{"component": "clause", "props": {"groups": [{"samples": [{"hash": "73h3kyNoVqR", "uri": "/contracts/73h3kyNoVqR#draw-request", "label": "Home Construction/Permanent Loan Agreement", "score": 23.6639289856, "published": true}, {"hash": "6Cd0eANNSOe", "uri": "/contracts/6Cd0eANNSOe#draw-request", "label": "Forgivable Construction/Permanent Loan Agreement", "score": 23.1752223969, "published": true}, {"hash": "ikymbyvoyXd", "uri": "/contracts/ikymbyvoyXd#draw-request", "label": "Forgivable Construction/Permanent Loan Agreement", "score": 23.164270401, "published": true}], "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [16, 34]}, {"key": "subject-to-the", "type": "definition", "offset": [53, 67]}, {"key": "other-requirements", "type": "clause", "offset": [68, 86]}, {"key": "proceeds-of-the-loan", "type": "clause", "offset": [132, 152]}, {"key": "to-the-city", "type": "definition", "offset": [203, 214]}, {"key": "properly-completed", "type": "definition", "offset": [217, 235]}, {"key": "by-the-city", "type": "clause", "offset": [270, 281]}, {"key": "general-contractor", "type": "clause", "offset": [301, 319]}, {"key": "payment-request", "type": "clause", "offset": [322, 337]}, {"key": "approved-by", "type": "definition", "offset": [360, 371]}, {"key": "other-documents", "type": "definition", "offset": [405, 420]}, {"key": "from-time-to-time", "type": "clause", "offset": [504, 521]}, {"key": "no-failure-or-delay", "type": "clause", "offset": [523, 542]}, {"key": "of-the-city", "type": "clause", "offset": [555, 566]}, {"key": "to-waive", "type": "clause", "offset": [643, 651]}, {"key": "documents-and-information", "type": "clause", "offset": [690, 715]}, {"key": "draw-requests", "type": "clause", "offset": [733, 746]}, {"key": "certification-of-completion", "type": "definition", "offset": [803, 830]}, {"key": "the-architect", "type": "clause", "offset": [836, 849]}, {"key": "the-\u2587", "type": "clause", "offset": [860, 865]}, {"key": "receipt-of-a", "type": "clause", "offset": [905, 917]}, {"key": "certificate-of-occupancy", "type": "definition", "offset": [918, 942]}, {"key": "release-of-liens", "type": "clause", "offset": [944, 960]}, {"key": "final-cost-certification", "type": "definition", "offset": [965, 989]}, {"key": "as-approved", "type": "definition", "offset": [990, 1001]}, {"key": "the-project-architect", "type": "clause", "offset": [1005, 1026]}], "size": 26, "snippet": "At such time as the Borrower shall desire to obtain, subject to the other requirements hereof, a disbursement of any portion of the proceeds of the Loan, the Borrower shall complete, execute and deliver to the City a properly completed draw request in a form designated by the City, together with the General Contractor's Payment Request which shall have been approved by the City's Inspector and by such other documents as the City may request (\"Draw Request\"), all in such form as the City may require from time to time. No failure or delay on the part of the City to require any such documents or information shall operate in any way so as to waive the City's rights to require all such documents and information at a later time. Draw requests will occur no more often than monthly, only with proper certification of completion from the Architect, and with the \u2587\u2587\u2587\u2587\u2587 \u2587% retainage being paid only after receipt of a Certificate of Occupancy, Release of Liens and Final Cost Certification as approved by the project architect.", "hash": "a5d97e4f87a22c2fa71fa0b3aa84150a", "id": 1}, {"samples": [{"hash": "5up24FZ23Xj", "uri": "/contracts/5up24FZ23Xj#draw-request", "label": "Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)", "score": 21.5119781494, "published": true}, {"hash": "ct8j7Rt8tiR", "uri": "/contracts/ct8j7Rt8tiR#draw-request", "label": "Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [16, 34]}, {"key": "deliver-to", "type": "definition", "offset": [105, 115]}, {"key": "funding-request", "type": "definition", "offset": [162, 177]}, {"key": "form-of", "type": "clause", "offset": [195, 202]}, {"key": "each-borrower", "type": "clause", "offset": [287, 300]}, {"key": "payments-for", "type": "clause", "offset": [383, 395]}, {"key": "cost-statement", "type": "clause", "offset": [469, 483]}, {"key": "by-the-borrower", "type": "clause", "offset": [551, 566]}, {"key": "all-items", "type": "definition", "offset": [597, 606]}, {"key": "amounts-to-be-paid", "type": "clause", "offset": [684, 702]}, {"key": "to-the-contractor", "type": "clause", "offset": [703, 720]}, {"key": "the-construction-contract", "type": "clause", "offset": [727, 752]}, {"key": "application-and-certificate-for-payment", "type": "definition", "offset": [817, 856]}, {"key": "by-the-lender", "type": "clause", "offset": [901, 914]}, {"key": "the-contractor-and-the", "type": "clause", "offset": [948, 970]}, {"key": "total-amount", "type": "definition", "offset": [1097, 1109]}, {"key": "purchase-order", "type": "definition", "offset": [1133, 1147]}, {"key": "date-of", "type": "clause", "offset": [1224, 1231]}, {"key": "amount-to-be-paid", "type": "clause", "offset": [1258, 1275]}, {"key": "the-advance", "type": "clause", "offset": [1297, 1308]}, {"key": "certificate-of-the-borrower", "type": "definition", "offset": [1437, 1464]}, {"key": "items-of-cost", "type": "clause", "offset": [1617, 1630]}, {"key": "covered-by", "type": "definition", "offset": [1631, 1641]}, {"key": "indirect-costs", "type": "definition", "offset": [1716, 1730]}, {"key": "schedule-ii", "type": "definition", "offset": [1823, 1834]}, {"key": "costs-covered", "type": "clause", "offset": [1942, 1955]}, {"key": "lien-waivers", "type": "definition", "offset": [1977, 1989]}, {"key": "materials-supplied", "type": "definition", "offset": [2078, 2096]}, {"key": "pursuant-to-the", "type": "clause", "offset": [2125, 2140]}, {"key": "written-request", "type": "clause", "offset": [2176, 2191]}, {"key": "changes-in", "type": "definition", "offset": [2227, 2237]}, {"key": "plans-and-specifications", "type": "definition", "offset": [2242, 2266]}, {"key": "the-project-budget", "type": "clause", "offset": [2268, 2286]}, {"key": "disbursement-schedule", "type": "definition", "offset": [2292, 2313]}, {"key": "the-construction-schedule", "type": "clause", "offset": [2317, 2342]}, {"key": "copies-of-all", "type": "definition", "offset": [2348, 2361]}, {"key": "change-orders-and-construction-change-directives", "type": "clause", "offset": [2362, 2410]}, {"key": "order-summary", "type": "definition", "offset": [2436, 2449]}, {"key": "prepared-by", "type": "clause", "offset": [2450, 2461]}, {"key": "to-the-extent", "type": "clause", "offset": [2525, 2538]}, {"key": "requested-by", "type": "definition", "offset": [2539, 2551]}, {"key": "reports-and-other-documents", "type": "clause", "offset": [2590, 2617]}, {"key": "relating-to", "type": "definition", "offset": [2618, 2629]}, {"key": "construction-of-the-improvements", "type": "definition", "offset": [2634, 2666]}, {"key": "inspection-report", "type": "definition", "offset": [2737, 2754]}, {"key": "other-information", "type": "definition", "offset": [2769, 2786]}, {"key": "reasonably-request", "type": "definition", "offset": [2841, 2859]}], "size": 12, "snippet": "At such time as the Borrower shall desire to obtain an Advance, the Borrower shall complete, execute and deliver to the Lender the Borrower's Requisition and the Funding Request Documents in the form of Exhibit \u201cG\u201d attached hereto (hereinafter referred to as \"Bor\u00adrower's Requisition\"). Each Borrower's Requisition shall be accompanied by:\n(a) If the Borrower's Requisition includes payments for Direct Costs, it shall be accompanied by a completed and itemized Direct Cost Statement in the form of Schedule I of Exhibit \u201cG\u201d attached hereto, executed by the Borrower, \u00ad together with invoices for all items of Direct Cost covered thereby; .\n(b) If the Borrower's Requisition includes amounts to be paid to the Contractor under the Construction Contract, it shall be accompanied by: (i) a completed and fully itemized Application and Certificate for Payment (AIA Document G702 or similar form approved by the Lender) containing the certification of the Contractor and the Borrower's Architect as to the accuracy of same, and showing all subcontractors and materialmen by name and trade or job, the total amount of each subcontract or purchase order, the amount theretofore paid to each subcontractor or materialman as of the date of such application, and the amount to be paid from the proceeds of the Advance to each subcontractor and materialman; (ii) a certificate of the Contractor in the form of Exhibit \u201cH\u201d attached hereto; (iii) a certificate of the Borrower's Architect in the form of Exhibit \u201cI\u201d attached hereto; and (iv) copies of requisitions and invoices from subcontractors and materialmen supporting all items of cost covered by such application;\n(c) If the Borrower's Requisition includes payments for Indirect Costs, it shall be accompanied by a completed and itemized Indirect Cost Statement in the form of Schedule II of Exhibit \u201cG\u201d attached hereto, executed by the Borrower, together with invoices for all items of Indirect Costs covered thereby;\n(d) written lien waivers from the Contractor and such laborers, subcontractors and materialmen for work done and materials supplied by them which were paid for pursuant to the next preceding Draw Request;\n(e) a written request of the Borrower for any neces\u00adsary changes in the Plans and Specifications, the Project Budget, the Disbursement Schedule or the Construction Schedule;\n(f) copies of all change orders and construction change directives, accompanied by a change order summary prepared by and executed by the Borrower, copies of all subcontracts, and, to the extent requested by the Lender, of all inspection or test reports and other documents relating to the construction of the Improvements, not previously delivered to the Lender;\n(g) copy of the Construction Inspection Report; and\n(h) such other information, documentation and certi\u00adfication as the Lender shall reasonably request.", "hash": "573366a4acb768570cce63ab6b659d80", "id": 3}, {"samples": [{"hash": "hvPGauJWREX", "uri": "/contracts/hvPGauJWREX#draw-request", "label": "Revolving Credit Construction Loan Agreement (Wci Communities Inc)", "score": 21.0, "published": true}, {"hash": "hfpfjqPcmTV", "uri": "/contracts/hfpfjqPcmTV#draw-request", "label": "Construction Loan 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true}], "snippet_links": [{"key": "properly-completed", "type": "definition", "offset": [25, 43]}, {"key": "written-application", "type": "definition", "offset": [57, 76]}, {"key": "by-borrower", "type": "clause", "offset": [77, 88]}, {"key": "administrative-agent", "type": "definition", "offset": [92, 112]}, {"key": "form-of", "type": "clause", "offset": [120, 127]}, {"key": "form-satisfactory", "type": "clause", "offset": [157, 174]}, {"key": "loan-proceeds", "type": "definition", "offset": [256, 269]}, {"key": "and-other-documents", "type": "clause", "offset": [414, 433]}, {"key": "and-information", "type": "clause", "offset": [448, 463]}, {"key": "business-days", "type": "definition", "offset": [520, 533]}, {"key": "date-of", "type": "clause", "offset": [555, 562]}, {"key": "each-advance", "type": "clause", "offset": [563, 575]}, {"key": "the-budget", "type": "definition", "offset": [587, 597]}, {"key": "borrower-shall", "type": "clause", "offset": [641, 655]}, {"key": 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"representations-and-warranties-in-the-loan-documents", "type": "clause", "offset": [1564, 1616]}, {"key": "true-and-correct", "type": "clause", "offset": [1624, 1640]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [1650, 1674]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [1739, 1766]}, {"key": "conditions-to-the-advance", "type": "clause", "offset": [1810, 1835]}, {"key": "not-evidence", "type": "clause", "offset": [1848, 1860]}, {"key": "required-by", "type": "definition", "offset": [1872, 1883]}, {"key": "executed-by", "type": "definition", "offset": [1964, 1975]}, {"key": "all-schedules", "type": "clause", "offset": [2044, 2057]}, {"key": "information-submitted", "type": "clause", "offset": [2157, 2178]}, {"key": "complete-and-correct", "type": "clause", "offset": [2204, 2224]}, {"key": "in-all-respects", "type": "clause", "offset": [2230, 2245]}, {"key": "applicable-to", "type": "clause", "offset": [2307, 2320]}, {"key": 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[3967, 3980]}, {"key": "the-initial-advance", "type": "clause", "offset": [4008, 4027]}, {"key": "date-hereof", "type": "clause", "offset": [4109, 4120]}], "size": 6, "snippet": "A \u201cDraw Request\u201d means a properly completed and executed written application by Borrower to Administrative Agent in the form of Exhibit \u201cF-1\u201d (or in another form satisfactory to Administrative Agent) setting forth the amount of Up-Front Equity Cash and/or Loan Proceeds desired, together with the related AIA Document G-702 and G-703 and such schedules, affidavits, releases, waivers, statements, invoices, bills, and other documents, certificates and information satisfactory to Administrative Agent. At least ten (10) Business Days before the requested date of each advance made under the Budget from the Up-Front Equity Cash or the Loan, Borrower shall deliver a Draw Request to Administrative Agent. Borrower shall be entitled to an advance only in an amount approved by Administrative Agent in accordance with the terms of this Agreement and the Loan Documents. Except as expressly set forth below in this Section 1, Lenders shall not be required to make advances more frequently than once each calendar month. Lenders shall, only upon the satisfaction, as determined by Administrative Agent in its sole discretion, of all applicable conditions of this Agreement and the Loan Documents, be required to make the requested advance to Borrower on a Funding Date which is a Business Day within ten (10) Business Days after such satisfaction. Each Draw Request, and Borrower\u2019s acceptance of any advance, shall be deemed to ratify and confirm, as of the date of the Draw Request and the advance, respectively, that, except as specified in the Draw Request, (a) all representations and warranties in the Loan Documents remain true and correct, and all covenants and agreements in the Loan Documents remain satisfied, (b) there is no uncured Default or Event of Default existing under the Loan Documents, (c) all conditions to the advance, whether or not evidence thereof is required by Administrative Agent, are satisfied, (d) the AIA Document G-702 and G-703 forms executed by each contractor and approved by Borrower\u2019s architect, together with all schedules, affidavits, releases, waivers, statements, invoices, bills, and other documents, certificates and information submitted for the Draw Request are complete and correct, and in all respects what they purport and appear to be for the amount and period applicable to the Draw Request, (e) all advances previously made to Borrower were disbursed, and the proceeds of the advance requested in the Draw Request will immediately be disbursed, for payments of the costs and expenses specified in the Budget for which the advances were made, and for no other purpose, (f) after the advance, all obligations for work and other costs heretofore incurred by Borrower in connection with the Project and which are due and payable will be fully paid and satisfied and (g) any unadvanced portion of the Loan to which Borrower is entitled, plus the portions of the Aggregate Cost that are to be paid by Borrower from other funds that, to Administrative Agent\u2019s satisfaction, are available, set aside and committed, is or will be sufficient to pay the actual unpaid Aggregate Cost. Notwithstanding anything to the contrary contained in the foregoing: (1) in the event that during any calendar month in which Borrower has already requested and received an advance, Borrower submits to Administrative Agent a Draw Request for an additional advance (each an \u201cAdditional Monthly Advance\u201d) and such Additional Monthly Advance is solely for the payment of costs and expenses associated with the construction of the roof of the Improvements, Lenders shall make such Additional Monthly Advance provided that (i) Administrative Agent, in its sole and absolute discretion, has approved of such Additional Monthly Advance; and (ii) Borrower has satisfied all conditions in this Agreement for the making of an advance with respect to such Additional Monthly Advance; and (2) Lenders shall be required to make one Additional Monthly Advance within thirty (30) days of the making of the Initial Advance (it being acknowledged that the making of the Initial Advance shall occur on the 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