{"component": "clause", "props": {"groups": [{"snippet": "The term \u201c", "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "size": 4, "samples": [{"hash": "7nIGCMTNF61", "uri": "/contracts/7nIGCMTNF61#development-loan", "label": "Predevelopment Services Agreement", "score": 30.4312530509, "published": true}, {"hash": "yaz9x5WC17", "uri": "/contracts/yaz9x5WC17#development-loan", "label": "Predevelopment Services Agreement", "score": 25.3709793091, "published": true}, {"hash": "8oIsXNsHT4x", "uri": "/contracts/8oIsXNsHT4x#development-loan", "label": "Predevelopment Services Agreement", "score": 24.7453804016, "published": true}], "hash": "e6abc5b81feb3c0a954d10eb23e67d9b", "id": 1}, {"snippet": "(a) Lakes has made certain pre-development and development advances to the Tribe, and, as of November 22, 2011, the total aggregate principal advanced and accrued interest thereon as of the Effective Date (the \u201cDevelopment Advance Amount\u201d) is $2,622,613.62 in principal and $55,681.37 in accrued interest.\n(b) The Tribe and the Authority (i) acknowledge and hereby assume this indebtedness, and are accordingly indebted to Lakes (as agent for itself and any Affiliate of Lakes) for the Development Advance Amount, without defense, offset or counterclaim, (ii) acknowledge that the Development Advance Amount will be payable to Lakes pursuant to the terms of this Agreement, and (iii) acknowledge that the principal portion of the Development Advance Amount has accrued interest from the date advanced a rate per annum equal to the Applicable Federal Rate through the Opening Date, such rate adjusted monthly and determined on the first business day of each month, and shall accrue interest from the Opening Date until the Development Loan is fully repaid at a rate per annum equal to the Prime Rate plus two percent (2%), such rate adjusted monthly and determined on the first business day of each month.\n(c) Subject to Section 2.5(h), Lakes shall make (or cause to be made) additional pre-development and development advances to the Tribe or the Authority as approved and detailed in the Initial Pre-Development Budget including any amendments to the Initial Pre-Development Budget and any subsequently approved Pre-Development Budget; however, Lakes is not obligated to make any additional development advances to the Tribe other than the amounts set forth in the Initial Pre-Development Budget, not to exceed $6,595,697.48 in total. The additional advances when added to the principal amount of the Development Advance Amount is collectively being referred to herein as the \u201cDevelopment Loan\u201d.\n(d) The Development Loan shall be evidenced by a promissory note prepared by Lakes, substantially in the form attached as Exhibit E to this Agreement, as the same may be amended from time to time (the \u201cDevelopment Loan Note\u201d), executed on behalf of the Tribe and the Authority, and dated the date hereof, to be payable from and secured by the Collateral.\n(e) With respect to the Development Loan Note:\n(i) interest shall continue to accrue on the unpaid principal amount of the Development Loan Note at the rate per annum determined on a monthly basis pursuant to Section 2.5(b) above;\n(ii) unless the Development Loan Note becomes payable in accordance with other provisions of this Agreement before the occurrence of the Opening Date, all accrued and unpaid interest as of the Opening Date shall be capitalized as of the Opening Date and added to the unpaid principal amount of the Development Loan Note, the resulting sum to be deemed the aggregate unpaid principal amount as of the Opening Date;\n(iii) from and after the Opening Date, interest on such aggregate unpaid principal amount shall be payable monthly in arrears, commencing on the Initial Payment Date and continuing on each Payment Date thereafter until payment in full of the Development Loan Note;\n(iv) from and after the Opening Date, such aggregate unpaid principal amount of the Development Loan Note shall be payable over the same term as the Development Financing Loan in equal monthly installments of principal (the sum of which shall equal the unpaid principal amount of the Development Loan Note as of such Opening Date), commencing on the Initial Payment Date and continuing on each Payment Date thereafter until the Development Loan Note has been paid in full; and\n(v) notwithstanding anything in this subparagraph (e) to the contrary, in accordance with other provisions of this Agreement under the circumstances described therein all unpaid principal, accrued interest and other amounts due under the Development Loan Note shall become due and payable upon the expiration or earlier termination of this Agreement in accordance with such provisions.\n(f) Sections 2.5(e)(iii) and (iv) provide for monthly payments of interest on and principal of the Development Loan Note. For the sake of clarity, such monthly payments shall be applied first to the payment of accrued interest, and the remainder to be applied to the unpaid principal amount of the Development Loan Note.\n(g) The Tribe or the Authority may prepay all or part of the Development Loan Note without penalty at any time (any such prepayment to be made together with accrued interest on the principal amount so prepaid, and partial principal prepayments to be applied to principal installments in inverse order of maturity).\n(h) Lakes may, in its sole discretion after consultation with the Tribe, terminate its obligation to advance additional funds under the Development Loan if and only if any of the following events occur: (i) during the Initial Period, the State of California or the California Department of Transportation notifies the Tribe that it will not process and cease working on the Tribe\u2019s application for an encroachment permit; (ii) after the Initial Period, a court of competent jurisdiction enjoins development or construction relating to the Gaming Facility or access to the Gaming Facility; or (iii) Lakes terminates this Agreement pursuant to Section 9.3 herein. In the event Lakes elects to terminate its obligation to advance additional funds as provided for in the proceeding sentence without terminating this Agreement, Lakes shall provide the Tribe with written notice of its intent and the effective date of termination no later than ten (10) days after the occurrence of either (i) or (ii) above; however, Lakes shall, unless this Agreement is terminated, continue to fund the Tribal Support Loan in the amounts referenced in the Initial Pre-Development Budget for the remainder of the Initial Period. Within ten (10) days after the Tribe\u2019s receipt of Lakes\u2019s written notice to terminate funding of the Development Loan, the Tribe and Lakes shall meet in good faith to discuss and amend the Pre-Development Plan and Pre-Development Budget in light of the circumstances; however, each party reserves its right to terminate the Agreement in accordance with the provisions of Section 9.7, Section 9.3 and Section 9.4. If the Parties are unable to reach agreement to amend the Initial Pre-Development Plan and Initial Pre-Development Budget and neither party exercises its right to terminate under Section 9.7, Section 9.3 or Section 9.4, this Agreement shall automatically terminate and the Tribe shall be required to pay the Lakes Notes in accordance with the provisions of Section 9.7(b)(i) or exercise its rights under Section 9.8 and all other obligations under this Agreement shall automatically terminate and be of no force and effect.", "snippet_links": [{"key": "development-advances", "type": "definition", "offset": [47, 67]}, {"key": "aggregate-principal", "type": "definition", "offset": [122, 141]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [180, 204]}, {"key": "advance-amount", "type": "definition", "offset": [223, 237]}, {"key": "affiliate-of", "type": "definition", "offset": [458, 470]}, {"key": "payable-to", "type": "definition", "offset": [616, 626]}, {"key": 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"in-total", "type": "clause", "offset": [1726, 1734]}, {"key": "additional-advances", "type": "definition", "offset": [1740, 1759]}, {"key": "the-principal-amount", "type": "definition", "offset": [1774, 1794]}, {"key": "loan-shall", "type": "definition", "offset": [1917, 1927]}, {"key": "promissory-note", "type": "definition", "offset": [1946, 1961]}, {"key": "prepared-by", "type": "definition", "offset": [1962, 1973]}, {"key": "exhibit-e", "type": "definition", "offset": [2019, 2028]}, {"key": "to-this-agreement", "type": "clause", "offset": [2029, 2046]}, {"key": "from-time-to-time", "type": "clause", "offset": [2075, 2092]}, {"key": "loan-note", "type": "definition", "offset": [2111, 2120]}, {"key": "on-behalf-of", "type": "definition", "offset": [2133, 2145]}, {"key": "date-hereof", "type": "clause", "offset": [2189, 2200]}, {"key": "the-collateral", "type": "definition", "offset": [2236, 2250]}, {"key": "with-respect-to", "type": "clause", "offset": [2256, 2271]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [2344, 2367]}, {"key": "the-rate", "type": "definition", "offset": [2400, 2408]}, {"key": "monthly-basis", "type": "clause", "offset": [2435, 2448]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2449, 2468]}, {"key": "in-accordance-with", "type": "clause", "offset": [2537, 2555]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [2556, 2590]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [2638, 2665]}, {"key": "monthly-in-arrears", "type": "clause", "offset": [3004, 3022]}, {"key": "initial-payment-date", "type": "definition", "offset": [3042, 3062]}, {"key": "payment-in-full", "type": "definition", "offset": [3116, 3131]}, {"key": "financing-loan", "type": "definition", "offset": [3323, 3337]}, {"key": "installments-of-principal", "type": "clause", "offset": [3355, 3380]}, {"key": "sum-of", "type": "clause", "offset": [3386, 3392]}, {"key": "paid-in-full", "type": "definition", "offset": [3621, 3633]}, {"key": "other-amounts-due", "type": "clause", "offset": [3849, 3866]}, {"key": "due-and-payable", "type": "definition", "offset": [3912, 3927]}, {"key": "termination-of-this-agreement-in-accordance", "type": "clause", "offset": [3959, 4002]}, {"key": "provide-for", "type": "definition", "offset": [4059, 4070]}, {"key": "payments-of-interest", "type": "definition", "offset": [4079, 4099]}, {"key": "principal-of", "type": "definition", "offset": [4107, 4119]}, {"key": "payments-shall-be", "type": "clause", "offset": [4185, 4202]}, {"key": "payment-of-accrued-interest", "type": "clause", "offset": [4224, 4251]}, {"key": "may-prepay", "type": "clause", "offset": [4377, 4387]}, {"key": "without-penalty", "type": "clause", "offset": [4429, 4444]}, {"key": "at-any-time", "type": "clause", "offset": [4445, 4456]}, {"key": "interest-on-the-principal", "type": "definition", "offset": [4511, 4536]}, {"key": "principal-prepayments", "type": "definition", "offset": [4568, 4589]}, {"key": "principal-installments", "type": "definition", "offset": [4607, 4629]}, {"key": "order-of", "type": "clause", "offset": [4641, 4649]}, {"key": "sole-discretion", "type": "clause", "offset": [4683, 4698]}, {"key": "after-consultation-with", "type": "clause", "offset": [4699, 4722]}, {"key": "obligation-to-advance", "type": "clause", "offset": [4748, 4769]}, {"key": "additional-funds", "type": "definition", "offset": [4770, 4786]}, {"key": "during-the-initial-period", "type": "clause", "offset": [4868, 4893]}, {"key": "the-state-of-california", "type": "clause", "offset": [4895, 4918]}, {"key": "california-department-of-transportation", "type": "definition", "offset": [4926, 4965]}, {"key": "encroachment-permit", "type": "definition", "offset": [5062, 5081]}, {"key": "after-the-initial-period", "type": "clause", "offset": [5088, 5112]}, {"key": "court-of-competent-jurisdiction", "type": "clause", "offset": [5116, 5147]}, {"key": "relating-to", "type": "definition", "offset": [5184, 5195]}, {"key": "gaming-facility", "type": "clause", "offset": [5200, 5215]}, {"key": "access-to-the", "type": "clause", "offset": [5219, 5232]}, {"key": "section-93", "type": "clause", "offset": [5303, 5314]}, {"key": "in-the-event", "type": "clause", "offset": [5323, 5335]}, {"key": "terminating-this-agreement", "type": "clause", "offset": [5456, 5482]}, {"key": "provide-the", "type": "clause", "offset": [5496, 5507]}, {"key": "notice-of", "type": "definition", "offset": [5527, 5536]}, {"key": "effective-date-of-termination", "type": "clause", "offset": [5556, 5585]}, {"key": "days-after", "type": "definition", "offset": [5609, 5619]}, {"key": "unless-this-agreement", "type": "clause", "offset": [5686, 5707]}, {"key": "to-fund", "type": "definition", "offset": [5732, 5739]}, {"key": "receipt-of", "type": "clause", "offset": [5908, 5918]}, {"key": "notice-to-terminate", "type": "definition", "offset": [5935, 5954]}, {"key": "in-good-faith", "type": "definition", "offset": [6019, 6032]}, {"key": "to-discuss", "type": "definition", "offset": [6033, 6043]}, {"key": "the-pre", "type": "clause", "offset": [6054, 6061]}, {"key": "development-plan", "type": "clause", "offset": [6062, 6078]}, {"key": "each-party", "type": "clause", "offset": [6146, 6156]}, {"key": "right-to-terminate-the-agreement", "type": "clause", "offset": [6170, 6202]}, {"key": "section-97", "type": "clause", "offset": [6240, 6251]}, {"key": "section-94", "type": "clause", "offset": [6269, 6280]}, {"key": "parties-are", "type": "clause", "offset": [6289, 6300]}, {"key": "agreement-to-amend", "type": "clause", "offset": [6317, 6335]}, {"key": "neither-party", "type": "definition", "offset": [6408, 6421]}, {"key": "to-pay", "type": "clause", "offset": [6579, 6585]}, {"key": "lakes-notes", "type": "definition", "offset": [6590, 6601]}, {"key": "section-98", "type": "clause", "offset": [6686, 6697]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [6712, 6744]}, {"key": "force-and-effect", "type": "clause", "offset": [6788, 6804]}], "size": 2, "samples": [{"hash": "oppi22jITe", "uri": "/contracts/oppi22jITe#development-loan", "label": "Pre Development, Development & Financing Arrangement Agreement (Lakes Entertainment Inc)", "score": 20.9082813263, "published": true}], "hash": "67aadb941fc8b78175d016de8e8d355b", "id": 2}, {"snippet": "It is the intention of the Members and the Company to secure one or more development loans (collectively, the \"Development Loan\") which will cover all or substantially all of the anticipated Budgeted Pre-Development Expenses and the Budgeted Development Costs. The Development Loan may take the form of traditional bank construction financing, a \"mini-perm\" construction/permanent loan(s), or other comparable financing. It will be the joint responsibility of both Legacy and Newpar to secure the Development Loan for the Center and it will be the responsibility of the Development Supervisor to prepare all loan packages and submissions in connection therewith. It is the intention of the Members that the Development Loans will be non-recourse as to any of the Members. Notwithstanding the foregoing, to the extent required by the applicable Lender under any Development Loan:\n(a) Legacy shall have the right, but not the obligation (which determination shall be made in the sole and absolute discretion of Legacy), to execute and deliver to the Lender any and all guarantees of the financial obligations of the Company under the applicable Development Loan; (b) Newpar hereby agrees to and shall execute and deliver to the Lender any and all guarantees of the financial obligations of the Company under the applicable Development Loan; and (c) Newpar hereby agrees to and shall execute and deliver, and shall also cause \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Caype Interests, Inc., a Florida corporation, and/or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to execute and deliver, to the Lender any and all completion guarantees required by Lender in conjunction with the applicable Development Loan. In the event Legacy is required to furnish any guaranty with respect to the financial obligations of the Company under any Development Loan, Legacy shall be entitled to receive the Guaranty Fee set forth in Section 8.13.4 hereof.", "snippet_links": [{"key": "it-is-the-intention", "type": "clause", "offset": [0, 19]}, {"key": "the-members", "type": "clause", "offset": [23, 34]}, {"key": "and-the-company", "type": "clause", "offset": [35, 50]}, {"key": "to-secure", "type": "clause", "offset": [51, 60]}, {"key": "development-loans", "type": "definition", "offset": [73, 90]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [147, 171]}, {"key": "expenses-and", "type": "clause", "offset": [216, 228]}, {"key": "budgeted-development-costs", "type": "definition", "offset": [233, 259]}, {"key": "the-development", "type": "clause", "offset": [261, 276]}, {"key": "form-of", "type": "clause", "offset": [295, 302]}, {"key": "construction-financing", "type": "definition", "offset": [320, 342]}, {"key": "comparable-financing", "type": "definition", "offset": [399, 419]}, {"key": "joint-responsibility", "type": "clause", "offset": [436, 456]}, {"key": "the-center", "type": "definition", "offset": [518, 528]}, {"key": "responsibility-of-the", "type": "clause", "offset": [548, 569]}, {"key": "in-connection", "type": "definition", "offset": [638, 651]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [772, 801]}, {"key": "to-the-extent", "type": "clause", "offset": [803, 816]}, {"key": "required-by", "type": "definition", "offset": [817, 828]}, {"key": "applicable-lender", "type": "definition", "offset": [833, 850]}, {"key": "the-right", "type": "clause", "offset": [901, 910]}, {"key": "the-obligation", "type": "clause", "offset": [920, 934]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [977, 1005]}, {"key": "deliver-to", "type": "definition", "offset": [1033, 1043]}, {"key": "the-lender", "type": "clause", "offset": [1044, 1054]}, {"key": "all-guarantees", "type": "definition", "offset": [1063, 1077]}, {"key": "obligations-of-the-company", "type": "clause", "offset": [1095, 1121]}, {"key": "applicable-development", "type": "definition", "offset": [1132, 1154]}, {"key": "agrees-to", "type": "clause", "offset": [1179, 1188]}, {"key": "completion-guarantees", "type": "clause", "offset": [1550, 1571]}, {"key": "by-lender", "type": "definition", "offset": [1581, 1590]}, {"key": "in-the-event", "type": "clause", "offset": [1644, 1656]}, {"key": "with-respect-to", "type": "clause", "offset": [1700, 1715]}, {"key": "to-receive", "type": "definition", "offset": [1810, 1820]}, {"key": "guaranty-fee", "type": "definition", "offset": [1825, 1837]}], "size": 2, "samples": [{"hash": "6CYbMGfLxmJ", "uri": "/contracts/6CYbMGfLxmJ#development-loan", "label": "Operating Agreement (Excel Legacy Corp)", "score": 18.0, "published": true}], "hash": "b0783a1b2ada56af8f37937cc27c84c1", "id": 3}, {"snippet": "20.5.1 Upon acquiring a participating interest, the Government may send notice to the other Licensee(s), requesting that the other Licensee(s) pay, in proportion to their respective participating interests, the Government\u201fs participating share (up to an aggregate participating share of fifteen percent (15%)) of all expenses incurred by the Licensee(s), Government, and/or the Appointee (and in case of the Government and/or the Appointee on behalf of the Licensee(s)) in relation to Petroleum Operations in the Development and Production Area after the approval of the Approved Development and Production Plan, which shall take the form of a Development Loan.\n20.5.2 The Licensee(s) shall, within sixty (60) days of receipt of the notice in accordance with Article 20.5.1, send notice to the Government confirming that it either:\n(a) approves the request and shall provide a Development Loan to help fund the Government's participating share of all expenses incurred in the Development and Production Area; or\n(b) reject the request, and confirm that it shall not provide a Development Loan to the Government to help fund its participating share of all expenses incurred in the Development and Production Area.\n20.5.3 For the avoidance of doubt, the Licensee(s) shall be under no obligation to provide a Development Loan to the Government in accordance with this Article 20.5.\n20.5.4 In the event that the Government is not able to fund its participating share of all expenses to be incurred in relation to Petroleum Operations in the Development and Production Area, the Government and/or Appointee will be required to relinquish its participating share in the Licence and its share shall be shared equally between the other Licensees pro rata to their current interest.", "snippet_links": [{"key": "the-government", "type": "clause", "offset": [48, 62]}, {"key": "notice-to-the", "type": "clause", "offset": [72, 85]}, {"key": "participating-interests", "type": "definition", "offset": [182, 205]}, {"key": "participating-share", "type": "definition", "offset": [224, 243]}, {"key": "expenses-incurred", "type": "clause", "offset": [317, 334]}, {"key": "in-case-of", "type": "clause", "offset": [393, 403]}, {"key": "on-behalf-of", "type": "definition", "offset": [440, 452]}, {"key": "in-relation-to", "type": "clause", "offset": [470, 484]}, {"key": "petroleum-operations", "type": "definition", "offset": [485, 505]}, {"key": "development-and-production-area", "type": "definition", "offset": [513, 544]}, {"key": "approval-of", "type": "definition", "offset": [555, 566]}, {"key": "approved-development-and-production-plan", "type": "definition", "offset": [571, 611]}, {"key": "form-of", "type": "clause", "offset": [634, 641]}, {"key": "receipt-of", "type": "clause", "offset": [718, 728]}, {"key": "the-notice", "type": "clause", "offset": [729, 739]}, {"key": "in-accordance-with", "type": "clause", "offset": [740, 758]}, {"key": "the-request", "type": "clause", "offset": [845, 856]}, {"key": "provide-a", "type": "definition", "offset": [867, 876]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1220, 1246]}, {"key": "no-obligation-to-provide", "type": "clause", "offset": [1279, 1303]}, {"key": "this-article", "type": "definition", "offset": [1360, 1372]}, {"key": "in-the-event", "type": "clause", "offset": [1386, 1398]}, {"key": "to-fund", "type": "definition", "offset": [1431, 1438]}, {"key": "expenses-to-be", "type": "clause", "offset": [1470, 1484]}, {"key": "the-licence", "type": "clause", "offset": [1660, 1671]}, {"key": "other-licensees", "type": "clause", "offset": [1722, 1737]}, {"key": "pro-rata", "type": "clause", "offset": [1738, 1746]}, {"key": "current-interest", "type": "definition", "offset": [1756, 1772]}], "size": 1, "samples": [{"hash": "VA3arCDD6Z", "uri": "/contracts/VA3arCDD6Z#development-loan", "label": "Joint Operating Agreement", "score": 31.0991649628, "published": true}], "hash": "ab5e60f443df91d194ca4afcd01c541f", "id": 4}, {"snippet": "12 2.2 The Notes.............................................................................13 2.3 Interest..............................................................................13 2.4", "snippet_links": [{"key": "the-notes", "type": "clause", "offset": [7, 16]}], "size": 1, "samples": [{"hash": "aJfAq7fcjqG", "uri": "/contracts/aJfAq7fcjqG#development-loan", "label": "Financing Agreement (Energy Partners LTD)", "score": 18.0, "published": true}], "hash": "31cbd6cac474e1f0066ec8dcc045d63b", "id": 5}, {"snippet": "To be Approved after clearing all loan balances including Emergency and School Fees. Development Loans include Development projects and Investment. Repayment Period up to 72 Months (Minimum shares capital is a must).", "snippet_links": [{"key": "loan-balances", "type": "clause", "offset": [34, 47]}, {"key": "school-fees", "type": "clause", "offset": [72, 83]}, {"key": "development-loans", "type": "definition", "offset": [85, 102]}, {"key": "development-projects", "type": "clause", "offset": [111, 131]}, {"key": "repayment-period", "type": "definition", "offset": [148, 164]}, {"key": "minimum-shares", "type": "clause", "offset": [182, 196]}], "size": 1, "samples": [{"hash": "7kY77vAaSXv", "uri": "/contracts/7kY77vAaSXv#development-loan", "label": "Loan Application and Agreement", "score": 25.4967880249, "published": true}], "hash": "8b4b15deabfca2468e93ce4fd47de669", "id": 6}, {"snippet": "At any time after January 1, [**] and prior to December 31, [**], IDEA may request from ALPHARMA, and ALPHARMA shall make, loans to IDEA totaling up to an aggregate principal amount outstanding at any one time of twenty million US dollars (US$20,000,000) so long as the aggregate principal amount borrowed from time to time does not exceed the aggregate expenditures previously made by IDEA in respect of the Specified Studies; provided that (i) IDEA shall give [**] days' notice of any drawdown it requests, and (ii) IDEA shall not be eligible for, and ALPHARMA shall not be required to make, any such loan after the milestone payments for the first and second milestones set forth in Section 3.2 have been paid to IDEA and IDEA shall repay the outstanding balance of any such loan (with interest thereon, as described below) immediately upon receipt of the second of such milestone payments (or, at ALPHARMA's option, ALPHARMA may withhold any such outstanding balance (with interest thereon, as described below) from the second of such milestone payments and apply such withheld amount to reduce such balance (and interest thereon). All outstanding loan amounts shall bear interest at an annual rate of annualized U.S. Dollar one month LIBOR + [**]%, compounded monthly. Such loans shall be with full recourse to IDEA and, if not due earlier, shall become due on December 31, [**]. From and after the date on which such loans become due, ALPHARMA shall have the right to withhold the outstanding balance of any such loan (including interest amounts) from any payment otherwise due from ALPHARMA to IDEA under this Agreement and apply such withheld amount to reduce such balance and interest thereon.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "after-january", "type": "clause", "offset": [12, 25]}, {"key": "prior-to-december", "type": "clause", "offset": [38, 55]}, {"key": "loans-to", "type": "clause", "offset": [123, 131]}, {"key": "aggregate-principal-amount-outstanding", "type": "definition", "offset": [155, 193]}, {"key": "from-time-to-time", "type": "clause", "offset": [306, 323]}, {"key": "in-respect-of", "type": "definition", "offset": [391, 404]}, {"key": "specified-studies", "type": "definition", "offset": [409, 426]}, {"key": "provided-that", "type": "definition", "offset": [428, 441]}, {"key": "notice-of-any", "type": "clause", "offset": [473, 486]}, {"key": "milestone-payments-for", "type": "clause", "offset": [618, 640]}, {"key": "section-32", "type": "clause", "offset": [686, 697]}, {"key": "outstanding-balance", "type": "clause", "offset": [746, 765]}, {"key": "with-interest", "type": "definition", "offset": [784, 797]}, {"key": "upon-receipt-of", "type": "definition", "offset": [839, 854]}, {"key": "withheld-amount", "type": "definition", "offset": [1073, 1088]}, {"key": "and-interest", "type": "clause", "offset": [1113, 1125]}, {"key": "loan-amounts", "type": "clause", "offset": [1152, 1164]}, {"key": "rate-of", "type": "clause", "offset": [1198, 1205]}, {"key": "month-libor", "type": "clause", "offset": [1233, 1244]}, {"key": "loans-shall", "type": "definition", "offset": [1279, 1290]}, {"key": "full-recourse", "type": "definition", "offset": [1299, 1312]}, {"key": "on-december", "type": "clause", "offset": [1363, 1374]}, {"key": "the-right-to-withhold", "type": "clause", "offset": [1461, 1482]}, {"key": "interest-amounts", "type": "definition", "offset": [1535, 1551]}, {"key": "this-agreement", "type": "clause", "offset": [1612, 1626]}], "size": 1, "samples": [{"hash": "1NqSJcZl0JB", "uri": "/contracts/1NqSJcZl0JB#development-loan", "label": "Exclusive License Agreement (Alpharma Inc)", "score": 21.0, "published": true}], "hash": "3f7a94ab36e9d1ff2e7063824980aca2", "id": 7}, {"snippet": "Subject to satisfaction of the conditions set forth in Sections 2.5 below, the Authority shall lend to Borrower the Development Loan to fund costs of constructing the Improvements as set forth in the Development Budget. Borrower shall not use the Development Loan for any other purpose without the prior written consent of the Authority. Borrower's obligation to repay the Development Loan is evidenced by the Note.", "snippet_links": [{"key": "subject-to", "type": "clause", "offset": [0, 10]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [11, 41]}, {"key": "to-borrower", "type": "definition", "offset": [100, 111]}, {"key": "the-development", "type": "clause", "offset": [112, 127]}, {"key": "costs-of", "type": "clause", "offset": [141, 149]}, {"key": "the-improvements", "type": "clause", "offset": [163, 179]}, {"key": "development-budget", "type": "definition", "offset": [200, 218]}, {"key": "borrower-shall", "type": "clause", "offset": [220, 234]}, {"key": "of-the-authority", "type": "clause", "offset": [320, 336]}, {"key": "obligation-to-repay", "type": "clause", "offset": [349, 368]}, {"key": "the-note", "type": "clause", "offset": [406, 414]}], "size": 1, "samples": [{"hash": "84SM2UP9UMj", "uri": "/contracts/84SM2UP9UMj#development-loan", "label": "Development Loan Agreement", "score": 26.0735168457, "published": true}], "hash": "c0e0685b29abab359f0a1a898b1c10b0", "id": 8}, {"snippet": "(a) Subject to the terms and conditions set forth in this Agreement, EIF agrees to make a loan to Borrower (the \"Chevron Financing\") in the principal amount of up to Eight Million Two Hundred Sixteen Thousand Two Hundred Fifty Dollars ($8,216,250) for the following purposes:\n(i) up to One Million Five Hundred Forty-One Thousand Two Hundred Fifty Dollars ($1,541,250) to finance cost of drilling and completing the first well (Well #6) on the Chevron Properties;\n(ii) up to One Million Three Hundred Seventy Thousand Dollars ($1,370,000) to be funded into escrow, to drill and complete the second well on the Chevron Properties;\n(iii) up to Two Hundred Thousand Dollars ($200,000) to provide Borrower with working capital;\n(iv) up to Two Hundred Thousand Dollars ($200,000) to pay EIF's costs and expenses;\n(v) up to One Hundred Fifty-Five Thousand Dollars ($155,000) to pay for insurance costs; and\n(vi) up to Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000) to finance the drilling of additional well\u2587 \u2587\u2587 the Chevron Properties.\n(b) Subject to the terms and conditions set forth in this Agreement, EIF agrees to make additional loans to Borrower (\"Additional Financings\") in the aggregate principal amount of up to Eleven Million Seven Hundred Eighty-Three Thousand Seven Hundred Fifty Dollars ($11,783,750) to finance costs relating to Borrower's obligations under the Proposed Oil and Gas Agreements that satisfy certain conditions set forth in Section 6.2 (\"Approved Transactions\") and a portion of Borrower's general administrative expenses. The Additional Financings and the Chevron Financing are collectively referred to as the \"Development Loan\" herein.\n(c) Upon (i) satisfaction of each of the conditions set forth in Article 6, and (ii) providing EIF with written notice not less than twenty (20) days prior to any Funding, the Development Loan may be funded through one or more Fundings to finance one or more Approved Transactions; provided however, that any amounts under the Development Loan which are not funded by April 1, 2000, will be canceled effective April 1, 2000. Each Additional Funding shall be documented by either an amendment to this Agreement or by a side letter between EIF and Borrower, at the discretion of EIF.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "in-this-agreement", "type": "definition", "offset": [50, 67]}, {"key": "agrees-to", "type": "clause", "offset": [73, 82]}, {"key": "loan-to-borrower", "type": "clause", "offset": [90, 106]}, {"key": "the-principal-amount", "type": "definition", "offset": [136, 156]}, {"key": "cost-of", "type": "clause", "offset": [380, 387]}, {"key": "complete-the", "type": "clause", "offset": [578, 590]}, {"key": "to-provide", "type": "clause", "offset": [682, 692]}, {"key": "working-capital", "type": "definition", "offset": [707, 722]}, {"key": "to-pay", "type": "clause", "offset": [775, 781]}, {"key": "costs-and-expenses", "type": "definition", "offset": [788, 806]}, {"key": "five-thousand", "type": "clause", "offset": [836, 849]}, {"key": "pay-for", "type": "definition", "offset": [872, 879]}, {"key": "insurance-costs", "type": "clause", "offset": [880, 895]}, {"key": "additional-well", "type": "definition", "offset": [1002, 1017]}, {"key": "loans-to-borrower", "type": "clause", "offset": [1145, 1162]}, {"key": "additional-financings", "type": "clause", "offset": [1165, 1186]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [1196, 1222]}, {"key": "finance-costs", "type": "definition", "offset": [1328, 1341]}, {"key": "relating-to", "type": "definition", "offset": [1342, 1353]}, {"key": "the-proposed", "type": "clause", "offset": [1383, 1395]}, {"key": "oil-and-gas-agreements", "type": "definition", "offset": [1396, 1418]}, {"key": "certain-conditions", "type": "clause", "offset": [1432, 1450]}, {"key": "section-62", "type": "clause", "offset": [1464, 1475]}, {"key": "approved-transactions", "type": "definition", "offset": [1478, 1499]}, {"key": "a-portion", "type": "definition", "offset": [1506, 1515]}, {"key": "administrative-expenses", "type": "definition", "offset": [1538, 1561]}, {"key": "satisfaction-of", "type": "clause", "offset": [1691, 1706]}, {"key": "the-conditions", "type": "clause", "offset": [1715, 1729]}, {"key": "article-6", "type": "definition", "offset": [1743, 1752]}, {"key": "written-notice", "type": "clause", "offset": [1782, 1796]}, {"key": "prior-to", "type": "clause", "offset": [1828, 1836]}, {"key": "the-development", "type": "clause", "offset": [1850, 1865]}, {"key": "provided-however", "type": "clause", "offset": [1960, 1976]}, {"key": "april-1", "type": "definition", "offset": [2046, 2053]}, {"key": "effective-april", "type": "clause", "offset": [2078, 2093]}, {"key": "additional-funding", "type": "definition", "offset": [2108, 2126]}, {"key": "agreement-or", "type": "definition", "offset": [2178, 2190]}, {"key": "side-letter", "type": "definition", "offset": [2196, 2207]}], "size": 1, "samples": [{"hash": "aJfAq7fcjqG", "uri": "/contracts/aJfAq7fcjqG#development-loan", "label": "Financing Agreement (Energy Partners LTD)", "score": 18.0, "published": true}], "hash": "3ad19277a1417addede07f51a69d8256", "id": 9}, {"snippet": "The City will make the City Development Loan to the Borrower in the amount of Three Million Six Hundred Forty Thousand Five Hundred Twenty-Two Dollars ($3,640,522) upon the terms and conditions and for the purposes set forth in this Agreement. The sources of funds for the City Development Loan consist of Two Million Four Hundred Fifty-Seven Thousand Seven Hundred Fifty Dollars ($2,457,750) in City of Livermore Housing Successor Agency Funds and One Million One Hundred Eighty-Eight Thousand Seven Hundred Seventy-Two Dollars ($1,182,772) in City of Livermore Housing Trust Funds, which collectively make up the City Development Loan. The City Development Loan shall be evidenced by the City Development Note which shall be dated as of the Closing Date and executed by \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 substantially in the form attached hereto as Exhibit C. Provided that \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 has complied with all conditions precedent to disbursement of the City Development Loan set forth in Section 4.6, the proceeds of the City Development Loan (\u201cDevelopment Loan Proceeds\u201d) shall be disbursed pursuant to approved draw requests as described in Section 4.9. The Parties agree that City shall disburse the Development Loan Proceeds only for the purpose of funding Project development costs, and repayments of the City Development Loan, City Predevelopment Loan and City Acquisition Loan shall be made on a pari passu basis until fully repaid.", "snippet_links": [{"key": "the-city-will", "type": "clause", "offset": [0, 13]}, {"key": "city-development", "type": "definition", "offset": [23, 39]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [40, 60]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [169, 193]}, {"key": "for-the-purposes", "type": "clause", "offset": [198, 214]}, {"key": "in-this-agreement", "type": "definition", "offset": [225, 242]}, {"key": "sources-of-funds", "type": "definition", "offset": [248, 264]}, {"key": "for-the-city", "type": "definition", "offset": [265, 277]}, {"key": "consist-of", "type": "clause", "offset": [295, 305]}, {"key": "city-of", "type": "clause", "offset": [396, 403]}, {"key": "agency-funds", "type": "definition", "offset": [432, 444]}, {"key": "trust-funds", "type": "definition", "offset": [571, 582]}, {"key": "loan-shall", "type": "definition", "offset": [659, 669]}, {"key": "by-the-city", "type": "clause", "offset": [683, 694]}, {"key": "development-note", "type": "definition", "offset": [695, 711]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [733, 755]}, {"key": "executed-by", "type": "clause", "offset": [760, 771]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [807, 833]}, {"key": "that-\u2587", "type": "clause", "offset": [846, 852]}, {"key": "conditions-precedent-to-disbursement", "type": "clause", "offset": [882, 918]}, {"key": "of-the-city", "type": "clause", "offset": [919, 930]}, {"key": "section-46", "type": "clause", "offset": [961, 972]}, {"key": "loan-proceeds", "type": "clause", "offset": [1030, 1043]}, {"key": "pursuant-to", "type": "definition", "offset": [1065, 1076]}, {"key": "draw-requests", "type": "clause", "offset": [1086, 1099]}, {"key": "section-49", "type": "clause", "offset": [1116, 1127]}, {"key": "the-parties-agree-that", "type": "clause", "offset": [1129, 1151]}, {"key": "city-shall", "type": "clause", "offset": [1152, 1162]}, {"key": "the-development", "type": "clause", "offset": [1172, 1187]}, {"key": "purpose-of-funding", "type": "clause", "offset": [1215, 1233]}, {"key": "project-development-costs", "type": "definition", "offset": [1234, 1259]}, {"key": "predevelopment-loan", "type": "definition", "offset": [1311, 1330]}, {"key": "acquisition-loan", "type": "definition", "offset": [1340, 1356]}, {"key": "pari-passu-basis", "type": "definition", "offset": [1376, 1392]}], "size": 1, "samples": [{"hash": "33d65ekTTEO", "uri": "/contracts/33d65ekTTEO#development-loan", "label": "Affordable Housing Loan Agreement", "score": 32.9267120361, "published": true}], "hash": "27b8da302ae1df59f35e2a315985b19a", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlkZXZlbG9wbWVudC1sb2FuIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["general-provisions", "GENERAL PROVISIONS"], ["work-obligations", "Work Obligations"], ["ring-fencing", "Ring-fencing"], ["defaults-and-remedies", "Defaults and Remedies"], ["city-financial-assistance", "City Financial Assistance"]], "size": 18, "children": [["interest-rate", "Interest Rate"], ["termination", "Termination"], ["terms-of-repayment", "Terms of Repayment"], ["use-of-proceeds", "Use of Proceeds"], ["further-disclaimer", "Further Disclaimer"]], "title": "Development Loan", "id": "development-loan", "related": [["development-phase", "Development Phase", "Development Phase"], ["development-costs", "Development Costs", "Development Costs"], ["research-project", "Research Project", "Research Project"], ["development-period", "Development Period", "Development Period"], ["development-of-the-project", "Development of the Project", "Development of the Project"]], "related_snippets": [], "updated": "2025-07-24T04:27:57+00:00"}, "json": true, "cursor": ""}}