{"component": "clause", "props": {"groups": [{"snippet": "The Advances and Letters of Credit 16", "samples": [{"hash": "8fRX2xDZq6g", "uri": "/contracts/8fRX2xDZq6g#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 24.6495550992, "published": true}, {"hash": "i1VlWLqRCJi", "uri": "/contracts/i1VlWLqRCJi#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 22.5441478439, "published": true}], "size": 5, "snippet_links": [{"key": "the-advances-and-letters-of-credit", "type": "clause", "offset": [0, 34]}], "hash": "8454735990fa7dad1bc0e9ca1555ad31", "id": 1}, {"snippet": "21 2.1. Commitments..........................................21 2.2.", "samples": [{"hash": "99btIsGXKQ4", "uri": "/contracts/99btIsGXKQ4#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Calpine Corp)", "score": 18.0, "published": true}], "size": 5, "snippet_links": [], "hash": "71001208a5e59d75e280d41baa8f3988", "id": 2}, {"snippet": "The Advances and Letters of Credit 18 SECTION 2.2. Making the Advances 19", "samples": [{"hash": "c9tcGykHRV1", "uri": "/contracts/c9tcGykHRV1#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 30.2703627652, "published": true}, {"hash": "3ku2QYmBV4q", "uri": "/contracts/3ku2QYmBV4q#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 28.7919233402, "published": true}], "size": 2, "snippet_links": [{"key": "the-advances-and-letters-of-credit", "type": "clause", "offset": [0, 34]}, {"key": "section-22", "type": "clause", "offset": [38, 49]}, {"key": "making-the-advances", "type": "clause", "offset": [51, 70]}], "hash": "e0f3535655a9118a27d0e3d08bf8e6ff", "id": 3}, {"snippet": "2.1. Loans and Commitments............................................ 2.1.1.", "samples": [{"hash": "4bOAVOLSP3n", "uri": "/contracts/4bOAVOLSP3n#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Triarc Companies Inc)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "loans-and-commitments", "type": "clause", "offset": [5, 26]}], "hash": "98ace0797d7318fa6ecb5fe7517cf627", "id": 4}, {"snippet": "17 2.1. Commitments................................................. 17 2.1.1. Revolving Loan Commitment................................... 18 2.1.2. Term Loan Commitment........................................ 18 2.1.3. Commitment to Issue Revolving Loan Letters of Credit.....", "samples": [{"hash": "2zmm39KhQRS", "uri": "/contracts/2zmm39KhQRS#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Vintage Petroleum Inc)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "revolving-loan-commitment", "type": "clause", "offset": [79, 104]}, {"key": "term-loan-commitment", "type": "clause", "offset": [150, 170]}, {"key": "commitment-to-issue", "type": "clause", "offset": [221, 240]}, {"key": "letters-of-credit", "type": "definition", "offset": [256, 273]}], "hash": "42791f6c5df1c5e3e48214f2c1cd3b9c", "id": 5}, {"snippet": "Section 2.1. The Advances 2325 Section 2.2. Making the Advances 2425 Section 2.3. [Intentionally omitted] 2627 Section 2.4. [Intentionally omitted] 2627 Section 2.5. [Intentionally omitted] 2627 Section 2.6. Repayment of Advances 2627 Section 2.7. Interest on Advances 2627 Section 2.8. Interest Rate Determination 2728 Section 2.9. Optional Conversion of Advances 2728 Section 2.10. Optional Prepayments of Advances 2728 Section 2.11. Payments and Computations 28", "samples": [{"hash": "cRZAlU5izO9", "uri": "/contracts/cRZAlU5izO9#commitments-borrowing-procedures-and-notes", "label": "Term Loan Agreement (Royal Caribbean Cruises LTD)", "score": 33.8377823409, "published": true}], "size": 2, "snippet_links": [{"key": "section-21", "type": "clause", "offset": [0, 11]}, {"key": "section-22", "type": "clause", "offset": [31, 42]}, {"key": "making-the-advances", "type": "clause", "offset": [44, 63]}, {"key": "section-23", "type": "clause", "offset": [69, 80]}, {"key": "intentionally-omitted", "type": "clause", "offset": [83, 104]}, {"key": "section-24", "type": "clause", "offset": [111, 122]}, {"key": "section-26", "type": "clause", "offset": [195, 206]}, {"key": "repayment-of-advances", "type": "clause", "offset": [208, 229]}, {"key": "interest-on-advances", "type": "definition", "offset": [248, 268]}, {"key": "interest-rate-determination", "type": "clause", "offset": [287, 314]}, {"key": "optional-conversion-of-advances", "type": "clause", "offset": [333, 364]}, {"key": "optional-prepayments-of-advances", "type": "clause", "offset": [384, 416]}, {"key": "payments-and-computations", "type": "clause", "offset": [436, 461]}], "hash": "20fd4297a2280c2f948a5f901c32a465", "id": 6}, {"snippet": "SECTION 2.1 Commitments SECTION 2.1.1 Revolving Loan Commitment", "samples": [{"hash": "8nb5i3aOrNo", "uri": "/contracts/8nb5i3aOrNo#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Markwest Hydrocarbon Inc)", "score": 19.0, "published": true}], "size": 1, "snippet_links": [{"key": "section-21", "type": "clause", "offset": [0, 11]}, {"key": "revolving-loan-commitment", "type": "clause", "offset": [38, 63]}], "hash": "cffb1c15f111b41b16cc123901563c1f", "id": 7}, {"snippet": "The Advances and Letters of Credit 17 SECTION 2.2. Making the Advances 18 SECTION 2.3. Issuance of and Drawings and Reimbursement Under Letters of Credit 20 SECTION 2.4. Fees 22 SECTION 2.5. Termination or Reduction of the Commitments 22 SECTION 2.6. Repayment of Advances and Letter of Credit Drawings 23 SECTION 2.7. Interest on Advances 24 SECTION 2.8. Interest Rate Determination 25 SECTION 2.9. Optional Conversion of Revolving Credit Advances 25 SECTION 2.10. Prepayments of Advances 25 SECTION 2.11. Payments and Computations 26 SECTION 2.12. Sharing of Payments, Etc. 28 SECTION 2.13. Evidence of Debt 28 SECTION 2.14. Increase in Aggregate Commitments 29 SECTION 2.15. Defaulting Lenders 29 SECTION 2.16. Extension of Commitments 32", "samples": [{"hash": "elFWGssM1dz", "uri": "/contracts/elFWGssM1dz#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 26.4620123203, "published": true}], "size": 1, "snippet_links": [{"key": "the-advances-and-letters-of-credit", "type": "clause", "offset": [0, 34]}, {"key": "section-22", "type": "clause", "offset": [38, 49]}, {"key": "making-the-advances", "type": "clause", "offset": [51, 70]}, {"key": "section-23", "type": "clause", "offset": [74, 85]}, {"key": "issuance-of-and-drawings-and-reimbursement-under-letters-of-credit", "type": "clause", "offset": [87, 153]}, {"key": "section-24", "type": "clause", "offset": [157, 168]}, {"key": "termination-or-reduction-of-the-commitments", "type": "clause", "offset": [191, 234]}, {"key": "section-26", "type": "clause", "offset": [238, 249]}, {"key": "repayment-of-advances-and-letter-of-credit-drawings", "type": "clause", "offset": [251, 302]}, {"key": "interest-on-advances", "type": "definition", "offset": [319, 339]}, {"key": "interest-rate-determination", "type": "clause", "offset": [356, 383]}, {"key": "optional-conversion-of-revolving-credit-advances", "type": "clause", "offset": [400, 448]}, {"key": "prepayments-of-advances", "type": "clause", "offset": [466, 489]}, {"key": "payments-and-computations", "type": "clause", "offset": [507, 532]}, {"key": "sharing-of-payments", "type": "clause", "offset": [550, 569]}, {"key": "evidence-of-debt", "type": "definition", "offset": [593, 609]}, {"key": "increase-in-aggregate-commitments", "type": "clause", "offset": [627, 660]}, {"key": "defaulting-lenders", "type": "clause", "offset": [678, 696]}, {"key": "extension-of-commitments", "type": "clause", "offset": [714, 738]}], "hash": "b9a0e0bd4b14aaa28b1b53f8e702312b", "id": 8}, {"snippet": "Section 2.1. Commitments..............................................................................", "samples": [{"hash": "ahUXZNUaTVW", "uri": "/contracts/ahUXZNUaTVW#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (W-H Energy Services Inc)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "section-21", "type": "clause", "offset": [0, 11]}], "hash": "1cecbd2d93eb743cb2aa86bb7b895a7b", "id": 9}, {"snippet": "2 SECTION 2.1. Commitments.......................................... 2 SECTION 2.2. Borrowing Procedures................................. 2 SECTION 2.3. Continuation and Conversion Elections................ 2 SECTION 2.4. Funding.............................................. 3 SECTION 2.5. Register; Notes...................................... 3 ARTICLE III", "samples": [{"hash": "aQN5gFUwXlO", "uri": "/contracts/aQN5gFUwXlO#commitments-borrowing-procedures-and-notes", "label": "Credit Agreement (Quintiles Transnational Corp)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "section-21", "type": "clause", "offset": [2, 13]}, {"key": "section-22", "type": "clause", "offset": [71, 82]}, {"key": "borrowing-procedures", "type": "clause", "offset": [84, 104]}, {"key": "section-23", "type": "clause", "offset": [140, 151]}, {"key": "continuation-and-conversion-elections", "type": "clause", "offset": [153, 190]}, {"key": "section-24", "type": "clause", "offset": [209, 220]}, {"key": "article-iii", "type": "clause", "offset": [347, 358]}], "hash": "dbab3d5e024f19ec4dde84b62033adac", "id": 10}], "next_curs": "CnMSbWoVc35sYXdpbnNpZGVyY29udHJhY3Rzck8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IjNjb21taXRtZW50cy1ib3Jyb3dpbmctcHJvY2VkdXJlcy1hbmQtbm90ZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["commitments", "Commitments"], ["funding", "Funding"], ["continuation-and-conversion-elections", "Continuation and Conversion Elections"], ["borrowing-procedure", "Borrowing Procedure"], ["notes", "Notes"]], "size": 81, "parents": [["affirmative-covenants", "Affirmative Covenants"], ["listing-of-events-of-default", "Listing of Events of Default"], ["organization-etc", "Organization, etc"], ["defined-terms", "Defined Terms"], ["deposits-unavailable", "DEPOSITS UNAVAILABLE"]], "title": "Commitments Borrowing Procedures and Notes", "id": "commitments-borrowing-procedures-and-notes", "related": [["disbursement-of-revolving-credit-and-swingline-loans", "Disbursement of Revolving Credit and Swingline Loans", "Disbursement of Revolving Credit and Swingline Loans"], ["borrowing-procedures", "Borrowing Procedures", "Borrowing Procedures"], ["borrowing-procedures-and-settlements", "Borrowing Procedures and Settlements", "Borrowing Procedures and Settlements"], ["procedure-for-borrowing-swingline-loans", "Procedure for Borrowing Swingline Loans", "Procedure for Borrowing Swingline Loans"], ["repayment-of-swingline-loans", "Repayment of Swingline Loans", "Repayment of Swingline Loans"]], "related_snippets": [], "updated": "2025-07-07T12:37:54+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The 'Commitments, Borrowing Procedures and Notes' clause defines the lender's obligation to provide funds up to a specified limit and outlines the process by which the borrower can request and receive loans under the agreement. It typically details the steps for submitting borrowing requests, the timing and conditions for disbursement, and the documentation (such as promissory notes) that evidences each loan. This clause ensures both parties understand the mechanics of drawing funds and formalizes the borrower's access to credit, thereby reducing uncertainty and streamlining the lending process."}, "json": true, "cursor": ""}}