{"component": "clause", "props": {"groups": [{"samples": [{"hash": "h4XU83u0sym", "uri": "/contracts/h4XU83u0sym#borrowing-procedures", "label": "Credit Agreement (Piedmont Natural Gas Co Inc)", "score": 26.954826355, "published": true}, {"hash": "59cRfM4HS5l", "uri": "/contracts/59cRfM4HS5l#borrowing-procedures", "label": "Credit Agreement (International Game Technology)", "score": 24.3127994537, "published": true}, {"hash": "cpC4TBrKdqD", "uri": "/contracts/cpC4TBrKdqD#borrowing-procedures", "label": "Credit Agreement (Piedmont Natural Gas Co Inc)", "score": 23.9705677032, "published": true}], "size": 850, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "swing-line-lender", "type": "clause", "offset": [86, 103]}, {"key": "by-telephone", "type": "definition", "offset": [153, 165]}, {"key": "received-by", "type": "definition", "offset": [192, 203]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [287, 311]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [339, 360]}, {"key": "business-day", "type": "definition", "offset": [456, 468]}, {"key": "telephonic-notice", "type": "clause", "offset": [480, 497]}, {"key": "delivery-to-the", "type": "clause", "offset": [528, 543]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [604, 626]}, {"key": "signed-by", "type": "definition", "offset": [656, 665]}, {"key": "responsible-officer-of-the-borrower", "type": "definition", "offset": [668, 703]}, {"key": "receipt-by-the", "type": "clause", "offset": [720, 734]}, {"key": "in-writing", "type": "clause", "offset": [877, 887]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1005, 1036]}, {"key": "the-request", "type": "clause", "offset": [1213, 1224]}, {"key": "prior-to", "type": "definition", "offset": [1240, 1248]}, {"key": "date-of", "type": "clause", "offset": [1266, 1273]}, {"key": "the-proposed", "type": "clause", "offset": [1274, 1286]}, {"key": "applicable-conditions", "type": "clause", "offset": [1506, 1527]}, {"key": "article-iv", "type": "definition", "offset": [1541, 1551]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1592, 1616]}, {"key": "the-borrowing", "type": "clause", "offset": [1681, 1694]}, {"key": "to-the-borrower", "type": "clause", "offset": [1791, 1806]}, {"key": "the-account", "type": "clause", "offset": [1834, 1845]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1903, 1930]}], "snippet": "Each Swing Line Borrowing shall be made upon the Borrower\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower at its office by crediting the account of the Borrower on the books of the Swing Line Lender in immediately available funds.", "hash": "404e3f3cf4f707d605830412f569f957", "id": 1}, {"samples": [{"hash": "ag1ByExHJGt", "uri": "/contracts/ag1ByExHJGt#borrowing-procedures", "label": "First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.)", "score": 33.7638587952, "published": true}, {"hash": "cpQTOMLmZc2", "uri": "/contracts/cpQTOMLmZc2#borrowing-procedures", "label": "First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.)", "score": 33.0848731995, "published": true}, {"hash": "bhjy0zMf0Wg", "uri": "/contracts/bhjy0zMf0Wg#borrowing-procedures", "label": "First Lien Credit Agreement (Convey Holding Parent, Inc.)", "score": 32.3839836121, "published": true}], "size": 518, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "swing-line-lender", "type": "clause", "offset": [86, 103]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [129, 151]}, {"key": "received-by", "type": "definition", "offset": [178, 189]}, {"key": "new-york-time", "type": "clause", "offset": [238, 251]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [260, 284]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [311, 332]}, {"key": "business-day", "type": "definition", "offset": [426, 438]}, {"key": "in-writing", "type": "clause", "offset": [490, 500]}, {"key": "priority-revolving-agent", "type": "definition", "offset": [511, 535]}, {"key": "the-request", "type": "clause", "offset": [550, 561]}, {"key": "revolving-lender", "type": "clause", "offset": [569, 585]}, {"key": "prior-to", "type": "definition", "offset": [587, 595]}, {"key": "date-of", "type": "clause", "offset": [629, 636]}, {"key": "the-proposed", "type": "clause", "offset": [637, 649]}, {"key": "applicable-conditions", "type": "clause", "offset": [869, 890]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [957, 981]}, {"key": "the-borrowing", "type": "clause", "offset": [1062, 1075]}, {"key": "to-the-borrower", "type": "clause", "offset": [1172, 1187]}, {"key": "contained-in", "type": "definition", "offset": [1230, 1242]}, {"key": "in-this-agreement", "type": "definition", "offset": [1274, 1291]}, {"key": "entered-into", "type": "clause", "offset": [1456, 1468]}, {"key": "fronting-exposure", "type": "definition", "offset": [1566, 1583]}, {"key": "after-giving", "type": "clause", "offset": [1585, 1597]}, {"key": "with-respect-to", "type": "clause", "offset": [1628, 1643]}, {"key": "defaulting-lenders", "type": "clause", "offset": [1671, 1689]}, {"key": "cash-collateralizing", "type": "definition", "offset": [1744, 1764]}, {"key": "backstop-letter-of-credit", "type": "definition", "offset": [1781, 1806]}, {"key": "applicable-percentage", "type": "definition", "offset": [1931, 1952]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [1960, 1988]}], "snippet": "Each Swing Line Borrowing shall be made upon the Borrower\u2019s irrevocable notice to the Swing Line Lender, which may be given by a Swing Line Loan Notice. Each such notice must be received by the Swing Line Lender not later than 2:30 p.m., New York time, on the requested Borrowing date and shall specify (a) the amount to be borrowed, which shall be a minimum of $100,000 and (b) the requested Borrowing date, which shall be a Business Day. Unless the Swing Line Lender has received notice (in writing) from the Priority Revolving Agent (including at the request of any Revolving Lender) prior to 3:00 p.m., New York time, on the date of the proposed Swing Line Borrowing (i) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.04(1) or (ii) that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:30 p.m., New York time, on the Borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower. Notwithstanding anything to the contrary contained in this Section 2.04 or elsewhere in this Agreement, the Swing Line Lender shall not be obligated to make any Swing Line Loan at a time when a Revolving Lender is a Defaulting Lender unless the Swing Line Lender has entered into arrangements reasonably satisfactory to it and the Borrower to eliminate the Swing Line Lender\u2019s Fronting Exposure (after giving effect to Section 2.17(1)(d)) with respect to the Defaulting Lender\u2019s or Defaulting Lenders\u2019 participation in such Swing Line Loans, including by Cash Collateralizing, or obtaining a backstop letter of credit from an issuer reasonably satisfactory to the Swing Line Lender to support, such Defaulting Lender\u2019s or Defaulting Lenders\u2019 Applicable Percentage of the outstanding Swing Line Loans.", "hash": "ab8632e3868be055da76d8cee0c8a5ee", "id": 2}, {"samples": [{"hash": "5K9MkquG2S0", "uri": "/contracts/5K9MkquG2S0#borrowing-procedures", "label": "Credit Agreement (Hilton Worldwide Holdings Inc.)", "score": 35.4503746033, "published": true}, {"hash": "jsxxxRfVvuV", "uri": "/contracts/jsxxxRfVvuV#borrowing-procedures", "label": "Credit Agreement (Gates Industrial Corp PLC)", "score": 35.422996521, "published": true}, {"hash": "akCo9xS6QLq", "uri": "/contracts/akCo9xS6QLq#borrowing-procedures", "label": "Credit Agreement (Hilton Worldwide Holdings Inc.)", "score": 34.8507881165, "published": true}], "size": 446, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "swing-line-lender", "type": "clause", "offset": [86, 103]}, {"key": "by-telephone", "type": "definition", "offset": [153, 165]}, {"key": "received-by", "type": "definition", "offset": [192, 203]}, {"key": "new-york-city-time", "type": "definition", "offset": [280, 298]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [306, 330]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [367, 388]}, {"key": "integral-multiples", "type": "definition", "offset": [494, 512]}, {"key": "business-day", "type": "definition", "offset": [582, 594]}, {"key": "telephonic-notice", "type": "clause", "offset": [606, 623]}, {"key": "delivery-to-the", "type": "clause", "offset": [654, 669]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [730, 752]}, {"key": "signed-by", "type": "definition", "offset": [782, 791]}, {"key": "responsible-officer-of-the-borrower", "type": "definition", "offset": [794, 829]}, {"key": "receipt-by-the", "type": "clause", "offset": [846, 860]}, {"key": "in-writing", "type": "clause", "offset": [926, 936]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1149, 1180]}, {"key": "the-request", "type": "clause", "offset": [1357, 1368]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [1376, 1399]}, {"key": "prior-to", "type": "definition", "offset": [1401, 1409]}, {"key": "date-of", "type": "clause", "offset": [1446, 1453]}, {"key": "the-proposed", "type": "clause", "offset": [1454, 1466]}, {"key": "applicable-conditions", "type": "clause", "offset": [1692, 1713]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1780, 1804]}, {"key": "the-borrowing", "type": "clause", "offset": [1888, 1901]}, {"key": "to-the-borrower", "type": "clause", "offset": [1998, 2013]}, {"key": "contained-in", "type": "definition", "offset": [2056, 2068]}, {"key": "in-this-agreement", "type": "definition", "offset": [2100, 2117]}, {"key": "entered-into", "type": "clause", "offset": [2289, 2301]}, {"key": "fronting-exposure", "type": "definition", "offset": [2399, 2416]}, {"key": "after-giving", "type": "clause", "offset": [2418, 2430]}, {"key": "with-respect-to", "type": "clause", "offset": [2462, 2477]}, {"key": "defaulting-lenders", "type": "clause", "offset": [2505, 2523]}, {"key": "cash-collateralizing", "type": "definition", "offset": [2578, 2598]}, {"key": "backstop-letter-of-credit", "type": "definition", "offset": [2615, 2640]}, {"key": "pro-rata-share", "type": "definition", "offset": [2765, 2779]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [2787, 2815]}], "snippet": "Each Swing Line Borrowing shall be made upon the Borrower\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. New York City time on the requested borrowing date and shall specify (i) the principal amount to be borrowed, which principal amount shall be a minimum of $500,000 (and any amount in excess of $500,000 shall be in integral multiples of $100,000) and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any Swing Line Loan Notice (by telephone or in writing), the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 2:00 p.m. New York City time on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. New York City time on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower. Notwithstanding anything to the contrary contained in this Section 2.04 or elsewhere in this Agreement, the Swing Line Lender shall not be obligated to make any Swing Line Loan at a time when a Revolving Credit Lender is a Defaulting Lender unless the Swing Line Lender has entered into arrangements reasonably satisfactory to it and the Borrower to eliminate the Swing Line Lender\u2019s Fronting Exposure (after giving effect to Section 2.17(a)(iv)) with respect to the Defaulting Lender\u2019s or Defaulting Lenders\u2019 participation in such Swing Line Loans, including by Cash Collateralizing, or obtaining a backstop letter of credit from an issuer reasonably satisfactory to the Swing Line Lender to support, such Defaulting Lender\u2019s or Defaulting Lenders\u2019 Pro Rata Share of the outstanding Swing Line Loans.", "hash": "511da15d34cb625f84b5a385a78cfb31", "id": 3}, {"samples": [{"hash": "7hCv3jtN188", "uri": "/contracts/7hCv3jtN188#borrowing-procedures", "label": "Credit Agreement (Silicon Laboratories Inc.)", "score": 34.5003433228, "published": true}, {"hash": "cMBK9ZRq2Sy", "uri": "/contracts/cMBK9ZRq2Sy#borrowing-procedures", "label": "Credit Agreement (Silicon Laboratories Inc.)", "score": 30.5961666107, "published": true}, {"hash": "1K4vHABST1f", "uri": "/contracts/1K4vHABST1f#borrowing-procedures", "label": "Credit Agreement (Silicon Laboratories Inc)", "score": 28.1567420959, "published": true}], "size": 339, "snippet_links": [{"key": "each-borrowing", "type": "clause", "offset": [0, 14]}, {"key": "loans-shall", "type": "definition", "offset": [29, 40]}, {"key": "swing-line-lender", "type": "clause", "offset": [95, 112]}, {"key": "by-telephone", "type": "definition", "offset": [162, 174]}, {"key": "received-by", "type": "definition", "offset": [201, 212]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [296, 320]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [348, 369]}, {"key": "minimum-principal-amount", "type": "definition", "offset": [388, 412]}, {"key": "integral-multiples", "type": "definition", "offset": [429, 447]}, {"key": "business-day", "type": "definition", "offset": [535, 547]}, {"key": "telephonic-notice", "type": "clause", "offset": [559, 576]}, {"key": "delivery-to-the", "type": "clause", "offset": [607, 622]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [683, 705]}, {"key": "signed-by", "type": "definition", "offset": [735, 744]}, {"key": "responsible-officer-of-the-borrower", "type": "definition", "offset": [747, 782]}, {"key": "receipt-by-the", "type": "clause", "offset": [799, 813]}, {"key": "in-writing", "type": "clause", "offset": [956, 966]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1084, 1115]}, {"key": "the-request", "type": "clause", "offset": [1292, 1303]}, {"key": "prior-to", "type": "definition", "offset": [1319, 1327]}, {"key": "date-of", "type": "clause", "offset": [1345, 1352]}, {"key": "proposed-borrowing", "type": "clause", "offset": [1357, 1375]}, {"key": "applicable-conditions", "type": "clause", "offset": [1600, 1621]}, {"key": "article-v", "type": "clause", "offset": [1635, 1644]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1685, 1709]}, {"key": "the-borrowing", "type": "clause", "offset": [1774, 1787]}, {"key": "to-the-borrower", "type": "clause", "offset": [1884, 1899]}], "snippet": "Each Borrowing of Swing Line Loans shall be made upon the Borrower\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum principal amount of $100,000 and integral multiples of $100,000 in excess thereof, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Borrowing of Swing Line Loans (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower.", "hash": "05adc8c344bc9d5e8f7dee0804b51a95", "id": 4}, {"samples": [{"hash": "1BRzqGz0NXa", "uri": "/contracts/1BRzqGz0NXa#borrowing-procedures", "label": "Syndicated Facility Agreement (Aecom)", "score": 37.1861724854, "published": true}, {"hash": "eKRTd1ib0B", "uri": "/contracts/eKRTd1ib0B#borrowing-procedures", "label": "Syndicated Facility Agreement (Aecom)", "score": 35.3134841919, "published": true}, {"hash": "1HgnYe69lgv", "uri": "/contracts/1HgnYe69lgv#borrowing-procedures", "label": "Credit Agreement (Aecom)", "score": 34.6016426086, "published": true}], "size": 334, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "upon-the-company", "type": "definition", "offset": [40, 56]}, {"key": "swing-line-lender", "type": "clause", "offset": [85, 102]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [181, 203]}, {"key": "provided-that", "type": "definition", "offset": [205, 218]}, {"key": "telephonic-notice", "type": "clause", "offset": [223, 240]}, {"key": "delivery-to-the", "type": "clause", "offset": [271, 286]}, {"key": "received-by", "type": "definition", "offset": [388, 399]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [483, 507]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [535, 556]}, {"key": "business-day", "type": "definition", "offset": [652, 664]}, {"key": "receipt-by-the", "type": "clause", "offset": [681, 695]}, {"key": "by-telephone", "type": "definition", "offset": [822, 834]}, {"key": "in-writing", "type": "clause", "offset": [838, 848]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [966, 997]}, {"key": "the-request", "type": "clause", "offset": [1174, 1185]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [1193, 1216]}, {"key": "prior-to", "type": "definition", "offset": [1218, 1226]}, {"key": "date-of", "type": "clause", "offset": [1244, 1251]}, {"key": "the-proposed", "type": "clause", "offset": [1252, 1264]}, {"key": "applicable-conditions", "type": "clause", "offset": [1490, 1511]}, {"key": "article-iv", "type": "definition", "offset": [1525, 1535]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1576, 1600]}, {"key": "the-borrowing", "type": "clause", "offset": [1665, 1678]}, {"key": "available-to", "type": "definition", "offset": [1765, 1777]}, {"key": "domestic-borrower", "type": "definition", "offset": [1793, 1810]}], "snippet": "Each Swing Line Borrowing shall be made upon the Company\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by (A) telephone or (B) by a Swing Line Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a Swing Line Loan Notice. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the applicable Domestic Borrower.", "hash": "f3fcae82e5a38259edc4b7f1e45dd7ab", "id": 5}, {"samples": [{"hash": "bxTdEnJrSYw", "uri": "/contracts/bxTdEnJrSYw#borrowing-procedures", "label": "Credit Agreement (Intrepid Potash, Inc.)", "score": 37.2491455078, "published": true}, {"hash": "6IVKcmBolDj", "uri": "/contracts/6IVKcmBolDj#borrowing-procedures", "label": "Credit Agreement (Purple Innovation, Inc.)", "score": 34.6016426086, "published": true}, {"hash": "3UjedVIjoMq", "uri": "/contracts/3UjedVIjoMq#borrowing-procedures", "label": "Credit Agreement (Matrix Service Co)", "score": 33.7638587952, "published": true}], "size": 208, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "the-borrower-agent", "type": "clause", "offset": [45, 63]}, {"key": "irrevocable-notice", "type": "clause", "offset": [66, 84]}, {"key": "swing-line-lender", "type": "clause", "offset": [92, 109]}, {"key": "by-telephone", "type": "definition", "offset": [159, 171]}, {"key": "received-by", "type": "definition", "offset": [198, 209]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [294, 318]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [346, 367]}, {"key": "integral-multiples", "type": "definition", "offset": [410, 428]}, {"key": "business-day", "type": "definition", "offset": [516, 528]}, {"key": "telephonic-notice", "type": "clause", "offset": [540, 557]}, {"key": "delivery-to-the", "type": "clause", "offset": [588, 603]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [664, 686]}, {"key": "signed-by", "type": "definition", "offset": [716, 725]}, {"key": "responsible-officer-of-the-borrower", "type": "definition", "offset": [728, 763]}, {"key": "receipt-by-the", "type": "clause", "offset": [786, 800]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [900, 922]}, {"key": "available-to", "type": "definition", "offset": [1018, 1030]}, {"key": "the-borrowers", "type": "definition", "offset": [1031, 1044]}, {"key": "in-writing", "type": "clause", "offset": [1152, 1162]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1280, 1311]}, {"key": "the-request", "type": "clause", "offset": [1488, 1499]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [1507, 1530]}, {"key": "prior-to", "type": "definition", "offset": [1532, 1540]}, {"key": "date-of", "type": "clause", "offset": [1558, 1565]}, {"key": "the-proposed", "type": "clause", "offset": [1566, 1578]}, {"key": "applicable-conditions", "type": "clause", "offset": [1798, 1819]}, {"key": "article-v", "type": "clause", "offset": [1833, 1842]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1883, 1907]}, {"key": "lender-may", "type": "definition", "offset": [1931, 1941]}, {"key": "the-borrowing", "type": "clause", "offset": [1971, 1984]}, {"key": "the-account", "type": "clause", "offset": [2130, 2141]}, {"key": "same-day-funds", "type": "definition", "offset": [2205, 2219]}], "snippet": "Each Swing Line Borrowing shall be made upon the Borrower Agent\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 12:00 noon on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $500,000 and integral multiples of $100,000 in excess thereof, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower Agent. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will (i) deliver notice to the Borrower Agent and the Administrative Agent as to whether it will or will not make such Swing Line Loan available to the Borrowers and, if agreeing to make such Swing Line Loan, (ii) confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 1:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender may, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower Agent at its office by crediting the account of the Borrower Agent on the books of the Swing Line Lender in Same Day Funds.", "hash": "674dd729dcd00adaf4c43d89a29a7ca7", "id": 6}, {"samples": [{"hash": "2t3mDNrcJp7", "uri": "/contracts/2t3mDNrcJp7#borrowing-procedures", "label": "Credit Agreement (Starbucks Corp)", "score": 36.455165863, "published": true}, {"hash": "52wctc7RmVp", "uri": "/contracts/52wctc7RmVp#borrowing-procedures", "label": "Credit Agreement (Starbucks Corp)", "score": 32.7097892761, "published": true}, {"hash": "ysE6rECmGt", "uri": "/contracts/ysE6rECmGt#borrowing-procedures", "label": "364 Day Credit Agreement (Starbucks Corp)", "score": 31.729637146, "published": true}], "size": 192, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "upon-the-company", "type": "definition", "offset": [39, 55]}, {"key": "swing-line-lender", "type": "clause", "offset": [84, 101]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [180, 202]}, {"key": "provided-that", "type": "definition", "offset": [204, 217]}, {"key": "telephonic-notice", "type": "clause", "offset": [222, 239]}, {"key": "delivery-to-the", "type": "clause", "offset": [270, 285]}, {"key": "received-by", "type": "definition", "offset": [403, 414]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [499, 523]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [550, 571]}, {"key": "business-day", "type": "definition", "offset": [715, 727]}, {"key": "receipt-by-the", "type": "clause", "offset": [744, 758]}, {"key": "by-telephone", "type": "definition", "offset": [874, 886]}, {"key": "in-writing", "type": "clause", "offset": [890, 900]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1018, 1049]}, {"key": "the-request", "type": "clause", "offset": [1226, 1237]}, {"key": "prior-to", "type": "definition", "offset": [1253, 1261]}, {"key": "date-of", "type": "clause", "offset": [1279, 1286]}, {"key": "the-proposed", "type": "clause", "offset": [1287, 1299]}, {"key": "applicable-conditions", "type": "clause", "offset": [1519, 1540]}, {"key": "article-iv", "type": "definition", "offset": [1554, 1564]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1605, 1629]}, {"key": "the-borrowing", "type": "clause", "offset": [1694, 1707]}, {"key": "to-the-company", "type": "clause", "offset": [1804, 1818]}], "snippet": "Each Swing Line Borrowing will be made upon the Company\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by (A) telephone or (B) by a Swing Line Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a Swing Line Loan Notice. Each such Swing Line Loan Notice must be received by the Swing Line Lender and the Administrative Agent not later than 12:00 noon on the requested borrowing date, and will specify (i) the amount to be borrowed, which will be a minimum of $500,000 or a whole multiple of $100,000 in excess thereof, and (ii) the requested borrowing date, which will be a Business Day. Promptly after receipt by the Swing Line Lender of any Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 1:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.05(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 2:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Company.", "hash": "19408652bcbd2961ad82b7d39ca69311", "id": 7}, {"samples": [{"hash": "km2GqdNjLrE", "uri": "/contracts/km2GqdNjLrE#borrowing-procedures", "label": "Credit Agreement (Nexstar Media Group, Inc.)", "score": 37.2409324646, "published": true}, {"hash": "l4kJ8WdEFYy", "uri": "/contracts/l4kJ8WdEFYy#borrowing-procedures", "label": "Credit Agreement (Nexstar Media Group, Inc.)", "score": 36.4934959412, "published": true}, {"hash": "dfQaNZFpzbs", "uri": "/contracts/dfQaNZFpzbs#borrowing-procedures", "label": "Credit Agreement (Nexstar Media Group, Inc.)", "score": 34.598903656, "published": true}], "size": 168, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "swing-line-lender", "type": "clause", "offset": [86, 103]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [182, 204]}, {"key": "telephonic-notice", "type": "clause", "offset": [219, 236]}, {"key": "received-by", "type": "definition", "offset": [392, 403]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [487, 511]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [539, 560]}, {"key": "integral-multiple", "type": "definition", "offset": [648, 665]}, {"key": "business-day", "type": "definition", "offset": [735, 747]}, {"key": "receipt-by-the", "type": "clause", "offset": [764, 778]}, {"key": "by-telephone", "type": "definition", "offset": [894, 906]}, {"key": "in-writing", "type": "clause", "offset": [910, 920]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1038, 1069]}, {"key": "the-request", "type": "clause", "offset": [1246, 1257]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [1265, 1288]}, {"key": "prior-to", "type": "definition", "offset": [1290, 1298]}, {"key": "date-of", "type": "clause", "offset": [1316, 1323]}, {"key": "the-proposed", "type": "clause", "offset": [1324, 1336]}, {"key": "applicable-conditions", "type": "clause", "offset": [1562, 1583]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1650, 1674]}, {"key": "the-borrowing", "type": "clause", "offset": [1739, 1752]}, {"key": "to-the-borrower", "type": "clause", "offset": [1849, 1864]}, {"key": "the-account", "type": "clause", "offset": [1889, 1900]}, {"key": "of-the-borrower", "type": "clause", "offset": [1901, 1916]}, {"key": "bank-of-america", "type": "definition", "offset": [1933, 1948]}, {"key": "transfer-of", "type": "clause", "offset": [1992, 2003]}, {"key": "each-case", "type": "definition", "offset": [2019, 2028]}, {"key": "in-accordance-with", "type": "definition", "offset": [2029, 2047]}, {"key": "by-the-borrower", "type": "clause", "offset": [2098, 2113]}], "snippet": "Each Swing Line Borrowing shall be made upon the Borrower\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by (A) telephone or (B) by a Swing Line Loan Notice; provided any telephonic notice must be confirmed promptly by delivery to Swing Line Lender and Administrative Agent of a Swing Line Loan Notice. Each such Swing Line Loan notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000 (and any amount in excess thereof shall be in an integral multiple of $25,000), and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the Swing Line Lender of any Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to the Administrative Agent by the Borrower.", "hash": "7817e8a1cce6af3af9706fd003216364", "id": 8}, {"samples": [{"hash": "bfo3pDaIctP", "uri": "/contracts/bfo3pDaIctP#borrowing-procedures", "label": "Credit Agreement (Pebblebrook Hotel Trust)", "score": 32.950717926, "published": true}, {"hash": "6nOLETuXQH5", "uri": "/contracts/6nOLETuXQH5#borrowing-procedures", "label": "Credit Agreement (Pebblebrook Hotel Trust)", "score": 32.3237495422, "published": true}, {"hash": "dyGskijBesN", "uri": "/contracts/dyGskijBesN#borrowing-procedures", "label": "Credit Agreement (Pebblebrook Hotel Trust)", "score": 29.1423683167, "published": true}], "size": 119, "snippet_links": [{"key": "swing-line-borrowing", "type": "clause", "offset": [5, 25]}, {"key": "swing-line-lender", "type": "clause", "offset": [86, 103]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [179, 201]}, {"key": "provided-that", "type": "definition", "offset": [203, 216]}, {"key": "telephonic-notice", "type": "clause", "offset": [221, 238]}, {"key": "delivery-to-the", "type": "clause", "offset": [269, 284]}, {"key": "received-by", "type": "definition", "offset": [402, 413]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [497, 521]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [549, 570]}, {"key": "business-day", "type": "definition", "offset": [666, 678]}, {"key": "receipt-by-the", "type": "clause", "offset": [695, 709]}, {"key": "by-telephone", "type": "definition", "offset": [825, 837]}, {"key": "in-writing", "type": "clause", "offset": [841, 851]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [969, 1000]}, {"key": "the-request", "type": "clause", "offset": [1177, 1188]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [1196, 1219]}, {"key": "prior-to", "type": "definition", "offset": [1221, 1229]}, {"key": "date-of", "type": "clause", "offset": [1247, 1254]}, {"key": "the-proposed", "type": "clause", "offset": [1255, 1267]}, {"key": "applicable-conditions", "type": "clause", "offset": [1493, 1514]}, {"key": "in-section-4", "type": "clause", "offset": [1525, 1537]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1578, 1602]}, {"key": "the-borrowing", "type": "clause", "offset": [1667, 1680]}, {"key": "to-the-borrower", "type": "clause", "offset": [1777, 1792]}, {"key": "to-fund", "type": "definition", "offset": [1838, 1845]}, {"key": "to-the-extent", "type": "clause", "offset": [1866, 1879]}, {"key": "lender-hereunder", "type": "clause", "offset": [1920, 1936]}], "snippet": "Each Swing Line Borrowing shall be made upon the Borrower\u2019s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by (x) telephone or (y) a Swing Line Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a Swing Line Loan Notice. Each such Swing Line Loan Notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $250,000, and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the Swing Line Lender of any Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Section 4 is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower. The Swing Line Lender shall not be required to fund any Swing Line Loan to the extent any Lender is at such time a Defaulting Lender hereunder.", "hash": "0ae9ebc4ae5002c8a8e0c57abad94fb4", "id": 10}, {"samples": [{"hash": "bmyKdxJngGL", "uri": "/contracts/bmyKdxJngGL#borrowing-procedures", "label": "Credit Agreement (Phillips Edison & Company, Inc.)", "score": 36.6687202454, "published": true}, {"hash": "bPz7rplRrXJ", "uri": "/contracts/bPz7rplRrXJ#borrowing-procedures", "label": "Credit Agreement (Phillips Edison & Company, Inc.)", "score": 36.1019859314, "published": true}, {"hash": "2U4CIfkyzzy", "uri": "/contracts/2U4CIfkyzzy#borrowing-procedures", "label": "Credit Agreement (Phillips Edison & Company, Inc.)", "score": 36.0253257751, "published": true}], "size": 155, "snippet_links": [{"key": "each-borrowing", "type": "clause", "offset": [0, 14]}, {"key": "loans-shall", "type": "definition", "offset": [29, 40]}, {"key": "applicable-swing-line-lender", "type": "definition", "offset": [95, 123]}, {"key": "by-telephone", "type": "definition", "offset": [173, 185]}, {"key": "received-by", "type": "definition", "offset": [212, 223]}, {"key": "requested-borrowing-date", "type": "definition", "offset": [318, 342]}, {"key": "amount-to-be-borrowed", "type": "clause", "offset": [370, 391]}, {"key": "minimum-principal-amount", "type": "definition", "offset": [410, 434]}, {"key": "business-day", "type": "definition", "offset": [504, 516]}, {"key": "telephonic-notice", "type": "clause", "offset": [528, 545]}, {"key": "delivery-to-the", "type": "clause", "offset": [576, 591]}, {"key": "swing-line-loan-notice", "type": "definition", "offset": [663, 685]}, {"key": "signed-by", "type": "definition", "offset": [715, 724]}, {"key": "responsible-officer-of-the-borrower", "type": "definition", "offset": [727, 762]}, {"key": "receipt-by-the", "type": "clause", "offset": [856, 870]}, {"key": "in-writing", "type": "clause", "offset": [1025, 1035]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [1154, 1185]}, {"key": "the-request", "type": "clause", "offset": [1373, 1384]}, {"key": "prior-to", "type": "definition", "offset": [1400, 1408]}, {"key": "date-of", "type": "clause", "offset": [1426, 1433]}, {"key": "proposed-borrowing", "type": "clause", "offset": [1438, 1456]}, {"key": "applicable-conditions", "type": "clause", "offset": [1679, 1700]}, {"key": "article-v", "type": "clause", "offset": [1714, 1723]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [1764, 1788]}, {"key": "the-borrowing", "type": "clause", "offset": [1864, 1877]}, {"key": "to-the-borrower", "type": "clause", "offset": [1974, 1989]}], "snippet": "Each Borrowing of Swing Line Loans shall be made upon the Borrower\u2019s irrevocable notice to the applicable Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the applicable Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum principal amount of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the applicable Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower, including a certification that such Borrowing complies with Section 2.04(a). Promptly after receipt by the applicable Swing Line Lender of any telephonic Swing Line Loan Notice, such Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, such Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the applicable Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Borrowing of Swing Line Loans (A) directing a Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the applicable Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower.", "hash": "a5a8a8a1e2dd8d822aa79b9b9eb16987", "id": 9}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1ib3Jyb3dpbmctcHJvY2VkdXJlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 5899, "parents": [["swing-line-loans", "Swing Line Loans"], ["the-commitments-and-credit-extensions", "The Commitments and Credit Extensions"], ["swingline-loans", "Swingline Loans"], ["miscellaneous", "Miscellaneous"], ["commitments-and-credit-extensions", "Commitments and Credit Extensions"]], "children": [["disbursement-of-funds", "Disbursement of Funds"], ["borrowing-requests", "Borrowing Requests"], ["borrowing-procedure", "Borrowing Procedure"], ["notice-to-each-lender", "Notice to Each Lender"], ["non-funding-lenders", "Non-Funding Lenders"]], "title": "Borrowing Procedures", "id": "borrowing-procedures", "related": [["borrowing-procedure", "Borrowing Procedure", "Borrowing Procedure"], ["funding-procedures", "Funding Procedures", "Funding Procedures"], ["borrowing-procedures-and-settlements", "Borrowing Procedures and Settlements", "<strong>Borrowing Procedures</strong> and Settlements"], ["bidding-procedures", "BIDDING PROCEDURES", "BIDDING PROCEDURES"], ["hearing-procedures", "Hearing Procedures", "Hearing Procedures"]], "related_snippets": [], "updated": "2026-04-08T06:04:56+00:00", "also_ask": ["What borrower protections should be mandatory in Borrowing Procedures?", "How can lenders use Borrowing Procedures to limit borrower flexibility?", "What are the most common enforceability challenges to Borrowing Procedures in court?", "How do Borrowing Procedures differ in syndicated versus bilateral loan agreements?", "What drafting errors in Borrowing Procedures most often lead to disputes or defaults?"], "drafting_tip": "Specify notice requirements and approval processes to ensure clarity; define documentation obligations to facilitate compliance.", "explanation": "The Borrowing Procedures clause outlines the specific steps and requirements a borrower must follow to request and obtain funds under a loan agreement. Typically, this includes details such as the form and timing of borrowing requests, any necessary supporting documentation, and conditions that must be satisfied before funds are disbursed. By clearly defining the process, this clause ensures both parties understand how and when funds can be accessed, reducing the risk of misunderstandings or delays in the lending process."}, "json": true, "cursor": ""}}