{"component": "clause", "props": {"groups": [{"snippet": "The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the \u201cInsider Loans\u201d) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.", "snippet_links": [{"key": "the-sponsor", "type": "clause", "offset": [0, 11]}, {"key": "agreed-to", "type": "definition", "offset": [16, 25]}, {"key": "aggregate-amount", "type": "clause", "offset": [59, 75]}, {"key": "insider-loans", "type": "definition", "offset": [100, 113]}, {"key": "pursuant-to-a", "type": "clause", "offset": [116, 129]}, {"key": "promissory-note", "type": "definition", "offset": [130, 145]}, {"key": "the-registration-statement", "type": "clause", "offset": [197, 223]}, {"key": "by-the-company", "type": "clause", "offset": [286, 300]}, {"key": "consummation-of-the-offering", "type": "clause", "offset": [344, 372]}], "size": 1045, "samples": [{"hash": "4VonSsXsPy9", "uri": "/contracts/4VonSsXsPy9#loans", "label": "Underwriting Agreement (10X Capital Venture Acquisition Corp. III)", "score": 33.0355911255, "published": true}, {"hash": "lWALDurUea7", "uri": "/contracts/lWALDurUea7#loans", "label": "Underwriting Agreement (Consilium Acquisition Corp I, Ltd.)", "score": 33.0136909485, "published": true}, {"hash": "2KpGo3bssYr", "uri": "/contracts/2KpGo3bssYr#loans", "label": "Underwriting Agreement (10X Capital Venture Acquisition Corp. III)", "score": 33.0082130432, "published": true}], "hash": "5b7b0952452900ab66d673ced5f6170e", "id": 1}, {"snippet": "(a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable Commitments; provided, however, that the failure of any Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). The Loans comprising any Borrowing shall be in an aggregate principal amount that is an integral multiple of $100,000 and not less than $500,000.\n(b) Subject to Sections 2.08 and 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than five Eurodollar Borrowings outstanding hereunder at any time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.\n(c) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to such account in New York City as the Administrative Agent may designate not later than 1:00 p.m., New York City time, and the Administrative Agent shall promptly credit the amounts so received to an account designated by the Borrower in the applicable Borrowing Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders.\n(d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender\u2019s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower to but excluding the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, a rate per annum equal to the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender\u2019s Loan as part of such Borrowing for purposes of this Agreement.", "snippet_links": [{"key": "loan-shall", "type": "definition", "offset": [9, 19]}, {"key": "a-borrowing", "type": "definition", "offset": [39, 50]}, {"key": "by-the-lenders", "type": "clause", "offset": [76, 90]}, {"key": "in-accordance-with", "type": "definition", "offset": [99, 117]}, {"key": "applicable-commitments", "type": "definition", "offset": [124, 146]}, {"key": "any-loan", "type": "clause", "offset": [206, 214]}, {"key": "other-lender", "type": "definition", "offset": [247, 259]}, {"key": "obligation-to-lend", "type": "clause", "offset": [267, 285]}, {"key": "no-lender", "type": "clause", "offset": [332, 341]}, {"key": "responsible-for", "type": "clause", "offset": [351, 366]}, {"key": "the-loans", "type": "clause", "offset": [459, 468]}, {"key": "aggregate-principal-amount", "type": 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"label": "Second Lien Credit Agreement (STR Holdings LLC)", "score": 21.0, "published": true}], "hash": "7e324d197eb86103c80f93f1c74c1202", "id": 3}, {"snippet": "The Member may, at any time, make or cause a loan to be made to the Company in any amount and on those terms upon which the Company and the Member agree.", "snippet_links": [{"key": "the-member", "type": "clause", "offset": [0, 10]}, {"key": "at-any-time", "type": "clause", "offset": [16, 27]}, {"key": "a-loan", "type": "definition", "offset": [43, 49]}, {"key": "company-in", "type": "clause", "offset": [68, 78]}, {"key": "those-terms", "type": "clause", "offset": [97, 108]}, {"key": "the-company-and-the", "type": "clause", "offset": [120, 139]}], "size": 195, "samples": [{"hash": "iFmMNf5fesf", "uri": "/contracts/iFmMNf5fesf#loans", "label": "Limited Liability Company Operating Agreement (NGL Crude Terminals, LLC)", "score": 25.9774131775, "published": true}, {"hash": "2gT76VEy0zR", "uri": "/contracts/2gT76VEy0zR#loans", "label": "Limited Liability Company Operating Agreement (NGL Crude Terminals, LLC)", "score": 25.9774131775, "published": true}, {"hash": "a3IpbvEHKCJ", "uri": "/contracts/a3IpbvEHKCJ#loans", "label": "Operating Agreement (Secureinfo Corp)", "score": 25.6324443817, "published": true}], "hash": "80dd07810a063aae5c1c8223a531b133", "id": 7}, {"snippet": "No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company\u2019s unregistered securities has made a subordinated loan to any member of FINRA participating in the Offering.", "snippet_links": [{"key": "indirect-beneficial-owner", "type": "definition", "offset": [40, 65]}, {"key": "of-the-company", "type": "clause", "offset": [104, 118]}, {"key": "unregistered-securities", "type": "clause", "offset": [121, 144]}, {"key": "subordinated-loan", "type": "definition", "offset": [156, 173]}, {"key": "participating-in", "type": "definition", "offset": [197, 213]}, {"key": "the-offering", "type": "definition", "offset": [214, 226]}], "size": 723, "samples": [{"hash": "3muHlbwrP5b", "uri": "/contracts/3muHlbwrP5b#loans", "label": "Underwriting Agreement (GSR v Acquisition Corp.)", "score": 37.3586578369, "published": true}, {"hash": "b38qjo6PmMj", "uri": "/contracts/b38qjo6PmMj#loans", "label": "Underwriting Agreement (Innovative Digital Investors Acquisition Corp.)", "score": 37.3203277588, "published": true}, {"hash": "7GdMsQurSE0", "uri": "/contracts/7GdMsQurSE0#loans", "label": "Underwriting Agreement (Innovative Digital Investors Acquisition Corp.)", "score": 37.2464065552, "published": true}], "hash": "d1b24e8eb5fe8daf5497ccd927d5ef47", "id": 2}, {"snippet": "(a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the applicable Lenders ratably in accordance with their applicable Commitments; provided that the failure of any Lender to make its Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Except for Loans deemed made pursuant to Section 2.18(e)(ii), (x) ABR Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $100,000 and not less than the Minimum Borrowing Amount or (ii) equal to the remaining available balance of the applicable Commitments and (y) the Eurodollar Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $100,000 and not less than the Minimum Borrowing Amount or (ii) equal to the remaining available balance of the applicable Commitments.\n(b) Subject to Sections 2.01, 2.11 and 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. More than one Borrowing may be incurred on any day, but at no time shall there be outstanding more than, in the case of Loans maintained as Eurodollar Loans, seven (7) Borrowings of such Loans in the aggregate. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.\n(c) Except with respect to Loans deemed made pursuant to Section 2.18(e)(ii) or 2.01(a), each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to such account as the Administrative Agent may designate not later than 12:00 (noon) New York City time, with respect to Eurodollar Loans, or 1:30 p.m. New York City time, with respect to ABR Loans, and upon receipt of all requested Loan funds, the Administrative Agent shall promptly credit all such requested amounts so received to an account as directed by the Borrower in the applicable Borrowing Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders.\n(d) Unless the Administrative Agent shall have received written notice from a Lender prior to the date (in the case of any Eurodollar Borrowing) and at least two (2) hours prior to the time (in the case of any ABR Borrowing) of any Borrowing that such Lender will not make available to the Administrative Agent such Lender\u2019s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent at the time of such Borrowing in accordance with clause (c) above, and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available, then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, each of such Lender and the Borrower severally agrees to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender\u2019s Loan as part of such Borrowing for the purposes of this Agreement, and the Borrower\u2019s obligation to repay the Administrative Agent such corresponding amount pursuant to this Section 2.02(d) shall cease.\n(e) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity Date or the Term Loan Maturity Date, as applicable.", "snippet_links": [{"key": "loan-shall", "type": "definition", "offset": [9, 19]}, {"key": "a-borrowing", "type": "definition", "offset": [39, 50]}, {"key": "applicable-lenders", "type": "definition", "offset": [83, 101]}, {"key": "in-accordance-with", "type": "definition", "offset": [110, 128]}, {"key": "applicable-commitments", "type": "definition", 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"label": "Credit Agreement (iCIMS Holding LLC)", "score": 32.6303901672, "published": true}, {"hash": "3ourvyPx1EE", "uri": "/contracts/3ourvyPx1EE#loans", "label": "Assumption Agreement and Amendment No. 1 (iCIMS Holding LLC)", "score": 32.6303901672, "published": true}], "hash": "db7ab9a54e4e2373f5d593a485ccfa3e", "id": 5}, {"snippet": "No loans shall be contracted on behalf of the Company and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Board of Managers. Such authority may be general or confined to specific instances.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [3, 14]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [32, 53]}, {"key": "evidences-of-indebtedness", "type": "definition", "offset": [61, 86]}, {"key": "issued-in", "type": "definition", "offset": [96, 105]}, {"key": "authorized-by", "type": "definition", "offset": [122, 135]}, {"key": "the-board-of-managers", "type": "clause", "offset": [152, 173]}], "size": 199, "samples": [{"hash": "1S4JcSUmuKP", "uri": "/contracts/1S4JcSUmuKP#loans", "label": "Limited Liability Company Agreement (Lawton Surgery Investment Company, LLC)", "score": 20.667350769, "published": true}, {"hash": "lBuSDZ5EwSB", "uri": "/contracts/lBuSDZ5EwSB#loans", "label": "Limited Liability Company Agreement (NPMC Holdings, LLC)", "score": 20.4866523743, "published": true}, {"hash": "kLC9IedVW9S", "uri": "/contracts/kLC9IedVW9S#loans", "label": "Operating Agreement (NPMC Holdings, LLC)", "score": 20.4866523743, "published": true}], "hash": "3fb2aae758935d82a274184ce0536ed6", "id": 6}, {"snippet": "To the Company\u2019s knowledge, no officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company\u2019s unregistered securities has made a subordinated loan to any Participating Member in the Offering.", "snippet_links": [{"key": "to-the-company", "type": "definition", "offset": [0, 14]}, {"key": "indirect-beneficial-owner", "type": "definition", "offset": [68, 93]}, {"key": "of-the-company", "type": "clause", "offset": [132, 146]}, {"key": "unregistered-securities", "type": "clause", "offset": [149, 172]}, {"key": "subordinated-loan", "type": "definition", "offset": [184, 201]}, {"key": "participating-member", "type": "definition", "offset": [209, 229]}, {"key": "the-offering", "type": "definition", "offset": [233, 245]}], "size": 257, "samples": [{"hash": "bnQdUVNgTmq", "uri": "/contracts/bnQdUVNgTmq#loans", "label": "Underwriting Agreement (Breeze Acquisition Corp. II)", "score": 37.3668720055, "published": true}, {"hash": "23pFIrKj2o9", "uri": "/contracts/23pFIrKj2o9#loans", "label": "Underwriting Agreement (Jones Ventures INTL Acquisition1 Corp)", "score": 37.3668720055, "published": true}, {"hash": "ff8Y9MLqQDH", "uri": "/contracts/ff8Y9MLqQDH#loans", "label": "Underwriting Agreement (Berto Acquisition Corp. II)", "score": 37.3586578369, "published": true}], "hash": "75362e9c0cf3f11df000bf334a808782", "id": 4}, {"snippet": "(a) Prior to (i) the Restatement Effective Date, the Lenders made Term B-2 Loans and (ii) the Escrow Release Date, the Lenders made Term B-3 Loans and Term B-4 Loans to the Parent Borrower. Upon the Escrow Release Date, such existing Term B-2 Loans, Term B-3 Loans and Term B-4 Loans shall be deemed to have been made under this Agreement. On the Amendment No. 1 (B-5) Effective Date, the Lenders made the Term B-5 Loans. Amounts borrowed under this Section 2.1(a) and repaid or prepaid may not be reborrowed. Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.\n(b) The 2016-1 Term B-4 Borrowings\n(i) Subject to the terms and conditions set forth herein and set forth in Amendment \u2587\u2587. \u2587 (\u2587-\u2587), \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587-\u2587 Lender severally agrees to exchange its Exchanged Term B-4 Loans for a like principal amount of Exchange 2016-1 Term B-4 Loans on the Amendment No. 4 (B-6) Effective Date. Exchange 2016-1 Term B-4 Loans repaid or prepaid may not be reborrowed. Exchange 2016-1 Term B-4 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Exchange 2016-1 Term B-4 Loans exchanged on the Amendment No. 4 (B-6) Effective Date by Lenders of Exchanged Term B-4 Loans will initially have the same Type of Loan and Interest Period applicable to such Exchanged Term B-4 Loans (which may be an Interest Period ending on the same date as the Interest Period applicable to such Exchanged Term B-4 Loans being refinanced, notwithstanding the required periods set forth in the definition of Interest Period).\n(ii) Subject to the terms and conditions set forth herein and set forth in Amendment \u2587\u2587. \u2587 (\u2587-\u2587), \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587-\u2587 \u2587\u2587\u2587\u2587 \u2587-\u2587 Lender severally agrees to make an Additional 2016-1 Term B-4 Loan to the Borrowers on the Amendment No. 4 (B-6) Effective Date in the principal amount equal to its Additional 2016-1 Term B-4 Commitment on the Amendment No. 4 (B-6) Effective Date. The Borrowers shall prepay the Non-Exchanged Term B-4 Loans with a like amount of the gross proceeds of the Additional 2016-1 Term B-4 Loans, concurrently with the receipt thereof. Amounts borrowed under this clause (ii) and repaid or prepaid may not be reborrowed. Additional 2016-1 Term B-4 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Additional 2016-1 Term B-4 Loans will have the Type of Loan and Interest Period specified in the Committed Loan Notice delivered in connection therewith (which may be an Interest Period ending on the same date as the Interest Period applicable to such Non-Exchanged Term B-4 Loans being refinanced, notwithstanding the required periods set forth in the definition of Interest Period).\n(iii) The Borrowers shall pay to each Term B-4 Lender, substantially concurrently with the effectiveness of Amendment No. 4 (B-6), all accrued and unpaid interest on its Term B-4 Loans, as applicable, to, but not including, the Amendment No. 4 (B-6) Effective Date on such Amendment No. 4 (B-6) Effective Date.\n(c) The 2016-1 Term B-5 Borrowings\n(i) Subject to the terms and conditions set forth herein and set forth in Amendment \u2587\u2587. \u2587 (\u2587-\u2587), \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587-\u2587 Lender severally agrees to exchange its Exchanged Term B-5 Loans for a like principal amount of Exchange 2016-1 Term B-5 Loans on the Amendment No. 4 (B-6) Effective Date. Exchange 2016-1 Term B-5 Loans repaid or prepaid may not be reborrowed. Exchange 2016-1 Term B-5 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Exchange 2016-1 Term B-5 Loans exchanged on the Amendment No. 4 (B-6) Effective Date by Lenders of Exchanged Term B-5 Loans will initially have the same Type of Loan and Interest Period applicable to such Exchanged Term B-5 Loans (which may be an Interest Period ending on the same date as the Interest Period applicable to such Exchanged Term B-5 Loans being refinanced, notwithstanding the required periods set forth in the definition of Interest Period).\n(ii) Subject to the terms and conditions set forth herein and set forth in Amendment \u2587\u2587. \u2587 (\u2587-\u2587), \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587-\u2587 \u2587\u2587\u2587\u2587 \u2587-\u2587 Lender severally agrees to make an Additional 2016-1 Term B-5 Loan to the Borrowers on the Amendment No. 4 (B-6) Effective Date in the principal amount equal to its Additional 2016-1 Term B-5 Commitment on the Amendment No. 4 (B-6) Effective Date. The Borrowers shall prepay the Non-Exchanged Term B-5 Loans with a like amount of the gross proceeds of the Additional 2016-1 Term B-5 Loans, concurrently with the receipt thereof. Amounts borrowed under this clause (ii) and repaid or prepaid may not be reborrowed. Additional 2016-1 Term B-5 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Additional 2016-1 Term B-5 Loans will have the Type of Loan and Interest Period specified in the Committed Loan Notice delivered in connection therewith (which may be an Interest Period ending on the same date as the Interest Period applicable to such Non-Exchanged Term B-5 Loans being refinanced, notwithstanding the required periods set forth in the definition of Interest Period).\n(iii) The Borrowers shall pay to each Term B-5 Lender, substantially concurrently with the effectiveness of Amendment No. 4 (B-6), all accrued and unpaid interest on its Term B-5 Loans, as applicable, to, but not including, the Amendment No. 4 (B-6) Effective Date on such Amendment No. 4 Effective Date.", "snippet_links": [{"key": "prior-to", "type": "clause", "offset": [4, 12]}, {"key": "restatement-effective-date", "type": "definition", "offset": [21, 47]}, {"key": "the-lenders", "type": "clause", "offset": [49, 60]}, {"key": "escrow-release-date", "type": "definition", "offset": [94, 113]}, {"key": "term-b-3-loans", "type": "clause", "offset": [132, 146]}, {"key": "loans-to", "type": "clause", "offset": [160, 168]}, {"key": "parent-borrower", "type": "clause", "offset": [173, 188]}, {"key": "existing-term-b-2-loans", "type": "definition", "offset": [225, 248]}, {"key": "loans-shall", "type": "definition", "offset": [278, 289]}, {"key": "this-agreement", "type": "clause", "offset": [324, 338]}, {"key": "on-the-amendment-no", "type": "clause", "offset": [340, 359]}, {"key": "term-b-5-loans", "type": "definition", "offset": [406, 420]}, {"key": "base-rate-loans", "type": "definition", "offset": [523, 538]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [542, 563]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [642, 666]}, {"key": "to-exchange", "type": "clause", "offset": [771, 782]}, {"key": "by-lenders", "type": "clause", "offset": [1188, 1198]}, {"key": "loan-and-interest", "type": "clause", "offset": [1264, 1281]}, {"key": "applicable-to", "type": "definition", "offset": [1289, 1302]}, {"key": "period-ending", "type": "clause", "offset": [1359, 1372]}, {"key": "the-interest", "type": "definition", "offset": [1393, 1405]}, {"key": "notwithstanding-the", "type": "definition", "offset": [1475, 1494]}, {"key": "required-periods", "type": "definition", "offset": [1495, 1511]}, {"key": "definition-of-interest-period", "type": "clause", "offset": [1529, 1558]}, {"key": "an-additional", "type": "clause", "offset": [1723, 1736]}, {"key": "the-borrowers", "type": "definition", "offset": [1761, 1774]}, {"key": "the-principal-amount", "type": "definition", "offset": [1822, 1842]}, {"key": "equal-to", "type": "definition", "offset": [1843, 1851]}, {"key": "term-b-4-commitment", "type": "definition", "offset": [1874, 1893]}, {"key": "the-non", "type": "clause", "offset": [1966, 1973]}, {"key": "like-amount", "type": "definition", "offset": [2006, 2017]}, {"key": "gross-proceeds", "type": "definition", "offset": [2025, 2039]}, {"key": "this-clause", "type": "clause", "offset": [2143, 2154]}, {"key": "committed-loan-notice", "type": "definition", "offset": [2416, 2437]}, {"key": "in-connection", "type": "clause", "offset": [2448, 2461]}, {"key": "pay-to", "type": "definition", "offset": [2730, 2736]}, {"key": "term-b-4-lender", "type": "definition", "offset": [2742, 2757]}, {"key": "effectiveness-of-amendment-no", "type": "clause", "offset": [2795, 2824]}, {"key": "interest-on", "type": "definition", "offset": [2858, 2869]}, {"key": "term-b-5-commitment", "type": "definition", "offset": [4297, 4316]}, {"key": "term-b-5-lender", "type": "definition", "offset": [5165, 5180]}], "size": 189, "samples": [{"hash": "C7xFgAThZ1", "uri": "/contracts/C7xFgAThZ1#loans", "label": "Term Loan Agreement (Albertsons Companies, Inc.)", "score": 29.873374939, "published": true}], "hash": "9743ee4c036c6d75092949268de7a9f1", "id": 8}, {"snippet": "Made any loans or advances to any Person other than travel advances and reimbursement of expenses made to employees, officers and directors in the ordinary course of business;", "snippet_links": [{"key": "loans-or-advances", "type": "clause", "offset": [9, 26]}, {"key": "any-person", "type": "definition", "offset": [30, 40]}, {"key": "travel-advances", "type": "clause", "offset": [52, 67]}, {"key": "reimbursement-of-expenses", "type": "definition", "offset": [72, 97]}, {"key": "officers-and-directors", "type": "clause", "offset": [117, 139]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [140, 174]}], "size": 156, "samples": [{"hash": "fXdd7PoJimK", "uri": "/contracts/fXdd7PoJimK#loans", "label": "Share Exchange Agreement (Earlyworks Co., Ltd.)", "score": 36.9945259094, "published": true}, {"hash": "a7fEUjxDVek", "uri": "/contracts/a7fEUjxDVek#loans", "label": "Share Exchange Agreement (Aptorum Group LTD)", "score": 36.761806488, "published": true}, {"hash": "lufex8eq5OX", "uri": "/contracts/lufex8eq5OX#loans", "label": "Share Exchange Agreement (Diamir Biosciences Corp.)", "score": 35.4887046814, "published": true}], "hash": "74d77f5952f910bb1fa0d4dfcdf0447b", "id": 9}, {"snippet": "(a) On the terms and subject to the conditions set forth in this Agreement, each Revolving Lender hereby agrees to make advances to or on behalf of the Borrower (individually, a \u201cRevolving Loan\u201d and collectively the \u201cRevolving Loans\u201d) from time to time on any date (each such date on which a Loan is made, a \u201cLoan Date\u201d) during the period from the Effective Date to the end of the Revolving Period. The Eligible Currency Loans shall be made solely by the Multicurrency Lenders and the Dollar Loans shall be made solely by the Dollar Lenders, in each case in accordance with Section 2.2(d).\n(b) Each Term Lender hereby agrees to make advances to or on behalf of the Borrower (individually, a \u201cTerm Loan\u201d and collectively the \u201cTerm Loans\u201d) on the related Funding Date during the period from the Effective Date until the Term Commitment Termination Date, in each case, in an aggregate principal amount at any one time outstanding up to but not exceeding (i) such Term Lender\u2019s Term Commitment and (ii) as to all Term Lenders, the total Term Commitment at such time. The Eligible Currency Loans shall be made solely by the Multicurrency Lenders and the Dollar Loans shall be made solely by the Dollar Lenders, in each case in accordance with Section 2.2(d).\n(c) Under no circumstances shall any Lender make a Revolving Loan if, after giving effect to such Loan and any purchase of Eligible Collateral Obligations in connection therewith, (i) an Unmatured Event of Default or an Event of Default would exist, (ii) if immediately after giving effect thereto, a Borrowing Base Deficiency would exist, (iii) the Outstanding Loan Amount (using the Applicable Conversion Rate) would exceed (x) the Facility Amount minus (y) the difference (subject to a minimum of zero) of the Aggregate Exposure Equity Amount minus the equivalent in Dollars of the amount on deposit in the Unfunded Exposure Account or (iv) the Foreign Currency Loan Amount would exceed the Foreign Currency Sublimit on such day. Subject to the terms of this Agreement, during the Revolving Period, the Borrower may borrow, reborrow, repay and prepay (subject to the provisions of Section 2.4) one or more Revolving Loans.", "snippet_links": [{"key": "terms-and", "type": "clause", "offset": [11, 20]}, {"key": "the-conditions", "type": "clause", "offset": [32, 46]}, {"key": "in-this-agreement", "type": "definition", "offset": [57, 74]}, {"key": "revolving-lender", "type": "definition", "offset": [81, 97]}, {"key": "agrees-to", "type": "clause", "offset": [105, 114]}, {"key": "make-advances", "type": "clause", "offset": [115, 128]}, {"key": "of-the-borrower", "type": "clause", "offset": [145, 160]}, {"key": "revolving-loans", "type": "clause", "offset": [217, 232]}, {"key": "from-time-to-time", "type": "clause", "offset": [235, 252]}, {"key": "a-loan", "type": "definition", "offset": [290, 296]}, {"key": "loan-date", "type": "definition", "offset": [309, 318]}, {"key": "from-the-effective-date", "type": "clause", "offset": [339, 362]}, {"key": "eligible-currency", "type": "clause", "offset": [403, 420]}, {"key": "loans-shall", "type": "definition", "offset": [421, 432]}, {"key": "multicurrency-lenders", "type": "definition", "offset": [455, 476]}, {"key": "dollar-loans", "type": "clause", "offset": [485, 497]}, {"key": "dollar-lenders", "type": "definition", "offset": [526, 540]}, {"key": "each-case", "type": "definition", "offset": [545, 554]}, {"key": "in-accordance-with", "type": "definition", "offset": [555, 573]}, {"key": "each-term", "type": "clause", "offset": [594, 603]}, {"key": "term-loans", "type": "definition", "offset": [725, 735]}, {"key": "funding-date", "type": "definition", "offset": [753, 765]}, {"key": "term-commitment-termination-date", "type": "definition", "offset": [818, 850]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [872, 898]}, {"key": "term-lenders", "type": "definition", "offset": [1009, 1021]}, {"key": "total-term-commitment", "type": 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"offset": [1846, 1856]}, {"key": "unfunded-exposure-account", "type": "definition", "offset": [1864, 1889]}, {"key": "foreign-currency-loan-amount", "type": "definition", "offset": [1902, 1930]}, {"key": "foreign-currency-sublimit", "type": "definition", "offset": [1948, 1973]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [2002, 2025]}, {"key": "during-the-revolving-period", "type": "clause", "offset": [2027, 2054]}, {"key": "section-24", "type": "definition", "offset": [2138, 2149]}], "size": 152, "samples": [{"hash": "dnL28S9pWQt", "uri": "/contracts/dnL28S9pWQt#loans", "label": "Loan and Servicing Agreement (Antares Strategic Credit Fund)", "score": 35.7104721069, "published": true}, {"hash": "icfCUxErpLP", "uri": "/contracts/icfCUxErpLP#loans", "label": "Loan and Servicing Agreement (Antares Strategic Credit Fund)", "score": 35.0616035461, "published": true}, {"hash": "517uqGC4Y1", "uri": "/contracts/517uqGC4Y1#loans", "label": "Loan and Servicing Agreement (Antares Strategic Credit Fund)", "score": 34.3839836121, "published": true}], "hash": "f6762264cdb8ec2b75eec993e035444b", "id": 10}], "next_curs": "Ck4SSGoVc35sYXdpbnNpZGVyY29udHJhY3RzcioLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig5sb2FucyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Loans", "children": [["loans", "Loans"], ["fees", "Fees"], ["interest", "Interest"], ["notes", "Notes"], ["revolving-loans", "Revolving Loans"]], "size": 20096, "parents": [["representations-and-warranties-of-the-company", "Representations and Warranties of the Company"], ["the-credits", "The Credits"], ["negative-covenants", "NEGATIVE COVENANTS"], ["agreements-with-insiders", "Agreements With Insiders"], ["transactions-requiring-disclosure-to-finra", "Transactions Requiring Disclosure to FINRA"]], "id": "loans", "related": [["revolving-loans", "Revolving Loans", "Revolving <strong>Loans</strong>"], ["loans-advances-investments", "LOANS, ADVANCES, INVESTMENTS", "<strong>LOANS</strong>, ADVANCES, INVESTMENTS"], ["revolving-loan-borrowings", "Revolving Loan Borrowings", "Revolving Loan Borrowings"], ["revolving-loans-and-borrowings", "Revolving Loans and Borrowings", "Revolving <strong>Loans</strong> and Borrowings"], ["loan-advances", "Loan Advances", "Loan Advances"]], "related_snippets": [], "updated": "2026-05-17T04:23:05+00:00", "also_ask": ["What are the essential covenants and representations that must be included in a loan clause?", "How can the loan clause be structured to maximize lender protections while remaining commercially reasonable?", "What are the most common enforceability challenges to loan clauses in court?", "How do loan clause standards differ between secured and unsecured lending?", "What negotiation levers are most effective for borrowers and lenders in loan clause discussions?"], "drafting_tip": "Specify loan amount and terms to prevent disputes; define repayment schedule to ensure clarity; include default remedies to protect lender interests.", "explanation": "The Loans clause defines the terms and conditions under which one party provides funds to another, establishing the framework for borrowing and repayment. It typically outlines the principal amount, interest rate, repayment schedule, and any collateral or security interests involved. By clearly specifying these elements, the clause ensures both parties understand their financial obligations and rights, thereby reducing the risk of disputes and providing a structured process for lending and repayment."}, "json": true, "cursor": ""}}