{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "the-borrowing", "type": "clause", "offset": [6, 19]}, {"key": "by-the-borrower", "type": "clause", "offset": [20, 35]}, {"key": "the-commitment", "type": "definition", "offset": [49, 63]}, {"key": "this-agreement", "type": "clause", "offset": [70, 84]}, {"key": "the-relevant", "type": "clause", "offset": [112, 124]}, {"key": "maximum-advance-amount", "type": "definition", "offset": [125, 147]}, {"key": "the-context", "type": "clause", "offset": [155, 166]}, {"key": "principal-amount-outstanding", "type": "clause", "offset": [184, 212]}, {"key": "relevant-time", "type": "clause", "offset": [236, 249]}], "size": 7, "snippet": "means the borrowing by the Borrower of a part of the Commitment under this Agreement in an amount not exceeding the relevant Maximum Advance Amount or, as the context may require, the principal amount outstanding of that Advance at any relevant time.", "samples": [{"hash": "aFkJBwO82ph", 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"loan-agreement", "type": "clause", "offset": [133, 147]}], "size": 3, "snippet": "means the amount of USD 15,245,000 to be made available to Aramis to enable Aramis to repay all amounts outstanding under the Aramis Loan Agreement;", "samples": [{"hash": "6AclH62yrmu", "uri": "/contracts/6AclH62yrmu#advance-a", "label": "Facility Agreement (Navios Maritime Holdings Inc.)", "score": 27.9664611816, "published": true}, {"hash": "mX3tt7NqBs", "uri": "http://archive.fast-edgar.com//20181220/AJ2ZRQ2FZZ2RIZZ222J32ZXSS8KNZZ22X8A2/", "label": "Facility Agreement", "score": 14.1704311371, "published": false}, {"hash": "27ArCskgq5f", "uri": "https://ir.navios.com/static-files/3bd6c778-9d46-47af-b0e4-9e8e2d7835b1", "label": "ir.navios.com", "score": 9.96235466, "published": false}], "hash": "69375dabd10394c8f52c5169b2e48dc2", "id": 5}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}, {"key": "lesser-of", "type": "definition", "offset": [29, 38]}, {"key": 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or in part as one or more LIBOR Advances, (B) is to be Converted in whole or in part to a Base Rate Advance, or (C) is to be repaid.", "Each Advance shall be made by Lender to Borrower subject to the limitations contained in this Agreement; provided, that the Lender shall have no obligation to make any Advance (A) that exceeds its Net Income for the then-current calendar month or (B) if there is an Event of Default or a Default (as defined below).", "At least three (3) Business Days prior to the Payment Date for each LIBOR Advance, the Borrower shall give the Administrative Agent telephonic notice followed by written notice specifying whether all or a portion of such LIBOR Advance (A) is to be repaid and then reborrowed in whole or in part as one or more LIBOR Advances, (B) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, or (C) is to be repaid and not reborrowed.", "At least three (3) Business Days prior to the Payment Date for each Eurodollar Advance, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of such Eurodollar Advance (A) is to be repaid and then reborrowed in whole or in part as one or more Eurodollar Advances, (B) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, or (C) is to be repaid and not reborrowed.", "Under no circumstances shall any Lender make an Advance if, after giving effect to such Advance, (A) the aggregate Capital outstanding hereunder would exceed the lesser of (i) the Facility Limit and (ii) the Borrowing Base or (B) with respect to each Purchaser Group, the aggregate Capital funded or maintained by the Lenders in such Purchaser Group would exceed its Purchaser Group Facility Limit.", "Under no circumstances shall any Lender make an Advance if, after giving effect to such Advance, (A) the aggregate Capital outstanding hereunder would exceed the lesser of (i) the Facility Limit and (ii) the Borrowing Base or (B) with respect to each Lender, the aggregate Capital funded or maintained by such Lender would exceed its pro rata portion of the aggregate Capital outstanding.", "Advance: A disbursement by Lender, whether by journal entry, deposit to Borrower's account, check to third party or otherwise of any of the proceeds of the Loan, any insurance proceeds or Borrower's Deposit.", "For each Advance: (A) the amount of the Advance set forth in such Advance Notice shall automatically be reduced by 20% for each Trading Day during the Pricing Period for which the VWAP of the Common Stock is below the MAP in effect with respect to such Advance Notice (if applicable), or for which there is no VWAP (each such day, an \u201cExcluded Day\u201d), and (B) for the avoidance of doubt, each Excluded Day shall be excluded from the Pricing Period for purposes of determining the Market Price.", "Subject to Section 2.1 hereof, at least three (3) Business Days prior to the Payment Date for each LIBOR Advance, the Borrower shall give the Administrative Agent telephonic notice followed immediately by a Request for Advance specifying whether all or a portion of such LIBOR Advance (A) is to be Continued in whole or in part as one or more LIBOR Advances, (B) is to be Converted in whole or in part to a Base Rate Advance, or (C) is to be repaid and not Continued or Converted.", "At least three (3) Business Days prior to the Payment Date for each LIBOR Advance, the applicable Borrower shall give the Administrative Agent telephonic notice followed by written notice specifying whether all or a portion of such LIBOR Advance (A) is to be Continued in whole or in part as one or more LIBOR Advances, (B) is to be Converted in whole or in part to a Base Rate Advance, or (C) is to be repaid."], "related": [["advance-amount", "Advance Amount", "Advance Amount"], ["advance-payment", "Advance Payment", "Advance Payment"], ["advance-payments", "Advance Payments", "Advance Payments"], ["gross-advance-amount", "Gross advance amount", 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