{"component": "clause", "props": {"groups": [{"size": 30, "samples": [{"hash": "Rkd3LfXIxK", "uri": "/contracts/Rkd3LfXIxK#bail", "label": "Facility Agreement (BW LPG LTD)", "score": 36.2361412048, "published": true}, {"hash": "iZZqkRCT0U4", "uri": "/contracts/iZZqkRCT0U4#bail", "label": "Single Currency Revolving Facility Agreement (StoneX Group Inc.)", "score": 35.9103355408, "published": true}, {"hash": "fec1oYi1EOB", "uri": "/contracts/fec1oYi1EOB#bail", "label": "Revolving Facility Agreement (StoneX Group Inc.)", "score": 35.9069137573, "published": true}], "snippet": "In Legislation means:", "snippet_links": [{"key": "legislation-means", "type": "clause", "offset": [3, 20]}], "hash": "924081c2349903121d12b3c5fea18532", "id": 1}, {"size": 21, "samples": [{"hash": "apKFFzlxHpp", "uri": "/contracts/apKFFzlxHpp#bail", "label": "Credit Agreement (Healthcare Services Group Inc)", "score": 37.2792625427, "published": true}, {"hash": "fsrdtsV0SbB", "uri": "/contracts/fsrdtsV0SbB#bail", 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"In Legislation shall meanmeans (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to the highest of (i) the Federal Funds OpenOvernight Bank Funding Rate, plus 0.5%, (ii) the Prime Rate, and (iii) the Daily LIBOR Rate, plus 100 basis points (1.0%)Simple SOFR, plus 1.00%, so long as Daily Simple SOFR is offered, ascertainable and not unlawful; provided, however, if the Base Rate as determined above would be less than zero, then such rate shall be deemed to be zero. Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. Notwithstanding anything to the contrary contained herein, in the case of any event specified in Section 4.4.1 [Unascertainable; Increased Costs] or Section 4.4.2 [Illegality], to the extent any such determination affects the calculation of Base Rate, the Base Rate shall be calculated without reference to clause (iii) of this definition until the circumstances giving rise to such event no longer exist. Base Rate Option shall mean the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(i) [Revolving Credit Base Rate Options]. Beneficial Owner shall mean, for each Loan Party, each of the following: (a) each individual, if any, who, directly or indirectly, owns 25% or more of such Loan Party\u2019s Capital Stock; and (b) a single individual with significant responsibility to control, manage, or direct each Loan Party. Benefit Plan shall mean any of (a) an \u201cemployee benefit plan\u201d (as defined in ERISA) that is subject to Title I of ERISA, (b) a \u201cplan\u201d as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such \u201cemployee benefit plan\u201d or \u201cplan\u201d. Borrower shall have the meaning specified in the introductory paragraph. Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [35, 50]}, {"key": "eea-member-country", "type": "definition", "offset": [55, 73]}, {"key": "european-parliament-and-of-the-council", "type": "clause", "offset": [129, 167]}, {"key": "the-european-union", "type": "clause", "offset": [171, 189]}, {"key": "from-time-to-time", "type": "clause", "offset": [272, 289]}, {"key": "eu-bail", "type": "definition", "offset": [316, 323]}, {"key": "the-united-kingdom", "type": "clause", "offset": [373, 391]}, {"key": "act-2009", "type": "clause", "offset": [430, 438]}, {"key": "as-amended", "type": "definition", "offset": [440, 450]}, {"key": "other-law", "type": "definition", "offset": [478, 487]}, {"key": "relating-to", "type": "definition", "offset": [541, 552]}, {"key": "other-financial-institutions", "type": "definition", "offset": [617, 645]}, {"key": "insolvency-proceedings", "type": "definition", "offset": [723, 745]}, {"key": "per-annum", "type": "definition", "offset": [797, 806]}, {"key": "rate-of-interest", "type": "definition", "offset": [807, 823]}, {"key": "equal-to", "type": "definition", "offset": [824, 832]}, {"key": "federal-funds", "type": "clause", "offset": [856, 869]}, {"key": "funding-rate", "type": "clause", "offset": [889, 901]}, {"key": "the-prime-rate", "type": "definition", "offset": [919, 933]}, {"key": "daily-libor-rate", "type": "definition", "offset": [949, 965]}, {"key": "basis-points", "type": "definition", "offset": [976, 988]}, {"key": "daily-simple-sofr", "type": "definition", "offset": [1031, 1048]}, {"key": "the-base-rate", "type": "definition", "offset": [1115, 1128]}, {"key": "change-in", "type": "definition", "offset": [1221, 1230]}, {"key": "the-day", "type": "definition", "offset": [1320, 1327]}, 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{"key": "borrower-shall", "type": "clause", "offset": [2610, 2624]}, {"key": "introductory-paragraph", "type": "clause", "offset": [2659, 2681]}, {"key": "borrowing-date", "type": "clause", "offset": [2683, 2697]}, {"key": "any-loan", "type": "clause", "offset": [2726, 2734]}, {"key": "interest-rate-option", "type": "clause", "offset": [2838, 2858]}, {"key": "business-day", "type": "definition", "offset": [2877, 2889]}], "hash": "0f4c4e8f9d87cb6655e4bfe1082d9ba2", "id": 7}, {"size": 4, "samples": [{"hash": "kAok7GFeekN", "uri": "/contracts/kAok7GFeekN#bail", "label": "Senior Secured Term Loan Agreement (Solaris Energy Infrastructure, Inc.)", "score": 37.2655715942, "published": true}, {"hash": "2AdZaOcc60y", "uri": "/contracts/2AdZaOcc60y#bail", "label": "Senior Secured Term Loan Agreement (Solaris Energy Infrastructure, Inc.)", "score": 37.2135505676, "published": true}, {"hash": "8lJxNbQtOQ9", "uri": "/contracts/8lJxNbQtOQ9#bail", "label": "Credit Agreement (Solaris Energy Infrastructure, Inc.)", "score": 36.3264884949, "published": true}], "snippet": "In Action: the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.", "snippet_links": [{"key": "exercise-of", "type": "clause", "offset": [15, 26]}, {"key": "down-and-conversion-powers", "type": "definition", "offset": [37, 63]}, {"key": "resolution-authority", "type": "clause", "offset": [82, 102]}, {"key": "in-respect-of", "type": "definition", "offset": [103, 116]}, {"key": "liability-of", "type": "clause", "offset": [121, 133]}, {"key": "affected-financial-institution", "type": "clause", "offset": [137, 167]}], "hash": "3bce569313f9918b816d1e86262409aa", "id": 8}, {"size": 4, "samples": [{"hash": "fsrdtsV0SbB", "uri": "/contracts/fsrdtsV0SbB#bail", "label": "Credit Agreement (Dayton Power & Light Co)", "score": 37.2108154297, "published": true}, {"hash": "cmQzCds1c0K", "uri": "/contracts/cmQzCds1c0K#bail", "label": "Third Amended and Restated Credit Agreement (Dayton Power & Light Co)", "score": 36.2334022522, "published": true}], "snippet": "In Legislation shall mean, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to the highest of (i) the Overnight Bank Funding Rate, plus 0.5%, (ii) the Prime Rate, and (iii) the Daily Simple SOFR, plus 1.00%, so long as Daily Simple SOFR is offered, ascertainable and not unlawful; provided, however, if the Base Rate as determined above would be less than zero, then such rate shall be deemed to be zero. Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. Notwithstanding anything to the contrary contained herein, in the case of any event specified in Section 4.4(a) [Rate Unascertainable; Increased Costs] or Section 4.4(b) [Illegality], to the extent any such determination affects the calculation of the Base Rate, the definition hereof shall be calculated without reference to clause (iii) until the circumstances giving rise to such event no longer exist. Base Rate Loan shall mean a Loan that bears interest based on the Base Rate. Base Rate Option shall mean the option of the Borrower to have Loans bear interest at the rate and under the terms specified in either Section 4.1(a)(i) [Revolving Credit Base Rate Option] or Section 4.1(b)(i) [Swing Loan Base Rate Option], as applicable. Benchmark shall have the meaning specified in Section 4.4(d) [Benchmark Replacement Setting]. Benchmark Replacement shall have the meaning specified in Section 4.4(d) [Benchmark Replacement Setting]. Benchmark Replacement Adjustment shall have the meaning specified in Section 4.4(d) [Benchmark Replacement Setting]. Benchmark Replacement Date shall have the meaning specified in Section 4.4(d) [Benchmark Replacement Setting].", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [31, 46]}, {"key": "eea-member-country", "type": "definition", "offset": [51, 69]}, {"key": "european-parliament-and-of-the-council", "type": "clause", "offset": [125, 163]}, {"key": "the-european-union", "type": "clause", "offset": [167, 185]}, {"key": "from-time-to-time", "type": "clause", "offset": [269, 286]}, {"key": "eu-bail", "type": "definition", "offset": [313, 320]}, {"key": "the-united-kingdom", "type": "clause", "offset": [370, 388]}, {"key": "act-2009", "type": "clause", "offset": [427, 435]}, {"key": "as-amended", "type": "definition", "offset": [437, 447]}, {"key": "other-law", "type": "definition", "offset": [475, 484]}, {"key": "relating-to", "type": "definition", "offset": [538, 549]}, {"key": "other-financial-institutions", "type": "definition", "offset": [614, 642]}, {"key": "insolvency-proceedings", "type": "definition", "offset": [720, 742]}, {"key": "per-annum", "type": "definition", "offset": [794, 803]}, {"key": "rate-of-interest", "type": "definition", "offset": [804, 820]}, {"key": "equal-to", "type": "definition", "offset": [821, 829]}, {"key": "overnight-bank-funding-rate", "type": "definition", "offset": [853, 880]}, {"key": "the-prime-rate", "type": "definition", "offset": [898, 912]}, {"key": "daily-simple-sofr", "type": "definition", "offset": [928, 945]}, {"key": "the-base-rate", "type": "definition", "offset": [1054, 1067]}, {"key": "change-in", "type": "definition", "offset": [1160, 1169]}, {"key": "the-day", "type": "definition", "offset": [1259, 1266]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [1287, 1337]}, {"key": "in-the-case", "type": "clause", "offset": [1346, 1357]}, {"key": "increased-costs", "type": "definition", "offset": [1422, 1437]}, {"key": "to-the-extent", "type": "clause", "offset": [1471, 1484]}, {"key": "such-determination", "type": "definition", "offset": [1489, 1507]}, {"key": "calculation-of-the", "type": "clause", "offset": [1520, 1538]}, {"key": "the-definition", "type": "definition", "offset": [1550, 1564]}, {"key": "reference-to", "type": "definition", "offset": [1600, 1612]}, {"key": "loan-shall", "type": "definition", "offset": [1703, 1713]}, {"key": "a-loan", "type": "definition", "offset": [1719, 1725]}, {"key": "based-on", "type": "definition", "offset": [1746, 1754]}, {"key": "the-option", "type": "clause", "offset": [1798, 1808]}, {"key": "of-the-borrower", "type": "clause", "offset": [1809, 1824]}, {"key": "the-rate", "type": "clause", "offset": [1856, 1864]}, {"key": "the-terms", "type": "clause", "offset": [1875, 1884]}, {"key": "revolving-credit-base-rate-option", "type": "definition", "offset": [1924, 1957]}, {"key": "swing-loan-base-rate-option", "type": "definition", "offset": [1981, 2008]}, {"key": "benchmark-replacement-setting", "type": "definition", "offset": [2088, 2117]}, {"key": "benchmark-replacement-adjustment", "type": "clause", "offset": [2226, 2258]}, {"key": "benchmark-replacement-date", "type": "definition", "offset": [2343, 2369]}], "hash": "8534b0b6feba8737607677a7deff85b2", "id": 9}, {"size": 4, "samples": [{"hash": "bWybteu6Vgc", "uri": "/contracts/bWybteu6Vgc#bail", "label": "Credit Agreement (K12 Inc)", "score": 31.069814682, "published": true}], "snippet": "In Action shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. Bail-In Legislation shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to the highest of (i) the Overnight Bank Funding Rate, plus 0.5%, (ii) the Prime Rate, and (iii) the Daily LIBOR Rate, plus 100 basis points (1.0%). Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. Base Rate Option shall mean the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(i) [Revolving Credit Base Rate Options]. Beneficial Owner shall mean each of the following: (a) each individual, if any, who, directly or indirectly, owns 25% or more of the Capital Stock of the Borrower; and (b) a single individual with significant responsibility to control, manage, or direct the Borrower. Benefit Plan shall mean any of (a) an \"employee benefit plan\" (as defined in ERISA) that is subject to Title I of ERISA, (b) a \"plan\" as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such \"employee benefit plan\" or \"plan\". Borrower shall have the meaning specified in the introductory paragraph. Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.", "snippet_links": [{"key": "exercise-of", "type": "clause", "offset": [25, 36]}, {"key": "down-and-conversion-powers", "type": "definition", "offset": [47, 73]}, {"key": "the-applicable", "type": "clause", "offset": [77, 91]}, {"key": "eea-resolution-authority", "type": "definition", "offset": [92, 116]}, {"key": "in-respect-of", "type": "definition", "offset": [117, 130]}, {"key": "liability-of", "type": "clause", "offset": [135, 147]}, {"key": "eea-financial-institution", "type": "clause", "offset": [151, 176]}, {"key": "with-respect-to", "type": "clause", "offset": [210, 225]}, {"key": "eea-member-country", "type": "definition", "offset": [230, 248]}, {"key": "european-parliament-and-of-the-council", "type": "clause", "offset": [304, 342]}, {"key": "the-european-union", "type": "clause", "offset": [346, 364]}, {"key": "from-time-to-time", "type": "clause", "offset": [415, 432]}, {"key": "eu-bail", "type": "definition", "offset": [459, 466]}, {"key": "per-annum", "type": "definition", "offset": [541, 550]}, {"key": "rate-of-interest", "type": "definition", "offset": [551, 567]}, {"key": "equal-to", "type": "definition", "offset": [568, 576]}, {"key": "overnight-bank-funding-rate", "type": "definition", "offset": [600, 627]}, {"key": "the-prime-rate", "type": "definition", "offset": [645, 659]}, {"key": "daily-libor-rate", "type": "definition", "offset": [675, 691]}, {"key": "basis-points", "type": "definition", "offset": [702, 714]}, {"key": "change-in", "type": "definition", "offset": [727, 736]}, {"key": "the-base-rate", "type": "definition", "offset": [737, 750]}, {"key": "the-day", "type": "definition", "offset": [826, 833]}, {"key": "base-rate-option", "type": "definition", "offset": [854, 870]}, {"key": "the-option", "type": "clause", "offset": [882, 892]}, {"key": "the-rate", "type": "clause", "offset": [940, 948]}, {"key": "the-terms", "type": "clause", "offset": [959, 968]}, {"key": "rate-options", "type": "clause", "offset": [1022, 1034]}, {"key": "beneficial-owner", "type": "definition", "offset": [1037, 1053]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1122, 1144]}, {"key": "capital-stock-of-the-borrower", "type": "clause", "offset": [1170, 1199]}, {"key": "individual-with", "type": "clause", "offset": [1218, 1233]}, {"key": "to-control", "type": "definition", "offset": [1261, 1271]}, {"key": "employee-benefit-plan", "type": "clause", "offset": [1344, 1365]}, {"key": "subject-to", "type": "clause", "offset": [1397, 1407]}, {"key": "title-i-of-erisa", "type": "clause", "offset": [1408, 1424]}, {"key": "defined-in-section", "type": "clause", "offset": [1442, 1460]}, {"key": "the-code", "type": "clause", "offset": [1469, 1477]}, {"key": "any-person", "type": "definition", "offset": [1485, 1495]}, {"key": "for-purposes-of", "type": "clause", "offset": [1518, 1533]}, {"key": "the-assets", "type": "clause", "offset": [1629, 1639]}, {"key": "borrower-shall", "type": "clause", "offset": [1687, 1701]}, {"key": "introductory-paragraph", "type": "clause", "offset": [1736, 1758]}, {"key": "borrowing-date", "type": "clause", "offset": [1760, 1774]}, {"key": "any-loan", "type": "clause", "offset": [1803, 1811]}, {"key": "interest-rate-option", "type": "clause", "offset": [1915, 1935]}, {"key": "business-day", "type": "definition", "offset": [1954, 1966]}], "hash": "7bace6a6b411fac2ac6f0feb6f9a3b53", "id": 10}], "next_curs": "Ck0SR2oVc35sYXdpbnNpZGVyY29udHJhY3RzcikLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig1iYWlsIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["general", "GENERAL"], ["contractual-recognition-of-bail-in", "CONTRACTUAL RECOGNITION OF BAIL-IN"], ["citibank-n", "CITIBANK, N"], ["recognition-of-bail-in-powers1", "RECOGNITION OF BAIL-IN POWERS1"], ["deutsche-trustee-company", "DEUTSCHE TRUSTEE COMPANY"]], "size": 162, "children": [], "title": "Bail", "id": "bail", "related": [["organization-authority", "Organization; Authority", "Organization; Authority"], ["organization-authorization", "Organization; Authorization", "Organization; Authorization"], ["limitation-on-authority", "Limitation on Authority", "Limitation on Authority"], ["disciplinary-sanctions", "Disciplinary Sanctions", "Disciplinary Sanctions"], ["information-authorization", "Information Authorization", "Information Authorization"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Bail clause establishes the conditions under which a defendant may be released from custody before trial, typically by providing a financial guarantee or surety to the court. This clause outlines the amount of bail required, acceptable forms of payment, and any additional conditions such as travel restrictions or regular check-ins with authorities. Its core practical function is to balance the defendant\u2019s right to freedom before conviction with the court\u2019s interest in ensuring the defendant\u2019s appearance at future proceedings and protecting public safety."}, "json": true, "cursor": ""}}