{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [74, 85]}, {"key": "written-opinion", "type": "clause", "offset": [114, 129]}, {"key": "to-borrower", "type": "definition", "offset": [159, 170]}, {"key": "copies-of-the-borrower", "type": "clause", "offset": [221, 243]}, {"key": "articles-of-incorporation", "type": "definition", "offset": [250, 275]}, {"key": "constituent-documents", "type": "definition", "offset": [337, 358]}, {"key": "copies-of-resolutions", "type": "clause", "offset": [508, 529]}, {"key": "board-of-directors", "type": "clause", "offset": [548, 566]}, {"key": "the-credit-documents", "type": "clause", "offset": [609, 629]}, {"key": "contemplated-thereby", "type": "clause", "offset": [671, 691]}, {"key": "specimen-signatures", "type": "definition", "offset": [706, 725]}, {"key": "the-persons", "type": "clause", "offset": [729, 740]}, {"key": "secretary-or-assistant-secretary", "type": "clause", "offset": [842, 874]}, {"key": "each-lender", "type": "clause", "offset": [929, 940]}, {"key": "a-note", "type": "definition", "offset": [955, 961]}, {"key": "duly-executed", "type": "clause", "offset": [977, 990]}, {"key": "date-hereof", "type": "clause", "offset": [1022, 1033]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1067, 1092]}, {"key": "executed-counterpart", "type": "clause", "offset": [1164, 1184]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [1208, 1227]}, {"key": "compliance-certificate", "type": "definition", "offset": [1311, 1333]}, {"key": "financial-information", "type": "definition", "offset": [1345, 1366]}, {"key": "on-schedule", "type": "definition", "offset": [1412, 1423]}, {"key": "neither-the-borrower", "type": "definition", "offset": [1429, 1449]}, {"key": "period-from", "type": "definition", "offset": [1501, 1512]}, {"key": "the-closing-date", "type": "clause", "offset": [1530, 1546]}, {"key": "material-indebtedness", "type": "clause", "offset": [1634, 1655]}, {"key": "issuance-of-commercial-paper", "type": "clause", "offset": [1671, 1699]}, {"key": "consistent-with-past-practices", "type": "definition", "offset": [1700, 1730]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1736, 1754]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1793, 1811]}, {"key": "applicable-fees", "type": "definition", "offset": [1828, 1843]}, {"key": "sec-disclosure-documents", "type": "definition", "offset": [1937, 1961]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [2012, 2050]}, {"key": "governmental-agency", "type": "definition", "offset": [2059, 2078]}, {"key": "national-securities-exchange", "type": "clause", "offset": [2109, 2137]}, {"key": "after-january", "type": "clause", "offset": [2144, 2157]}, {"key": "other-documents-and-information", "type": "clause", "offset": [2225, 2256]}, {"key": "reasonably-request", "type": "definition", "offset": [2267, 2285]}, {"key": "executing-this-agreement", "type": "clause", "offset": [2290, 2314]}, {"key": "section-61", "type": "clause", "offset": [2410, 2421]}], "samples": [{"hash": "iKk6cayn51M", "uri": "/contracts/iKk6cayn51M#initial-borrowing", "label": "Credit Agreement (Nicor Inc)", "score": 21.0, "published": true}, {"hash": "d0PxGpqBMGv", "uri": "/contracts/d0PxGpqBMGv#initial-borrowing", "label": "Credit Agreement (Northern Illinois Gas Co /Il/ /New/)", "score": 21.0, "published": true}], "snippet": "Before or concurrently with the initial Borrowing:\n(a) The Administrative Agent shall have received the favorable written opinion of \u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587, counsel to Borrower;\n(b) The Administrative Agent shall have received copies of the Borrower\u2019s (i) Articles of Incorporation, together with all amendments and (ii) bylaws (or comparable constituent documents) and any amendments thereto, certified in each instance by its Secretary or an Assistant Secretary;\n(c) The Administrative Agent shall have received copies of resolutions of the Borrower\u2019s Board of Directors authorizing the execution and delivery of the Credit Documents and the consummation of the transactions contemplated thereby together with specimen signatures of the persons authorized to execute such documents on the Borrower\u2019s behalf, all certified in each instance by its Secretary or Assistant Secretary;\n(d) The Administrative Agent shall have received for each Lender that requests a Note, such Lender\u2019s duly executed Note of the Borrower dated the date hereof and otherwise in compliance with the provisions of Section 2.9(a) hereof;\n(e) The Administrative Agent shall have received a duly executed counterpart of this Agreement from each of the Lenders and the Borrower;\n(f) The Administrative Agent shall have received a duly executed Compliance Certificate containing financial information as of June 30, 2008;\n(g) Except as set forth on Schedule 6.1, neither the Borrower nor any of its Subsidiaries shall have, during the period from June 30, 2008 to the Closing Date, issued, incurred, assumed, created, become liable for, contingently or otherwise, any material Indebtedness other than the issuance of commercial paper consistent with past practices;\n(h) The Borrower shall have paid to the Administrative Agent for the benefit of each Lender the applicable fees for providing its Commitment under this Agreement;\n(i) The Borrower shall have delivered the SEC Disclosure Documents which Nicor or the Borrower shall have filed with the Securities and Exchange Commission (or any governmental agency substituted therefore) or any national securities exchange on or after January 1, 2008; and\n(j) The Administrative Agent shall have received such other documents and information as it may reasonably request. By executing this Agreement, the Administrative Agent and each of the Lenders agrees that each condition set forth in this Section 6.1 has been satisfied.", "size": 63, "hash": "c63195123a7e17843bf2aee86f77f168", "id": 1}, {"snippet_links": [{"key": "obligations-of-the-lenders", "type": "clause", "offset": [4, 30]}, {"key": "to-fund", "type": "definition", "offset": [31, 38]}, {"key": "letter-of-credit-issuer", "type": "definition", "offset": [69, 92]}, {"key": "to-issue", "type": "clause", "offset": [93, 101]}, {"key": "participate-in", "type": "definition", "offset": [122, 136]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [138, 158]}, {"key": "subject-to-the", "type": "clause", "offset": [169, 183]}, {"key": "satisfaction-of", "type": "clause", "offset": [204, 219]}, {"key": "the-conditions-precedent", "type": "clause", "offset": [228, 252]}, {"key": "section-51", "type": "clause", "offset": [271, 282]}], "samples": [{"hash": "cqCUf59LkqP", "uri": "/contracts/cqCUf59LkqP#initial-borrowing", "label": "Credit Agreement (Novamed Inc)", "score": 21.0, "published": true}, {"hash": "7ao8TleA56L", "uri": "/contracts/7ao8TleA56L#initial-borrowing", "label": "Credit Agreement (Novamed Inc)", "score": 21.0, "published": true}, {"hash": "60lVAur1Sv", "uri": "/contracts/60lVAur1Sv#initial-borrowing", "label": "Credit Agreement (Novamed Inc)", "score": 21.0, "published": true}], "snippet": "The obligations of the Lenders to fund the initial Borrowing and the Letter of Credit Issuer to issue, and the Lenders to participate in, any letter of Credit, shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.", "size": 29, "hash": "3340dca96df333733b728f9de5b4273c", "id": 2}, {"snippet_links": [{"key": "obligations-of-the-lenders", "type": "clause", "offset": [48, 74]}, {"key": "loans-on-the-closing-date", "type": "clause", "offset": [83, 108]}, {"key": "subject-to", "type": "clause", "offset": [113, 123]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [179, 204]}, {"key": "the-administrative-agent", "type": "definition", "offset": [210, 234]}, {"key": "signed-on-behalf-of", "type": "clause", "offset": [343, 362]}, {"key": "such-party", "type": "clause", "offset": [363, 373]}, {"key": "written-evidence", "type": "clause", "offset": [381, 397]}, {"key": "electronic-mail", "type": "clause", "offset": [481, 496]}, {"key": "in-accordance-with", "type": "definition", "offset": [510, 528]}, {"key": "from-the-company", "type": "clause", "offset": [669, 685]}, {"key": "initial-guarantor", "type": "definition", "offset": [695, 712]}, {"key": "guarantee-and-security-agreement", "type": "definition", "offset": [745, 777]}, {"key": "page-of", "type": "clause", "offset": [1004, 1011]}, {"key": "perfection-certificate", "type": "clause", "offset": [1168, 1190]}, {"key": "by-the-company", "type": "clause", "offset": [1198, 1212]}, {"key": "uniform-commercial-code-financing-statements", "type": "clause", "offset": [1219, 1263]}, {"key": "each-loan-party", "type": "definition", "offset": [1271, 1286]}, {"key": "secured-party", "type": "definition", "offset": [1329, 1342]}, {"key": "appropriate-form", "type": "definition", "offset": [1346, 1362]}, {"key": "jurisdiction-of-incorporation", "type": "definition", "offset": [1381, 1410]}, {"key": "formation-of", "type": "clause", "offset": [1414, 1426]}, {"key": "certificated-equity-interests", "type": "clause", "offset": [1485, 1514]}, {"key": "any-loan", "type": "clause", "offset": [1533, 1541]}, {"key": "to-the-extent", "type": "clause", "offset": [1548, 1561]}, {"key": "stock-powers", "type": "definition", "offset": [1658, 1670]}, {"key": "all-notes", "type": "definition", "offset": [1695, 1704]}, {"key": "chattel-paper-and-instruments", "type": "clause", "offset": [1706, 1735]}, {"key": "owned-by", "type": "definition", "offset": [1736, 1744]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1813, 1828]}, {"key": "duly-endorsed", "type": "definition", "offset": [1862, 1875]}, {"key": "instruments-of-transfer", "type": "definition", "offset": [1905, 1928]}, {"key": "short-form", "type": "definition", "offset": [1938, 1948]}, {"key": "security-agreements", "type": "definition", "offset": [1949, 1968]}, {"key": "united-states-patent", "type": "definition", "offset": [2009, 2029]}, {"key": "trademark-office", "type": "definition", "offset": [2032, 2048]}, {"key": "copyright-office", "type": "clause", "offset": [2071, 2087]}, {"key": "with-respect-to", "type": "clause", "offset": [2105, 2120]}, {"key": "the-intellectual-property", "type": "clause", "offset": [2121, 2146]}, {"key": "the-loan-parties", "type": "definition", "offset": [2150, 2166]}, {"key": "agent-shall", "type": "definition", "offset": [2289, 2300]}, {"key": "legal-opinions", "type": "clause", "offset": [2328, 2342]}, {"key": "counsel-to-the-company", "type": "clause", "offset": [2373, 2395]}, {"key": "the-company-hereby", "type": "clause", "offset": [2485, 2503]}, {"key": "closing-documents-and-certificates", "type": "clause", "offset": [2615, 2649]}, {"key": "reasonably-request", "type": "definition", "offset": [2697, 2715]}, {"key": "relating-to", "type": "definition", "offset": [2716, 2727]}, {"key": "the-organization", "type": "definition", "offset": [2728, 2744]}, {"key": "existence-and-good-standing", "type": "clause", "offset": [2746, 2773]}, {"key": "initial-loan-parties", "type": "definition", "offset": [2781, 2801]}, {"key": "authorization-of-the-transactions", "type": "clause", "offset": [2807, 2840]}, {"key": "other-legal-matters", "type": "clause", "offset": [2849, 2868]}, {"key": "the-loan-documents", "type": "clause", "offset": [2900, 2918]}, {"key": "form-and-substance", "type": "clause", "offset": [2947, 2965]}, {"key": "loans-hereunder", "type": "clause", "offset": [3186, 3201]}, {"key": "indebtedness-under-the-existing-credit-agreement", "type": "clause", "offset": [3207, 3255]}, {"key": "existing-abl-credit-agreement", "type": "definition", "offset": [3261, 3290]}, {"key": "existing-notes", "type": "definition", "offset": [3299, 3313]}, {"key": "amounts-payable", "type": "clause", "offset": [3322, 3337]}, {"key": "paid-in-full", "type": "definition", "offset": [3359, 3371]}, {"key": "to-extend", "type": "clause", "offset": [3389, 3398]}, {"key": "liens-securing-obligations", "type": "clause", "offset": [3448, 3474]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [3614, 3646]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [3648, 3664]}, {"key": "after-giving", "type": "clause", "offset": [3686, 3698]}, {"key": "officer-of-the-company", "type": "clause", "offset": [3744, 3766]}, {"key": "copies-of", "type": "definition", "offset": [3817, 3826]}, {"key": "requested-by", "type": "definition", "offset": [3893, 3905]}, {"key": "days-prior", "type": "definition", "offset": [4023, 4033]}, {"key": "and-other-information", "type": "clause", "offset": [4072, 4093]}, {"key": "in-writing", "type": "definition", "offset": [4115, 4125]}, {"key": "to-allow-the", "type": "clause", "offset": [4197, 4209]}, {"key": "the-patriot-act", "type": "clause", "offset": [4233, 4248]}, {"key": "know-your-customer", "type": "clause", "offset": [4260, 4278]}, {"key": "the-arrangers", "type": "clause", "offset": [4319, 4332]}, {"key": "due-and-payable", "type": "definition", "offset": [4380, 4395]}, {"key": "payment-of", "type": "definition", "offset": [4481, 4491]}, {"key": "pocket-expenses", "type": "definition", "offset": [4514, 4529]}, {"key": "by-the-borrower", "type": "clause", "offset": [4564, 4579]}, {"key": "executed-by", "type": "definition", "offset": [4646, 4657]}, {"key": "in-favor-of", "type": "definition", "offset": [4671, 4682]}, {"key": "each-lender", "type": "clause", "offset": [4683, 4694]}, {"key": "a-note", "type": "definition", "offset": [4706, 4712]}, {"key": "the-company-shall", "type": "clause", "offset": [4773, 4790]}, {"key": "entered-into", "type": "clause", "offset": [4800, 4812]}, {"key": "credit-agreement-and-commitments", "type": "clause", "offset": [4821, 4853]}, {"key": "junior-lien-notes", "type": "definition", "offset": [4934, 4951]}, {"key": "certificates-of-insurance", "type": "clause", "offset": [5002, 5027]}, {"key": "an-additional-insured", "type": "clause", "offset": [5091, 5112]}, {"key": "loss-payee", "type": "definition", "offset": [5116, 5126]}, {"key": "the-case", "type": "definition", "offset": [5131, 5139]}, {"key": "all-insurance-policies", "type": "definition", "offset": [5154, 5176]}, {"key": "assets-and-properties", "type": "definition", "offset": [5208, 5229]}, {"key": "the-intercreditor-agreement", "type": "clause", "offset": [5286, 5313]}, {"key": "executed-and-delivered", "type": "clause", "offset": [5335, 5357]}, {"key": "by-each-party", "type": "clause", "offset": [5358, 5371]}, {"key": "full-force-and-effect", "type": "clause", "offset": [5396, 5417]}], "samples": [{"hash": "gwvCOAHcm4n", "uri": "/contracts/gwvCOAHcm4n#initial-borrowing", "label": "Credit Agreement (Dole PLC)", "score": 32.553730011, "published": true}, {"hash": "atfOR65iDJg", "uri": "/contracts/atfOR65iDJg#initial-borrowing", "label": "Credit Agreement (Dole PLC)", "score": 32.5455169678, "published": true}, {"hash": "484B8018tzy", "uri": "/contracts/484B8018tzy#initial-borrowing", "label": "Credit Agreement (Dole Food Co Inc)", "score": 26.3100624084, "published": true}], "snippet": "Except as contemplated by Schedule 5.09(d), the obligations of the Lenders to make Loans on the Closing Date are subject to each of the following conditions being satisfied on or prior to the Closing Date:\n(a) The Administrative Agent (or its counsel) shall have received from (i) each party thereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written evidence reasonably satisfactory to the Administrative Agent (which may include telecopy or electronic mail transmission in accordance with Section 9.01) that such party has signed a counterpart of this Agreement;\n(b) The Administrative Agent (or its counsel) shall have received from the Company and each initial Guarantor either (A) a counterpart of the Guarantee and Security Agreement signed on behalf of such Loan Party or (B) written evidence reasonably satisfactory to the Administrative Agent (which may include telecopy or electronic mail transmission in accordance with Section 9.01 of a signed signature page of the Guarantee and Security Agreement) that such party has signed a counterpart of the Guarantee and Security Agreement, together with:\n(i) a duly completed Perfection Certificate signed by the Company;\n(ii) Uniform Commercial Code financing statements naming each Loan Party as debtor and the Administrative Agent as secured party in appropriate form for filing in the jurisdiction of incorporation or formation of each such Loan Party;\n(iii) certificates representing all certificated Equity Interests owned directly by any Loan Party to the extent pledged (and required to be delivered) under the Guarantee and Security Agreement together with stock powers executed in blank;\n(iv) all notes, chattel paper and instruments owned by any Loan Party to the extent pledged (and required to be delivered) pursuant to the Guarantee and Security Agreement duly endorsed in blank or with appropriate instruments of transfer; and\n(v) short form security agreements in appropriate form for filing with the United States Patent & Trademark Office and the United States Copyright Office, as appropriate, with respect to the intellectual property of the Loan Parties registered with such offices and listed in the Perfection Certificate and constituting Collateral;\n(c) The Administrative Agent shall have received the executed legal opinions of \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, special counsel to the Company, dated the Closing Date and in form reasonably satisfactory to the Administrative Agent. The Company hereby requests such counsel to deliver such opinion;\n(d) The Administrative Agent shall have received such customary closing documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the initial Loan Parties, the authorization of the Transactions and any other legal matters relating to such Loan Parties, the Loan Documents or the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel;\n(e) The Administrative Agent shall have received evidence reasonably satisfactory to it that substantially concurrently with the making of the initial Loans hereunder, all Indebtedness under the Existing Credit Agreement, the Existing ABL Credit Agreement and the Existing Notes and all amounts payable thereunder have been paid in full, all commitments to extend credit thereunder shall have terminated, and all Liens securing obligations thereunder shall have been released;\n(f) The Administrative Agent shall have received a certificate attesting to the Solvency of Holdings, the Company and its Subsidiaries (taken as a whole) on the Closing Date after giving effect to the Transactions, from a Financial Officer of the Company;\n(g) The Administrative Agent shall have received copies of a recent Lien and judgment search in each jurisdiction reasonably requested by the Administrative Agent with respect to the Loan Parties;\n(h) The Lenders shall have received at least two Business Days prior to the Closing Date all documentation and other information reasonably requested in writing by them at least five Business Days prior to the Closing Date in order to allow the Lenders to comply with the Patriot Act and other \u201cknow your customer\u201d Laws;\n(i) The Administrative Agent and the Arrangers shall have received all fees and other amounts due and payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder;\n(j) The Administrative Agent shall have received Notes executed by the Borrower in favor of each Lender requesting a Note at least three Business Days prior to the Closing Date;\n(k) The Company shall have (i) entered into the ABL Credit Agreement and commitments of $175,000,000 shall be effective and available thereunder and (ii) issued the Junior Lien Notes;\n(l) The Administrative Agent shall have received certificates of insurance, naming the Administrative Agent, on behalf of the Lenders, as an additional insured or loss payee, as the case may be, under all insurance policies maintained with respect to the assets and properties of the Loan Parties that constitute Collateral; and\n(m) The Intercreditor Agreement shall have been duly executed and delivered by each party thereto and shall be in full force and effect.", "size": 12, "hash": "4053957c1a016da5c5a113f91548ff26", "id": 3}, {"snippet_links": [{"key": "the-banks", "type": "clause", "offset": [19, 28]}, {"key": "to-fund", "type": "definition", "offset": [29, 36]}, {"key": "subject-to-the", "type": "clause", "offset": [68, 82]}, {"key": "satisfaction-of", "type": "clause", "offset": [103, 118]}, {"key": "the-conditions-precedent", "type": "clause", "offset": [127, 151]}, {"key": "section-51", "type": "clause", "offset": [170, 181]}], "samples": [{"hash": "xFQKNWVbBb", "uri": "/contracts/xFQKNWVbBb#initial-borrowing", "label": "Credit Agreement (Magnum Hunter Resources Inc)", "score": 18.0, "published": true}, {"hash": "4ZsVPbJQnUM", "uri": "/contracts/4ZsVPbJQnUM#initial-borrowing", "label": "Credit Agreement (Magnum Hunter Resources Inc)", "score": 18.0, "published": true}], "snippet": "The obligations of the Banks to fund the initial Borrowing shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.", "size": 12, "hash": "2b4ba93d494cb37b597176c790433596", "id": 4}, {"snippet_links": [{"key": "the-obligation", "type": "clause", "offset": [0, 14]}, {"key": "each-lender", "type": "clause", "offset": [18, 29]}, {"key": "to-advance", "type": "definition", "offset": [30, 40]}, {"key": "loans-hereunder", "type": "clause", "offset": [71, 86]}, {"key": "the-issuing-bank", "type": "clause", "offset": [95, 111]}, {"key": "to-issue", "type": "clause", "offset": [112, 120]}, {"key": "initial-letter-of-credit", "type": "definition", "offset": [125, 149]}, {"key": "initial-availability-date", "type": "definition", "offset": [177, 202]}, {"key": "subject-to", "type": "clause", "offset": [206, 216]}, {"key": "satisfaction-of", "type": "clause", "offset": [217, 232]}, {"key": "conditions-precedent", "type": "definition", "offset": [247, 267]}, {"key": "agent-shall", "type": "definition", "offset": [292, 303]}, {"key": "form-and-substance", "type": "clause", "offset": [339, 357]}, {"key": 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Typically, it specifies the maximum amount available for the initial draw, any prerequisites such as documentation or approvals that must be satisfied before funds are disbursed, and the timing or process for making the initial request. This clause ensures that both parties are clear on how and when the loan can be accessed for the first time, thereby reducing uncertainty and establishing a structured process for the commencement of the lending relationship."}, "json": true, "cursor": ""}}