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"proceeds-of-the-loan", "type": "clause", "offset": [6570, 6590]}, {"key": "in-accordance-with", "type": "definition", "offset": [6645, 6663]}, {"key": "terms-of-the", "type": "clause", "offset": [6668, 6680]}, {"key": "the-acquired-assets", "type": "clause", "offset": [6746, 6765]}, {"key": "form-and-substance", "type": "clause", "offset": [6770, 6788]}, {"key": "descriptive-materials", "type": "definition", "offset": [6858, 6879]}, {"key": "collateral-agency-agreement", "type": "clause", "offset": [6975, 7002]}, {"key": "other-approvals", "type": "definition", "offset": [7289, 7304]}, {"key": "inspection-reports", "type": "definition", "offset": [7306, 7324]}, {"key": "reasonably-request", "type": "definition", "offset": [7393, 7411]}, {"key": "borrowing-base-certificate", "type": "clause", "offset": [7446, 7472]}, {"key": "inventory-report", "type": "clause", "offset": [7499, 7515]}, {"key": "in-addition", "type": "clause", "offset": [7537, 7548]}, {"key": "inspection-of", "type": "clause", "offset": [7607, 7620]}, {"key": "the-business", "type": "clause", "offset": [7621, 7633]}, {"key": "assets-of-the-borrower", "type": "clause", "offset": [7650, 7672]}, {"key": "provide-the", "type": "clause", "offset": [7696, 7707]}, {"key": "information-which", "type": "clause", "offset": [7733, 7750]}], "samples": [{"hash": "gIQBv1ZKEKq", "uri": "/contracts/gIQBv1ZKEKq#documents-etc", "label": "Loan Agreement (Air T Inc)", "score": 28.0650234222, "published": true}], "size": 4, "snippet": "The Borrower has delivered, or will deliver, to the Lenders before the Loan is made, the following documents (this Agreement together with each of the following defined documents and each other instrument, document, guaranty, mortgage, deed of trust, chattel mortgage, pledge, consent, assignment, contract, security agreement, lease, financing statement, patent, trademark or copyright registration, subordination agreement, trust account agreement, hedge agreement, or other agreement executed and delivered by Borrower with respect to this Agreement or to create or perfect any Lien in any collateral securing the payment of the Loans (collectively the \u201cCollateral\u201d) (in each case as originally executed and as amended, modified or supplemented from time to time) being sometimes hereinafter referred to collectively as the \u201cLoan Documents\u201d and individually as a \u201cLoan Document\u201d) and other items, all containing or to contain provisions acceptable to the Lenders and their respective counsel:\n(i) a promissory note dated as of even date herewith in the original principal amount of up to TWO MILLION ONE HUNDRED THOUSAND AND NO/100THS DOLLARS ($2,100,000) (such promissory note together with each renewal, replacement or substitute note therefor being the \u201cPSB Note\u201d) in the form attached hereto as Exhibit A-1, duly executed by the Borrower; and (ii) a promissory note dated as of even date herewith in the original principal amount of up to FOUR HUNDRED THOUSAND AND NO/100THS DOLLARS ($400,000) (such promissory note together with each renewal, replacement or substitute note therefor being the \u201cMBT Note\u201d; and together with the PSB Note being sometimes collectively referred to herein as the \u201cNotes\u201d and individually as a \u201cNote\u201d) in the form provided by the Lender, duly executed by the Borrower;\n(b) a security agreement (as amended, modified, replaced or restated from time to time, the \u201cSecurity Agreement\u201d) in the form provided by the Collateral Agent and duly executed by the Borrower granting to the Collateral Agent for the benefit of itself and for the ratable benefit of the Lenders a Lien in the Collateral described therein to secure repayment of the Loan and all other Obligations together with Uniform Commercial Code Standard Form UCC Financing Statements and all such other documents as may be deemed necessary by Collateral Agent to perfect the Collateral Agent\u2019s Liens in such Collateral, and UCC and other searches from the filing offices in all states and the International Registry as may be required by the Collateral Agent which reflect that no other Person holds a prior Lien in any such Collateral except as permitted by Section 8(a);\n(c) a certificate by an officer of the Borrower certifying the names of the officers of the Borrower authorized to sign the Loan Documents to which the Borrower is a party on behalf of the Borrower together with: (i) a sample of the true signatures of such officers; (ii) resolutions of the sole member of the Borrower authorizing the execution, delivery and performance of the Loan Documents to which the Borrower is a party; and (iii) copies of the Borrower\u2019s Certificate of Formation, together with all amendments thereto, certified by the appropriate governmental official of the jurisdiction of its organization as of a date acceptable to the Lender, and the limited liability company agreement of the Borrower together with all amendments thereto;\n(d) evidence of Good Standing for the Borrower of recent date issued by the Secretaries of State of (i) the State of Delaware; and (ii) the State of Arizona;\n(e) evidence of insurance required by any Loan Document;\n(f) a non-refundable fee in the amount of $31,500, payable to PSB in immediately available funds\n(g) a non-refundable fee in the amount of $6,000, payable to MBT in immediately available funds;\n(h) evidence of insurance required by any Loan Document;\n(i) a closing certificate, in the form provided by Lender, duly executed by a manager or officer of the Borrower;\n(j) a true, correct and complete copy of the Airframe Sale and Purchase Agreement, dated on or about January 18, 2019, by and between Borrower and Contrail, together with true, correct and complete copies of each of the other documents described on Schedule 1(j) attached hereto and incorporated herein by reference (the \u201cAirframe Purchase Agreement\u201d), together with the other documents listed on Schedule 1(j) being sometimes hereinafter referred to as an \u201cAirframe Transaction Document\u201d and collectively as the \u201cAirframe Transaction Documents\u201d) pursuant to which the Borrower is acquiring (the \u201cAirframe Acquisition\u201d) from Contrail a used Boeing 737-700 Airframe bearing MSN 30741 and related parts and documents (collectively, the \u201cAcquired Assets\u201d);\n(k) a Collateral Assignment of Purchase Agreement document pursuant to which Borrower collaterally assigns its right, title and interest to the Airframe Purchase Agreement and the other Airframe Transaction Documents to the Collateral Agent, in the form provided by the Lender, duly executed by Borrower;\n(l) a true, correct and complete copy of the Aircraft Disassembly Agreement, dated on or about January 2, 2019, by and between Borrower and Jet Yard (the \u201cDisassembly Agreement\u201d), pursuant to which Jet Yard agrees to disassemble the Airframe into parts and prepare the constituent parts for sale;\n(m) a true, correct and complete copy of that certain Consignment Agreement dated on or about January 18, 2019 by and between Borrower and Airco (the \u201cConsignment Agreement\u201d), pursuant to which Airco agrees to sell the disassembled Airframe parts on behalf of Borrower;\n(n) separate Bailee Agreement documents, each in the form provided by Collateral Agent, duly executed by Jet Yard and Airco, regarding Collateral that may from time to time be located at each such Persons\u2019 facilities;\n(o) a statement summarizing the flow of funds required to consummate the Airframe Acquisition, acceptable to Lenders, in their sole discretion;\n(p) evidence satisfactory to the Lenders that: (i) all conditions precedent to the consummation of the Airframe Acquisition have been satisfied or waived, including, without limitation, evidence that all necessary regulatory approvals to the consummation of the Airframe Acquisition have been obtained; (iii) no litigation exists relating to the Airframe Acquisition; (iv) all of the\n(q) confirmation that all of such Acquired Assets have been delivered in acceptable condition to Jet Yard\u2019s facility in Marana, Arizona; and (v) contemporaneously with the Borrower\u2019s receipt of the proceeds of the Loan, the Airframe Acquisition will be consummated in full in accordance with the terms of the Airframe Transaction Documents;\n(r) a final inspection report of the Acquired Assets, in form and substance acceptable to the Lenders, confirming that all parts included in the descriptive materials previously provided by the Borrower to the Lenders are actually present on the Airframe;\n(s) a Collateral Agency Agreement (such Collateral Agency Agreement, as it may be amended, modified, supplemented, restated or replaced from time to time, being the \u201cCollateral Agency Agreement\u201d), by and among the Lenders and MBT, in its capacity as collateral agent (in such capacity, the \u201cCollateral Agent\u201d); and such other approvals, inspection reports, appraisals, certificates, opinions or documents as the Lenders may reasonably request, including, without limitation, a Borrowing Base Certificate, together with a detailed inventory report as of a recent date. In addition, the Lenders or their agent(s) shall have completed their inspection of the business, operations and assets of the Borrower, and such survey shall provide the Lenders with results and information which, in the Lenders\u2019 determination, are satisfactory to the Lenders.", "hash": "d0f74b71baf507df502170fd5be9180b", "id": 9}, {"snippet_links": [{"key": "deliver-to", "type": "definition", "offset": [19, 29]}, {"key": "the-administrative-agent", "type": "clause", "offset": [30, 54]}, {"key": "an-agent", "type": "clause", "offset": [59, 67]}, {"key": "transfer-or-assignment", "type": "clause", "offset": [154, 176]}, {"key": "all-documents", "type": "definition", "offset": [178, 191]}, {"key": "chattel-paper", "type": "definition", "offset": [196, 209]}, {"key": "rights-to-payment", "type": "clause", "offset": [225, 242]}, {"key": "at-any-time", "type": "clause", "offset": [243, 254]}, {"key": "promissory-notes", "type": "clause", "offset": [268, 284]}, {"key": "other-instruments", "type": "definition", "offset": [307, 324]}, {"key": "pursuant-to", "type": "clause", "offset": [358, 369]}, {"key": "section-3", "type": "definition", "offset": [375, 384]}, {"key": "each-case", "type": "definition", "offset": [389, 398]}, {"key": "threshold-amount", "type": "definition", "offset": [430, 446]}, {"key": "provided-that", "type": "definition", "offset": [448, 461]}, {"key": "in-no-event-shall", "type": "clause", "offset": [462, 479]}, {"key": "aggregate-amount", "type": "definition", "offset": [484, 500]}, {"key": "reasonable-request", "type": "definition", "offset": [606, 624]}, {"key": "the-grantors", "type": "clause", "offset": [654, 666]}, {"key": "agent-shall", "type": "definition", "offset": [750, 761]}], "samples": [{"hash": "7pJVqC5E21b", "uri": "/contracts/7pJVqC5E21b#documents-etc", "label": "Security Agreement (Pear Therapeutics, Inc.)", "score": 33.238193512, "published": true}, {"hash": "3Tp7ehGfB0p", "uri": "/contracts/3Tp7ehGfB0p#documents-etc", "label": "Security Agreement (Pear Therapeutics, Inc.)", "score": 33.238193512, "published": true}, {"hash": "a2SeOYuYfFa", "uri": "/contracts/a2SeOYuYfFa#documents-etc", "label": "Security Agreement (Thimble Point Acquisition Corp.)", "score": 30.5373039246, "published": true}], "size": 3, "snippet": "Each Grantor shall deliver to the Administrative Agent, or an agent designated by it, appropriately endorsed or accompanied by appropriate instruments of transfer or assignment, all Documents and Chattel Paper, and all other Rights to Payment at any time evidenced by promissory notes, trade acceptances or other instruments, not already delivered hereunder pursuant to this Section 3, in each case for an amount in excess of the Threshold Amount (provided that in no event shall the aggregate amount of any such Documents Chattel Paper not delivered to the Administrative Agent exceed $500,000). Upon the reasonable request of the Administrative Agent, the Grantors shall \u2587\u2587\u2587\u2587 all Documents and Chattel Paper with such legends as the Administrative Agent shall reasonably specify.", "hash": "ae1849e784c8c7074fd7acdb098864b3", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZkb2N1bWVudHMtZXRjIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["management-agreement", "Management  Agreement"], ["", ""], ["earnout-guaranty", "Earnout Guaranty"], ["location-of-chief-executive-office-and-collateral", "Location of Chief Executive Office and Collateral"], ["locations-of-books", "Locations of Books"]], "size": 134, "title": "Documents, Etc", "parents": [["proprietary-rights", "Proprietary Rights"], ["perfection-and-priority", "Perfection and Priority"], ["buyers-performance", "Buyers Performance"], ["covenants", "COVENANTS"], ["security-interest", "Security Interest"]], "id": "documents-etc", "related": [["agreements-etc", "Agreements, Etc", "Agreements, Etc"], ["loan-documents-etc", "Loan Documents, etc", "Loan <strong>Documents, etc</strong>"], ["other-agreements-etc", "OTHER AGREEMENTS, ETC", "OTHER AGREEMENTS, ETC"], ["financing-statements-etc", "Financing Statements, Etc", "Financing Statements, Etc"], ["amendments-supplements-etc", "Amendments, Supplements, Etc", "Amendments, Supplements, Etc"]], "related_snippets": [], "updated": "2026-03-07T06:14:21+00:00"}, "json": true, "cursor": ""}}