{"component": "clause", "props": {"groups": [{"size": 98, "snippet": "During the period from the date of this Agreement until the earlier of the Merger Effective Time and the date, if any, on which this Agreement is terminated pursuant to Section 9.1, except as may be required by Law, as expressly contemplated by this Agreement (including without limitation necessary steps to be taken in connection with the BDC Election) or as set forth in Section 6.2 of the Company Disclosure Schedule or the Acquiror Disclosure Schedule, as applicable, neither the Company nor Acquiror shall, and neither shall permit any of its respective Consolidated Subsidiaries to, directly or indirectly, without the prior written consent of Acquiror or the Company, as applicable (which prior written consent shall not be unreasonably delayed, conditioned or withheld):\n(a) Other than pursuant to such party\u2019s dividend reinvestment plan as in effect as of the date of this Agreement or pursuant to capital calls 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termination of this Agreement pursuant to Article 6 or the Effective Time, except as expressly contemplated or permitted by this Agreement or as otherwise indicated in this Section 4.2 or required by law, neither Business Bank nor the Bank shall, without the prior written consent of the chief executive officer or chief financial officer of SBC (or, with respect to Section 4.2(u) or 4.2(w), the chief credit officer or chief lending officer of SBC) (which consent shall not be unreasonably withheld or delayed):\n(a) amend its Organizational Documents or any resolution or agreement concerning indemnification of its directors or officers;\n(b) Except as set forth in Section 4.2(b) of the Company Disclosure Letter (i) adjust, split, combine, subdivide or reclassify any capital stock, (ii) make, declare, set aside or pay any dividend or make any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire, any shares of its capital stock or any securities or obligations convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) into or exchangeable for any shares of its capital stock, (iii) grant any Rights, (iv) issue, sell, pledge, dispose of, grant, transfer, lease, license, guarantee, encumber, or authorize the issuance, sale, pledge, disposition, grant, transfer, lease, license, guarantee or encumbrance of, any shares of its capital stock except pursuant to the exercise of Business Bank Equity Awards outstanding as of the date of this Agreement, or (v) make any change in any instrument or Contract governing the terms of any of its securities;\n(c) other than in the ordinary course of business or consistent with past practice or permitted by this Agreement, make any investment (either by purchase of stock or securities, contributions to capital, property transfers, or purchase of any property or assets) in any other Person;\n(i) charge off (except as may otherwise be required by law or by regulatory authorities or by GAAP) or sell (except in the ordinary course of business consistent with past practice) any of its portfolio of loans, discounts or financing leases, or (ii) sell any asset held as other real estate or other foreclosed assets for an amount less than its book value;\n(e) terminate or allow to be terminated any of the policies of insurance it maintains on its business or property, cancel any material indebtedness owing to it or any claims that it may have possessed, or waive any right of substantial value or discharge or satisfy any material noncurrent liability;\n(f) enter into any new line of business, or change its lending, investment, underwriting, risk and asset liability management and other banking and operating policies, except as required by applicable Laws or any policies imposed on it by any Governmental Authority;\n(g) except in the ordinary course of business consistent with past practice: (i) lend any money or pledge any of its credit in connection with any aspect of its business whether as a guarantor, surety, issuer of a letter of credit or otherwise, (ii) mortgage or otherwise subject to any Lien, encumbrance or other liability any of its assets, (iii) except for property held as other real estate owned, sell, assign or transfer any of its assets in excess of $50,000 in the aggregate or (iv) incur any material liability, commitment, indebtedness or obligation (of any kind whatsoever, whether absolute or contingent), or cancel, release or assign any indebtedness of any Person or any claims against any Person, except pursuant to Contracts in force as of the date of this Agreement and disclosed in Section 4.2(g) of the Company Disclosure Letter or transfer, agree to transfer or grant, or agree to grant a license to, any of its material Intellectual Property;\n(h) other than in the ordinary course of business consistent with past practice, incur any indebtedness for borrowed money (other than short-term indebtedness incurred to refinance short-term indebtedness (it being understood that for purposes of this Section 4.2(h), \u201cshort-term\u201d shall mean maturities of six months or less)); assume, guarantee, endorse or otherwise as an accommodation become responsible for the obligations of any Person;\n(i) other than purchases of investment securities in the ordinary course of business consistent with past practice or in consultation with SBC, restructure or change its investment securities portfolio or its gap position, through purchases, sales or otherwise, or the manner in which the portfolio is classified or reported;\n(j) terminate or waive any material provision of any Contract other than normal renewals of Contracts without materially adverse changes of terms or otherwise amend or modify any material Contract;\n(k) other than in the ordinary course of business and consistent with past practice or as required by Benefit Plans and Contracts as in effect at the date of this Agreement or as set forth in Section 4.2(k) of the Company Disclosure Letter, (i) increase in any manner the compensation or fringe benefits of, or grant any bonuses to, any of its officers, employees or directors, whether under a Benefit Plan or otherwise, (ii) pay any pension or retirement allowance not required by any existing Benefit Plan or Contract to any such officers, employees or directors, (iii) become a party to, amend or commit itself to any Benefit Plan or Contract (or any individual Contracts evidencing grants or awards thereunder) or employment agreement, retention agreement or severance arrangement with or for the benefit of any officer, employee or director, (iv) make any changes to a Benefit Plan that are not required by Law or (v) hire or terminate the employment of a chief executive officer, president, chief financial officer, chief risk officer, chief credit officer, internal auditor, general counsel or other officer holding the position of senior vice president or above or any employee with annual base salary and annual incentive compensation that is reasonably anticipated to exceed $100,000;\n(l) settle any Litigation, except in the ordinary course of business;\n(m) revalue any of its or its Subsidiaries\u2019 assets or change any method of accounting or accounting practice used by it or its Subsidiaries, other than changes required by GAAP or the FDIC or any Regulatory Authority;\n(n) file or amend any Tax Return except in the ordinary course of business; settle or compromise any Tax Liability; or make, change or revoke any Tax election or change any method of Tax accounting, except as required by applicable Law; enter into any \u201cclosing agreement\u201d as described in Section 7121 of the Internal Revenue Code (or any similar provision of state, local or foreign Law); surrender any claim for a refund of Taxes; or consent to any extension or waiver of the limitations period applicable to any claim or assessment with respect of Taxes;\n(o) knowingly take, or knowingly omit to take, any action that is reasonably likely to result in any of the conditions to the Merger set forth in Article 5 not being satisfied, except as may be required by applicable Law; provided, that nothing in this Section 4.2(o) shall preclude Business Bank from exercising its rights under Sections 4.5(a) or 4.12;\n(p) merge or consolidate with any other Person;\n(q) acquire assets outside of the ordinary course of business consistent with past practice from any other Person with a value or purchase price in the aggregate in excess of $50,000, other than purchase obligations pursuant to Contracts to the extent in effect immediately prior to the execution of this Agreement and described in Section 4.2(q) of the Company Disclosure Letter;\n(r) enter into any Contract that is material and would have been material had it been entered into prior to the execution of this Agreement;\n(s) except in the ordinary course of business consistent with past practice, make any adverse changes in the mix, rates, terms or maturities of its deposits or other Liabilities;\n(t) close or relocate any existing branch or facility;\n(u) make any extension of credit that, when added to all other extensions of credit to a borrower and its affiliates, would exceed its applicable regulatory lending limits;\n(v) take any action or fail to take any action that will cause Business Bank\u2019s Consolidated Tangible Shareholders\u2019 Equity at the Effective Time to be less than the Business Bank Target Consolidated Tangible Shareholders\u2019 Equity at the Effective Time;\n(w) make any loans, or enter into any commitments to make loans, which vary other than in immaterial respects from its written loan policies, a true and correct copy of such policies has been provided to or made available to Seacoast; provided, that this covenant shall not prohibit the Bank from extending or renewing credit or loans in the ordinary course of business consistent with past lending practices or in connection with the workout or renegotiation of loans currently in its loan portfolio; provided further, that from the date hereof, any new individual loan or new extension of credit in excess of $250,000 and which is unsecured, or $1.0 million and which is secured, shall require the written approval of the chief executive officer, chief lending officer or chief credit officer of SNB, which approval shall not be unreasonably withheld or delayed, and the approval or rejection shall be given in writing within two (2) Business Days after the loan package is delivered to SNB;\n(x) take any action that at the time of taking such action is reasonably likely to prevent, or would materially interfere with, the consummation of the Merger;\n(y) knowingly take any action that would prevent or impede the Merger and the Bank Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code; or\n(z) agree or commit to take any of the 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10006]}], "hash": "2cd71ad6864dbe9363c8abc7ce01640d", "id": 5}, {"size": 10, "snippet": "During the period from the date of this Agreement to the Effective Time, except as set forth in the \u2587\u2587\u2587\u2587\u2587 Fargo Disclosure Schedule or the Norwest Disclosure Schedule, as the case may be, and, except as expressly contemplated or permitted by this Agreement or the Option Agreements, neither \u2587\u2587\u2587\u2587\u2587 Fargo nor Norwest shall, and neither \u2587\u2587\u2587\u2587\u2587 Fargo nor Norwest shall permit any of their respective Subsidiaries to, without the prior written consent of the other party to this Agreement:\n(a) other than in the ordinary course of business, incur any indebtedness for borrowed money (other than short-term indebtedness incurred to refinance short-term indebtedness and indebtedness of Norwest or any of its wholly-owned Subsidiaries to Norwest or any of its Subsidiaries, on the one hand, or of \u2587\u2587\u2587\u2587\u2587 Fargo or any of 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course under any revolving credit facility, settlement facility, commercial paper program, corporate credit facility or other line of credit, in each case existing on February 3, 2020 up to the amount committed thereunder on February 3, 2020 (or any amendment or replacement thereof, in each case, so long as the amount of borrowings under such amended or replaced facility or program is not greater than the committed amount of such facility or program on February 3, 2020 and the amendment or replacement contains customary commercial terms consistent in all material respects with the existing facility, and that such facility or program does not delay or impair the ability of the applicable party from consummating the transactions contemplated hereby and is prepayable without additional interest or penalty), (iii) guarantees by Viking or any direct or indirect wholly-owned Viking Subsidiary of indebtedness of Viking or any other direct or indirect wholly-owned Viking Subsidiary, (iv) guarantees by Camber or any direct or indirect wholly-owned Camber Subsidiary of indebtedness of Camber or any other direct or indirect wholly-owned Camber Subsidiary, (v) any indebtedness incurred to refinance, roll-over, replace or renew any indebtedness existing on February 3, 2020, so long as, in each case, (1) the principal amount of such refinancing, roll-over, replacement or renewed indebtedness is not greater than the principal amount of the indebtedness being refinanced, rolled-over, replaced or renewed (plus accrued interest, and a reasonable amount of premium, fees and expenses incurred in connection with such refinancing) and (2) such indebtedness is on customary commercial terms consistent in all material respects with the indebtedness being refinanced, rolled-over, replaced or renewed, including that such facility or program does not delay or impair the ability of the applicable party from consummating the transactions contemplated hereby and is prepayable without additional interest or penalty, (vi) indebtedness incurred in respect of letters of credit, performance bonds, surety bonds, appeal bonds or other similar arrangements in the ordinary course, (vii) capital lease, purchase money or equipment financing arrangements entered into in the ordinary course of business, (viii) indebtedness arising from customary cash management and treasury services and the honoring of checks, drafts or similar instruments against insufficient funds or from the endorsement of instruments for collection, in each case, in the ordinary course of business, (ix) interest, exchange rate and commodity swaps, options, futures, forward contracts and similar derivatives or other hedging contracts (1) not entered for speculative purposes and (2) entered into in the ordinary course consistent with past practice and in compliance with its risk management and hedging policies or practices in effect on February 3, 2020 and (x) other indebtedness incurred by mutual agreement of Viking and Camber in accordance with Section 6.17;\n(b) (i) adjust, split, combine or reclassify any capital stock;\n(ii) make, declare, pay or set a record date for any dividend, or any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire, any shares of its capital stock or other equity or voting securities or any securities or obligations convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) or exchangeable into or exercisable for any shares of its capital stock or other equity or voting securities, including any Viking Securities or Viking Subsidiary Securities, in the case of Viking, or Camber Securities or Camber Subsidiary Securities, in the case of Camber, except, in each case, (A) subject to Section 6.10, quarterly cash dividends by Viking or Camber, (B) dividends paid by any of the Subsidiaries of each of Viking and Camber to Viking or Camber or any of their wholly-owned Subsidiaries, respectively, or dividends paid by any of their respective non-wholly owned Subsidiary joint ventures in the ordinary course of business as required by any joint venture agreements in effect as of February 3, 2020 and disclosed, in the case of joint ventures, in Section 5.2(b)(ii)(B) of the Viking Disclosure Schedule or the Camber Disclosure Schedule, as applicable, or (C) the acceptance of shares of Viking Common Stock, Viking Preferred Stock or Camber Common Stock, as the case may be, as payment for the exercise price of stock options or for withholding Taxes incurred in connection with the exercise of stock options or the vesting or settlement of equity compensation awards, or the payment of dividend equivalents thereon, in each case, in accordance with past practice and the terms of the applicable award agreements;", "samples": [{"hash": "9qcsD9YEwTP", "uri": "/contracts/9qcsD9YEwTP#forbearances", "label": "Agreement and Plan of Merger (Viking Energy 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other distributions, directly or indirectly, in respect of its capital stock (other than dividends from a Subsidiary of Seller to Seller or another Subsidiary of Seller), except that Seller may (i) declare and pay cash dividends on the Seller Common Stock of not more than $.17 per share per quarterly period and (ii) declare and pay cash dividends on Seller Preferred Stock of not more than $.8125 per share per quarterly period; provided, that the parties agree to consult with respect to the last quarterly dividend of Seller payable prior to the Effective Time with the object of assuring that the shareholders of Seller do not receive a shortfall or a premium based on the record and payment dates of their last dividend prior to the Merger and the record and payment dates of the first dividend of Buyer following the Merger; or\n(b) enter into or amend any employment, severance or similar agreement or arrangement with any director or of- ficer or employee, or materially modify any of the Seller Employee Plans or grant any salary or wage increase or ma- terially increase any employee benefit (including incentive or bonus payments), except normal individual increases in compensation to employees consistent with past practice, or as required by law or contract; or\n(c) authorize, recommend (subject to the fiduciary duties of Seller's Board of Directors, based upon written advice of counsel to Seller, which counsel is reasonably acceptable to Buyer), propose or announce an intention to authorize, so recommend or propose, or enter into an agree- ment in principle with respect to, any merger, consolida- tion or business combination (other than the Merger), any acquisition of a material amount of assets or securities, any disposition of a material amount of assets or securi- ties or any release or relinquishment of any material con- tract rights; or\n(d) propose or adopt any amendments to its articles of incorporation, association or other charter document or bylaws; or\n(e) issue, sell, grant, confer or award any of its Equity Securities (except that Seller may (i) issue shares of Seller Common Stock upon exercise of Seller Stock Op- tions outstanding on the date of this Agreement, (ii) issue shares of Seller Common Stock upon the conversion of Seller Preferred Stock, (iii) issue shares of Seller Common Stock as contemplated by the Seller's Supplemental Pension Plan, or (iv) issue shares of Seller Common Stock pursuant to the Seller's dividend reinvestment plan) or effect any stock split or adjust, combine, reclassify or otherwise change its capitalization as it existed on the date of this Agree- ment; or\n(f) purchase, redeem, retire, repurchase, or ex- change, or otherwise acquire or dispose of, directly or indirectly, any of its Equity Securities, whether pursuant to the terms of such Equity Securities or otherwise; pro- vided, however, that Seller shall be permitted to purchase up to 6,973,380 shares of Seller Common Stock (as contem- plated by Section 5.17) at a purchase price per share not to exceed $22.00 per share; or\n(i) without first consulting with Buyer, enter into, renew or increase any loan or credit commitment (in- cluding stand-by letters of credit) to, or invest or agree to invest in any person or entity or modify any of the ma- terial provisions or renew or otherwise extend the maturity date of any existing loan or credit commitment (col- lectively, \"Lend to\") in an amount in excess of (A) $500,000 in respect of commercial transactions, including commercial real estate transactions (\"Commercial Transac- tions\") and (B) $1,000,000 in respect of residential real estate transactions, or in an amount which, or when ag- gregated with any and all loans or credit commitments to such person or entity, would be in excess of (A) $500,000 in respect of commercial transactions, including Commercial Transactions and (B) $1,000,000 in respect of residential real estate transactions; (ii) without first obtaining the written consent of Buyer, lend to any person or entity in an amount in excess of $750,000 in respect of Commercial Transactions or in an amount which, when aggregated with any and all loans or credit commitments to such person or entity, would be in excess of $750,000 in respect of Com- mercial Transactions; (iii) Lend to any person other than in accordance with lending policies as in effect on the date hereof; provided that in the case of clauses (ii) and (iii) Seller or any Seller Subsidiary may make any such loan in the event (A) Seller or any Seller Subsidiary has delivered to Buyer or its designated representative a no- \u2587\u2587\u2587\u2587 of its intention to make such loan and such informa- tion as Buyer or its designated representative may reason- ably require in respect thereof and (B) Buyer or its desig- nated representative shall not have reasonably objected to such loan by giving written or facsimile notice of such objection within two business days following the delivery to Buyer of the notice of intention and information as aforesaid; or (iv) Lend to any person or entity any of the loans or other extensions of credit to which or investments in which are on a \"watch list\" or similar internal report of Seller or any Seller Subsidiary (except those denoted \"pass\" thereon), in an amount in excess of $250,000; pro- vided, however, that nothing in this paragraph shall pro- hibit Seller or any Seller Subsidiary from honoring any contractual obligation in existence on the date of this Agreement. Notwithstanding the provisions of clauses (i) and (ii) of this Section 4.02(g), Seller shall be autho- rized without first consulting with Buyer or obtaining Buyer's prior written consent, to increase the aggregate amount of any credit facilities theretofore established in favor of any person or entity (each a \"Pre-Existing Facil- ity\"), provided that the aggregate amount of any and all such increases with respect to any Pre-Existing Facility shall not without Buyer's prior written consent, which con- sent shall not be unreasonably withheld or delayed, be in excess of the lesser of five percent (5%) of such Pre- Existing Facility or $25,000; or;\n(h) directly or indirectly (including through its officers, directors, employees or other representatives) initiate, solicit or encourage any discussions, inquiries or proposals with any third party relating to the disposi- tion of any significant portion of the business or assets of Seller or any Seller Subsidiary or the acquisition of Equity Securities of Seller or any Seller Subsidiary or the", "samples": [{"hash": "gaewDduSeJw", "uri": "/contracts/gaewDduSeJw#forbearances", "label": "Agreement and Plan of Reorganization (Mercantile Bancorporation Inc)", "score": 18.0, "published": true}, {"hash": "3wUTri3fA2", "uri": "/contracts/3wUTri3fA2#forbearances", "label": "Agreement and Plan of Reorganization (Roosevelt Financial Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "on-schedule", "type": "definition", "offset": [20, 31]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [53, 83]}, {"key": "period-from", "type": "definition", "offset": [96, 107]}, {"key": "agreement-to", "type": "clause", "offset": [125, 137]}, {"key": "seller-shall", "type": "clause", "offset": [158, 170]}, {"key": "consent-of-buyer", "type": "clause", "offset": [250, 266]}, {"key": "set-aside", "type": "clause", "offset": [281, 290]}, {"key": "dividends-or-other-distributions", "type": "clause", "offset": [302, 334]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [336, 358]}, {"key": "in-respect-of", "type": "definition", "offset": [360, 373]}, {"key": "capital-stock", "type": "clause", "offset": [378, 391]}, {"key": "subsidiary-of", "type": "definition", "offset": [421, 434]}, {"key": "cash-dividends", "type": "definition", "offset": [529, 543]}, {"key": "seller-common-stock", "type": "definition", "offset": [551, 570]}, {"key": "quarterly-period", "type": "definition", "offset": [607, 623]}, {"key": "seller-preferred-stock", "type": "definition", "offset": [667, 689]}, {"key": "to-consult", "type": "definition", "offset": [779, 789]}, {"key": "with-respect-to", "type": "clause", "offset": [790, 805]}, {"key": "quarterly-dividend", "type": "definition", "offset": [815, 833]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [852, 879]}, {"key": "the-object", "type": "clause", "offset": [885, 895]}, {"key": "shareholders-of-seller", "type": "clause", "offset": [917, 939]}, {"key": "record-and-payment-dates", "type": "clause", "offset": [993, 1017]}, {"key": "first-dividend", "type": "definition", "offset": [1101, 1115]}, {"key": "following-the-merger", "type": "clause", "offset": [1125, 1145]}, {"key": "agreement-or", "type": "definition", "offset": [1211, 1223]}, {"key": "seller-employee-plans", "type": "definition", "offset": [1312, 1333]}, {"key": "wage-increase", "type": "clause", "offset": [1357, 1370]}, {"key": "employee-benefit", "type": "definition", "offset": [1400, 1416]}, {"key": "bonus-payments", "type": "definition", "offset": [1441, 1455]}, {"key": "increases-in-compensation", "type": "clause", "offset": [1483, 1508]}, {"key": "consistent-with-past-practice", "type": "clause", "offset": [1522, 1551]}, {"key": "as-required-by-law", "type": "clause", "offset": [1556, 1574]}, {"key": "subject-to-the", "type": "definition", "offset": [1617, 1631]}, {"key": "duties-of-seller", "type": "clause", "offset": [1642, 1658]}, {"key": "board-of-directors", "type": "definition", "offset": [1661, 1679]}, {"key": "counsel-to-seller", "type": "clause", "offset": [1710, 1727]}, {"key": "in-principle", "type": "definition", "offset": [1880, 1892]}, {"key": "business-combination", "type": "definition", "offset": [1941, 1961]}, {"key": "material-amount-of-assets", "type": "definition", "offset": [2008, 2033]}, {"key": "disposition-of", "type": "clause", "offset": [2053, 2067]}, {"key": "amendments-to", "type": "clause", "offset": [2208, 2221]}, {"key": "articles-of-incorporation", "type": "clause", "offset": [2226, 2251]}, {"key": "charter-document", "type": "definition", "offset": [2274, 2290]}, {"key": "shares-of", "type": "clause", "offset": [2408, 2417]}, {"key": "exercise-of", "type": "clause", "offset": [2443, 2454]}, {"key": "seller-stock", "type": "definition", "offset": [2455, 2467]}, {"key": "conversion-of-seller", "type": "clause", "offset": [2571, 2591]}, {"key": "by-the-seller", "type": "clause", "offset": [2667, 2680]}, {"key": "supplemental-pension-plan", "type": "definition", "offset": [2683, 2708]}, {"key": "to-the-seller", "type": "definition", "offset": [2763, 2776]}, {"key": "dividend-reinvestment-plan", "type": "clause", "offset": [2779, 2805]}, {"key": "stock-split", "type": "clause", "offset": [2821, 2832]}, {"key": "dispose-of", "type": "definition", "offset": [3034, 3044]}, {"key": "terms-of", "type": "definition", "offset": [3124, 3132]}, {"key": "purchase-price-per-share", "type": "clause", "offset": [3321, 3345]}, {"key": "not-to-exceed", "type": "clause", "offset": [3346, 3359]}, {"key": "any-loan", "type": "clause", "offset": [3452, 3460]}, {"key": "letters-of-credit", "type": "clause", "offset": [3504, 3521]}, {"key": "invest-in", "type": "clause", "offset": [3549, 3558]}, {"key": "person-or-entity", "type": "clause", "offset": [3563, 3579]}, {"key": "maturity-date", "type": "definition", "offset": [3656, 3669]}, {"key": "existing-loan", "type": "definition", "offset": [3677, 3690]}, {"key": "commercial-transactions", "type": "clause", "offset": [3793, 3816]}, {"key": "commercial-real-estate", "type": "clause", "offset": [3828, 3850]}, {"key": "residential-real-estate-transactions", "type": "definition", "offset": [3927, 3963]}, {"key": "credit-commitments", "type": "definition", "offset": [4035, 4053]}, {"key": "in-accordance-with", "type": "definition", "offset": [4638, 4656]}, {"key": "lending-policies", "type": "clause", "offset": [4657, 4673]}, {"key": "effect-on-the", "type": "clause", "offset": [4680, 4693]}, {"key": "date-hereof", "type": "clause", "offset": [4694, 4705]}, {"key": "provided-that", "type": "definition", "offset": [4707, 4720]}, {"key": "in-the-case", "type": "clause", "offset": [4721, 4732]}, {"key": "seller-subsidiary", "type": "clause", "offset": [4773, 4790]}, {"key": "in-the-event", "type": "clause", "offset": [4814, 4826]}, {"key": "designated-representative", "type": "definition", "offset": [4893, 4918]}, {"key": "facsimile-notice", "type": "definition", "offset": [5192, 5208]}, {"key": "business-days", "type": "definition", "offset": [5238, 5251]}, {"key": "delivery-to-buyer", "type": "clause", "offset": [5266, 5283]}, {"key": "notice-of-intention", "type": "definition", "offset": [5291, 5310]}, {"key": "and-information", "type": "clause", "offset": [5311, 5326]}, {"key": "the-loans", "type": "clause", "offset": [5385, 5394]}, {"key": "extensions-of-credit", "type": "clause", "offset": [5404, 5424]}, {"key": "investments-in", "type": "clause", "offset": [5437, 5451]}, {"key": "watch-list", "type": "definition", "offset": [5468, 5478]}, {"key": "report-of", "type": "clause", "offset": [5500, 5509]}, {"key": "contractual-obligation", "type": "definition", "offset": [5736, 5758]}, {"key": "in-existence", "type": "definition", "offset": [5759, 5771]}, {"key": "notwithstanding-the-provisions-of", "type": "clause", "offset": [5803, 5836]}, {"key": "aggregate-amount", "type": "definition", "offset": [6008, 6024]}, {"key": "credit-facilities", "type": "definition", "offset": [6032, 6049]}, {"key": "in-favor-of", "type": "clause", "offset": [6074, 6085]}, {"key": "facility-shall", "type": "clause", "offset": [6241, 6255]}, {"key": "without-buyer", "type": "definition", "offset": [6260, 6273]}, {"key": "lesser-of", "type": "definition", "offset": [6382, 6391]}, {"key": "five-percent", "type": "clause", "offset": [6392, 6404]}, {"key": "other-representatives", "type": "definition", "offset": [6541, 6562]}, {"key": "inquiries-or-proposals", "type": "clause", "offset": [6612, 6634]}, {"key": "third-party", "type": "definition", "offset": [6644, 6655]}, {"key": "relating-to", "type": "definition", "offset": [6656, 6667]}, {"key": "significant-portion", "type": "definition", "offset": [6693, 6712]}, {"key": "the-business", "type": "clause", "offset": [6716, 6728]}, {"key": "assets-of-seller", "type": "clause", "offset": [6732, 6748]}, {"key": "acquisition-of-equity-securities", "type": "clause", "offset": [6781, 6813]}], "hash": "37e51f4ddaf8bc0072c3c23820f0689c", "id": 8}, {"size": 6, "snippet": "During the period from the date of this Agreement to the Effective Time, except as expressly contemplated by this Agreement, without the prior consent of the other parties to this Agreement, no party shall:\n(a) grant to any person any option or other right to acquire capital stock or other equity interests, except for allocation of patronage equities in a manner consistent with past practice;\n(b) issue any additional shares or units of capital stock and other equity interests, except in the ordinary course of business and consistent with past practice;\n(c) enter into, amend or terminate any material contract, lease or understanding;\n(d) amend its Articles of Incorporation, its By-Laws or any board policies;\n(e) incur any indebtedness for borrowed money or make any commitment to borrow money, except indebtedness incurred in the ordinary course of business pursuant to credit arrangements existing as of the date of this Agreement (including any renewals thereof);\n(f) make any material capital expenditures other than in the ordinary course of business or which were disclosed to the other party;\n(g) mortgage any of its assets or properties, or except in the ordinary course of business, sell any of its material assets or properties;\n(h) pay any dividends or make any distributions with respect to its capital stock or equity interests, except in the ordinary course of business;\n(i) reclassify, combine, subdivide, split, or amend its capital stock or equity interests;\n(j) purchase, acquire or redeem any shares of its capital stock or equity interests, except in the ordinary course of business; or\n(k) agree or commit to do any of the foregoing.", "samples": [{"hash": "hmnJW5gRMDw", "uri": "/contracts/hmnJW5gRMDw#forbearances", "label": "Transaction Agreement (Dakota Growers Pasta Co)", "score": 19.0, "published": true}, {"hash": "3UUW3zTzNPg", "uri": "/contracts/3UUW3zTzNPg#forbearances", "label": "Transaction Agreement (Dakota Growers Restructuring Co Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "period-from", "type": "definition", "offset": [11, 22]}, {"key": "agreement-to", "type": "clause", "offset": [40, 52]}, {"key": "the-effective-time", "type": "clause", "offset": [53, 71]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [93, 123]}, {"key": "parties-to-this-agreement", "type": "clause", "offset": [164, 189]}, {"key": "no-party", "type": "clause", "offset": [191, 199]}, {"key": "any-person", "type": "definition", "offset": [220, 230]}, {"key": "right-to-acquire", "type": "definition", "offset": [251, 267]}, {"key": "capital-stock", "type": "clause", "offset": [268, 281]}, {"key": "other-equity-interests", "type": "definition", "offset": [285, 307]}, {"key": "allocation-of", "type": "clause", "offset": [320, 333]}, {"key": "consistent-with-past-practice", "type": "clause", "offset": [365, 394]}, {"key": "additional-shares", "type": "definition", "offset": [410, 427]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [489, 523]}, {"key": "material-contract", "type": "clause", "offset": [598, 615]}, {"key": "articles-of-incorporation", "type": "clause", "offset": [655, 680]}, {"key": "board-policies", "type": "clause", "offset": [701, 715]}, {"key": "indebtedness-for-borrowed-money", "type": "definition", "offset": [731, 762]}, {"key": "borrow-money", "type": "clause", "offset": [789, 801]}, {"key": "indebtedness-incurred", "type": "clause", "offset": [810, 831]}, {"key": "pursuant-to", "type": "definition", "offset": [867, 878]}, {"key": "credit-arrangements", "type": "definition", "offset": [879, 898]}, {"key": "capital-expenditures", "type": "definition", "offset": [997, 1017]}, {"key": "other-party", "type": "definition", "offset": [1095, 1106]}, {"key": "assets-or-properties", "type": "definition", "offset": [1132, 1152]}, {"key": "material-assets", "type": "clause", "offset": [1216, 1231]}, {"key": "with-respect-to", "type": "clause", "offset": [1295, 1310]}, {"key": "shares-of", "type": "clause", "offset": [1520, 1529]}, {"key": "the-foregoing", "type": "definition", "offset": [1648, 1661]}], "hash": "8a2ba4c737e0a7d6e882ed0a646426e8", "id": 9}, {"size": 5, "snippet": "During the period from the date of this Agreement to the Effective Time or earlier termination of this Agreement, except as set forth in Section 6.2 of the SWM Disclosure Schedules or Neenah Disclosure Schedules, as expressly contemplated or permitted by this Agreement or as required by law (including actions taken that are reasonably necessary to comply with COVID-19 Measures), neither SWM nor Neenah shall, and neither SWM nor Neenah shall permit any of their respective Subsidiaries to, without the prior written consent of the other Parties to this Agreement (such consent not to be unreasonably withheld, conditioned or delayed):\n(a) incur, assume, guarantee, or become liable for any indebtedness for borrowed money, other than (i) intercompany indebtedness, (ii) borrowings in the Ordinary Course of Business under any revolving credit facility, settlement facility, commercial paper program, or other line of credit existing on the date of this Agreement up to the amount committed thereunder on the date of this Agreement (or any amendment or replacement thereof, in each case, so long as the amount of borrowings under such amended or replaced facility or program is not greater than the committed amount of such facility or program on the date of this Agreement and the amendment or replacement contains customary commercial terms consistent in all material respects with the existing facility), (iii) guarantees by Neenah or any direct or indirect wholly-owned Neenah Subsidiary of indebtedness of Neenah, or any other direct or indirect wholly-owned Neenah Subsidiary, (iv) guarantees by SWM or any direct or indirect wholly-owned SWM Subsidiary of indebtedness of SWM or any other direct or indirect wholly-owned SWM Subsidiary, (v) any indebtedness incurred to refinance, roll-over, replace, or renew any indebtedness existing on the date of this Agreement, so long as, in each case, (A) the principal amount of such refinancing, roll-over, replacement or renewed indebtedness is not greater than the principal amount of the indebtedness being refinanced, rolled-over, replaced or renewed (plus accrued interest, and a reasonable amount of premium, fees and expenses incurred in connection with such refinancing), and (B) such indebtedness is on customary commercial terms consistent in all material respects with the indebtedness being refinanced, rolled-over, replaced or renewed, (vi) indebtedness incurred pursuant to letters of credit, performance bonds or other similar arrangements in the Ordinary Course of Business, (vii) interest, exchange rate and commodity swaps, options, futures, forward Contracts and similar derivatives or other hedging Contracts (A) not entered for speculative purposes and (B) entered into in the Ordinary Course of Business and in compliance with its risk management and hedging policies or practices in effect on the date of this Agreement, and (viii) indebtedness incurred under the Commitment Letter, and other indebtedness incurred by mutual agreement of Neenah and SWM;\n(b) adjust, split, combine or reclassify any capital stock;\n(c) make, declare, pay, or set a record date for any dividend (whether in cash, stock or property or any combination thereof), or any other distribution on, or directly or indirectly redeem, purchase, or otherwise acquire, any shares of its capital stock or other equity or voting securities or any securities or obligations convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) or exchangeable into or exercisable for any shares of its capital stock or other equity or voting securities, except, in each case, (i) regular quarterly cash dividends by Neenah at a rate per share of Neenah Common Stock consistent with the prior quarter\u2019s cash dividend, (ii) regular quarterly cash dividends by SWM at a rate per share of SWM Common Stock consistent with the prior quarter\u2019s cash dividend, (iii) dividends paid by any of the Subsidiaries of each of SWM and Neenah to SWM or Neenah or any of their wholly-owned Subsidiaries, respectively, or dividends paid by any of their respective non-wholly owned Subsidiary joint ventures in the Ordinary Course of Business as required by any joint venture agreements in effect as of the date of this Agreement, or (iv) the acceptance of shares of Neenah Common Stock or SWM Common Stock, as the case may be, as payment for the exercise price of stock options or for withholding Taxes incurred in connection with the exercise of stock options or the vesting or settlement of equity compensation awards, or the payment of dividend equivalents thereon, in each case, in accordance with past practice and the terms of the applicable award agreements;\n(d) grant any stock options, restricted stock units, performance stock units, phantom stock units, performance shares, restricted shares, or other equity-based awards or interests, or grant any person any right to acquire securities or rights convertible into or exchangeable or exercisable for, shares of capital stock or other voting or equity securities of or ownership interests in Neenah or SWM, or their respective Subsidiaries;\n(e) issue, sell, transfer, encumber, or otherwise permit to become outstanding any shares of capital stock or voting securities or equity interests or securities convertible (whether currently convertible or convertible only after the passage of time of the occurrence of certain events) or exchangeable into, or exercisable for, any shares of its capital stock or other equity or voting securities or any options, warrants, or other rights of any kind to acquire any shares of capital stock or other equity or voting securities, in each case, other than pursuant to the exercise of stock options or the settlement of equity compensation awards outstanding as of the date of this Agreement in accordance with their terms;\n(f) sell, lease, exchange, transfer, mortgage, encumber (other than Permitted Liens), or otherwise dispose of any of its properties or assets in excess of $20,000,000 in the aggregate to any individual, corporation, or other entity other than a wholly-owned Subsidiary, or cancel, release, or assign any indebtedness to any such person or any claims held by any such person, in each case other than in the Ordinary Course of Business or pursuant to Contracts in force at the date of this Agreement;\n(g) make any investment in or acquisition of (whether by purchase of stock or securities, contributions to capital, property transfers, merger or consolidation, or formation of a joint venture or otherwise) any other person or business or the property or assets of any other person, in each case, other than a wholly-owned Neenah Subsidiary or SWM Subsidiary, as applicable, investments or acquisitions not in excess of $20,000,000 in the aggregate, or inventory, equipment, consumables or other similar assets in the Ordinary Course of Business;\n(i) except in the Ordinary Course of Business, terminate, materially amend, or waive any material provision of, any Neenah Material Contract or SWM Material Contract, as the case may be, or make any change in any instrument or agreement governing the terms of any of its securities or material Contracts, other than normal renewals of Contracts without material adverse changes of terms with respect to Neenah or SWM, as the case may be, or (ii) enter into any Contract that would constitute a Neenah Material Contract or SWM Material Contract, as the case may be, under clause (i), clause (ii), or clause (iii) of the definition thereof, if it were in effect on the date of this Agreement;\n(i) except as required under applicable law or the terms of any Neenah Benefit Plan or SWM Benefit Plan existing as of the date hereof, as applicable, (i) enter into, adopt, or terminate any employee benefit or compensation plan, program, policy, or arrangement for the benefit or welfare of any current or former employee, officer, director, or individual consultant, (ii) amend (whether in writing or through the interpretation of) any employee benefit or compensation plan, program, policy or arrangement for the benefit or welfare of any current or former employee, officer, director or individual consultant other than in the Ordinary Course of Business, (iii) materially increase the compensation or benefits payable to any current or former employee, officer, director, or individual consultant (other than (y) in connection with a promotion or change in responsibilities, or (z) in the Ordinary Course of Business with respect to any non-officer employee), (iv) pay or award, or commit to pay or award, any bonuses or incentive compensation, other than any bonuses or similar that are earned and paid prior to the Effective Time, (v) grant or accelerate the vesting of any equity-based awards or other compensation, (vi) enter into any new, or amend any existing, employment, severance, change in control, retention, bonus guarantee, collective bargaining agreement, or similar agreement or arrangement with any director, officer or employee at or above the vice-president level, (vii) fund any rabbi trust or similar arrangement, (viii) terminate the employment or services of any officer or any employee whose target annual compensation is greater than $250,000, other than for cause, or (ix) hire or promote any officer, employee or individual consultant who has (or, following such hire or promotion, would have) annual base salary or wage rate greater than $250,000;\n(j) settle any Proceeding (other than any Proceeding with respect to Taxes, which is governed by subsection (q) below, or any litigation in connection with the Merger), except any Proceeding involving solely monetary remedies in an amount not in excess of $2,000,000 individually or $5,000,000 in the aggregate and that would not impose any material restriction on, or create any adverse precedent that would be material to, the business of it or its Subsidiaries;\n(k) incur or commit to make capital expenditures or development expenses in excess of $10,000,000 above the amounts set forth in the Neenah budget and the SWM budget, as applicable, made available to the other Parties, except for capital expenditures to repair damage resulting from insured casualty events or capital expenditures on an emergency basis for the safety of individuals who perform work for SWM or Neenah, or their respective Subsidiaries, as applicable (provided that each of SWM or Neenah shall provide the other Party with prompt notice of any such emergency expenditure);\n(l) recognize any labor union, works council or other labor organization as the bargaining representative of any employees;\n(m) take any action or fail to take any action where such action or failure to act could reasonably be expected to prevent the Merger from qualifying as a \u201creorganization\u201d within the meaning of Section 368(a) of the Code;\n(n) amend any Party\u2019s certificate of incorporation, bylaws, or comparable governing documents of its Significant Subsidiaries (in each case, other than ministerial changes);\n(o) merge or consolidate any Party or any of its Significant Subsidiaries with any other person, or restructure, reorganize, or completely or partially liquidate or dissolve itself or any of its Significant Subsidiaries (other than mergers, consolidations, restructurings, or reorganizations solely between or among its wholly-owned Subsidiaries);\n(p) enter into any new line of business or discontinue any existing line of business;\n(q) make, change or revoke any material Tax election, change an annual Tax accounting period, adopt or change any material Tax accounting method, file any material amended Tax Return, enter into any closing agreement with respect to a material amount of Taxes, or settle any material Tax claim, audit, assessment, or dispute or surrender any material right to claim a refund of Taxes; or\n(r) agree to take, make any commitment to take, or adopt any resolutions of Neenah Board or SWM Board, as applicable, or any similar governing body in support of, any of the actions prohibited by this Section 6.2, except as expressly permitted elsewhere by this Agreement.", "samples": [{"hash": "XQy6DyZD4S", "uri": "/contracts/XQy6DyZD4S#forbearances", "label": "Merger Agreement (Neenah Inc)", "score": 33.2354545593, "published": true}], "snippet_links": [{"key": "period-from", "type": "definition", "offset": [11, 22]}, {"key": "agreement-to", "type": "clause", "offset": [40, 52]}, 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["no-other-representations-or-warranties", "No Other Representations or Warranties"], ["covenants-and-additional-agreements-of-the-parties", "Covenants and Additional Agreements of the Parties"], ["covenants", "Covenants"], ["conduct-of-businesses-prior-to-the-effective-time", "CONDUCT OF BUSINESSES PRIOR TO THE EFFECTIVE TIME"]], "size": 322, "children": [["", ""], ["regulatory-matters", "Regulatory Matters"], ["accounting-methods", "Accounting Methods"], ["adverse-actions", "Adverse Actions"], ["acquisitions", "Acquisitions"]], "title": "Forbearances", "id": "forbearances", "related": [["company-forbearances", "Company Forbearances", "Company <strong>Forbearances</strong>"], ["forbearance", "Forbearance", "Forbearance"], ["forbearance-not-waiver", "Forbearance Not Waiver", "Forbearance Not Waiver"], ["forbearance-period", "Forbearance Period", "Forbearance Period"], ["forbearance-not-a-waiver", "Forbearance Not a Waiver", "Forbearance Not a Waiver"]], "related_snippets": [], "updated": "2026-06-20T04:26:08+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Forbearances clause defines the circumstances under which a party agrees to temporarily refrain from exercising certain rights or enforcing specific obligations under a contract. In practice, this might involve a lender choosing not to demand immediate repayment after a missed payment, or a party delaying the enforcement of a contractual remedy. The core function of this clause is to provide flexibility and allow parties to address temporary difficulties without waiving their rights, thereby facilitating cooperation and potentially avoiding default or escalation of disputes."}, "json": true, "cursor": ""}}