{"component": "clause", "props": {"groups": [{"snippet": "of Servicer Termination shall not affect the rights and duties of the parties hereunder other than those relating to the management, administration, servicing, custody or collection of the Contracts or the payment of certain expenses by the successor Servicer, in each case, as expressly set forth herein.", "snippet_links": [{"key": "termination-shall", "type": "clause", "offset": [12, 29]}, {"key": "the-rights-and-duties-of-the-parties", "type": "clause", "offset": [41, 77]}, {"key": "relating-to", "type": "definition", "offset": [105, 116]}, {"key": "the-management", "type": "clause", "offset": [117, 131]}, {"key": "the-contracts", "type": "clause", "offset": [185, 198]}, {"key": "payment-of-certain-expenses", "type": "clause", "offset": [206, 233]}, {"key": "successor-servicer", "type": "clause", "offset": [241, 259]}, {"key": "each-case", "type": "definition", "offset": [264, 273]}], "samples": [{"hash": "hHm1zQA5ehQ", "uri": 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The Holders of a Majority in liquidation amount of the Capital Securities may, voting or consenting as a class, on behalf of the Holders of all of the Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and shall be deemed to have been cured, for every purpose of this Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.", "snippet_links": [{"key": "default-under", "type": "clause", "offset": [3, 16]}, {"key": "the-guarantor", "type": "clause", "offset": [63, 76]}, {"key": "other-obligations", "type": "definition", "offset": [110, 127]}, {"key": "holders-of", "type": "clause", "offset": [143, 153]}, {"key": "majority-in-liquidation-amount-of-the-capital-securities", "type": "definition", "offset": [156, 212]}, {"key": "a-class", "type": "definition", "offset": [242, 249]}, {"key": "on-behalf-of", "type": "clause", "offset": [251, 263]}, {"key": "default-shall", "type": "definition", "offset": [400, 413]}, {"key": "purpose-of-this", "type": "clause", "offset": [480, 495]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [566, 593]}], "samples": [{"hash": "d8TfNXmadzP", "uri": "/contracts/d8TfNXmadzP#an-event", "label": "Guarantee Agreement (KMG America CORP)", "score": 21.0, "published": true}, {"hash": "9V4JoZpxVjq", "uri": "/contracts/9V4JoZpxVjq#an-event", "label": "Guarantee Agreement (Centra Financial Holdings Inc)", "score": 21.0, "published": true}], "size": 2, "hash": "f2f54fddc9ede02033ce034218da5050", "id": 6}, {"snippet": "of Bankruptcy shall have occurred ---------- and remained continuing with respect to Seller.", "snippet_links": [{"key": "to-seller", "type": "definition", "offset": [82, 91]}], "samples": [{"hash": "7KBnkKLXazX", "uri": "/contracts/7KBnkKLXazX#an-event", "label": "Receivables Purchase Agreement (Linc Capital Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "7294557e43ef3901a4358c6b39938faa", "id": 7}, {"snippet": "of Default shall mean (1) the occurrence of an event (and the lapse of all applicable cure periods) which would allow the holder of the Note to declare the Note immediately due and payable and (2) the breach of any representation, warranty or covenant of the Pledgor made herein.\na. Unless and until there exists an Event of Default, the Pledgor shall be entitled to exercise all voting and other consensual rights pertaining to the Pledged Securities and shall be entitled to receive and retain any cash dividends thereon and any cash distributions made in respect thereof.\na. 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["transfer-to-avoid-termination-event", "Transfer to Avoid Termination Event", "Transfer to Avoid Termination Event"], ["flip-in-event", "Flip-in Event", "Flip-in Event"], ["termination-event", "Termination Event", "Termination Event"], ["termination-event-notice", "Termination Event; Notice", "Termination Event; Notice"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00", "also_ask": ["What are the essential elements that must be defined for 'An Event' to be enforceable?", "How can the definition of 'An Event' be strategically narrowed or broadened during negotiations?", "What are the most common pitfalls or ambiguities in drafting 'An Event' clauses?", "How does the treatment of 'An Event' in this contract compare to industry standards or statutory definitions?", "What evidentiary hurdles might arise in court when proving that 'An Event' has occurred?"], "drafting_tip": "Define 'Event' precisely to avoid ambiguity; specify triggering conditions to ensure clarity; outline consequences to facilitate enforceability.", "explanation": "The \"An Event\" clause defines a specific occurrence or set of circumstances that may trigger certain rights, obligations, or consequences under the agreement. In practice, this clause typically outlines what constitutes an event for the purposes of the contract, such as a breach, default, or the happening of a particular condition. By clearly identifying what qualifies as an event, the clause ensures all parties understand when contractual provisions are activated, thereby reducing ambiguity and helping to manage risk."}, "json": true, "cursor": ""}}