{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "refer-to", "type": "definition", "offset": [6, 14]}, {"key": "each-person", "type": "clause", "offset": [15, 26]}, {"key": "the-borrower", "type": "definition", "offset": [38, 50]}, {"key": "the-term", "type": "clause", "offset": [145, 153]}, {"key": "any-person", "type": "clause", "offset": [184, 194]}], "snippet": "shall refer to each Person comprising the Borrower if there is more than one such Person, or the sole Borrower if there is only one such Person. The term \u201cany Borrower\u201d shall refer to any Person comprising the Borrower if there is more than one such Person, or the sole Borrower if there is only one such Person.", "samples": [{"hash": "kh0MtI6dfj", "uri": "/contracts/kh0MtI6dfj#each-borrower", "label": "Credit and Security Agreement (Ocular Therapeutix, Inc)", "score": 34.3470230103, "published": true}, {"hash": "9vQ0wKwtJwg", "uri": "/contracts/9vQ0wKwtJwg#each-borrower", "label": "Credit and Security Agreement (Ocular Therapeutix, Inc)", "score": 32.4223136902, "published": true}, {"hash": "8g0SBkJBNEs", "uri": "/contracts/8g0SBkJBNEs#each-borrower", "label": "Credit and Security Agreement", "score": 31.3408622742, "published": true}], "size": 28, "hash": "7a5674b1549a760d27a145dd0a4e4c21", "id": 1}, {"snippet_links": [{"key": "in-respect-of", "type": "clause", "offset": [39, 52]}, {"key": "each-loan", "type": "clause", "offset": [53, 62]}], "snippet": "has made at least two Monthly Payments in respect of each Loan.", "samples": [{"hash": "jDYSnKdtqXe", "uri": "/contracts/jDYSnKdtqXe#each-borrower", "label": "Mortgage Sale Agreement (Permanent Financing (No. 8) PLC)", "score": 18.0, "published": true}, {"hash": "hkSSIxGkalZ", "uri": "/contracts/hkSSIxGkalZ#each-borrower", "label": "Mortgage Sale Agreement (Permanent Mortgages Trustee LTD)", "score": 18.0, "published": true}, {"hash": "hj5ricLqdpO", "uri": "/contracts/hj5ricLqdpO#each-borrower", "label": "Mortgage Sale Agreement (Permanent Financing (No. 6) PLC)", "score": 18.0, "published": true}], "size": 12, "hash": "d64fcbce26aeedafdaba9081280bd14d", "id": 2}, {"snippet_links": [{"key": "a-reference-to", "type": "clause", "offset": [45, 59]}, {"key": "individual-person", "type": "clause", "offset": [65, 82]}, {"key": "the-borrowers", "type": "definition", "offset": [99, 112]}, {"key": "each-person", "type": "clause", "offset": [121, 132]}, {"key": "jointly-and-severally-liable", "type": "definition", "offset": [151, 179]}, {"key": "obligations-of-borrowers", "type": "clause", "offset": [195, 219]}, {"key": "the-credit-facilities", "type": "clause", "offset": [324, 345]}, {"key": "made-available", "type": "clause", "offset": [359, 373]}, {"key": "the-terms", "type": "definition", "offset": [377, 386]}, {"key": "the-persons", "type": "clause", "offset": [444, 455]}, {"key": "liability-of", "type": "clause", "offset": [509, 521]}, {"key": "the-collateral", "type": "clause", "offset": [575, 589]}, {"key": "the-benefit", "type": "clause", "offset": [670, 681]}, {"key": "reasonably-equivalent-value", "type": "definition", "offset": [758, 785]}, {"key": "credit-and-security-agreement", "type": "definition", "offset": [798, 827]}, {"key": "amount-of-the-credit", "type": "clause", "offset": [838, 858]}, {"key": "amount-of-collateral", "type": "clause", "offset": [912, 932]}, {"key": "individual-borrower", "type": "definition", "offset": [950, 969]}, {"key": "in-addition", "type": "clause", "offset": [971, 982]}, {"key": "other-terms", "type": "clause", "offset": [1160, 1171]}, {"key": "in-this-agreement", "type": "definition", "offset": [1182, 1199]}, {"key": "applicable-to", "type": "clause", "offset": [1209, 1222]}, {"key": "binding-upon", "type": "clause", "offset": [1236, 1248]}, {"key": "when-taken", "type": "clause", "offset": [1376, 1386]}, {"key": "by-way-of-illustration", "type": "clause", "offset": [1397, 1419]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [1425, 1473]}, {"key": "terms-of", "type": "clause", "offset": [1479, 1487]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [1632, 1648]}, {"key": "the-events", "type": "clause", "offset": [1686, 1696]}, {"key": "any-person", "type": "clause", "offset": [1747, 1757]}, {"key": "an-event-of-default", "type": "definition", "offset": [1812, 1831]}, {"key": "other-persons", "type": "definition", "offset": [1878, 1891]}], "snippet": "or similar references, shall be construed as a reference to each individual Person named as one of the Borrowers herein. Each Person so named shall be jointly and severally liable for all of the obligations of Borrowers under this Agreement. Each Borrower, individually, expressly understands, agrees and acknowledges, that the credit facilities would not be made available on the terms herein in the absence of the collective credit of all of the Persons named as the Borrowers herein, the joint and several liability of all such Persons, and the cross-collateralization of the collateral of all such Persons. Accordingly, each Borrower, individually acknowledges that the benefit to each of the Persons named as one of the Borrowers as a whole constitutes reasonably equivalent value, regardless Credit and Security Agreement 28 of the amount of the credit facilities actually borrowed by, advanced to, or the amount of collateral provided by, any individual Borrower. In addition, each entity named as one of the Borrowers herein hereby acknowledges and agrees that all of the representations, warranties, covenants, obligations, conditions, agreements and other terms contained in this Agreement shall be applicable to and shall be binding upon and measured and enforceable individually against each Person named as one of the Borrowers herein as well as all such Persons when taken together. By way of illustration, but without limiting the generality of the foregoing, the terms of Section 10.1 of this Agreement are to be applied to each individual Person named as one of the Borrowers herein (as well as to all such Persons taken as a whole), such that the occurrence of any of the events described in Section 10.1 of this Agreement as to any Person named as one of the Borrowers herein shall constitute an Event of Default even if such event has not occurred as to any other Persons named as the Borrowers or as to all such Persons taken as a whole.", "samples": [{"hash": "k6GpDpKnmyt", "uri": "/contracts/k6GpDpKnmyt#each-borrower", "label": "Credit and Security Agreement (Insulet Corp)", "score": 18.0, "published": true}], "size": 6, "hash": "99a2ff34e2d86d45cf113e021e146379", "id": 3}, {"snippet_links": [{"key": "full-power", "type": "clause", "offset": [4, 14]}, {"key": "authority-and", "type": "clause", "offset": [16, 29]}, {"key": "right-to-enter-into-this-agreement", "type": "clause", "offset": [36, 70]}, {"key": "other-documents", "type": "clause", "offset": [79, 94]}, {"key": "respective-obligations", "type": "clause", "offset": [118, 140]}, {"key": "valid-and-binding-obligation", "type": "clause", "offset": [228, 256]}, {"key": "in-accordance-with", "type": "definition", "offset": [308, 326]}, {"key": "similar-laws", "type": "definition", "offset": [441, 453]}, {"key": "rights-generally", "type": "clause", "offset": [475, 491]}, {"key": "the-execution", "type": "clause", "offset": [493, 506]}, {"key": "performance-of-this-agreement", "type": "clause", "offset": [521, 550]}, {"key": "company-powers", "type": "clause", "offset": [640, 654]}, {"key": "duly-authorized", "type": "clause", "offset": [666, 681]}, {"key": "contravention-of-law", "type": "clause", "offset": [694, 714]}, {"key": "terms-of", "type": "clause", "offset": [722, 730]}, {"key": "certificate-of-incorporation", "type": "definition", "offset": [756, 784]}, {"key": "other-applicable-documents", "type": "clause", "offset": [788, 814]}, {"key": "relating-to", "type": "definition", "offset": [815, 826]}, {"key": "conduct-of", "type": "clause", "offset": [863, 873]}, {"key": "agreement-or", "type": "definition", "offset": [918, 930]}, {"key": "a-party", "type": "clause", "offset": [969, 976]}, {"key": "the-provisions-of", "type": "clause", "offset": [1079, 1096]}, {"key": "default-under", "type": "clause", "offset": [1113, 1126]}, {"key": "the-creation-of-any", "type": "clause", "offset": [1140, 1159]}, {"key": "permitted-encumbrances", "type": "definition", "offset": [1172, 1194]}, {"key": "charter-document", "type": "clause", "offset": [1266, 1282]}], "snippet": "has full power, authority and legal right to enter into this Agreement and the Other Documents and to perform all its respective Obligations hereunder and thereunder. This Agreement and the Other Documents constitute the legal, valid and binding obligation of such Borrower enforceable against such Borrower in accordance with their terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors' rights generally. The execution, delivery and performance of this Agreement and of the Other Documents (a) are within such Borrower's corporate or limited liability company powers, have been duly authorized, are not in contravention of law or the terms of such Borrower's by-laws, certificate of incorporation or other applicable documents relating to such Borrower's formation or to the conduct of such Borrower's business or of any material agreement or undertaking to which such Borrower is a party or by which such Borrower is bound, and (b) will not conflict with nor result in any breach in any of the provisions of or constitute a default under or result in the creation of any Lien except Permitted Encumbrances upon any asset of such Borrower under the provisions of any agreement, charter document, instrument, by-law, or other instrument to which such Borrower is a party or by which it or its property may be bound.", "samples": [{"hash": "cIFaSMOuLer", "uri": "/contracts/cIFaSMOuLer#each-borrower", "label": "Revolving Credit and Security Agreement (Lesco Inc/Oh)", "score": 18.0, "published": true}], "size": 3, "hash": "41171d783c7bb5b5a148a86264f65bdd", "id": 4}, {"snippet_links": [{"key": "no-borrower", "type": "definition", "offset": [23, 34]}, {"key": "to-apply", "type": "clause", "offset": [52, 60]}, {"key": "the-borrowers", "type": "definition", "offset": [80, 93]}], "snippet": "or \u201csuch Borrower\u201d or \u201cno Borrower\u201d shall be deemed to apply equally to each of the Borrowers.", "samples": [{"hash": "4wdTWiTG6BX", "uri": "/contracts/4wdTWiTG6BX#each-borrower", "label": "Credit Agreement (Schawk Inc)", "score": 23.0835037231, "published": true}, {"hash": "3YEtdDTc2IU", "uri": "/contracts/3YEtdDTc2IU#each-borrower", "label": "Credit Agreement (Schawk Inc)", "score": 21.0355911255, "published": true}], "size": 2, "hash": "79bcab12ccf3927dfb00455c9df6f52b", "id": 5}, {"snippet_links": [{"key": "in-a-timely-manner", "type": "definition", "offset": [34, 52]}, {"key": "tax-returns", "type": "definition", "offset": [57, 68]}, {"key": "all-information", "type": "clause", "offset": [133, 148]}, {"key": "complete-and-accurate", "type": "clause", "offset": [198, 219]}, {"key": "in-all-material-respects", "type": "definition", "offset": [220, 244]}, {"key": "due-and-payable", "type": "definition", "offset": [300, 315]}, {"key": "received-by", "type": "definition", "offset": [361, 372]}, {"key": "contested-in-good-faith", "type": "definition", "offset": [422, 445]}, {"key": "appropriate-proceedings", "type": "definition", "offset": [449, 472]}, {"key": "diligently-pursued", "type": "definition", "offset": [473, 491]}, {"key": "available-to", "type": "definition", "offset": [496, 508]}, {"key": "with-respect-to", "type": "clause", "offset": [527, 542]}, {"key": "adequate-reserves", "type": "definition", "offset": [549, 566]}, {"key": "set-aside", "type": "clause", "offset": [577, 586]}, {"key": "payment-of", "type": "clause", "offset": [642, 652]}, {"key": "all-accrued", "type": "clause", "offset": [653, 664]}, {"key": "other-taxes", "type": "clause", "offset": [719, 730]}], "snippet": "has filed, or caused to be filed, in a timely manner all tax returns, reports and declarations which are required to be filed by it. All information in such tax returns, reports and declarations is complete and accurate in all material respects. Each Borrower has paid or caused to be paid all taxes due and payable or claimed due and payable in any assessment received by it, except taxes the validity of which are being contested in good faith by appropriate proceedings diligently pursued and available to such Borrower and with respect to which adequate reserves have been set aside on its books. Adequate provision has been made for the payment of all accrued and unpaid Federal, State, county, local, foreign and other taxes whether or not yet due and payable and whether or not disputed.", "samples": [{"hash": "dOzjwh75GDu", "uri": "/contracts/dOzjwh75GDu#each-borrower", "label": "Loan and Security Agreement (Fansteel Inc)", "score": 19.0, "published": true}, {"hash": "jczT7sI7df", "uri": "/contracts/jczT7sI7df#each-borrower", "label": "Loan and Security Agreement (Sed International Holdings Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "dc10a7037dee4209f4ca7bded865531a", "id": 6}, {"snippet_links": [{"key": "section-10", "type": "definition", "offset": [25, 35]}, {"key": "full-force-and-effect", "type": "clause", "offset": [52, 73]}, {"key": "the-commitments", "type": "clause", "offset": [80, 95]}, {"key": "principal-of", "type": "definition", "offset": [126, 138]}, {"key": "interest-on-the-notes", "type": "clause", "offset": [143, 164]}, {"key": "other-amounts-payable", "type": "clause", "offset": [173, 194]}, {"key": "the-borrowers", "type": "definition", "offset": [198, 211]}, {"key": "this-agreement", "type": "clause", "offset": [218, 232]}, {"key": "other-loan-documents", "type": "definition", "offset": [249, 269]}, {"key": "paid-in-full-in-cash", "type": "definition", "offset": [311, 331]}, {"key": "at-any-time", "type": "clause", "offset": [336, 347]}, {"key": "payment-of-the-principal", "type": "clause", "offset": [352, 376]}, {"key": "interest-on-any", "type": "clause", "offset": [383, 398]}, {"key": "amount-payable", "type": "clause", "offset": [417, 431]}, {"key": "agreement-or", "type": "definition", "offset": [459, 471]}, {"key": "bankruptcy-or-reorganization", "type": "clause", "offset": [572, 600]}, {"key": "with-respect-to", "type": "clause", "offset": [687, 702]}], "snippet": "s obligations under this Section 10 shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes and all other amounts payable by the Borrowers under this Agreement and each of the other Loan Documents shall have been finally and indefeasibly paid in full in cash. If at any time any payment of the principal of or interest on any Note or any other amount payable by any Borrower under this Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any Borrower or any Subsidiary or otherwise, each Borrower's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.", "samples": [{"hash": "h993iZRfyiF", "uri": "/contracts/h993iZRfyiF#each-borrower", "label": "Credit Agreement (Baldwin Technology Co Inc)", "score": 18.0, "published": true}, {"hash": "bizhYlww0iM", "uri": "/contracts/bizhYlww0iM#each-borrower", "label": "Credit Agreement (Baldwin Technology Co Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "477d3aae919d6af52de640edf31775f5", "id": 7}, {"snippet_links": [{"key": "a-reference-to", "type": "clause", "offset": [64, 78]}, {"key": "dental-service", "type": "clause", "offset": [79, 93]}], "snippet": "a Borrower\" or any similar such reference shall be deemed to be a reference to Dental Service.\"", "samples": [{"hash": "hfmMX6cUto1", "uri": "/contracts/hfmMX6cUto1#each-borrower", "label": "Credit Agreement (Interdent Inc)", "score": 18.0, "published": true}, {"hash": "f1mRDIPBOXb", "uri": "/contracts/f1mRDIPBOXb#each-borrower", "label": "Credit Agreement (Interdent Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "94fbe8f689e720aea0bf0fdaf066ceed", "id": 8}, {"snippet_links": [{"key": "the-co", "type": "clause", "offset": [80, 86]}, {"key": "no-borrower", "type": "definition", "offset": [102, 113]}, {"key": "neither-the-borrower", "type": "definition", "offset": [155, 175]}], "snippet": "\u201ceither Borrower\u201d and similar indefinite references mean either the Borrower or the Co-Borrower (and \u201cno Borrower\u201d and similar indefinite references means neither the Borrower nor the Co-Borrower).", "samples": [{"hash": "dzgbwYlhc8d", "uri": "/contracts/dzgbwYlhc8d#each-borrower", "label": "Credit Agreement (Allegion PLC)", "score": 26.7440109253, "published": true}, {"hash": "lkC0s2IpF2g", "uri": "/contracts/lkC0s2IpF2g#each-borrower", "label": "Credit Agreement (Allegion PLC)", "score": 25.7885017395, "published": true}], "size": 2, "hash": "5d0527d3261f31fd15451ed1cc4cfb93", "id": 9}, {"snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [5, 18]}, {"key": "the-phrase", "type": "definition", "offset": [43, 53]}], "snippet": "and \u201cthe Borrowers\u201d appearing therein with the phrase \u201cthe Borrower\u201d.", "samples": [{"hash": "lqXJEpRoS8J", "uri": "/contracts/lqXJEpRoS8J#each-borrower", "label": "Second Lien Omnibus Amendment, Reaffirmation Agreement, and Joinder (Turning Point Brands, Inc.)", "score": 29.1806983948, "published": true}, {"hash": "4t8TTHs3uXF", "uri": "/contracts/4t8TTHs3uXF#each-borrower", "label": "Omnibus Amendment, Reaffirmation Agreement, and Joinder (Turning Point Brands, Inc.)", "score": 29.1806983948, "published": true}], "size": 2, "hash": "4069e83d0c5176346e1c8d197e3f2995", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIWZWFjaC1ib3Jyb3dlciMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "shall refer to each Person comprising the Borrower if there is more than one such Person, or the sole Borrower if there is only one such Person. The term \u201cany Borrower\u201d shall refer to any Person comprising the Borrower if there is more than one such Person, or the sole Borrower if there is only one such Person.", "size": 115, "title": "each Borrower", "id": "each-borrower", "examples": ["Upon request, <strong>each Borrower</strong> (at its expense) shall execute and deliver a Note to the assignee Lender.", "Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by <strong>each Borrower</strong> acting singly, shall be valid and effective if given or taken only by the Company, whether or not any such other Borrower joins therein.", "<strong>Each Borrower</strong> expects to derive benefit, directly or indirectly, from the handling of the Loan Account and the Collateral in a combined fashion since the successful operation of <strong>each Borrower</strong> is dependent on the continued successful performance of the integrated group.", "Any notice provided to the Borrower Representative hereunder shall constitute notice to <strong>each Borrower</strong> on the date received by the Borrower Representative.", "<strong>Each Borrower</strong> hereunder shall be jointly and severally obligated to repay all Credit Extensions made hereunder, regardless of which Borrower actually receives said Credit Extension, as if <strong>each Borrower</strong> hereunder directly received all Credit Extensions.", "Each Lender hereby notifies <strong>each Borrower</strong> that pursuant to the requirements of the USA Patriot Act (Title III of Pub.", "Subject to subsection (e) of this Section, <strong>each Borrower</strong> agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section.", "Borrowers\u2019 business is a mutual and collective enterprise, and the successful operation of <strong>each Borrower</strong> is dependent upon the successful performance of the integrated group.", "Borrowers believe that consolidation of their credit facility will enhance the borrowing power of <strong>each Borrower</strong> and ease administration of the facility, all to their mutual advantage.", "Consequently, <strong>each Borrower</strong> hereby assumes and agrees to discharge all Obligations of each of the other Borrowers."], "related": [["dutch-borrower", "Dutch Borrower", "Dutch Borrower"], ["base-jurisdiction", "Base jurisdiction", "Base jurisdiction"], ["non-cooperative-jurisdiction", "Non-Cooperative Jurisdiction", "Non-Cooperative Jurisdiction"], ["additional-credit-party", "Additional Credit Party", "Additional Credit Party"], ["co-borrower", "Co-Borrower", "Co-Borrower"]], "related_snippets": [], "updated": "2026-04-08T06:04:56+00:00"}, "json": true, "cursor": ""}}