset": [1034, 1052]}, {"key": "as-required-by", "type": "clause", "offset": [1119, 1133]}, {"key": "other-disposition", "type": "definition", "offset": [1187, 1204]}, {"key": "in-connection-with", "type": "clause", "offset": [1219, 1237]}, {"key": "remedies-of-the", "type": "clause", "offset": [1254, 1269]}, {"key": "the-security-documents", "type": "clause", "offset": [1299, 1321]}, {"key": "excluded-stock", "type": "definition", "offset": [1383, 1397]}, {"key": "excluded-asset", "type": "definition", "offset": [1404, 1418]}, {"key": "written-authorization", "type": "definition", "offset": [1538, 1559]}, {"key": "the-required-lenders", "type": "clause", "offset": [1563, 1583]}, {"key": "section-121", "type": "clause", "offset": [1666, 1678]}, {"key": "provided-that", "type": "definition", "offset": [1681, 1694]}, {"key": "the-foregoing", "type": "definition", "offset": [1711, 1724]}, {"key": "in-its-discretion", "type": "clause", "offset": [1752, 1769]}, {"key": "liens-on-collateral", "type": "clause", "offset": [1803, 1822]}, {"key": "in-the-aggregate", "type": "definition", "offset": [1830, 1846]}, {"key": "fiscal-year", "type": "definition", "offset": [1887, 1898]}, {"key": "section-47", "type": "clause", "offset": [2069, 2080]}, {"key": "after-giving", "type": "clause", "offset": [2086, 2098]}, {"key": "application-of", "type": "clause", "offset": [2113, 2127]}, {"key": "borrowing-base", "type": "definition", "offset": [2166, 2180]}, {"key": "the-case", "type": "definition", "offset": [2185, 2193]}, {"key": "deletion-of", "type": "clause", "offset": [2217, 2228]}, {"key": "prior-to", "type": "definition", "offset": [2329, 2337]}, {"key": "upon-request", "type": "clause", "offset": [2352, 2364]}, {"key": "to-the-borrower", "type": "definition", "offset": [2426, 2441]}, {"key": "compliance-with-section", "type": "clause", "offset": [2515, 2538]}, {"key": "in-writing", "type": "definition", "offset": [2669, 2679]}, {"key": "authority-to-release", "type": "clause", "offset": [2703, 2723]}, {"key": "granted-to", "type": "clause", "offset": [2960, 2970]}, {"key": "any-loan", "type": "clause", "offset": [3009, 3017]}, {"key": "the-holder", "type": "clause", "offset": [3030, 3040]}, {"key": "the-agent", "type": "clause", "offset": [3115, 3124]}, {"key": "restricted-subsidiary", "type": "definition", "offset": [3245, 3266]}, {"key": "agreement-or", "type": "definition", "offset": [3317, 3329]}, {"key": "excluded-subsidiary", "type": "definition", "offset": [3363, 3382]}, {"key": "each-case", "type": "definition", "offset": [3387, 3396]}, {"key": "not-prohibited", "type": "clause", "offset": [3529, 3543]}, {"key": "by-this-agreement", "type": "clause", "offset": [3544, 3561]}, {"key": "appointed-agent", "type": "definition", "offset": [3583, 3598]}, {"key": "in-particular", "type": "clause", "offset": [3729, 3742]}, {"key": "upon-receipt", "type": "definition", "offset": [3859, 3871]}, {"key": "authorization-required", "type": "clause", "offset": [3902, 3924]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3925, 3944]}, {"key": "the-applicable-collateral-agent", "type": "clause", "offset": [4033, 4064]}, {"key": "business-days", "type": "clause", "offset": [4227, 4240]}, {"key": "written-request", "type": "clause", "offset": [4248, 4263]}, {"key": "by-the-borrower", "type": "clause", "offset": [4264, 4279]}, {"key": "agent-shall", "type": "definition", "offset": [4296, 4307]}, {"key": "by-the-lenders", "type": "clause", "offset": [4346, 4360]}, {"key": "other-secured-parties", "type": "definition", "offset": [4369, 4390]}, {"key": "without-recourse", "type": "clause", "offset": [4923, 4939]}, {"key": "obligations-of-the", "type": "clause", "offset": [5109, 5127]}, {"key": "in-respect-of", "type": "definition", "offset": [5137, 5150]}, {"key": "no-obligation", "type": "definition", "offset": [5331, 5344]}, {"key": "to-exercise", "type": "clause", "offset": [5689, 5700]}, {"key": "duty-of-care", "type": "clause", "offset": [5749, 5761]}, {"key": "the-rights", "type": "clause", "offset": [5821, 5831]}, {"key": "powers-granted", "type": "clause", "offset": [5849, 5863]}, {"key": "available-to", "type": "definition", "offset": [5867, 5879]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [5949, 5975]}, {"key": "agent-may-act", "type": "clause", "offset": [6068, 6081]}, {"key": "sole-discretion", "type": "definition", "offset": [6128, 6143]}, {"key": "no-other-duty", "type": "clause", "offset": [6284, 6297]}], "hash": "b1e360f1a5598b94d096abca94b7d783", "id": 8}, {"size": 187, "samples": [{"hash": "ieiBEUvRPVB", "uri": "/contracts/ieiBEUvRPVB#collateral-matters", "label": "Loan Agreement", "score": 31.3408622742, "published": true}, {"hash": "dXSoBBHCACc", "uri": "/contracts/dXSoBBHCACc#collateral-matters", "label": "Loan Agreement", "score": 31.3408622742, "published": true}, {"hash": "hM8RX7XbmmP", "uri": "/contracts/hM8RX7XbmmP#collateral-matters", "label": "Loan Agreement (Rti Surgical, Inc.)", "score": 28.8384666443, "published": true}], "snippet": "(a) Each Lender authorizes and directs the Administrative Agent to enter into the Security Documents for the benefit of the Lenders. Each Lender hereby agrees, and each holder of any Note by the acceptance thereof will be deemed to agree, that, except as otherwise set forth herein, any action taken by the Required Lenders in accordance with the provisions of this Agreement or the Security Documents, and the exercise by the Required 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. The Administrative Agent is hereby authorized on behalf of all of the Lenders, without the necessity of any notice to or further consent from any Lender, from time to time prior to an Event of Default, to take any action with respect to any Collateral or Security Documents which may be necessary to perfect and maintain perfected the security interest in and liens upon the Collateral granted pursuant to the Security Documents.\n(b) The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any Lien granted to or held by the Administrative Agent upon any Collateral (i) upon termination of this Agreement and payment and satisfaction of all of the Obligations (other than inchoate indemnification obligations) at any time arising under or in respect of this Agreement or the Loan Documents or the transactions contemplated hereby or thereby, (ii) constituting property being sold or otherwise disposed of (to Persons other than Borrower and its Subsidiaries) upon the sale or other disposition thereof in compliance with this Agreement, (iii) if approved, authorized or ratified in writing by the Required Lenders or as otherwise may be expressly provided in the relevant documentation granting such Lien.\n(c) Administrative Agent shall have no obligation whatsoever to the Lenders or to any other Person to assure that the Collateral exists or is owned by Borrower or any of its Subsidiaries or is cared for, protected or insured or that the Liens granted to the Administrative Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Administrative Agent in this Section 8.10 or in any of the Security Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Administrative Agent may act in any manner it may deem appropriate, in its sole discretion, given the Administrative Agent\u2019s own interest in the Collateral as one of the Lenders and that the Administrative Agent shall have no duty or liability whatsoever to the Lenders, except for its gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision).\n(d) To the extent required by any applicable laws, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. Each Lender shall indemnify and hold harmless the Administrative Agent against, and shall make payable in respect thereof within ten (10) days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of such Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender by Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due Administrative Agent under this Section 8.10(d). The agreements in this Section 8.10(d) shall survive the resignation and/or replacement of Administrative Agent, any assignment of rights by, or the replacement of, a Lender, and the repayment, satisfaction or discharge of all other obligations.", "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [4, 15]}, {"key": "authorizes-and-directs", "type": "clause", "offset": [16, 38]}, {"key": "to-enter", "type": "definition", "offset": [64, 72]}, {"key": "the-security-documents", "type": "clause", "offset": [78, 100]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [109, 131]}, {"key": "the-acceptance", "type": "clause", "offset": [191, 205]}, {"key": "action-taken", "type": "clause", "offset": [287, 299]}, {"key": "the-required-lenders", "type": "clause", "offset": [303, 323]}, {"key": "agreement-or", "type": "definition", "offset": [366, 378]}, {"key": "other-powers", "type": "clause", "offset": [506, 518]}, {"key": "binding-upon", "type": "clause", "offset": [581, 593]}, {"key": "on-behalf-of", "type": "definition", "offset": [660, 672]}, {"key": "notice-to", "type": "clause", "offset": [722, 731]}, {"key": "further-consent", "type": "clause", "offset": [735, 750]}, {"key": "from-time-to-time", "type": "clause", "offset": [768, 785]}, {"key": "prior-to-an-event-of-default", "type": "clause", "offset": [786, 814]}, {"key": "with-respect-to", "type": "clause", "offset": [835, 850]}, {"key": "collateral-or-security", "type": "definition", "offset": [855, 877]}, {"key": "the-security-interest", "type": "definition", "offset": [945, 966]}, {"key": "collateral-granted", "type": "clause", "offset": [989, 1007]}, {"key": "pursuant-to-the-security", "type": "clause", "offset": [1008, 1032]}, {"key": "in-its-discretion", "type": "clause", "offset": [1121, 1138]}, {"key": "granted-to", "type": "clause", "offset": [1160, 1170]}, {"key": "upon-termination-of-this-agreement", "type": "clause", "offset": [1231, 1265]}, {"key": "satisfaction-of", "type": "clause", "offset": [1282, 1297]}, {"key": "the-obligations", "type": "clause", "offset": [1305, 1320]}, {"key": "indemnification-obligations", "type": "definition", "offset": [1342, 1369]}, {"key": "at-any-time", "type": "clause", "offset": [1371, 1382]}, {"key": "in-respect-of", "type": "definition", "offset": [1400, 1413]}, {"key": "the-loan-documents", "type": "clause", "offset": [1432, 1450]}, {"key": "contemplated-hereby-or-thereby", "type": "clause", "offset": [1471, 1501]}, {"key": "property-being-sold", "type": "clause", "offset": [1521, 1540]}, {"key": "otherwise-disposed-of", "type": "definition", "offset": [1544, 1565]}, {"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [1589, 1618]}, {"key": "sale-or-other-disposition", "type": "clause", "offset": [1629, 1654]}, {"key": "compliance-with-this-agreement", "type": "clause", "offset": [1666, 1696]}, {"key": "if-approved", "type": "clause", "offset": [1704, 1715]}, {"key": "in-writing", "type": "definition", "offset": [1740, 1750]}, {"key": "relevant-documentation", "type": "clause", "offset": [1824, 1846]}, {"key": "agent-shall", "type": "definition", "offset": [1886, 1897]}, {"key": "no-obligation", "type": "definition", "offset": [1903, 1916]}, {"key": "any-other-person", "type": "definition", "offset": [1949, 1965]}, {"key": "by-borrower", "type": "clause", "offset": [2015, 2026]}, {"key": "the-liens", "type": "clause", "offset": [2100, 2109]}, {"key": "to-exercise", "type": "clause", "offset": [2308, 2319]}, {"key": "duty-of-care", "type": "clause", "offset": [2383, 2395]}, {"key": "the-rights", "type": "clause", "offset": [2427, 2437]}, {"key": "powers-granted", "type": "clause", "offset": [2455, 2469]}, {"key": "available-to", "type": "definition", "offset": [2473, 2485]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [2578, 2604]}, {"key": "agent-may-act", "type": "clause", "offset": [2701, 2714]}, {"key": "sole-discretion", "type": "definition", "offset": [2761, 2776]}, {"key": "no-duty-or-liability", "type": "clause", "offset": [2909, 2929]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [2972, 3010]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [3031, 3062]}, {"key": "to-the-extent", "type": "clause", "offset": [3108, 3121]}, {"key": "required-by", "type": "definition", "offset": [3122, 3133]}, {"key": "applicable-laws", "type": "clause", "offset": [3138, 3153]}, {"key": "payment-to", "type": "clause", "offset": [3202, 3212]}, {"key": "applicable-withholding-tax", "type": "definition", "offset": [3252, 3278]}, {"key": "indemnify-and-hold-harmless", "type": "clause", "offset": [3298, 3325]}, {"key": "days-after", "type": "definition", "offset": [3418, 3428]}, {"key": "taxes-and", "type": "clause", "offset": [3458, 3467]}, {"key": "liabilities-and-expenses", "type": "clause", "offset": [3504, 3528]}, {"key": "charges-and-disbursements", "type": "clause", "offset": [3546, 3571]}, {"key": "counsel-for-the", "type": "clause", "offset": [3579, 3594]}, {"key": "administrative-agent-by", "type": "definition", "offset": [3653, 3676]}, {"key": "governmental-authority", "type": "definition", "offset": [3698, 3720]}, {"key": "failure-of-the", "type": "clause", "offset": [3740, 3754]}, {"key": "the-account", "type": "clause", "offset": [3829, 3840]}, {"key": "for-any-reason", "type": "clause", "offset": [3856, 3870]}, {"key": "without-limitation", "type": "clause", "offset": [3883, 3901]}, {"key": "appropriate-form", "type": "clause", "offset": [3915, 3931]}, {"key": "properly-executed", "type": "definition", "offset": [3957, 3974]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [4009, 4040]}, {"key": "change-in-circumstance", "type": "definition", "offset": [4046, 4068]}, {"key": "exemption-from", "type": "clause", "offset": [4087, 4101]}, {"key": "reduction-of", "type": "clause", "offset": [4106, 4118]}, {"key": "manifest-error", "type": "definition", "offset": [4284, 4298]}, {"key": "other-loan", "type": "definition", "offset": [4457, 4467]}, {"key": "the-agreements", "type": "clause", "offset": [4549, 4563]}, {"key": "replacement-of-administrative-agent", "type": "clause", "offset": [4625, 4660]}, {"key": "assignment-of-rights", "type": "definition", "offset": [4666, 4686]}, {"key": "a-lender", "type": "definition", "offset": [4714, 4722]}, {"key": "other-obligations", "type": "clause", "offset": [4776, 4793]}], "hash": "97ee505b125127005643166020b4f830", "id": 9}, {"size": 150, "samples": [{"hash": "gz79ArPvsO2", "uri": "/contracts/gz79ArPvsO2#collateral-matters", "label": "Credit Agreement (Dicks Sporting Goods Inc)", "score": 22.6427097321, "published": true}, {"hash": "sFBHCaLZh2", "uri": "/contracts/sFBHCaLZh2#collateral-matters", "label": "Credit Agreement (Galyans Trading Co Inc)", "score": 21.0, "published": true}, {"hash": "3W64witelBJ", "uri": "/contracts/3W64witelBJ#collateral-matters", "label": "Credit Agreement (Dicks Sporting Goods Inc)", "score": 21.0, "published": true}], "snippet": "(a) Except as otherwise expressly provided for in this Agreement, Agent shall have no obligation whatsoever to any Lender or any other Person to investigate, confirm or assure that the Collateral exists or is owned by any Loan Party (provided Agent agrees with Lenders to conduct at least one collateral audit in each Fiscal Year) or is cared for, protected or insured or has been encumbered, or that any particular items of Collateral meet the eligibility criteria applicable in respect of the Borrowing Base, or whether any particular reserves are appropriate, or that the Liens granted to Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent in this Agreement or in any of the other Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, Agent may act in any manner it may deem appropriate, in its discretion, given Agent\u2019s own interest in the Collateral as a Lender and that Agent shall have no duty or liability whatsoever to any other Lender, other than liability for its own gross negligence or willful misconduct as determined by a final judgment of a court of competent jurisdiction.\n(b) Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Lenders\u2019 security interest in assets which, in accordance with Article 9 of the Code can be perfected only by possession. Should any Lender (other than Agent) obtain possession of any such Collateral, such Lender shall notify Agent thereof and, promptly upon Agent\u2019s request therefor, shall deliver such Collateral to Agent or in accordance with Agent\u2019s instructions.", "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [47, 64]}, {"key": "agent-shall", "type": "definition", "offset": [66, 77]}, {"key": "no-obligation", "type": "definition", "offset": [83, 96]}, {"key": "any-other-person", "type": "definition", "offset": [125, 141]}, {"key": "the-collateral", "type": "definition", "offset": [181, 195]}, {"key": "owned-by", "type": "definition", "offset": [209, 217]}, {"key": "loan-party", "type": "definition", "offset": [222, 232]}, {"key": "agent-agrees", "type": "clause", "offset": [243, 255]}, {"key": "collateral-audit", "type": "clause", "offset": [293, 309]}, {"key": "fiscal-year", "type": "definition", "offset": [318, 329]}, {"key": "eligibility-criteria", "type": "definition", "offset": [445, 465]}, {"key": "in-respect-of", "type": "definition", "offset": [477, 490]}, {"key": "borrowing-base", "type": "definition", "offset": [495, 509]}, {"key": "the-liens", "type": "clause", "offset": [571, 580]}, {"key": "granted-to", "type": "clause", "offset": [581, 591]}, {"key": "to-exercise", "type": "clause", "offset": [760, 771]}, {"key": "duty-of-care", "type": "clause", "offset": [820, 832]}, {"key": "the-rights", "type": "clause", "offset": [892, 902]}, {"key": "powers-granted", "type": "clause", "offset": [920, 934]}, {"key": "available-to", "type": "definition", "offset": [938, 950]}, {"key": "agreement-or", "type": "definition", "offset": [965, 977]}, {"key": "other-loan-documents", "type": "definition", "offset": [992, 1012]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [1023, 1049]}, {"key": "agent-may-act", "type": "clause", "offset": [1127, 1140]}, {"key": "in-its-discretion", "type": "clause", "offset": [1180, 1197]}, {"key": "a-lender", "type": "definition", "offset": [1247, 1255]}, {"key": "no-duty-or-liability", "type": "clause", "offset": [1282, 1302]}, {"key": "other-lender", "type": "definition", "offset": [1321, 1333]}, {"key": "liability-for", "type": "clause", "offset": [1346, 1359]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [1368, 1406]}, {"key": "final-judgment", "type": "definition", "offset": [1426, 1440]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [1446, 1477]}, {"key": "each-lender", "type": "clause", "offset": [1483, 1494]}, {"key": "lender-as-agent", "type": "clause", "offset": [1522, 1537]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1538, 1556]}, {"key": "interest-in-assets", "type": "clause", "offset": [1586, 1604]}, {"key": "in-accordance-with", "type": "clause", "offset": [1612, 1630]}, {"key": "article-9", "type": "definition", "offset": [1631, 1640]}, {"key": "the-code", "type": "clause", "offset": [1644, 1652]}, {"key": "possession-of", "type": "clause", "offset": [1734, 1747]}, {"key": "upon-agent", "type": "definition", "offset": [1822, 1832]}], "hash": "ef2411f6e493256550cb85eaddd6157d", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihtjb2xsYXRlcmFsLW1hdHRlcnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["agent-the-lender-group", "Agent the Lender Group"], ["the-agent", "The Agent"], ["the-administrative-agent", "The Administrative Agent"], ["agent", "Agent"], ["miscellaneous", "Miscellaneous"]], "children": [["release-of-collateral", "Release of Collateral"], ["absence-of-duty", "Absence of Duty"], ["", ""], ["confirmation-of-authority-execution-of-releases", "Confirmation of Authority; Execution of Releases"], ["lien-searches", "Lien Searches"]], "size": 6128, "title": "Collateral Matters", "id": "collateral-matters", "related": [["collateral-matters-swap-agreements", "Collateral Matters; Swap Agreements", "<strong>Collateral Matters</strong>; Swap Agreements"], ["fiscal-matters", "Fiscal Matters", "Fiscal Matters"], ["general-matters", "General Matters", "General Matters"], ["collateral-and-guaranty-matters", "Collateral and Guaranty Matters", "Collateral and Guaranty Matters"], ["guaranty-matters", "Guaranty Matters", "Guaranty Matters"]], "related_snippets": [], "updated": "2026-05-21T04:35:46+00:00", "also_ask": ["What are the essential elements that must be included in a Collateral Matters clause to ensure enforceability?", "How can the scope of Collateral Matters be strategically limited or expanded during negotiations?", "What are the most common risks or pitfalls associated with poorly drafted Collateral Matters clauses?", "How do courts typically interpret and enforce Collateral Matters provisions in disputes?", "How does the treatment of Collateral Matters differ across key jurisdictions or under different governing laws?"], "drafting_tip": "Specify the types of collateral, outline perfection requirements, and detail release conditions to prevent disputes, ensure legal enforceability, and clarify parties\u2019 obligations.", "explanation": "The 'Collateral Matters' clause defines the terms and conditions related to any collateral provided as security under an agreement. It typically outlines the types of acceptable collateral, the process for perfecting security interests, and the parties' rights and obligations regarding the maintenance, substitution, or release of collateral. For example, it may specify how collateral must be valued, insured, or replaced if its value decreases. This clause serves to protect the secured party by ensuring that adequate security is maintained throughout the term of the agreement, thereby mitigating the risk of loss if the other party defaults."}, "json": true, "cursor": ""}}