{"component": "clause", "props": {"groups": [{"snippet": "A regular contribution to a Traditional IRA may be recharacterized pursuant to the rules in Regulations Section 1.408A-5 as a regular contribution to this \u2587\u2587\u2587\u2587 \u2587\u2587\u2587, subject to the limits in Section 4.01(C) of this Agreement.", "size": 63, "snippet_links": [{"key": "regular-contribution", "type": "definition", "offset": [2, 22]}, {"key": "traditional-ira", "type": "definition", "offset": [28, 43]}, {"key": "the-rules", "type": "clause", "offset": [79, 88]}, {"key": "subject-to-the", "type": "clause", "offset": [165, 179]}, {"key": "this-agreement", "type": "clause", "offset": [209, 223]}], "samples": [{"hash": "2Xq5NoDIfTl", "uri": "/contracts/2Xq5NoDIfTl#recharacterization", "label": "Ira Prototype Plan Agreement", "score": 31.9915466309, "published": true}, {"hash": "3cy18PTPsTC", "uri": "/contracts/3cy18PTPsTC#recharacterization", "label": "Ira Prototype Plan Agreement", "score": 31.9888095856, "published": true}, {"hash": "hrhI09nzHSP", "uri": "/contracts/hrhI09nzHSP#recharacterization", "label": "Ira Kit Agreement", "score": 31.6839466095, "published": true}], "hash": "1b2f5e52a88ccedc76d385828fd66753", "id": 4}, {"snippet": "The parties to this Agreement intend the conveyance by the Depositor to the Trustee of all of its right, title and interest in and to the Mortgage Loans pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Depositor shall be deemed to have granted to the Trustee a first priority security interest in all of the Depositor's right, title and interest in and to the Mortgage Loans.", "size": 226, "snippet_links": [{"key": "the-parties-to-this-agreement", "type": "clause", "offset": [0, 29]}, {"key": "the-depositor", "type": "clause", "offset": [55, 68]}, {"key": "to-the-trustee", "type": "clause", "offset": [69, 83]}, {"key": "title-and-interest", "type": "clause", "offset": [105, 123]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [134, 152]}, {"key": "agreement-to", "type": "clause", "offset": [170, 182]}, {"key": "purchase-and-sale", "type": "definition", "offset": [196, 213]}, {"key": "not-a-loan", "type": "clause", "offset": [218, 228]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [230, 259]}, {"key": "to-the-extent", "type": "clause", "offset": [261, 274]}, {"key": "applicable-law", "type": "definition", "offset": [335, 349]}, {"key": "security-agreement", "type": "clause", "offset": [405, 423]}, {"key": "granted-to", "type": "definition", "offset": [492, 502]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [517, 549]}], "samples": [{"hash": "oaaWexxjWN", "uri": "/contracts/oaaWexxjWN#recharacterization", "label": "Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-D Trust)", "score": 19.0, "published": true}, {"hash": "l9JoUaTmG1t", "uri": "/contracts/l9JoUaTmG1t#recharacterization", "label": "Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, LLC)", "score": 19.0, "published": true}, {"hash": "kM90o0fub2P", "uri": "/contracts/kM90o0fub2P#recharacterization", "label": "Pooling and Servicing Agreement (Banc of America Funding Corp)", "score": 19.0, "published": true}], "hash": "a602a401a8ad2b4a585f6cea107bac6c", "id": 1}, {"snippet": "The parties hereto intend the conveyance by the Seller to the Company of all of its right, title and interest in and to the Mortgage Loans pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Seller shall be deemed to have granted to the Company a first priority security interest in all of the Seller's right, title and interest in and to the Mortgage Loans.", "size": 114, "snippet_links": [{"key": "the-parties-hereto", "type": "clause", "offset": [0, 18]}, {"key": "by-the-seller", "type": "clause", "offset": [41, 54]}, {"key": "to-the-company", "type": "clause", "offset": [55, 69]}, {"key": "title-and-interest", "type": "clause", "offset": [91, 109]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [120, 138]}, {"key": "agreement-to", "type": "clause", "offset": [156, 168]}, {"key": "purchase-and-sale", "type": "definition", "offset": [182, 199]}, {"key": "not-a-loan", "type": "clause", "offset": [204, 214]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [216, 245]}, {"key": "to-the-extent", "type": "clause", "offset": [247, 260]}, {"key": "applicable-law", "type": "definition", "offset": [321, 335]}, {"key": "security-agreement", "type": "clause", "offset": [391, 409]}, {"key": "the-seller-shall", "type": "clause", "offset": [440, 456]}, {"key": "granted-to", "type": "definition", "offset": [475, 485]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [500, 532]}, {"key": "of-the-seller", "type": "clause", "offset": [540, 553]}], "samples": [{"hash": "hi5NYw6O7lk", "uri": "/contracts/hi5NYw6O7lk#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-4 Trust)", "score": 18.0, "published": true}, {"hash": "R6CxG8lbtn", "uri": "/contracts/R6CxG8lbtn#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-1 Trust)", "score": 18.0, "published": true}, {"hash": "56Lk8oHXnZG", "uri": "/contracts/56Lk8oHXnZG#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-3 Trust)", "score": 18.0, "published": true}], "hash": "5e9e9ab49eef591cf1d8bc293c734fa6", "id": 3}, {"snippet": "The Parties intend the conveyance by the Seller to the Trustee of all of its right, title and interest in and to the Mortgage Loans pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Seller shall be deemed to have granted to the Trustee a first priority security interest in all of the Seller's right, title and interest in and to the Mortgage Loans.", "size": 188, "snippet_links": [{"key": "the-parties", "type": "definition", "offset": [0, 11]}, {"key": "by-the-seller", "type": "clause", "offset": [34, 47]}, {"key": "to-the-trustee", "type": "clause", "offset": [48, 62]}, {"key": "title-and-interest", "type": "clause", "offset": [84, 102]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [113, 131]}, {"key": "agreement-to", "type": "clause", "offset": [149, 161]}, {"key": "purchase-and-sale", "type": "definition", "offset": [175, 192]}, {"key": "not-a-loan", "type": "clause", "offset": [197, 207]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [209, 238]}, {"key": "to-the-extent", "type": "clause", "offset": [240, 253]}, {"key": "applicable-law", "type": "definition", "offset": [314, 328]}, {"key": "security-agreement", "type": "clause", "offset": [384, 402]}, {"key": "the-seller-shall", "type": "clause", "offset": [433, 449]}, {"key": "granted-to", "type": "definition", "offset": [468, 478]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [493, 525]}, {"key": "of-the-seller", "type": "clause", "offset": [533, 546]}], "samples": [{"hash": "vptZ6Cisg3", "uri": "/contracts/vptZ6Cisg3#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Asset Sec Corp Mort Pass THR Cert Ser 2001-12)", "score": 18.0, "published": true}, {"hash": "rKUVuq8trL", "uri": "/contracts/rKUVuq8trL#recharacterization", "label": "Pooling and Servicing Agreement (Norwest Asset Securities Corp Mor Pas THR Cert Ser 1998-6 Tr)", "score": 18.0, "published": true}, {"hash": "lyNuqPk9ohB", "uri": "/contracts/lyNuqPk9ohB#recharacterization", "label": "Pooling and Servicing Agreement (Norwest Asset Sec Corp Mort Pass THR Cert Ser 1998-29 Trust)", "score": 18.0, "published": true}], "hash": "584efb7668e1efe0e2de62add9b181e9", "id": 2}, {"snippet": "The parties to this Agreement intend the conveyance by the Depositor to the Trustee of all of its right, title and interest in and to the Mortgage Loans and the related Mortgage Files, including all interest and principal received on or with respect to the Mortgage Loans (other than payments of principal and interest due and payable on the Mortgage Loans on or before the Cut-off Date) and the Depositor's rights under the Mortgage Loan Purchase Agreement, including the rights of the Depositor as assignee of the Sponsor with respect to the Sponsor's rights under the Servicing Agreements pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Depositor shall be deemed to have granted to the Trustee a first priority security interest in all of the Depositor's right, title and interest in and to the Mortgage Loans.", "size": 21, "snippet_links": [{"key": "the-parties-to-this-agreement", "type": "clause", "offset": [0, 29]}, {"key": "to-the-trustee", "type": "clause", "offset": [69, 83]}, {"key": "title-and-interest", "type": "clause", "offset": [105, 123]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [134, 152]}, {"key": "mortgage-files", "type": "definition", "offset": [169, 183]}, {"key": "interest-and-principal", "type": "clause", "offset": [199, 221]}, {"key": "received-on", "type": "clause", "offset": [222, 233]}, {"key": "with-respect-to", "type": "clause", "offset": [237, 252]}, {"key": "due-and-payable", "type": "definition", "offset": [319, 334]}, {"key": "mortgage-loan-purchase-agreement", "type": "definition", "offset": [425, 457]}, {"key": "rights-of-the-depositor", "type": "clause", "offset": [473, 496]}, {"key": "the-sponsor", "type": "clause", "offset": [512, 523]}, {"key": "servicing-agreements", "type": "definition", "offset": [571, 591]}, {"key": "agreement-to", "type": "clause", "offset": [609, 621]}, {"key": "purchase-and-sale", "type": "definition", "offset": [635, 652]}, {"key": "not-a-loan", "type": "clause", "offset": [657, 667]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [669, 698]}, {"key": "to-the-extent", "type": "clause", "offset": [700, 713]}, {"key": "applicable-law", "type": "definition", "offset": [774, 788]}, {"key": "security-agreement", "type": "clause", "offset": [844, 862]}, {"key": "granted-to", "type": "definition", "offset": [931, 941]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [956, 988]}], "samples": [{"hash": "hoA60yYEbhL", "uri": "/contracts/hoA60yYEbhL#recharacterization", "label": "Pooling and Servicing Agreement", "score": 29.3408622742, "published": true}, {"hash": "hHz38eJy3OW", "uri": "/contracts/hHz38eJy3OW#recharacterization", "label": "Pooling and Servicing Agreement (Banc of America Funding 2006-5 Trust)", "score": 19.0, "published": true}, {"hash": "9sMnS5Iukoe", "uri": "/contracts/9sMnS5Iukoe#recharacterization", "label": "Pooling and Servicing Agreement (Banc of America Funding 2006-3 Trust)", "score": 19.0, "published": true}], "hash": "a80a4761a333a01c9a87773a59b93d94", "id": 8}, {"snippet": "The Parties intend the conveyance by the Seller to the Trustee of all of its right, title and interest in and to the Trust Estate pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Seller shall be deemed to have granted to the Trustee a first priority security interest in all of the Seller's right, title and interest in and to the Trust Estate.", "size": 35, "snippet_links": [{"key": "the-parties", "type": "definition", "offset": [0, 11]}, {"key": "by-the-seller", "type": "clause", "offset": [34, 47]}, {"key": "to-the-trustee", "type": "clause", "offset": [48, 62]}, {"key": "title-and-interest", "type": "clause", "offset": [84, 102]}, {"key": "the-trust-estate", "type": "clause", "offset": [113, 129]}, {"key": "agreement-to", "type": "clause", "offset": [147, 159]}, {"key": "purchase-and-sale", "type": "definition", "offset": [173, 190]}, {"key": "not-a-loan", "type": "clause", "offset": [195, 205]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [207, 236]}, {"key": "to-the-extent", "type": "clause", "offset": [238, 251]}, {"key": "applicable-law", "type": "definition", "offset": [312, 326]}, {"key": "security-agreement", "type": "clause", "offset": [382, 400]}, {"key": "the-seller-shall", "type": "clause", "offset": [431, 447]}, {"key": "granted-to", "type": "definition", "offset": [466, 476]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [491, 523]}, {"key": "of-the-seller", "type": "clause", "offset": [531, 544]}], "samples": [{"hash": "w8YMGTH6MC", "uri": "/contracts/w8YMGTH6MC#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities Series 2004-H)", "score": 18.0, "published": true}, {"hash": "lfOu4zyeuD2", "uri": "/contracts/lfOu4zyeuD2#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Asset Sec Corp Mort Pass THR Certs 2004-A)", "score": 18.0, "published": true}, {"hash": "ktfCYR5KQjw", "uri": "/contracts/ktfCYR5KQjw#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities Series 2004-W Trust)", "score": 18.0, "published": true}], "hash": "8d8bac583b07ce7db4176900dba46a90", "id": 5}, {"snippet": "The Parties intend the conveyance by the Depositor to the Trustee of all of its right, title and interest in and to the Trust Estate pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Depositor shall be deemed to have granted to the Trustee a first priority security interest in all of the Depositor's right, title and interest in and to the Trust Estate. The Master Servicer shall take all actions, including, without limitation, filing any Uniform Commercial Code continuation statements, as shall be necessary to perfect or maintain the perfection of such security interest.", "size": 32, "snippet_links": [{"key": "the-parties", "type": "definition", "offset": [0, 11]}, {"key": "the-depositor", "type": "clause", "offset": [37, 50]}, {"key": "to-the-trustee", "type": "clause", "offset": [51, 65]}, {"key": "title-and-interest", "type": "clause", "offset": [87, 105]}, {"key": "the-trust-estate", "type": "clause", "offset": [116, 132]}, {"key": "agreement-to", "type": "clause", "offset": [150, 162]}, {"key": "purchase-and-sale", "type": "definition", "offset": [176, 193]}, {"key": "not-a-loan", "type": "clause", "offset": [198, 208]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [210, 239]}, {"key": "to-the-extent", "type": "clause", "offset": [241, 254]}, {"key": "applicable-law", "type": "definition", "offset": [315, 329]}, {"key": "security-agreement", "type": "clause", "offset": [385, 403]}, {"key": "granted-to", "type": "definition", "offset": [472, 482]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [497, 529]}, {"key": "the-master-servicer", "type": "definition", "offset": [610, 629]}, {"key": "all-actions", "type": "definition", "offset": [641, 652]}, {"key": "without-limitation", "type": "clause", "offset": [665, 683]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [696, 719]}, {"key": "continuation-statements", "type": "clause", "offset": [720, 743]}, {"key": "such-security", "type": "definition", "offset": [808, 821]}], "samples": [{"hash": "l6cg4yw8AN1", "uri": "/contracts/l6cg4yw8AN1#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-6 Trust)", "score": 18.0, "published": true}, {"hash": "keoBA5aTXXH", "uri": "/contracts/keoBA5aTXXH#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-3 Trust)", "score": 18.0, "published": true}, {"hash": "kBlxraA00R", "uri": "/contracts/kBlxraA00R#recharacterization", "label": "Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust)", "score": 18.0, "published": true}], "hash": "b7eb65ed543e96105ebd38ace0d0b5c8", "id": 6}, {"snippet": "The parties to this Agreement intend the conveyance by the Seller to the Purchaser of all of its right, title and interest in and to the Mortgage Loans and all Mortgage Files, including all interest and principal received or receivable by the Seller on or with respect to the Mortgage Loans after the Cut-off Date (and including scheduled payments of principal and interest due after the Cut-off Date but received by the Seller on or before the Cut-off Date and Principal Prepayments received or applied on the Cut-off Date, but not including payments of principal and interest due on the Mortgage Loans on or before the Cut-off Date), together with all of the Seller's rights, title and interest in and to all Mortgaged Property and any related title, hazard, primary mortgage, mortgage pool policy or other insurance policies including all income, payments, products and proceeds of any of the foregoing, pursuant to this Agreement to constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to the extent that such conveyance is held not to constitute a sale under applicable law, it is intended that this Agreement shall constitute a security agreement under applicable law and that the Seller shall be deemed to have granted to the Purchaser a first priority security interest in all of the Seller's right, title and interest in and to the Mortgage Loans.", "size": 30, "snippet_links": [{"key": "the-parties-to-this-agreement", "type": "clause", "offset": [0, 29]}, {"key": "the-seller-to-the-purchaser", "type": "clause", "offset": [55, 82]}, {"key": "title-and-interest", "type": "clause", "offset": [104, 122]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [133, 151]}, {"key": "mortgage-files", "type": "definition", "offset": [160, 174]}, {"key": "interest-and-principal", "type": "clause", "offset": [190, 212]}, {"key": "with-respect-to", "type": "clause", "offset": [256, 271]}, {"key": "interest-due", "type": "definition", "offset": [365, 377]}, {"key": "received-by", "type": "definition", "offset": [405, 416]}, {"key": "principal-prepayments-received", "type": "clause", "offset": [462, 492]}, {"key": "of-the-seller", "type": "clause", "offset": [654, 667]}, {"key": "mortgaged-property", "type": "definition", "offset": [711, 729]}, {"key": "pool-policy", "type": "clause", "offset": [788, 799]}, {"key": "other-insurance-policies", "type": "definition", "offset": [803, 827]}, {"key": "products-and-proceeds", "type": "definition", "offset": [860, 881]}, {"key": "agreement-to", "type": "clause", "offset": [924, 936]}, {"key": "purchase-and-sale", "type": "definition", "offset": [950, 967]}, {"key": "not-a-loan", "type": "clause", "offset": [972, 982]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [984, 1013]}, {"key": "to-the-extent", "type": "clause", "offset": [1015, 1028]}, {"key": "applicable-law", "type": "definition", "offset": [1089, 1103]}, {"key": "security-agreement", "type": "clause", "offset": [1159, 1177]}, {"key": "the-seller-shall", "type": "clause", "offset": [1208, 1224]}, {"key": "granted-to", "type": "definition", "offset": [1243, 1253]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [1270, 1302]}], "samples": [{"hash": "jC7UpFdnXRw", "uri": "/contracts/jC7UpFdnXRw#recharacterization", "label": "Mortgage Loan Purchase Agreement (Banc of America Funding 2006-6 Trust)", "score": 19.0, "published": true}, {"hash": "dazmL5yne6D", "uri": "/contracts/dazmL5yne6D#recharacterization", "label": "Mortgage Loan Purchase Agreement (Banc of America Funding 2006-5 Trust)", "score": 19.0, "published": true}, {"hash": "iZpWUchbsUk", "uri": "/contracts/iZpWUchbsUk#recharacterization", "label": "Mortgage Loan Purchase Agreement (Banc of America Funding 2006-4 Trust)", "score": 17.0, "published": true}], "hash": "e5ec7904acebfe5b53991e6223ce759a", "id": 7}, {"snippet": "A regular contribution to a non-\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 may be recharacterized pursuant to the rules in Code \u00a7 1.408A-5 of the regulations as a regular contribution to this IRA, subject to the limits in (c) above.", "size": 17, "snippet_links": [{"key": "regular-contribution", "type": "definition", "offset": [2, 22]}, {"key": "the-rules", "type": "clause", "offset": [76, 85]}, {"key": "the-regulations", "type": "clause", "offset": [108, 123]}, {"key": "subject-to-the", "type": "clause", "offset": [163, 177]}], "samples": [{"hash": "cXsbqJ5UnRn", "uri": "/contracts/cXsbqJ5UnRn#recharacterization", "label": "Custodial Agreement", "score": 27.5516777039, "published": true}, {"hash": "2OXbaJlmlyI", "uri": "/contracts/2OXbaJlmlyI#recharacterization", "label": "Ira Adoption Agreement", "score": 27.1368923187, "published": true}, {"hash": "jXrPjdiclsg", "uri": "/contracts/jXrPjdiclsg#recharacterization", "label": "Custodial Account Agreement for Traditional and Roth Iras", "score": 25.3381252289, "published": true}], "hash": "0258d1a0c55fee3dfeff34d5a30546a3", "id": 9}, {"snippet": "Landlord and Tenant intend this Lease to be a true lease. However, if despite the parties\u2019 intent, it is determined or adjudged by a court for any reason that this Lease is not a true lease or if this Lease is recharacterized as a financing arrangement, then this Lease shall be considered a secured financing agreement and Landlord\u2019s title to the Leased Property shall constitute a perfected first priority lien in Landlord\u2019s favor on the Leased Property to secure the payment and performance of all the Obligor Group Obligations.", "size": 13, "snippet_links": [{"key": "landlord-and-tenant", "type": "clause", "offset": [0, 19]}, {"key": "true-lease", "type": "definition", "offset": [46, 56]}, {"key": "the-parties", "type": "definition", "offset": [78, 89]}, {"key": "for-any-reason", "type": "clause", "offset": [139, 153]}, {"key": "financing-arrangement", "type": "clause", "offset": [231, 252]}, {"key": "financing-agreement", "type": "definition", "offset": [300, 319]}, {"key": "title-to-the-leased-property", "type": "clause", "offset": [335, 363]}, {"key": "perfected-first-priority-lien", "type": "clause", "offset": [383, 412]}, {"key": "to-secure", "type": "clause", "offset": [456, 465]}, {"key": "payment-and-performance", "type": "clause", "offset": [470, 493]}, {"key": "obligor-group-obligations", "type": "definition", "offset": [505, 530]}], "samples": [{"hash": "fAxkYsUrayz", "uri": "/contracts/fAxkYsUrayz#recharacterization", "label": "Master Lease Agreement (LifeCare Holdings, Inc.)", "score": 22.5852165222, "published": true}, {"hash": "ibV3qDN8I4b", "uri": "/contracts/ibV3qDN8I4b#recharacterization", "label": "Master Lease Agreement (Capital Senior Living Corp)", "score": 22.2813148499, "published": true}, {"hash": "djUbHcsClPy", "uri": "/contracts/djUbHcsClPy#recharacterization", "label": "Master Lease Agreement (LifeCare Holdings, Inc.)", "score": 21.0, "published": true}], "hash": "2ab63a77ede07dc6ae1f847282c2965a", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtyZWNoYXJhY3Rlcml6YXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 845, "title": "Recharacterization", "parents": [["miscellaneous-provisions", "MISCELLANEOUS PROVISIONS"], ["transfers-and-rollovers", "Transfers and Rollovers"], ["contribution-rules", "Contribution Rules"], ["monthly-advances", "Monthly Advances"], ["terms-for-certificates", "TERMS FOR CERTIFICATES"]], "children": [["", ""], ["notices", "Notices"], ["defined-terms", "Defined Terms"], ["counterparts", "Counterparts"], ["article-and-section-headings", "Article and Section Headings"]], "id": "recharacterization", "related": [["recharacterizations", "Recharacterizations", "<strong>Recharacterizations</strong>"], ["characterization", "Characterization", "Characterization"], ["tax-characterization", "Tax Characterization", "Tax Characterization"], ["income-tax-characterization", "Income Tax Characterization", "Income Tax Characterization"], ["characterization-of-receivables", "Characterization of Receivables", "Characterization of Receivables"]], "related_snippets": [], "updated": "2025-07-13T04:22:37+00:00", "also_ask": ["What drafting elements are essential to prevent unintended recharacterization by courts?", "How can parties strategically structure transactions to minimize recharacterization risk?", "What are the most common legal tests courts use to determine recharacterization?", "How do recharacterization standards differ across key jurisdictions?", "What negotiation levers can be used to allocate recharacterization risk between parties?"], "drafting_tip": "Define recharacterization triggers precisely to prevent misinterpretation; specify consequences to ensure enforceability; align with governing law to avoid legal conflicts.", "explanation": "A Recharacterization clause defines how certain transactions or arrangements may be treated differently for legal, tax, or accounting purposes than their original form suggests. For example, a loan might be recharacterized as an equity investment if its terms more closely resemble ownership than debt, or a lease could be reclassified as a sale if it transfers most risks and rewards of ownership. This clause helps ensure that the true substance of a transaction is recognized over its form, thereby preventing parties from structuring deals solely to achieve favorable regulatory or tax outcomes."}, "json": true, "cursor": ""}}