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[283, 296]}, {"key": "in-the-case", "type": "clause", "offset": [334, 345]}, {"key": "fiscal-year", "type": "definition", "offset": [380, 391]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [432, 470]}], "size": 1, "snippet": "means that as of the last day of any fiscal quarter of Parent, Parent and its consolidated subsidiaries have less than $70,000,000 of cash and cash equivalents (including, without limitation, Permitted Investments described in clauses (b) \u2013 (g) of Section 5.6) as listed on Parent\u2019s balance sheet as included within Parent\u2019s 10-Q (or in the case of the last fiscal quarter of any fiscal year of Parent, Parent\u2019s 10-K) as filed with the Securities and Exchange Commission;\u201d", "hash": "32a314ea3cd5d06de6acf3771e444eea", "id": 8}, {"samples": [{"hash": "kuuC4Cgxtuy", "uri": "/contracts/kuuC4Cgxtuy#springing-event", "label": "Credit Agreement (Zumiez Inc)", "score": 30.794661191, "published": true}], "snippet_links": [{"key": "section-52", "type": "clause", "offset": [13, 24]}, {"key": "amended-and-restated", "type": "definition", "offset": [35, 55]}, {"key": "day-of", "type": "clause", "offset": [139, 145]}, {"key": "fiscal-quarter", "type": "definition", "offset": [150, 164]}, {"key": "consolidated-subsidiaries", "type": "definition", "offset": [191, 216]}, {"key": "cash-and-cash-equivalents", "type": "clause", "offset": [247, 272]}, {"key": "without-limitation", "type": "clause", "offset": [285, 303]}, {"key": "permitted-investments", "type": "clause", "offset": [305, 326]}, {"key": "in-clauses", "type": "clause", "offset": [337, 347]}, {"key": "section-56", "type": "clause", "offset": [361, 372]}, {"key": "balance-sheet", "type": "clause", "offset": [396, 409]}, {"key": "in-the-case", "type": "clause", "offset": [447, 458]}, {"key": "fiscal-year", "type": "definition", "offset": [493, 504]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [545, 583]}], "size": 1, "snippet": "set forth in Section 5.2 is hereby amended and restated in its entirety to read as following: \u201c\u2018Springing Event\u2019 means that as of the last day of any fiscal quarter of Parent, Parent and its consolidated subsidiaries have less than $70,000,000 of cash and cash equivalents (including, without limitation, Permitted Investments described in clauses (b) \u2013 (g) of Section 5.6) as listed on Parent\u2019s balance sheet as included within Parent\u2019s 10-Q (or in the case of the last fiscal quarter of any fiscal year of Parent, Parent\u2019s 10-K) as filed with the Securities and Exchange Commission;\u201d", "hash": "dd0505dfc3eff2307f67ba1b993d2c21", "id": 9}, {"samples": [{"hash": "hxlSXwgfZez", "uri": "/contracts/hxlSXwgfZez#springing-event", "label": "Intercreditor and Subordination Agreement (Sandridge Energy Inc)", "score": 27.765229295, "published": true}], "snippet_links": [{"key": "subordinated-lien", "type": "clause", "offset": [24, 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or lenders) that the Specified Litigation Event has occurred, the Springing Event shall be deemed to have occurred.", "hash": "454176dc1d707b5869a013ff59d8c353", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYc3ByaW5naW5nLWV2ZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 21, "snippet": "means that as of the last day of any fiscal quarter of Parent, Parent and its consolidated subsidiaries have less than $70,000,000 of cash and cash equivalents (including, without limitation, Permitted Investments described in clauses (b) \u2013 (f) of Section 5.6) as listed on Parent\u2019s balance sheet as included within Parent\u2019s 10-Q (or, in the case of the last fiscal quarter of any fiscal year of Parent, Parent\u2019s 10-K) as filed with the Securities and Exchange Commission;", "title": "Springing Event", "id": "springing-event", "examples": ["The <strong>Springing Event</strong> Notice shall (i) provide reasonable background on the facts and circumstances of the Specified Litigation Event, (ii) inform the Holders that the <strong>Springing Event</strong> has occurred and (iii) request that each of the Holders notify the Company of the number of shares of Common Stock held by such Holders or their Affiliates.", "For the avoidance of doubt, if any amount becomes due in connection with any acceleration of Notes pursuant to Section 6.02 or repayment or prepayment of Notes after the occurrence of a <strong>Springing Event</strong>, the Springing Lien Amount shall be increased to include the Make-Whole Amount and the Company shall take, or cause to be taken, all appropriate actions required pursuant to Section 4.09.", "Within five Business Days of the <strong>Springing Event</strong>, the Company shall, or cause the Trustee (upon written request to the Trustee made at least two Business Days (unless a shorter period shall be agreed to by the Trustee) prior to the date on which notice is to be delivered) to, deliver a written notice (the \u201c<strong>Springing Event</strong> Notice\u201d) of the <strong>Springing Event</strong> to all Holders of outstanding Notes.", "Prior to the occurrence of a <strong>Springing Event</strong>, the Collateral Trustee shall be entitled to foreclose on the Collateral Account and the Trust Estate at the direction of the Trustee, notwithstanding the fact that the Parity Lien Security Documents may not yet have been executed.", "Furthermore, the parties to this Agreement agree that the Collateral Trustee shall enter into any other amendments that are necessary to reflect the occurrence of the <strong>Springing Event</strong> in accordance with the terms of the Indenture and the Notes Security Documents.", "The Company and the Guarantors intend to secure their Obligations under the Indenture upon the occurrence of a <strong>Springing Event</strong> (as defined in the Indenture), any future Parity Lien Debt and any other Parity Lien Obligations, with Liens on all present and future Collateral to the extent that such Liens have been provided for in the applicable Parity Lien Security Documents.", "Any Subordinated Debt with respect to which such <strong>Springing Event</strong> applies may be secured by a Subordinated Lien under and pursuant to the Subordinated Security Documents provided the Subordinated Collateral Trustee, acting for itself and on behalf of the Subordinated Secured Parties, becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) and (ii) of the immediately succeeding paragraph.", "Notwithstanding anything in this Agreement to the contrary, prior to the occurrence of a <strong>Springing Event</strong>, the Collateral Trustee\u2019s sole duties shall be to (1) hold the Trust Estate in trust for the benefit of itself and the other Parity Lien Secured Parties, (2) enter into the Intercreditor Agreement and (3) exercise remedies as and when provided by the last sentence of Section 3.3.", "With respect to each Borrower that is subject to such a Cargo Finance Agreement, such Borrower shall not be deemed to have granted to Lender a security interest in the Collateral until the occurrence of a Collateral <strong>Springing Event</strong> for purposes of Section 9 of the Cargo Finance Agreement, for purposes of the definitions of &quot;Eligible Document&quot; and &quot;Eligible Goods&quot; in the STAPs, and for purposes of Sections 4, 5 and 11 of the STAPs.", "Certain Cargo Finance Agreements provide that Borrower grants a Lien upon and security interest in the Collateral, but that Lender will not file a UCC Financing Statement to perfect, and Lender will not foreclose upon, such Lien until a Collateral <strong>Springing Event</strong> occurs."], "related": [["financing-event", "Financing Event", "Financing Event"], ["funding-event", "Funding Event", "Funding Event"], ["sporting-event", "Sporting event", "Sporting event"], ["triggering-event", "Triggering Event", "Triggering Event"], ["disqualifying-event", "Disqualifying Event", "Disqualifying Event"]], "related_snippets": [], "updated": "2025-07-06T21:58:29+00:00"}, "json": true, "cursor": ""}}