{"component": "clause", "props": {"groups": [{"samples": [{"hash": "k2fvQsogfd8", "uri": "/contracts/k2fvQsogfd8#future-advances", "label": "Open End Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Grubb & Ellis Healthcare REIT II, Inc.)", "score": 20.5112934113, "published": true}, {"hash": "ghmwV0Ru1oc", "uri": "/contracts/ghmwV0Ru1oc#future-advances", "label": "Open End Mortgage, Assignment of Rents, Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)", "score": 20.5112934113, "published": true}, {"hash": "esbstVrxkYQ", "uri": "/contracts/esbstVrxkYQ#future-advances", "label": "Open End Mortgage, Assignment of Rents, Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)", "score": 20.5112934113, "published": true}], "snippet": "This Mortgage is (a) and Open-End Mortgage under 42 Pa. C.S.A. Section 8143 and (b) given to secure, among other things, indebtedness of the Mortgagor under the Credit Agreement and shall secure not only presently existing indebtedness and Secured Obligations of Borrower under the Credit Agreement (and Mortgagor under the Subsidiary Guaranty) but also future indebtedness of Borrower under the Credit Agreement (and Mortgagor under the Subsidiary Guaranty), whether such indebtedness is obligatory or at the option of Mortgagee, or otherwise, to the same extent as if such future indebtedness was made on the date of the execution of this Mortgage, although there may be no outstanding indebtedness of Mortgagor at the time of execution of this Mortgage. The lien of this Mortgage shall be valid as to all Secured Obligations, including future indebtedness of Mortgagor. The total amount of indebtedness secured hereby may increase or decrease from time to time, but the total unpaid principal balance of indebtedness secured hereby (including disbursements that the Lenders may, but shall not be obligated to, make under this Mortgage, the Loan Documents or any other document with respect thereto) at any one time outstanding may be substantially less but shall not exceed Seventy-One Million Five Hundred Thousand and No/100 Dollars ($71,500,000.00), plus interest thereon, and any disbursements made for the enforcement of this Mortgage and the other Loan Documents and any remedies hereunder, payment of taxes, special assessments, utilities or insurance on the Property or any other Project and interest on such disbursements and all disbursements by Mortgagee pursuant to applicable law (all such indebtedness being hereinafter referred to as the maximum amount secured hereby). This Mortgage shall be valid and have priority to the extent of the maximum amount secured hereby over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Property given priority by law.", "size": 92, "snippet_links": [{"key": "to-secure", "type": "clause", "offset": [90, 99]}, {"key": "the-mortgagor", "type": "definition", "offset": [137, 150]}, {"key": "the-credit-agreement", "type": "clause", "offset": [157, 177]}, {"key": "existing-indebtedness", "type": "definition", "offset": [214, 235]}, {"key": "secured-obligations-of-borrower", "type": "clause", "offset": [240, 271]}, {"key": "the-subsidiary-guaranty", "type": "clause", "offset": [320, 343]}, {"key": "indebtedness-of-borrower", "type": "clause", "offset": [361, 385]}, {"key": "the-option", "type": "clause", "offset": [506, 516]}, {"key": "to-the-same-extent", "type": "definition", "offset": [545, 563]}, {"key": "date-of", "type": "clause", "offset": [611, 618]}, {"key": "the-execution", "type": "clause", "offset": [619, 632]}, {"key": "no-outstanding-indebtedness", "type": "clause", "offset": [673, 700]}, {"key": "time-of-execution", "type": "clause", "offset": [721, 738]}, {"key": "the-lien", "type": "clause", "offset": [757, 765]}, {"key": "future-indebtedness-of-mortgagor", "type": "clause", "offset": [839, 871]}, {"key": "indebtedness-secured-hereby", "type": "definition", "offset": [893, 920]}, {"key": "increase-or-decrease", "type": "clause", "offset": [925, 945]}, {"key": "from-time-to-time", "type": "clause", "offset": [946, 963]}, {"key": "balance-of-indebtedness", "type": "definition", "offset": [996, 1019]}, {"key": "the-lenders", "type": "clause", "offset": [1065, 1076]}, {"key": "the-loan-documents", "type": "clause", "offset": [1139, 1157]}, {"key": "other-document", "type": "clause", "offset": [1165, 1179]}, {"key": "enforcement-of", "type": "clause", "offset": [1414, 1428]}, {"key": "other-loan-documents", "type": "clause", "offset": [1451, 1471]}, {"key": "payment-of-taxes", "type": "clause", "offset": [1500, 1516]}, {"key": "special-assessments", "type": "definition", "offset": [1518, 1537]}, {"key": "insurance-on-the-property", "type": "clause", "offset": [1552, 1577]}, {"key": "other-project", "type": "clause", "offset": [1585, 1598]}, {"key": "interest-on", "type": "definition", "offset": [1603, 1614]}, {"key": "all-disbursements", "type": "clause", "offset": [1638, 1655]}, {"key": "applicable-law", "type": "clause", "offset": [1681, 1695]}, {"key": "maximum-amount-secured", "type": "clause", "offset": [1756, 1778]}, {"key": "to-the-extent", "type": "clause", "offset": [1835, 1848]}, {"key": "liens-and-encumbrances", "type": "definition", "offset": [1906, 1928]}, {"key": "statutory-liens", "type": "clause", "offset": [1940, 1955]}, {"key": "taxes-and-assessments", "type": "definition", "offset": [1974, 1995]}], "hash": "69430d4ca488b37acd6c2d4378c21c98", "id": 1}, {"samples": [{"hash": "11CNDwVrvQ9", "uri": "/contracts/11CNDwVrvQ9#future-advances", "label": "Mortgage Loan Purchase Agreement (GS Mortgage Securities Trust 2011-Gc5)", "score": 23.5763168335, "published": true}, {"hash": "ibd5tq3Dv6N", "uri": "/contracts/ibd5tq3Dv6N#future-advances", "label": "Mortgage Loan Purchase Agreement (GS Mortgage Securities Trust 2011-Gc5)", "score": 22.7741279602, "published": true}, {"hash": "aK02FELJ30K", "uri": "/contracts/aK02FELJ30K#future-advances", "label": "Mortgage Loan Purchase Agreement (GS Mortgage Securities Trust 2011-Gc5)", "score": 21.5763168335, "published": true}], "snippet": "The proceeds of such Mortgage Loan have been fully disbursed (except in those cases where the full amount of the Mortgage Loan has been disbursed but a portion thereof is being held in escrow or reserve accounts pending the satisfaction of certain conditions relating to leasing, repairs or other matters with respect to the Mortgaged Property), and there is no requirement for future advances thereunder by the mortgagee.", "size": 31, "snippet_links": [{"key": "such-mortgage-loan", "type": "definition", "offset": [16, 34]}, {"key": "the-mortgage-loan", "type": "definition", "offset": [109, 126]}, {"key": "a-portion", "type": "definition", "offset": [150, 159]}, {"key": "held-in-escrow", "type": "clause", "offset": [177, 191]}, {"key": "reserve-accounts", "type": "clause", "offset": [195, 211]}, {"key": "satisfaction-of-certain-conditions", "type": "clause", "offset": [224, 258]}, {"key": "relating-to", "type": "definition", "offset": [259, 270]}, {"key": "other-matters", "type": "definition", "offset": [291, 304]}, {"key": "with-respect-to", "type": "clause", "offset": [305, 320]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [321, 343]}, {"key": "no-requirement", "type": "clause", "offset": [359, 373]}, {"key": "the-mortgagee", "type": "clause", "offset": [408, 421]}], "hash": "c7c112dfae7f5946d60b298b500c0c59", "id": 2}, {"samples": [{"hash": "6F1jCmnpAuG", "uri": "/contracts/6F1jCmnpAuG#future-advances", "label": "Credit Agreement (Valvoline Inc)", "score": 27.6967830658, "published": true}, {"hash": "eaGeFMiO5nj", "uri": "/contracts/eaGeFMiO5nj#future-advances", "label": "Credit Agreement (Ashland Inc.)", "score": 27.5242977142, "published": true}, {"hash": "bHmgAwK8jF8", "uri": "/contracts/bHmgAwK8jF8#future-advances", "label": "Credit Agreement (Nexeo Solutions Finance Corp)", "score": 23.1656398773, "published": true}], "snippet": "This Mortgage shall secure all Obligations including, without limitation, future advances whenever hereafter made with respect to or under the Credit Agreement or the other Loan Documents and shall secure not only Obligations with respect to presently existing indebtedness under the Credit Agreement or the other Loan Documents, but also any and all other indebtedness which may hereafter be owing by the Mortgagor to the Secured Parties under the Credit Agreement or the other Loan Documents, however incurred, whether interest, discount or otherwise, and whether the same shall be deferred, accrued or capitalized, including future advances and re-advances, pursuant to the Credit Agreement or the other Loan Documents, whether such advances are obligatory or to be made at the option of the Secured Parties, or otherwise, and any extensions, refinancings, modifications or renewals of all such Obligations whether or not Mortgagor executes any extension agreement or renewal instrument and, in each case, to the same extent as if such future advances were made on the date of the execution of this Mortgage.", "size": 26, "snippet_links": [{"key": "all-obligations", "type": "clause", "offset": [27, 42]}, {"key": "without-limitation", "type": "clause", "offset": [54, 72]}, {"key": "with-respect-to", "type": "clause", "offset": [114, 129]}, {"key": "agreement-or", "type": "definition", "offset": [150, 162]}, {"key": "other-loan-documents", "type": "clause", "offset": [167, 187]}, {"key": "existing-indebtedness", "type": "definition", "offset": [252, 273]}, {"key": "any-and-all-other-indebtedness", "type": "clause", "offset": [339, 369]}, {"key": "the-mortgagor", "type": "definition", "offset": [402, 415]}, {"key": "the-secured-parties", "type": "clause", "offset": [419, 438]}, {"key": "pursuant-to-the-credit-agreement", "type": "clause", "offset": [661, 693]}, {"key": "the-option", "type": "clause", "offset": [777, 787]}, {"key": "extension-agreement", "type": "definition", "offset": [948, 967]}, {"key": "each-case", "type": "definition", "offset": [998, 1007]}, {"key": "to-the-same-extent", "type": "definition", "offset": [1009, 1027]}, {"key": "date-of", "type": "clause", "offset": [1072, 1079]}, {"key": "the-execution", "type": "clause", "offset": [1080, 1093]}], "hash": "369880d7bd9c9f21cc68a94af4687a25", "id": 6}, {"samples": [{"hash": "8g9aRzE7NdE", "uri": "/contracts/8g9aRzE7NdE#future-advances", "label": "Revolving Credit Agreement (Gamestop Corp)", "score": 18.0, "published": true}, {"hash": "5aHhi5LJV00", "uri": "/contracts/5aHhi5LJV00#future-advances", "label": "Revolving Credit Agreement (Gamestop Corp)", "score": 18.0, "published": true}], "snippet": "(a) In order to more conveniently administer the Loans, the Administrative Agent may, unless notified to the contrary by any Bank prior to the date upon which any Revolving Credit Loan is to be made, assume that such Bank has made available to the Administrative Agent on such date the amount of such Bank's share of such Revolving Credit Loan to be made on such date as provided in this Agreement, and the Administrative Agent may (but it shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount. If any Bank makes available to the Administrative Agent such amount on a date after the date upon which the Revolving Credit Loan is made, such Bank shall pay to the Administrative Agent on demand an amount equal to the product of (i) the average computed for the period referred to in clause (iii) below, of the weighted average interest rate paid by the Administrative Agent for federal funds acquired by the Administrative Agent during each day included in such period, multiplied by (ii) the amount of such Bank's share of such Revolving Credit Loan, multiplied by (iii) a fraction, the numerator of which is the number of days that elapsed from and including such date to the date on which the amount of such Bank's share of such Revolving Credit Loan shall become immediately available to the Administrative Agent, and the denominator of which is 360 or 365, as applicable. A statement of the Administrative Agent submitted to such Bank with respect to any amounts owing under this subsection shall be prima facie evidence of the amount due and owing to the Administrative Agent by such Bank.\n(b) The Administrative Agent may at any time, in its sole discretion, upon notice to any Bank, refuse to make any Revolving Credit Loan to the Borrower on behalf of such Bank unless such Bank shall have provided to the Administrative Agent immediately available federal funds equal to such Bank's share of such Revolving Credit Loan in accordance with this Agreement.\n(c) Anything in this Agreement to the contrary notwithstanding, the obligations to make Loans under the terms of this Agreement shall be the several and not joint obligation of each of the Banks and any advances made by the Administrative Agent on behalf of any Bank are strictly for the administrative convenience of the parties and shall in no way diminish any Bank's liability to repay the Administrative Agent for such Loans and advances. If the amount of any Bank's share of any Revolving Credit Loan which the Administrative Agent has advanced to the Borrower is not made available to the Administrative Agent by such Bank within 1 Business Day following the date upon which such Revolving Credit Loan is made, the Administrative Agent shall be entitled to recover such amount from the Borrower on demand, with interest thereon at the rate per annum applicable to the Revolving Credit Loans made on such date.", "size": 21, "snippet_links": [{"key": "in-order-to", "type": "clause", "offset": [4, 15]}, {"key": "the-loans", "type": "clause", "offset": [45, 54]}, {"key": "the-administrative-agent", "type": "definition", "offset": [56, 80]}, {"key": "prior-to-the", "type": "clause", "offset": [130, 142]}, {"key": "available-to", "type": "definition", "offset": [231, 243]}, {"key": "in-this-agreement", "type": "definition", "offset": [380, 397]}, {"key": "make-available", "type": "definition", "offset": [501, 515]}, {"key": "borrower-a", "type": "definition", "offset": [523, 533]}, {"key": "corresponding-amount", "type": "definition", "offset": [534, 554]}, {"key": "pay-to", "type": "definition", "offset": [711, 717]}, {"key": "on-demand", "type": "clause", "offset": [743, 752]}, {"key": "equal-to", "type": "definition", "offset": [763, 771]}, {"key": "the-product", "type": "clause", "offset": [772, 783]}, {"key": "the-period", "type": "clause", "offset": [816, 826]}, {"key": "in-clause", "type": "clause", "offset": [839, 848]}, {"key": "weighted-average-interest-rate", "type": "definition", "offset": [869, 899]}, {"key": "federal-funds", "type": "definition", "offset": [937, 950]}, {"key": "number-of-days", "type": "definition", "offset": [1173, 1187]}, {"key": "loan-shall", "type": "definition", "offset": [1308, 1318]}, {"key": "immediately-available", "type": "definition", "offset": [1326, 1347]}, {"key": "statement-of", "type": "clause", "offset": [1438, 1450]}, {"key": "with-respect-to", "type": "clause", "offset": [1499, 1514]}, {"key": "amounts-owing", "type": "definition", "offset": [1519, 1532]}, {"key": "this-subsection", "type": "definition", "offset": [1539, 1554]}, {"key": "evidence-of", "type": "definition", "offset": [1576, 1587]}, {"key": "due-and-owing", "type": "definition", "offset": [1599, 1612]}, {"key": "administrative-agent-by", "type": "definition", "offset": [1620, 1643]}, {"key": "at-any-time", "type": "clause", "offset": [1688, 1699]}, {"key": "sole-discretion", "type": "clause", "offset": [1708, 1723]}, {"key": "notice-to", "type": "clause", "offset": [1730, 1739]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [1786, 1806]}, {"key": "on-behalf-of", "type": "definition", "offset": [1807, 1819]}, {"key": "in-accordance-with", "type": "definition", "offset": [1988, 2006]}, {"key": "agreement-to", "type": "definition", "offset": [2044, 2056]}, {"key": "the-obligations", "type": "clause", "offset": [2087, 2102]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [2127, 2150]}, {"key": "joint-obligation", "type": "clause", "offset": [2180, 2196]}, {"key": "the-banks", "type": "clause", "offset": [2208, 2217]}, {"key": "convenience-of-the-parties", "type": "clause", "offset": [2326, 2352]}, {"key": "to-repay", "type": "clause", "offset": [2403, 2411]}, {"key": "loans-and-advances", "type": "clause", "offset": [2446, 2464]}, {"key": "business-day", "type": "definition", "offset": [2661, 2673]}, {"key": "following-the", "type": "definition", "offset": [2674, 2687]}, {"key": "agent-shall", "type": "definition", "offset": [2759, 2770]}, {"key": "with-interest", "type": "definition", "offset": [2835, 2848]}, {"key": "the-rate", "type": "definition", "offset": [2860, 2868]}, {"key": "per-annum", "type": "definition", "offset": [2869, 2878]}, {"key": "applicable-to", "type": "definition", "offset": [2879, 2892]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [2893, 2919]}], "hash": "aeb9c48dcd352bad4a9a7121837ff214", "id": 7}, {"samples": [{"hash": "jbG6AJbakTK", "uri": "/contracts/jbG6AJbakTK#future-advances", "label": "Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.)", "score": 33.7802886963, "published": true}, {"hash": "cfDobVOmVKo", "uri": "/contracts/cfDobVOmVKo#future-advances", "label": "Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.)", "score": 33.1615333557, "published": true}, {"hash": "gsa3Q8QMOeY", "uri": "/contracts/gsa3Q8QMOeY#future-advances", "label": "Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.)", "score": 31.729637146, "published": true}], "snippet": "(i) From time to time during the Availability Period, in connection with the making of a future advance to the Borrower under a Future Advance Purchased Asset, Seller may request an increase of the Purchase Price of such Future Advance Purchased Asset; provided that Seller shall not request more than one (1) increase with respect to the same Purchased Asset during any calendar month. Any approval by Purchaser of such increase of the Purchase Price shall be in writing and given or denied at Purchaser\u2019s sole and absolute discretion.\n(ii) If such approval for a Purchase Price increase is granted, Purchaser\u2019s funding of such increase shall be subject to the satisfaction of the following conditions:\n(A) at least ten (10) Business Days prior to the requested Purchase Price increase date, Seller shall have requested such increase in writing and delivered to Purchaser (1) copies of all documentation submitted by Borrower in connection with the applicable future advance and (2) evidence that all conditions precedent to such future advance under the related Purchased Asset Documents have been satisfied or will be satisfied as of the date of the related funding (or, if any conditions will not be satisfied, written request for Purchaser\u2019s waiver of such conditions to the extent such waiver would be a Significant Modification hereunder);\n(B) the amount of the requested Purchase Price increase is at least $250,000;\n(C) Purchaser shall have determined to its satisfaction that (1) there is no monetary Default or material non-monetary Default then existing or likely to occur under such Purchased Asset, (2) all conditions precedent to such future advance under the related Purchased Asset Documents have been duly satisfied or waived to Purchaser\u2019s reasonable satisfaction and (3) any additional conditions imposed by Purchaser with respect to such future advance, as specified in the related Confirmation, have been duly satisfied or waived by Purchaser in writing;\n(D) delivery by Seller to Purchaser of an amended and restated Confirmation for the applicable Transaction which reflects the increase in the Purchase Price signed by a Responsible Officer of Seller (provided, however, that Purchaser shall not be liable to Seller if it inadvertently acts on a Confirmation that has not been signed by a Responsible Officer of Seller), and delivery by Purchaser to Seller of a countersigned copy of such amended and restated Confirmation;\n(E) immediately after giving effect to the requested Purchase Price increase, the outstanding Purchase Price of such Purchased Asset shall not exceed the updated Maximum Purchase Price of such Purchased Asset set forth on the related amended and restated Confirmation;\n(F) immediately after giving effect to the requested Purchase Price increase, the sum, without duplication, of (x) the aggregate Purchase Price for all outstanding Transactions and (y) the requested Purchase Price increase shall not exceed an amount equal the Maximum Facility Purchase Price;\n(G) no event shall have occurred which has, or would reasonably be expected to have, a Material Adverse Effect;\n(H) No monetary Default or material non-monetary Default or Event of Default shall have occurred and be continuing as of the related Purchase Price increase date or will occur as a result of such Purchase Price increase;\n(I) no unsatisfied Margin Call shall exist, after giving effect to the requested Purchase Price increase; and\n(J) all representations and warranties made by any Seller Party in the Transaction Documents (other than those contained in Article 10(w) with respect to Purchased Assets other than the applicable Future Advance Purchased Asset for which a Purchase Price increase is being funded, which shall be considered solely for the purpose of determining the Market Value and eligibility of the Purchased Assets, unless (i) Seller shall have made any such representations and warranties with actual knowledge that they were materially false or materially misleading at the time made or (ii) any such representations and warranties have been determined by Purchaser in its sole and absolute discretion to be materially false or materially misleading on a regular basis) shall be true, correct, complete and accurate on and as of the related Purchase Price increase date with the same force and effect as if made on and as of such date;\n(K) Purchaser shall have received a written certification by Seller stating that foregoing conditions have been or will be satisfied as of the time required above and all conditions precedent to the funding of such future advance under the related Purchased Asset Documents have been satisfied; and\n(L) Seller shall have delivered to Purchaser such other information and documentation (including, without limitation, either an updated title policy or an appropriate date-down endorsement) as Purchaser requests, in its sole and absolute discretion.\n(iii) Upon the satisfaction of all conditions set forth in Article 3(g)(ii) as determined by Purchaser, in its sole and absolute discretion, exercised in good faith, Purchaser shall transfer the amount of the Purchase Price increase to an account of Seller or, if such increase is being funded on the same day as the future advance is being made to the related Borrower, directly to the Borrower, the Servicer or any title company, settlement agent or other Person, as agreed to by Purchaser and Seller.", "size": 27, "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [4, 21]}, {"key": "availability-period", "type": "definition", "offset": [33, 52]}, {"key": "in-connection-with", "type": "clause", "offset": [54, 72]}, {"key": "to-the-borrower", "type": "definition", "offset": [104, 119]}, {"key": "future-advance-purchased-asset", "type": "definition", "offset": [128, 158]}, {"key": "provided-that", "type": "clause", "offset": [253, 266]}, {"key": "seller-shall", "type": "clause", "offset": [267, 279]}, {"key": "with-respect-to", "type": "clause", "offset": [319, 334]}, {"key": "calendar-month", "type": "clause", "offset": [371, 385]}, {"key": "approval-by-purchaser", "type": "clause", "offset": [391, 412]}, {"key": "in-writing", "type": "clause", "offset": [461, 471]}, {"key": "at-purchaser", "type": "definition", "offset": [492, 504]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [507, 535]}, {"key": "a-purchase", "type": "definition", "offset": [563, 573]}, {"key": "subject-to-the", "type": "definition", "offset": [647, 661]}, {"key": "satisfaction-of", "type": "clause", "offset": [662, 677]}, {"key": "prior-to-the", "type": "clause", "offset": [740, 752]}, {"key": "purchase-price-increase-date", "type": "definition", "offset": [763, 791]}, {"key": "copies-of-all", "type": "clause", "offset": [877, 890]}, {"key": "by-borrower", "type": "clause", "offset": [915, 926]}, {"key": "the-applicable", "type": "clause", "offset": [946, 960]}, {"key": "all-conditions", "type": "definition", "offset": [998, 1012]}, {"key": "purchased-asset-documents", "type": "definition", "offset": [1064, 1089]}, {"key": "date-of", "type": "clause", "offset": [1141, 1148]}, {"key": "for-purchaser", "type": "clause", "offset": [1231, 1244]}, {"key": "waiver-of", "type": "clause", "offset": [1247, 1256]}, {"key": "to-the-extent", "type": "clause", "offset": 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3205]}, {"key": "margin-call", "type": "definition", "offset": [3363, 3374]}, {"key": "all-representations-and-warranties", "type": "clause", "offset": [3458, 3492]}, {"key": "seller-party", "type": "definition", "offset": [3505, 3517]}, {"key": "the-transaction-documents", "type": "clause", "offset": [3521, 3546]}, {"key": "contained-in", "type": "definition", "offset": [3565, 3577]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [3768, 3786]}, {"key": "market-value", "type": "clause", "offset": [3803, 3815]}, {"key": "the-purchased-assets", "type": "clause", "offset": [3835, 3855]}, {"key": "actual-knowledge", "type": "definition", "offset": [3936, 3952]}, {"key": "at-the-time", "type": "definition", "offset": [4010, 4021]}, {"key": "on-a-regular-basis", "type": "definition", "offset": [4193, 4211]}, {"key": "complete-and-accurate", "type": "clause", "offset": [4237, 4258]}, {"key": "force-and-effect", "type": "clause", "offset": [4327, 4343]}, {"key": "certification-by-seller", "type": "clause", "offset": [4423, 4446]}, {"key": "time-required", "type": "definition", "offset": [4522, 4535]}, {"key": "conditions-precedent-to-the-funding", "type": "clause", "offset": [4550, 4585]}, {"key": "other-information-and-documentation", "type": "clause", "offset": [4728, 4763]}, {"key": "without-limitation", "type": "clause", "offset": [4776, 4794]}, {"key": "title-policy", "type": "definition", "offset": [4814, 4826]}, {"key": "an-appropriate", "type": "clause", "offset": [4830, 4844]}, {"key": "in-good-faith", "type": "definition", "offset": [5079, 5092]}, {"key": "amount-of-the-purchase-price", "type": "clause", "offset": [5123, 5151]}, {"key": "same-day", "type": "definition", "offset": [5229, 5237]}, {"key": "the-future", "type": "clause", "offset": [5241, 5251]}, {"key": "related-borrower", "type": "definition", "offset": [5281, 5297]}, {"key": "the-servicer", "type": "clause", "offset": [5325, 5337]}, {"key": "title-company", "type": "definition", "offset": [5345, 5358]}, {"key": "settlement-agent", "type": "definition", "offset": [5360, 5376]}, {"key": "other-person", "type": "definition", "offset": [5380, 5392]}, {"key": "agreed-to-by", "type": "clause", "offset": [5397, 5409]}, {"key": "purchaser-and-seller", "type": "clause", "offset": [5410, 5430]}], "hash": "4119e6f0a3920e1443211c2a9d262562", "id": 5}, {"samples": [{"hash": "dz8ZFj25I3y", "uri": "/contracts/dz8ZFj25I3y#future-advances", "label": "Commercial Security Agreement (Vista Proppants & Logistics Inc.)", "score": 29.2217655182, "published": true}, {"hash": "1JOGTpGeKmv", "uri": "/contracts/1JOGTpGeKmv#future-advances", "label": "Commercial Security Agreement (Eaco Corp)", "score": 28.38945961, "published": true}, {"hash": "cnNeJvQz7NF", "uri": "/contracts/cnNeJvQz7NF#future-advances", "label": "Commercial Security Agreement (Investors Title Co)", "score": 28.1868591309, "published": true}], "snippet": "In addition to the Note, this Agreement secures all future advances made by Lender to Grantor regardless of whether the advances are made a) pursuant to a commitment or b) for the same purposes.", "size": 29, "snippet_links": [{"key": "the-note", "type": "clause", "offset": [15, 23]}, {"key": "this-agreement", "type": "clause", "offset": [25, 39]}, {"key": "by-lender", "type": "clause", "offset": [73, 82]}, {"key": "the-advances", "type": "clause", "offset": [116, 128]}, {"key": "a-commitment", "type": "definition", "offset": [153, 165]}], "hash": "7c3027b7751e131e91d500ad6b3e5c4f", "id": 3}, {"samples": [{"hash": "fI6onUeP9eO", "uri": "/contracts/fI6onUeP9eO#future-advances", "label": "Open End Mortgage Assignment of Rents, Security Agreement and Fixture Filing (Glimcher Realty Trust)", "score": 18.0, "published": true}, {"hash": "c19poDJkpq6", "uri": "/contracts/c19poDJkpq6#future-advances", "label": "Open End Mortgage Assignment of Rents, Security Agreement and Fixture Filing (Glimcher Realty Trust)", "score": 18.0, "published": true}, {"hash": "8uzD9PxcAKD", "uri": "/contracts/8uzD9PxcAKD#future-advances", "label": "Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Glimcher Realty Trust)", "score": 18.0, "published": true}], "snippet": "This Mortgage is given to, and the parties intend that it shall secure indebtedness, exclusive of interest thereon, in a maximum amount equal to the Aggregate Commitment from time to time under the Credit Agreement which shall be an amount up to $150,000,000 which indebtedness may include advances made at the request of Mortgagor or its respective successor(s) in title after this Mortgage is filed of record to the fullest extent and with the highest priority contemplated by law (including disbursements that the Lenders may, but shall not be obligated to, make under this Mortgage, the Loan Documents or any other document with respect thereto) plus interest thereon, and any disbursements made for the enforcement of this Mortgage and any remedies hereunder, payment of taxes, special assessments, utilities or insurance on the Property and interest on such disbursements and all disbursements by Mortgagee pursuant to applicable law (all such indebtedness being hereinafter referred to as the maximum amount secured hereby). This Mortgage shall be valid and have priority to the extent of the maximum amount secured hereby over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Property given priority by law. All future advances under the Credit Agreement, the Notes, this Mortgage and the other Loan Documents shall have the same priority as if the future advance was made on the date that this Mortgage was recorded", "size": 29, "snippet_links": [{"key": "the-parties", "type": "clause", "offset": [31, 42]}, {"key": "equal-to", "type": "definition", "offset": [136, 144]}, {"key": "aggregate-commitment", "type": "definition", "offset": [149, 169]}, {"key": "from-time-to-time", "type": "clause", "offset": [170, 187]}, {"key": "the-credit-agreement", "type": "clause", "offset": [194, 214]}, {"key": "the-request", "type": "clause", "offset": [307, 318]}, {"key": "of-record", "type": "definition", "offset": [401, 410]}, {"key": "to-the-fullest-extent", "type": "clause", "offset": [411, 432]}, {"key": "highest-priority", "type": "clause", "offset": [446, 462]}, {"key": "the-lenders", "type": "clause", "offset": [513, 524]}, {"key": "the-loan-documents", "type": "clause", "offset": [587, 605]}, {"key": "other-document", "type": "clause", "offset": [613, 627]}, {"key": "enforcement-of", "type": "clause", "offset": [708, 722]}, {"key": "payment-of-taxes", "type": "clause", "offset": [765, 781]}, {"key": "special-assessments", "type": "definition", "offset": [783, 802]}, {"key": "insurance-on-the-property", "type": "clause", "offset": [817, 842]}, {"key": "interest-on", "type": "definition", "offset": [847, 858]}, {"key": "all-disbursements", "type": "clause", "offset": [882, 899]}, {"key": "applicable-law", "type": "clause", "offset": [925, 939]}, {"key": "maximum-amount-secured", "type": "clause", "offset": [1000, 1022]}, {"key": "to-the-extent", "type": "clause", "offset": [1079, 1092]}, {"key": "liens-and-encumbrances", "type": "definition", "offset": [1150, 1172]}, {"key": "statutory-liens", "type": "clause", "offset": [1184, 1199]}, {"key": "taxes-and-assessments", "type": "definition", "offset": [1218, 1239]}, {"key": "the-notes", "type": "clause", "offset": [1334, 1343]}, {"key": "other-loan-documents", "type": "clause", "offset": [1367, 1387]}, {"key": "the-future", "type": "clause", "offset": [1423, 1433]}], "hash": "ec6b1915bd030f09b69361a8a4549743", "id": 4}, {"samples": [{"hash": "jbYCZd8fa7I", "uri": "/contracts/jbYCZd8fa7I#future-advances", "label": "Credit Agreement (American Telecasting Inc/De/)", "score": 18.0, "published": true}, {"hash": "j7XReapYi3F", "uri": "/contracts/j7XReapYi3F#future-advances", "label": "Credit Agreement (Carson Inc)", "score": 18.0, "published": true}, {"hash": "gFNdRDA9dGC", "uri": "/contracts/gFNdRDA9dGC#future-advances", "label": "Credit Agreement (Centennial Cellular Corp)", "score": 18.0, "published": true}], "snippet": "This Agreement shall secure the payment of any amounts advanced from time to time pursuant to the Credit Agreement.", "size": 19, "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "payment-of", "type": "definition", "offset": [32, 42]}, {"key": "from-time-to-time", "type": "clause", "offset": [64, 81]}, {"key": "pursuant-to-the-credit-agreement", "type": "clause", "offset": [82, 114]}], "hash": "d8dbb8c5400b359c7321a1bc4bb6af87", "id": 8}, {"samples": [{"hash": "5NClJR7cmZU", "uri": "/contracts/5NClJR7cmZU#future-advances", "label": "Guaranty (CTD Holdings Inc)", "score": 18.2347698212, "published": true}, {"hash": "3ZKiJ3ftPZA", "uri": "/contracts/3ZKiJ3ftPZA#future-advances", "label": "Guaranty (CTD Holdings Inc)", "score": 18.2347698212, "published": true}, {"hash": "aXDYZbwwnut", "uri": "/contracts/aXDYZbwwnut#future-advances", "label": "Guaranty (Dialysis Corp of America)", "score": 18.0, "published": true}], "snippet": "I waive notice of and consent to any and all future advances made to the Borrower by you.", "size": 18, "snippet_links": [{"key": "notice-of", "type": "definition", "offset": [8, 17]}, {"key": "consent-to", "type": "definition", "offset": [22, 32]}, {"key": "to-the-borrower", "type": "definition", "offset": [66, 81]}], "hash": "7d6ae7e6f75b61b9e0992ce52255eb8b", "id": 9}, {"samples": [{"hash": "kotIIkfj4xP", "uri": "/contracts/kotIIkfj4xP#future-advances", "label": "First Lien Credit Agreement (Us LBM Holdings, Inc.)", "score": 28.3538665771, "published": true}, {"hash": "XsXrlHVIdw", "uri": "/contracts/XsXrlHVIdw#future-advances", "label": "Second Lien Credit Agreement (Us LBM Holdings, Inc.)", "score": 28.3538665771, "published": true}], "snippet": "This Mortgage is given to secure the Obligations of the Mortgagor and the repayment of the aforesaid obligations (including, without limitation, the Obligations of the Mortgagor with respect to each advance of any Loan, any renewals or extensions or modifications thereof upon the same or different terms or at the same or different rate of interest and also to secure all future advances[ and readvances] thereof that may subsequently be made to the Mortgagor, the Borrower or any other Loan Party by the Lenders pursuant to the Credit Agreement or any other Loan Document, and all renewals, modifications, replacements and extensions thereof). The lien of such future advances[ and readvances] shall relate back to the date of this Mortgage. [Portions of the Loans represent revolving credit and letter of credit accommodations, all or any part of which may be advanced to or for the benefit of the Borrower or the Guarantors (as defined in the Guarantee and Collateral Agreement), repaid by the Borrower or the Guarantors and re-advanced to or for the benefit of the Borrower or the Guarantors from time to time subject to the terms of the Credit Agreement.] The Mortgagor agrees that if the outstanding balance of any Obligation[ or revolving credit or letter of credit accommodation] or all of the Loans, principal and interest, is ever repaid to zero, the lien of this Mortgage shall not be or be deemed released or extinguished by operation of law or implied intent of the parties. This Mortgage shall remain in full force and effect as to any further advances made under the Credit Agreement, any Hedging Agreement, Bank Products Agreement or Management Guarantee (entered into with any Bank Products Provider (as defined in the Guarantee and Collateral Agreement), Hedging Provider (all as defined in the Guarantee and Collateral Agreement) or Management Credit Provider (as defined in the Guarantee and Collateral Agreement), as applicable), after any such zero balance until such time as the Loans and the other Obligations (other than any Obligations owing to a Non-Lender Secured Party (as defined in the Guarantee and Collateral Agreement) in respect of the provision of cash management services) then due and owing shall have been paid in full[, the Commitments have been terminated and no Letters of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the applicable issuing lender)] (the date upon which all of such events have occurred, the \u201cObligations Satisfaction Date\u201d) or this Mortgage has been cancelled or released of record in accordance with the requirements of the Credit Agreement, and the Mortgagor waives, to the fullest extent permitted by applicable law, the operation of any applicable statute, case law or regulation having a contrary effect.", "size": 17, "snippet_links": [{"key": "to-secure", "type": "clause", "offset": [23, 32]}, {"key": "obligations-of-the-mortgagor", "type": "clause", "offset": [37, 65]}, {"key": "repayment-of", "type": "clause", "offset": [74, 86]}, {"key": "without-limitation", "type": "clause", "offset": [125, 143]}, {"key": "with-respect-to", "type": "clause", "offset": [178, 193]}, {"key": "each-advance", "type": "clause", "offset": [194, 206]}, {"key": "any-loan", "type": "clause", "offset": [210, 218]}, {"key": "renewals-or-extensions", "type": "clause", "offset": [224, 246]}, {"key": "or-modifications", "type": "clause", "offset": [247, 263]}, {"key": "different-terms", "type": "clause", "offset": [289, 304]}, {"key": "rate-of-interest", "type": "clause", "offset": [333, 349]}, {"key": "loan-party", "type": "definition", "offset": [488, 498]}, {"key": "by-the-lenders", "type": "clause", "offset": [499, 513]}, {"key": "agreement-or", "type": "definition", "offset": [537, 549]}, {"key": "loan-document", "type": "definition", "offset": [560, 573]}, {"key": "the-lien", "type": "clause", "offset": [646, 654]}, {"key": "date-of-this", "type": "clause", "offset": [721, 733]}, {"key": "the-loans", "type": "clause", "offset": [757, 766]}, {"key": "revolving-credit", "type": "clause", "offset": [777, 793]}, {"key": "letter-of-credit-accommodations", "type": "clause", "offset": [798, 829]}, {"key": "of-the-borrower", "type": "clause", "offset": [894, 909]}, {"key": "the-guarantors", "type": "clause", "offset": [913, 927]}, {"key": "guarantee-and-collateral-agreement", "type": "clause", "offset": [947, 981]}, {"key": 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"type": "clause", "offset": [1673, 1685]}, {"key": "bank-products-provider", "type": "definition", "offset": [1695, 1717]}, {"key": "hedging-provider", "type": "definition", "offset": [1774, 1790]}, {"key": "management-credit-provider", "type": "definition", "offset": [1853, 1879]}, {"key": "zero-balance", "type": "definition", "offset": [1967, 1979]}, {"key": "the-other-obligations", "type": "clause", "offset": [2013, 2034]}, {"key": "obligations-owing", "type": "clause", "offset": [2051, 2068]}, {"key": "a-non", "type": "clause", "offset": [2072, 2077]}, {"key": "secured-party", "type": "clause", "offset": [2085, 2098]}, {"key": "in-respect-of", "type": "clause", "offset": [2154, 2167]}, {"key": "provision-of", "type": "clause", "offset": [2172, 2184]}, {"key": "cash-management-services", "type": "clause", "offset": [2185, 2209]}, {"key": "due-and-owing", "type": "definition", "offset": [2216, 2229]}, {"key": "paid-in-full", "type": "clause", "offset": [2246, 2258]}, {"key": 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"9155948eba5d3098d88d20be465b7402", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhmdXR1cmUtYWR2YW5jZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["state-specific-provisions", "State Specific Provisions"], ["obligations-secured", "Obligations Secured"], ["whereas", "WHEREAS"]], "children": [["", ""], ["representations-and-warranties", "Representations and Warranties"], ["governing-law", "Governing Law"], ["headings", "Headings"], ["successors-and-assigns", "Successors and Assigns"]], "title": "Future Advances", "size": 1495, "id": "future-advances", "related": [["loan-advances", "Loan Advances", "Loan Advances"], ["advances-loans-pledges", "Advances; Loans; Pledges", "Advances; Loans; Pledges"], ["revolving-advances", "Revolving Advances", "Revolving Advances"], ["term-loan-advances", "Term Loan Advances", "Term Loan Advances"], ["revolver-advances", "Revolver Advances", "Revolver Advances"]], "related_snippets": [], "updated": "2026-05-15T04:24:17+00:00", "also_ask": ["How can the scope of 'future advances' be strategically limited or expanded during negotiations?", "What essential drafting elements ensure enforceability of future advance provisions?", "What are the primary risks if future advances are not clearly defined or capped?", "How do future advance clauses compare across different jurisdictions or under UCC Article 9?", "What evidentiary standards do courts apply to determine if a future advance is covered by the security agreement?"], "drafting_tip": "Specify the types and limits of future advances to prevent disputes; require written consent for each advance to ensure clear authorization; define repayment terms to avoid uncertainty.", "explanation": "The \"Future Advances\" clause establishes that a security interest or lien granted under an agreement will also cover any additional loans or credit extensions made by the lender to the borrower after the initial agreement is executed. In practice, this means that if the lender provides further funds or credit in the future, those advances are automatically secured by the same collateral described in the original agreement, without requiring a new security agreement each time. This clause is essential for facilitating ongoing lending relationships, as it ensures that the lender's security interest remains effective and comprehensive, thereby protecting the lender against the risk of unsecured future advances."}, "json": true, "cursor": ""}}