{"component": "clause", "props": {"groups": [{"size": 13, "snippet": "The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.", "samples": [{"hash": "eI2cMM6FNRy", "uri": "/contracts/eI2cMM6FNRy#existing-facility", "label": "Credit Agreement (Tuesday Morning Corp/De)", "score": 21.0, "published": true}, {"hash": "8XuAURlYqmp", "uri": "/contracts/8XuAURlYqmp#existing-facility", "label": "Credit Agreement (Tuesday Morning Corp/De)", "score": 21.0, "published": true}, {"hash": "5xlBrVTh6zQ", "uri": "/contracts/5xlBrVTh6zQ#existing-facility", "label": "Credit Agreement (Digital Generation Systems Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "facility-shall", "type": "clause", "offset": [13, 27]}, {"key": "repaid-in-full", "type": "definition", "offset": [31, 45]}, {"key": "collateral-security", "type": "definition", "offset": [69, 88]}, {"key": "agent-shall", "type": "definition", "offset": [140, 151]}, {"key": "form-and-substance", "type": "clause", "offset": [186, 204]}], "hash": "58bebb99bd6207f4dd08217f8610ee9e", "id": 1}, {"size": 7, "snippet": "All amounts outstanding, accrued or payable under the Existing Facility shall be repaid in full and the Existing Facility and the respective commitments thereunder shall be terminated and any letters of credit thereunder shall be terminated or cash collateralized in full, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment and termination.", "samples": [{"hash": "lHXv9udmyTJ", "uri": "/contracts/lHXv9udmyTJ#existing-facility", "label": "Revolving Credit Agreement (Avangrid, Inc.)", "score": 34.5496235455, "published": true}, {"hash": "10r4VPJsrYX", "uri": "/contracts/10r4VPJsrYX#existing-facility", "label": "Revolving Credit Agreement (Avangrid, Inc.)", "score": 32.8959616701, "published": true}, {"hash": "6wmQ5g2NyNx", "uri": "/contracts/6wmQ5g2NyNx#existing-facility", "label": "Revolving Credit Agreement", "score": 31.340862423, "published": true}], "snippet_links": [{"key": "amounts-outstanding", "type": "clause", "offset": [4, 23]}, {"key": "facility-shall", "type": "clause", "offset": [63, 77]}, {"key": "repaid-in-full", "type": "definition", "offset": [81, 95]}, {"key": "letters-of-credit", "type": "definition", "offset": [192, 209]}, {"key": "cash-collateralized", "type": "definition", "offset": [244, 263]}, {"key": "agent-shall", "type": "definition", "offset": [296, 307]}, {"key": "form-and-substance", "type": "clause", "offset": [342, 360]}, {"key": "and-termination", "type": "clause", "offset": [406, 421]}], "hash": "8e8475a61e9add43a3051fb677c5f8cc", "id": 2}, {"size": 6, "snippet": "The Interconnection Customer will design and construct the GSU Transformer Station, the Chautauqua Line and the Interconnection Customer Interconnection Facilities, in accordance with the Facilities Study Report dated March 5, 2009, and to the extent not inconsistent with the terms of this Agreement and the NYISO OATT, in accordance with (1) the applicable requirements of the Connecting Transmission Owner, as set out in National Grid Electric System Bulletin 756, and (2) the Connecting Transmission Owner\u2019s project specific electrical requirements, as documented in the project\u2019s Specification for Electrical Installation dated March 5, 2009 and as such specifications may be amended or superseded during final design under this Interconnection Agreement. The Interconnection Customer has elected to design and construct the Chautauqua Line that will run from the receiving structure at the GSU Transformer Station to the POI on the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587-South Dow Line #859. Line design must be completed by a Connecting Transmission Owner approved New York State licensed design professional and submitted to the Connecting Transmission Owner for review and approval. Construction of the line must be completed by a Connecting Transmission Owner approved contractor. Design and construction shall be in accordance with the National Grid Electric System Bulletin 756: Requirements for Parallel Generation Connected to National Grid Owned EPS (\u201cESB 756\u201d), the latest edition of applicable ANSI and IEEE Standards, the \u201cNational Electrical Safety Code,\u201d and good engineering practice. The Interconnection Customer is responsible for: (i) obtaining all permits and easements associated with the Chautauqua Line construction, and (ii) completing all clearing required. The Interconnection Customer will transfer ownership of the Chautauqua Line to the Connecting Transmission Owner upon completion and commissioning for $1.00 (one dollar). The Interconnection Customer will complete the line tap at GSU Transformer Station, as part of the line construction. The Interconnection Customer will provide and install the two (2) high-accuracy- extended-range \u2587\u2587\u2587\u2587\u2587\u2587\u2587 (CXM 200) CTs and two (2) \u2587\u2587\u2587\u2587\u2587\u2587\u2587 (POF 200) PTs on the 34.5 kV side and the metering socket.", "samples": [{"hash": "9WBZDd0uQtO", "uri": "/contracts/9WBZDd0uQtO#existing-facility", "label": "Interconnection Agreement", "score": 32.8912320401, "published": true}, {"hash": "6oGidvJtZkr", "uri": "/contracts/6oGidvJtZkr#existing-facility", "label": "Interconnection Agreement", "score": 23.4052019165, "published": true}, {"hash": "cZxCtAAPUNk", "uri": "/contracts/cZxCtAAPUNk#existing-facility", "label": "Interconnection Agreement", "score": 22.9753593429, "published": true}], "snippet_links": [{"key": "customer-will", "type": "clause", "offset": [20, 33]}, {"key": "interconnection-customer-interconnection-facilities", "type": "clause", "offset": [112, 163]}, {"key": "in-accordance-with", "type": "definition", "offset": 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The Connecting Transmission Owner will provide, install, test and commission the revenue metering in the Interconnection Customer\u2019s GSU Transformer Station. The Connecting Transmission Owner will wire in the Meter RS-485 communication loop to the RTU, make final termination of the Telco circuit into the Communication Gateway, and test and commission the RTU.", "samples": [{"hash": "9WBZDd0uQtO", "uri": "/contracts/9WBZDd0uQtO#existing-facility", "label": "Interconnection Agreement", "score": 32.8912320401, "published": true}, {"hash": "kTJrpKHfv1y", "uri": "/contracts/kTJrpKHfv1y#existing-facility", "label": "Interconnection Agreement", "score": 27.5338760714, "published": true}, {"hash": "6oGidvJtZkr", "uri": "/contracts/6oGidvJtZkr#existing-facility", "label": "Interconnection Agreement", "score": 23.4052019165, "published": true}], "snippet_links": [{"key": "owner-will", "type": "clause", "offset": [28, 38]}, {"key": "the-line", "type": "definition", "offset": [60, 68]}, {"key": "interconnection-to", "type": "clause", "offset": [89, 107]}, {"key": "the-\u2587", "type": "clause", "offset": [108, 113]}, {"key": "will-provide", "type": "clause", "offset": [177, 189]}, {"key": "revenue-metering", "type": "clause", "offset": [224, 240]}, {"key": "the-interconnection-customer", "type": "clause", "offset": [244, 272]}, {"key": "the-meter", "type": "definition", "offset": [347, 356]}, {"key": "termination-of-the", "type": "clause", "offset": [406, 424]}], "hash": "c886d1ffac3c9426a5e3a6bca871d498", "id": 5}, {"size": 5, "snippet": "The Existing Facility (except for the Existing Letters of Credit) shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release. On the Closing Date, the Existing Letters of Credit shall be deemed to be Letters of Credit issued under this Agreement.", "samples": [{"hash": "d5bNbsPnnLE", "uri": "/contracts/d5bNbsPnnLE#existing-facility", "label": "Credit Agreement (Paravant Inc)", "score": 18.0, "published": true}, {"hash": "29D0aPRNu4Z", "uri": "/contracts/29D0aPRNu4Z#existing-facility", "label": "Credit Agreement (Paravant Inc)", "score": 18.0, "published": true}, {"hash": "1MAYMoasxSm", "uri": "/contracts/1MAYMoasxSm#existing-facility", "label": "Credit Agreement (DRS Technologies Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "existing-letters-of-credit", "type": "definition", "offset": [38, 64]}, {"key": "repaid-in-full", "type": "definition", "offset": [75, 89]}, {"key": "collateral-security", "type": "definition", "offset": [113, 132]}, {"key": "agent-shall", "type": "definition", "offset": [184, 195]}, {"key": "form-and-substance", "type": "clause", "offset": [230, 248]}, {"key": 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{"size": 3, "snippet": "The Existing Facility shall be repaid in full and terminated and all collateral security therefore shall be released, and the Bank shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.", "samples": [{"hash": "gfCly0lTnCw", "uri": "/contracts/gfCly0lTnCw#existing-facility", "label": "Credit Agreement (Mikron Infrared Inc)", "score": 18.0, "published": true}, {"hash": "eoOprPeGDew", "uri": "/contracts/eoOprPeGDew#existing-facility", "label": "Credit Agreement (Mikron Infrared Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "facility-shall", "type": "clause", "offset": [13, 27]}, {"key": "repaid-in-full", "type": "definition", "offset": [31, 45]}, {"key": "collateral-security", "type": "definition", "offset": [69, 88]}, {"key": "the-bank-shall", "type": "clause", "offset": [122, 136]}, {"key": "form-and-substance", "type": "clause", "offset": [171, 189]}], 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This clause typically outlines the terms, amounts, and parties involved in these existing facilities, and may require the borrower to disclose all relevant details to the new lender. By clearly specifying existing financial obligations, the clause helps prevent conflicts or breaches of covenants, ensures transparency, and allows the new lender to accurately assess the borrower's overall financial exposure and risk."}, "json": true, "cursor": ""}}