{"component": "clause", "props": {"groups": [{"size": 15, "samples": [{"hash": "jAQ053I5qEx", "uri": "/contracts/jAQ053I5qEx#collateral-substitution", "label": "Securities Lending Agreement (Delaware Group Premium Fund)", "score": 18.0, "published": true}, {"hash": "iYJ6hHqKXe0", "uri": "/contracts/iYJ6hHqKXe0#collateral-substitution", "label": "Securities Lending Agreement (Delaware Group Adviser Funds Inc /Md/)", "score": 18.0, "published": true}, {"hash": "hNmswKIZY1G", "uri": "/contracts/hNmswKIZY1G#collateral-substitution", "label": "Securities Lending Agreement (Delaware Group Equity Funds Iv)", "score": 18.0, "published": true}], "snippet": "For each Loan, Chase or a Triparty Institution shall receive and hold all other Collateral required by the applicable MSLA in a Collateral Account, and Chase is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all Cash Collateral in Authorized Investments. Chase shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a Collateral Account and Chase shall \u2587\u2587\u2587\u2587 its books and records to identify Lender's interest therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Chase may act. Chase may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds to a Collateral Account. Chase shall accept substitutions of Collateral in accordance with the applicable MSLA, and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account. Letters of credit are not acceptable as Collateral.", "snippet_links": [{"key": "each-loan", "type": "clause", "offset": [4, 13]}, {"key": "institution-shall", "type": "clause", "offset": [35, 52]}, {"key": "other-collateral", "type": "definition", "offset": [74, 90]}, {"key": "required-by", "type": "definition", "offset": [91, 102]}, {"key": "the-applicable", "type": "clause", "offset": [103, 117]}, {"key": "collateral-account", "type": "clause", "offset": [128, 146]}, {"key": "to-invest", "type": "clause", "offset": [245, 254]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [268, 292]}, {"key": "cash-collateral", "type": "definition", "offset": [293, 308]}, {"key": "authorized-investments", "type": "definition", "offset": [312, 334]}, {"key": "where-applicable", "type": "clause", "offset": [359, 375]}, {"key": "books-and-records", "type": "clause", "offset": [519, 536]}, {"key": "for-purposes-of", "type": "clause", "offset": [659, 674]}, {"key": "other-lenders", "type": "definition", "offset": [730, 743]}, {"key": "of-securities", "type": "clause", "offset": [744, 757]}, {"key": "sole-discretion", "type": "definition", "offset": [807, 822]}, {"key": "net-proceeds", "type": "clause", "offset": [875, 887]}, {"key": "substitutions-of-collateral", "type": "clause", "offset": [932, 959]}, {"key": "in-accordance-with", "type": "clause", "offset": [960, 978]}, {"key": "letters-of-credit", "type": "definition", "offset": [1128, 1145]}, {"key": "not-acceptable", "type": "clause", "offset": [1150, 1164]}], "hash": "74fd88bdb768784c78da3a8d921e1c2e", "id": 1}, {"size": 12, "samples": [{"hash": "gQKuHTqo9Jm", "uri": "/contracts/gQKuHTqo9Jm#collateral-substitution", "label": "Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc)", "score": 21.0, "published": true}, {"hash": "KNvc0FumCV", "uri": "/contracts/KNvc0FumCV#collateral-substitution", "label": "Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc)", "score": 21.0, "published": true}], "snippet": "Borrower shall have the right from time to time to obtain the release of a Parcel or group of Parcels within a single office or office/industrial park (a \u201cgroup\u201d) and to substitute for said Parcel or group a new parcel or group of parcels not then subject to the lien of the Mortgage (\u201cNew Property\u201d), the value of which New Property must be equal to or greater than 100% of the initial value (as determined by Lender in Lender\u2019s sole discretion acting in good faith and which determination may, at Lender\u2019s sole discretion, be based on an MAI appraisal) of the Parcel(s) to be replaced, subject to the following: (i) Borrower is not in default under the Loan or an event has not occurred which with the giving of notice or passage of time would constitute a default, (ii) with respect to the Property and the Other Properties combined, substitution is limited to no more than one transaction involving a Parcel or group of Parcels per year, and to no more than two (2) transactions involving a Parcel or group of Parcels and in no event more than six (6) Parcels over the term of the Loan, (iii) the Parcel(s) to be replaced shall be limited to the original Parcel(s) encumbered by this Mortgage and the Other Mortgages, respectively, (iv) the New Property is acceptable to Lender in its sole discretion acting in good faith and (v) Borrower and any other Liable Parties have complied with each of the provisions of the Loan Documents and Indemnity Agreement. Lender shall have the right to charge a processing fee for the substitution of each New Property, which processing fee shall be $20,000 per transaction. Borrower shall also pay to Lender all costs and expenses incurred by Lender in connection with any request for the collateral substitution or in connection with any appraisal required by Lender pursuant to this subsection 10.03(c), including, without limitation, reasonable attorneys\u2019 fees and costs, recording costs and title insurance premiums. In addition, the Property, including the New Property and the Other Properties, shall be required to: (1) provide sufficient cash flow such that the ratio of the annual cash flow from the Property (following the substitution of the New Property) and the Other Properties to the annual debt service for the Loan is at least 1.40:1, and (2) support a loan to value ratio based on the value of the Property and the Other Properties less the value of the Parcel(s) to be replaced and including the value of the New Property being substituted (which will be determined by Lender at the time of the collateral substitution in Lender\u2019s sole discretion acting in good faith and which may, at Lender\u2019s sole discretion, be based on an MAI appraisal), which is not greater than 75%. The maximum ratio shall be calculated by dividing the outstanding aggregate principal balance of the Loan, at the time of substitution, by the combined agreed value of the Property and the Other Properties as of the date of substitution. Borrower acknowledges and agrees that Lender\u2019s right to accept or reject any New Property shall be exercisable in Lender\u2019s sole discretion acting in good faith. Without limiting the basis for Lender\u2019s rejection in good faith of a proposed collateral substitution, Lender shall be deemed to have exercised its sole discretion in good faith if it rejects a proposed collateral substitution based on any of the following criteria: value, environmental condition, market, location, product type, governmental restrictions, or condition of improvements or the rent rolls, tenants, and terms of the leases of tenants remaining after the substitution of the New Property. Borrower further acknowledges and agrees that Lender\u2019s right is a material inducement to Lender\u2019s agreeing to this collateral substitution provision, and but for Borrower\u2019s agreement that Lender may accept or reject any New Property Lender would not agree to provide this collateral substitution provision.", "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "the-right", "type": "clause", "offset": [20, 29]}, {"key": "from-time-to-time", "type": "clause", "offset": [30, 47]}, {"key": "release-of", "type": "clause", "offset": [62, 72]}, {"key": "group-of-parcels", "type": "definition", "offset": [85, 101]}, {"key": "industrial-park", "type": "definition", "offset": [135, 150]}, {"key": "group-a", "type": "definition", "offset": [200, 207]}, {"key": "the-lien", "type": "clause", "offset": [259, 267]}, {"key": "the-mortgage", "type": "clause", "offset": [271, 283]}, {"key": "new-property", "type": "definition", "offset": [286, 298]}, {"key": "the-value", "type": "clause", "offset": [302, 311]}, {"key": "equal-to", "type": "definition", "offset": [342, 350]}, {"key": "initial-value", "type": "definition", "offset": [379, 392]}, {"key": "sole-discretion", "type": "definition", "offset": [430, 445]}, {"key": "acting-in-good-faith", "type": "clause", "offset": [446, 466]}, {"key": "at-lender", "type": "definition", "offset": [496, 505]}, {"key": "based-on", "type": "clause", "offset": [528, 536]}, {"key": "mai-appraisal", "type": "definition", "offset": [540, 553]}, {"key": "default-under", "type": "clause", "offset": [637, 650]}, {"key": "an-event", "type": "clause", "offset": [663, 671]}, {"key": "giving-of-notice", "type": "clause", "offset": [704, 720]}, {"key": "passage-of-time", "type": "clause", "offset": [724, 739]}, {"key": "a-default", "type": "definition", "offset": [757, 766]}, {"key": "with-respect-to", "type": "clause", "offset": [773, 788]}, {"key": "other-properties", "type": "definition", "offset": [810, 826]}, {"key": "one-transaction", "type": "clause", "offset": [877, 892]}, {"key": "per-year", "type": "definition", "offset": [932, 940]}, {"key": "in-no-event", "type": "clause", "offset": [1026, 1037]}, {"key": "term-of-the-loan", "type": "clause", "offset": [1073, 1089]}, {"key": "the-original", "type": "definition", "offset": [1146, 1158]}, {"key": "other-mortgages", "type": "definition", "offset": [1205, 1220]}, {"key": "other-liable-parties", "type": "clause", "offset": [1351, 1371]}, {"key": "the-loan-documents", "type": "clause", "offset": [1417, 1435]}, {"key": "and-indemnity-agreement", "type": "clause", "offset": [1436, 1459]}, {"key": "right-to-charge", "type": "clause", "offset": [1483, 1498]}, {"key": "processing-fee", "type": "clause", "offset": [1501, 1515]}, {"key": "pay-to", "type": "definition", "offset": [1634, 1640]}, {"key": "expenses-incurred-by-lender", "type": "clause", "offset": [1662, 1689]}, {"key": "in-connection-with", "type": "clause", "offset": [1690, 1708]}, {"key": "request-for", "type": "definition", "offset": [1713, 1724]}, {"key": "the-collateral", "type": "definition", "offset": [1725, 1739]}, {"key": "required-by", "type": "definition", "offset": [1789, 1800]}, {"key": "pursuant-to", "type": "definition", "offset": [1808, 1819]}, {"key": "this-subsection", "type": "definition", "offset": [1820, 1835]}, {"key": "without-limitation", "type": "clause", "offset": [1857, 1875]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [1877, 1897]}, {"key": "fees-and-costs", "type": "definition", "offset": [1899, 1913]}, {"key": "recording-costs", "type": "clause", "offset": [1915, 1930]}, {"key": "title-insurance-premiums", "type": "clause", "offset": [1935, 1959]}, {"key": "in-addition", "type": "clause", "offset": [1961, 1972]}, {"key": "sufficient-cash-flow", "type": "clause", "offset": [2075, 2095]}, {"key": "ratio-of", "type": "clause", "offset": [2110, 2118]}, {"key": "annual-cash-flow", "type": "definition", "offset": [2123, 2139]}, {"key": "following-the", "type": "definition", "offset": [2159, 2172]}, {"key": "annual-debt-service", "type": "definition", "offset": [2239, 2258]}, {"key": "value-ratio", "type": "clause", "offset": [2318, 2329]}, {"key": "value-of-the-property", "type": "clause", "offset": [2343, 2364]}, {"key": "time-of-the", "type": "clause", "offset": [2542, 2553]}, {"key": "maximum-ratio", "type": "definition", "offset": [2737, 2750]}, {"key": "balance-of-the-loan", "type": "definition", "offset": [2819, 2838]}, {"key": "agreed-value", "type": "clause", "offset": [2885, 2897]}, {"key": "date-of", "type": "clause", "offset": [2949, 2956]}, {"key": "right-to-accept-or-reject", "type": "clause", "offset": [3018, 3043]}, {"key": "the-basis", "type": "clause", "offset": [3149, 3158]}, {"key": "a-proposed", "type": "clause", "offset": [3199, 3209]}, {"key": "environmental-condition", "type": "clause", "offset": [3406, 3429]}, {"key": "product-type", "type": "clause", "offset": [3449, 3461]}, {"key": "governmental-restrictions", "type": "clause", "offset": [3463, 3488]}, {"key": "condition-of-improvements", "type": "clause", "offset": [3493, 3518]}, {"key": "rent-rolls", "type": "definition", "offset": [3526, 3536]}, {"key": "terms-of-the-leases", "type": "clause", "offset": [3551, 3570]}, {"key": "inducement-to-lender", "type": "clause", "offset": [3711, 3731]}, {"key": "lender-may", "type": "definition", "offset": [3824, 3834]}, {"key": "property-lender", "type": "definition", "offset": [3860, 3875]}, {"key": "to-provide", "type": "clause", "offset": [3892, 3902]}], "hash": "ea3f0f26c56c88d4425865ad906ee2a1", "id": 2}, {"size": 8, "samples": [{"hash": "jYcVp2l0VLQ", "uri": "/contracts/jYcVp2l0VLQ#collateral-substitution", "label": "Securities Lending Agreement (Jp Morgan Mutual Fund Investment Trust)", "score": 18.0, "published": true}, {"hash": "hXPopMNjnE4", "uri": "/contracts/hXPopMNjnE4#collateral-substitution", "label": "Securities Lending Agreement (Growth & Income Portfolio)", "score": 18.0, "published": true}, {"hash": "hMH0ci1HayQ", "uri": "/contracts/hMH0ci1HayQ#collateral-substitution", "label": "Securities Lending Agreement (Jp Morgan Fleming Mutual Fund Group Inc)", "score": 18.0, "published": true}], "snippet": "For each Loan, Bank or a Triparty Institution shall receive and hold all Collateral required by the applicable MSLA in a Collateral Account, and Bank is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all Cash Collateral in accordance with Appendix 1 as promptly as practicable. Bank shall credit, or where applicable shall have a Triparty Institution credit, as promptly as practicable, all Collateral, Authorized Investments and Proceeds to a Collateral Account and Bank shall \u2587\u2587\u2587\u2587 its books and records to identify Lender's interest therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Bank may act. Bank may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds to a Collateral Account. Bank shall accept substitutions of Collateral in accordance with the applicable MSLA, and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account.", "snippet_links": [{"key": "each-loan", "type": "clause", "offset": [4, 13]}, {"key": "institution-shall", "type": "clause", "offset": [34, 51]}, {"key": "required-by", "type": "definition", "offset": [84, 95]}, {"key": "the-applicable", "type": "clause", "offset": [96, 110]}, {"key": "collateral-account", "type": "clause", "offset": [121, 139]}, {"key": "to-invest", "type": "clause", "offset": [237, 246]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [260, 284]}, {"key": "cash-collateral", "type": "definition", "offset": [285, 300]}, {"key": "appendix-1", "type": "clause", "offset": [320, 330]}, {"key": "where-applicable", "type": "clause", "offset": [381, 397]}, {"key": "authorized-investments", "type": "definition", "offset": [484, 506]}, {"key": "books-and-records", "type": "clause", "offset": [568, 585]}, {"key": "for-purposes-of", "type": "clause", "offset": [708, 723]}, {"key": "other-lenders", "type": "definition", "offset": [779, 792]}, {"key": "of-securities", "type": "clause", "offset": [793, 806]}, {"key": "sole-discretion", "type": "definition", "offset": [854, 869]}, {"key": "net-proceeds", "type": "clause", "offset": [922, 934]}, {"key": "substitutions-of-collateral", "type": "clause", "offset": [978, 1005]}], "hash": "0012e1eed96705fd7e05ed943d198783", "id": 3}, {"size": 6, "samples": [{"hash": "z4iyk081gg", "uri": "/contracts/z4iyk081gg#collateral-substitution", "label": "Arbitration Agreement", "score": 34.9128646851, "published": true}, {"hash": "laAaOIereFz", "uri": "/contracts/laAaOIereFz#collateral-substitution", "label": "Arbitration Agreement", "score": 32.8656272888, "published": true}, {"hash": "ltcdiotkzS8", "uri": "/contracts/ltcdiotkzS8#collateral-substitution", "label": "Retail Forex Account Agreement", "score": 31.2788143158, "published": true}], "snippet": "(i) Zero per- cent of the fair value of collateral pledged to the national bank or Fed- eral savings association by a counterparty where the collateral qualifies as level 1 liquid assets and \u2587\u2587\u2587- gible HQLA and where, under the con- tract governing the transaction, the counterparty may replace the pledged collateral with other assets that qual- ify as level 1 liquid assets, without the consent of the national bank or Fed- eral savings association;\n(ii) 15 percent of the fair value of col- lateral pledged to the national bank or Federal savings association by a counterparty, where the collateral qualifies as level 1 liquid assets and \u2587\u2587\u2587- gible HQLA and where, under the con- tract governing the transaction, the counterparty may replace the pledged collateral with assets that qualify as level 2A liquid assets, without the con- sent of the national bank or Federal savings association;\n(iii) 50 percent of the fair value of collateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 1 liquid assets and \u2587\u2587\u2587- gible HQLA and where under, the con- tract governing the transaction, the counterparty may replace the pledged collateral with assets that qualify as level 2B liquid assets, without the con- sent of the national bank or Federal savings association;\n(iv) 100 percent of the fair value of collateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 1 liquid assets and \u2587\u2587\u2587- gible HQLA and where, under the con- tract governing the transaction, the counterparty may replace the pledged collateral with assets that do not qual- ify as HQLA, without the consent of the national bank or Federal savings association;\n(v) Zero percent of the fair value of collateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 2A liquid assets and eligible HQLA and where, under the contract governing the transaction, the counterparty may replace the pledged collateral with assets that qualify as level 1 or level 2A liquid as- sets, without the consent of the na- tional bank or Federal savings associa- tion;\n(vi) 35 percent of the fair value of col- lateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 2A liquid assets and eligible HQLA and where, under the contract governing the transaction, the counterparty may replace the pledged collateral with assets that qualify as level 2B liquid assets, with- out the consent of the national bank or Federal savings association;\n(vii) 85 percent of the fair value of collateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 2A liquid assets and eligible HQLA and where, under the contract governing the transaction, the counterparty may replace the pledged collateral with assets that do not qualify as HQLA, without the con- sent of the national bank or Federal savings association;\n(viii) Zero percent of the fair value of collateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 2B liquid assets and eligible HQLA and where, under the contract governing the transaction, the counterparty may replace the pledged collateral with other assets that qualify as HQLA, without the con- sent of the national bank or Federal savings association; and\n(ix) 50 percent of the fair value of col- lateral pledged to the national bank or Federal savings association by a counterparty where the collateral qualifies as level 2B liquid assets and eligible HQLA and where, under the contract governing the transaction, the counterparty may replace the pledged collateral with assets that do not qualify as HQLA, without the con- sent of the national bank or Federal savings association.", "snippet_links": [{"key": "value-of-collateral", "type": "clause", "offset": [31, 50]}, {"key": "national-bank", "type": "definition", "offset": [66, 79]}, {"key": "the-collateral", "type": "definition", "offset": [137, 151]}, {"key": "level-1", "type": "definition", "offset": [165, 172]}, {"key": "liquid-assets", "type": "clause", "offset": [173, 186]}, {"key": "the-transaction", "type": "clause", "offset": [249, 264]}, {"key": "the-counterparty", "type": "definition", "offset": [266, 282]}, {"key": "the-pledged-collateral", "type": "clause", "offset": [295, 317]}, {"key": "other-assets", "type": "definition", "offset": [323, 335]}, {"key": "consent-of-the", "type": "clause", "offset": [389, 403]}, {"key": "federal-savings-association", "type": "definition", "offset": [534, 561]}, {"key": "eligible-hqla", "type": "definition", "offset": [1954, 1967]}, {"key": "the-contract", "type": "clause", "offset": [1985, 1997]}], "hash": "dead3ad482a03ab261b111d2c3c96455", "id": 4}, {"size": 2, "samples": [{"hash": "ntKngL3ve0", "uri": "/contracts/ntKngL3ve0#collateral-substitution", "label": "Securities Lending Agreement (Performance Funds Trust)", "score": 18.0, "published": true}], "snippet": "For each Loan, Lending Agent shall receive and hold Letters of Credit received as Collateral and Lending Agent or a Triparty Institution shall receive and hold all other Collateral for the relevant Portfolio required by the applicable MSLA in a Collateral Account, and Lending Agent is hereby authorized and directed, without obtaining any further approval from Lender (or any Portfolio), to invest and reinvest all or substantially all Cash Collateral. A given Loan may be collateralized by more than one type of Collateral. Lending Agent shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a Collateral Account for the relevant Portfolio and Lending Agent shall mark its books and records to identify the relevant Portfolio's in\u2587\u2587\u2587\u2587st therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Lending Agent may act. Lending Agent may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds to a Collateral Account. Lending Agent shall accept substitutions of Collateral in accordance with the applicable MSLA, and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account for the relevant Portfolio. With respect to non-U.S. Securities: (a) at the inception of a Loan, Lending Agent shall advise Custodian of Lending Agent's receipt of the applicable Collateral (which advice shall authorize Custodian to deliver the Securities to be lent to the Borrower); provided that, with respect to non-U.S. Securities, if any, as to which Custodian receives Collateral directly, no such notice from Lending Agent need be given.", "snippet_links": [{"key": "each-loan", "type": "clause", "offset": [4, 13]}, {"key": "agent-shall", "type": "definition", "offset": [23, 34]}, {"key": "letters-of-credit", "type": "definition", "offset": [52, 69]}, {"key": "institution-shall", "type": "clause", "offset": [125, 142]}, {"key": "other-collateral", "type": "definition", "offset": [164, 180]}, {"key": "relevant-portfolio", "type": "definition", "offset": [189, 207]}, {"key": "required-by", "type": "definition", "offset": [208, 219]}, {"key": "the-applicable", "type": "clause", "offset": [220, 234]}, {"key": "collateral-account", "type": "clause", "offset": [245, 263]}, {"key": "to-invest", "type": "clause", "offset": [389, 398]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [412, 436]}, {"key": "cash-collateral", "type": "definition", "offset": [437, 452]}, {"key": "type-of", "type": "definition", "offset": [506, 513]}, {"key": "where-applicable", "type": "clause", "offset": [557, 573]}, {"key": "authorized-investments", "type": "definition", "offset": [632, 654]}, {"key": "account-for-the", "type": "clause", "offset": [684, 699]}, {"key": "books-and-records", "type": "clause", "offset": [752, 769]}, {"key": "for-purposes-of", "type": "clause", "offset": [908, 923]}, {"key": "other-lenders", "type": "definition", "offset": [979, 992]}, {"key": "of-securities", "type": "clause", "offset": [993, 1006]}, {"key": "agent-may-act", "type": "clause", "offset": [1031, 1044]}, {"key": "sole-discretion", "type": "definition", "offset": [1072, 1087]}, {"key": "net-proceeds", "type": "clause", "offset": [1140, 1152]}, {"key": "substitutions-of-collateral", "type": "clause", "offset": [1205, 1232]}, {"key": "in-accordance-with", "type": "clause", "offset": [1233, 1251]}, {"key": "with-respect-to", "type": "clause", "offset": [1428, 1443]}, {"key": "a-loan", "type": "definition", "offset": [1489, 1495]}, {"key": "receipt-of", "type": "clause", "offset": [1553, 1563]}, {"key": "applicable-collateral", "type": "definition", "offset": [1568, 1589]}, {"key": "securities-to-be-lent", "type": "clause", "offset": [1645, 1666]}, {"key": "to-the-borrower", "type": "definition", "offset": [1667, 1682]}, {"key": "provided-that", "type": "definition", "offset": [1685, 1698]}], "hash": "f169ae2346063d90e3dc59f4c3207aa4", "id": 7}, {"size": 2, "samples": [{"hash": "8S9wQtkYxcU", "uri": "/contracts/8S9wQtkYxcU#collateral-substitution", "label": "Securities Lending Agency Agreement", "score": 33.7513542175, "published": true}, {"hash": "jDB2Z5xowvE", "uri": "/contracts/jDB2Z5xowvE#collateral-substitution", "label": "Securities Lending Agency Agreement", "score": 31.8273048401, "published": true}], "snippet": "Pursuant to the terms of the GMSLA, the Borrower may from time to time require the substitution of Collateral already delivered for alternative collateral. NTC may also require the Borrower\u2019s delivery of alternative collateral in substitution of Collateral prior to any issuer payment record dates or maturity dates for such Collateral. NTC will ensure such alternative collateral satisfies the requirements described at Schedule A of this Agreement, and will return the substituted Collateral to the Borrower upon receipt of the alternative collateral (which shall then be held, controlled and managed by NTC for the same purpose and subject to the same terms and conditions as the original Collateral delivered by the Borrower).", "snippet_links": [{"key": "terms-of-the", "type": "clause", "offset": [16, 28]}, {"key": "from-time-to-time", "type": "clause", "offset": [53, 70]}, {"key": "require-the", "type": "clause", "offset": [71, 82]}, {"key": "substitution-of-collateral", "type": "clause", "offset": [83, 109]}, {"key": "alternative-collateral", "type": "definition", "offset": [132, 154]}, {"key": "delivery-of", "type": "clause", "offset": [192, 203]}, {"key": "prior-to", "type": "clause", "offset": [257, 265]}, {"key": "record-dates", "type": "clause", "offset": [285, 297]}, {"key": "maturity-dates", "type": "clause", "offset": [301, 315]}, {"key": "the-requirements", "type": "clause", "offset": [391, 407]}, {"key": "schedule-a", "type": "definition", "offset": [421, 431]}, {"key": "this-agreement", "type": "clause", "offset": [435, 449]}, {"key": "substituted-collateral", "type": "definition", "offset": [471, 493]}, {"key": "to-the-borrower", "type": "definition", "offset": [494, 509]}, {"key": "upon-receipt-of", "type": "clause", "offset": [510, 525]}, {"key": "subject-to-the", "type": "clause", "offset": [635, 649]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [650, 675]}, {"key": "original-collateral", "type": "definition", "offset": [683, 702]}, {"key": "by-the-borrower", "type": "clause", "offset": [713, 728]}], "hash": "51d4e5daa32d7a2d9519860e4cf4fee8", "id": 6}, {"size": 3, "samples": [{"hash": "lQIQOwqxIoo", "uri": "/contracts/lQIQOwqxIoo#collateral-substitution", "label": "Loan Agreement (J. Alexander's Holdings, Inc.)", "score": 29.4366874695, "published": true}, {"hash": "lHZAtpxjQbm", "uri": "/contracts/lHZAtpxjQbm#collateral-substitution", "label": "Loan Agreement (J. Alexander's Holdings, Inc.)", "score": 24.4784393311, "published": true}, {"hash": "97I2zAJ3zM5", "uri": "/contracts/97I2zAJ3zM5#collateral-substitution", "label": "Loan Agreement (J. Alexander's Holdings, Inc.)", "score": 24.4784393311, "published": true}], "snippet": "In the event Borrower shall elect to close or dispose of a restaurant that is part of the Real Estate Collateral, Lender shall release its mortgage lien on said Real Estate Collateral and any related personal property, so long as Borrower shall provide Lender with a mortgage lien on a substitute property reasonably satisfactory to Lender (which shall be subject to terms, conditions, and documentation reasonably satisfactory to Lender).", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "borrower-shall", "type": "clause", "offset": [13, 27]}, {"key": "dispose-of", "type": "definition", "offset": [46, 56]}, {"key": "real-estate-collateral", "type": "clause", "offset": [90, 112]}, {"key": "mortgage-lien", "type": "clause", "offset": [139, 152]}, {"key": "related-personal-property", "type": "definition", "offset": [192, 217]}, {"key": "a-mortgage", "type": "definition", "offset": [265, 275]}, {"key": "substitute-property", "type": "clause", "offset": [286, 305]}, {"key": "to-lender", "type": "definition", "offset": [330, 339]}, {"key": "subject-to-terms", "type": "clause", "offset": [356, 372]}, {"key": "and-documentation", "type": "clause", "offset": [386, 403]}], "hash": "3fdd8a94ca5b15f3ae9f34e239541395", "id": 5}, {"size": 1, "samples": [{"hash": "gbrkLLjFdEw", "uri": "/contracts/gbrkLLjFdEw#collateral-substitution", "label": "Securities Lending Agreement (Emerging Markets Growth Fund Inc)", "score": 18.0, "published": true}], "snippet": "For each Loan, Chase or a Triparty Institution shall receive and hold all other Collateral required by the applicable MSLA in a Collateral Account, and Chase is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all Cash Collateral in accordance with the Investment Guidelines in Appendix 3. Chase shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a Collateral Account and Chase shall m\u2587\u2587\u2587 its books and records to identify Lender's interest therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Chase may act. Chase may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds to a Collateral Account, it being understood that Chase will act to liquidate investments in an orderly fashion (or as otherwise instructed by Lender in writing) in the event of the termination of this Lending Agreement. It being understood that Borrowers shall not make substitutions in that only Cash Collateral is permitted hereunder, Chase shall accept substitutions of Collateral (such as in the context of repurchase agreements), and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account.", "snippet_links": [{"key": "each-loan", "type": "clause", "offset": [4, 13]}, {"key": "institution-shall", "type": "clause", "offset": [35, 52]}, {"key": "other-collateral", "type": "definition", "offset": [74, 90]}, {"key": "required-by", "type": "definition", "offset": [91, 102]}, {"key": "the-applicable", "type": "clause", "offset": [103, 117]}, {"key": "collateral-account", "type": "clause", "offset": [128, 146]}, {"key": "to-invest", "type": "clause", "offset": [245, 254]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [268, 292]}, {"key": "cash-collateral", "type": "definition", "offset": [293, 308]}, {"key": "in-accordance-with", "type": "clause", "offset": [309, 327]}, {"key": "investment-guidelines", "type": "definition", "offset": [332, 353]}, {"key": "appendix-3", "type": "definition", "offset": [357, 367]}, {"key": "where-applicable", "type": "clause", "offset": [392, 408]}, {"key": "authorized-investments", "type": "definition", "offset": [467, 489]}, {"key": "books-and-records", "type": "clause", "offset": [552, 569]}, {"key": "for-purposes-of", "type": "clause", "offset": [692, 707]}, {"key": "other-lenders", "type": "definition", "offset": [763, 776]}, {"key": "of-securities", "type": "clause", "offset": [777, 790]}, {"key": "sole-discretion", "type": "definition", "offset": [840, 855]}, {"key": "net-proceeds", "type": "clause", "offset": [908, 920]}, {"key": "investments-in", "type": "clause", "offset": [999, 1013]}, {"key": "by-lender", "type": "definition", "offset": [1061, 1070]}, {"key": "in-writing", "type": "clause", "offset": [1071, 1081]}, {"key": "in-the-event-of", "type": "clause", "offset": [1083, 1098]}, {"key": "termination-of-this", "type": "clause", "offset": [1103, 1122]}, {"key": "lending-agreement", "type": "definition", "offset": [1123, 1140]}, {"key": "substitutions-of-collateral", "type": "clause", "offset": [1278, 1305]}, {"key": "the-context", "type": "clause", "offset": [1318, 1329]}, {"key": "repurchase-agreements", "type": "definition", "offset": [1333, 1354]}], "hash": "76d43a1f4b90e6015715559a77e0e2fe", "id": 8}, {"size": 1, "samples": [{"hash": "6tgT8biU9oM", "uri": "/contracts/6tgT8biU9oM#collateral-substitution", "label": "General Hypothecation and Pledge Agreement (Sillerman Robert F X)", "score": 18.0, "published": true}], "snippet": "That so long as the Agreement and any related document (including, without limitation, the Promissory Note) remains in full force and effect and the Secured Party has not made a demand for payment thereunder, the undersigned may withdraw, with the consent of the Secured Party (which shall not be unreasonably withheld or delayed), Pledged Collateral from the Pledged Account and, if necessary, deposit in the Pledged Account other collateral acceptable to the Secured Party in its sole discretion, provided that, after giving effect to any such withdrawal or additional deposit, the outstanding amount of the Obligations does not exceed the maximum loanable value (\"Loanable Value\" or \"Loan Value of the Pledged Collateral\") of the remaining (and substituted) Pledged Collateral.", "snippet_links": [{"key": "the-agreement", "type": "clause", "offset": [16, 29]}, {"key": "related-document", "type": "definition", "offset": [38, 54]}, {"key": "without-limitation", "type": "clause", "offset": [67, 85]}, {"key": "the-promissory-note", "type": "clause", "offset": [87, 106]}, {"key": "full-force-and-effect", "type": "definition", "offset": [119, 140]}, {"key": "the-secured-party", "type": "clause", "offset": [145, 162]}, {"key": "demand-for-payment", "type": "definition", "offset": [178, 196]}, {"key": "the-undersigned", "type": "definition", "offset": [209, 224]}, {"key": "consent-of-the", "type": "clause", "offset": [248, 262]}, {"key": "pledged-account", "type": "definition", "offset": [360, 375]}, {"key": "other-collateral", "type": "definition", "offset": [426, 442]}, {"key": "sole-discretion", "type": "definition", "offset": [482, 497]}, {"key": "provided-that", "type": "definition", "offset": [499, 512]}, {"key": "after-giving", "type": "clause", "offset": [514, 526]}, {"key": "additional-deposit", "type": "definition", "offset": [560, 578]}, {"key": "outstanding-amount", "type": "definition", "offset": [584, 602]}, {"key": "the-obligations", "type": "clause", "offset": [606, 621]}, {"key": "maximum-loanable-value", "type": "definition", "offset": [642, 664]}, {"key": "loan-value", "type": "clause", "offset": [687, 697]}, {"key": "the-pledged-collateral", "type": "clause", "offset": [701, 723]}], "hash": "e5f821056765f57411e7beeb6951e5cb", "id": 9}, {"size": 1, "samples": [{"hash": "jQpZry3d6YS", "uri": "/contracts/jQpZry3d6YS#collateral-substitution", "label": "Credit Facility Agreement (Ensco International Inc)", "score": 18.0, "published": true}], "snippet": "So long as no Event of Default has occurred and is continuing, the Borrowers may, upon seven (7) Business Days' prior written notice to the Agents, remove any of the Rigs from the operation of the Mortgages, the Assignments or the floating charge on the following terms and conditions:\n(a) Any Rig so removed shall be simultaneously replaced by either (i) a substitute drilling rig which, in the absolute discretion of the Agents, shall be of similar value and quality to the Rig being removed, or (ii) by other drilling equipment which, in the absolute discretion of the Agents, shall be acceptable to the Agents;\n(b) Any such replacement drilling rig or drilling equipment shall be simultaneously placed under the Mortgages, the Assignments or the floating charge or shall be immediately subjected to other first priority, perfected security interests in favor of the Agents on behalf of the Banks acceptable to the Agents; and\n(c) As an alternative to the substitute drilling rig or drilling equipment discussed above, the Borrowers may, simultaneously with the removal of the Rig, deposit the amount of the fair market value of such removed Rig (as determined by its last appraisal) in an account of the Administrative Agent, properly pledged to the Agents on behalf of the Banks under New York law.", "snippet_links": [{"key": "no-event-of-default", "type": "clause", "offset": [11, 30]}, {"key": "the-borrowers", "type": "clause", "offset": [63, 76]}, {"key": "business-days", "type": "definition", "offset": [97, 110]}, {"key": "notice-to-the", "type": "clause", "offset": [126, 139]}, {"key": "the-rigs", "type": "clause", "offset": [162, 170]}, {"key": "the-mortgages", "type": "clause", "offset": [193, 206]}, {"key": "the-assignments", "type": "clause", "offset": [208, 223]}, {"key": "floating-charge", "type": "definition", "offset": [231, 246]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [250, 284]}, {"key": "drilling-rig", "type": "clause", "offset": [369, 381]}, {"key": "discretion-of-the-agents", "type": "clause", "offset": [405, 429]}, {"key": "drilling-equipment", "type": "definition", "offset": [512, 530]}, {"key": "first-priority", "type": "definition", "offset": [809, 823]}, {"key": "perfected-security-interests", "type": "clause", "offset": [825, 853]}, {"key": "in-favor-of", "type": "clause", "offset": [854, 865]}, {"key": "on-behalf-of", "type": "definition", "offset": [877, 889]}, {"key": "the-banks", "type": "clause", "offset": [890, 899]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [1041, 1064]}, {"key": "removal-of", "type": "definition", "offset": [1065, 1075]}, {"key": "the-fair-market-value", "type": "clause", "offset": [1107, 1128]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1204, 1228]}, {"key": "new-york-law", "type": "definition", "offset": [1290, 1302]}], "hash": "9e304833b2b7c681110d8383698b1b61", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBjb2xsYXRlcmFsLXN1YnN0aXR1dGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["release-documents", "Release Documents"], ["request-for-substitution", "Request for Substitution"], ["collateral-substitution-fee", "Collateral Substitution Fee"], ["loan-to-value-ratio-requirement", "Loan-to-Value Ratio Requirement"], ["third-party-reports", "Third-Party Reports"]], "size": 55, "parents": [["change-in-ownership-conveyance-of-property", "Change in Ownership Conveyance of Property"], ["releases-and-substitutions-of-property", "RELEASES AND SUBSTITUTIONS OF PROPERTY"], ["the-loans", "The Loans"], ["collateral", "Collateral"], ["security", "SECURITY"]], "title": "Collateral substitution", "id": "collateral-substitution", "related": [["substitution-of-collateral", "Substitution of Collateral", "Substitution of Collateral"], ["impairment-of-collateral", "Impairment of Collateral", "Impairment of Collateral"], ["control-of-collateral-accounts", "Control of Collateral Accounts", "Control of Collateral Accounts"], ["types-of-collateral", "Types of Collateral", "Types of Collateral"], ["disposition-of-collateral", "Disposition of Collateral", "Disposition of Collateral"]], "related_snippets": [], "updated": "2025-10-12T05:44:31+00:00"}, "json": true, "cursor": ""}}