{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "payment-due", "type": "definition", "offset": [94, 105]}, {"key": "death-of-the-annuitant", "type": "clause", "offset": [119, 141]}, {"key": "no-death-benefit", "type": "definition", "offset": [152, 168]}, {"key": "payable-to", "type": "definition", "offset": [169, 179]}, {"key": "the-beneficiary", "type": "clause", "offset": [180, 195]}, {"key": "second-option-life-annuity", "type": "definition", "offset": [215, 243]}, {"key": "cash-refund", "type": "definition", "offset": [251, 262]}, {"key": "remaining-value", "type": "definition", "offset": [357, 372]}, {"key": "the-contract-value", "type": "definition", "offset": [433, 451]}, {"key": "premium-tax", "type": "definition", "offset": [458, 469]}, {"key": "sum-of", "type": "clause", "offset": [481, 487]}, {"key": "payments-made", "type": "clause", "offset": [500, 513]}, {"key": "fixed-dollar-annuity-payments", "type": "clause", "offset": [549, 578]}, {"key": "third-option", "type": "clause", "offset": [628, 640]}, {"key": "payments-for-a-period-certain", "type": "clause", "offset": [661, 690]}, {"key": "number-of-years", "type": "definition", "offset": [728, 743]}, {"key": "the-period", "type": "clause", "offset": [860, 870]}, {"key": "remaining-payments", "type": "definition", "offset": [885, 903]}, {"key": "to-receive", "type": "definition", "offset": [963, 973]}, {"key": "present-value", "type": "definition", "offset": [978, 991]}, {"key": "payments-in", "type": "clause", "offset": [1009, 1020]}, {"key": "calculate-the", "type": "clause", "offset": [1033, 1046]}, {"key": "interest-rate", "type": "clause", "offset": [1110, 1123]}, {"key": "our-discretion", "type": "clause", "offset": [1140, 1154]}, {"key": "variable-annuity-payments", "type": "clause", "offset": [1190, 1215]}, {"key": "the-contract-owner", "type": "clause", "offset": [1248, 1266]}, {"key": "annuity-option", "type": "definition", "offset": [1277, 1291]}, {"key": "annuity-unit-value", "type": "definition", "offset": [1313, 1331]}, {"key": "receipt-of", "type": "clause", "offset": [1347, 1357]}, {"key": "due-proof-of-death", "type": "definition", "offset": [1358, 1376]}, {"key": "fourth-option", "type": "definition", "offset": [1378, 1391]}, {"key": "joint-and-last-survivor-life-annuity", "type": "clause", "offset": [1394, 1430]}, {"key": "joint-annuitant", "type": "clause", "offset": [1498, 1513]}, {"key": "payments-over", "type": "clause", "offset": [1658, 1671]}, {"key": "fifth-option", "type": "definition", "offset": [1790, 1802]}, {"key": "sixth-option", "type": "definition", "offset": [2783, 2795]}, {"key": "payment-for", "type": "clause", "offset": [2798, 2809]}, {"key": "settlement-option", "type": "clause", "offset": [3505, 3522]}, {"key": "the-death-benefit", "type": "clause", "offset": [3539, 3556]}, {"key": "not-to-exceed", "type": "clause", "offset": [3590, 3603]}, {"key": "five-years", "type": "definition", "offset": [3604, 3614]}, {"key": "date-of-the-contract", "type": "clause", "offset": [3624, 3644]}, {"key": "prior-to-the-annuity-commencement-date", "type": "clause", "offset": [3678, 3716]}, {"key": "the-sub", "type": "clause", "offset": [3746, 3753]}, {"key": "at-the-time-of-death", "type": "definition", "offset": [3794, 3814]}, {"key": "partial-withdrawals", "type": "clause", "offset": [3873, 3892]}, {"key": "at-any-time", "type": "clause", "offset": [3905, 3916]}, {"key": "in-the-event-of", "type": "definition", "offset": [3918, 3933]}], "snippet": "Life Annuity - An annuity payable during the lifetime of the Annuitant, ceasing with the last payment due prior to the death of the Annuitant. There is no Death Benefit payable to the Beneficiary under this Option. SECOND OPTION - Life Annuity With a Cash Refund - An annuity payable during the lifetime of the Annuitant. At the death of the Annuitant, any remaining value will be paid to the Beneficiary. The remaining value equals the Contract Value, less Premium Tax, minus the sum of all annuity payments made. This option is only available for fixed dollar annuity payments. VA03-14/15 Page 15 Printed in U.S.A. B660R0.FRM THIRD OPTION - Life Annuity with Payments for a Period Certain - An annuity payable for a specified number of years and for as long as the Annuitant is living. If at the death of the Annuitant, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in one sum. To calculate the present value for fixed dollar annuity payments We will use an interest rate We determine at Our discretion. To calculate the present value of variable annuity payments, We will use the AIR elected by the Contract Owner when this annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death. FOURTH OPTION - Joint and Last Survivor Life Annuity - An annuity payable during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. Payments will cease with the last payment prior to the death of the survivor. FIFTH OPTION - Joint and Last Survivor Life Annuity with Payments for a Period Certain - An annuity payable for a specified number of years and during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. If at the death of the survivor, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in one sum. To calculate the present value for fixed dollar annuity payments We will use an interest rate We determine at Our discretion. To calculate the present value of variable annuity payments, We will use the AIR elected by the Contract Owner when this annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death. SIXTH OPTION - Payment for a Period Certain - An annuity payable for a specified number of years. If at the death of the Annuitant, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in one sum. To calculate the present value for fixed dollar annuity payments We will use an interest rate We determine at Our discretion. To calculate the present value of variable annuity payments, we will use the AIR elected by the Contract Owner when this annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death. SEVENTH OPTION - Annuity Proceeds Settlement Option - Proceeds from the Death Benefit can be left with Us for a period not to exceed five years from the date of the Contract Owner's or the Annuitant\u2019s death prior to the Annuity Commencement Date. The proceeds will remain in the Sub-Account(s) to which they were allocated at the time of death unless the Beneficiary elects to reallocate them. Full or partial withdrawals may be made at any time. In the event of withdrawals, the remaining value will equal the Contract Value of the proceeds left with Us, minus any withdrawals.", "samples": [{"hash": "fnUE8QZ7XrK", "uri": "/contracts/fnUE8QZ7XrK#first-option", "label": "Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insur Co Separate Account Three)", "score": 30.3237508556, "published": true}, {"hash": "70q8M8gGKRM", "uri": "/contracts/70q8M8gGKRM#first-option", "label": "Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account One)", "score": 30.3237508556, "published": true}, {"hash": "ZOFmbH514A", "uri": "/contracts/ZOFmbH514A#first-option", "label": "Variable Annuity Contract (Talcott Resolution Life & Annuity Insur Co Separate Account Three)", "score": 30.2922655715, "published": true}], "size": 8, "hash": "9637068898f66fa0783f3a908d6b4de1", "id": 1}, {"snippet_links": [{"key": "the-option", "type": "clause", "offset": [39, 49]}, {"key": "option-target", "type": "definition", "offset": [76, 89]}, {"key": "will-provide", "type": "clause", "offset": [99, 111]}, {"key": "written-notice", "type": "definition", "offset": [112, 126]}, {"key": "exhibit-j", "type": "definition", "offset": [152, 161]}, {"key": "selection-notice", "type": "definition", "offset": [175, 191]}, {"key": "regional-option", "type": "definition", "offset": [274, 289]}, {"key": "global-option", "type": "definition", "offset": [295, 308]}, {"key": "this-exhibit", "type": "definition", "offset": [343, 355]}, {"key": "replaced-with", "type": "clause", "offset": [373, 386]}, {"key": "the-secretary", "type": "clause", "offset": [462, 475]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [479, 517]}, {"key": "confidential-treatment", "type": "definition", "offset": [556, 578]}, {"key": "pursuant-to-rule", "type": "clause", "offset": [579, 595]}, {"key": "securities-act-of-1933", "type": "clause", "offset": [622, 644]}, {"key": "as-amended", "type": "definition", "offset": [646, 656]}], "snippet": "Contemporaneously with the delivery of the Option IND Package for the first Option Target, Surface will provide written notice in the form set forth on Exhibit J (the \u201cOption Selection Notice\u201d) to Novartis indicating whether the Option for the first Option Target will be a Regional Option or a Global Option. CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH \u201c[***]\u201d. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.", "samples": [{"hash": "5FakLyB0nmv", "uri": "/contracts/5FakLyB0nmv#first-option", "label": "Collaboration Agreement (Surface Oncology, Inc.)", "score": 29.2217659138, "published": true}, {"hash": "a77nconioih", "uri": "/contracts/a77nconioih#first-option", "label": "Collaboration Agreement (Surface Oncology, Inc.)", "score": 29.1724845996, "published": true}, {"hash": "6quj7ED1kuV", "uri": "/contracts/6quj7ED1kuV#first-option", "label": "Collaboration Agreement (Surface Oncology, Inc.)", "score": 28.8767967146, "published": true}], "size": 3, "hash": "2426ae85aedb8a23a200c2bb9fecd40e", "id": 7}, {"snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [92, 110]}, {"key": "purchase-prices", "type": "clause", "offset": [111, 126]}, {"key": "in-this-agreement", "type": "clause", "offset": [137, 154]}, {"key": "in-connection-with", "type": "clause", "offset": [155, 173]}, {"key": "subsequent-upfront-purchase", "type": "definition", "offset": [196, 223]}, {"key": "purposes-of", "type": "clause", "offset": [268, 279]}, {"key": "section-81", "type": "clause", "offset": [285, 296]}, {"key": "prior-to-the", "type": "clause", "offset": [335, 347]}, {"key": "date-hereof", "type": "clause", "offset": [348, 359]}, {"key": "in-accordance-with", "type": "definition", "offset": [435, 453]}, {"key": "to-the-extent", "type": "clause", "offset": [531, 544]}, {"key": "option-notes", "type": "clause", "offset": [594, 606]}, {"key": "the-optional", "type": "clause", "offset": [674, 686]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [748, 776]}, {"key": "the-right", "type": "clause", "offset": [788, 797]}, {"key": "in-the-case", "type": "clause", "offset": [802, 813]}, {"key": "after-the-maturity-date", "type": "clause", "offset": [856, 879]}, {"key": "the-mortgage-loan", "type": "definition", "offset": [883, 900]}, {"key": "mortgage-loan-is", "type": "definition", "offset": [1013, 1029]}, {"key": "paid-in-full", "type": "clause", "offset": [1030, 1042]}, {"key": "each-case", "type": "definition", "offset": [1047, 1056]}, {"key": "payments-of-all", "type": "clause", "offset": [1076, 1091]}, {"key": "net-cash-proceeds", "type": "definition", "offset": [1092, 1109]}, {"key": "disposition-of", "type": "clause", "offset": [1138, 1152]}, {"key": "individual-property", "type": "definition", "offset": [1157, 1176]}, {"key": "rio-las-vegas", "type": "definition", "offset": [1193, 1206]}, {"key": "repayment-in-full", "type": "clause", "offset": [1253, 1270]}, {"key": "casualty-or-condemnation", "type": "clause", "offset": [1374, 1398]}, {"key": "applicable-release-price", "type": "definition", "offset": [1430, 1454]}, {"key": "mortgage-loan-agreement", "type": "definition", "offset": [1474, 1497]}, {"key": "mezzanine-loan-agreement", "type": "definition", "offset": [1507, 1531]}, {"key": "with-respect-to", "type": "clause", "offset": [1533, 1548]}, {"key": "to-repay", "type": "clause", "offset": [1615, 1623]}, {"key": "at-any-time", "type": "clause", "offset": [1725, 1736]}, {"key": "net-proceeds", "type": "definition", "offset": [1750, 1762]}, {"key": "balance-of-the", "type": "clause", "offset": [1806, 1820]}, {"key": "excess-proceeds", "type": "definition", "offset": [1881, 1896]}, {"key": "the-\u2587", "type": "clause", "offset": [1975, 1980]}, {"key": "equal-to", "type": "definition", "offset": [2009, 2017]}, {"key": "an-annual", "type": "clause", "offset": [2188, 2197]}, {"key": "return-of", "type": "clause", "offset": [2215, 2224]}, {"key": "remaining-amounts", "type": "clause", "offset": [2295, 2312]}, {"key": "allocated-to", "type": "definition", "offset": [2322, 2334]}, {"key": "the-individual", "type": "clause", "offset": [2458, 2472]}, {"key": "written-off", "type": "definition", "offset": [2639, 2650]}, {"key": "purchase-of-the", "type": "clause", "offset": [2959, 2974]}, {"key": "junior-mezzanine-notes", "type": "definition", "offset": [2975, 2997]}, {"key": "senior-mezzanine-notes", "type": "definition", "offset": [3093, 3115]}, {"key": "specified-mezzanine-notes", "type": "definition", "offset": [3120, 3145]}, {"key": "order-of-priority", "type": "definition", "offset": [3171, 3188]}, {"key": "have-sold", "type": "definition", "offset": [3234, 3243]}, {"key": "junior-mezzanine-loans", "type": "definition", "offset": [3277, 3299]}, {"key": "senior-mezzanine-loans", "type": "definition", "offset": [3304, 3326]}, {"key": "proportionate-share", "type": "clause", "offset": [3638, 3657]}, {"key": "any-excess", "type": "definition", "offset": [3661, 3671]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3681, 3700]}, {"key": "face-amount", "type": "definition", "offset": [3735, 3746]}, {"key": "optional-note-purchases", "type": "definition", "offset": [3868, 3891]}, {"key": "ecf-purchases", "type": "definition", "offset": [3893, 3906]}, {"key": "the-payment", "type": "clause", "offset": [3992, 4003]}, {"key": "divided-by", "type": "clause", "offset": [4004, 4014]}, {"key": "sum-of", "type": "clause", "offset": [4019, 4025]}, {"key": "principal-balances", "type": "definition", "offset": [4030, 4048]}, {"key": "second-option", "type": "definition", "offset": [4079, 4092]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [4143, 4166]}, {"key": "made-pursuant-to", "type": "clause", "offset": [4323, 4339]}, {"key": "consideration-paid", "type": "definition", "offset": [4407, 4425]}, {"key": "in-respect-of", "type": "clause", "offset": [4591, 4604]}, {"key": "in-no-event-shall", "type": "clause", "offset": [4687, 4704]}, {"key": "allocation-of", "type": "clause", "offset": [4936, 4949]}, {"key": "the-foregoing", "type": "definition", "offset": [4950, 4963]}, {"key": "the-loan-documents", "type": "clause", "offset": [5014, 5032]}, {"key": "mezzanine-loan-documents", "type": "definition", "offset": [5040, 5064]}, {"key": "exhibit-h", "type": "definition", "offset": [5330, 5339]}, {"key": "issued-to", "type": "definition", "offset": [5379, 5388]}, {"key": "the-selling", "type": "definition", "offset": [5605, 5616]}, {"key": "mezzanine-lender", "type": "definition", "offset": [5617, 5633]}, {"key": "the-purchase-price", "type": "clause", "offset": [5693, 5711]}, {"key": "option-certificates", "type": "clause", "offset": [5764, 5783]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [5802, 5820]}, {"key": "the-closing-date", "type": "clause", "offset": [6061, 6077]}, {"key": "date-of-the-closing", "type": "clause", "offset": [6281, 6300]}, {"key": "transfers-and-assignments", "type": "clause", "offset": [6400, 6425]}, {"key": "assignment-of-a", "type": "clause", "offset": [6544, 6559]}, {"key": "pursuant-to-and-in", "type": "clause", "offset": [6578, 6596]}, {"key": "the-co", "type": "clause", "offset": [6613, 6619]}, {"key": "lender-agreements", "type": "clause", "offset": [6620, 6637]}, {"key": "the-intercreditor-agreement", "type": "clause", "offset": [6642, 6669]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [6711, 6739]}, {"key": "transfer-to", "type": "definition", "offset": [6788, 6799]}, {"key": "issued-in", "type": "definition", "offset": [6898, 6907]}, {"key": "partial-purchases", "type": "clause", "offset": [6924, 6941]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [6973, 6999]}, {"key": "affiliate-of", "type": "definition", "offset": [7081, 7093]}, {"key": "pledge-or-assignment", "type": "clause", "offset": [7485, 7505]}, {"key": "notice-to-servicer", "type": "clause", "offset": [7552, 7570]}, {"key": "information-of", "type": "clause", "offset": [7602, 7616]}, {"key": "new-holder", "type": "definition", "offset": [7621, 7631]}, {"key": "no-other-sales", "type": "clause", "offset": [7666, 7680]}, {"key": "transfers-or-assignments", "type": "clause", "offset": [7691, 7715]}, {"key": "for-payment", "type": "clause", "offset": [7818, 7829]}, {"key": "agreement-or", "type": "definition", "offset": [7860, 7872]}, {"key": "any-person", "type": "definition", "offset": [7881, 7891]}, {"key": "certificate-will", "type": "definition", "offset": [8031, 8047]}, {"key": "most-recent", "type": "definition", "offset": [8177, 8188]}, {"key": "option-register", "type": "definition", "offset": [8234, 8249]}, {"key": "permitted-transferees", "type": "clause", "offset": [8289, 8310]}, {"key": "manifest-error", "type": "definition", "offset": [8772, 8786]}, {"key": "holders-of", "type": "clause", "offset": [8849, 8859]}, {"key": "the-register", "type": "clause", "offset": [8947, 8959]}, {"key": "written-request", "type": "definition", "offset": [8965, 8980]}, {"key": "notice-of-any", "type": "clause", "offset": [9084, 9097]}, {"key": "availability-of-funds", "type": "definition", "offset": [9098, 9119]}, {"key": "rights-under-this-section", "type": "clause", "offset": [9176, 9201]}, {"key": "days-prior", "type": "definition", "offset": [9242, 9252]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [9314, 9339]}, {"key": "payable-to", "type": "definition", "offset": [9356, 9366]}, {"key": "current-holder", "type": "definition", "offset": [9441, 9455]}, {"key": "based-on", "type": "clause", "offset": [9599, 9607]}, {"key": "the-information", "type": "clause", "offset": [9608, 9623]}, {"key": "contained-in", "type": "definition", "offset": [9624, 9636]}], "snippet": "Each First Option Noteholder hereby agrees and acknowledges that its rights to compensation in addition to the purchase prices set forth in this Agreement in connection with any Upfront Purchase, Subsequent Upfront Purchase, Optional Note Purchase (including, for all purposes of this Section 8.1, any Optional Note Purchase completed prior to the date hereof), ECF Purchase and/or Rio Note Purchase of any First Option Note completed in accordance with this Agreement shall be solely as follows:\n(a) Each First Option Noteholder, to the extent each such First Option Noteholder has sold First Option Notes pursuant to the Upfront Purchase, the Subsequent Upfront Purchase, the Optional Note Purchase, the ECF Purchase and/or the Rio Note Purchase provisions of this Agreement shall have the right (1) in the case of clause (i) below, until six (6) months after the maturity date of the Mortgage Loan (as the same may be extended) and (2) in the case of clause (ii) below, until six (6) months after the date the Mortgage Loan is paid in full, in each case, to participate in payments of all net cash proceeds from:\n(i) any sale or other disposition of any Individual Property (other than the Rio Las Vegas made prior to the earlier to occur of (A) the repayment in full of the Loan and the Mezzanine Loan or (B) the Maturity Date of the Loan), including as a result of any casualty or condemnation, in each case in excess of the applicable Release Price (as defined in the Mortgage Loan Agreement and each Mezzanine Loan Agreement) with respect to such Individual Property and not otherwise required to be applied to repay the Loan or any Mezzanine Loan; and\n(ii) any refinancing of the Mortgage Loan and the Mezzanine Loan at any time in which the net proceeds are in excess of the outstanding principal balance of the Mortgage Loan and the Mezzanine Loan at such time. Any such excess proceeds from subclause (i) or (ii) above shall be allocated as follows:\n(A) first, to the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties in an amount equal to aggregate amounts paid in connection with each Upfront Purchase, Subsequent Upfront Purchase, Optional Note Purchase and ECF Purchase plus an amount that would equate to an annual internal rate of return of twenty percent (20%) thereon,\n(B) second, twenty percent (20%) of any remaining amounts shall be allocated to the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties and eighty percent (80%) of such remaining amounts shall be allocated to First Option Noteholders (in the individual amounts specified in Section 8.1(b) below) until each individual First Option Noteholder has received an amount equal to the blended amount of the First Option Notes written off by such First Option Noteholder in connection with each Upfront Purchase, Subsequent Upfront Purchase, Rio Note Purchase, Optional Note Purchase and each ECF Purchase (e.g., (i) 70 cents on the dollar with respect to the Upfront Purchase, the Subsequent Upfront Purchase, each Rio Note Purchase and each ECF Purchase of the Junior Mezzanine Notes, (ii) 50 cents on the dollar with respect to each ECF Purchase and/or Rio Note Purchase of the Senior Mezzanine Notes and Specified Mezzanine Notes, etc.), in the following order of priority:\n(1) first, to First Option Noteholders that have sold First Option Notes that are both Junior Mezzanine Loans and Senior Mezzanine Loans,\n(2) second, to First Option Noteholders that have sold First Option Notes that are Junior Mezzanine Loans only,\n(3) third, to First Option Noteholders that have sold First Option Notes that are Senior Mezzanine Loans only, and\n(C) any remaining amounts to the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties.\n(b) A First Option Noteholder\u2019s proportionate share of any excess proceeds pursuant to Section 8.1(a) shall be calculated as the face amount of the First Option Notes each such First Option Noteholder has sold as Upfront Purchases, Subsequent Upfront Purchases, Optional Note Purchases, ECF Purchases and/or Rio Note Purchases pursuant to provisions of this Agreement as of the date of the payment divided by the sum of the principal balances of all First Option Notes and Second Option Notes that have been extinguished pursuant to the terms of this Agreement in connection with such Upfront Purchases, Subsequent Upfront Purchases, Optional Note Purchases, ECF Purchases and/or Rio Note Purchases.\n(c) All payments made pursuant to this Section 8.1 shall be deemed to constitute additional purchase consideration paid to the First Option Noteholders (on account of the Upfront Purchases, Subsequent Upfront Purchases, Optional Note Purchases, ECF Purchases and/or Rio Note Purchases in respect of First Option Notes effected by such First Option Noteholders, as applicable), and in no event shall the First Option Noteholders and any Borrower (or any of the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties) be deemed to be a co-venturer or partner as a result of the making (or receipt) of any such payments. The \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties may retain or distribute its allocation of the foregoing excess proceeds (free from any restrictions under the Loan Documents or the Mezzanine Loan Documents).\n(d) In connection with each Upfront Purchase, Subsequent Upfront Purchase, Optional Note Purchase, ECF Purchase and/or Rio Note Purchase in respect of First Option Notes effected by First Option Noteholders hereunder, a certificate in the form attached hereto as Exhibit H (a \u201cFirst Option Certificate\u201d) will be issued to each selling First Option Noteholder evidencing such Upfront Purchase, Subsequent Upfront Purchase, Optional Note Purchase, ECF Purchase and/or Rio Note Purchase (which such certificate shall include the identity of the selling Mezzanine Lender, the type and face amount of the Mezzanine Note purchased, the purchase price therefor, and the date of such purchase). The First Option Certificates shall be prepared by or on behalf of the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties. First Option Certificates evidencing the Upfront Purchase, any Optional Note Purchase completed prior to the date hereof and the Subsequent Upfront Purchase will be issued to each applicable First Option Noteholder on the Closing Date. First Option Certificates evidencing any ECF Purchase, Rio Note Purchase or Optional Note Purchase completed on or after the date hereof will be issued to each applicable First Option Noteholder on the date of the closing of any ECF Purchase, Rio Note Purchase or Optional Note Purchase, as applicable.\n(e) The following transfers and assignments of any First Option Certificate shall be permitted: (i) in connection with a sale, transfer, pledge, hypothecation or assignment of a First Option Note pursuant to and in accordance with the Co-Lender Agreements and the Intercreditor Agreement, any First Option Noteholder may, in its sole and absolute discretion, retain or sell, assign, pledge, hypothecate or transfer to any transferee of such First Option Note any one or more First Option Certificates that have been issued in connection with partial purchases of such First Option Note made pursuant to this Agreement, (ii) a First Option Noteholder may transfer any First Option Certificate to any affiliate of such First Option Noteholder, (iii) a First Option Noteholder may transfer any First Option Certificate to any other First Option Noteholder or Second Option Noteholder (as hereinafter defined) and (iv) a First Option Noteholder may transfer any First Option Certificate to any \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Party or affiliate thereof. A First Option Noteholder shall promptly after any such permitted transfer, pledge or assignment of a First Option Certificate provide written notice to Servicer as to the identity and contact information of the new holder of such First Option Certificate. No other sales, pledges, transfers or assignments of First Option Certificates shall be permitted hereunder, and any First Option Certificate submitted for payment pursuant to the terms of this Agreement or held by any person other than the First Option Noteholder to whom such First Option Certificate was issued or any such permitted transferee of a First Option Certificate will be disregarded (and, in such event, any payment payable in respect of any such First Option Certificate shall be paid to (i) the most recent permitted transferee identified in the First Option Register (as herein defined) or (ii) if no such permitted transferees are identified in the First Option Register, the First Option Noteholder to whom such First Option Certificate was issued).\n(f) Servicer shall maintain a register (the \u201cFirst Option Register\u201d) in which will be recorded the identity and contact information for each holder to whom a First Option Certificate is issued, the permitted transferees thereof and all payments, if any, made in connection therewith. The First Option Register shall be conclusive absent manifest error and the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties may rely on it in making payments to holders of First Option Certificates. The \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties shall be permitted to review a copy of the register upon written request made to Servicer. The \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties shall provide each holder of a First Option Certificate written notice of any availability of funds to be disbursed pursuant to a First Option Noteholder\u2019s rights under this Section 8.1 not less than fifteen (15) Business Days prior to the date in such notice for such disbursement. Subject to the provisions of Section 8.1(e), amounts payable to a First Option Noteholder under this Section 8.1 shall be payable to then current holder of each First Option Certificate. Each payment under this Section 8.1 to be made to First Option Noteholders will be calculated and determined based on the information contained in each First Option Certificate submitted to the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties at least five (5) Business Days prior to the date designated by the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 Parties for such payment.", "samples": [{"hash": "8P6HhJjil8T", "uri": "/contracts/8P6HhJjil8T#first-option", "label": "Note Sales Agreement", "score": 31.340862423, "published": true}, {"hash": "cyZlgjyeqmT", "uri": "/contracts/cyZlgjyeqmT#first-option", "label": "Note Sales Agreement (Harrahs Entertainment Inc)", "score": 21.6707734428, "published": true}], "size": 4, "hash": "544253576ac61cab922fae42fe422e34", "id": 5}, {"snippet_links": [{"key": "to-lessee", "type": "clause", "offset": [21, 30]}, {"key": "term-of-this-lease", "type": "definition", "offset": [56, 74]}, {"key": "year-period", "type": "definition", "offset": [90, 101]}, {"key": "commencing-on-the", "type": "clause", "offset": [102, 119]}, {"key": "prior-term", "type": "definition", "offset": [129, 139]}, {"key": "first-option-period", "type": "definition", "offset": [154, 173]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [197, 231]}, {"key": "to-lessor", "type": "definition", "offset": [250, 259]}, {"key": "notice-of-exercise-of-the-option", "type": "clause", "offset": [424, 456]}, {"key": "additional-term", "type": "clause", "offset": [487, 502]}, {"key": "time-being-of-the-essence", "type": "clause", "offset": [504, 529]}, {"key": "notification-of", "type": "definition", "offset": [539, 554]}, {"key": "the-provisions-of", "type": "clause", "offset": [657, 674]}, {"key": "relating-to", "type": "definition", "offset": [713, 724]}, {"key": "default-of-lessee", "type": "clause", "offset": [725, 742]}, {"key": "the-terms-and-conditions-of-this", "type": "clause", "offset": [828, 860]}, {"key": "prior-lessee", "type": "definition", "offset": [938, 950]}, {"key": "under-this-lease", "type": "clause", "offset": [1003, 1019]}, {"key": "the-lessee", "type": "clause", "offset": [1042, 1052]}, {"key": "in-writing", "type": "clause", "offset": [1098, 1108]}, {"key": "extension-of", "type": "clause", "offset": [1113, 1125]}, {"key": "liability-for", "type": "clause", "offset": [1132, 1145]}, {"key": "term-of-the-option", "type": "definition", "offset": [1150, 1168]}, {"key": "subject-to", "type": "definition", "offset": [1178, 1188]}, {"key": "monthly-base-rent", "type": "definition", "offset": [1235, 1252]}, {"key": "five-percent", "type": "clause", "offset": [1311, 1323]}, {"key": "fair-market-rent", "type": "clause", "offset": [1337, 1353]}, {"key": "the-premises", "type": "clause", "offset": [1376, 1388]}, {"key": "commencement-of-the", "type": "clause", "offset": [1399, 1418]}, {"key": "in-no-event", "type": "clause", "offset": [1444, 1455]}, {"key": "scheduled-to-be-paid", "type": "definition", "offset": [1488, 1508]}, {"key": "prior-to-the-commencement", "type": "clause", "offset": [1526, 1551]}], "snippet": "Lessor hereby grants to Lessee the option to extend the term of this Lease for a five (5) year period commencing on the date the prior term expires (the \"First Option Period\") upon each and all of the following terms and conditions:\n(a) Lessee gives to Lessor on a date which is prior to the date that the First Option Period would commence (if exercised) by at least six (6) and not more than twelve (12) months, a written notice of exercise of the option to extend this Lease for said additional term, time being of the essence. If said notification of the exercise of said option is not so given and received, this option shall automatically expire;\n(b) The provisions of Paragraph 39, including the provision relating to default of Lessee set forth in Paragraph 39.4, of this Lease are conditions of this option;\n(c) All of the terms and conditions of this Lease except where specifically modified by this option shall apply;\n(d) Any prior Lessee that has not been expressly released from liability under this Lease, and any guarantor of the Lessee's performance hereunder, expressly reaffirms in writing the extension of their liability for the term of the option; and\n(e) Subject to adjustment as provided in Paragraph 39.8, the monthly Base Rent for each month of the First Option Period shall be ninety-five percent (95%) of the Fair Market Rent (as defined below) of the Premises as of the commencement of the First Option Period, but in no event less than the monthly Base Rent scheduled to be paid during the month prior to the commencement of the First Option Period.", "samples": [{"hash": "jg4aU8bhruX", "uri": "/contracts/jg4aU8bhruX#first-option", "label": "Lease (Vans Inc)", "score": 18.0, "published": true}, {"hash": "8NdG1VqZ6lh", "uri": "/contracts/8NdG1VqZ6lh#first-option", "label": "Lease (Vans Inc)", "score": 18.0, "published": true}], "size": 6, "hash": "b4f76f03ce992d886bc1fcefdb888bd4", "id": 2}, {"snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "at-any-time", "type": "clause", "offset": [18, 29]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [30, 63]}, {"key": "bona-fide-offers", "type": "clause", "offset": [86, 102]}, {"key": "another-party", "type": "definition", "offset": [108, 121]}, {"key": "provision-of", "type": "clause", "offset": [158, 170]}, {"key": "service-offering", "type": "clause", "offset": [185, 201]}, {"key": "similar-to", "type": "definition", "offset": [202, 212]}, {"key": "services-provided-by", "type": "clause", "offset": [229, 249]}, {"key": "service-to-be-provided", "type": "clause", "offset": [505, 527]}, {"key": "to-the-extent", "type": "clause", "offset": [534, 547]}, {"key": "confidentiality-agreement", "type": "definition", "offset": [570, 595]}, {"key": "general-terms-and-conditions", "type": "definition", "offset": [632, 660]}, {"key": "the-right", "type": "clause", "offset": [743, 752]}, {"key": "first-option-right", "type": "clause", "offset": [767, 785]}, {"key": "the-products-and-services", "type": "clause", "offset": [798, 823]}, {"key": "agreement-to", "type": "definition", "offset": [844, 856]}, {"key": "notice-of", "type": "clause", "offset": [1042, 1051]}, {"key": "election-to-expand", "type": "clause", "offset": [1064, 1082]}, {"key": "coverage-of-this-agreement", "type": "clause", "offset": [1087, 1113]}, {"key": "business-days-of", "type": "clause", "offset": [1215, 1231]}, {"key": "receipt-of", "type": "clause", "offset": [1244, 1254]}, {"key": "provide-the", "type": "clause", "offset": [1324, 1335]}, {"key": "agreement-for", "type": "clause", "offset": [1379, 1392]}, {"key": "by-publisher", "type": "clause", "offset": [1420, 1432]}, {"key": "to-this-agreement", "type": "clause", "offset": [1538, 1555]}, {"key": "in-accordance-with", "type": "definition", "offset": [1609, 1627]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [1632, 1670]}, {"key": "the-price", "type": "clause", "offset": [1682, 1691]}, {"key": "as-specified", "type": "clause", "offset": [1710, 1722]}, {"key": "contained-in", "type": "definition", "offset": [1752, 1764]}, {"key": "the-third-party", "type": "definition", "offset": [1765, 1780]}, {"key": "scope-of-this-agreement", "type": "clause", "offset": [1910, 1933]}, {"key": "notice-to", "type": "definition", "offset": [2011, 2020]}], "snippet": "In the event YPS, at any time during the term of this Agreement, receives one or more bona fide offers from another party to have YPS provide, or support the provision of, a product or service offering similar to the products or services provided by YPS hereunder within any portion of the [***], YPS immediately thereafter shall notify Publisher of the offer(s). The notification from YPS shall identify the portion of the [***] to which the offer(s) relates, contain a description of the product and/or service to be provided, and (to the extent not proscribed by any confidentiality agreement by which YPS is bound) disclose the general terms and conditions upon which the product or service is proposed to be provided. Publisher will have the right (Publisher\u2019s \u201cFirst Option Right\u201d) to expand the products and services provided under this Agreement to include any of Publisher\u2019s classified directories that are published and distributed primarily within that portion of the [***] identified in YPS\u2019s notice, provided Publisher gives YPS notice of Publisher\u2019s election to expand the coverage of this Agreement and the products and services provided hereunder to one or more of those directories within ten (10) business days of Publisher\u2019s receipt of YPS\u2019s notice. If Publisher so notifies YPS, YPS will be obligated to provide the products and services contemplated in this Agreement for the directories identified by Publisher and those directories thereafter shall be considered a part of, and included in, the Directories subject to this Agreement. Those products and services will be provided by YPS in accordance with the terms and conditions of this Agreement, including the price for such services as specified in this Agreement. The terms contained in the third party offer(s) will not apply to YPS\u2019s provision of such products or services. To the extent Publisher does not so elect to expand the scope of this Agreement, YPS shall be permitted to accept the third party offer(s) identified in its notice to Publisher.", "samples": [{"hash": "fNjBeUZUgyZ", "uri": "/contracts/fNjBeUZUgyZ#first-option", "label": "Internet Services Agreement (Local Matters Inc.)", "score": 21.0, "published": true}, {"hash": "blDNGZHwO0A", "uri": "/contracts/blDNGZHwO0A#first-option", "label": "Internet Services Agreement (Local Matters Inc.)", "score": 21.0, "published": true}, {"hash": "Ggzlq4rnIV", "uri": "/contracts/Ggzlq4rnIV#first-option", "label": "Internet Services Agreement (Local Matters Inc.)", "score": 21.0, "published": true}], "size": 5, "hash": "f61823b221ec1a7b404a7949ec5b3160", "id": 4}, {"snippet_links": [{"key": "provided-that", "type": "clause", "offset": [0, 13]}, {"key": "under-this-lease", "type": "clause", "offset": [39, 55]}, {"key": "notice-and-cure-period", "type": "definition", "offset": [78, 100]}, {"key": "of-tenant", "type": "clause", "offset": [133, 142]}, {"key": "the-extended-term", "type": "clause", "offset": [167, 184]}, {"key": "tenant-will", "type": "clause", "offset": [196, 207]}, {"key": "the-option", "type": "clause", "offset": [213, 223]}, {"key": "to-extend", "type": "clause", "offset": [245, 254]}, {"key": "term-of-this-lease", "type": "definition", "offset": [259, 277]}, {"key": "initial-term", "type": "clause", "offset": [324, 336]}, {"key": "period-of", "type": "definition", "offset": [357, 366]}, {"key": "first-option-period", "type": "definition", "offset": [388, 407]}, {"key": "same-terms", "type": "clause", "offset": [420, 430]}, {"key": "conditions-of-this", "type": "clause", "offset": [446, 464]}, {"key": "in-the-event", "type": "clause", "offset": [585, 597]}, {"key": "to-exercise", "type": "clause", "offset": [613, 624]}, {"key": "tenant-shall", "type": "clause", "offset": [648, 660]}, {"key": "prior-to-the", "type": "clause", "offset": [687, 699]}, {"key": "expiration-of-the", "type": "clause", "offset": [700, 717]}, {"key": "notice-of", "type": "clause", "offset": [777, 786]}, {"key": "landlord-shall", "type": "clause", "offset": [800, 814]}, {"key": "within-thirty", "type": "clause", "offset": [816, 829]}, {"key": "receipt-of", "type": "clause", "offset": [843, 853]}, {"key": "in-writing", "type": "clause", "offset": [881, 891]}, {"key": "to-charge", "type": "clause", "offset": [937, 946]}, {"key": "of-landlord", "type": "clause", "offset": [1020, 1031]}, {"key": "election-of", "type": "clause", "offset": [1102, 1113]}, {"key": "acceptance-of", "type": "definition", "offset": [1149, 1162]}, {"key": "provisions-for", "type": "clause", "offset": [1190, 1204]}, {"key": "landlord-and-tenant", "type": "clause", "offset": [1244, 1263]}, {"key": "lease-extension-agreement", "type": "clause", "offset": [1292, 1317]}, {"key": "minimum-monthly-rental", "type": "clause", "offset": [1343, 1365]}, {"key": "to-be-determined", "type": "definition", "offset": [1498, 1514]}, {"key": "pursuant-to-subparagraph", "type": "clause", "offset": [1515, 1539]}, {"key": "notify-landlord", "type": "clause", "offset": [1581, 1596]}, {"key": "the-lease", "type": "clause", "offset": [1715, 1724]}, {"key": "by-the-parties", "type": "clause", "offset": [1807, 1821]}, {"key": "rights-hereunder", "type": "clause", "offset": [1871, 1887]}, {"key": "relates-to", "type": "definition", "offset": [1918, 1928]}, {"key": "by-tenant", "type": "clause", "offset": [1952, 1961]}], "snippet": "Provided that Tenant is not in default under this Lease beyond any applicable notice and cure period, either at the time of exercise of Tenant's option or at the time the extended term commences, Tenant will have the option (the \"First Option\") to extend the term of this Lease beyond the initial 6 year, 2 month term (the \"Initial Term\") for an additional period of five (5) years (the \"First Option Period\"), upon the same terms, covenants and conditions of this Lease, except that the minimum monthly rent during the First Option Period will be determined as hereinafter set forth. In the event Tenant desires to exercise Tenant's First Option, Tenant shall, at least nine (9) months prior to the expiration of the Initial Term, so advise Landlord by an unequivocal written notice of such desire. Landlord shall, within thirty (30) days of receipt of such notice, advise Tenant in writing of the minimum monthly rent Landlord desires to charge for the First Option Period. Within thirty (30) days of Tenant's receipt of Landlord's notification, Tenant shall advise Landlord, in writing, of Tenant's election of one of the following: (i) Tenant's acceptance of Landlord's proposed rental provisions for the First Option Period (in which case Landlord and Tenant shall promptly enter into a Lease Extension Agreement incorporating Landlord's minimum monthly rental determination), or (ii) Tenant's desire to exercise the First Option, but with the minimum monthly rent for the First Option Period to be determined pursuant to subparagraph (C), below. In the event Tenant fails to notify Landlord of either option set forth in (i) and (ii), above, Tenant shall be deemed to have not exercised the First Option, and the Lease shall terminate at the expiration of the Initial Term. Unless otherwise agreed to by the parties in writing, Tenant's exercise of Tenant's option rights hereunder shall only be effective if it relates to all space being leased by Tenant at the time of such exercise.", "samples": [{"hash": "kqsSATVKlqO", "uri": "/contracts/kqsSATVKlqO#first-option", "label": "Lease Agreement (Fidelity Leasing Inc)", "score": 18.0, "published": true}], "size": 6, "hash": "26dea898116371935b56440591cda778", "id": 3}, {"snippet_links": [{"key": "joint-venture-interest", "type": "clause", "offset": [47, 69]}, {"key": "proposing-transferor", "type": "definition", "offset": [101, 121]}, {"key": "transfer-notice", "type": "definition", "offset": [136, 151]}, {"key": "other-shareholder", "type": "definition", "offset": [159, 176]}, {"key": "prescribed-price", "type": "definition", "offset": [193, 209]}, {"key": "upon-receipt-of-a", "type": "clause", "offset": [211, 228]}, {"key": "the-right", "type": "clause", "offset": [279, 288]}, {"key": "period-of", "type": "definition", "offset": [312, 321]}, {"key": "the-joint-venture", "type": "definition", "offset": [358, 375]}], "snippet": "Before transferring or disposing of all of its Joint Venture Interest (or any interest therein), the Proposing Transferor shall serve a Transfer Notice on the other Shareholder stipulating the Prescribed Price. Upon receipt of a Transfer Notice, the other Shareholder shall have the right and first option for a period of thirty (30) days to purchase all of the Joint Venture Interest at the Prescribed Price.", "samples": [{"hash": "zGmX3f38Qw", "uri": "/contracts/zGmX3f38Qw#first-option", "label": "Shareholders Agreement (Libbey Inc)", "score": 18.0, "published": true}, {"hash": "3WPGZtvLPts", "uri": "/contracts/3WPGZtvLPts#first-option", "label": "Shareholder Agreement (Libbey Inc)", "score": 18.0, "published": true}], "size": 4, "hash": "ce144318dd23e6a288b385b4b6be1293", "id": 6}, {"snippet_links": [{"key": "the-term-of-the-lease", "type": "clause", "offset": [64, 85]}, {"key": "additional-term", "type": "clause", "offset": [98, 113]}, {"key": "first-option-term", "type": "clause", "offset": [138, 155]}, {"key": "the-premises", "type": "clause", "offset": [192, 204]}, {"key": "of-tenant", "type": "clause", "offset": [251, 260]}, {"key": "to-landlord", "type": "clause", "offset": [317, 328]}, {"key": "prior-to-the", "type": "clause", "offset": [403, 415]}, {"key": "expiration-date", "type": "clause", "offset": [416, 431]}, {"key": "pursuant-to", "type": "definition", "offset": [452, 463]}, {"key": "personal-to-tenant", "type": "clause", "offset": [483, 501]}, {"key": "right-to-exercise", "type": "clause", "offset": [536, 553]}, {"key": "in-default", "type": "clause", "offset": [611, 621]}, {"key": "time-of-exercise", "type": "definition", "offset": [629, 645]}, {"key": "commencement-of-the", "type": "clause", "offset": [664, 683]}, {"key": "assignment-of-the-lease", "type": "clause", "offset": [879, 902]}, {"key": "null-and-void", "type": "definition", "offset": [920, 933]}, {"key": "option-granted", "type": "clause", "offset": [948, 962]}, {"key": "terms-of-the-lease", "type": "clause", "offset": [990, 1008]}, {"key": "annual-base-rent", "type": "clause", "offset": [1026, 1042]}, {"key": "each-year", "type": "definition", "offset": [1050, 1059]}, {"key": "equal-to", "type": "definition", "offset": [1103, 1111]}, {"key": "rent-payable", "type": "definition", "offset": [1129, 1141]}, {"key": "last-year", "type": "definition", "offset": [1149, 1158]}, {"key": "initial-term", "type": "clause", "offset": [1166, 1178]}, {"key": "more-specifically", "type": "clause", "offset": [1183, 1200]}, {"key": "by-tenant", "type": "clause", "offset": [1251, 1260]}, {"key": "the-commencement-date", "type": "clause", "offset": [1273, 1294]}, {"key": "failure-to-exercise", "type": "definition", "offset": [1305, 1324]}, {"key": "tenant-shall", "type": "clause", "offset": [1343, 1355]}, {"key": "rights-to-extend-the-term", "type": "clause", "offset": [1372, 1397]}], "snippet": "Landlord grants Tenant an option (the \"First Option\") to extend the term of the Lease for one (1) additional term of five (5) years (the \"First Option Term\"). The First Option applies only to the Premises and is on the following conditions:\nA. Notice of Tenant's interest in exercising the First Option must be given to Landlord no earlier than fourteen (14) months and no later than twelve (12) months prior to the Expiration Date.\nB. Tenant's rights pursuant to this paragraph are personal to Tenant and may not be assigned. Tenant's right to exercise the First Option is conditioned on: (i) Tenant not being in default at the time of exercise or at the time of commencement of the First Option Term; and (ii) Tenant not having subleased or vacated more than 25% of the Premises or assigned its interest under the Lease as of the commencement of the First Option Term. Upon an assignment of the Lease, this Section is null and void.\nC. The First Option granted hereunder will be upon the terms of the Lease, except that the annual Base Rent during each year of the First Option Term will be an amount equal to 115% of the Base Rent payable in the last year of the Initial Term, as more specifically referenced in the commencement agreement executed by Tenant on or about the Commencement Date.\nD. After failure to exercise the First Option, Tenant shall have no further rights to extend the Term.", "samples": [{"hash": "9z7o3sO2XAn", "uri": "/contracts/9z7o3sO2XAn#first-option", "label": "Office Lease (Kroll Inc)", "score": 18.0, "published": true}, {"hash": "6YJK3VsdEtU", "uri": "/contracts/6YJK3VsdEtU#first-option", "label": "Office Lease (Factual Data Corp)", "score": 18.0, "published": true}], "size": 3, "hash": "0619e996325f6d52aa22efcee09e362a", "id": 10}, {"snippet_links": [{"key": "in-further-consideration", "type": "clause", "offset": [0, 24]}, {"key": "exercise-of-the-first-option", "type": "clause", "offset": [33, 61]}, {"key": "pay-to", "type": "definition", "offset": [75, 81]}, {"key": "sales-of-product", "type": "clause", "offset": [103, 119]}, {"key": "in-respect-of", "type": "clause", "offset": [142, 155]}, {"key": "each-calendar-year", "type": "definition", "offset": [179, 197]}, {"key": "rate-of", "type": "clause", "offset": [205, 212]}, {"key": "set-out", "type": "definition", "offset": [221, 228]}, {"key": "the-relevant", "type": "clause", "offset": [238, 250]}], "snippet": "In further consideration for the exercise of the First Option, ROCHE shall pay to ENS royalties on Net Sales of Product calculated separately in respect of each band of income in each calendar year at the rate of royalty set out opposite the relevant band in the table below. Royalties on Net Sales below **** * *** Royalties on Net Sales **** * *** Royalties on Net Sales **** * *** Royalties on Net Sales **** * *** Royalties on Net Sales above **** * ***", "samples": [{"hash": "ilezQ95OxW1", "uri": "/contracts/ilezQ95OxW1#first-option", "label": "License Agreement (Evotec AG)", "score": 21.0, "published": true}, {"hash": "gIACPtgbD16", "uri": "/contracts/gIACPtgbD16#first-option", "label": "License Agreement (Evotec AG)", "score": 21.0, "published": true}, {"hash": "eamNp57hDTU", "uri": "/contracts/eamNp57hDTU#first-option", "label": "License Agreement (Evotec AG)", "score": 21.0, "published": true}], "size": 3, "hash": "c3c6a550c45d432060cf515be78a5c73", "id": 8}, {"snippet_links": [{"key": "in-further-consideration", "type": "clause", "offset": [0, 24]}, {"key": "exercise-of-the-first-option", "type": "clause", "offset": [33, 61]}, {"key": "pay-to", "type": "definition", "offset": [75, 81]}, {"key": "in-accordance-with", "type": "definition", "offset": [108, 126]}, {"key": "set-out", "type": "definition", "offset": [144, 151]}, {"key": "phase-ii-initiation", "type": "definition", "offset": [164, 183]}, {"key": "phase-iii-initiation", "type": "definition", "offset": [190, 210]}, {"key": "nda-filing", "type": "clause", "offset": [217, 227]}, {"key": "first-indication", "type": "clause", "offset": [231, 247]}, {"key": "first-commercial-sale", "type": "clause", "offset": [349, 370]}, {"key": "first-time", "type": "definition", "offset": [454, 464]}, {"key": "annual-net-sales", "type": "clause", "offset": [465, 481]}], "snippet": "In further consideration for the exercise of the First Option, ROCHE shall pay to ENS the following amounts in accordance with and at the times set out as follows. 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