{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lhzCHRgJRLz", "uri": "/contracts/lhzCHRgJRLz#debt-restructuring", "label": "Common Stock Purchase Agreement (FP Tech Holdings, LLC)", "score": 19.0, "published": true}, {"hash": "7GW6l8OEY4D", "uri": "/contracts/7GW6l8OEY4D#debt-restructuring", "label": "Common Stock Purchase Agreement (Firepond, Inc.)", "score": 19.0, "published": true}], "size": 2, "snippet_links": [{"key": "prior-to", "type": "definition", "offset": [0, 8]}, {"key": "the-closing", "type": "definition", "offset": [30, 41]}, {"key": "the-company-shall", "type": "clause", "offset": [43, 60]}, {"key": "entered-into", "type": "clause", "offset": [66, 78]}, {"key": "amendment-and-exchange-agreement", "type": "definition", "offset": [92, 124]}, {"key": "holders-of", "type": "clause", "offset": [134, 144]}, {"key": "the-amended-and-restated", "type": "clause", "offset": [145, 169]}, {"key": "subordinated-notes", "type": "definition", "offset": [185, 203]}, 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"offset": [161, 175]}, {"key": "all-amounts-due", "type": "clause", "offset": [203, 218]}, {"key": "by-the-company", "type": "clause", "offset": [230, 244]}, {"key": "pursuant-to-the", "type": "clause", "offset": [245, 260]}, {"key": "promissory-note", "type": "definition", "offset": [265, 280]}, {"key": "principal-in", "type": "definition", "offset": [308, 320]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [350, 377]}, {"key": "master-loan-agreement", "type": "clause", "offset": [486, 507]}, {"key": "demand-note", "type": "definition", "offset": [523, 534]}, {"key": "the-actions", "type": "clause", "offset": [617, 628]}, {"key": "in-clauses", "type": "clause", "offset": [641, 651]}, {"key": "consideration-paid", "type": "definition", "offset": [848, 866]}, {"key": "a-contribution", "type": "clause", "offset": [914, 928]}, {"key": "capital-of-the-company", "type": "clause", "offset": [947, 969]}], "snippet": "In reliance on the representations, warranties, covenants and agreements set forth in this Agreement, and subject to the terms and conditions of this Agreement, at the Closing, Champps shall:\n(a) cancel all amounts due to Champps by the Company pursuant to the Old Promissory Note, including all outstanding principal in the amount of $2,300,000 and accrued and unpaid interest thereon in the amount of $200,000; and\n(b) cancel all amounts due to Champps by the Company pursuant to the Master Loan Agreement and the Master Demand Note, including all outstanding principal and any accrued and unpaid interest thereon. The actions referred to in clauses (a) and (b) above are referred to in this Agreement as the \"Debt Restructuring.\" Any amounts due to Champps by the Company as described in Sections 1.02(a) and 1.02(b) hereof not satisfied by the consideration paid under Section 1.04 below shall be deemed to be a contribution by Champps to the capital of the Company.", "hash": "a793280e045f8c061ae731fd50894e8c", "id": 5}, {"samples": [{"hash": "9mkrz1NZglV", "uri": "/contracts/9mkrz1NZglV#debt-restructuring", "label": "Underwriting Agreement (Taylor Capital Group Inc)", "score": 16.0, "published": true}, {"hash": "6EiyBO9UpZN", "uri": "/contracts/6EiyBO9UpZN#debt-restructuring", "label": "Underwriting Agreement (Taylor Capital Group Inc)", "score": 16.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "commercially-reasonable-efforts-to-consummate", "type": "clause", "offset": [26, 71]}, {"key": "the-debt", "type": "clause", "offset": [72, 80]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [95, 117]}, {"key": "the-closing-time", "type": "clause", "offset": [128, 144]}], "snippet": "The Company shall use all commercially reasonable efforts to consummate the Debt Restructuring as soon as practicable following the Closing Time.", "hash": "464b6adad5a4a2a254ce116181a074fd", "id": 8}, {"samples": [{"hash": "eiqZKI54qEP", "uri": "/contracts/eiqZKI54qEP#debt-restructuring", "label": "Common Stock Purchase Agreement (Hyundai Motor Co)", "score": 18.0, "published": true}, {"hash": "bGPAszeECPK", "uri": "/contracts/bGPAszeECPK#debt-restructuring", "label": "Common Stock Purchase Agreement (Us Electricar Inc)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "of-the-corporation", "type": "clause", "offset": [12, 30]}, {"key": "entered-into", "type": "clause", "offset": [75, 87]}, {"key": "aggregate-amount", "type": "clause", "offset": [209, 225]}, {"key": "in-addition", "type": "clause", "offset": [256, 267]}, {"key": "informal-committee", "type": "definition", "offset": [287, 305]}, {"key": "trade-creditors", "type": "definition", "offset": [348, 363]}, {"key": "by-the-corporation", "type": "clause", "offset": [441, 459]}, {"key": "voluntary-restructuring", "type": "definition", "offset": [491, 514]}, {"key": "trade-debt", "type": "clause", "offset": [546, 556]}, {"key": "restructuring-plan", "type": "definition", "offset": [564, 582]}, {"key": "approved-and-accepted", "type": "clause", "offset": [632, 653]}, {"key": "the-restructuring", "type": "clause", "offset": [667, 684]}, {"key": "the-debt", "type": "clause", "offset": [704, 712]}, {"key": "private-placement-memorandum", "type": "clause", "offset": [753, 781]}, {"key": "a-copy-of", "type": "clause", "offset": [805, 814]}, {"key": "for-review", "type": "clause", "offset": [860, 870]}, {"key": "by-the-purchaser", "type": "clause", "offset": [871, 887]}, {"key": "upon-request", "type": "definition", "offset": [904, 916]}, {"key": "pursuant-to-the", "type": "clause", "offset": [918, 933]}, {"key": "debt-of", "type": "definition", "offset": [1144, 1151]}, {"key": "series-b-convertible-preferred-stock", "type": "definition", "offset": [1262, 1298]}, {"key": "payment-of", "type": "clause", "offset": [1302, 1312]}, {"key": "unsecured-creditors", "type": "definition", "offset": [1350, 1369]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [1461, 1483]}, {"key": "secured-debt", "type": "definition", "offset": [1734, 1746]}, {"key": "substantially-all", "type": "definition", "offset": [1765, 1782]}, {"key": "no-assurance", "type": "clause", "offset": [1902, 1914]}, {"key": "to-the-extent", "type": "clause", "offset": [1999, 2012]}, {"key": "the-voluntary", "type": "clause", "offset": [2070, 2083]}, {"key": "additional-funding", "type": "definition", "offset": [2146, 2164]}, {"key": "not-available", "type": "definition", "offset": [2168, 2181]}, {"key": "insolvency-laws", "type": "definition", "offset": [2266, 2281]}], "snippet": "As a result of the Corporation's insolvency in March 1995, the Corporation entered into agreements in March and April 1995 with its secured creditors and largest unsecured creditor, to restructure debt in the aggregate amount of approximately $22 million. In addition, in April 1995, an informal committee of the Corporation's unsecured antecedent trade creditors was established, and in August 1995, this committee recommended for approval by the Corporation's creditors and shareholders a voluntary restructuring of the Corporation's unsecured trade debt (\"Debt Restructuring Plan\"). In early 1996, the Corporation's shareholders approved and accepted the terms of the restructuring plan. The terms of the Debt Restructuring Plan are set forth in the Private Placement Memorandum dated January 2, 1996, a copy of which has been delivered to and is available for review by the Purchaser and its counsel upon request. Pursuant to the Debt Restructuring Plan, and as of October 31, 1996, the Corporation believes it has received and approved approximately $11,751,000 or 84% acceptances by its antecedent trade creditors. Outstanding antecedent debt of approximately $2,254,000 has not been settled. As of January 1997, the Corporation issued 1,587,473 shares of Series B Convertible Preferred Stock as payment of $3,175,000 of debt owed to qualified unsecured creditors under the Corporation's Debt Restructuring Plan. This stock is convertible into 10,583,682 shares of common stock. In addition, the Corporation and its secured creditors have converted approximately $15,000,000 in debt into approximately 50,000,000 shares of common stock. The Corporation and its secured creditors may elect, however, to keep the remainder of the secured debt outstanding until substantially all of this remaining unsecured antecedent trade debt has accepted the Corporation's Debt Restructuring Plan. THERE CAN BE NO ASSURANCE THAT THE CORPORATION WILL BE ABLE TO CONTINUE TO EFFECTUATE THE DEBT RESTRUCTURING. TO THE EXTENT THAT THE CORPORATION IS UNABLE TO CONTINUE TO EFFECTUATE THE VOLUNTARY RESTRUCTURING OR OTHERWISE REFINANCE OR CONVERT SUCH DEBT AND ADDITIONAL FUNDING IS NOT AVAILABLE, THE CORPORATION WOULD BE FORCED TO SEEK PROTECTION UNDER APPLICABLE BANKRUPTCY AND INSOLVENCY LAWS.", "hash": "2efc1fd7cd994c8d16b53237e27803d4", "id": 9}, {"samples": [{"hash": "e950YPOPcM7", "uri": "/contracts/e950YPOPcM7#debt-restructuring", "label": "Restructuring Support Agreement (Highland Capital Management Lp)", "score": 21.3203277588, "published": true}, {"hash": "2xYwujl9kz2", "uri": "/contracts/2xYwujl9kz2#debt-restructuring", "label": "Restructuring Support Agreement (American Homepatient Inc)", "score": 21.3203277588, "published": true}], "size": 2, "snippet_links": [{"key": "agreed-to", "type": "definition", "offset": [17, 26]}, {"key": "the-debt", "type": "clause", "offset": [27, 35]}, {"key": "the-terms", "type": "clause", "offset": [51, 60]}, {"key": "exhibit-a", "type": "definition", "offset": [100, 109]}, {"key": "term-sheet", "type": "definition", "offset": [116, 126]}, {"key": "the-parties-hereto-agree-that", "type": "clause", "offset": [130, 159]}, {"key": "become-effective", "type": "clause", "offset": [189, 205]}, {"key": "in-accordance-with", "type": "definition", "offset": [206, 224]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [229, 252]}, {"key": "acceptance-date", "type": "definition", "offset": [279, 294]}, {"key": "prior-to-the", "type": "clause", "offset": [353, 365]}, {"key": "the-holders", "type": "clause", "offset": [388, 399]}, {"key": "remaining-obligations", "type": "definition", "offset": [414, 435]}, {"key": "section-4", "type": "clause", "offset": [442, 451]}], "snippet": "The Parties have agreed to the Debt Restructuring, the terms of which are described in the attached Exhibit A (the \u201cTerm Sheet\u201d). The parties hereto agree that the Debt Restructuring shall become effective in accordance with the terms of this Agreement immediately following the Acceptance Date, it being understood that if this Agreement is terminated prior to the Acceptance Date, then the Holders shall have no remaining obligations under Section 4 of this Agreement.", "hash": "12c2f591747da76373823a958b07703f", "id": 10}, {"samples": [{"hash": "7tX7kcEoyzB", "uri": "/contracts/7tX7kcEoyzB#debt-restructuring", "label": "Merger Agreement (Advanced Photonix Inc)", "score": 24.0869274139, "published": true}, {"hash": "1b1pPN3Bjup", "uri": "/contracts/1b1pPN3Bjup#debt-restructuring", "label": "Merger Agreement (Luna Innovations Inc)", "score": 24.0869274139, "published": true}], "size": 2, "snippet_links": [{"key": "and-company", "type": "clause", "offset": [15, 26]}, {"key": "agree-to", "type": "clause", "offset": [27, 35]}, {"key": "company-debt", "type": "clause", "offset": [80, 92]}, {"key": "to-parent", "type": "definition", "offset": [126, 135]}, {"key": "and-the-company", "type": "clause", "offset": [136, 151]}], "snippet": "Each of Parent and Company agree to cooperate to refinance all or a part of the Company Debt on terms reasonably satisfactory to Parent and the Company.", "hash": "527dad40d2a062b96f28309cdeb12c7a", "id": 6}, {"samples": [{"hash": "khYsXhziVH9", "uri": "/contracts/khYsXhziVH9#debt-restructuring", "label": "Subscription Agreement (Procaps Group, S.A.)", "score": 36.2826843262, "published": true}, {"hash": "jhKvj4jAvgW", "uri": "/contracts/jhKvj4jAvgW#debt-restructuring", "label": "Subscription Agreement (Procaps Group, S.A.)", "score": 36.2826843262, "published": true}, {"hash": "hSn3QJG2Apj", "uri": "/contracts/hSn3QJG2Apj#debt-restructuring", "label": "Subscription Agreement (Procaps Group, S.A.)", "score": 36.2826843262, "published": true}], "size": 6, "snippet_links": [{"key": "after-the-effective-date", "type": "clause", "offset": [9, 33]}, {"key": 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consents, approvals and agreements of Persons other than Governmental Authorities, including the Company Shareholders\u2019 Approval) necessary for the consummation of the Debt Restructuring.", "hash": "a6ab100675d2f2eced397d2fd939c203", "id": 2}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtkZWJ0LXJlc3RydWN0dXJpbmcjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Debt Restructuring", "parents": [["conditions", "Conditions"], ["conditions-precedent", "Conditions Precedent"], ["conditions-to-the-investors-obligations-at-the-closing", "Conditions to the Investor\u2019s Obligations at the Closing"], ["companys-covenants", "Companys Covenants"], ["conditions-to-closing", "Conditions to Closing"]], "size": 88, "children": [["", ""], ["conditions-precedent", "Conditions Precedent"], ["common-shares", "Common Shares"], ["delivery-of-agreements", "Delivery of Agreements"], ["debt-restructuring", "Debt Restructuring"]], "id": "debt-restructuring", 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Typically, this clause allows for changes such as extending repayment periods, reducing interest rates, or altering payment schedules to accommodate the borrower's financial difficulties. Its core practical function is to provide a structured mechanism for renegotiating debt obligations, thereby helping both parties avoid default and potentially more severe financial consequences."}, "json": true, "cursor": ""}}