{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "an-event-of-default", "type": "definition", "offset": [0, 19]}, {"key": "leased-properties", "type": "clause", "offset": [64, 81]}, {"key": "the-facilities", "type": "clause", "offset": [89, 103]}, {"key": "for-example", "type": "clause", "offset": [131, 142]}, {"key": "without-limitation", "type": "clause", "offset": [152, 170]}, {"key": "failure-to-maintain-or-repair", "type": "clause", "offset": [207, 236]}, {"key": "to-operate", "type": "definition", "offset": [241, 251]}, {"key": "primary-intended-use", "type": "definition", "offset": [260, 280]}, {"key": "required-authorizations", "type": "clause", "offset": [301, 324]}, {"key": "breach-of-section", "type": "clause", "offset": [574, 591]}], "snippet": "An Event of Default that relates directly to one or more of the Leased Properties and/or the Facilities operated thereon (such as, for example only and without limitation, an Event of Default arising from a failure to maintain or repair, or to operate for the Primary Intended Use, or to maintain the required Authorizations for, one or more of the Facilities), as opposed to an Event of Default that, by its nature, does not relate directly to any of the Leased Properties or Facilities (such as, for example only and without limitation, an Event of Default arising from a breach of Section 3.1(a)).", "samples": [{"hash": "bTESjuWrREk", "uri": "/contracts/bTESjuWrREk#facility-default", "label": "Master Lease Agreement (Kindred Healthcare, Inc)", "score": 27.8692684174, "published": true}, {"hash": "29TYWRzjGme", "uri": "/contracts/29TYWRzjGme#facility-default", "label": "Master Lease Agreement (Kindred Healthcare, Inc)", "score": 24.7535934448, "published": true}, {"hash": "hMQ9ZIkXsiZ", "uri": "/contracts/hMQ9ZIkXsiZ#facility-default", "label": "Master Lease Agreement (Kindred Healthcare, Inc)", "score": 23.4065704346, "published": true}], "size": 22, "hash": "87b523371e75a047d3175f8261ca9872", "id": 1}, {"snippet_links": [{"key": "giving-of-notice", "type": "clause", "offset": [32, 48]}, {"key": "passage-of-time", "type": "clause", "offset": [54, 69]}, {"key": "facility-event-of-default", "type": "definition", "offset": [99, 124]}], "snippet": "means any event which, with the giving of notice, the passage of time, or both, would constitute a Facility Event of Default.", "samples": [{"hash": "4GqsvbDTcJ9", "uri": "/contracts/4GqsvbDTcJ9#facility-default", "label": "Master Repurchase Agreement (Claros Mortgage Trust, Inc.)", "score": 32.7672843933, "published": true}, {"hash": "edzYeqcgeIm", "uri": "/contracts/edzYeqcgeIm#facility-default", "label": "Master Repurchase Agreement (Claros Mortgage Trust, Inc.)", "score": 31.7132110596, "published": true}, {"hash": "c4I9rmVqkAH", "uri": "/contracts/c4I9rmVqkAH#facility-default", "label": "Master Repurchase Agreement", "score": 31.3408622742, "published": true}], "size": 16, "hash": "461ff950a4695d865b97a9a2977624c3", "id": 2}, {"snippet_links": [{"key": "with-notice", "type": "clause", "offset": [26, 37]}, {"key": "passage-of-time", "type": "clause", "offset": [45, 60]}, {"key": "facility-event-of-default", "type": "definition", "offset": [84, 109]}], "snippet": "means any occurrence that with notice or the passage of time or both would become a Facility Event of Default.", "samples": [{"hash": "aetbCXQtcr", "uri": "/contracts/aetbCXQtcr#facility-default", "label": "Credit and Security Agreement (CAB East LLC)", "score": 36.3702926636, "published": true}, {"hash": "1trYAMI2SkF", "uri": "/contracts/1trYAMI2SkF#facility-default", "label": "Credit and Security Agreement (CAB East LLC)", "score": 34.508556366, "published": true}, {"hash": "c9dpdCiHTWb", "uri": "/contracts/c9dpdCiHTWb#facility-default", "label": "Credit and Security Agreement (CAB East LLC)", "score": 33.4325790405, "published": true}], "size": 10, "hash": "50dc0254641df0aca02e2cebae28a3ce", "id": 3}, {"snippet_links": [{"key": "an-event-of-default", "type": "definition", "offset": [6, 25]}, {"key": "the-facilities", "type": "clause", "offset": [66, 80]}, {"key": "for-example", "type": "clause", "offset": [91, 102]}, {"key": "without-limitation", "type": "clause", "offset": [112, 130]}, {"key": "failure-to-maintain-or-repair", "type": "clause", "offset": [167, 196]}, {"key": "to-operate", "type": "definition", "offset": [201, 211]}, {"key": "primary-intended-use", "type": "definition", "offset": [220, 240]}, {"key": "required-authorizations", "type": "clause", "offset": [261, 284]}], "snippet": "means an Event of Default that relates directly to one or more of the Facilities (such as, for example only and without limitation, an Event of Default arising from a failure to maintain or repair, or to operate for the Primary Intended Use, or to maintain the required Authorizations for, one or more of the Facilities), as opposed to an Event of Default that, by its nature, does not relate directly to any of the Facilities.", "samples": [{"hash": "ehaRIYOYsL6", "uri": "/contracts/ehaRIYOYsL6#facility-default", "label": "Master Lease (Ensign Group, Inc)", "score": 30.7467479706, "published": true}, {"hash": "7M6RPwdF9oB", "uri": "/contracts/7M6RPwdF9oB#facility-default", "label": "Master Lease (Assisted 4 Living, Inc.)", "score": 30.4551677704, "published": true}, {"hash": "k74ilFZJGuy", "uri": "/contracts/k74ilFZJGuy#facility-default", "label": "Master Lease (Pennant Group, Inc.)", "score": 28.6290206909, "published": true}], "size": 7, "hash": "f502e16e857bcb2f6a136d572f37fd77", "id": 4}, {"snippet_links": [{"key": "an-event-of-bankruptcy", "type": "clause", "offset": [17, 39]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [40, 68]}, {"key": "termination-pursuant-to-section", "type": "clause", "offset": [104, 135]}, {"key": "servicing-agreement", "type": "definition", "offset": [161, 180]}, {"key": "facility-servicer-event-of-default", "type": "definition", "offset": [193, 227]}, {"key": "in-the-case", "type": "clause", "offset": [237, 248]}, {"key": "this-clause", "type": "clause", "offset": [252, 263]}], "snippet": "means either (1) an Event of Bankruptcy with respect to the Borrower or (2) the delivery of a notice of termination pursuant to Section 8.1(c) of the Closed-End Servicing Agreement following a Facility Servicer Event of Default (unless, in the case of this clause (2), a successor Closed-End Servicer has accepted its appointment on or before the date specified in such notice of termination pursuant to Section 8.4(c) of the Closed-End Servicing Agreement) will constitute a \u201cFacility Default.\u201d", "samples": [{"hash": "ZIrN6RXJbz", "uri": "/contracts/ZIrN6RXJbz#facility-default", "label": "Collateral Agency Agreement (World Omni LT)", "score": 36.5783709788, "published": true}, {"hash": "b7FHgXdTigK", "uri": "/contracts/b7FHgXdTigK#facility-default", "label": "Collateral Agency Agreement (World Omni LT)", "score": 33.3394927979, "published": true}, {"hash": "4RzlOqcEPjU", "uri": "/contracts/4RzlOqcEPjU#facility-default", "label": "Collateral Agency Agreement (World Omni LT)", "score": 30.3908290863, "published": true}], "size": 6, "hash": "b09e8781e5266eb74f4b975f8478f8f0", "id": 5}, {"snippet_links": [{"key": "section-601a", "type": "clause", "offset": [29, 43]}, {"key": "basic-collateral-agency-agreement", "type": "definition", "offset": [52, 85]}], "snippet": "has the meaning specified in Section 6.01(a) of the Basic Collateral Agency Agreement.", "samples": [{"hash": "eNryhXngMuD", "uri": "/contracts/eNryhXngMuD#facility-default", "label": "Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A)", "score": 34.4072570801, "published": true}, {"hash": "2Fve7JdSZNw", "uri": "/contracts/2Fve7JdSZNw#facility-default", "label": "Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A)", "score": 34.3661880493, "published": true}, {"hash": "6JjIZVH75JJ", "uri": "/contracts/6JjIZVH75JJ#facility-default", "label": "Collateral Agency Agreement (Daimler Trust)", "score": 23.1273097992, "published": true}], "size": 4, "hash": "aea0ff2b0cca2ba28195cbcb0d5b3bfc", "id": 6}, {"snippet_links": [{"key": "credit-and-security-agreement", "type": "clause", "offset": [49, 78]}], "snippet": "has the meaning specified in Section 6.01 of the Credit and Security Agreement.", "samples": [{"hash": "arOYx9OOIM8", "uri": "/contracts/arOYx9OOIM8#facility-default", "label": "Servicing Agreement (CAB West LLC)", "score": 22.434633255, "published": true}, {"hash": "26vquCpQ31o", "uri": "/contracts/26vquCpQ31o#facility-default", "label": "Credit and Security Agreement (CAB West LLC)", "score": 22.434633255, "published": true}], "size": 2, "hash": "f3e5dd657aa6f6c53699dc7ac55bc861", "id": 7}, {"snippet_links": [{"key": "paragraph-1", "type": "clause", "offset": [31, 42]}, {"key": "part-b", "type": "definition", "offset": [46, 52]}, {"key": "schedule-8", "type": "definition", "offset": [86, 96]}], "snippet": "has the meaning given to it in Paragraph 1 of Part B (Approved Default Variations) of Schedule 8 (Variations);", "samples": [{"hash": "bddX0kM2cSz", "uri": "/contracts/bddX0kM2cSz#facility-default", "label": "Master Availability and Reliability Agreement", "score": 25.6672115326, "published": true}, {"hash": "9AoHvyDCTrb", "uri": "/contracts/9AoHvyDCTrb#facility-default", "label": "Master Availability and Reliability Agreement", "score": 23.6672115326, "published": true}], "size": 2, "hash": "d84776395eeb90192a358cc42dcd36b0", "id": 8}, {"snippet_links": [{"key": "giving-of-notice", "type": "clause", "offset": [32, 48]}, {"key": "passage-of-time", "type": "clause", "offset": [54, 69]}, {"key": "event-of", "type": "definition", "offset": [108, 116]}], "snippet": "means any event which, with the giving of notice, the passage of time, or both, would constitute a Facility Event of", "samples": [{"hash": "xeubSs9OB5", "uri": "https://ir.clncredit.com/static-files/8aae5ae7-2282-4452-a6f8-2927ee344504", "label": "ir.clncredit.com", "score": 9.9938402176, "published": false}], "size": 1, "hash": "4f825a573afba991587f0ecac2856827", "id": 9}, {"snippet_links": [{"key": "the-events", "type": "clause", "offset": [13, 23]}, {"key": "section-92", "type": "clause", "offset": [37, 48]}, {"key": "facility-event-of-default", "type": "definition", "offset": [69, 94]}, {"key": "giving-of-notice", "type": "clause", "offset": [114, 130]}, {"key": "lapse-of-time", "type": "clause", "offset": [136, 149]}, {"key": "pursuant-to-section", "type": "clause", "offset": [159, 178]}], "snippet": "means any of the events specified in Section 9.2 which constitutes a Facility Event of Default or which, upon the giving of notice, the lapse of time, or both pursuant to Section 9.2, would, unless cured or waived, constitute a Facility Event of Default.", "samples": [{"hash": "4i77ilxiWUe", "uri": "/contracts/4i77ilxiWUe#facility-default", "label": "Construction Loan Agreement (Fuelcell Energy Inc)", "score": 29.9828891754, "published": true}], "size": 1, "hash": "e7f9a99985d1b6ac68af5f14e932212e", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZZmFjaWxpdHktZGVmYXVsdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Facility Default", "snippet": "An Event of Default that relates directly to one or more of the Leased Properties and/or the Facilities operated thereon (such as, for example only and without limitation, an Event of Default arising from a failure to maintain or repair, or to operate for the Primary Intended Use, or to maintain the required Authorizations for, one or more of the Facilities), as opposed to an Event of Default that, by its nature, does not relate directly to any of the Leased Properties or Facilities (such as, for example only and without limitation, an Event of Default arising from a breach of Section 3.1(a)).", "size": 75, "id": "facility-default", "examples": ["When the Administrative Agent or the Collateral Agent incurs expenses after the occurrence of a Lending <strong>Facility Default</strong> or an Exchange Note Default the expenses are intended to constitute expenses of administration under the Bankruptcy Code or any other applicable federal or State bankruptcy, insolvency or similar law.", "Any expenses incurred by the Collateral Agent after the occurrence of a Lending <strong>Facility Default</strong> or an Exchange Note Default are intended to constitute expenses of administration under the Bankruptcy Code or any other applicable federal or State bankruptcy, insolvency or similar law.", "No delay or omission of the Lender or any Exchange Noteholder of any Exchange Note to exercise any right or remedy accruing upon any Lending <strong>Facility Default</strong> or Exchange Note Default shall impair any such right or remedy or constitute a waiver of any such Lending <strong>Facility Default</strong> or Exchange Note Default or an acquiescence therein.", "Funding 1 shall notify the Funding 1 Liquidity Facility Provider of any Funding 1 Liquidity <strong>Facility Default</strong> (and the steps, if any, being taken to remedy it) promptly upon its occurrence.", "In the event Lessor sends Tenant a Section 40.3 Notice and, as a result thereof, Tenant operates a Facility beyond the expiration date applicable thereto, any <strong>Facility Default</strong> that occurs with respect to such Facility and Leased Property during the Reimbursement Period shall in no event give rise to any right in favor of Lessor to exercise any rights or remedies under ARTICLE XVI hereof with respect to any other Facility or Leased Property.", "If this Lease is terminated pursuant to Section 16.1, whether in whole or, in the case of any <strong>Facility Default</strong>, in part, Tenant waives, to the maximum extent permitted by applicable law, (a) any right of redemption, re-entry or repossession, (b) any right to a trial by jury in the event of summary proceedings to enforce the remedies set forth in this ARTICLE XVI, and (c) the benefit of any moratorium laws or any laws now or hereafter in force exempting property from liability for rent or for debt.", "Each of the events set out in CLAUSES 16.2 (Non-Payment) to 16.4 (Unlawfulness) (inclusive) is a Funding 1 Liquidity <strong>Facility Default</strong> (whether or not caused by any reason whatsoever outside the control of Funding 1 or any other person).", "No Liquidity <strong>Facility Default</strong> is outstanding or might result from the making of any Funding 1 Liquidity Facility Loan.", "No waiver will extend to any other <strong>Facility Default</strong>, Facility Event of Default, Exchange Note Default or Exchange Note Event of Default or impair any right relating to any other <strong>Facility Default</strong>, Facility Event of Default, Exchange Note Default or Exchange Note Event of Default.", "If no <strong>Facility Default</strong> or Facility Event of Default has occurred and is continuing, the Servicer may instruct the Collateral Agent to invest any funds in the Revolving Facility Collection Account, and, if investment instructions are received, the Administrative Agent will invest the funds in the Revolving Facility Collection Account in those investments."], "related": [["authority-default", "Authority Default", "Authority Default"], ["swap-default", "Swap Default", "Swap Default"], ["bankruptcy-default", "Bankruptcy Default", "Bankruptcy Default"], ["bank-default", "Bank Default", "Bank Default"], ["monetary-default", "Monetary Default", "Monetary Default"]], "related_snippets": [], "updated": "2025-08-02T05:42:56+00:00"}, "json": true, "cursor": ""}}