{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "drafted-by", "type": "clause", "offset": [6, 16]}, {"key": "counsel-to", "type": "clause", "offset": [39, 49]}, {"key": "participating-holders", "type": "clause", "offset": [54, 75]}, {"key": "provided-that", "type": "definition", "offset": [77, 90]}, {"key": "senior-lien", "type": "clause", "offset": [95, 106]}, {"key": "first-lien-agent", "type": "definition", "offset": [146, 162]}, {"key": "definitive-documentation", "type": "definition", "offset": [168, 192]}, {"key": "second-lien-notes", "type": "clause", "offset": [201, 218]}, {"key": "the-credit-facility", "type": "clause", "offset": [261, 280]}, {"key": "effect-on-the", "type": "clause", "offset": [287, 300]}, {"key": "date-hereof", "type": "clause", "offset": [301, 312]}, {"key": "without-limitation", "type": "clause", "offset": [325, 343]}, {"key": "affirmative-covenants-and-negative-covenants", "type": "clause", "offset": [345, 389]}, {"key": "financial-maintenance-covenants", "type": "clause", "offset": [402, 433]}, {"key": "pdp-coverage-ratio", "type": "definition", "offset": [438, 456]}, {"key": "and-definitions", "type": "clause", "offset": [499, 514]}, {"key": "related-to", "type": "clause", "offset": [515, 525]}, {"key": "the-foregoing", "type": "clause", "offset": [533, 546]}, {"key": "agreed-and-understood", "type": "clause", "offset": [558, 579]}, {"key": "incurrence-tests", "type": "definition", "offset": [608, 624]}, {"key": "second-lien-debt", "type": "clause", "offset": [768, 784]}, {"key": "take-into-account", "type": "definition", "offset": [975, 992]}, {"key": "term-sheet", "type": "clause", "offset": [998, 1008]}, {"key": "the-issuer", "type": "clause", "offset": [1066, 1076]}, {"key": "nature-of-the", "type": "clause", "offset": [1115, 1128]}, {"key": "capital-markets", "type": "definition", "offset": [1155, 1170]}, {"key": "the-financing", "type": "clause", "offset": [1181, 1194]}, {"key": "due-regard", "type": "definition", "offset": [1202, 1212]}, {"key": "the-indentures", "type": "clause", "offset": [1216, 1230]}, {"key": "to-the-extent", "type": "clause", "offset": [1268, 1281]}, {"key": "provisions-to-be", "type": "clause", "offset": [1315, 1331]}, {"key": "approved-by", "type": "definition", "offset": [1346, 1357]}, {"key": "approval-of", "type": "definition", "offset": [1499, 1510]}, {"key": "the-holders", "type": "clause", "offset": [1511, 1522]}, {"key": "a-majority", "type": "definition", "offset": [1531, 1541]}, {"key": "principal-amount", "type": "definition", "offset": [1545, 1561]}, {"key": "in-addition", "type": "clause", "offset": [1589, 1600]}, {"key": "no-covenants", "type": "clause", "offset": [1602, 1614]}, {"key": "with-respect-to", "type": "clause", "offset": [1652, 1667]}, {"key": "the-covenants", "type": "clause", "offset": [1705, 1718]}, {"key": "restrictions-on", "type": "clause", "offset": [1834, 1849]}, {"key": "junior-debt", "type": "clause", "offset": [1850, 1861]}, {"key": "refer-to", "type": "clause", "offset": [1868, 1876]}, {"key": "facility-will", "type": "clause", "offset": [1996, 2009]}, {"key": "other-covenant", "type": "clause", "offset": [2073, 2087]}, {"key": "requested-by", "type": "definition", "offset": [2189, 2201]}, {"key": "in-the-event-the", "type": "clause", "offset": [2228, 2244]}, {"key": "restrictive-covenants", "type": "definition", "offset": [2376, 2397]}], "samples": [{"hash": "cfPqht8AcvW", "uri": "/contracts/cfPqht8AcvW#documentation-principles", "label": "Term Loan Credit Agreement (Northern Oil & Gas, Inc.)", "score": 29.2108154297, "published": true}, {"hash": "4j4BRboNJjS", "uri": "/contracts/4j4BRboNJjS#documentation-principles", "label": "Exchange Agreement (TRT Holdings Inc)", "score": 28.2600955963, "published": true}, {"hash": "kkF0alpXXfL", "uri": "/contracts/kkF0alpXXfL#documentation-principles", "label": "Exchange Agreement (Northern Oil & Gas, Inc.)", "score": 28.2162895203, "published": true}], "snippet": "To be drafted by \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587 LLP, counsel to the Participating Holders, provided that the Senior Lien ICA shall be drafted by counsel to the First Lien Agent. The definitive documentation for the Second Lien Notes shall be based upon the documentation for the Credit Facility as in effect on the date hereof (including, without limitation, affirmative covenants and negative covenants (other than financial maintenance covenants and PDP coverage ratio maintenance covenants), events of default and definitions related to any of the foregoing) (it being agreed and understood that any PDP coverage ratio incurrence tests shall be based upon the documentation for the Credit Facility as in effect on the date hereof, but will be measured off of both first lien and second lien debt and shall be reduced proportionally to account for being measured off of such first lien and second lien debt) with such changes as the Participating Holders shall reasonably agree and will take into account this Term Sheet, differences to reflect the changed capital structure of the Issuer and its subsidiaries, the second lien nature of the Second Lien Notes and the capital markets nature of the financing giving due regard to the Indentures (it being agreed and understood that to the extent the Credit Facility requires any provisions to be acceptable or approved by the First Lien Agent, the corresponding provisions in the definitive documentation for the Second Lien Notes shall require the acceptance or approval of the Holders holding a majority in principal amount of the Second Lien Notes). In addition, no covenants shall be more restrictive or onerous with respect to the Issuer and its subsidiaries than the covenants in the Credit Facility, other than to the extent to reflect the second lien nature of the Second Lien Notes (e.g., restrictions on junior debt shall refer to debt junior to the Second Lien Notes, rather than the Credit Facility) (it being agreed and understood that the Credit Facility will be amended to incorporate higher collateral thresholds and any other covenant in the Second Lien Notes that are more onerous or restrictive than the Credit Facility to the extent requested by the First Lien Agent and, in the event the First Lien Agent does not elect to incorporate such thresholds or covenants, such higher collateral thresholds and more onerous or restrictive covenants shall be permitted in the Second Lien Notes). This paragraph shall be referred to as the \u201cDocumentation Principles\u201d.", "size": 7, "hash": "7280bf6b99c1f282830cc67f32ce33df", "id": 1}, {"snippet_links": [{"key": "term-loan-documents", "type": "clause", "offset": [4, 23]}, {"key": "subject-to-the-agreed-security-principles", "type": "clause", "offset": [31, 72]}, {"key": "those-terms", "type": "clause", "offset": [86, 97]}, {"key": "term-sheet", "type": "clause", "offset": [131, 141]}, {"key": "the-fee-letter", "type": "clause", "offset": [146, 160]}, {"key": "usual-and-customary", "type": "definition", "offset": [217, 236]}, {"key": "first-lien", "type": "definition", "offset": [249, 259]}, {"key": "term-loan-facilities", "type": "definition", "offset": [282, 302]}, {"key": "services-company", "type": "definition", "offset": [360, 376]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [377, 399]}, {"key": "mutually-agreed", "type": "clause", "offset": [433, 448]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [465, 489]}, {"key": "plan-support-agreement", "type": "clause", "offset": [507, 529]}, {"key": "policies-of", "type": "definition", "offset": [569, 580]}, {"key": "the-administrative-agent", "type": "clause", "offset": [581, 605]}, {"key": "changes-in", "type": "definition", "offset": [617, 627]}, {"key": "regulatory-considerations", "type": "clause", "offset": [628, 653]}, {"key": "market-practice", "type": "definition", "offset": [655, 670]}, {"key": "accounting-standards", "type": "clause", "offset": [681, 701]}, {"key": "the-foregoing", "type": "clause", "offset": [703, 716]}], "samples": [{"hash": "bsGM1SAJwEj", "uri": "/contracts/bsGM1SAJwEj#documentation-principles", "label": "Plan Support Agreement (Diamond Offshore Drilling, Inc.)", "score": 32.0663909912, "published": true}], "snippet": "The Term Loan Documents shall, subject to the Agreed Security Principles, (a) contain those terms and conditions set forth in this Term Sheet and the Fee Letter and (b) otherwise contain terms and conditions that are usual and customary for similar first lien last out secured exit term loan facilities for offshore drilling companies or other global oilfield services company as of the Closing Date, subject to modifications, to be mutually agreed, to reflect (i) the terms and conditions set forth in the Plan Support Agreement and this Term Sheet, (ii) the internal policies of the Administrative Agent, and (iii) changes in regulatory considerations, market practice, law, and accounting standards (the foregoing, collectively, the \u201cDocumentation Principles\u201d).", "size": 2, "hash": "553983c422a045308cfe6ec1c8937f34", "id": 6}, {"snippet_links": [{"key": "first-lien-credit-facilities", "type": "definition", "offset": [16, 44]}, {"key": "credit-documentation", "type": "definition", "offset": [72, 92]}, {"key": "existing-credit-agreement", "type": "definition", "offset": [111, 136]}, {"key": "first-lien-term-loans", "type": "clause", "offset": 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[1092, 1107]}, {"key": "amounts-received", "type": "definition", "offset": [1173, 1189]}, {"key": "during-an-event-of-default", "type": "clause", "offset": [1190, 1216]}, {"key": "pursuant-to", "type": "definition", "offset": [1220, 1231]}, {"key": "insolvency-proceeding", "type": "clause", "offset": [1235, 1256]}, {"key": "in-connection-with", "type": "clause", "offset": [1260, 1278]}, {"key": "exercise-of-remedies", "type": "definition", "offset": [1283, 1303]}, {"key": "the-terms", "type": "definition", "offset": [1479, 1488]}, {"key": "covenants-and-events-of-default", "type": "clause", "offset": [1531, 1562]}, {"key": "term-sheet", "type": "clause", "offset": [1581, 1591]}, {"key": "annex-a", "type": "definition", "offset": [1626, 1633]}, {"key": "in-all-material-respects", "type": "definition", "offset": [1698, 1722]}, {"key": "modifications-to-the", "type": "clause", "offset": [1868, 1888]}, {"key": "capital-structure-of-the-company", "type": "clause", "offset": [1898, 1930]}, {"key": "the-transactions", "type": "clause", "offset": [1946, 1962]}, {"key": "give-effect-to", "type": "definition", "offset": [2000, 2014]}, {"key": "relate-to", "type": "definition", "offset": [2040, 2049]}, {"key": "changes-in-law", "type": "clause", "offset": [2112, 2126]}, {"key": "date-of", "type": "clause", "offset": [2137, 2144]}, {"key": "due-consideration", "type": "definition", "offset": [2198, 2215]}, {"key": "debt-incurred", "type": "clause", "offset": [2263, 2276]}, {"key": "prior-to", "type": "clause", "offset": [2277, 2285]}, {"key": "indebtedness-incurred", "type": "clause", "offset": [2331, 2352]}, {"key": "the-foregoing", "type": "clause", "offset": [2390, 2403]}], "samples": [{"hash": "k2K3x9AZEkp", "uri": "/contracts/k2K3x9AZEkp#documentation-principles", "label": "Transaction Support Agreement (Sinclair Broadcast Group, LLC)", "score": 36.036277771, "published": true}], "snippet": "\u2610 The First Out First Lien Credit Facilities are to be documented under credit documentation separate from the Existing Credit Agreement, but under the same credit agreement as the Second Out First Lien Term Loans and may be under the same credit agreement as any loans constituting Other First Out First Lien Debt, subject to intercreditor arrangements described herein and the Documentation Principles (as hereinafter defined). The First Out First Lien RCF (if any) may be documented under credit documentation separate from the First Lien Term Loans and Other First Out First Lien Debt (for the avoidance of doubt, Other First Out First Lien Debt may also take the form of bonds or notes, which shall be documented under separate arrangements). \u2610 One or more new collateral trust and intercreditor arrangements in form and substance consistent with Annex B attached hereto which shall provide, among other things, (i) First Lien Debt lien priority over Second Lien Debt and Third Lien Debt, respectively, (ii) First Out Debt priority over Second Out Debt as to the application of proceeds with respect to, and distributions made on account of (x) collateral and (y) any amounts received during an event of default or pursuant to an insolvency proceeding or in connection with the exercise of remedies including any acceleration under the First Lien Debt, and (iii) Second Lien Debt lien priority over Third Lien Debt. \u2610 The First Out First Lien Credit Facilities will contain the terms, conditions, representations, warranties, covenants and events of default contained in this Term Sheet (including the terms set forth in Annex A attached hereto) and will otherwise be substantially identical, in all material respects, with the Existing Credit Agreement, as modified to reflect (i) the terms set forth in this Term Sheet (including Annex A attached hereto), (ii) modifications to the existing capital structure of the Company as a result of the Transactions including exceptions that implement, give effect to, permit and/or otherwise relate to the Transactions, (iii) modifications to reflect any relevant changes in law since the date of the Existing Credit Agreement and (iv) the giving of due consideration to any terms in any Other First Out First Lien Debt incurred prior to or substantially concurrently with the other indebtedness incurred in connection with the Transactions (the foregoing is referred to herein, collectively, as the \u201cDocumentation Principles\u201d).", "size": 4, "hash": "af99f6efe9bea267b64932a853739211", "id": 2}, {"snippet_links": [{"key": "facility-shall", "type": "clause", "offset": [11, 25]}, {"key": "pursuant-to", "type": "definition", "offset": [89, 100]}, {"key": "bridge-facility-documents", "type": "definition", "offset": [118, 143]}, {"key": "consistent-with", "type": "clause", "offset": [192, 207]}, {"key": "term-sheet", "type": "clause", "offset": [229, 239]}, {"key": "form-and-substance", "type": "clause", "offset": [257, 275]}, {"key": "loan-parties", "type": "clause", "offset": [310, 322]}, {"key": "bridge-facility-lenders", "type": "definition", "offset": [340, 363]}], "samples": [{"hash": "iFWUBdSS9uE", "uri": "/contracts/iFWUBdSS9uE#documentation-principles", "label": "Restructuring Support Agreement (Ayr Wellness Inc.)", "score": 36.6276512146, "published": true}, {"hash": "jngG1V3rG8V", "uri": "/contracts/jngG1V3rG8V#documentation-principles", "label": "Restructuring Support Agreement (Ayr Wellness Inc.)", "score": 35.6002731323, "published": true}], "snippet": "The Bridge Facility shall be documented (this paragraph, the \u201cDocumentation Principles\u201d) pursuant to and evidenced by Bridge Facility Documents (as defined in the RSA), each of which shall be consistent with this Bridge Facility Term Sheet and otherwise in form and substance acceptable to the Bridge Facility Loan Parties and the Required Bridge Facility Lenders.", "size": 2, "hash": "954ebe047c73a89f9666c136c0f265e5", "id": 3}, {"snippet_links": [{"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [11, 49]}, {"key": "for-transactions", "type": "clause", "offset": [69, 85]}, {"key": "consistent-with-the", "type": "clause", "offset": [117, 136]}, {"key": "prepetition-credit-agreement", "type": "definition", "offset": [137, 165]}, {"key": "in-connection", "type": "definition", "offset": [204, 217]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [259, 291]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [307, 332]}, {"key": "the-loan-parties", "type": "definition", "offset": [344, 360]}, {"key": "chapter-11", "type": "definition", "offset": [377, 387]}, {"key": "in-accordance-with", "type": "clause", "offset": [388, 406]}, {"key": "the-plan-of-reorganization", "type": "clause", "offset": [407, 433]}, {"key": "term-sheet", "type": "clause", "offset": [458, 468]}, {"key": "subject-to-the-terms", "type": "clause", "offset": [474, 494]}, {"key": "other-adjustments", "type": "clause", "offset": [506, 523]}, {"key": "the-administrative-agent-and-the-borrower", "type": "clause", "offset": [540, 581]}, {"key": "market-updates", "type": "clause", "offset": [630, 644]}, {"key": "credit-facilities", "type": "definition", "offset": [660, 677]}, {"key": "with-respect-to", "type": "clause", "offset": [689, 704]}, {"key": "libor-provisions", "type": "clause", "offset": [715, 731]}, {"key": "beneficial-ownership-provisions", "type": "clause", "offset": [740, 771]}, {"key": "qfc-provisions", "type": "clause", "offset": [776, 790]}, {"key": "the-foregoing", "type": "clause", "offset": [792, 805]}], "samples": [{"hash": "7s5KpTil6e5", "uri": "/contracts/7s5KpTil6e5#documentation-principles", "label": "Commitment Letter", "score": 31.9631576538, "published": true}, {"hash": "5VGYZVlTGSK", "uri": "/contracts/5VGYZVlTGSK#documentation-principles", "label": "Commitment Letter (Tuesday Morning Corp/De)", "score": 29.8446273804, "published": true}], "snippet": "The Credit Agreement and the other Loan Documents shall be customary for transactions of this type and substantially consistent with the Prepetition Credit Agreement and the other loan documents executed in connection therewith as modified (a) to reflect the consummation of the transactions to occur on or prior to the Closing Date, including the Loan Parties\u2019 emergence from chapter 11 in accordance with the Plan of Reorganization and (b) to reflect this Term Sheet, and subject to the terms hereof and other adjustments as agreed to by the Administrative Agent and the Borrower. The Credit Agreement shall include appropriate market updates for syndicated credit facilities, including with respect to successor LIBOR provisions, FinCEN Beneficial Ownership provisions and QFC provisions. The foregoing provisions shall be referred to herein, collectively, as the \u201cDocumentation Principles\u201d.", "size": 2, "hash": "48a266a5a5dbe9a688ccfdfb73a712f0", "id": 4}, {"snippet_links": [{"key": "consistent-with", "type": "clause", "offset": [0, 15]}, {"key": "term-loan-credit-agreement", "type": "definition", "offset": [29, 55]}, {"key": "dated-as-of", "type": "definition", "offset": [56, 67]}, {"key": "the-parent", "type": "clause", "offset": [94, 104]}, {"key": "bank-of-america", "type": "definition", "offset": [123, 138]}, {"key": "the-administrative-agent", "type": "clause", "offset": [159, 183]}, {"key": "the-lenders", "type": "clause", "offset": [189, 200]}, {"key": "other-parties", "type": "definition", "offset": [205, 218]}, {"key": "from-time-to-time", "type": "clause", "offset": [219, 236]}, {"key": "as-amended", "type": "definition", "offset": [252, 262]}, {"key": "date-of", "type": "clause", "offset": [275, 282]}, {"key": "the-commitment-letter", "type": "clause", "offset": [283, 304]}, {"key": "exhibit-a", "type": "definition", "offset": [319, 328]}, {"key": "existing-credit-agreement", "type": "definition", "offset": [347, 372]}, {"key": "adjustments-to", "type": "clause", "offset": [387, 401]}, {"key": "to-the-extent", "type": "clause", "offset": [421, 434]}, {"key": "reasonably-necessary", "type": "clause", "offset": [435, 455]}, {"key": "policies-and-procedures", "type": "definition", "offset": [506, 529]}, {"key": "give-effect-to", "type": "definition", "offset": [605, 619]}, {"key": "the-merger", "type": "clause", "offset": [620, 630]}, {"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [679, 708]}, {"key": "after-giving", "type": "clause", "offset": [709, 721]}, {"key": "related-transactions", "type": "definition", "offset": [751, 771]}, {"key": "in-connection", "type": "definition", "offset": [808, 821]}], "samples": [{"hash": "i8ItnmFevNt", "uri": "/contracts/i8ItnmFevNt#documentation-principles", "label": "Consent and Waiver to Credit Agreement (Willis Group Holdings PLC)", "score": 26.9028072357, "published": true}, {"hash": "96DWIIjdNp8", "uri": "/contracts/96DWIIjdNp8#documentation-principles", "label": "Consent to Guaranty Agreement (Willis Group Holdings PLC)", "score": 26.9028072357, "published": true}], "snippet": "Consistent with that certain Term Loan Credit Agreement dated as of June 1, 2012 by and among the Parent, as the borrower, Bank of America (defined below), as the administrative agent, and the lenders and other parties from time to time party thereto (as amended through the date of the Commitment Letter to which this Exhibit A is attached, the \u201cExisting Credit Agreement\u201d), subject to adjustments to be mutually agreed to the extent reasonably necessary (a) to reflect the Administrative Agent\u2019s current policies and procedures, including policies concerning market standards, and (b) as applicable, to give effect to the Merger and the capital structure and operations of the Borrower and its subsidiaries after giving effect to the Merger and the related transactions and financings anticipated to occur in connection therewith (collectively, the \u201cDocumentation Principles\u201d).", "size": 2, "hash": "6cb2138060a654d93a8fac6e36600628", "id": 5}, {"snippet_links": [{"key": "exit-facility", "type": "definition", "offset": [4, 17]}, {"key": "first-lien-senior-secured", "type": "definition", "offset": [47, 72]}, {"key": "term-loan-credit-agreement", "type": "definition", "offset": [86, 112]}, {"key": "other-guarantee", "type": "definition", "offset": [117, 132]}, {"key": "security-and", "type": "clause", "offset": [134, 146]}, {"key": "relevant-documentation", "type": "clause", "offset": [153, 175]}, {"key": "the-terms-and-provisions", "type": "clause", "offset": [187, 211]}, {"key": "term-sheet", "type": "clause", "offset": [230, 240]}, {"key": "subject-to", "type": "clause", "offset": [242, 252]}, {"key": "changes-to", "type": "clause", 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