{"component": "clause", "props": {"groups": [{"size": 376, "snippet_links": [{"key": "collateral-documents", "type": "definition", "offset": [39, 59]}, {"key": "to-secure", "type": "clause", "offset": [61, 70]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [75, 117]}, {"key": "collateral-account-pledge", "type": "definition", "offset": [143, 168]}, {"key": "security-agreement", "type": "definition", "offset": [172, 190]}, {"key": "financing-statements", "type": "clause", "offset": [204, 224]}, {"key": "other-related-documents", "type": "definition", "offset": [233, 256]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [365, 383]}, {"key": "a-first-priority", "type": "definition", "offset": [428, 444]}, {"key": "security-interest", "type": "definition", "offset": [446, 463]}, {"key": "of-the-investors", "type": "clause", "offset": [612, 628]}, {"key": "not-limited", "type": "clause", "offset": [680, 691]}, {"key": "draw-down", "type": 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"definition", "offset": [3883, 3901]}, {"key": "other-restrictions", "type": "clause", "offset": [3905, 3923]}, {"key": "the-administrative-agent-and-the-secured-parties", "type": "clause", "offset": [3933, 3981]}], "snippet": "Subject to the terms of the applicable Collateral Documents, to secure the payment and performance of the Obligations hereunder, pursuant to a Collateral Account Pledge, a Security Agreement, the related financing statements and the other related documents, the Guarantor shall grant, and shall pledge and/or assign by way of security, to the Administrative Agent, for the benefit of each of the Secured Parties, as applicable, a first priority, security interest and \u2587\u2587\u2587\u2587 in and on its interests in the following, whether now owned or hereafter acquired or arising:\n(i) any and all Unfunded Capital Commitments of the Investors, whether now or hereafter committed, including but not limited to the right to draw down Investor Capital Contributions on such Unfunded Capital Commitments from such Investors and to issue Investor Capital Calls with respect thereto;\n(ii) to the extent relating to the Unfunded Capital Commitments of the Investors constituting Collateral in clause (i) above, (x) the Constituent Documents, (y) the Subscription Agreements and Side Letters, if any, of such Investors and (z) any and all guaranties of such Investors\u2019 obligations under the Constituent Documents and Subscription Agreements including but not limited to, in each case of clauses (x), (y) and (z), any and all representations, warranties, covenants and other agreements of such Investors or guarantors contained therein, any and all duties and obligations of such Investors or guarantors thereunder and any and all rights to compel performance and enforce the provisions thereof against such Investors or guarantors and otherwise pursue remedies against such Investors or guarantors with respect thereto;\n(iii) any and all agreements, instruments and other documents of every kind or description to the extent evidencing or supporting obligations under any of the foregoing Collateral and any and all security and other property with respect to such Collateral;\n(iv) each Collateral Account, including but not limited to any and all funds and financial assets on deposit therein or credited thereto; and\n(v) any and all proceeds of any of the foregoing Collateral including, without limitation, all of the records of the Guarantor concerning any of the foregoing Collateral; excluding (A) any funds properly withdrawn from a Collateral Account (or that could be withdrawn pursuant to the Credit Agreement if deposited or credited to a Collateral Account) to the extent used, pursuant to the terms of the Guarantor\u2019s Governing Documents, to purchase Portfolio Investments (other than Permitted Investments deposited in or credited to any such account), to make payments or distributions to Investors in accordance with the terms hereof or for any other purpose permitted under the Guarantor\u2019s Governing Documents and this Credit Agreement, and (B) the proceeds of such withdrawn funds (the items in (A) and (B), collectively \u201cExcluded Proceeds\u201d). Notwithstanding the foregoing or anything to the contrary in this Credit Agreement or any other Loan Document (i) the term \u201cCollateral\u201d shall not include the Unfunded Capital Commitments of the SOX Insiders, including but not limited to the right to draw down Investor Capital Contributions on such Unfunded Capital Commitments, or any other interests of the SOX Insiders, if any, unless so elected by the Guarantor in its discretion, (ii) the term \u201cCollateral\u201d shall not include any Portfolio Investment, any Portfolio Assets or any Excluded Proceeds, (iii) the term \u201cCollateral\u201d shall not include any collateral posted or received in connection with the Swap Agreements, (iv) the Collateral may be subject to Permitted Liens, (v) a Borrower or the Guarantor may maintain other bank accounts or securities accounts in addition to the Collateral Accounts that will not be considered \u201cCollateral\u201d and such other accounts shall not be subject to control agreements or other restrictions and (vi) the Administrative Agent and the Secured Parties shall not have any Lien on any property that is not \u201cCollateral\u201d, except in connection with any Swap Agreement, as provided therein.", "samples": [{"hash": "kmzINImx1bM", "uri": "/contracts/kmzINImx1bM#collateral", "label": "Revolving Credit Agreement (MN8 Energy, Inc.)", "score": 33.6954154968, "published": true}, {"hash": "bAiH0yft5Fa", "uri": "/contracts/bAiH0yft5Fa#collateral", "label": "Revolving Credit Agreement (MN8 Energy, Inc.)", "score": 33.6954154968, "published": true}, {"hash": "AacRGjZZOn", "uri": "/contracts/AacRGjZZOn#collateral", "label": "Revolving Credit Agreement (MN8 Energy, Inc.)", "score": 33.6954154968, "published": true}], "hash": "9e9a8a3817c1691e7f7d8a85626032d6", "id": 4}, {"size": 237, "snippet_links": [{"key": "the-collateral", "type": "definition", "offset": [14, 28]}, {"key": "the-intellectual-property", "type": "definition", "offset": [33, 58]}, {"key": "except-for-permitted-liens", "type": "clause", "offset": [79, 105]}, {"key": "authority-to-grant", "type": "clause", "offset": [134, 152]}, {"key": "security-for-the-secured-obligations", "type": "clause", "offset": [190, 226]}], "snippet": "Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.", "samples": [{"hash": "ajuVKldW1a9", "uri": "/contracts/ajuVKldW1a9#collateral", "label": "Loan and Security Agreement (Geron Corp)", "score": 33.6078033447, "published": true}, {"hash": "71qGs6Wejjo", "uri": "/contracts/71qGs6Wejjo#collateral", "label": "Loan and Security Agreement (Tarsus Pharmaceuticals, Inc.)", "score": 33.3559188843, "published": true}, {"hash": "6B4GnDqnlWs", "uri": "/contracts/6B4GnDqnlWs#collateral", "label": "Loan and Security Agreement (RedBall Acquisition Corp.)", "score": 33.3340187073, "published": true}], "hash": "7d06c23d1f2d158e4f80a836aca96799", "id": 6}, {"size": 311, "snippet_links": [{"key": "title-to", "type": "clause", "offset": [18, 26]}, {"key": "transfer-each", "type": "clause", "offset": [60, 73]}, {"key": "free-and-clear", "type": "definition", "offset": [147, 161]}, {"key": "permitted-liens", "type": "definition", "offset": [190, 205]}, {"key": "no-collateral", "type": "definition", "offset": [220, 233]}, {"key": "bank-or-financial-institution", "type": "definition", "offset": [258, 287]}, {"key": "the-collateral-accounts", "type": "clause", "offset": [336, 359]}, {"key": "perfection-certificate", "type": "clause", "offset": [377, 399]}, {"key": "to-bank", "type": "definition", "offset": [410, 417]}, {"key": "in-connection", "type": "definition", "offset": [418, 431]}, {"key": "bank-notice", "type": "definition", "offset": [473, 484]}, {"key": "bank-a", "type": "definition", "offset": [533, 539]}, {"key": "perfected-security-interest", "type": "clause", "offset": [540, 567]}, {"key": "required-by", "type": "definition", "offset": [591, 602]}, {"key": "terms-of", "type": "definition", "offset": [607, 615]}, {"key": "to-borrower", "type": "definition", "offset": [632, 643]}, {"key": "the-accounts", "type": "clause", "offset": [657, 669]}, {"key": "bona-fide", "type": "definition", "offset": [674, 683]}, {"key": "obligations-of-the", "type": "clause", "offset": [694, 712]}, {"key": "account-debtors", "type": "clause", "offset": [713, 728]}, {"key": "in-all-material-respects", "type": "definition", "offset": [758, 782]}, {"key": "material-defects", "type": "definition", "offset": [825, 841]}, {"key": "possession-of", "type": "clause", "offset": [872, 885]}, {"key": "third-party", "type": "clause", "offset": [890, 901]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [931, 959]}, {"key": "section-72", "type": "clause", "offset": [1018, 1029]}, {"key": "this-agreement", "type": "clause", "offset": [1212, 1226]}, {"key": "sole-owner", "type": "definition", "offset": [1244, 1254]}, {"key": "the-intellectual-property", "type": "definition", "offset": [1258, 1283]}, {"key": "granted-to", "type": "clause", "offset": [1355, 1365]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [1380, 1414]}, {"key": "available-to-the-public", "type": "definition", "offset": [1467, 1490]}, {"key": "material-intellectual-property", "type": "definition", "offset": [1500, 1530]}, {"key": "business-is", "type": "definition", "offset": [1699, 1710]}, {"key": "valid-and-enforceable", "type": "clause", "offset": [1711, 1732]}, {"key": "invalid-or-unenforceable", "type": "clause", "offset": [1875, 1899]}, {"key": "no-claim", "type": "clause", "offset": [1959, 1967]}, {"key": "in-writing", "type": "definition", "offset": [1982, 1992]}, {"key": "rights-of", "type": "clause", "offset": [2049, 2058]}, {"key": "except-to-the-extent", "type": "clause", "offset": [2075, 2095]}, {"key": "effect-on-borrower", "type": "clause", "offset": [2167, 2185]}, {"key": "with-respect-to", "type": "clause", "offset": [2248, 2263]}, {"key": "a-party", "type": "clause", "offset": [2340, 2347]}, {"key": "restricted-license", "type": "definition", "offset": [2376, 2394]}], "snippet": "Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to \u2587\u2587\u2587\u2587\u2587 \u2587 \u2587\u2587\u2587\u2587 hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no Collateral Accounts at or with any bank or financial institution other than Bank or Bank's Affiliates except for the Collateral Accounts described in the Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein, to the extent required by the terms of Section 6.8(b). To Borrower's knowledge, the Accounts are bona fide, existing obligations of the Account Debtors. All unreserved Inventory is in all material respects of good and marketable quality, free from material defects. The Collateral is not in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate or as permitted pursuant to Section 7.2. None of the components of the Collateral are currently being maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2 of this Agreement. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. To Borrower's knowledge, each Patent which it owns or purports to own and which is material to Borrower's business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower's business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower's knowledge, no claim has been made in writing that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on Borrower's business. Except as noted on the Perfection Certificate, or with respect to which notice is provided pursuant to Section 6.9(c) hereof, Borrower is not a party to, nor is it bound by, any Restricted License.", "samples": [{"hash": "4VzKG2GxrFC", "uri": "/contracts/4VzKG2GxrFC#collateral", "label": "Loan and Security Agreement (Quantenna Communications Inc)", "score": 27.7433261871, "published": true}, {"hash": "eRJQLrRAlf0", "uri": "/contracts/eRJQLrRAlf0#collateral", "label": "Loan and Security Agreement (Quantenna Communications Inc)", "score": 27.516084671, "published": true}], "hash": "83f5938830777df82c4e20806a577804", "id": 5}, {"size": 475, "snippet_links": [{"key": "the-banks", "type": "clause", "offset": [8, 17]}, {"key": "the-agent", "type": "clause", "offset": [32, 41]}, {"key": "other-banks", "type": "clause", "offset": [58, 69]}, {"key": "in-good-faith", "type": "definition", "offset": [78, 91]}, {"key": "margin-stock", "type": "clause", "offset": [117, 129]}, {"key": "regulation-u", "type": "definition", "offset": [146, 158]}, {"key": "the-credit", "type": "definition", "offset": [209, 219]}, {"key": "in-this-agreement", "type": "definition", "offset": [233, 250]}], "snippet": "Each of the Banks represents to the Agent and each of the other Banks that it in good faith is not relying upon any \"margin stock\" (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.", "samples": [{"hash": "dAKvwAkAciw", "uri": "/contracts/dAKvwAkAciw#collateral", "label": "Credit Agreement (Unova Inc)", "score": 21.0, "published": true}, {"hash": "9JYYCVpEIFq", "uri": "/contracts/9JYYCVpEIFq#collateral", "label": "Credit Agreement (Target Corp)", "score": 21.0, "published": true}, {"hash": "58vEf9ApdjR", "uri": "/contracts/58vEf9ApdjR#collateral", "label": "364 Day Credit Agreement (Target Corp)", "score": 21.0, "published": true}], "hash": "c690ff46678cce293489c5add659ea32", "id": 2}, {"size": 608, 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"consent-or-waiver", "type": "clause", "offset": [3709, 3726]}, {"key": "necessary-for", "type": "definition", "offset": [3730, 3743]}, {"key": "contract-rights", "type": "clause", "offset": [3765, 3780]}, {"key": "prohibited-by-law", "type": "clause", "offset": [3905, 3922]}, {"key": "terms-of", "type": "definition", "offset": [3933, 3941]}, {"key": "agreement-to", "type": "clause", "offset": [4028, 4040]}, {"key": "license-to", "type": "clause", "offset": [4072, 4082]}, {"key": "good-faith-judgment", "type": "definition", "offset": [4134, 4153]}, {"key": "entered-into", "type": "clause", "offset": [4180, 4192]}, {"key": "the-future", "type": "clause", "offset": [4196, 4206]}], "snippet": "Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to \u2587\u2587\u2587\u2587\u2587 \u2587 \u2587\u2587\u2587\u2587 hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts with Agent, the deposit accounts, if any, described in the Perfection Certificate delivered to Agent and Lenders in connection herewith, or of which Borrower has given Agent notice and taken such actions as are necessary to give Lenders a perfected security interest therein. The Collateral is not in the possession of any third party bailee (such as a warehouse), except for Inventory in the United States, held by Extron, \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587., \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587 \u2587\u2587\u2587\u2587\u2587 (the \u201cU.S. Fulfillment Center\u201d), and Inventory outside the United States held by a foreign fulfillment center, which Borrower shall identify by written notice to Agent within 30 days after the date it is selected by Borrower (the \u201cNon-U.S. Fulfillment Center\u201d). Within 60 days after the date hereof, Borrower shall cause the U.S. Fulfillment Center and the Non-U.S. Fulfillment Center to execute and deliver a Bailee Agreement in the form previously provided by \u2587\u2587\u2587\u2587 to Borrower. Except as hereafter disclosed to Agent in writing by Borrower, and other than Collateral which by its very nature is intended to be used at places other than the Borrowers place of business (such as manufacturing test equipment, laptop computers, marketing materials, cell phones, and the like), none of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then Borrower will first receive the written consent of Agent and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Lenders, provided that such consent and acknowledgement shall not be required with respect to (i) Collateral having an aggregate value, for all locations in the United States, not exceeding the Threshold Amount, or (ii) Collateral having an aggregate value, for all locations outside the United States, not exceeding $500,000. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business, and except for licenses granted to the Borrower by third parties. Each Patent is valid and enforceable and no part of the Intellectual Property has been judged invalid or unenforceable, in whole or in part, and to the best of Borrower\u2019s knowledge, no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim is not reasonably expected to cause a Material Adverse Change. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other agreement with respect to which Borrower is licensee that prohibits or otherwise restricts Borrower from granting a security interest in Borrower\u2019s interest in such license or agreement or any other property. Borrower shall provide written notice to Agent within thirty (30) days of entering or becoming bound by any such license or agreement which is reasonably likely to have a material impact on Borrower\u2019s business or financial condition (other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Agent requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights to be deemed \u201cCollateral\u201d and for Agent and Lenders to have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement (such consent or authorization may include a licensor\u2019s agreement to a contingent assignment of the license to Agent if Agent determines that is necessary in its good faith judgment), whether now existing or entered into in the future.", "samples": [{"hash": "NNl4XTRZXr", "uri": "/contracts/NNl4XTRZXr#collateral", "label": "Term Loan and Security Agreement", "score": 31.3408622742, "published": true}, {"hash": "eBjEctVvNVn", "uri": "/contracts/eBjEctVvNVn#collateral", "label": "Term Loan and Security Agreement (Meru Networks Inc)", "score": 21.2299785614, "published": true}, {"hash": "4dCWm62cEpK", "uri": "/contracts/4dCWm62cEpK#collateral", "label": "Term Loan and Security Agreement (Meru Networks Inc)", "score": 21.0, "published": true}], "hash": "e6c1e431807e4795d5e2f15e8ab7f1d9", "id": 1}, {"size": 416, "snippet_links": [{"key": "the-collateral", "type": "definition", "offset": [0, 14]}, {"key": "this-note", "type": "clause", "offset": [19, 28]}, {"key": "funding-agreement", "type": "clause", "offset": [42, 59]}, {"key": "the-guarantee", "type": "clause", "offset": [64, 77]}], "snippet": "The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.", "samples": [{"hash": "zeS8bzkIZb", "uri": "/contracts/zeS8bzkIZb#collateral", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "zVM5d9x6mz", "uri": "/contracts/zVM5d9x6mz#collateral", "label": "Indenture (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "wsBeyUfitl", "uri": "/contracts/wsBeyUfitl#collateral", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}], "hash": "bcbe1eaa550b4e4e99d24948c2a1b7ec", "id": 3}, {"size": 202, "snippet_links": [{"key": "each-of-the-lenders", "type": "clause", "offset": [0, 19]}, {"key": "the-administrative-agent", "type": "definition", "offset": [34, 58]}, {"key": "other-lenders", "type": "clause", "offset": [75, 88]}, {"key": "in-good-faith", "type": "definition", "offset": [97, 110]}, {"key": "margin-stock", "type": "clause", "offset": [136, 148]}, {"key": "regulation-u", "type": "definition", "offset": [165, 177]}, {"key": "the-credit", "type": "definition", "offset": [228, 238]}, {"key": "in-this-agreement", "type": "definition", "offset": [252, 269]}], "snippet": "Each of the Lenders represents to the Administrative Agent and each of the other Lenders that it in good faith is not relying upon any \u201cmargin stock\u201d (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.", "samples": [{"hash": "hNP6zZoXoXo", "uri": "/contracts/hNP6zZoXoXo#collateral", "label": "Term Credit Agreement (Martin Marietta Materials Inc)", "score": 37.5338821411, "published": true}, {"hash": "bCj0WiEFSx9", "uri": "/contracts/bCj0WiEFSx9#collateral", "label": "Amendment No. 1 (Martin Marietta Materials Inc)", "score": 37.5338821411, "published": true}, {"hash": "6NyhAhYb7aN", "uri": "/contracts/6NyhAhYb7aN#collateral", "label": "Loan Modification and Extension Agreement (Martin Marietta Materials Inc)", "score": 36.9644088745, "published": true}], "hash": "28355aeeb117756e09fff49042ffd9e9", "id": 8}, {"size": 209, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "at-all-times", "type": "clause", "offset": [15, 27]}, {"key": "the-collateral", "type": "definition", "offset": [33, 47]}, {"key": "intellectual-property-and", "type": "clause", "offset": [53, 78]}, {"key": "property-and-assets", "type": "clause", "offset": [89, 108]}, {"key": "interest-free", "type": "clause", "offset": [185, 198]}, {"key": "legal-process", "type": "definition", "offset": [218, 231]}, {"key": "except-for-permitted-liens", "type": "clause", "offset": [253, 279]}, {"key": "notice-of-any", "type": "clause", "offset": [318, 331]}, {"key": "provided-however", "type": "clause", "offset": [453, 469]}, {"key": "subject-to", "type": "clause", "offset": [533, 543]}, {"key": "no-liens", "type": "clause", "offset": [587, 595]}, {"key": "any-person", "type": "clause", "offset": [663, 673]}, {"key": "become-effective", "type": "clause", "offset": [783, 799]}, {"key": "to-secure", "type": "clause", "offset": [1000, 1009]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [1014, 1050]}, {"key": "a-party", "type": "clause", "offset": [1066, 1073]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [1094, 1132]}, {"key": "purchase-money-liens", "type": "clause", "offset": [1167, 1187]}, {"key": "capital-lease-obligations", "type": "definition", "offset": [1191, 1216]}, {"key": "the-assets", "type": "clause", "offset": [1322, 1332]}, {"key": "restrictions-on", "type": "clause", "offset": [1369, 1384]}, {"key": "assignment-of-leases", "type": "clause", "offset": [1389, 1409]}, {"key": "licenses-and-other-agreements", "type": "clause", "offset": [1411, 1440]}, {"key": "title-to", "type": "clause", "offset": [1520, 1528]}, {"key": "assets-free-and-clear", "type": "clause", "offset": [1713, 1734]}], "snippet": "Borrower shall at all times keep the Collateral, the Intellectual Property and all other property and assets used in Borrower\u2019s business or in which Borrower now or hereafter holds any interest free and clear from any legal process or Liens whatsoever (except for Permitted Liens), and shall give Agent prompt written notice of any legal process affecting the Collateral, the Intellectual Property, such other property and assets, or any Liens thereon, provided however, that the Collateral and such other property and assets may be subject to Permitted Liens except that there shall be no Liens whatsoever on Intellectual Property. Borrower shall not agree with any Person other than Agent or Lender not to encumber its property. Borrower shall not enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Borrower to create, incur, assume or suffer to exist any Lien upon any of its Intellectual Property, whether now owned or hereafter acquired, to secure its obligations under the Loan Documents to which it is a party other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or capital lease obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed thereby) and (c) customary restrictions on the assignment of leases, licenses and other agreements. Borrower shall cause its Subsidiaries to protect and defend such Subsidiary\u2019s title to its assets from and against all Persons claiming any interest adverse to such Subsidiary, and Borrower shall cause its Subsidiaries at all times to keep such Subsidiary\u2019s property and assets free and clear from any legal process or Liens whatsoever (except for Permitted Liens, provided however, that there shall be no Liens whatsoever on Intellectual Property), and shall give Agent prompt written notice of any legal process affecting such Subsidiary\u2019s assets.", "samples": [{"hash": "6B4GnDqnlWs", "uri": "/contracts/6B4GnDqnlWs#collateral", "label": "Loan and Security Agreement (RedBall Acquisition Corp.)", "score": 33.3340187073, "published": true}, {"hash": "8uZ9byDW47a", "uri": "/contracts/8uZ9byDW47a#collateral", "label": "Loan and Security Agreement (RedBall Acquisition Corp.)", "score": 32.950717926, "published": true}, {"hash": "bWlvoWSewOq", "uri": "/contracts/bWlvoWSewOq#collateral", "label": "Loan and Security Agreement (Tricida, Inc.)", "score": 31.3791923523, "published": true}], "hash": "1eaa0e4a9ad56a29206f7eeb36a7b190", "id": 7}, {"size": 194, "snippet_links": [{"key": "unless-otherwise-agreed", "type": "clause", "offset": [4, 27]}, {"key": "borrower-shall", "type": "clause", "offset": [29, 43]}, {"key": "transfer-of-the", "type": "clause", "offset": [79, 94]}, {"key": "loaned-securities", "type": "definition", "offset": [95, 112]}, {"key": "to-borrower", "type": "definition", "offset": [113, 124]}, {"key": "in-no-case", "type": "clause", "offset": [130, 140]}, {"key": "close-of-business", "type": "definition", "offset": [156, 173]}, {"key": "day-of", "type": "clause", "offset": [181, 187]}, {"key": "transfer-to", "type": "definition", "offset": [203, 214]}, {"key": "lender-collateral", "type": "definition", "offset": [215, 232]}, {"key": "at-least-equal-to", "type": "definition", "offset": [253, 270]}, {"key": "margin-percentage", "type": "clause", "offset": [275, 292]}, {"key": "the-market", "type": "definition", "offset": [296, 306]}, {"key": "the-collateral", "type": "definition", "offset": [343, 357]}, {"key": "as-adjusted", "type": "definition", "offset": [393, 404]}, {"key": "pursuant-to-section-9", "type": "clause", "offset": [405, 426]}, {"key": "in-respect-of", "type": "definition", "offset": [473, 486]}, {"key": "other-obligations-of-borrower", "type": "clause", "offset": [509, 538]}, {"key": "lender-hereunder", "type": "clause", "offset": [542, 558]}, {"key": "borrower-hereby", "type": "clause", "offset": [560, 575]}, {"key": "first-priority-security-interest", "type": "clause", "offset": [633, 665]}, {"key": "by-lender", "type": "clause", "offset": [765, 774]}, {"key": "the-rights", "type": "clause", "offset": [890, 900]}, {"key": "rights-and-remedies-of-a-secured-party", "type": "clause", "offset": [967, 1005]}, {"key": "lender-may", "type": "definition", "offset": [1043, 1053]}, {"key": "own-risk", "type": "clause", "offset": [1117, 1125]}, {"key": "term-of", "type": "clause", "offset": [1196, 1203]}, {"key": "any-loan", "type": "clause", "offset": [1204, 1212]}, {"key": "all-securities", "type": "clause", "offset": [1250, 1264]}, {"key": "other-assets", "type": "definition", "offset": [1268, 1280]}, {"key": "default-by-borrower", "type": "clause", "offset": [1396, 1415]}, {"key": "segregation-of-collateral", "type": "definition", "offset": [1417, 1442]}, {"key": "appropriate-identification", "type": "definition", "offset": [1466, 1492]}, {"key": "records-of-lender", "type": "clause", "offset": [1510, 1527]}, {"key": "securities-intermediary", "type": "definition", "offset": [1540, 1563]}, {"key": "meaning-of", "type": "definition", "offset": [1576, 1586]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [1600, 1628]}, {"key": "upon-transfer", "type": "clause", "offset": [1637, 1650]}, {"key": "a-loan", "type": "definition", "offset": [1697, 1703]}, {"key": "pursuant-to-section-6", "type": "clause", "offset": [1718, 1739]}, {"key": "to-transfer", "type": "clause", "offset": [1767, 1778]}, {"key": "cutoff-time", "type": "definition", "offset": [1860, 1871]}, {"key": "a-day", "type": "definition", "offset": [1907, 1912]}, {"key": "section-15", "type": "clause", "offset": [1974, 1984]}, {"key": "if-borrower", "type": "clause", "offset": [2045, 2056]}, {"key": "section-41", "type": "clause", "offset": [2104, 2115]}, {"key": "right-to", "type": "clause", "offset": [2214, 2222]}, {"key": "return-of", "type": "clause", "offset": [2227, 2236]}, {"key": "lender-transfers", "type": "clause", "offset": [2260, 2276]}, {"key": "master-securities-loan-agreement", "type": "definition", "offset": [2318, 2350]}, {"key": "transfer-collateral", "type": "clause", "offset": [2369, 2388]}, {"key": "notice-to-lender", "type": "clause", "offset": [2538, 2554]}, {"key": "relevant-factors", "type": "definition", "offset": [2580, 2596]}, {"key": "industry-practice", "type": "definition", "offset": [2608, 2625]}, {"key": "type-of-collateral", "type": "clause", "offset": [2631, 2649]}, {"key": "the-applicable", "type": "clause", "offset": [2673, 2687]}, {"key": "method-of-transfer", "type": "clause", "offset": [2688, 2706]}, {"key": "substitute-collateral", "type": "clause", "offset": [2709, 2730]}, {"key": "collateral-shall", "type": "definition", "offset": [2815, 2831]}, {"key": "securities-or-other-property", "type": "definition", "offset": [2858, 2886]}, {"key": "borrower-and-lender", "type": "clause", "offset": [2892, 2911]}, {"key": "acceptable-collateral", "type": "definition", "offset": [2928, 2949]}, {"key": "the-loan-or-loans", "type": "clause", "offset": [2959, 2976]}, {"key": "aggregate-market-value", "type": "definition", "offset": [3019, 3041]}, {"key": "other-collateral-for-loans", "type": "clause", "offset": [3092, 3118]}, {"key": "the-party", "type": "clause", "offset": [3128, 3137]}, {"key": "expiration-of", "type": "clause", "offset": [3309, 3322]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [3323, 3343]}, {"key": "extension-deadline", "type": "definition", "offset": [3423, 3441]}, {"key": "extension-of-the", "type": "clause", "offset": [3457, 3473]}, {"key": "substitute-letter-of-credit", "type": "clause", "offset": [3572, 3599]}, {"key": "the-letter-of-credit", "type": "clause", "offset": [3645, 3665]}], "snippet": "4.1 Unless otherwise agreed, Borrower shall, prior to or concurrently with the transfer of the Loaned Securities to Borrower, but in no case later than the Close of Business on the day of such transfer, transfer to Lender Collateral with a Market Value at least equal to the Margin Percentage of the Market Value of the Loaned Securities.\n4.2 The Collateral transferred by Borrower to Lender, as adjusted pursuant to Section 9, shall be security for Borrower\u2019s obligations in respect of such Loan and for any other obligations of Borrower to Lender hereunder. Borrower hereby pledges with, assigns to, and grants Lender a continuing first priority security interest in, and a lien upon, the Collateral, which shall attach upon the transfer of the Loaned Securities by Lender to Borrower and which shall cease upon the transfer of the Loaned Securities by Borrower to Lender. In addition to the rights and remedies given to Lender hereunder, Lender shall have all the rights and remedies of a secured party under the UCC. It is understood that Lender may use or invest the Collateral, if such consists of cash, at its own risk, but that (unless Lender is a Broker-Dealer) Lender shall, during the term of any Loan hereunder, segregate Collateral from all securities or other assets in its possession. Lender may Retransfer Collateral only (a) if Lender is a Broker-Dealer or (b) in the event of a Default by Borrower. Segregation of Collateral may be accomplished by appropriate identification on the books and records of Lender if it is a \u201csecurities intermediary\u201d within the meaning of the UCC.\n4.3 Except as otherwise provided herein, upon transfer to Lender of the Loaned Securities on the day a Loan is terminated pursuant to Section 6, Lender shall be obligated to transfer the Collateral (as adjusted pursuant to Section 9) to Borrower no later than the Cutoff Time on such day or, if such day is not a day on which a transfer of such Collateral may be effected under Section 15, the next day on which such a transfer may be effected.\n4.4 If Borrower transfers Collateral to Lender, as provided in Section 4.1, and Lender does not transfer the Loaned Securities to Borrower, Borrower shall have the absolute right to the return of the Collateral; and if Lender transfers Loaned Securities to Borrower and 2\u25a02000 Master Securities Loan Agreement Borrower does not transfer Collateral to Lender as provided in Section 4.1, Lender shall have the absolute right to the return of the Loaned Securities.\n4.5 Borrower may, upon reasonable notice to Lender (taking into account all relevant factors, including industry practice, the type of Collateral to be substituted, and the applicable method of transfer), substitute Collateral for Collateral securing any Loan or Loans; provided, however, that such substituted Collateral shall (a) consist only of cash, securities or other property that Borrower and Lender agreed would be acceptable Collateral prior to the Loan or Loans and (b) have a Market Value such that the aggregate Market Value of such substituted Collateral, together with all other Collateral for Loans in which the party substituting such Collateral is acting as Borrower, shall equal or exceed the agreed upon Margin Percentage of the Market Value of the Loaned Securities.\n4.6 Prior to the expiration of any letter of credit supporting Borrower\u2019s obligations hereunder, Borrower shall, no later than the Extension Deadline, (a) obtain an extension of the expiration of such letter of credit, (b) replace such letter of credit by providing Lender with a substitute letter of credit in an amount at least equal to the amount of the letter of credit for which it is substituted, or (c) transfer such other Collateral to Lender as may be acceptable to Lender.", "samples": [{"hash": "4SzbZxVlObm", "uri": "/contracts/4SzbZxVlObm#collateral", "label": "Master Securities Loan Agreement", "score": 18.4097442627, "published": true}, {"hash": "lafBjFGWt1T", "uri": "/contracts/lafBjFGWt1T#collateral", "label": "Master Securities Loan Agreement", "score": 18.3303604126, "published": true}, {"hash": "gL602AVtt2a", "uri": "/contracts/gL602AVtt2a#collateral", "label": "Master Securities Loan Agreement", "score": 18.2646636963, "published": true}], "hash": "57736e6a7ce726ec989fe520aaeff989", "id": 9}, {"size": 182, "snippet_links": [{"key": "title-to", "type": "clause", "offset": [18, 26]}, {"key": "transfer-each", "type": "clause", "offset": [56, 69]}, {"key": "free-and-clear", "type": "definition", "offset": [143, 157]}, {"key": "permitted-liens", "type": "definition", "offset": [186, 201]}, {"key": "no-collateral", "type": "definition", "offset": [216, 229]}, {"key": "bank-or-financial-institution", "type": "definition", "offset": [254, 283]}, {"key": "the-collateral-accounts", "type": "clause", "offset": [332, 355]}, {"key": "perfection-certificate", "type": "clause", "offset": [373, 395]}, {"key": "to-bank", "type": "definition", "offset": [406, 413]}, {"key": "in-connection", "type": "definition", "offset": [414, 427]}, {"key": "bank-a", "type": "definition", "offset": [504, 510]}, {"key": "perfected-security-interest", "type": "clause", "offset": [511, 538]}, {"key": "terms-of", "type": "definition", "offset": [564, 572]}, {"key": "the-accounts", "type": "clause", "offset": [589, 601]}, {"key": "bona-fide", "type": "definition", "offset": [606, 615]}, {"key": "obligations-of-the", "type": "clause", "offset": [626, 644]}, {"key": "account-debtors", "type": "clause", "offset": [645, 660]}, {"key": "possession-of", "type": "clause", "offset": [691, 704]}, {"key": "third-party", "type": "clause", "offset": [709, 720]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [750, 778]}, {"key": "collateral-shall", "type": "definition", "offset": [840, 856]}, {"key": "section-72", "type": "clause", "offset": [965, 976]}, {"key": "all-inventory", "type": "clause", "offset": [978, 991]}, {"key": "in-all-material-respects", "type": "definition", "offset": [995, 1019]}, {"key": "material-defects", "type": "definition", "offset": [1062, 1078]}, {"key": "sole-owner", "type": "definition", "offset": [1096, 1106]}, {"key": "the-intellectual-property", "type": "definition", "offset": [1110, 1135]}, {"key": "granted-to", "type": "clause", "offset": [1207, 1217]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [1232, 1266]}, {"key": "available-to-the-public", "type": "definition", "offset": [1319, 1342]}, {"key": "material-intellectual-property", "type": "definition", "offset": [1352, 1382]}, {"key": "to-borrower", "type": "definition", "offset": [1392, 1403]}, {"key": "business-is", "type": "definition", "offset": [1526, 1537]}, {"key": "valid-and-enforceable", "type": "clause", "offset": [1538, 1559]}, {"key": "invalid-or-unenforceable", "type": "clause", "offset": [1702, 1726]}, {"key": "no-claim", "type": "clause", "offset": [1786, 1794]}, {"key": "rights-of", "type": "clause", "offset": [1865, 1874]}, {"key": "except-to-the-extent", "type": "clause", "offset": [1891, 1911]}, {"key": "effect-on-borrower", "type": "clause", "offset": [1983, 2001]}, {"key": "a-party", "type": "clause", "offset": [2077, 2084]}, {"key": "restricted-license", "type": "definition", "offset": [2113, 2131]}], "snippet": "Borrower has good title to, rights in, and the power to transfer each item of the Collateral upon which it purports to \u2587\u2587\u2587\u2587\u2587 \u2587 \u2587\u2587\u2587\u2587 hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no Collateral Accounts at or with any bank or financial institution other than Bank or Bank\u2019s Affiliates except for the Collateral Accounts described in the Perfection Certificate delivered to Bank in connection herewith and which Borrower has taken such actions as are necessary to give Bank a perfected security interest therein, pursuant to the terms of Section 6.8(b). The Accounts are bona fide, existing obligations of the Account Debtors. The Collateral is not in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower\u2019s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower\u2019s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower\u2019s knowledge, no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on Borrower\u2019s business. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any Restricted License.", "samples": [{"hash": "e72FlSKhFSn", "uri": "/contracts/e72FlSKhFSn#collateral", "label": "Loan and Security Agreement (Ziprecruiter, Inc.)", "score": 32.3073234558, "published": true}, {"hash": "5Feq37s5YDx", "uri": "/contracts/5Feq37s5YDx#collateral", "label": "Loan and Security Agreement (Ziprecruiter, Inc.)", "score": 32.1868591309, "published": true}, {"hash": "ca9GIdLLeKw", "uri": "/contracts/ca9GIdLLeKw#collateral", "label": "Loan and Security Agreement (Pubmatic, Inc.)", "score": 31.8665294647, "published": true}], "hash": "5f7190ac2453a59d03f83936c139e2f3", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNjb2xsYXRlcmFsIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Collateral", "size": 25290, "children": [["grant-of-security-interest", "Grant of Security Interest"], ["further-assurances", "Further Assurances"], ["", ""], ["commercial-tort-claims", "Commercial Tort Claims"], ["collateral", "Collateral"]], "parents": [["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"], ["miscellaneous", "Miscellaneous"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["definitions", "Definitions"], ["events-of-default", "Events of Default"]], "id": "collateral", "related": [["security-interest-and-collateral", "Security Interest and Collateral", "Security Interest and <strong>Collateral</strong>"], ["assemble-collateral", "Assemble Collateral", "Assemble <strong>Collateral</strong>"], ["possessory-collateral", "Possessory Collateral", "Possessory <strong>Collateral</strong>"], ["collateral-security-interest", "Collateral; Security Interest", "<strong>Collateral</strong>; Security Interest"], ["the-collateral-agent", "The Collateral Agent", "The <strong>Collateral</strong> Agent"]], "related_snippets": [], "updated": "2026-08-13T04:22:21+00:00", "also_ask": ["What collateral descriptions maximize enforceability and minimize ambiguity?", "How can collateral clauses be structured to prioritize creditor recovery in insolvency?", "What are the most common pitfalls in collateral perfection and how can they be avoided?", "How do collateral requirements differ across jurisdictions or under UCC Article 9?", "What are the key factors courts consider when determining the validity of a collateral grant?"], "drafting_tip": "Specify the types and value of collateral to ensure clarity; require regular valuation to maintain adequate security; define enforcement procedures to facilitate swift recovery in default.", "explanation": "The Collateral clause establishes the requirement for one party to provide assets or security to the other as a guarantee for fulfilling contractual obligations. Typically, this involves pledging cash, property, or other valuable items that can be claimed or liquidated if the party defaults on its commitments. By requiring collateral, the clause reduces the risk of non-performance and offers assurance that losses can be recovered, thereby protecting the interests of the party receiving the collateral."}, "json": true, "cursor": ""}}