{"component": "clause", "props": {"groups": [{"snippet": "Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Indebtedness. Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Indebtedness in such order, proportion or priority as Lender may determine.", "size": 28, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "this-agreement", "type": "clause", "offset": [38, 52]}, {"key": "additional-security", "type": "clause", "offset": [62, 81]}, {"key": "payment-of-the-indebtedness", "type": "clause", "offset": [90, 117]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [119, 149]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [154, 188]}, {"key": "the-right", "type": "clause", "offset": [208, 217]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [245, 265]}, {"key": "to-apply", "type": "clause", "offset": [270, 278]}, {"key": "the-items", "type": "definition", "offset": [321, 330]}, {"key": "lender-may", "type": "definition", "offset": [490, 500]}], "samples": [{"hash": "fKQMim4LWIa", "uri": "/contracts/fKQMim4LWIa#security-for-debt", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505817933, "published": true}, {"hash": "MaAN4BpWXD", "uri": "/contracts/MaAN4BpWXD#security-for-debt", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505817933, "published": true}, {"hash": "9vQ1QpOrqzN", "uri": "/contracts/9vQ1QpOrqzN#security-for-debt", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505817933, "published": true}], "hash": "f010b87dae0663e9c99e0e3af60b8d06", "id": 1}, {"snippet": "Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Debt. Upon the occurrence of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Lender may determine. Any such application to the Debt shall be subject to the Yield Maintenance Premium. On the Maturity Date, any such Letter of Credit may be applied to reduce the Debt.", "size": 24, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "this-agreement", "type": "clause", "offset": [38, 52]}, {"key": "additional-security", "type": "clause", "offset": [62, 81]}, {"key": "payment-of-the-debt", "type": "clause", "offset": [90, 109]}, {"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [111, 153]}, {"key": "the-right", "type": "clause", "offset": [173, 182]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [210, 230]}, {"key": "to-apply", "type": "clause", "offset": [235, 243]}, {"key": "the-items", "type": "definition", "offset": [286, 295]}, {"key": "lender-may", "type": "definition", "offset": [447, 457]}, {"key": "yield-maintenance-premium", "type": "clause", "offset": [526, 551]}, {"key": "on-the-maturity-date", "type": "clause", "offset": [553, 573]}], "samples": [{"hash": "iyaXs9yyF6r", "uri": "/contracts/iyaXs9yyF6r#security-for-debt", "label": "Loan Agreement (Wells Real Estate Investment Trust Inc)", "score": 21.0, "published": true}, {"hash": "giRVkX0Y2th", "uri": "/contracts/giRVkX0Y2th#security-for-debt", "label": "Loan Agreement (Wells Real Estate Investment Trust Inc)", "score": 21.0, "published": true}, {"hash": "fi0Y3GCfZBW", "uri": "/contracts/fi0Y3GCfZBW#security-for-debt", "label": "Loan Agreement (Behringer Harvard Reit I Inc)", "score": 21.0, "published": true}], "hash": "487b928ec51ceeebfe96c11f53d3f7d1", "id": 2}, {"snippet": "Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Debt. Upon the occurrence of an Event of Default, Agent shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Agent may determine.", "size": 8, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "this-agreement", "type": "clause", "offset": [38, 52]}, {"key": "additional-security", "type": "clause", "offset": [62, 81]}, {"key": "payment-of-the-debt", "type": "clause", "offset": [90, 109]}, {"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [111, 153]}, {"key": "agent-shall", "type": "definition", "offset": [155, 166]}, {"key": "the-right", "type": "clause", "offset": [172, 181]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [209, 229]}, {"key": "to-apply", "type": "clause", "offset": [234, 242]}, {"key": "the-items", "type": "definition", "offset": [285, 294]}], "samples": [{"hash": "8rM3PHaQfuy", "uri": "/contracts/8rM3PHaQfuy#security-for-debt", "label": "Loan Agreement", "score": 29.340862423, "published": true}, {"hash": "ec3dpNaRtWA", "uri": "/contracts/ec3dpNaRtWA#security-for-debt", "label": "Loan Agreement (Sothebys)", "score": 24.5085557837, "published": true}, {"hash": "jhslhOEJ4YN", "uri": "/contracts/jhslhOEJ4YN#security-for-debt", "label": "Loan Agreement (Empire State Realty Trust, Inc.)", "score": 23.1163586585, "published": true}], "hash": "00d551e226606d9b6cf072053bec3bbc", "id": 3}, {"snippet": "117 Section 14.2 Additional Rights of Lender.....................................118", "size": 5, "snippet_links": [{"key": "section-142", "type": "clause", "offset": [4, 16]}, {"key": "additional-rights-of-lender", "type": "clause", "offset": [17, 44]}], "samples": [{"hash": "dzCv42yuv8w", "uri": "/contracts/dzCv42yuv8w#security-for-debt", "label": "Revolving Credit Agreement (Shelbourne Properties Ii Inc)", "score": 18.0, "published": true}], "hash": "6c767916e8abf77d878868bba665da20", "id": 4}, {"snippet": "Each Letter of Credit delivered under this Security Instrument shall be additional security for the payment of the Debt. Upon the occurrence of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Lender may determine or to hold such proceeds as security for the Debt.", "size": 4, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "security-instrument", "type": "definition", "offset": [43, 62]}, {"key": "additional-security", "type": "clause", "offset": [72, 91]}, {"key": "payment-of-the-debt", "type": "clause", "offset": [100, 119]}, {"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [121, 163]}, {"key": "the-right", "type": "clause", "offset": [183, 192]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [220, 240]}, {"key": "to-apply", "type": "clause", "offset": [245, 253]}, {"key": "the-items", "type": "definition", "offset": [293, 302]}, {"key": "lender-may", "type": "definition", "offset": [454, 464]}], "samples": [{"hash": "crsBn2xXm1J", "uri": "/contracts/crsBn2xXm1J#security-for-debt", "label": "Security Agreement", "score": 31.340862423, "published": true}, {"hash": "fmB5lxYP1Vj", "uri": "/contracts/fmB5lxYP1Vj#security-for-debt", "label": "Mortgage Modification Agreement (Sun Communities Inc)", "score": 21.0, "published": true}, {"hash": "aYqafjEBkQe", "uri": "/contracts/aYqafjEBkQe#security-for-debt", "label": "Mortgage and Security Agreement (Sun Communities Inc)", "score": 21.0, "published": true}], "hash": "ea87c68d35c2ccaa4e764f698f745d41", "id": 5}, {"snippet": "Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Loan and all sums payable with respect to the Loan under this Agreement and the other Loan Documents. While a Default exists, Administrative Agent for the benefit of the Lenders shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of interest, principal and all other sums payable with respect to the Obligations under this Agreement or the other Loan Documents in such order, proportion or priority as Administrative Agent may determine or to hold such proceeds as security for the Loan.", "size": 3, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "additional-security", "type": "clause", "offset": [62, 81]}, {"key": "payment-of-the-loan", "type": "clause", "offset": [90, 109]}, {"key": "all-sums-payable", "type": "clause", "offset": [114, 130]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [167, 205]}, {"key": "default-exists", "type": "clause", "offset": [215, 229]}, {"key": "administrative-agent", "type": "clause", "offset": [231, 251]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [260, 282]}, {"key": "the-right", "type": "clause", "offset": [294, 303]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [331, 351]}, {"key": "to-apply", "type": "clause", "offset": [356, 364]}, {"key": "payment-of-interest", "type": "definition", "offset": [396, 415]}, {"key": "other-sums", "type": "clause", "offset": [435, 445]}, {"key": "agreement-or", "type": "definition", "offset": [497, 509]}, {"key": "security-for-the-loan", "type": "clause", "offset": [639, 660]}], "samples": [{"hash": "AyTD5t20uC", "uri": "/contracts/AyTD5t20uC#security-for-debt", "label": "Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)", "score": 29.2313483915, "published": true}, {"hash": "b4kKxJJw5b8", "uri": "/contracts/b4kKxJJw5b8#security-for-debt", "label": "Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)", "score": 28.2457221081, "published": true}, {"hash": "aB6Im1XaEvi", "uri": "/contracts/aB6Im1XaEvi#security-for-debt", "label": "Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)", "score": 25.2628336756, "published": true}], "hash": "343e65f75604ff2ad557ecbfdcf2d1db", "id": 6}, {"snippet": "Each Letter of Credit delivered under this Agreement, any other Loan Document shall be additional security for the payment of the Debt. Upon the occurrence of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Lender may determine. Any such application to the Debt shall be subject to the Prepayment Premium, if any. If the Debt has not been paid on the Maturity Date, Lender may draw on any such Letter of Credit and the proceeds may be applied to reduce the Debt.", "size": 3, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "this-agreement", "type": "clause", "offset": [38, 52]}, {"key": "loan-document", "type": "definition", "offset": [64, 77]}, {"key": "additional-security", "type": "clause", "offset": [87, 106]}, {"key": "payment-of-the-debt", "type": "clause", "offset": [115, 134]}, {"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [136, 178]}, {"key": "the-right", "type": "clause", "offset": [198, 207]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [235, 255]}, {"key": "to-apply", "type": "clause", "offset": [260, 268]}, {"key": "the-items", "type": "definition", "offset": [311, 320]}, {"key": "lender-may", "type": "definition", "offset": [472, 482]}, {"key": "subject-to-the", "type": "definition", "offset": [536, 550]}, {"key": "prepayment-premium", "type": "definition", "offset": [551, 569]}, {"key": "on-the-maturity-date", "type": "clause", "offset": [609, 629]}], "samples": [{"hash": "lqnG6vxFTJC", "uri": "/contracts/lqnG6vxFTJC#security-for-debt", "label": "Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)", "score": 23.1574264203, "published": true}, {"hash": "jXf8CTvFaoU", "uri": "/contracts/jXf8CTvFaoU#security-for-debt", "label": "Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)", "score": 23.1574264203, "published": true}, {"hash": "5UkxSybwJ5l", "uri": "/contracts/5UkxSybwJ5l#security-for-debt", "label": "Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)", "score": 23.1574264203, "published": true}], "hash": "5d37ebaf8d7f858d919eefc5fb400f91", "id": 7}, {"snippet": "52 6.9.2 Additional Rights of Lender..........................................52 VII. PROPERTY MANAGEMENT Section 7.1 The Management Agreement.............................................53 Section 7.2 Prohibition Against Termination or Modification......................53 Section 7.3 Replacement of Manager...............................................53 VIII. PERMITTED TRANSFERS", "size": 3, "snippet_links": [{"key": "additional-rights-of-lender", "type": "clause", "offset": [9, 36]}, {"key": "property-management", "type": "definition", "offset": [86, 105]}, {"key": "section-71", "type": "clause", "offset": [106, 117]}, {"key": "the-management-agreement", "type": "clause", "offset": [118, 142]}, {"key": "section-72", "type": "clause", "offset": [190, 201]}, {"key": "prohibition-against-termination-or-modification", "type": "clause", "offset": [202, 249]}, {"key": "section-73", "type": "clause", "offset": [274, 285]}, {"key": "replacement-of-manager", "type": "clause", "offset": [286, 308]}, {"key": "permitted-transfers", "type": "definition", "offset": [364, 383]}], "samples": [{"hash": "g5RRBfeqCo", "uri": "/contracts/g5RRBfeqCo#security-for-debt", "label": "Loan Agreement (Beacon Capital Partners Inc)", "score": 18.0, "published": true}], "hash": "b1f0b15784979eb3d9269b943c095b92", "id": 8}, {"snippet": "Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Debt. Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Lender may determine. Any such application to the Debt shall be subject to the Yield Maintenance Premium to the extent such application occurs prior to the occurrence of the Open Prepayment Date. On the Maturity Date, any such Letter of Credit may be applied to reduce the Debt.", "size": 2, "snippet_links": [{"key": "each-letter-of-credit", "type": "clause", "offset": [0, 21]}, {"key": "this-agreement", "type": "clause", "offset": [38, 52]}, {"key": "additional-security", "type": "clause", "offset": [62, 81]}, {"key": "payment-of-the-debt", "type": "clause", "offset": [90, 109]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [111, 141]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [146, 180]}, {"key": "the-right", "type": "clause", "offset": [200, 209]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [237, 257]}, {"key": "to-apply", "type": "clause", "offset": [262, 270]}, {"key": "the-items", "type": "definition", "offset": [313, 322]}, {"key": "lender-may", "type": "definition", "offset": [474, 484]}, {"key": "yield-maintenance-premium", "type": "clause", "offset": [553, 578]}, {"key": "to-the-extent", "type": "clause", "offset": [579, 592]}, {"key": "prior-to-the", "type": "clause", "offset": [617, 629]}, {"key": "open-prepayment-date", "type": "definition", "offset": [648, 668]}, {"key": "on-the-maturity-date", "type": "clause", "offset": [670, 690]}], "samples": [{"hash": "9yEY8oiMdO0", "uri": "/contracts/9yEY8oiMdO0#security-for-debt", "label": "Loan Agreement (Industrial Logistics Properties Trust)", "score": 30.8069815195, "published": true}, {"hash": "16nWRMlmfIP", "uri": "/contracts/16nWRMlmfIP#security-for-debt", "label": "Loan Agreement (Industrial Logistics Properties Trust)", "score": 30.1389459274, "published": true}], "hash": "711f1179ed626e479e661768577729e3", "id": 9}, {"snippet": "Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Debt. Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Lender may determine. Any such application to the Debt after an Event of Default that remains uncured shall be subject to the Yield Maintenance Premium. 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