{"component": "clause", "props": {"groups": [{"snippet": "Upon its receipt of an Assignment and Acceptance executed by an assignee, together with any Note or Notes subject to such assignment, Lender shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit J hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register, and (iii) give prompt written notice thereof to Borrower. Within five (5) Business Days after its receipt of such notice, Borrower, at Lender\u2019s own expense, shall execute and deliver to Lender in exchange and substitution for the surrendered Note or Notes a new Note to the order of such assignee in an amount equal to the portion of the Loan assigned to it and a new Note to the order of Lender in an amount equal to the portion of the Loan retained by it hereunder. Such new Note or Notes shall be in an aggregate Principal Amount equal to the aggregate then outstanding principal amount of such surrendered Note or Notes, shall be dated the effective date of such Assignment and Acceptance and shall otherwise be in substantially the form of the Note (modified, however, to the extent necessary so as not to impose duplicative or increased obligations on Borrower and to delete obligations previously satisfied by Borrower). Notwithstanding the provisions of this Article XV, Borrower and Operating Lessee shall not be responsible or liable for any additional taxes, reserves, adjustments or other costs and expenses that are related to, or arise as a result of, any transfer of the Loan or any interest or participation therein that arise solely and exclusively from the transfer of the Loan or any interest or participation therein or from the execution of the new Note contemplated by this Section 15.5, including, without limitation, any mortgage tax. Lender and/or the assignees, as the case may be, shall from time to time designate one agent through which Borrower shall request all approvals and consents required or contemplated by this Agreement and on whose statements Borrower, Operating Lessee and Guarantor may rely.", "snippet_links": [{"key": "an-assignment-and-acceptance", "type": "clause", "offset": [20, 48]}, {"key": "executed-by", "type": "definition", "offset": [49, 60]}, {"key": "note-or-notes", "type": "definition", "offset": [92, 105]}, {"key": "subject-to", "type": "clause", "offset": [106, 116]}, {"key": "exhibit-j", "type": "definition", "offset": [237, 246]}, {"key": "the-information", "type": "clause", "offset": [310, 325]}, {"key": "the-register", "type": "clause", "offset": [347, 359]}, {"key": "notice-thereof", "type": "clause", "offset": [391, 405]}, {"key": "to-borrower", "type": "definition", "offset": [406, 417]}, {"key": "days-after", "type": "definition", "offset": [444, 454]}, {"key": "at-lender", "type": "definition", "offset": [493, 502]}, {"key": "deliver-to-lender", "type": "clause", "offset": [536, 553]}, {"key": "in-exchange", "type": "clause", "offset": [554, 565]}, {"key": "note-to", "type": "clause", "offset": [623, 630]}, {"key": "order-of", "type": "clause", "offset": [635, 643]}, {"key": "equal-to", "type": "definition", "offset": [671, 679]}, {"key": "the-loan", "type": "clause", "offset": [695, 703]}, {"key": "of-lender", "type": "clause", "offset": [747, 756]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [867, 893]}, {"key": "outstanding-principal-amount", "type": "clause", "offset": [922, 950]}, {"key": "date-of", "type": "clause", "offset": [1015, 1022]}, {"key": "form-of-the-note", "type": "clause", "offset": [1098, 1114]}, {"key": "to-the-extent", "type": "clause", "offset": [1135, 1148]}, {"key": "by-borrower", "type": "clause", "offset": [1275, 1286]}, {"key": "article-xv", "type": "definition", "offset": [1328, 1338]}, {"key": "lessee-shall", "type": "clause", "offset": [1363, 1375]}, {"key": "be-responsible", "type": "clause", "offset": [1380, 1394]}, {"key": "additional-taxes", "type": "definition", "offset": [1413, 1429]}, {"key": "other-costs-and-expenses", "type": "clause", "offset": [1456, 1480]}, {"key": "related-to", "type": "clause", "offset": [1490, 1500]}, {"key": "transfer-of-the", "type": "clause", "offset": [1531, 1546]}, {"key": "solely-and-exclusively", "type": "definition", "offset": [1604, 1626]}, {"key": "the-transfer", "type": "clause", "offset": [1632, 1644]}, {"key": "the-execution", "type": "clause", "offset": [1706, 1719]}, {"key": "section-155", "type": "clause", "offset": [1757, 1769]}, {"key": "without-limitation", "type": "clause", "offset": [1782, 1800]}, {"key": "mortgage-tax", "type": "clause", "offset": [1806, 1818]}, {"key": "the-case", "type": "definition", "offset": [1852, 1860]}, {"key": "from-time-to-time", "type": "clause", "offset": [1875, 1892]}, {"key": "one-agent", "type": "clause", "offset": [1903, 1912]}, {"key": "borrower-shall", "type": "clause", "offset": [1927, 1941]}, {"key": "consents-required", "type": "definition", "offset": [1968, 1985]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [1989, 2019]}], "size": 35, "samples": [{"hash": "fKQMim4LWIa", "uri": "/contracts/fKQMim4LWIa#substitute-notes", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505813599, "published": true}, {"hash": "4LIbxcjBrZ7", "uri": "/contracts/4LIbxcjBrZ7#substitute-notes", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505813599, "published": true}, {"hash": "3RLP09YGv2O", "uri": "/contracts/3RLP09YGv2O#substitute-notes", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505813599, "published": true}], "hash": "f99ee5de2f27ce2ea6af8396616ca3a9", "id": 1}, {"snippet": "Upon request of the Administrative Agent, each Borrower shall execute and deliver to the Administrative Agent substitute promissory notes, in form and substance satisfactory to the Administrative Agent in all respects, payable to the order of such Person as may be designated by the Administrative Agent; provided that the aggregate principal amount of all outstanding promissory notes shall not exceed the Commitment Amount (plus the Swing Line Commitment Amount) as of the date such substitute note(s) are issued.", "snippet_links": [{"key": "upon-request", "type": "clause", "offset": [0, 12]}, {"key": "the-administrative-agent", "type": "definition", "offset": [16, 40]}, {"key": "borrower-shall", "type": "clause", "offset": [47, 61]}, {"key": "deliver-to", "type": "definition", "offset": [74, 84]}, {"key": "promissory-notes", "type": "definition", "offset": [121, 137]}, {"key": "form-and-substance", "type": "clause", "offset": [142, 160]}, {"key": "in-all-respects", "type": "clause", "offset": [202, 217]}, {"key": "payable-to", "type": "definition", "offset": [219, 229]}, {"key": "order-of", "type": "clause", "offset": [234, 242]}, {"key": "provided-that", "type": "definition", "offset": [305, 318]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [323, 349]}, {"key": "the-commitment-amount", "type": "clause", "offset": [403, 424]}, {"key": "swing-line-commitment-amount", "type": "definition", "offset": [435, 463]}], "size": 16, "samples": [{"hash": "9SXA9ZGZMRK", "uri": "/contracts/9SXA9ZGZMRK#substitute-notes", "label": "Business Loan and Security Agreement (Vse Corp)", "score": 35.35181427, "published": true}, {"hash": "d6PnPoAU9FF", "uri": "/contracts/d6PnPoAU9FF#substitute-notes", "label": "Business Loan and Security Agreement (Vse Corp)", "score": 35.1820678711, "published": true}, {"hash": "fKMDdZvH7AA", "uri": "/contracts/fKMDdZvH7AA#substitute-notes", "label": "Business Loan and Security Agreement (Vse Corp)", "score": 34.5660514832, "published": true}], "hash": "be04acf83a7e19bf5effa69617156140", "id": 2}, {"snippet": "Upon (i) receipt by the Company of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation hereof, or (ii) the request of the Holder of this Note upon surrender hereof, the Company shall execute and deliver in lieu hereof, a new Note or Notes, payable to the order of the Holder or such persons as the Holder may request and in a principal amount equal to the unpaid principal amount hereof, which shall be dated and bear interest from the date to which interest has theretofore been paid hereon. Each such Note shall in all other respects be in the same form and be treated the same as this Note and all references herein to this Note shall apply to each such Note.", "snippet_links": [{"key": "by-the-company", "type": "clause", "offset": [17, 31]}, {"key": "ownership-of", "type": "clause", "offset": [81, 93]}, {"key": "the-request", "type": "clause", "offset": [157, 168]}, {"key": "this-note", "type": "clause", "offset": [186, 195]}, {"key": "the-company-shall", "type": "clause", "offset": [219, 236]}, {"key": "execute-and-deliver", "type": "clause", "offset": [237, 256]}, {"key": "in-lieu", "type": "clause", "offset": [257, 264]}, {"key": "note-or-notes", "type": "definition", "offset": [279, 292]}, {"key": "payable-to", "type": "definition", "offset": [294, 304]}, {"key": "order-of", "type": "clause", "offset": [309, 317]}, {"key": "equal-to", "type": "definition", "offset": [397, 405]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [410, 433]}, {"key": "in-all-other-respects", "type": "clause", "offset": [568, 589]}, {"key": "all-references-herein-to", "type": "definition", "offset": [651, 675]}], "size": 12, "samples": [{"hash": "9oH4Kg0xWcV", "uri": "/contracts/9oH4Kg0xWcV#substitute-notes", "label": "Convertible Promissory Note (Maverick Energy Group, Ltd.)", "score": 30.8220405579, "published": true}, {"hash": "68dd42vnG7a", "uri": "/contracts/68dd42vnG7a#substitute-notes", "label": "Convertible Promissory Note (Maverick Energy Group, Ltd.)", "score": 30.8220405579, "published": true}, {"hash": "kz2Rz5UmJ3I", "uri": "/contracts/kz2Rz5UmJ3I#substitute-notes", "label": "Convertible Promissory Note (Maverick Energy Group, Ltd.)", "score": 30.5947971344, "published": true}], "hash": "3429ae0b3f3b68f446f15d386d0a391b", "id": 3}, {"snippet": "Upon request of the Agent, each Borrower shall execute and deliver to the Agent substitute promissory notes, in form and substance satisfactory to the Agent in all respects, payable to the order of such person or entity as may be designated by the Agent; it being understood and agreed, however, that the aggregate principal amount of all outstanding promissory notes shall not exceed the Commitment Amount (plus the Swing Line Commitment Amount) as of the date such substitute note(s) are issued.", "snippet_links": [{"key": "upon-request", "type": "clause", "offset": [0, 12]}, {"key": "borrower-shall", "type": "clause", "offset": [32, 46]}, {"key": "deliver-to", "type": "definition", "offset": [59, 69]}, {"key": "promissory-notes", "type": "definition", "offset": [91, 107]}, {"key": "form-and-substance", "type": "clause", "offset": [112, 130]}, {"key": "in-all-respects", "type": "clause", "offset": [157, 172]}, {"key": "payable-to", "type": "definition", "offset": [174, 184]}, {"key": "order-of", "type": "clause", "offset": [189, 197]}, {"key": "person-or-entity", "type": "clause", "offset": [203, 219]}, {"key": "by-the-agent", "type": "clause", "offset": [241, 253]}, {"key": "understood-and-agreed", "type": "clause", "offset": [264, 285]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [305, 331]}, {"key": "the-commitment-amount", "type": "clause", "offset": [385, 406]}, {"key": "swing-line-commitment-amount", "type": "definition", "offset": [417, 445]}], "size": 5, "samples": [{"hash": "2MhxQgCAnWL", "uri": "/contracts/2MhxQgCAnWL#substitute-notes", "label": "Business Loan and Security Agreement (ICF International, Inc.)", "score": 21.0, "published": true}, {"hash": "1D30zF5W2wB", "uri": "/contracts/1D30zF5W2wB#substitute-notes", "label": "Business Loan and Security Agreement (ICF International, Inc.)", "score": 21.0, "published": true}], "hash": "fbc1ce42649e0733195df4e6e75ee72c", "id": 4}, {"snippet": "Upon its receipt of an Assignment and Acceptance executed by an assignee, together with any Mezzanine Note or Mezzanine Notes subject to such assignment, Mezzanine Lender shall, if such Assignment and Acceptance has been completed and is in substantially the form of EXHIBIT J hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register, and (iii) give prompt written notice thereof to Mezzanine Borrower. Within five", "snippet_links": [{"key": "an-assignment-and-acceptance", "type": "clause", "offset": [20, 48]}, {"key": "executed-by", "type": "definition", "offset": [49, 60]}, {"key": "mezzanine-notes", "type": "definition", "offset": [110, 125]}, {"key": "subject-to", "type": "clause", "offset": [126, 136]}, {"key": "mezzanine-lender", "type": "definition", "offset": [154, 170]}, {"key": "form-of", "type": "clause", "offset": [259, 266]}, {"key": "exhibit-j", "type": "definition", "offset": [267, 276]}, {"key": "the-information", "type": "clause", "offset": [340, 355]}, {"key": "the-register", "type": "clause", "offset": [377, 389]}, {"key": "notice-thereof", "type": "clause", "offset": [421, 435]}, {"key": "mezzanine-borrower", "type": "clause", "offset": [439, 457]}], "size": 4, "samples": [{"hash": "eCtYUWyUOrA", "uri": "/contracts/eCtYUWyUOrA#substitute-notes", "label": "Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)", "score": 18.0, "published": true}, {"hash": "8gz8ARy2bSX", "uri": "/contracts/8gz8ARy2bSX#substitute-notes", "label": "Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)", "score": 18.0, "published": true}], "hash": "da9f37841d6d9d9fd8cee737c233ef07", "id": 5}, {"snippet": "100 Section 15.4 Participations....................................................................... 101 Section 15.5 Disclosure of Information............................................................ 101 Section 15.6 Security Interest in Favor of Federal Reserve Bank................................... 101", "snippet_links": [{"key": "section-154", "type": "clause", "offset": [4, 16]}, {"key": "section-155", "type": "clause", "offset": [107, 119]}, {"key": "disclosure-of-information", "type": "clause", "offset": [120, 145]}, {"key": "section-156", "type": "clause", "offset": [210, 222]}, {"key": "security-interest-in-favor-of-federal-reserve-bank", "type": "clause", "offset": [223, 273]}], "size": 4, "samples": [{"hash": "1mOn9Na1Y39", "uri": "/contracts/1mOn9Na1Y39#substitute-notes", "label": "Loan and Security Agreement (Alexanders Inc)", "score": 18.0, "published": true}], "hash": "714dd38cd1d562a6f9c0f32a09b6b097", "id": 6}, {"snippet": "Within five Business Days after its receipt of notice by the Administrative Agent that it has received an executed Assignment and Acceptance Agreement and payment of the processing fee (which notice shall also be sent by the Administrative Agent to each Lender), the Borrower shall, if requested by the Assignee, execute and deliver to the Administrative Agent, a new Note evidencing such Assignee\u2019s Percentage Share of the Loan, and the existing Note which such new Note replaces shall be returned to Borrower.", "snippet_links": [{"key": "days-after", "type": "definition", "offset": [21, 31]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [47, 81]}, {"key": "assignment-and-acceptance-agreement", "type": "clause", "offset": [115, 150]}, {"key": "processing-fee", "type": "definition", "offset": [170, 184]}, {"key": "each-lender", "type": "clause", "offset": [249, 260]}, {"key": "the-borrower-shall", "type": "clause", "offset": [263, 281]}, {"key": "requested-by", "type": "definition", "offset": [286, 298]}, {"key": "the-assignee", "type": "clause", "offset": [299, 311]}, {"key": "deliver-to", "type": "definition", "offset": [325, 335]}, {"key": "new-note", "type": "definition", "offset": [364, 372]}, {"key": "percentage-share", "type": "definition", "offset": [400, 416]}, {"key": "the-loan", "type": "clause", "offset": [420, 428]}, {"key": "existing-note", "type": "definition", "offset": [438, 451]}, {"key": "to-borrower", "type": "definition", "offset": [499, 510]}], "size": 3, "samples": [{"hash": "i16sNdUgVdY", "uri": "/contracts/i16sNdUgVdY#substitute-notes", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 25.5941143036, "published": true}, {"hash": "4cODwTi7iOA", "uri": "/contracts/4cODwTi7iOA#substitute-notes", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 22.5605754852, "published": true}], "hash": "31516c6f79c81aad35c83f3c97de044d", "id": 7}, {"snippet": "To evidence the decrease in the aggregate Revolving Credit Commitment from $21,000,000 to $13,000,000, the Company is, concurrently herewith, executing and delivering to each of the Revolving Credit Lenders a substitute Revolving Credit Note (each a \"Substitute Note\") in substitution for, but not repayment of, the Revolving Credit Note (each a \"Prior Note\") heretofore issued to each such Revolving Credit Lender. The parties acknowledge and agree that the execution and delivery of the Substitute Notes shall not constitute a repayment, refinancing, accord and satisfaction or novation of the Prior Notes or the indebtedness evidenced thereby.", "snippet_links": [{"key": "aggregate-revolving-credit-commitment", "type": "clause", "offset": [32, 69]}, {"key": "the-company", "type": "clause", "offset": [103, 114]}, {"key": "revolving-credit-lenders", "type": "definition", "offset": [182, 206]}, {"key": "repayment-of", "type": "clause", "offset": [298, 310]}, {"key": "the-revolving-credit-note", "type": "clause", "offset": [312, 337]}, {"key": "issued-to", "type": "definition", "offset": [371, 380]}, {"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [416, 454]}, {"key": "delivery-of-the", "type": "clause", "offset": [473, 488]}, {"key": "accord-and-satisfaction", "type": "definition", "offset": [553, 576]}, {"key": "prior-notes", "type": "clause", "offset": [596, 607]}, {"key": "the-indebtedness", "type": "clause", "offset": [611, 627]}], "size": 3, "samples": [{"hash": "7hhyVwuPwJ0", "uri": "/contracts/7hhyVwuPwJ0#substitute-notes", "label": "Credit Agreement (Correctional Services Corp)", "score": 16.0, "published": true}], "hash": "22b5c5c8888ba129ab7a0bf17b6c8d08", "id": 8}, {"snippet": "Within five (5) Business Days after its receipt of notice by the Agent that it has received an executed Assignment and Acceptance and payment of the processing fee, the Borrower shall execute and deliver to the Agent, new Notes evidencing such Assignee's assigned Loans and, if the assignor Lender has retained a portion of its Loans and its Commitment, replacement Notes in the principal amount of the Loans retained by the assignor Lender (such Notes to be in exchange for, but not in payment of, the Notes held by such Lender). Immediately upon each Assignee's making its processing fee payment under the Assignment and Acceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such Commitments of the assigning Lender pro tanto.", "snippet_links": [{"key": "days-after", "type": "definition", "offset": [25, 35]}, {"key": "by-the-agent", "type": "clause", "offset": [58, 70]}, {"key": "executed-assignment", "type": "clause", "offset": [95, 114]}, {"key": "processing-fee", "type": "definition", "offset": [149, 163]}, {"key": "the-borrower-shall", "type": "clause", "offset": [165, 183]}, {"key": "deliver-to", "type": "definition", "offset": [196, 206]}, {"key": "new-notes", "type": "definition", "offset": [218, 227]}, {"key": "assigned-loans", "type": "definition", "offset": [255, 269]}, {"key": "assignor-lender", "type": "definition", "offset": [282, 297]}, {"key": "a-portion", "type": "definition", "offset": [311, 320]}, {"key": "replacement-notes", "type": "definition", "offset": [354, 371]}, {"key": "the-principal-amount", "type": "definition", "offset": [375, 395]}, {"key": "the-loans", "type": "clause", "offset": [399, 408]}, {"key": "by-the-assignor", "type": "clause", "offset": [418, 433]}, {"key": "in-exchange", "type": "clause", "offset": [459, 470]}, {"key": "in-payment", "type": "clause", "offset": [484, 494]}, {"key": "the-notes", "type": "clause", "offset": [499, 508]}, {"key": "immediately-upon-each-assignee", "type": "clause", "offset": [531, 561]}, {"key": "fee-payment", "type": "definition", "offset": [586, 597]}, {"key": "the-assignment-and-acceptance", "type": "clause", "offset": [604, 633]}, {"key": "this-agreement", "type": "clause", "offset": [635, 649]}, {"key": "to-the-extent", "type": "clause", "offset": [680, 693]}, {"key": "addition-of", "type": "clause", "offset": [744, 755]}, {"key": "the-assignee", "type": "clause", "offset": [756, 768]}, {"key": "adjustment-of-the-commitments", "type": "clause", "offset": [787, 816]}, {"key": "allocated-to", "type": "definition", "offset": [851, 863]}, {"key": "commitments-of-the", "type": "clause", "offset": [896, 914]}, {"key": "assigning-lender", "type": "definition", "offset": [915, 931]}], "size": 2, "samples": [{"hash": "iGKbRxnmYQR", "uri": "/contracts/iGKbRxnmYQR#substitute-notes", "label": "Loan and Security Agreement (Weirton Steel Corp)", "score": 18.0, "published": true}, {"hash": "8ZM4gv2CVYM", "uri": "/contracts/8ZM4gv2CVYM#substitute-notes", "label": "Loan and Security Agreement (Fruit of the Loom LTD)", "score": 18.0, "published": true}], "hash": "52f7e9ef3e7087c3da49203ff7460687", "id": 9}, {"snippet": "Upon request of the Administrative Agent, each Borrower shall execute and deliver to the Administrative Agent substitute promissory notes, in form and substance satisfactory to the Administrative Agent in all respects, payable to such Person (and such Person\u2019s registered assigns) as may be designated by the Administrative Agent; provided, however, that (i) the aggregate principal amount of all outstanding promissory notes shall not exceed the applicable commitment amount as of the date such substitute note(s) are issued, and (ii) the replaced notes are marked canceled and delivered to the Borrowers (or customary evidence of the loss or destruction thereof is provided to the Borrowers).", "snippet_links": [{"key": "upon-request", "type": "clause", "offset": [0, 12]}, {"key": "the-administrative-agent", "type": "definition", "offset": [16, 40]}, {"key": "borrower-shall", "type": "clause", "offset": [47, 61]}, {"key": "deliver-to", "type": "definition", "offset": [74, 84]}, {"key": "promissory-notes", "type": "definition", "offset": [121, 137]}, {"key": "form-and-substance", "type": "clause", "offset": [142, 160]}, {"key": "in-all-respects", "type": "clause", "offset": [202, 217]}, {"key": "payable-to", "type": "definition", "offset": [219, 229]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [363, 389]}, {"key": "commitment-amount", "type": "definition", "offset": [458, 475]}, {"key": "replaced-notes", "type": "clause", "offset": [540, 554]}, {"key": "the-borrowers", "type": "definition", "offset": [592, 605]}, {"key": "evidence-of", "type": "definition", "offset": [620, 631]}, {"key": "loss-or-destruction", "type": "clause", "offset": [636, 655]}], "size": 2, "samples": [{"hash": "dKnmXdPUJA2", "uri": "/contracts/dKnmXdPUJA2#substitute-notes", "label": "Credit Agreement (ICF International, Inc.)", "score": 37.2874743326, "published": true}, {"hash": "bFTm3dIiHSO", "uri": "/contracts/bFTm3dIiHSO#substitute-notes", "label": "Credit Agreement (ICF International, Inc.)", "score": 33.3531837463, "published": true}], "hash": "57cb449500a6b73a7f45740d8a226e00", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlzdWJzdGl0dXRlLW5vdGVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["lockbox", "Lockbox"], ["submission-to-jurisdiction-service-of-process-venue", "Submission to Jurisdiction; Service of Process; Venue"], ["fiscal-year-and-accounting-changes", "Fiscal Year and Accounting Changes"], ["remedies", "Remedies"]], "parents": [["assignments-and-participations", "Assignments and Participations"], ["miscellaneous", "Miscellaneous"], ["affirmative-covenants-of-the-borrowers", "AFFIRMATIVE COVENANTS OF THE BORROWERS"], ["recourse-nature-of-certain-indemnifications", "Recourse Nature of Certain Indemnifications"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"]], "size": 95, "title": "Substitute Notes", "id": "substitute-notes", "related": [["exchange-notes", "Exchange Notes", "Exchange Notes"], ["replacement-notes", "Replacement Notes", "Replacement Notes"], ["additional-notes-repurchases", "Additional Notes; Repurchases", "Additional Notes; Repurchases"], ["replaced-notes", "Replaced Notes", "Replaced Notes"], ["new-notes", "New Notes", "New Notes"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Substitute Notes clause allows for the replacement of original notes or debt instruments with new ones under specified conditions. Typically, this clause outlines the circumstances under which substitute notes may be issued, such as in the event of loss, destruction, or transfer, and may require the noteholder to provide evidence or indemnity before a replacement is granted. Its core practical function is to ensure continuity and security in financial transactions by providing a clear process for replacing lost or invalidated notes, thereby protecting both the issuer and the holder from potential disputes or losses."}, "json": true, "cursor": ""}}