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obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Parent Borrower shall have received the prior written consent of the Administrative Agent to such assignee Lender to the extent required by Section 10.04, which consent shall not unreasonably be withheld, conditioned or delayed, (ii) such assignor Lender shall have received payment of an amount equal to the outstanding principal of its Loans of the relevant Class or Classes (and participations in LC Disbursements and Swingline Loans, to the extent applicable) accrued interest thereon, accrued fees and all other amounts (including, for the avoidance of doubt, any prepayment premium that would have been payable by the relevant Borrower to such Non-Consenting Lender under Section 2.11(a) if such assigning Lender had consented to any Repricing Transaction, in any case, occurring prior to the six-month anniversary of the Restatement Effective Date and giving rise to its status as a Non-Consenting Lender (assuming that such Repricing Transaction has occurred on the date of the effectiveness of such assignment and assumption) payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. In the event that (i) the Parent Borrower or the Administrative Agent have requested the Lenders to consent to a departure or waiver of any provisions of the Loan Documents or to agree to any other modification thereto, (ii) the consent, waiver or other modification in question requires the agreement of all Lenders (or all directly affected Lenders) in accordance with the terms of Section 10.02 and (iii) the Required Lenders (or, in the case of any Class voting, the holders of a majority of the outstanding Loans and unused Commitments in respect of such Class) have agreed to such consent, waiver or other modification, then any Lender who does not agree to such consent, waiver or other modification shall be deemed a \u201cNon-Consenting Lender.\u201d", "hash": "10d7de333847ad8c83b73e5cf9c11c90", "id": 8}, {"snippet_links": [{"key": "for-cause", "type": "clause", "offset": [57, 66]}, {"key": "from-third-parties", "type": "clause", "offset": [88, 106]}, {"key": "terms-and", "type": "clause", "offset": [118, 127]}, {"key": "goods-or-services", "type": "clause", "offset": [173, 190]}, {"key": "contractor-shall", "type": "clause", "offset": [227, 243]}, {"key": "excess-costs", "type": "definition", "offset": [273, 285]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [335, 368]}, {"key": "in-no-event-shall", "type": "clause", "offset": [370, 387]}, {"key": "the-excess", "type": "clause", "offset": [388, 398]}, {"key": "goods-and-services", "type": "clause", "offset": [424, 442]}, {"key": "consequential-damages", "type": "definition", "offset": [533, 554]}], "samples": [{"hash": "5GVGUjCqKAv", "uri": "/contracts/5GVGUjCqKAv#replacement", "label": "Standard Agreement", "score": 35.8335762024, "published": true}, {"hash": "gu0gYT3KEGu", "uri": "/contracts/gu0gYT3KEGu#replacement", "label": "Standard Agreement", "score": 35.8191566467, "published": true}, {"hash": "i4oXOo4g44b", "uri": "/contracts/i4oXOo4g44b#replacement", "label": "Subject Matter Expertise Agreement", "score": 35.6753959656, "published": true}], "size": 228, "snippet": "If the JBE terminates this Agreement in whole or in part for cause, the JBE may acquire from third parties, under the terms and in the manner the JBE considers appropriate, goods or services equivalent to those terminated, and Contractor shall be liable to the JBE for any excess costs for those goods or services. Notwithstanding any other provision of this Agreement, in no event shall the excess cost to the JBE for such goods and services be excluded under this Agreement as indirect, incidental, special, exemplary, punitive or consequential damages of the JBE. 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"type": "clause", "offset": [452, 462]}], "samples": [{"hash": "YvGe8htVb3", "uri": "/contracts/YvGe8htVb3#replacement", "label": "Warrant Agreement (Myomo Inc)", "score": 26.0143737793, "published": true}, {"hash": "cWRewsYsX4I", "uri": "/contracts/cWRewsYsX4I#replacement", "label": "Warrant Agreement (Genocea Biosciences, Inc.)", "score": 22.975358963, "published": true}, {"hash": "gR0n7bwrOww", "uri": "/contracts/gR0n7bwrOww#replacement", "label": "Warrant Agreement (Genocea Biosciences, Inc.)", "score": 22.8083496094, "published": true}], "size": 51, "snippet": "On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement, or bond reasonably satisfactory in form and amount to the Company or, in the case of mutilation, on surrender and cancellation of this Warrant, the Company, at its expense, will execute and deliver, in lieu of this Warrant, a new Warrant of like tenor.", "hash": "2874e282d7586b9915c1b9a9323614ba", "id": 9}, {"snippet_links": [{"key": "registered-debt-security", "type": "definition", "offset": [4, 28]}, {"key": "definitive-form", "type": "clause", "offset": [32, 47]}, {"key": "the-global-agent", "type": "clause", "offset": [177, 193]}, {"key": "evidence-of", "type": "definition", "offset": [197, 208]}, {"key": "theft-or-loss", "type": "clause", "offset": [226, 239]}, {"key": "the-issuance", "type": "clause", "offset": [321, 333]}, {"key": "by-the-holder", "type": "clause", "offset": [435, 448]}, {"key": "taxes-and-expenses", "type": "clause", "offset": [482, 500]}], "samples": [{"hash": "bDutQZFQEii", "uri": "/contracts/bDutQZFQEii#replacement", "label": "Global Debt Facility Agreement (Federal Home Loan Mortgage Corp)", "score": 33.3203277588, "published": true}, {"hash": "g3Vm467HJw", "uri": "/contracts/g3Vm467HJw#replacement", "label": "Global Debt Facility Agreement (Federal Home Loan Mortgage 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Upon the issuance of any substituted Registered Debt Security, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac or the Global Agent may require the payment by the Holder of a sum sufficient to cover any taxes and expenses connected therewith.", "hash": "fa2d4733b9697f8815436ea569c1089e", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRyZXBsYWNlbWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["definitions", "DEFINITIONS"], ["miscellaneous", "Miscellaneous"], ["lessees-obligations", "Lessees Obligations"], ["purchase-agreement", "Purchase Agreement"], ["termination", "Termination"]], "children": [["", ""], ["notices", "Notices"], ["definitions", "Definitions"], ["commissioning-activities", "Commissioning Activities"], ["counterparts", "Counterparts"]], "title": "Replacement", "size": 5597, "id": "replacement", "related": [["substitution-of-equipment", "Substitution of Equipment", "Substitution of Equipment"], ["replacement-of-lost-investments", "Replacement of Lost Investments", "<strong>Replacement</strong> of Lost Investments"], ["card-replacement", "Card Replacement", "Card <strong>Replacement</strong>"], ["substitution", "Substitution", "Substitution"], ["replacement-note", "Replacement Note", "<strong>Replacement</strong> Note"]], "related_snippets": [], "updated": "2026-06-09T04:45:18+00:00", "also_ask": ["What are the essential elements that must be included in a Replacement clause to ensure enforceability?", "How can a Replacement clause be strategically negotiated to protect against unfavorable substitutions?", "What are the most common risks or loopholes in Replacement clauses that could undermine a party\u2019s interests?", "How do Replacement clauses differ across jurisdictions or under different governing laws?", "What standards do courts use to determine if a Replacement clause has been properly triggered and executed?"], "drafting_tip": "Specify the conditions triggering replacement, identify who selects the replacement, and set a clear timeline to prevent disputes and ensure timely continuity.", "explanation": "A replacement clause outlines the procedures and conditions under which one party may substitute a person, product, or service originally specified in the agreement with another. Typically, this clause details the requirements for providing notice, obtaining approval, or meeting certain standards before a replacement is accepted. For example, if a contractor cannot provide a particular employee for a project, the clause may allow them to assign a similarly qualified individual instead. The core function of a replacement clause is to provide flexibility while maintaining quality or performance standards, ensuring that contractual obligations can still be met even if substitutions become necessary."}, "json": true, "cursor": ""}}