{"component": "clause", "props": {"groups": [{"snippet": "IPA covenants for the benefit of Purchaser and each of the other Purchasers that during the period beginning on the Effective Date and ending on the day prior to the Transition Date, it will comply with the provisions of the Original Power Sales Contracts relating to the acquisition, construction, maintenance and operation of the Project, including without limitation, the provisions of Section 44 of the Original Power Sales Contracts. IPA will also operate and maintain the Project in such a manner, and make such replacements and repairs thereto, as and to the extent necessary to keep the Project in at least as good a condition as IPA has agreed with the Original Purchasers to keep the Project pursuant to the Original Power Sales Contracts. It is the intention of the parties that this covenant obligate IPA to render the Project, as of the Transition Date, in as good a condition as it would be had IPA fully performed each of its operation, maintenance, repair and replacement obligations with respect to the Project under the Original Power Sales Contracts during the term thereof, but not impose upon IPA any duties or obligations with respect to the operation, maintenance, repair and replacement of the Project that are more extensive or onerous than, or that otherwise exceed the scope of, IPA\u2019s duties and obligations with respect to such matters under the Original Power Sales Contracts.", "size": 3, "samples": [{"hash": "lR5ppTzLAWm", "uri": "/contracts/lR5ppTzLAWm#project-covenants", "label": "Power Sales Contract", "score": 26.537694931, "published": true}, {"hash": "cwFQtHdTLU", "uri": "/contracts/cwFQtHdTLU#project-covenants", "label": "Renewal Power Sales Contract", "score": 24.4774723053, "published": true}, {"hash": "aExRaT7qPPV", "uri": "/contracts/aExRaT7qPPV#project-covenants", "label": "Renewal Power Sales Contract", "score": 24.1704311371, "published": true}], "snippet_links": [{"key": "of-purchaser", "type": "clause", "offset": [30, 42]}, {"key": "other-purchasers", "type": "definition", "offset": [59, 75]}, {"key": "beginning-on-the-effective-date", "type": "clause", "offset": [99, 130]}, {"key": "the-day", "type": "definition", "offset": [145, 152]}, {"key": "prior-to-the", "type": "clause", "offset": [153, 165]}, {"key": "transition-date", "type": "clause", "offset": [166, 181]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [203, 224]}, {"key": "power-sales-contracts", "type": "definition", "offset": [234, 255]}, {"key": "relating-to", "type": "definition", "offset": [256, 267]}, {"key": "the-acquisition", "type": "clause", "offset": [268, 283]}, {"key": "maintenance-and-operation-of-the-project", "type": "clause", "offset": [299, 339]}, {"key": "including-without-limitation", "type": "clause", "offset": [341, 369]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [371, 396]}, {"key": "operate-and-maintain", "type": "definition", "offset": [453, 473]}, {"key": "replacements-and-repairs", "type": "clause", "offset": [518, 542]}, {"key": "to-the-extent", "type": "clause", "offset": [559, 572]}, {"key": "original-purchasers", "type": "definition", "offset": [662, 681]}, {"key": "pursuant-to-the-original", "type": "clause", "offset": [702, 726]}, {"key": "the-intention-of-the-parties", "type": "clause", "offset": [756, 784]}, {"key": "repair-and-replacement", "type": "clause", "offset": [965, 987]}, {"key": "with-respect-to", "type": "clause", "offset": [1000, 1015]}, {"key": "during-the-term", "type": "clause", "offset": [1069, 1084]}, {"key": "the-operation", "type": "clause", "offset": [1160, 1173]}, {"key": "replacement-of", "type": "clause", "offset": [1199, 1213]}, {"key": "scope-of", "type": "definition", "offset": [1296, 1304]}, {"key": "duties-and-obligations", "type": "clause", "offset": [1312, 1334]}], "hash": "a9011d6e085b9b6487f73f8166e821d7", "id": 1}, {"snippet": "With respect to the Project, Borrower shall or shall cause the Contractors to, as applicable:\n(a) Diligently construct and equip the Project to completion in accordance with the plans and specifications therefor that Lender has approved and not abandon construction.\n(b) Provide evidence satisfactory to Lender of the availability of such sums as Lender may require if at any time Lender deems that the amount available to construct and equip the Project will not be sufficient to complete the Project in accordance with approved plans and specifications, to pay interest on the Bonds during the Construction Period and other sums due under the Borrower Documents, or to cover cost overruns, within 10 days after notice from Lender.\n(c) Obtain Lender's prior written approval, which may be withheld in Lender's sole discretion, of any change in the approved plans and specifications for the Project that might adversely affect the value of the Project or result in cost overruns. Lender shall have a reasonable time period to evaluate requests for approval of any changes. In addition to giving its approval, Lender may require Borrower to deposit additional funds with Lender to cover anticipated increased costs resulting from the change.\n(d) If Lender determines in good faith that any work or materials related to the Project do not conform to approved plans and specifications or are not in accordance with the requirements of this Agreement or the Construction Addendum, Borrower shall cause the work to be stopped at Lender's request, and Lender may withhold disbursements until the matter is corrected. Borrower shall promptly cause the work or materials to be corrected to Lender's satisfaction.\n(e) At Lender's request, post signs on the Property to identify Lender as the Project lender.\n(f) Maintain accounting records for the performance of the Project separate from Borrower's general accounting records, in order to facilitate the determination of costs incurred in connection with the Project and compliance with the Borrower Documents. Upon reasonable advance notice, Lender shall have access to and the right to examine all such records.\n(g) Each time Borrower becomes aware of any change that would increase the total cost of the Project by more than $ [NEED HNB INPUT], or more than $ [NEED HNB INPUT] in the aggregate during any one-month period, then Borrower shall immediately notify Lender in writing. Lender may refuse to make any further disbursement of Loan Proceeds unless and until Borrower demonstrates to Lender's satisfaction that Borrower has adequate funds to pay for any increase in the total cost of the Project. Lender may require Borrower to deposit additional funds with Lender to cover such increased costs.", "size": 2, "samples": [{"hash": "iXDtcdzyoCH", "uri": "/contracts/iXDtcdzyoCH#project-covenants", "label": "Bond Purchase and Loan Agreement", "score": 21.2012329102, "published": true}, {"hash": "6iXvm9Fhxjh", "uri": "/contracts/6iXvm9Fhxjh#project-covenants", "label": "Bond Purchase and Loan Agreement", "score": 21.2012329102, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "borrower-shall", "type": "clause", "offset": [29, 43]}, {"key": "in-accordance-with", "type": "clause", "offset": [155, 173]}, {"key": "the-plans", "type": "clause", "offset": [174, 183]}, {"key": "to-lender", "type": "definition", "offset": [301, 310]}, {"key": "availability-of", "type": "clause", "offset": [318, 333]}, {"key": "lender-may", "type": "definition", "offset": [347, 357]}, {"key": "at-any-time", "type": "clause", "offset": [369, 380]}, {"key": "to-construct", "type": "definition", "offset": [420, 432]}, {"key": "complete-the-project", "type": "definition", "offset": [481, 501]}, {"key": "approved-plans-and-specifications", "type": "clause", "offset": [521, 554]}, {"key": "interest-on-the-bonds", "type": "clause", "offset": [563, 584]}, {"key": "during-the-construction-period", "type": "clause", "offset": [585, 615]}, {"key": "sums-due", "type": "clause", "offset": [626, 634]}, {"key": "borrower-documents", "type": "definition", "offset": [645, 663]}, {"key": "cost-overruns", "type": "definition", "offset": [677, 690]}, {"key": "notice-from-lender", "type": "clause", "offset": [713, 731]}, {"key": "prior-written-approval", "type": "definition", "offset": [753, 775]}, {"key": "sole-discretion", "type": "clause", "offset": [811, 826]}, {"key": "change-in", "type": "clause", "offset": [835, 844]}, {"key": "adversely-affect", "type": "definition", "offset": [910, 926]}, {"key": "the-value", "type": "clause", "offset": [927, 936]}, {"key": "time-period", "type": "clause", "offset": [1011, 1022]}, {"key": "approval-of", "type": "definition", "offset": [1048, 1059]}, {"key": "in-addition-to", "type": "clause", "offset": [1073, 1087]}, {"key": "additional-funds", "type": "definition", "offset": [1148, 1164]}, {"key": "increased-costs", "type": "definition", "offset": [1198, 1213]}, {"key": "resulting-from-the", "type": "clause", "offset": [1214, 1232]}, {"key": "in-good-faith", "type": "definition", "offset": [1266, 1279]}, {"key": "related-to", "type": "definition", "offset": [1307, 1317]}, {"key": "agreement-or", "type": "definition", "offset": [1437, 1449]}, {"key": "construction-addendum", "type": "clause", "offset": [1454, 1475]}, {"key": "work-to-be", "type": "clause", "offset": [1502, 1512]}, {"key": "at-lender", "type": "definition", "offset": [1521, 1530]}, {"key": "and-lender", "type": "clause", "offset": [1542, 1552]}, {"key": "materials-to-be", "type": "clause", "offset": [1653, 1668]}, {"key": "the-property", "type": "clause", "offset": [1744, 1756]}, {"key": "project-lender", "type": "clause", "offset": [1783, 1797]}, {"key": "performance-of-the-project", "type": "clause", "offset": [1839, 1865]}, {"key": "from-borrower", "type": "clause", "offset": [1875, 1888]}, {"key": "general-accounting-records", "type": "clause", "offset": [1891, 1917]}, {"key": "in-order-to", "type": "clause", "offset": [1919, 1930]}, {"key": "costs-incurred", "type": "clause", "offset": [1963, 1977]}, {"key": "in-connection-with", "type": "clause", "offset": [1978, 1996]}, {"key": "compliance-with-the", "type": "clause", "offset": [2013, 2032]}, {"key": "upon-reasonable", "type": "clause", "offset": [2053, 2068]}, {"key": "advance-notice", "type": "definition", "offset": [2069, 2083]}, {"key": "access-to", "type": "definition", "offset": [2103, 2112]}, {"key": "right-to-examine", "type": "clause", "offset": [2121, 2137]}, {"key": "total-cost-of-the-project", "type": "clause", "offset": [2231, 2256]}, {"key": "in-the-aggregate", "type": "definition", "offset": [2322, 2338]}, {"key": "notify-lender", "type": "clause", "offset": [2400, 2413]}, {"key": "in-writing", "type": "clause", "offset": [2414, 2424]}, {"key": "disbursement-of-loan-proceeds", "type": "clause", "offset": [2464, 2493]}, {"key": "until-borrower", "type": "definition", "offset": [2505, 2519]}, {"key": "adequate-funds", "type": "clause", "offset": [2576, 2590]}, {"key": "pay-for", "type": "definition", "offset": [2594, 2601]}], "hash": "03ea007a3d735bf98c03c58adfe47cff", "id": 2}, {"snippet": "Borrower agrees that from the date hereof and until final payment in full of the Obligations, unless Lender shall otherwise consent in writing, Borrower shall comply with the following: Loan to Cost Limitation. Total advances under the Construction Loan for all the Projects, in the aggregate, shall not exceed the lesser of seventy percent (70%) of the as-stabilized aggregate appraised value of all the Projects and eighty percent (80%) of all the developmental costs as shown on the then current Construction Budgets for all the Projects, in the aggregate. Construction Completion. Construction of a Project must be substantially complete, as evidenced by a certificate of occupancy on all buildings, by no later than 12 months after the initial Construction Loan advance for a Project. Secondary Financing. Secondary financing is not permitted on any Property. Primary Banking Accounts. Borrower shall establish a primary Construction Loan disbursement account with Lender. Additionally, Borrower shall establish all other banking accounts related to each Project with Lender.", "size": 2, "samples": [{"hash": "guCKCmzTPus", "uri": "/contracts/guCKCmzTPus#project-covenants", "label": "Construction Loan Agreement (Campus Crest Communities, Inc.)", "score": 21.5366191864, "published": true}, {"hash": "kHhXAYu9SgM", "uri": "/contracts/kHhXAYu9SgM#project-covenants", "label": "Construction Loan Agreement (Campus Crest Communities, Inc.)", "score": 19.4681720734, "published": true}], "snippet_links": [{"key": "date-hereof", "type": "clause", "offset": [30, 41]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [58, 92]}, {"key": "consent-in-writing", "type": "clause", "offset": [124, 142]}, {"key": "borrower-shall", "type": "clause", "offset": [144, 158]}, {"key": "comply-with-the", "type": "clause", "offset": [159, 174]}, {"key": "cost-limitation", "type": "clause", "offset": [194, 209]}, {"key": "total-advances", "type": "definition", "offset": [211, 225]}, {"key": "the-construction-loan", "type": "clause", "offset": [232, 253]}, {"key": "the-projects", "type": "clause", "offset": [262, 274]}, {"key": "in-the-aggregate", "type": "definition", "offset": [276, 292]}, {"key": "lesser-of", "type": "definition", "offset": [315, 324]}, {"key": "aggregate-appraised-value", "type": "definition", "offset": [368, 393]}, {"key": "as-shown", "type": "definition", "offset": [470, 478]}, {"key": "construction-budgets", "type": "definition", "offset": [499, 519]}, {"key": "construction-completion", "type": "clause", "offset": [560, 583]}, {"key": "construction-of", "type": "clause", "offset": [585, 600]}, {"key": "substantially-complete", "type": "definition", "offset": [619, 641]}, {"key": "certificate-of-occupancy", "type": "definition", "offset": [661, 685]}, {"key": "initial-construction-loan-advance", "type": "definition", "offset": [741, 774]}, {"key": "secondary-financing", "type": "definition", "offset": [790, 809]}, {"key": "not-permitted", "type": "clause", "offset": [834, 847]}, {"key": "banking-accounts", "type": "clause", "offset": [873, 889]}, {"key": "account-with", "type": "definition", "offset": [957, 969]}, {"key": "related-to", "type": "definition", "offset": [1044, 1054]}], "hash": "1482c062964d2da80a5ec3c2bf83c665", "id": 3}, {"snippet": "In addition to the representations and obligations of the Company set forth elsewhere in this Agreement, the Registration Rights Agreement and in the Collaboration Agreement, the Company also:\n(a) represents that $12,000,000 is currently a reasonable estimate of the Company's costs and expenses (direct and indirect) to complete the pre-clinical and the Phase I feasibility trial stages of the project contemplated by the Collaboration Agreement and to operate and support MCI as it is currently proposed to be operated, including amounts paid to the Company for performance of activities and supply of services on behalf of MCI; and\n(b) agrees that the Company shall be responsible for any costs and expenses in excess of the $12,000,000 contemplated by this Agreement reasonably required to complete the pre-clinical and the Phase I feasibility trial stages of the project contemplated by the Collaboration Agreement.", "size": 2, "samples": [{"hash": "hlhhyCkEJGZ", "uri": "/contracts/hlhhyCkEJGZ#project-covenants", "label": "Securities Purchase Agreement (Miravant Medical Technologies)", "score": 18.0, "published": true}, {"hash": "b4TSGdZXHeu", "uri": "/contracts/b4TSGdZXHeu#project-covenants", "label": "Securities Purchase Agreement (Miravant Medical Technologies)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [0, 18]}, {"key": "obligations-of-the-company", "type": "clause", "offset": [39, 65]}, {"key": "in-this-agreement", "type": "definition", "offset": [86, 103]}, {"key": "the-registration-rights-agreement", "type": "clause", "offset": [105, 138]}, {"key": "collaboration-agreement", "type": "definition", "offset": [150, 173]}, {"key": "the-company-also", "type": "definition", "offset": [175, 191]}, {"key": "represents-that", "type": "clause", "offset": [197, 212]}, {"key": "reasonable-estimate", "type": "clause", "offset": [240, 259]}, {"key": "costs-and-expenses", "type": "definition", "offset": [277, 295]}, {"key": "direct-and-indirect", "type": "clause", "offset": [297, 316]}, {"key": "the-pre", "type": "clause", "offset": [330, 337]}, {"key": "phase-i", "type": "definition", "offset": [355, 362]}, {"key": "the-project", "type": "clause", "offset": [391, 402]}, {"key": "to-operate", "type": "definition", "offset": [451, 461]}, {"key": "and-support", "type": "clause", "offset": [462, 473]}, {"key": "to-the-company", "type": "clause", "offset": [545, 559]}, {"key": "performance-of-activities", "type": "clause", "offset": [564, 589]}, {"key": "supply-of-services", "type": "definition", "offset": [594, 612]}, {"key": "on-behalf-of", "type": "definition", "offset": [613, 625]}, {"key": "the-company-shall", "type": "clause", "offset": [651, 668]}, {"key": "responsible-for", "type": "clause", "offset": [672, 687]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [740, 770]}], "hash": "75fc6781f0de07b6daf420c42aaba56c", "id": 4}, {"snippet": "Project Operation and Maintenance 15 Section 5.2 Sale or Lease of Project 15 Section 5.3 Subordinate Mortgage and Security Agreement 15 Section 5.4 Advances 15 Section 5.5 Alterations to the Project and Removal of Equipment 15 Section 5.6 Insurance 16 Section 5.7 Damage or Destruction 17 Section 5.8 Condemnation 18 Section 5.9 [Intentionally Omitted] 19 Section 5.10 Hazardous Materials 19 Section 5.11 Release of Real Property 20", "size": 2, "samples": [{"hash": "hkfwojthNG6", "uri": "/contracts/hkfwojthNG6#project-covenants", "label": "Subordinate Loan Agreement", "score": 23.3203277588, "published": true}], "snippet_links": [{"key": "project-operation-and-maintenance", "type": "clause", "offset": [0, 33]}, {"key": "section-52", "type": "clause", "offset": [37, 48]}, {"key": "sale-or-lease-of-project", "type": "clause", "offset": [49, 73]}, {"key": "section-53", "type": "clause", "offset": [77, 88]}, {"key": "mortgage-and-security-agreement", "type": "clause", "offset": [101, 132]}, {"key": "section-54", "type": "clause", "offset": [136, 147]}, {"key": "section-55", "type": "clause", "offset": [160, 171]}, {"key": "alterations-to-the-project-and-removal-of-equipment", "type": "clause", "offset": [172, 223]}, {"key": "section-56", "type": "clause", "offset": [227, 238]}, {"key": "section-57", "type": "clause", "offset": [252, 263]}, {"key": "damage-or-destruction", "type": "clause", "offset": [264, 285]}, {"key": "section-58", "type": "clause", "offset": [289, 300]}, {"key": "section-59", "type": "clause", "offset": [317, 328]}, {"key": "intentionally-omitted", "type": "definition", "offset": [330, 351]}, {"key": "hazardous-materials", "type": "definition", "offset": [369, 388]}, {"key": "release-of-real-property", "type": "clause", "offset": [405, 429]}], "hash": "a94d131e6c5a49dee579f9b3048862b3", "id": 5}, {"snippet": "Section 5.1 Project Title, Operation, and Maintenance.\n(a) The Issuer, the Bondholder Representative, and the Trustee shall not be under any obligation to operate, maintain, or repair the Project. The Borrower agrees that until this Agreement is terminated pursuant to \u2018Section 10.3 hereof, it will, at its own expense, and consistent with similarly sized and situated projects in the metro Austin area, (a) keep the Project in safe repair and in such operating condition as is needed for its operations; (b) except as otherwise provided in this Agreement, make all necessary repairs and replacements to the Project (whether ordinary or extraordinary, structural or nonstructural); (c) operate the Project in a sound and economic manner in accordance with usual business practice, subject to the restrictions imposed on the Project pursuant to each Tax Regulatory Agreement, once executed, and any \u201cextended use agreement\u201d entered into with respect to the Project in order to secure the availability of Low Income Housing Tax Credit for the Project; (d) operate the Project in compliance with all applicable laws, codes, environmental laws, zoning laws, the Americans with Disabilities Act of 1990 applicable to the Project, laws regulating construction, occupancy, or maintenance of property of a character included in the Project; and (e) comply with all applicable existing and future laws, regulations, orders, building codes and restrictions, and requirements of, and all permits and approvals from, and agreements with and commitments to, all governmental, judicial, or legal authorities having actual jurisdiction over the Project and other Requirements of Law applicable to the Project (including all conditions or requirements imposed upon Borrower or the Project in connection with the allocation of Low Income Housing Tax Credit to the Project) or the Borrower\u2019s business conducted thereon or therefrom, and with all restrictive covenants and other title encumbrances encumbering the Project, including without limitation those contained in each Tax Regulatory Agreement, and any additional regulatory agreements to which the Project may now or hereafter be subject in connection with the allocation of low income housing tax credits to the Project (all collectively, the \u201cRequirements\u201d).\n(b) The Borrower shall pay all expenses of the operation and maintenance of the Project including, but without limitation, the policies of insurance required pursuant to Section 5.5 hereof, and all taxes and special assessments levied upon or with respect to the Project and payable during the term of this Agreement, all in conformance with and subject to any good faith contest provisions provided in the Mortgage or this Agreement.\n(c) In the event that the Borrower shall fail to maintain, or cause to be maintained, the full insurance coverage required by this Agreement or shall fail to keep the Project in as reasonably safe condition as its operating conditions will permit, or shall fail to keep the Project in good repair and good operating condition and make all necessary repairs and replacements to the Project (except as otherwise expressly provided for in this Agreement), the Trustee (on direction from the Bondholder Representative) or the Bondholder Representative may (but shall be under no duty or obligation to) after giving the Borrower notice of its intention to do so, contract for the required policies of insurance and pay the reasonable premiums on the same or contract for any required repairs, renewals and replacements; and the Borrower agrees to reimburse the Trustee or the Bondholder Representative, as the case may be, to the extent of the amounts so advanced, and in addition shall pay interest on any such amount at the Default Rate from the date of demand for such amount until the date such amount is paid or reimbursed by the Borrower.\n(d) The Borrower shall obtain or cause to be obtained all required permits and approvals for the operation and maintenance of the Project and shall comply with all lawful requirements of any governmental body with jurisdiction concerning the use or condition of the Project, whether existing or later enacted or whether involving any change in governmental policy or requiring structural or other changes to part or all of the Project and irrespective of the cost of making the same. In furtherance of the foregoing, the Borrower shall obtain the site development permit for the Project within twenty (20) Business Days of the Bond Closing.\n(e) Notwithstanding the provisions of this Section 5.1, and notwithstanding anything in the Agreement, the other Loan Documents or the Permanent Loan Documents to the contrary, the Borrower may in good faith contest the actual validity or the applicability of any law, ordinance, rule or regulation provided that during the period of such contest and any appeal therefrom, (i) such failure to comply with such requirement or requirements will not adversely affect the lien of the Mortgage or endanger the Project or any part thereof and (ii) will not subject the Project or any part thereof to loss or forfeiture.\n(f) The Borrower agrees not to permit to continue or allow others to permit to continue a nuisance in connection with their use or occupancy of the Project.\nSection 5.2 Transfer of the Project or Interest in the Borrower.\n(a) Except as hereinafter provided in this Section 5.2, the following Transfers shall be prohibited: (i) Transfer of all or any part of the Project or any interest in the Project; (ii) Transfer of Control in the Borrower; (iii) Transfer of Control in any entity which Controls the Borrower;", "size": 2, "samples": [{"hash": "1oaLPXsjDmv", "uri": "/contracts/1oaLPXsjDmv#project-covenants", "label": "Loan Agreement", "score": 34.1267700195, "published": true}], "snippet_links": [{"key": "section-51", "type": "clause", "offset": [0, 11]}, {"key": "project-title", "type": "clause", "offset": [12, 25]}, {"key": "the-issuer", "type": "definition", "offset": [59, 69]}, {"key": "bondholder-representative", "type": "definition", "offset": [75, 100]}, {"key": "trustee-shall", "type": "definition", "offset": [110, 123]}, {"key": "obligation-to-operate", "type": "clause", "offset": [141, 162]}, {"key": "section-103", "type": "clause", "offset": [270, 282]}, {"key": "consistent-with", "type": "definition", "offset": [324, 339]}, {"key": "austin-area", "type": "clause", "offset": [391, 402]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [509, 537]}, {"key": "in-this-agreement", "type": "definition", "offset": [538, 555]}, {"key": "repairs-and-replacements", "type": "clause", "offset": [576, 600]}, {"key": "in-accordance-with", "type": "clause", "offset": [737, 755]}, {"key": "business-practice", "type": "definition", "offset": [762, 779]}, {"key": "the-restrictions", "type": "clause", "offset": [792, 808]}, {"key": "tax-regulatory-agreement", "type": "definition", "offset": [849, 873]}, {"key": "once-executed", "type": "clause", "offset": [875, 888]}, {"key": "extended-use-agreement", "type": "definition", "offset": [899, 921]}, {"key": "entered-into", "type": "clause", "offset": [923, 935]}, {"key": "with-respect-to", "type": "clause", "offset": [936, 951]}, {"key": "to-secure", "type": "clause", "offset": [973, 982]}, {"key": "availability-of", "type": "clause", "offset": [987, 1002]}, {"key": "compliance-with-all-applicable-laws", "type": "clause", "offset": [1077, 1112]}, {"key": "environmental-laws", "type": "clause", "offset": [1121, 1139]}, {"key": "zoning-laws", "type": "definition", "offset": [1141, 1152]}, {"key": "americans-with-disabilities-act-of-1990", "type": "definition", "offset": [1158, 1197]}, {"key": "applicable-to", "type": "definition", "offset": [1198, 1211]}, {"key": "maintenance-of-property", "type": "clause", "offset": [1269, 1292]}, {"key": "future-laws", "type": "clause", "offset": [1381, 1392]}, {"key": "building-codes", "type": "clause", "offset": [1415, 1429]}, {"key": "permits-and-approvals", "type": "clause", "offset": [1477, 1498]}, {"key": "and-agreements", "type": "definition", "offset": [1505, 1519]}, {"key": "legal-authorities", "type": "clause", "offset": [1576, 1593]}, {"key": "law-applicable", "type": "clause", "offset": [1664, 1678]}, {"key": "all-conditions", "type": "definition", "offset": [1705, 1719]}, {"key": "upon-borrower", "type": "definition", "offset": [1744, 1757]}, {"key": "in-connection-with", "type": "clause", "offset": [1773, 1791]}, {"key": "allocation-of", "type": "clause", "offset": [1796, 1809]}, {"key": "business-conducted", "type": "clause", "offset": [1874, 1892]}, {"key": "restrictive-covenants", "type": "clause", "offset": [1928, 1949]}, {"key": "including-without-limitation", "type": "clause", "offset": [2004, 2032]}, {"key": "contained-in", "type": "definition", "offset": [2039, 2051]}, {"key": "regulatory-agreements", "type": "clause", "offset": [2102, 2123]}, {"key": "low-income-housing-tax-credits", "type": "clause", "offset": [2214, 2244]}, {"key": "the-borrower-shall", "type": "clause", "offset": [2304, 2322]}, {"key": "operation-and-maintenance-of-the-project", "type": "clause", "offset": [2347, 2387]}, {"key": "insurance-required", "type": "clause", "offset": [2439, 2457]}, {"key": "section-55", "type": "clause", "offset": [2470, 2481]}, {"key": "taxes-and-special-assessments", "type": "clause", "offset": [2498, 2527]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [2583, 2616]}, {"key": "contest-provisions", "type": "clause", "offset": [2672, 2690]}, {"key": "the-mortgage", "type": "clause", "offset": [2703, 2715]}, {"key": "in-the-event", "type": "clause", "offset": [2739, 2751]}, {"key": "fail-to-maintain", "type": "clause", "offset": [2776, 2792]}, {"key": "agreement-or", "type": "definition", "offset": [2866, 2878]}, {"key": "safe-condition", "type": "definition", "offset": [2927, 2941]}, {"key": "operating-conditions", "type": "clause", "offset": [2949, 2969]}, {"key": "in-good-repair", "type": "definition", "offset": [3017, 3031]}, {"key": "good-operating-condition", "type": "definition", "offset": [3036, 3060]}, {"key": "no-duty-or-obligation", "type": "clause", "offset": [3307, 3328]}, {"key": "after-giving", "type": "clause", "offset": [3333, 3345]}, {"key": "notice-of", "type": "definition", "offset": [3359, 3368]}, {"key": "contract-for", "type": "definition", "offset": [3393, 3405]}, {"key": "required-policies", "type": "definition", "offset": [3410, 3427]}, {"key": "insurance-and", "type": "clause", "offset": [3431, 3444]}, {"key": "required-repairs", "type": "clause", "offset": [3505, 3521]}, {"key": "renewals-and-replacements", "type": "clause", "offset": [3523, 3548]}, {"key": "to-reimburse", "type": "definition", "offset": [3574, 3586]}, {"key": "the-case", "type": "definition", "offset": [3636, 3644]}, {"key": "to-the-extent", "type": "clause", "offset": [3653, 3666]}, {"key": "in-addition", "type": "clause", "offset": [3699, 3710]}, {"key": "interest-on-any", "type": "clause", "offset": [3721, 3736]}, {"key": "default-rate", "type": "clause", "offset": [3756, 3768]}, {"key": "date-of-demand", "type": "definition", "offset": [3778, 3792]}, {"key": "by-the-borrower", "type": "clause", "offset": [3858, 3873]}, {"key": "required-permits", "type": "clause", "offset": [3933, 3949]}, {"key": "governmental-body", "type": "clause", "offset": [4066, 4083]}, {"key": "with-jurisdiction", "type": "definition", "offset": [4084, 4101]}, {"key": "concerning-the", "type": "clause", "offset": [4102, 4116]}, {"key": "condition-of-the-project", "type": "clause", "offset": [4124, 4148]}, {"key": "change-in", "type": "clause", "offset": [4209, 4218]}, {"key": "governmental-policy", "type": "clause", "offset": [4219, 4238]}, {"key": "changes-to", "type": "clause", "offset": [4272, 4282]}, {"key": "cost-of", "type": "clause", "offset": [4334, 4341]}, {"key": "the-foregoing", "type": "definition", "offset": [4377, 4390]}, {"key": "site-development-permit", "type": "clause", "offset": [4422, 4445]}, {"key": "business-days-of", "type": "clause", "offset": [4481, 4497]}, {"key": "bond-closing", "type": "definition", "offset": [4502, 4514]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4540, 4566]}, {"key": "in-the-agreement", "type": "clause", "offset": [4601, 4617]}, {"key": "other-loan-documents", "type": "clause", "offset": [4623, 4643]}, {"key": "permanent-loan-documents", "type": "definition", "offset": [4651, 4675]}, {"key": "in-good-faith", "type": "definition", "offset": [4710, 4723]}, {"key": "applicability-of", "type": "clause", "offset": [4759, 4775]}, {"key": "rule-or-regulation", "type": "definition", "offset": [4796, 4814]}, {"key": "provided-that", "type": "definition", "offset": [4815, 4828]}, {"key": "period-of", "type": "clause", "offset": [4840, 4849]}, {"key": "failure-to-comply-with", "type": "clause", "offset": [4898, 4920]}, {"key": "adversely-affect", "type": "definition", "offset": [4963, 4979]}, {"key": "the-lien", "type": "clause", "offset": [4980, 4988]}, {"key": "not-to-permit", "type": "clause", "offset": [5154, 5167]}, {"key": "occupancy-of-the-project", "type": "clause", "offset": [5261, 5285]}, {"key": "section-52", "type": "clause", "offset": [5287, 5298]}, {"key": "transfer-of-the-project", "type": "clause", "offset": [5299, 5322]}, {"key": "interest-in-the-project", "type": "clause", "offset": [5507, 5530]}, {"key": "transfer-of-control", "type": "definition", "offset": [5537, 5556]}], "hash": "37bd05a12ca8e44f82f27ffa2a1fbfe7", "id": 6}, {"snippet": "4.1 The Recipient undertakes, through the Executing Agency, that in its management of the Service Contract, it will exercise the highest standard of diligence and care in monitoring the punctual and correct performance by the Service Provider of their obligations with a view to ensuring that the Services will be procured in accordance with the specifications, within the specified timeframe, and within the limits of the Service Cost.\n4.2 Without prejudice to the generality of Section 4.1, the Recipient shall, through the Executing Agency, be obliged to:\n(a) advise the Bank, as soon as reasonably practicable, of any delay or anticipated delay in the procurement of the Services with full details thereof;\n(b) deal with all regulatory and administrative matters relating to the procurement of the Services in accordance with the relevant applicable laws; and\n(c) issue the Delivery Notice if satisfied that the delivered Services is in conformity with the Service Contract and the specifications.\n4.3 If in breach of Section 4.2, the Recipient gives instructions to the Service Provider as a result of which there is an increase in the Service Cost or the Bank becomes liable to any Party for any claim, loss, damage or expense, then the Recipient agrees to bear the increase in the Service Cost or, as the case may be, to compensate the Bank for any such claim, loss, damage or expense.\n4.4 The Recipient, through the Executing Agency, shall not, without the prior written consent of the Bank, make any amendments, alterations or modifications to the Service Contract which may,\n(a) result in an increase in the Service Cost; or\n(b) result in delay in the planned Delivery Date; or\n(c) result in a change of the specifications; or\n(d) not be in accordance with usual good practice.\n4.5 The Recipient shall, through the Executing Agency, provide such number of its personnel as would be necessary to carry out its duties under this Agreement and under the Service Contract.\n4.6 The Recipient further undertakes to:\n(a) ensure that all amounts withdrawn from the Financing Amount will be used solely for the purposes of the Project and that the proceeds of the Financing Amount will not be used to finance any expenditure with respect to which the Bank determines that any Sanctionable Practices were engaged in by representatives of the Recipient or other recipient of the proceeds of the Financing Amount, without the Recipient having taken timely and appropriate action satisfactory to the Bank to address such practices when they occur;\n(b) implement the Project and to conduct its operations and affairs with due diligence and efficiency and in accordance with sound administrative, financial, engineering and economic practices, under the supervision of qualified and experienced management and personnel and in accordance with the budgets, plans and specifications concerning the Project approved by the Bank;\n(c) ensure that the Service Provider carry out their activities under the Project with due diligence and efficiency and in accordance with sound, technical, economic, financial, managerial, environmental and social standards and practices, including with the provisions of any applicable anti-corruption guidelines;\n(d) submit to the Bank for its approval, in such detail as the Bank may reasonably request, any envisaged important modifications to the budget, plans and specifications of the Project as well as any substantial changes in any contract relating to the execution of the Project;\n(e) afford, during the implementation of the Project and until full payment of the Payment Instalments, all reasonable opportunity for accredited representatives of the Bank to make visits and inspect the Project and any relevant records and documents in relation thereto; and shall furnish to the Bank all such information as the Bank shall reasonably request concerning the Project; and\n(f) take all action which shall be necessary on its part to enable the implementation of the Project and refrain from taking or permitting to be taken, any action which would prevent or interfere with the implementation or operation of the Project or the performance of any obligations under this Agreement.\n4.7 The Recipient shall submit, or cause to be submitted through the Executing Agency, the following reports to the Bank:\n(a) a report on the progress and implementation of the Service Contract in such manner as the Bank may from time to time specify;\n(b) promptly after the issuance of the Delivery Notice but not later than six (6) months after issuance of the Delivery Notice, submit a completion report of such scope and in such detail as the Bank may reasonably request, on the procurement of the Service and the initial operation of the Project;\n(c) an annual audit report by the financial auditor of the Project. This report shall be provided throughout the Gestation Period; and\n(d) any other report or information related to the Project which the Bank may from time to time reasonably request.", "size": 1, "samples": [{"hash": "1gbyeZlN9LL", "uri": "/contracts/1gbyeZlN9LL#project-covenants", "label": "Agency Agreement", "score": 23.0793972015, "published": true}], "snippet_links": [{"key": "executing-agency", "type": "definition", "offset": [42, 58]}, {"key": "the-service-contract", "type": "definition", "offset": [86, 106]}, {"key": "by-the-service-provider", "type": "clause", "offset": [219, 242]}, {"key": "with-a-view-to", "type": "definition", "offset": [264, 278]}, {"key": "the-services", "type": "definition", "offset": [293, 305]}, {"key": "in-accordance-with", "type": "clause", "offset": [323, 341]}, {"key": "the-specifications", "type": "definition", "offset": [342, 360]}, {"key": "specified-timeframe", "type": "definition", "offset": [373, 392]}, {"key": "service-cost", "type": 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"representatives-of-the", "type": "clause", "offset": [2319, 2341]}, {"key": "appropriate-action", "type": "clause", "offset": [2458, 2476]}, {"key": "due-diligence", "type": "clause", "offset": [2618, 2631]}, {"key": "under-the-supervision-of", "type": "definition", "offset": [2739, 2763]}, {"key": "management-and-personnel", "type": "clause", "offset": [2790, 2814]}, {"key": "plans-and-specifications", "type": "clause", "offset": [2851, 2875]}, {"key": "concerning-the", "type": "clause", "offset": [2876, 2890]}, {"key": "by-the-bank", "type": "clause", "offset": [2908, 2919]}, {"key": "activities-under", "type": "clause", "offset": [2974, 2990]}, {"key": "standards-and-practices", "type": "clause", "offset": [3136, 3159]}, {"key": "the-provisions-of", "type": "clause", "offset": [3176, 3193]}, {"key": "submit-to", "type": "definition", "offset": [3241, 3250]}, {"key": "the-bank-may", "type": "clause", "offset": [3296, 3308]}, {"key": "reasonably-request", "type": "definition", 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4170]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [4178, 4210]}, {"key": "reports-to", "type": "clause", "offset": [4313, 4323]}, {"key": "from-time-to-time", "type": "clause", "offset": [4437, 4454]}, {"key": "issuance-of-the", "type": "clause", "offset": [4487, 4502]}, {"key": "report-of", "type": "clause", "offset": [4612, 4621]}, {"key": "scope-and", "type": "clause", "offset": [4627, 4636]}, {"key": "procurement-of-the-service", "type": "clause", "offset": [4695, 4721]}, {"key": "initial-operation", "type": "definition", "offset": [4730, 4747]}, {"key": "annual-audit-report", "type": "definition", "offset": [4771, 4790]}, {"key": "financial-auditor", "type": "clause", "offset": [4798, 4815]}, {"key": "gestation-period", "type": "definition", "offset": [4877, 4893]}, {"key": "other-report", "type": "clause", "offset": [4907, 4919]}, {"key": "related-to", "type": "definition", "offset": [4935, 4945]}], "hash": "e2f601a48f6704f4fb10072e42337cba", "id": 7}, {"snippet": "(a) No Loan Party shall, without the Administrative Agent\u2019s prior written consent (such consent not to be unreasonably delayed, conditioned or withheld) (based in part upon the recommendation of the Independent Construction Consultant), (a) permit or agree to any change in the Plans and Specifications other than a Minor Change, (b) execute or issue any construction change directive under the General Contract other than a Minor Change, (c) amend the scope of work covered by the General Contract or any of the other Project Documents other than a Minor Change, (d) execute any change order under the General Contract other than a Minor Change, or (e) change the Construction Schedule in a manner expected to delay Project Substantial Completion.\n(b) Except for a Minor Change, no Loan Party shall amend, modify or terminate any Project Documents or any Permits or Licenses, the Plans and Specifications, or any Permits, Licenses or other approvals or consents from any applicable Governmental Authority required for completion of the Project without the prior written consent of the Administrative Agent (such consent not to be unreasonably delayed, conditioned or withheld). No Loan Party will suffer or permit any breach or default to occur in any of its obligations under any of the Project Documents nor suffer or permit the same to terminate by reason of its failure to meet any requirement thereof. If any breach or default occurs by any Loan Party under any of the Project Documents, which breach or default is not cured within any applicable cure or grace period, then such breach or default shall constitute an Event of Default.", "size": 1, "samples": [{"hash": "4xTHADjZFIW", "uri": "/contracts/4xTHADjZFIW#project-covenants", "label": "Credit Agreement (Sagent Pharmaceuticals, Inc.)", "score": 27.0260105133, "published": true}], "snippet_links": [{"key": "no-loan-party", "type": "definition", "offset": [4, 17]}, {"key": "prior-written-consent", "type": "clause", "offset": [60, 81]}, {"key": "consent-not-to-be-unreasonably-delayed", "type": "clause", "offset": [88, 126]}, {"key": "the-recommendation", "type": "clause", "offset": [173, 191]}, {"key": "independent-construction-consultant", "type": "definition", "offset": [199, 234]}, {"key": "agree-to", "type": "clause", "offset": [251, 259]}, {"key": "change-in", "type": "clause", "offset": [264, 273]}, {"key": "plans-and-specifications", "type": "clause", "offset": [278, 302]}, {"key": "minor-change", "type": "clause", "offset": [316, 328]}, {"key": "construction-change-directive", "type": "clause", "offset": [355, 384]}, {"key": "general-contract", "type": "clause", "offset": [395, 411]}, {"key": "covered-by", "type": "definition", "offset": [467, 477]}, {"key": "other-project-documents", "type": "clause", "offset": [513, 536]}, {"key": "change-order", "type": "clause", "offset": [580, 592]}, {"key": "the-construction-schedule", "type": "clause", "offset": [661, 686]}, {"key": "project-substantial-completion", "type": "definition", "offset": [717, 747]}, {"key": "permits-or-licenses", "type": "clause", "offset": [856, 875]}, {"key": "approvals-or-consents", "type": "clause", "offset": [941, 962]}, {"key": "applicable-governmental-authority", "type": "definition", "offset": [972, 1005]}, {"key": "completion-of-the-project", "type": "definition", "offset": [1019, 1044]}, {"key": "consent-of-the-administrative-agent", "type": "clause", "offset": [1071, 1106]}, {"key": "breach-or-default", "type": "clause", "offset": [1219, 1236]}, {"key": "failure-to-meet", "type": "clause", "offset": [1367, 1382]}, {"key": "any-loan", "type": "clause", "offset": [1443, 1451]}, {"key": "grace-period", "type": "clause", "offset": [1561, 1573]}, {"key": "default-shall", "type": "definition", "offset": [1595, 1608]}, {"key": "an-event-of-default", "type": "definition", "offset": [1620, 1639]}], "hash": "7120ff043bb1bf70970294c4f4484835", "id": 8}, {"snippet": "18 Section 5.1 Project Operation and Maintenance.................. 18 Section 5.2 Sale of Project.................................... 18 Section 5.3 Alterations to the Project and Removal of Equipment............................... 18 Section 5.4 Taxes and Other Governmental Charges............... 18 Section 5.5 Insurance.......................................... 19", "size": 1, "samples": [{"hash": "1wT3hPrVQVb", "uri": "/contracts/1wT3hPrVQVb#project-covenants", "label": "Loan Agreement (Transcrypt International Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "section-51", "type": "clause", "offset": [3, 14]}, {"key": "project-operation-and-maintenance", "type": "clause", "offset": [15, 48]}, {"key": "section-52", "type": "clause", "offset": [70, 81]}, {"key": "sale-of-project", "type": "clause", "offset": [82, 97]}, {"key": "section-53", "type": "clause", "offset": [137, 148]}, {"key": "alterations-to-the-project-and-removal-of-equipment", "type": "clause", "offset": [149, 200]}, {"key": "section-54", "type": "clause", "offset": [235, 246]}, {"key": "taxes-and-other-governmental-charges", "type": "clause", "offset": [247, 283]}, {"key": "section-55", "type": "clause", "offset": [302, 313]}], "hash": "0464bb3084d75c229597139b4063ba73", "id": 9}, {"snippet": "31 10.4 Financial covenants 34 10.5 Provision of information and reports 36 10.6 Reclamation Work 37 11 TRANSACTION ACCOUNTS 38 11.1 Transaction Accounts 38 11.2 Proceeds Account 38 11.3 Project Account 38 11.4 Priority of application - Proceeds Account 38 11.5 Priority of application - Project Account 39 12 EVENTS OF DEFAULT 40 12.1 Events of Default 40 12.2 Effect of Default 42 12.3 Borrower to continue to perform 42 12.4 Enforcement 43 13 RELEASE OF OBLIGATIONS 43 13.1 Release of obligations 43 13.2 Further assurances 43 14 INDEMNITIES 44 14.1 General indemnity 44 14.2 Foreign currency indemnity 45 14.3 Conversion of currencies 45 14.4 Continuing indemnities and evidence of loss 45 15 FEES, TAX, COSTS AND EXPENSES 46", "size": 1, "samples": [{"hash": "3z2HApBgr60", "uri": "/contracts/3z2HApBgr60#project-covenants", "label": "Facility Agreement (Western Goldfields Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "financial-covenants", "type": "clause", "offset": [8, 27]}, {"key": "provision-of-information-and-reports", "type": "clause", "offset": [36, 72]}, {"key": "reclamation-work", "type": "definition", "offset": [81, 97]}, {"key": "transaction-accounts", "type": "definition", "offset": [104, 124]}, {"key": "proceeds-account", "type": "definition", "offset": [162, 178]}, {"key": "project-account", "type": "clause", "offset": [187, 202]}, {"key": "priority-of-application", "type": "clause", "offset": [211, 234]}, {"key": "events-of-default", "type": "clause", "offset": [310, 327]}, {"key": "effect-of-default", "type": "clause", "offset": [362, 379]}, {"key": "continue-to-perform", "type": "clause", "offset": [400, 419]}, {"key": "release-of-obligations", "type": "clause", "offset": [446, 468]}, {"key": "further-assurances", "type": "clause", "offset": [508, 526]}, {"key": "general-indemnity", "type": "definition", "offset": [553, 570]}, {"key": "foreign-currency-indemnity", "type": "clause", "offset": [579, 605]}, {"key": "conversion-of-currencies", "type": "clause", "offset": [614, 638]}, {"key": "continuing-indemnities-and-evidence-of-loss", "type": "clause", "offset": [647, 690]}, {"key": "costs-and-expenses", "type": "definition", "offset": [708, 726]}], "hash": "62ba6d605e9975a693a7363c54456c67", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihpwcm9qZWN0LWNvdmVuYW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Project Covenants", "children": [["", ""], ["insurance", "Insurance"], ["entry-and-inspection", "Entry and Inspection"], ["protection-against-liens", "Protection Against Liens"], ["permits-and-warranties", "Permits and Warranties"]], "parents": [["currency-exchanges", "Currency exchanges"], ["additional-government-covenants", "Additional Government Covenants"], ["covenants", "Covenants"], ["security-agreement", "Security Agreement"], ["taxes-and-fees", "Taxes and fees"]], "size": 49, "id": "project-covenants", "related": [["operating-covenants", "Operating Covenants", "Operating Covenants"], ["equipment-covenants", "Equipment Covenants", "Equipment Covenants"], ["joint-covenants", "Joint Covenants", "Joint Covenants"], ["specific-covenants", "Specific Covenants", "Specific Covenants"], ["interim-covenants", "Interim Covenants", "Interim Covenants"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Project Covenants clause sets out specific obligations and commitments that a party must adhere to throughout the duration of a project. These covenants typically require the party to perform certain actions, such as maintaining project standards, meeting deadlines, or complying with applicable laws and regulations. For example, a party may be required to provide regular progress reports or ensure that all necessary permits are obtained. The core function of this clause is to ensure ongoing compliance and accountability, thereby reducing the risk of project delays or failures."}, "json": true, "cursor": ""}}