{"component": "clause", "props": {"groups": [{"snippet": "Notwithstanding anything to the contrary in this Agreement, if the Pledgee receives any payment or payments on account of the Indebtedness, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver, or any other party under the United States Bankruptcy Code, as amended, or any other federal or state bankruptcy, reorganization, moratorium or insolvency law relating to or affecting the enforcement of creditors' rights generally, common law or equitable doctrine, then to the extent of any sum not finally retained by the Pledgee, each Pledgor's obligations to the Pledgee shall be reinstated and this Agreement shall remain in full force and effect (or be reinstated) until payment shall have been made to Pledgee, which payment shall be due on demand.", "size": 115, "samples": [{"hash": "aU5Uty0zgxP", "uri": 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"clause", "offset": [329, 340]}, {"key": "united-states-bankruptcy-code", "type": "clause", "offset": [351, 380]}, {"key": "as-amended", "type": "definition", "offset": [382, 392]}, {"key": "insolvency-law", "type": "definition", "offset": [466, 480]}, {"key": "relating-to", "type": "definition", "offset": [481, 492]}, {"key": "enforcement-of", "type": "clause", "offset": [510, 524]}, {"key": "rights-generally", "type": "clause", "offset": [536, 552]}, {"key": "common-law", "type": "clause", "offset": [554, 564]}, {"key": "to-the-extent", "type": "clause", "offset": [593, 606]}, {"key": "full-force-and-effect", "type": "clause", "offset": [752, 773]}, {"key": "due-on-demand", "type": "clause", "offset": [863, 876]}], "hash": "9c2d27621cf8dc7def59a7eee940a783", "id": 5}, {"snippet": "Anything in this Guaranty to the contrary notwithstanding, if \u2587\u2587\u2587\u2587\u2587\u2587 receives any payment or payments on account of the liabilities guaranteed hereby, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver, or any other party under any Insolvency Law, common law or equitable doctrine, then to the extent of any sum not finally retained by \u2587\u2587\u2587\u2587\u2587\u2587, the undersigned\u2019s obligations to \u2587\u2587\u2587\u2587\u2587\u2587 shall be reinstated and this Guaranty shall remain in full force and effect (or be reinstated) until payment shall have been made to Laurus, which payment shall be due on demand.", "size": 123, "samples": [{"hash": "ly1yitEr5Zs", "uri": "/contracts/ly1yitEr5Zs#recapture", "label": "Subsidiary Guaranty (Accentia Biopharmaceuticals Inc)", "score": 19.0, "published": true}, {"hash": "kmwJRUWnE7i", "uri": "/contracts/kmwJRUWnE7i#recapture", "label": "Subsidiary Guaranty (TRUEYOU.COM)", "score": 19.0, "published": true}, {"hash": "iRAXFiFXPGc", "uri": "/contracts/iRAXFiFXPGc#recapture", "label": "Subsidiary Guaranty (Xfone Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "this-guaranty", "type": "clause", "offset": [12, 25]}, {"key": "payments-on-account", "type": "clause", "offset": [93, 112]}, {"key": "liabilities-guaranteed", "type": "clause", "offset": [120, 142]}, {"key": "set-aside", "type": "clause", "offset": [270, 279]}, {"key": "a-trustee", "type": "clause", "offset": [312, 321]}, {"key": "other-party", "type": "clause", "offset": [340, 351]}, {"key": "insolvency-law", "type": "definition", "offset": [362, 376]}, {"key": "common-law", "type": "clause", "offset": [378, 388]}, {"key": "to-the-extent", "type": "clause", "offset": [417, 430]}, {"key": "the-undersigned", "type": "definition", "offset": [474, 489]}, {"key": "full-force-and-effect", "type": "clause", "offset": [568, 589]}, {"key": "due-on-demand", "type": "clause", "offset": [678, 691]}], "hash": "35755aaf60813a6fd31ae45562fa6a07", "id": 4}, {"snippet": "In the event of a material breach of the requirements of this Agreement, GO-Biz will notify Taxpayer in writing of the breach and provide Taxpayer with the opportunity to cure the breach within thirty (30) calendar days or such longer period as mutually agreed to in writing between the Parties. If Taxpayer fails to cure the breach within the prescribed timeframe, GO-Biz will notify Taxpayer of the failure, the amount of the Allocation that it will recommend to the Committee to be recaptured, and may recommend termination of this Agreement to the Committee. If the material breach is solely the failure of Taxpayer to satisfy Milestones with respect to an Allocation for a particular taxable year, then the recapture will be limited to that particular taxable year\u2019s Allocation and in no event shall a recapture under this Agreement include any Allocation or Allocations that Taxpayer had previously earned provided that Taxpayer satisfies its obligation to maintain the three (3) employee based Milestones for three (3) subsequent taxable years. Upon receipt of recommendations from", "size": 418, "samples": [{"hash": "b9qm8Jaijmz", "uri": "/contracts/b9qm8Jaijmz#recapture", "label": "California Competes Tax Credit Allocation Agreement", "score": 34.3377151489, "published": true}, {"hash": "aHv9beO0uGX", "uri": "/contracts/aHv9beO0uGX#recapture", "label": "California Competes Tax Credit Allocation Agreement", "score": 34.3336257935, "published": true}, {"hash": "5dth1wzWABP", "uri": "/contracts/5dth1wzWABP#recapture", "label": "California Competes Tax Credit Allocation Agreement", "score": 34.3336257935, "published": true}], "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "requirements-of-this-agreement", "type": "clause", "offset": [41, 71]}, {"key": "in-writing", "type": "clause", "offset": [101, 111]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [156, 175]}, {"key": "within-thirty", "type": "clause", "offset": [187, 200]}, {"key": "calendar-days", "type": "definition", "offset": [206, 219]}, {"key": "agreed-to", "type": "definition", "offset": [254, 263]}, {"key": "between-the-parties", "type": "clause", "offset": [275, 294]}, {"key": "the-allocation", "type": "clause", "offset": [424, 438]}, {"key": "the-committee", "type": "clause", "offset": [465, 478]}, {"key": "agreement-to", "type": "clause", "offset": [535, 547]}, {"key": "the-material", "type": "definition", "offset": [566, 578]}, {"key": "with-respect-to-an", "type": "clause", "offset": [642, 660]}, {"key": "taxable-year", "type": "definition", "offset": [689, 701]}, {"key": "in-no-event-shall", "type": "clause", "offset": [787, 804]}, {"key": "provided-that", "type": "definition", "offset": [912, 925]}, {"key": "obligation-to-maintain", "type": "clause", "offset": [949, 971]}, {"key": "upon-receipt-of", "type": "definition", "offset": [1052, 1067]}], "hash": "3675a7c5c4541dcc55f7618eb8bf06c4", "id": 2}, {"snippet": "The Company may recapture if:\n1. The Company increases its Retention Limit to reduce the amount of in force reinsurance ceded on an automatic basis provided, however, that:\na) No recapture is made until the Reinsured Policy has been in force through the end of the level premium period. For a conversion, the recapture terms of the original policy will apply and the duration for the recapture period will be measured from the effective date of the original policy; and\nb) Recapture will be effected on the next anniversary of each Reinsured Policy eligible for recapture unless agreed otherwise by both parties; and Treaty #100176 Confidential (C3) 14 Execution Copy_7_16_2025\nc) The Company gives the Reinsurer 30 days written notice of its intention to recapture; and\nd) The Company has maintained, from the time the policy was issued, its quota share retention as set out in Exhibit D. The amount of reinsurance eligible for recapture will be the difference between the amount originally retained and the amount the Company would have retained on the same quota share basis had the new retention been in effect at the time of issue. If there is reinsurance with other reinsurers on risks eligible for recapture, the reduction will be applied pro rata to the total outstanding reinsurance. In applying its increased Retention Limit to Reinsured Policies, the age and mortality rating at the time of issue will be used to determine the amount of the Company\u2019s increased retention. Recapture is optional, but if any reinsured business is recaptured, all business eligible must be recaptured in a consistent manner. The parties\u2019 obligations for any recaptured business will be limited to those relating to events or circumstances arising or occurring before the recapture date. If a cession eligible for recapture has been overlooked by the Company, the liability of the Reinsurer will be limited to the refund of the amount of premiums accepted by the Reinsurer after the date of recapture, less allowances or claims paid, if any. No recapture will be permitted if the Company has either obtained or increased stop loss reinsurance coverage as justification for the increase in its Retention Limit.\n2. The Reinsurer does one of the following, regardless of the Reinsured Policies\u2019 duration in force:\na) Increases its reinsurance premium rates on any block of in force business under this agreement on which the Company has not raised its retail premiums or cost of insurance charges; or\nb) Increases its reinsurance premium rates on any block of in force business by an amount greater than the corresponding increase made by the Company to its retail premiums or cost of insurance charges. If the Company elects to recapture, it must notify the Reinsurer of its intention to do so before the rate increase takes effect. The recapture will be effective on the next anniversary of each Reinsured Policy eligible for recapture unless agreed otherwise by both parties. Upon recapture pursuant to this provision, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Company shall not be liable for a fee to recapture reinsurance. Recapture will be effected by way of the Company not remitting applicable premiums. Treaty #100176 Confidential (C3) 15 Execution Copy_7_16_2025", "size": 85, "samples": [{"hash": "6SOzMAFQKUC", "uri": "/contracts/6SOzMAFQKUC#recapture", "label": "Reinsurance Agreement (Thrivent Variable Life Account I)", "score": 37.3230667114, "published": true}, {"hash": "4uNn8rtr0Ni", "uri": "/contracts/4uNn8rtr0Ni#recapture", "label": "Reinsurance Agreement (Thrivent Variable Life Account I)", "score": 37.3230667114, "published": true}], "snippet_links": [{"key": "limit-to", "type": "clause", "offset": [69, 77]}, {"key": "reinsurance-ceded", "type": "clause", "offset": [108, 125]}, {"key": "premium-period", "type": "definition", "offset": [271, 285]}, {"key": "original-policy", "type": "definition", "offset": [332, 347]}, {"key": "recapture-period", "type": "definition", "offset": [384, 400]}, {"key": "effective-date-of-the", "type": "clause", "offset": [427, 448]}, {"key": "unless-agreed-otherwise", "type": "clause", "offset": [572, 595]}, {"key": "by-both-parties", "type": "clause", "offset": [596, 611]}, {"key": "notice-of", "type": "definition", "offset": [729, 738]}, {"key": "the-company-has", "type": "clause", "offset": [774, 789]}, {"key": "the-policy", "type": "definition", "offset": [816, 826]}, {"key": "share-retention", "type": "clause", "offset": [849, 864]}, {"key": "set-out", "type": "definition", "offset": [868, 875]}, {"key": "amount-of-reinsurance", "type": "clause", "offset": [894, 915]}, {"key": "in-effect", "type": "definition", "offset": [1105, 1114]}, {"key": "at-the-time", "type": "clause", "offset": [1115, 1126]}, {"key": "pro-rata", "type": "definition", "offset": [1246, 1254]}, {"key": "total-outstanding", "type": "clause", "offset": [1262, 1279]}, {"key": "reinsured-policies", "type": "definition", "offset": [1338, 1356]}, {"key": "mortality-rating", "type": "clause", "offset": [1370, 1386]}, {"key": "determine-the", "type": "clause", "offset": [1424, 1437]}, {"key": "of-the-company", "type": "clause", "offset": [1445, 1459]}, {"key": "business-is", "type": "definition", "offset": [1527, 1538]}, {"key": "the-parties", "type": "definition", "offset": [1616, 1627]}, {"key": "recaptured-business", "type": "definition", "offset": [1649, 1668]}, {"key": "relating-to", "type": "definition", "offset": [1694, 1705]}, {"key": "recapture-date", "type": "definition", "offset": [1762, 1776]}, {"key": "by-the-company", "type": "clause", "offset": [1834, 1848]}, {"key": "the-liability-of-the-reinsurer", "type": "clause", "offset": [1850, 1880]}, {"key": "amount-of-premiums", "type": "clause", "offset": [1918, 1936]}, {"key": "accepted-by", "type": "definition", "offset": [1937, 1948]}, {"key": "claims-paid", "type": "definition", "offset": [2011, 2022]}, {"key": "reinsurance-coverage", "type": "definition", "offset": [2121, 2141]}, {"key": "justification-for", "type": "clause", "offset": [2145, 2162]}, {"key": "reinsurance-premium-rates", "type": "definition", "offset": [2318, 2343]}, {"key": "in-force-business", "type": "definition", "offset": [2360, 2377]}, {"key": "this-agreement", "type": "clause", "offset": [2384, 2398]}, {"key": "insurance-charges", "type": "clause", "offset": [2466, 2483]}, {"key": "notify-the", "type": "clause", "offset": [2735, 2745]}, {"key": "rate-increase", "type": "definition", "offset": [2793, 2806]}, {"key": "effective-on-the", "type": "clause", "offset": [2843, 2859]}, {"key": "pursuant-to", "type": "clause", "offset": [2981, 2992]}, {"key": "unearned-premiums", "type": "definition", "offset": [3009, 3026]}, {"key": "outstanding-balances", "type": "clause", "offset": [3035, 3055]}, {"key": "the-party", "type": "clause", "offset": [3073, 3082]}, {"key": "positive-balance", "type": "definition", "offset": [3092, 3108]}, {"key": "the-company-shall", "type": "clause", "offset": [3110, 3127]}], "hash": "4c6114db9559f8435766358327d8ce49", "id": 8}, {"snippet": "In the event of a material breach of the requirements of this Agreement, GO-Biz will notify Taxpayer in writing of the breach and provide Taxpayer with the opportunity to cure the breach within thirty (30) business days or such longer period as mutually agreed to in writing between the Parties. If Taxpayer fails to cure the breach within the prescribed timeframe, GO-Biz will notify Taxpayer of the failure, the amount of the Allocation that it will recommend to the Committee to be recaptured, and may recommend termination of this Agreement to the Committee. If the material breach is solely the failure of Taxpayer to satisfy Milestones with respect to an Allocation for a particular taxable year, then the recapture will be limited to that particular taxable year\u2019s Allocation and in no event shall a recapture under this Agreement include any Allocation or Allocations that Taxpayer had previously earned provided that Taxpayer satisfies its obligation to retain the required Milestones for three (3) subsequent taxable years. Upon receipt of recommendations from GO-Biz, the Committee will determine whether to accept or reject GO-Biz\u2019s recommendation of recapture, the amount thereof, and the termination of this Agreement, based on Taxpayer\u2019s failure to fulfill the terms and conditions of this Agreement. Upon approval of the Committee to recapture some or all of the Allocation awarded for failure of Taxpayer to fulfill the terms of this Agreement, GO-Biz will notify the FTB in writing as required under the applicable statutes and regulations. Any amount of additional tax resulting from that recapture shall be assessed by the FTB in the same manner as provided by RTC section 19051. The additional tax resulting from a recapture will be assessed in the taxable year of Taxpayer in which the Committee\u2019s recapture determination occurred.", "size": 871, "samples": [{"hash": "edv55B8wB2Q", "uri": "/contracts/edv55B8wB2Q#recapture", "label": "California Competes Tax Credit Allocation Agreement", "score": 34.1704940796, "published": true}, {"hash": "bwihOBPa0n0", "uri": "/contracts/bwihOBPa0n0#recapture", "label": "California Competes Tax Credit Allocation Agreement", "score": 33.8213653564, "published": true}, {"hash": "kMb1C8rDi6C", "uri": "/contracts/kMb1C8rDi6C#recapture", "label": "California Competes Tax Credit Allocation Agreement", "score": 33.8160552979, "published": true}], "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "requirements-of-this-agreement", "type": "clause", "offset": [41, 71]}, {"key": "in-writing", "type": "clause", "offset": [101, 111]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [156, 175]}, {"key": "within-thirty", "type": "clause", "offset": [187, 200]}, {"key": "business-days", "type": "clause", "offset": [206, 219]}, {"key": "agreed-to", "type": "definition", "offset": [254, 263]}, {"key": "between-the-parties", "type": "clause", "offset": [275, 294]}, {"key": "the-allocation", "type": "clause", "offset": [424, 438]}, {"key": "agreement-to", "type": "clause", "offset": [535, 547]}, {"key": "the-material", "type": "definition", "offset": [566, 578]}, {"key": "with-respect-to-an", "type": "clause", "offset": [642, 660]}, {"key": "taxable-year", "type": "definition", "offset": [689, 701]}, {"key": "in-no-event-shall", "type": "clause", "offset": [787, 804]}, {"key": "provided-that", "type": "definition", "offset": [912, 925]}, {"key": "obligation-to", "type": "clause", "offset": [949, 962]}, {"key": "required-milestones", "type": "clause", "offset": [974, 993]}, {"key": "upon-receipt-of", "type": "definition", "offset": [1034, 1049]}, {"key": "the-committee-will", "type": "clause", "offset": [1079, 1097]}, {"key": "determine-whether", "type": "clause", "offset": [1098, 1115]}, {"key": "the-termination", "type": "clause", "offset": [1198, 1213]}, {"key": "based-on", "type": "clause", "offset": [1233, 1241]}, {"key": "failure-to-fulfill", "type": "clause", "offset": [1253, 1271]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [1276, 1314]}, {"key": "approval-of", "type": "clause", "offset": [1321, 1332]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1437, 1460]}, {"key": "notify-the", "type": "clause", "offset": [1474, 1484]}, {"key": "as-required", "type": "clause", "offset": [1500, 1511]}, {"key": "applicable-statutes-and-regulations", "type": "definition", "offset": [1522, 1557]}, {"key": "additional-tax", "type": "definition", "offset": [1573, 1587]}, {"key": "resulting-from", "type": "definition", "offset": [1588, 1602]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1647, 1665]}], "hash": "77a138e36888f6c5fd975c497875a9d0", "id": 1}, {"snippet": "(a) Upon the occurrence of a Recapture Triggering Event, the Ceding Company shall have the right (but not the obligation) to recapture all, and not less than all, of the Covered Insurance Policies, by providing the Reinsurer with written notice of its intent to effect recapture. Recapture of the Covered Insurance Policies shall be effective on the tenth (10th) day following the day on which the Ceding Company has provided the Reinsurer with such notice (the \"Recapture Date\"). Upon a recapture by the Ceding Company, the Ceding Company will recapture all liabilities and obligations arising under the terms of the Covered Insurance Policies including any Extra Contractual Obligations.\n(b) Following a recapture pursuant to this Section 8.3, subject to the payment obligations described in Section 8.4, both the Ceding Company and the Reinsurer will be fully and finally released from all rights and obligations under this Agreement in respect of the Covered Insurance Policies, including any claims of the Reinsurer to Modified Coinsurance Assets held in connection with recaptured Covered Insurance Policies, other than any payment obligations due hereunder prior to the Recapture Date but still unpaid on such date. Following the consummation of the recapture or termination, no additional Premiums or other amounts payable under such Covered Insurance Policies shall be payable to Reinsurer hereunder and nor, for the avoidance of doubt, shall Reinsurer have any further right to receive any Recoverables.\n(c) Notwithstanding the remedies contemplated by this Article VIII or the Transaction Agreements, the Ceding Company may, in its sole discretion, require direct payment by the Reinsurer of any sum in default under the Transaction Agreements in lieu of exercising the remedies in Article VIII, and it shall be no defense to any such claim that Ceding Company might have had other recourse.", "size": 144, "samples": [{"hash": "5gf7KdwJa8w", "uri": "/contracts/5gf7KdwJa8w#recapture", "label": "Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)", "score": 32.3237495422, "published": true}, {"hash": "ejsHRfIcOu1", "uri": "/contracts/ejsHRfIcOu1#recapture", "label": "Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)", "score": 30.2922649384, "published": true}, {"hash": "9quyGHPwVjv", "uri": "/contracts/9quyGHPwVjv#recapture", "label": "Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)", "score": 30.2922649384, "published": true}], "snippet_links": [{"key": "recapture-triggering-event", "type": "definition", "offset": [29, 55]}, {"key": "the-right", "type": "clause", "offset": [87, 96]}, {"key": "the-obligation", "type": "clause", "offset": [106, 120]}, {"key": "covered-insurance-policies", "type": "definition", "offset": [170, 196]}, {"key": "providing-the", "type": "clause", "offset": [201, 214]}, {"key": "notice-of", "type": "definition", "offset": [238, 247]}, {"key": "effective-on-the", "type": "clause", "offset": [333, 349]}, {"key": "the-day", "type": "definition", "offset": [377, 384]}, {"key": "recapture-date", "type": "definition", "offset": [463, 477]}, {"key": "company-will", "type": "clause", "offset": [532, 544]}, {"key": "liabilities-and-obligations", "type": "clause", "offset": [559, 586]}, {"key": "terms-of-the", "type": "clause", "offset": [605, 617]}, {"key": "extra-contractual-obligations", "type": "definition", "offset": [659, 688]}, {"key": "pursuant-to", "type": "clause", "offset": [716, 727]}, {"key": "section-83", "type": "clause", "offset": [733, 744]}, {"key": "payment-obligations", "type": "definition", "offset": [761, 780]}, {"key": "section-84", "type": "clause", "offset": [794, 805]}, {"key": "the-ceding-company-and-the-reinsurer", "type": "clause", "offset": [812, 848]}, {"key": "and-finally", "type": "clause", "offset": [863, 874]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [893, 936]}, {"key": "in-respect-of", "type": "clause", "offset": [937, 950]}, {"key": "claims-of", "type": "clause", "offset": [997, 1006]}, {"key": "assets-held", "type": "clause", "offset": [1045, 1056]}, {"key": "in-connection-with", "type": "clause", "offset": [1057, 1075]}, {"key": "prior-to-the", "type": "clause", "offset": [1164, 1176]}, {"key": "consummation-of-the", "type": "clause", "offset": [1237, 1256]}, {"key": "additional-premiums", "type": "definition", "offset": [1286, 1305]}, {"key": "other-amounts-payable", "type": "clause", "offset": [1309, 1330]}, {"key": "to-reinsurer", "type": "clause", "offset": [1386, 1398]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1418, 1444]}, {"key": "right-to-receive", "type": "clause", "offset": [1479, 1495]}, {"key": "notwithstanding-the", "type": "definition", "offset": [1518, 1537]}, {"key": "article-viii", "type": "clause", "offset": [1568, 1580]}, {"key": "the-transaction-agreements", "type": "clause", "offset": [1584, 1610]}, {"key": "sole-discretion", "type": "clause", "offset": [1643, 1658]}, {"key": "payment-by-the", "type": "clause", "offset": [1675, 1689]}, {"key": "default-under", "type": "clause", "offset": [1714, 1727]}, {"key": "in-lieu-of", "type": "clause", "offset": [1755, 1765]}, {"key": "no-defense", "type": "clause", "offset": [1823, 1833]}, {"key": "other-recourse", "type": "clause", "offset": [1887, 1901]}], "hash": "0f291991a9e63a15552ea0aa7ae13cb2", "id": 3}, {"snippet": "(a) If Tenant shall desire to assign this Lease, or to sublet the Demised Premises, it shall, no later than thirty (30) days prior to the proposed effective date of the assignment or sublet, submit to Landlord a written request for Landlord\u2019s consent to such assignment or subletting (\u201cTenants Offer Notice\u201d), which shall contain the following information: (i) the name and address of the proposed assignee or subtenant; (ii) the terms and conditions of the proposed assignment or subletting; (iii) the nature and character of the business of the proposed assignee or subtenant and its proposed use of the Demised Premises; and (iv) current financial information and any other information Landlord may reasonably request.\n(b) Tenant\u2019s Offer Notice shall be deemed an offer from Tenant to Landlord whereby Landlord (or Landlord\u2019s designee) may, at Landlord\u2019s option, (i) sublease such space from Tenant (if the proposed transaction is a sublease of all or part of the Demised Premises), (ii) have this Lease assigned to it or terminate this Lease (if the proposed transaction is an assignment or a sublease of all or substantially all of the Demised Premises or a sublease of a portion of the Demised Premises which, when aggregated with other subleases then in effect, covers all or substantially all of the Demised Premises), or (iii) terminate this Lease with respect to the space covered by the proposed sublease (if the proposed transaction is a sublease of part of the Demised Premises). Said option may be exercised by Landlord by notice to Tenant within sixty (60) days after a Tenant\u2019s Offer Notice, together with all information required pursuant to Section 13.03(a), has been given by Tenant to Landlord.\n(c) If Landlord exercises its option under Section 13.03(b) to terminate this Lease, then this Lease shall terminate on the proposed assignment or sublease commencement date specified in the applicable Tenant\u2019s Offer Notice and all Fixed Rent and Additional Rent shall be paid and apportioned to such date.\n(d) If Landlord exercises its option under Section 13.03(b) to have this Lease assigned to it (or its designee), then Tenant shall assign this Lease to Landlord (or Landlord\u2019s designee) by an assignment in form and substance reasonably satisfactory to Landlord, effective on the proposed assignment or sublease commencement date specified in the applicable Tenant\u2019s Offer Notice. Tenant shall not be entitled to consideration or payment from Landlord (or Landlord\u2019s designee) in connection with any such assignment. If the Tenant\u2019s Offer Notice provides that Tenant will pay any consideration or grant any concessions in connection with the proposed assignment or sublease, then Tenant shall pay such consideration and/or grant any such concessions to Landlord (or Landlord\u2019s designee) on the date Tenant assigns this Lease to Landlord (or Landlord\u2019s designee).\n(e) If Landlord exercises its option under Section 13.03(b) to terminate this Lease with respect to the space covered by a proposed sublease, then (i) this Lease shall terminate with respect to such part of the Demised Premises on the effective date of the proposed sublease, (ii) from and after such date the Fixed Rent and Additional Rent shall be adjusted, based upon the proportion that the rentable area of the Demised Premises remaining bears to the total rentable area of the Demised Premises, and (iii) Tenant shall pay to Landlord, upon demand, the costs incurred by Landlord in demising separately such part of the Demised Premises and in complying with any applicable laws and regulations relating to such demise.\n(f) If Landlord exercises its option under Section 13.03(b) to sublet the space Tenant desires to sublet, such sublease to Landlord or its designee (as subtenant) shall be in form and substance reasonably satisfactory to Landlord at the rental rate per rentable square foot of Fixed Rent and Additional Rent then payable pursuant to this Lease and shall be for the term set forth in the applicable Tenant\u2019s Offer Notice, and:\n(i) shall be subject to all of the terms and conditions of this Lease except such as are irrelevant or inapplicable, and except as otherwise expressly set forth to the contrary in this Section 13.03;\n(ii) shall be upon the same terms and conditions as those contained in the applicable Tenant\u2019s Offer Notice and otherwise on the terms and conditions of this Lease, except such as are irrelevant or inapplicable and except as otherwise expressly set forth to the contrary in this Section 13.03;\n(iii) shall permit the sublessee, without Tenant\u2019s consent, freely to assign such sublease or any interest therein or to sublet all or any part of the space covered by such sublease and to make any and all alterations and improvements in the space covered by such sublease;\n(iv) shall provide that any assignee or further subtenant of Landlord or its designee may, at the election of Landlord, make alterations, decorations and installations in such space or any part thereof, any or all of which may be removed, in whole or in part, by such assignee or subtenant, at its option, prior to or upon the expiration or other termination of such sublease, provided that such assignee or subtenant, at its expense, shall repair any damage caused by such removal; and\n(v) shall provide that (i) the parties to such sublease expressly negate any intention that any estate created under such sublease be merged with any other estate held by either of said parties, (ii) any assignment or subletting by Landlord or its designee (as the subtenant) may be for any purpose or purposes that Landlord shall deem appropriate, (iii) Landlord, at Tenant\u2019s expense, may make such alterations as may be required or deemed necessary by Landlord to demise separately the subleased space and to comply with any applicable laws and regulations relating to such demise, and (iv) at the expiration of the term of such sublease, Tenant shall accept the space covered by such sublease in its then existing condition, subject to the obligations of the sublessee to make such repairs thereto as may be necessary to preserve such space in good order and condition.\n(g) In the case of a proposed sublease, Tenant shall not sublet any space to a third party at a rental which is less (on a per rentable square foot basis) than the rental (on a per rentable square foot basis) specified in Tenant\u2019s Offer Notice with respect to such space, without complying once again with all of the provisions of this Section 13.03 and re-offering such space to Landlord at such lower rental. In the case of a proposed assignment, Tenant shall not assign this Lease to a third party where Tenant pays greater consideration or grants a greater concession to such third party for such assignment then the consideration offered to be paid or concession offered to be granted to Landlord in Tenant\u2019s Offer Notice without complying once again with all of the provisions of this Section 13.03 and re-offering to assign this Lease to Landlord and pay such consideration or grant such concession to Landlord.", "size": 111, "samples": [{"hash": "iJ4yJfYCNP4", "uri": "/contracts/iJ4yJfYCNP4#recapture", "label": "Lease Agreement (GTJ REIT, Inc.)", "score": 21.0, "published": true}, {"hash": "fCWtRM1Xywj", "uri": "/contracts/fCWtRM1Xywj#recapture", "label": "Lease Agreement (GTJ REIT, Inc.)", "score": 21.0, "published": true}, {"hash": "aFYldq2j442", "uri": "/contracts/aFYldq2j442#recapture", "label": "Lease Agreement (GTJ REIT, Inc.)", "score": 21.0, "published": true}], "snippet_links": 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Repayment by the Contractor of funds under this recapture provision shall occur within the time period specified by COMMERCE. In the alternative, COMMERCE may recapture such funds from payments due under this Contract.", "size": 85, "samples": [{"hash": "hYEp7eJgl9M", "uri": "/contracts/hYEp7eJgl9M#recapture", "label": "Service Provider Agreement", "score": 36.0474815369, "published": true}, {"hash": "gEg99N9NIfU", "uri": "/contracts/gEg99N9NIfU#recapture", "label": "Interlocal Agreement", "score": 35.2944030762, "published": true}, {"hash": "6aKTfqo3JVq", "uri": "/contracts/6aKTfqo3JVq#recapture", "label": "Grant Agreement", "score": 35.2124214172, "published": true}], "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "state-laws", "type": "clause", "offset": [83, 93]}, {"key": "federal-laws", "type": "clause", "offset": [95, 107]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [116, 138]}, {"key": "right-to-recapture", "type": "clause", "offset": [171, 189]}, {"key": "funds-in", "type": "definition", "offset": [190, 198]}, {"key": "to-compensate", "type": "clause", "offset": [209, 222]}, {"key": "in-addition-to", "type": "clause", "offset": [254, 268]}, {"key": "available-at", "type": "definition", "offset": [288, 300]}, {"key": "by-the-contractor", "type": "clause", "offset": [329, 346]}, {"key": "recapture-provision", "type": "clause", "offset": [367, 386]}, {"key": "time-period", "type": "definition", "offset": [410, 421]}, {"key": "payments-due", "type": "clause", "offset": [504, 516]}, {"key": "under-this-contract", "type": "clause", "offset": [517, 536]}], "hash": "3bf43b3be948ff42f88e75d51a94beb4", "id": 7}, {"snippet": "In the event that the Contractor fails to perform services specified in this contract in accordance with state laws, federal laws, and/or the provisions of this contract, the County reserves the right to recapture funds in an amount required to compensate the County for the noncompliance in addition to any other remedies available at law or in equity. Repayment by the Contractor or refunds under this recapture provision shall occur within the timeframe specified by the County. 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"definition", "offset": [551, 562]}], "hash": "bd8c75de81d2f911ad72049e6e14fea2", "id": 9}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJyZWNhcHR1cmUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 3834, "children": [["", ""], ["recapture", "Recapture"], ["settlement", "Settlement"], ["recapture-for-non-payment", "Recapture for Non-Payment"], ["method-of-recapture", "Method of Recapture"]], "parents": [["assignment-and-subletting", "Assignment and Subletting"], ["expense-limitation", "Expense Limitation"], ["liens", "LIENS"], ["miscellaneous", "Miscellaneous"], ["quiet-enjoyment", "QUIET ENJOYMENT"]], "title": "Recapture", "id": "recapture", "related": [["recapture-income", "Recapture Income", "<strong>Recapture</strong> Income"], ["premium-recapture", "Premium Recapture", "Premium <strong>Recapture</strong>"], ["recapture-provision", "RECAPTURE PROVISION", "<strong>RECAPTURE</strong> PROVISION"], ["usury-recapture", "Usury Recapture", "Usury <strong>Recapture</strong>"], ["recapture-of-funds", "RECAPTURE OF FUNDS", "<strong>RECAPTURE</strong> OF FUNDS"]], "related_snippets": [], "updated": "2026-09-23T04:25:40+00:00", "also_ask": ["What are the most effective negotiation levers when seeking to limit or expand recapture rights?", "Which essential elements must be included in a recapture clause to ensure clarity and enforceability?", "What are the most common pitfalls or fatal flaws that render recapture provisions unenforceable?", "How do recapture clauses differ across jurisdictions or property types, and what legal standards apply?", "What evidentiary thresholds must be met in court to successfully enforce a recapture provision?"], "drafting_tip": "Specify recapture triggers to prevent disputes, define notice requirements to ensure procedural fairness, and clarify consequences to promote enforceability.", "explanation": "The Recapture clause allows a party, typically a landlord or licensor, to reclaim or take back a right or property previously granted to another party under certain conditions. For example, in a commercial lease, if a tenant wishes to sublease or assign their space, the landlord may exercise the recapture right to terminate the lease for that portion and regain control of the premises. This clause provides flexibility and control to the granting party, ensuring they can respond to changes in circumstances or market conditions, and helps prevent unwanted transfers or uses of the property."}, "json": true, "cursor": ""}}