{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dOTPRZ2gKD6", "uri": "/contracts/dOTPRZ2gKD6#financing-contracts", "label": "Stock Purchase Agreement (Fidelity Leasing Inc)", "score": 18.0, "published": true}, {"hash": "8i7AuqRPnBn", "uri": "/contracts/8i7AuqRPnBn#financing-contracts", "label": "Stock Purchase Agreement (Resource America Inc)", "score": 18.0, "published": true}], "size": 4, "snippet": "(a) Section 4.26 of the Seller Disclosure Letter includes a list of each Financing Contract as of the date hereof. All Financing Records relating to the Financing Contracts, including any Credit Enhancements with respect thereto, have been furnished or made available for inspection by Purchaser. The Company or a Company Subsidiary has in its possession (i) an executed original or a true, correct and complete copy of any lease, note or chattel paper relating to each Financing Contract, (ii) an executed original or a true, correct and complete copy of all other documents relating to each such Financing Contract and each Credit Enhancement relating thereto and (iii) all other documents reasonably necessary to enforce such Financing Contracts and Credit Enhancements or perfect the security interest thereunder.\n(b) Each Financing Contract, and each Credit Enhancement relating thereto, is valid, binding and enforceable by the Company or the appropriate Company Subsidiary against the lessee, obligor or borrower thereunder in accordance with its written terms, except as may be limited by the Bankruptcy Exception, and (ii) arose out of a bona fide business transaction entered into in the ordinary course of business; provided, however, that Seller makes no representation or warranty with respect to the ability of the obligor under any Financing Contract or Credit Enhancement to discharge its payment obligations thereunder.\n(i) There are no payments under any Financing Contract that are more than 90 days past due as of December 1, 1998, (ii) the Company or the appropriate Company Subsidiary is not in breach or default of any of its material obligations under any Financing Contract or Credit Enhancement related thereto and (iii) neither the Company nor any Company Subsidiary has received any notice of (A) any event other than a payment default which is, or with notice and/or lapse of time would constitute, a material default under any Financing Contract or Credit Enhancement related thereto by any other party thereto or (B) any claim that any obligation to the Company or the appropriate Company Subsidiary under any Financing Contract or Credit Enhancement related thereto is subject to any defense, offset, claim, right of rescission or counterclaim of any party.", "snippet_links": [{"key": "seller-disclosure-letter", "type": "clause", "offset": [24, 48]}, {"key": "a-list", "type": "definition", "offset": [58, 64]}, {"key": "date-hereof", "type": "clause", "offset": [102, 113]}, {"key": "relating-to", "type": "definition", "offset": [137, 148]}, {"key": "the-financing", "type": "clause", "offset": [149, 162]}, {"key": "credit-enhancements", "type": "definition", "offset": [188, 207]}, {"key": "inspection-by-purchaser", "type": "clause", "offset": [272, 295]}, {"key": "company-subsidiary", "type": "clause", "offset": [314, 332]}, {"key": "executed-original", "type": "clause", "offset": [362, 379]}, {"key": "complete-copy", "type": "definition", "offset": [403, 416]}, {"key": "any-lease", "type": "definition", "offset": [420, 429]}, {"key": "chattel-paper", "type": "definition", "offset": [439, 452]}, {"key": "all-other-documents", "type": "clause", "offset": [556, 575]}, {"key": "reasonably-necessary", "type": "clause", "offset": [692, 712]}, {"key": "the-security-interest", "type": "definition", "offset": [784, 805]}, {"key": "binding-and-enforceable", "type": "clause", "offset": [903, 926]}, {"key": "by-the-company", "type": "clause", "offset": [927, 941]}, {"key": "the-lessee", "type": "clause", "offset": [988, 998]}, {"key": "in-accordance-with", "type": "definition", "offset": [1031, 1049]}, {"key": "bankruptcy-exception", "type": "definition", "offset": [1101, 1121]}, {"key": "bona-fide", "type": "definition", "offset": [1147, 1156]}, {"key": "business-transaction", "type": "definition", "offset": [1157, 1177]}, {"key": "entered-into", "type": "clause", "offset": [1178, 1190]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [1191, 1225]}, {"key": "no-representation-or-warranty", "type": "clause", "offset": [1264, 1293]}, {"key": "with-respect-to", "type": "clause", "offset": [1294, 1309]}, {"key": "payment-obligations", "type": "definition", "offset": [1405, 1424]}, {"key": "no-payments", "type": "clause", "offset": [1451, 1462]}, {"key": "days-past-due", "type": "definition", "offset": [1514, 1527]}, {"key": "breach-or-default", "type": "clause", "offset": [1617, 1634]}, {"key": "material-obligations", "type": "definition", "offset": [1649, 1669]}, {"key": "neither-the-company", "type": "definition", "offset": [1747, 1766]}, {"key": "notice-of", "type": "clause", "offset": [1811, 1820]}, {"key": "payment-default", "type": "definition", "offset": [1848, 1863]}, {"key": "with-notice", "type": "clause", "offset": [1877, 1888]}, {"key": "lapse-of-time", "type": "clause", "offset": [1896, 1909]}, {"key": "default-under", "type": "clause", "offset": [1939, 1952]}, {"key": "other-party", "type": "definition", "offset": [2021, 2032]}, {"key": "to-the-company", "type": "clause", "offset": [2078, 2092]}, {"key": "subject-to", "type": "definition", "offset": [2201, 2211]}, {"key": "right-of-rescission", "type": "definition", "offset": [2240, 2259]}], "hash": "469198339bd144c04c4a6996fa4a5abd", "id": 1}, {"samples": [{"hash": "lsuV7f6fcuf", "uri": "/contracts/lsuV7f6fcuf#financing-contracts", "label": "Purchase and Sale Agreement (Ally Financial Inc.)", "score": 24.1622176591, "published": true}, {"hash": "6SfemzdZnUt", "uri": "/contracts/6SfemzdZnUt#financing-contracts", "label": "Purchase and Sale Agreement (General Motors Financial Company, Inc.)", "score": 24.1238877481, "published": true}, {"hash": "5Mx7XhjL71e", "uri": "/contracts/5Mx7XhjL71e#financing-contracts", "label": "Purchase and Sale Agreement (General Motors Co)", "score": 24.1238877481, "published": true}], "size": 3, "snippet": "Any Contract (A) providing for the collection, servicing or administration of leases, loans, conditional sales agreements or financial instruments of a similar type, by any Target Company on behalf of any other Person, or (B) providing for the administration by any Person of any part of the loans or financial instruments of a similar type of any Target Company, in each case, involving the payment by or to such Target Company of more than $5,000,000 during the term thereof;", "snippet_links": [{"key": "administration-of-leases", "type": "clause", "offset": [60, 84]}, {"key": "sales-agreements", "type": "definition", "offset": [105, 121]}, {"key": "financial-instruments", "type": "clause", "offset": [125, 146]}, {"key": "target-company", "type": "definition", "offset": [173, 187]}, {"key": "on-behalf-of", "type": "clause", "offset": [188, 200]}, {"key": "any-other-person", "type": "definition", "offset": [201, 217]}, {"key": "the-administration", "type": "clause", "offset": [240, 258]}, {"key": "any-person", "type": "definition", "offset": [262, 272]}, {"key": "the-loans", "type": "clause", "offset": [288, 297]}, {"key": "type-of", "type": "definition", "offset": [336, 343]}, {"key": "each-case", "type": "definition", "offset": [367, 376]}, {"key": "payment-by", "type": "clause", "offset": [392, 402]}, {"key": "during-the-term", "type": "clause", "offset": [453, 468]}], "hash": "a25f5bab8ee038670df0ea55710f7f8d", "id": 2}, {"samples": [{"hash": "6SfemzdZnUt", "uri": "/contracts/6SfemzdZnUt#financing-contracts", "label": "Purchase and Sale Agreement (General Motors Financial Company, Inc.)", "score": 24.1238877481, "published": true}, {"hash": "5Mx7XhjL71e", "uri": "/contracts/5Mx7XhjL71e#financing-contracts", "label": "Purchase and Sale Agreement (General Motors Co)", "score": 24.1238877481, "published": true}], "size": 3, "snippet": "Except as would not have a Company Material Adverse Effect:\n(a) Each Financing Contract and each related Credit Enhancement is valid, binding and enforceable, by the applicable Target Company, Securitization Depositor or Securitization Issuing Entity, as the case may be, against the obligor or borrower thereunder in accordance with its respective written terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.\n(i) Each Financing Contract and each related Credit Enhancement is, in full force and effect, free and clear of Encumbrances other than Permitted Encumbrances and Encumbrances arising in connection with any Securitization Transaction or under any Securitization Instrument; (ii) each Target Company or Securitization Issuing Entity, as the case may be, has in its possession or control the notes and other documentation comprising each Financing Contract and each related Credit Enhancement reasonably necessary to enforce the rights of such Target Company or Securitization Issuing Entity, as the case may be, with respect to such Financing Contract, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws of general applicability relating to or affecting creditors' rights and to general equity principles; and (iii) all payments by the obligor or borrower under each Financing Contract are made to or for the benefit of a Target Company or Securitization Issuing Entity, as the case may be.\n(c) With respect to each Financing Contract, the applicable Target Company or Securitization Issuing Entity, as the case may be, has a valid and enforceable security interest in any collateral subject thereto, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws of general applicability relating to or affecting creditors' rights and to general equity principles, as and to the extent required by such Target Company's or the applicable Securitization Originator's respective credit or investment approval with respect to such Financing Contract.", "snippet_links": [{"key": "company-material-adverse-effect", "type": "definition", "offset": [27, 58]}, {"key": "financing-contract", "type": "definition", "offset": [69, 87]}, {"key": "related-credit-enhancement", "type": "definition", "offset": [97, 123]}, {"key": "binding-and-enforceable", "type": "clause", "offset": [134, 157]}, {"key": "the-applicable", "type": "clause", "offset": [162, 176]}, {"key": "target-company", "type": "definition", "offset": [177, 191]}, {"key": "securitization-depositor", "type": "definition", "offset": [193, 217]}, {"key": "securitization-issuing-entity", "type": "definition", "offset": [221, 250]}, {"key": "the-case", "type": "definition", "offset": [255, 263]}, {"key": "in-accordance-with", "type": "definition", "offset": [315, 333]}, {"key": "subject-to", "type": "definition", "offset": [364, 374]}, {"key": "fraudulent-transfer", "type": "clause", "offset": [399, 418]}, {"key": "other-laws", "type": "definition", "offset": [451, 461]}, {"key": "general-applicability", "type": "clause", "offset": [465, 486]}, {"key": "relating-to", "type": "definition", "offset": [487, 498]}, {"key": "to-general", "type": "clause", "offset": [534, 544]}, {"key": "full-force-and-effect", "type": "definition", "offset": [635, 656]}, {"key": "free-and-clear-of-encumbrances", "type": "clause", "offset": [658, 688]}, {"key": "permitted-encumbrances", "type": "definition", "offset": [700, 722]}, {"key": "in-connection-with", "type": "clause", "offset": [748, 766]}, {"key": "securitization-transaction", "type": "definition", "offset": [771, 797]}, {"key": "possession-or-control", "type": "definition", "offset": [928, 949]}, {"key": "the-notes", "type": "clause", "offset": [950, 959]}, {"key": "other-documentation", "type": "definition", "offset": [964, 983]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1055, 1075]}, {"key": "rights-of", "type": "definition", "offset": [1091, 1100]}, {"key": "with-respect-to", "type": "clause", "offset": [1175, 1190]}, {"key": "payments-by-the", "type": "clause", "offset": [1430, 1445]}, {"key": "to-or-for-the-benefit-of", "type": "definition", "offset": [1505, 1529]}, {"key": "valid-and-enforceable-security-interest", "type": "clause", "offset": [1736, 1775]}, {"key": "to-the-extent", "type": "clause", "offset": [2018, 2031]}, {"key": "required-by", "type": "definition", "offset": [2032, 2043]}, {"key": "investment-approval", "type": "clause", "offset": [2133, 2152]}], "hash": "f569b797061bf4145721beda4680d8f0", "id": 3}, {"samples": [{"hash": "fiQAc61A7vz", "uri": "/contracts/fiQAc61A7vz#financing-contracts", "label": "Stock and Asset Purchase Agreement (Transamerica Finance Corp)", "score": 18.0, "published": true}], "size": 2, "snippet": "(a) Except as set forth in Section 3.21(a) of the Disclosure Schedule, to Seller's Knowledge, each Financing Contract, Credit Enhancement and, with respect to any Mortgage Loan set forth on the Mortgage Loan Schedule, each Loan Document (i) is valid, binding and enforceable by a Purchased Entity or an Asset Seller (and, after giving effect to the Acquisition, the Purchaser or the applicable Acquiring Subsidiaries) against the Obligor thereunder, in the case of a Financing Contract or, in the case of a Credit Enhancement or Loan Document, the obligor thereunder, in each case, in accordance with its written terms (except as may be limited by the Bankruptcy Exception), and (ii) constitutes and arose out of a bona fide business transaction entered into in the ordinary and usual course of business of such Asset Seller or Purchased Entity (as applicable), consistent with its past practices. All amendments, modifications, waivers, extensions, cancellations and releases in respect of any Financing Contract are in writing and, except for any such documents entered into in connection with a Syndicated Facility (and only to the extent copies of which documents have not been received by a Purchased Entity or an Asset Seller), are maintained in hard copy or are stored electronically in the Legal/Credit Files for such Financing Contract. 66\n(b) Except as set forth in Section 3.21(b) of the Disclosure Schedule, (i)(A) each Financing Contract, Credit Enhancement (other than Portfolio Property) and with respect to any Financing Contract that is a Mortgage Loan, Loan Document is, or as of the Closing Date will be, in full force and effect, free and clear of all Encumbrances other than Permitted Encumbrances, and (B) to Seller's Knowledge, no Financing Contract, Credit Enhancement (other than Portfolio Property) or, with respect to any Financing Contract that is a Mortgage Loan, Loan Document is subject to any valid defense, offset, claim, right of rescission or counterclaim (other than non-appropriation with respect to Financing Contracts with Governmental Authorities containing non-appropriation clauses) by the Obligor under such Financing Contract or Loan Document, in the case of a Financing Contract or Loan Document, or by the obligor thereunder, in the case of a Credit Enhancement, or any Person claiming under any such right; (ii) as of July 31, 2003 and as of the Cut-Off Date (A) to Seller's Knowledge, no Asset Seller and no Purchased Entity (to the extent that it is a party thereto) is in breach of or default under any Financing Contract, Credit Enhancement or, with respect to any Financing Contract that is a Mortgage Loan, Loan Document, (B) to Seller's Knowledge, (1) with respect to any Financing Contract originated or held by a Purchased Entity part of the distribution Finance Business Line no scheduled payment due thereunder is more than 60 days past due and (2) with respect to any Financing Contract originated or held by a Purchased Entity part of any Business Line other than the distribution finance Business Line, no scheduled payment due thereunder is more than thirty (30) days past due, and (C) no Selling Entity, no Purchased Entity and none of their respective Affiliates has received notice that an Obligor under a Financing Contract originated or held by a Purchased Entity (other than a Purchased Entity part of the distribution finance Business Line) has breached any of its obligations in respect of any negative covenants or financial covenants (or other similar agreements or undertakings) contained in such Financing Contract or in any related agreement; (iii) other than as reflected in the applicable Legal/Credit Files with respect to interests in Syndicated Facilities, an Asset Seller or Purchased Entity is (and, after giving effect to the transactions contemplated by Section 2.01, a Purchased Entity, the Purchaser or an Acquiring Subsidiary will be) the sole owner and holder of all right, title and interest in each Financing Contract and each Credit Enhancement other than the rights of the Obligor therein, or rights created by the Financing Contract in favor of third parties; (iv) [intentionally omitted]; (v) an Asset Seller or Purchased Entity (or, to the Seller's Knowledge, in connection with any Syndicated Facility, the administrative, collateral agent, trustee or the Depository Trust Company) has (and, after giving effect to the transactions contemplated by Section 2.01, a Purchased Entity, the Purchaser or an Acquired Subsidiary will have) in its possession an executed original of any wholesale financing agreement, note, if any, or lease (and an executed original or a true and correct copy of all other Documents), in each case, duly executed by each party thereto comprising each Financing Contract and Credit Enhancement and all other Documents required by the applicable Selling Entity's or Purchased Entity's credit or investment approval with respect to such Financing Contract (including, with respect to any Financing Contract which is a lease, documentation which accurately evidences the original equipment cost with respect to any Portfolio Property that is subject thereto for purposes of determining personal property Tax liability); (vi)\n(A) except for Financing Contracts with Governmental Authorities containing non-appropriation clauses, no Financing Contract that is in the form of a lease is terminable at the option of the Obligor thereunder except to the extent that such Obligor is required to pay the applicable Purchased Entity or Asset Seller (with respect to any Acquired ISF Asset) a termination payment in an amount not less than the present value of all remaining scheduled payments, computed using a discount rate equal to the contract rate, if provided for, or otherwise the implicit rate for such Financing Contract and (B) no Financing Contract that is in the form of a loan, is terminable at the option of the Obligor thereunder except to the extent that the Obligor is required to pay the applicable Purchased Entity or Asset Seller not less than the sum of the outstanding principal balance plus accrued and unpaid interest thereunder at the time of termination, (vii) all payments pursuant to each Financing Contract are made directly to the applicable Asset Seller or Purchased Entity, or to lockboxes with respect to which an Asset Seller (with respect to any Acquired ISF Assets) or a Purchased Entity is the account holder, or to blocked accounts with respect to which such Asset Seller or Purchased Entity (as applicable) is the account holder or beneficiary, or to accounts maintained by an administrative agent, collateral agent, trustee or the Depository Trust Company in connection with any Syndicated Facilities, or to servicers of Financing Contracts (to the extent such servicing arrangements are entered into by a Purchased Entity or Asset Seller in the ordinary course of its business), or pursuant to other similar arrangements; (viii) an Asset Seller or Purchased Entity has approved credit applications and otherwise entered into commitments with respect to each Financing Contract in a manner consistent with such Person's credit policies, collateral eligibility standards and credit quality classifications in effect at the time (other than ordinary course deviations therefrom, consistent with such Person's past practices) and otherwise complied with standards of evaluating, originating, underwriting and funding new businesses which are in all respects consistent with its past practices; and (ix) no Asset Seller and no Purchased Entity has been, or is committed to become, a party to any agreement, contract or commitment with respect to the residual interest in any Portfolio Property (other than (A) with respect to any Portfolio Property subject to a Financing Contract that is a finance lease and (B) residual sharing agreements that do not impair the value of the Residual and which are both (1) entered into in the ordinary course of business, consistent with past practices, and (2) reflected in the credit approval documentation with respect to the related Financing Contract).\n(c) Except as set forth in Section 3.21(c) of the Disclosure Schedule, (i) (A) except as permitted by the applicable credit approval documentation contained in the Legal/Credit Files for such Financing Contract, (B) except as otherwise reflected in the Legal/Credit Files for such Financing Contract, or (C) except in connection with a Syndicated Facility (and then only to the extent not materially and adversely different than the information contained in the Legal/Credit Files) no Financing Contract (and, with respect to any Financing Contract which is a Mortgage Loan, no Loan Document) is subject to any debt subordination agreement, participation agreement, intercreditor agreement, owner trust agreement, purchase agreement, collateral sharing agreement, residual sharing agreement, remarketing agreement or vendor recourse agreement and (ii) no Financing Contract (and, with respect to any Financing Contract which is a Mortgage Loan, no Loan Document) is subject to any agreement, contract or other arrangement (other than this Agreement or any Vendor Program Agreement) pursuant to which any interest in any Financing Contract or Loan Document (as applicable) or any payment due under any Financing Contract, Loan Document, Credit Enhancement or with respect to any Portfolio Property has been sold, used as collateral, transferred or participated to or otherwise disposed of to any Person or Persons by the applicable Purchased Entity or Asset Seller except in connection with Ordinary Course Asset Transactions, and then only to the extent such transaction is accurately reflected in the Legal/Credit Files for such Financing Contract and in such Asset Seller's or Purchased Entities financial reporting records.\n(d) Section 3.21(d) of the Disclosure Schedule sets forth a list of each Credit Enhancement that is a letter of credit or a certificate of deposit that has a maximum face amount in excess of $250,000 and the expiration or maturity date thereof, if applicable. The Legal/Credit File for each Financing Contract contains originals of each Credit Enhancement in the form of a letter of credit, certificate of deposit, stock certificate or other instrument that is required by the credit approval for the related Financing Contract (other than any Credit Enhancements of the type described above which are provided by Obligors in connection which Syndicated Facilities and are held by the related collateral or administrative agent for the ratable benefit of a Purchased Entity or an Asset Seller (as applicable)).\n(e) As of the Closing, no Obligor under any Financing Contract has acquired any Portfolio Property, any interest in any Portfolio Property or the use of any Portfolio Property pursuant to such Financing Contract, in any case, for personal, family or household use.\n(i) With respect to each Financing Contract directly originated by a Purchased Entity or an Asset Seller (with respect to the Acquired International Structured Finance Business) for which the Obligor thereunder is a Governmental Authority, (i) the applicable Asset Seller or Purchased Entity has complied with all bidding requirements applicable to such transaction and with all requirements of any applicable request for proposal, including those applicable to the Portfolio Property and all Laws governing equal employment opportunity, affirmative action and environmental protection; (ii) an Asset Seller or Purchased Entity is the Person, or assignee of the Person, named in and subject to the request for proposal and (iii) the applicable Asset Seller or Purchased Entity has obtained the consent of such Governmental Authority if required by the terms of the Financing Contract, for the consummation of the Acquisition.\n(ii) Except as set forth in Section 3.21(f)(ii) of the Disclosure Schedule, the United States Government is not an Obligor under any Financing Contract.\n(i) Neither the billing and collection nor the enforcement of any Financing Contract or Credit Enhancement (other than any Financing Contract part of, or Credit Enhancement granted or delivered in connection with, any Syndicated Facility) in accordance with the written terms thereof has resulted, or will result in, a violation of any\n(ii) To Seller's Knowledge, neither the billing and collection nor the enforcement of any Financing Contract part of, or Credit Enhancement granted or delivered in connection with, any Syndicated Facility in accordance with the written terms thereof has resulted, or will result in, a violation of any current applicable Law.", "snippet_links": [{"key": "disclosure-schedule", "type": "clause", "offset": [50, 69]}, {"key": "to-seller", "type": "definition", "offset": [71, 80]}, {"key": "with-respect-to", "type": "clause", "offset": [143, 158]}, {"key": "mortgage-loan-schedule", "type": "definition", "offset": [194, 216]}, {"key": "loan-document", "type": "definition", "offset": [223, 236]}, {"key": "binding-and-enforceable", "type": "clause", "offset": [251, 274]}, {"key": "purchased-entity", "type": "definition", "offset": [280, 296]}, {"key": "asset-seller", "type": "definition", "offset": [303, 315]}, {"key": "after-giving", "type": "clause", "offset": [322, 334]}, {"key": "the-purchaser", "type": "definition", "offset": [362, 375]}, {"key": "the-applicable", "type": "clause", "offset": [379, 393]}, {"key": "in-the-case", "type": "clause", "offset": [450, 461]}, {"key": "a-credit", "type": "definition", "offset": [505, 513]}, {"key": "each-case", "type": "definition", "offset": [571, 580]}, {"key": "in-accordance-with", "type": "definition", "offset": [582, 600]}, {"key": "bankruptcy-exception", "type": "definition", "offset": [652, 672]}, {"key": "bona-fide", "type": "definition", "offset": [715, 724]}, {"key": "business-transaction", "type": "definition", "offset": [725, 745]}, {"key": "entered-into", "type": "clause", "offset": [746, 758]}, {"key": "usual-course-of-business", "type": "definition", "offset": [779, 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In all the above circumstances, VWFS normally has a right to be reimbursed by the dealer for any amount paid to the Obligor in respect of the Obligor's claim and any costs (including legal costs) incurred in defending the claim. 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Exercise Period End Date: end date of the Exercise Period granted to the Agent to take the measures allowed, in accordance with Clause 9 of this Agreement, promote the financial restructuring of the Concessionaire and ensure the continuity of the service provision. Discharge Date: date on which all obligations set forth in the Financing Documents are irrevocably and completely discharged and fulfilled, as attested by the Agent, as representative of the Creditors. Concession Transfer Date: date on which the operation of the Interconnection System under the Concession Contract will be transferred to the Transferee.", "snippet_links": [{"key": "entered-into", "type": "clause", "offset": [12, 24]}, {"key": "the-creditors", "type": "clause", "offset": [56, 69]}, {"key": "the-operation", "type": "clause", "offset": [86, 99]}, {"key": "obligations-assumed", "type": "clause", "offset": [131, 150]}, {"key": "concession-contract", "type": "definition", "offset": [158, 177]}, {"key": "documents-and-this-agreement", "type": "clause", "offset": [211, 239]}, {"key": "period-end-date", "type": "definition", "offset": [265, 280]}, {"key": "date-of", "type": "clause", "offset": [286, 293]}, {"key": "granted-to", "type": "definition", "offset": [314, 324]}, {"key": "in-accordance-with", "type": "definition", "offset": [365, 383]}, {"key": "clause-9", "type": "clause", "offset": [384, 392]}, {"key": "financial-restructuring", "type": "clause", "offset": [424, 447]}, {"key": "of-the-concessionaire", "type": "clause", "offset": [448, 469]}, {"key": "service-provision", "type": "definition", "offset": [503, 520]}, {"key": "discharge-date", "type": "definition", "offset": [522, 536]}, {"key": "all-obligations", "type": "clause", "offset": [552, 567]}, {"key": "by-the-agent", "type": "clause", "offset": [674, 686]}, {"key": "transfer-date", "type": "definition", "offset": [735, 748]}, {"key": "interconnection-system", "type": "clause", "offset": [785, 807]}, {"key": "the-transferee", "type": "clause", "offset": [861, 875]}], "hash": "2dc625a3187d9ac388660a70afcc3832", "id": 8}, {"samples": [{"hash": "iBIly5DKRJ1", "uri": "/contracts/iBIly5DKRJ1#financing-contracts", "label": "Asset Backed Notes Agreement", "score": 21.0, "published": true}], "size": 1, "snippet": "The typical HP Agreement amortises on the basis of fixed monthly instalments of equal amounts over a 6 to 60 month instalment period. Similarly, the typical LP Agreement also amortises on the basis of fixed monthly instalments, but unlike an HP Agreement it requires a substantial portion of the outstanding amount to be repaid in a single Final Rental Amount at maturity of the LP Agreement. The typical PCP Agreement also amortises on the basis of fixed monthly instalments of equal amounts over a 6 to 60 month instalment period, with a substantial portion of the outstanding amount under the PCP Agreement being repaid in a single Final Rental Amount at maturity. This Final Rental Amount is substantially greater than the previous monthly instalments. However, unlike the terms of a typical LP Agreement, the Obligor under a PCP Agreement is not required to pay the Final Rental Amount. Under the terms of a PCP Agreement an Obligor may, after payment of an additional \"option to purchase\" fee, choose to:\n(a) settle the contract by paying the Final Rental Amount and retaining the Financed Object; or\n(b) return the Financed Object in full and final settlement of the Financing Contract. By deferring the repayment of a substantial portion of the outstanding amount of the LP Agreement and the PCP Agreement until the final redemption date, the risk of non-payment of the final instalment under an LP Agreement or a PCP Agreement is greater than would be the case under an HP Agreement where instalments are generally of equal size.", "snippet_links": [{"key": "hp-agreement", "type": "definition", "offset": [12, 24]}, {"key": "basis-of", "type": "clause", "offset": [42, 50]}, {"key": "monthly-instalments", "type": "clause", "offset": [57, 76]}, {"key": "equal-amounts", "type": "clause", "offset": [80, 93]}, {"key": "instalment-period", "type": "definition", "offset": [115, 132]}, {"key": "lp-agreement", "type": "definition", "offset": [157, 169]}, {"key": "substantial-portion", "type": "definition", "offset": [269, 288]}, {"key": "outstanding-amount", "type": "definition", "offset": [296, 314]}, {"key": "final-rental-amount", "type": "definition", "offset": [340, 359]}, {"key": "at-maturity", "type": "clause", "offset": [360, 371]}, {"key": "pcp-agreement", "type": "definition", "offset": [405, 418]}, {"key": "terms-of", "type": "definition", "offset": [777, 785]}, {"key": "to-pay", "type": "clause", "offset": [860, 866]}, {"key": "the-final", "type": "clause", "offset": [867, 876]}, {"key": "an-obligor", "type": "clause", "offset": [927, 937]}, {"key": "an-additional", "type": "clause", "offset": [960, 973]}, {"key": "option-to-purchase", "type": "definition", "offset": [975, 993]}, {"key": "the-contract", "type": "definition", "offset": [1022, 1034]}, {"key": "financing-contract", "type": "definition", "offset": [1174, 1192]}, {"key": "repayment-of", "type": "clause", "offset": [1211, 1223]}, {"key": "final-redemption-date", "type": "definition", "offset": [1324, 1345]}, {"key": "the-risk", "type": "definition", "offset": [1347, 1355]}, {"key": "payment-of-the", "type": "clause", "offset": [1363, 1377]}, {"key": "final-instalment", "type": "definition", "offset": [1378, 1394]}, {"key": "agreement-or", "type": "definition", "offset": [1407, 1419]}, {"key": "the-case", "type": "definition", "offset": [1461, 1469]}], "hash": "ef159ac45ec4b5e916d5604dad65242f", "id": 9}, {"samples": [{"hash": "3DxFOlJLNSF", "uri": "/contracts/3DxFOlJLNSF#financing-contracts", "label": "Quota Purchase and Sale Agreement (Photomedex Inc)", "score": 24.6030116359, "published": true}], "size": 1, "snippet": "The Company is not a party to and does not owe any amounts to any Third Parties under any loan, financing and leasing agreements.", "snippet_links": [{"key": "the-company", "type": "definition", "offset": [0, 11]}, {"key": "a-party", "type": "clause", "offset": [19, 26]}, {"key": "third-parties", "type": "clause", "offset": [66, 79]}, {"key": "any-loan", "type": "clause", "offset": [86, 94]}, {"key": "leasing-agreements", "type": "definition", "offset": [110, 128]}], "hash": "b762533b72196fce5700bbd6811d9545", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxmaW5hbmNpbmctY29udHJhY3RzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 21, "parents": [["representations-and-warranties-of-seller", "REPRESENTATIONS AND WARRANTIES OF SELLER"], ["contracts", "Contracts"], ["representations-and-warranties-of-the-company", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY"], ["representations-and-warranties-regarding-the-company", "REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY"], ["representations-and-warranties-of-the-seller", "Representations and Warranties of the Seller"]], "children": [["early-settlement", "Early Settlement"], ["termination-of-financing-contracts", "Termination of Financing Contracts"]], "title": "Financing Contracts", "id": "financing-contracts", "related": [["existing-contracts", "Existing Contracts", "Existing Contracts"], ["operating-contracts", "Operating Contracts", "Operating Contracts"], ["project-contracts", "Project Contracts", "Project Contracts"], ["continuing-contracts", "Continuing Contracts", "Continuing Contracts"], ["financial-contracts", "Financial Contracts", "Financial Contracts"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Financing Contracts clause defines the terms and conditions under which one party provides funds or credit to another, typically to support a specific project or business activity. This clause outlines key elements such as the amount financed, repayment schedule, interest rates, and any collateral or security interests involved. By clearly specifying the financial arrangements and obligations of each party, the clause helps prevent misunderstandings and allocates financial risk, ensuring both parties understand their rights and responsibilities regarding the financing."}, "json": true, "cursor": ""}}