{"component": "clause", "props": {"groups": [{"samples": [{"hash": "bx2U9mgK4RP", "uri": "/contracts/bx2U9mgK4RP#lender-remedies", "label": "Loan and Security Agreement (ATRM Holdings, Inc.)", "score": 28.7234770705, "published": true}, {"hash": "cemOF4yKQwi", "uri": "/contracts/cemOF4yKQwi#lender-remedies", "label": "Loan and Security Agreement (ATRM Holdings, Inc.)", "score": 27.3709787817, "published": true}, {"hash": "jITAGmcwHsa", "uri": "/contracts/jITAGmcwHsa#lender-remedies", "label": "Loan and Security Agreement (Kush Bottles, Inc.)", "score": 26.8904859685, "published": true}], "snippet_links": [{"key": "the-rights", "type": "clause", "offset": [19, 29]}, {"key": "section-121", "type": "clause", "offset": [56, 68]}, {"key": "default-shall", "type": "definition", "offset": [86, 99]}, {"key": "lender-may", "type": "definition", "offset": [133, 143]}, {"key": "without-notice", "type": "definition", "offset": [145, 159]}, {"key": "letter-of-credit-obligations", "type": 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"continuance-of-an-event-of-default", "type": "clause", "offset": [1857, 1891]}, {"key": "at-lender", "type": "definition", "offset": [1896, 1905]}, {"key": "agrees-to", "type": "clause", "offset": [1943, 1952]}, {"key": "available-to", "type": "definition", "offset": [1989, 2001]}, {"key": "disposition-of-the-collateral", "type": "clause", "offset": [2150, 2179]}, {"key": "right-to-complete", "type": "clause", "offset": [2203, 2220]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [2328, 2346]}, {"key": "no-obligation-to", "type": "clause", "offset": [2431, 2447]}, {"key": "to-maintain", "type": "clause", "offset": [2465, 2476]}, {"key": "rights-of", "type": "definition", "offset": [2493, 2502]}, {"key": "against-third-parties", "type": "clause", "offset": [2523, 2544]}, {"key": "possession-of", "type": "clause", "offset": [2608, 2621]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [2668, 2693]}, {"key": "take-possession", "type": "clause", "offset": [2707, 2722]}, {"key": "without-prior-notice", "type": "clause", "offset": [2802, 2822]}, {"key": "to-the-maximum-extent-permitted-by-applicable-law", "type": "clause", "offset": [2835, 2884]}, {"key": "all-claims", "type": "clause", "offset": [2911, 2921]}, {"key": "employees-of", "type": "clause", "offset": [3005, 3017]}, {"key": "arising-out-of", "type": "definition", "offset": [3030, 3044]}, {"key": "sale-of", "type": "clause", "offset": [3076, 3083]}, {"key": "final-judgment", "type": "definition", "offset": [3134, 3148]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [3154, 3185]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [3219, 3257]}, {"key": "days-prior", "type": "definition", "offset": [3313, 3323]}, {"key": "by-lender", "type": "clause", "offset": [3331, 3340]}, {"key": "party-of-the", "type": "clause", "offset": [3356, 3368]}, {"key": "place-of", "type": "clause", "offset": [3378, 3386]}, {"key": "notification-of", "type": "definition", "offset": [3474, 3489]}, {"key": "sale-or-disposition", "type": "definition", "offset": [3584, 3603]}, {"key": "to-pay", "type": "clause", "offset": [3639, 3645]}, {"key": "cumulative-and-nonexclusive", "type": "clause", "offset": [3750, 3777]}, {"key": "other-rights-and-remedies", "type": "clause", "offset": [3785, 3810]}, {"key": "other-credit", "type": "definition", "offset": [3843, 3855]}, {"key": "collateral-shall", "type": "definition", "offset": [3905, 3921]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [3943, 3971]}, {"key": "subject-to", "type": "definition", "offset": [3991, 4001]}, {"key": "provisions-of-law", "type": "clause", "offset": [4027, 4044]}, {"key": "invalid-or-unenforceable", "type": "clause", "offset": [4155, 4179]}], "snippet": "(a) In addition to the rights and remedies set forth in Section 12.1, if any Event of Default shall have occurred and be continuing, Lender may, without notice, take any one or more of the following actions: (i) require that all Letter of Credit Obligations be fully cash collateralized pursuant to Schedule I; or (ii) exercise any rights and remedies provided to Lender under the Credit Documents or at law or equity, including all remedies provided under the UCC.\n(b) Without limiting the generality of the foregoing, each Credit Party expressly agrees that upon the occurrence of any Event of Default, Lender may take any action necessary to collect, receive, assemble, process, appropriate and realize upon the Collateral, or any part thereof, or appoint a third party to do so and may forthwith sell, lease, assign, give an option or options to purchase or otherwise dispose of and deliver said Collateral (or contract to do so), or any part thereof, in one or more parcels at public or private sale or sales, at any exchange at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. Lender shall have the right upon any such public sale, to the extent permitted by law, to purchase for the benefit of Lender the whole or any part of said Collateral so sold, free of any right of equity of redemption, which right each Credit Party hereby releases. Such sales may be adjourned or continued from time to time with or without notice. Lender shall have the right to conduct such sales on any Corporate Credit Party\u2019s premises or elsewhere and shall have the right to use any Corporate Credit Party\u2019s premises without rent or other charge for such sales or other action with respect to the Collateral for such time as Lender deems necessary or advisable.\n(c) Upon the occurrence and during the continuance of an Event of Default and at Lender\u2019s request, each Credit Party further agrees to assemble the Collateral and make it available to Lender at places which Lender shall reasonably select, whether at its premises or elsewhere. Until Lender is able to effect a sale, lease, or other disposition of the Collateral, Lender shall have the right to complete, assemble, use or operate the Collateral or any part thereof, to the extent that Lender deems appropriate, for the purpose of preserving such Collateral or its value or for any other purpose. Lender shall have no obligation to any Credit Party to maintain or preserve the rights of any Credit Party as against third parties with respect to any Collateral while such Collateral is in the possession of Lender. Lender may, if it so elects, seek the appointment of a receiver or keeper to take possession of any Collateral and to enforce any of Lender\u2019s remedies with respect thereto without prior notice or hearing. To the maximum extent permitted by applicable law, each Credit Party waives all claims, damages, and demands against Lender, its Affiliates, agents, and the officers and employees of any of them arising out of the repossession, retention or sale of any Collateral except such as are determined in a final judgment by a court of competent jurisdiction to have arisen solely out of the gross negligence or willful misconduct of such Person. Each Credit Party agrees that ten (10) days prior notice by Lender to each Credit Party of the time and place of any public sale or of the time after which a private sale may take place is reasonable notification of such matters. Each Credit Party shall remain liable for any deficiency if the proceeds of any sale or disposition of the Collateral are insufficient to pay all amounts to which Lender is entitled.\n(d) Lender\u2019s rights and remedies under this Agreement shall be cumulative and nonexclusive of any other rights and remedies which Lender may have under any other Credit Document or at law or in equity. Recourse to the Collateral shall not be required. All provisions of this Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited, to the extent necessary, so that they do not render this Agreement invalid or unenforceable, in whole or in part.", "size": 40, "hash": "484253329d2511763adffc8da138ce54", "id": 1}, {"samples": [{"hash": "4Ntm1kE9ghR", "uri": "/contracts/4Ntm1kE9ghR#lender-remedies", "label": "Loan and Security Agreement (Endocyte Inc)", "score": 21.9527720739, "published": true}, {"hash": "34N3W9wYYrb", "uri": "/contracts/34N3W9wYYrb#lender-remedies", "label": "Loan and Security Agreement (Endocyte Inc)", "score": 21.7392197125, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "written-request", "type": "definition", "offset": [94, 109]}, {"key": "the-commitments", "type": "clause", "offset": [141, 156]}, {"key": "with-respect-to", "type": "clause", "offset": [157, 172]}, {"key": "term-loans", "type": "definition", "offset": [181, 191]}, {"key": "the-obligations", "type": "clause", "offset": [218, 233]}, {"key": "due-and-payable", "type": "clause", "offset": [252, 267]}, {"key": "notice-to", "type": "definition", "offset": [287, 296]}, {"key": "loan-party", "type": "definition", "offset": [301, 311]}, {"key": "obligations-shall", "type": "definition", "offset": [332, 349]}, {"key": "default-rate", "type": "definition", "offset": [371, 383]}, {"key": "section-26", "type": "clause", "offset": [396, 407]}, {"key": "provided-that", "type": "clause", "offset": [409, 422]}, {"key": "after-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [555, 598]}, {"key": "agent-shall", "type": "definition", "offset": [600, 611]}, {"key": "on-behalf-of", "type": "clause", "offset": [618, 630]}, {"key": "rights-and-remedies-of-a-secured-party", "type": "clause", "offset": [662, 700]}, {"key": "other-applicable-law", "type": "clause", "offset": [730, 750]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [752, 782]}, {"key": "the-required-lenders", "type": "clause", "offset": [845, 865]}, {"key": "account-debtor", "type": "definition", "offset": [888, 902]}, {"key": "payments-to-agent", "type": "clause", "offset": [1003, 1020]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1022, 1040]}, {"key": "legal-process", "type": "definition", "offset": [1083, 1096]}, {"key": "possession-of", "type": "clause", "offset": [1154, 1167]}, {"key": "on-the-premises", "type": "definition", "offset": [1224, 1239]}, {"key": "sell-the-collateral", "type": "clause", "offset": [1245, 1264]}, {"key": "public-or-private-sale", "type": "clause", "offset": [1268, 1290]}, {"key": "right-to-bid", "type": "clause", "offset": [1326, 1338]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [1382, 1402]}, {"key": "in-accordance-with", "type": "definition", "offset": [1493, 1511]}, {"key": "section-84", "type": "clause", "offset": [1512, 1523]}, {"key": "by-agent", "type": "clause", "offset": [1538, 1546]}, {"key": "loan-parties", "type": "definition", "offset": [1548, 1560]}, {"key": "available-to", "type": "definition", "offset": [1612, 1624]}], "snippet": "Upon the occurrence and during the continuance of any Event of Default, Agent may, and at the written request of any Lender shall, terminate the Commitments with respect to further Term Loans and declare any or all of the Obligations to be immediately due and payable, without demand or notice to any Loan Party and the accelerated Obligations shall bear interest at the Default Rate pursuant to Section 2.6, provided that, upon the occurrence of any Event of Default specified in Section 8.1(g) above, the Obligations shall be automatically accelerated. After the occurrence of an Event of Default, Agent shall have (on behalf of itself and Lenders) all of the rights and remedies of a secured party under the UCC, and under any other applicable law. Without limiting the foregoing, Agent shall have the right to, and at the written request of the Required Lenders shall, (a) notify any account debtor of any Loan Party or any obligor on any instrument which constitutes part of the Collateral to make payments to Agent (for the benefit of itself and. Lenders), (b) with or without legal process, enter any premises where the Collateral may be and take possession of and remove the Collateral from the premises or store it on the premises, (c) sell the Collateral at public or private sale, in whole or in part, and have the right to bid and purchase at such sale, or (d) lease or otherwise dispose of all or part of the Collateral, applying proceeds from such disposition to the Obligations in accordance with Section 8.4. If requested by Agent, Loan Parties shall promptly assemble the Collateral and make it available to Agent", "size": 6, "hash": "e578476c2303da9dcedf1acf96ae1b4f", "id": 2}, {"samples": [{"hash": "258TMJ78zxB", "uri": "/contracts/258TMJ78zxB#lender-remedies", "label": "Loan Agreement (Peplin Inc)", "score": 21.0, "published": true}, {"hash": "1TM2mqqB1CD", "uri": "/contracts/1TM2mqqB1CD#lender-remedies", "label": "Loan Agreement (Peplin Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "continuation-of", "type": "clause", "offset": [24, 39]}, {"key": "event-of-default", "type": "definition", "offset": [44, 60]}, {"key": "security-trustee", "type": "definition", "offset": [71, 87]}, {"key": "written-request", "type": "definition", "offset": [104, 119]}, {"key": "requisite-lenders", "type": "clause", "offset": [127, 144]}, {"key": "the-commitments", "type": "clause", "offset": [162, 177]}, {"key": "the-obligations", "type": "clause", "offset": [204, 219]}, {"key": "due-and-payable", "type": "clause", "offset": [238, 253]}, {"key": "notice-to", "type": "definition", "offset": [273, 282]}, {"key": "loan-party", "type": "definition", "offset": [287, 297]}, {"key": "obligations-shall", "type": "definition", "offset": [318, 335]}, {"key": "default-rate", "type": "definition", "offset": [357, 369]}, {"key": "section-26", "type": "clause", "offset": [382, 393]}, {"key": "provided-that", "type": "clause", "offset": [395, 408]}, {"key": "after-the-occurrence-of-an-event", "type": "clause", "offset": [541, 573]}], "snippet": "Upon the occurrence and continuation of any Event of Default, Agent or Security Trustee may, and at the written request of the Requisite Lenders shall, terminate the Commitments and declare any or all of the Obligations to be immediately due and payable, without demand or notice to any Loan Party and the accelerated Obligations shall bear interest at the Default Rate pursuant to Section 2.6, provided that, upon the occurrence of any Event of Default specified in Section 8.1(g) above, the Obligations shall be automatically accelerated. After the occurrence of an Event of", "size": 2, "hash": "235ad64361382405682990c8fbe2d72f", "id": 3}, {"samples": [{"hash": "lUZR0yxIZW4", "uri": "/contracts/lUZR0yxIZW4#lender-remedies", "label": "Bridge Loan Agreement", "score": 31.9282454537, "published": true}], "snippet_links": [{"key": "events-of-default", "type": "definition", "offset": [34, 51]}, {"key": "lender-may", "type": "definition", "offset": [53, 63]}, {"key": "notice-to", "type": "definition", "offset": [68, 77]}, {"key": "obligation-to", "type": "clause", "offset": [103, 116]}, {"key": "the-note", "type": "clause", "offset": [215, 223]}, {"key": "agreement-to-be", "type": "clause", "offset": [287, 302]}, {"key": "due-and-payable", "type": "clause", "offset": [313, 328]}, {"key": "notice-of-any", "type": "clause", "offset": [485, 498]}, {"key": "by-borrower", "type": "clause", "offset": [546, 557]}, {"key": "in-the-event-of", "type": "definition", "offset": [583, 598]}, {"key": "order-for-relief", "type": "clause", "offset": [631, 647]}, {"key": "with-respect-to-borrower", "type": "clause", "offset": [648, 672]}, {"key": "federal-bankruptcy-code", "type": "clause", "offset": [710, 733]}, {"key": "obligation-of-lender", "type": "clause", "offset": [743, 763]}, {"key": "make-advances", "type": "clause", "offset": [767, 780]}, {"key": "the-advances", "type": "clause", "offset": [823, 835]}, {"key": "any-notice", "type": "definition", "offset": [977, 987]}], "snippet": "Upon the occurrence of any of the Events of Default, Lender may, by notice to \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\n(i) declare its obligation to make the Advance to be terminated, whereupon the same shall forthwith terminate, and (ii) declare the Note, all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Note, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly waived by Borrower; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to Borrower or any of its subsidiaries under the Federal Bankruptcy Code, (a) the obligation of Lender to make Advances shall automatically be terminated and (b) the Advances, the Note, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by Borrower.", "size": 2, "hash": "beb476d15a71ef67b58de8528c38c5d7", "id": 4}, {"samples": [{"hash": "53QQLIC6VUA", "uri": "/contracts/53QQLIC6VUA#lender-remedies", "label": "Loan Agreement (Carreker Antinori Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [3, 33]}, {"key": "continuation-of", "type": "clause", "offset": [38, 53]}, {"key": "the-event", "type": "clause", "offset": [86, 95]}, {"key": "default-described", "type": "clause", "offset": [99, 116]}, {"key": "this-agreement", "type": "clause", "offset": [142, 156]}, {"key": "lender-may", "type": "definition", "offset": [159, 169]}, {"key": "principal-of", "type": "definition", "offset": [212, 224]}, {"key": "interest-on-the-notes", "type": "clause", "offset": [240, 261]}, {"key": "other-indebtedness-of-borrower", "type": "clause", "offset": [270, 300]}, {"key": "to-lender", "type": "definition", "offset": [301, 310]}, {"key": "due-and-payable", "type": "clause", "offset": [317, 332]}, {"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [349, 391]}, {"key": "any-action", "type": "definition", "offset": [450, 460]}, {"key": "within-thirty", "type": "clause", "offset": [530, 543]}, {"key": "order-for-relief", "type": "clause", "offset": [582, 598]}, {"key": "of-lender", "type": "clause", "offset": [842, 851]}, {"key": "other-remedies", "type": "clause", "offset": [854, 868]}, {"key": "pledge-agreement", "type": "definition", "offset": [880, 896]}], "snippet": "A. Upon the occurrence and during the continuation of an Event of Default (other than the Event of Default described in subsection 6(D)(2) of this Agreement), Lender may, at its election, declare the outstanding principal of and the unpaid interest on the Notes and any other indebtedness of Borrower to Lender to be due and payable immediately.\nB. Upon the occurrence of an Event of Default described in subsection 6(D)(2) of this Agreement, and if any action referred to in subsection 6(D)(2) of this Agreement is not dismissed within thirty (30) days of the filing thereof or an order for relief is entered sooner, all outstanding principal of and the unpaid interest on the Notes shall be due and payable immediately.\nC. Upon the occurrence and during a continuation of an Event of Default, Lender may, at its election, also exercise any of Lender's other remedies under each Pledge Agreement.", "size": 1, "hash": "321a41c11968161902b68d7fab37aa54", "id": 5}, {"samples": [{"hash": "atgvZReVl4V", "uri": "/contracts/atgvZReVl4V#lender-remedies", "label": "Fourth Amendment Agreement (Shared Technologies Cellular Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "letter-of-credit", "type": "definition", "offset": [50, 66]}, {"key": "the-collateral-agent", "type": "clause", "offset": [152, 172]}, {"key": "to-exercise", "type": "clause", "offset": [173, 184]}, {"key": "the-rights", "type": "clause", "offset": [185, 195]}, {"key": "nothing-contained", "type": "definition", "offset": [228, 245]}, {"key": "the-loan", "type": "clause", "offset": [309, 317]}, {"key": "original-note", "type": "clause", "offset": [337, 350]}, {"key": "other-indebtedness", "type": "clause", "offset": [354, 372]}, {"key": "to-waive-any", "type": "clause", "offset": [404, 416]}, {"key": "the-credit-agreement", "type": "clause", "offset": [432, 452]}, {"key": "right-to-enforce", "type": "clause", "offset": [494, 510]}, {"key": "right-of-collection", "type": "clause", "offset": [518, 537]}, {"key": "with-respect-to", "type": "clause", "offset": [538, 553]}, {"key": "collateral-granted", "type": "clause", "offset": [591, 609]}, {"key": "agreement-or", "type": "definition", "offset": [624, 636]}, {"key": "security-documents", "type": "definition", "offset": [637, 655]}], "snippet": "In the event that there is a draw on the Retained Letter of Credit that is not paid, in full, within five (5) days of date thereof, Citizens may direct the Collateral Agent to exercise the rights in Section X.10 below. However, nothing contained herein shall permit Collateral Agent or Citizens to accelerate the Loan as evidence by the Original Note or other indebtedness owing to Mobile, nor the right to waive any defaults under the Credit Agreement. Mobile agrees that it will not have any right to enforce or any right of collection with respect to the Retained Letter of Credit or the Collateral granted in the Credit Agreement or Security Documents.", "size": 1, "hash": "1ebca9af770c3a4855d82dd1c408cb14", "id": 6}, {"samples": [{"hash": "8Da2lO4ngn", "uri": "/contracts/8Da2lO4ngn#lender-remedies", "label": "Loan and Security Agreement (Codexis Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "event-of-default", "type": "definition", "offset": [27, 43]}, {"key": "written-request", "type": "definition", "offset": [67, 82]}, {"key": "requisite-lenders", "type": "clause", "offset": [90, 107]}, {"key": "the-commitments", "type": "clause", "offset": [125, 140]}, {"key": "with-respect-to", "type": "clause", "offset": [141, 156]}, {"key": "term-loans", "type": "definition", "offset": [165, 175]}, {"key": "the-obligations", "type": "clause", "offset": [202, 217]}, {"key": "due-and-payable", "type": "clause", "offset": [236, 251]}], "snippet": "Upon the occurrence of any Event of Default, Agent may, and at the written request of the Requisite Lenders shall, terminate the Commitments with respect to further Term Loans and declare any or all of the Obligations to be immediately due and payable, without demand or", "size": 1, "hash": "a82dc7dbd72d1cb60828f88ef1eef5d9", "id": 7}, {"samples": [{"hash": "4jiRCGnnqCD", "uri": "/contracts/4jiRCGnnqCD#lender-remedies", "label": "Agreement for Conveyance in Lieu of Foreclosure (National Techteam Inc /De/)", "score": 16.0, "published": true}], "snippet_links": [{"key": "guarantor-breach", "type": "clause", "offset": [19, 35]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [49, 81]}, {"key": "borrower-and-guarantor", "type": "clause", "offset": [83, 105]}, {"key": "remedy-at-law", "type": "clause", "offset": [156, 169]}, {"key": "consent-to", "type": "clause", "offset": [206, 216]}, {"key": "lender-may", "type": "definition", "offset": [235, 245]}, {"key": "mandatory-injunctive-relief", "type": "clause", "offset": [256, 283]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [288, 313]}, {"key": "equitable-remedies", "type": "definition", "offset": [329, 347]}], "snippet": "Should Borrower or Guarantor breach any of their obligations under this Agreement, Borrower and Guarantor both agree that Lender shall not have an adequate remedy at law and, therefore, Borrower and Lender consent to, in such order as Lender may elect:\na. Mandatory injunctive relief.\nb. Appointment of a receiver.\nc. Such other equitable remedies as are necessary to require Borrower or Guarantor to perform its obligations under this Agreement.", "size": 1, "hash": "221562bae162b2218f40491f97ccfac8", "id": 8}, {"samples": [{"hash": "9JbRPg0CDOQ", "uri": "/contracts/9JbRPg0CDOQ#lender-remedies", "label": "Loan Agreement (XOMA Corp)", "score": 23.1984941821, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "written-request", "type": "definition", "offset": [94, 109]}, {"key": "requisite-lenders", "type": "clause", "offset": [117, 134]}, {"key": "the-commitments", "type": "clause", "offset": [152, 167]}, {"key": "the-obligations", "type": "clause", "offset": [194, 209]}, {"key": "due-and-payable", "type": "clause", "offset": [228, 243]}, {"key": "notice-to", "type": "definition", "offset": [263, 272]}, {"key": "loan-party", "type": "definition", "offset": [277, 287]}, {"key": "obligations-shall", "type": "definition", "offset": [308, 325]}, {"key": "default-rate", "type": "definition", "offset": [347, 359]}, {"key": "pursuant-to-section", "type": "definition", "offset": [360, 379]}, {"key": "provided-that", "type": "clause", "offset": [385, 398]}, {"key": "after-the-occurrence-and-during-the-continuance-of-an-event-of-default", "type": "clause", "offset": [531, 601]}, {"key": "agent-shall", "type": "definition", "offset": [603, 614]}, {"key": "on-behalf-of", "type": "clause", "offset": [621, 633]}, {"key": "rights-and-remedies-of-a-secured-party", "type": "clause", "offset": [665, 703]}, {"key": "other-applicable-law", "type": "clause", "offset": [733, 753]}], "snippet": "Upon the occurrence and during the continuance of any Event of Default, Agent may, and at the written request of the Requisite Lenders shall, terminate the Commitments and declare any or all of the Obligations to be immediately due and payable, without demand or notice to any Loan Party and the accelerated Obligations shall bear interest at the Default Rate pursuant to Section 2.5, provided that, upon the occurrence of any Event of Default specified in Section 8.1(g) above, the Obligations shall be automatically accelerated. After the occurrence and during the continuance of an Event of Default, Agent shall have (on behalf of itself and Lenders) all of the rights and remedies of a secured party under the UCC, and under any other applicable law.", "size": 1, "hash": "d61a6f871c281c273844551749ab122d", "id": 9}, {"samples": [{"hash": "3LYJUreZysa", "uri": "/contracts/3LYJUreZysa#lender-remedies", "label": "Promissory Note (Fleetwood Enterprises Inc/De/)", "score": 21.0, "published": true}], "snippet_links": [{"key": "lender-may", "type": "definition", "offset": [0, 10]}, {"key": "liability-and-obligation", "type": "clause", "offset": [23, 47]}, {"key": "the-obligations", "type": "clause", "offset": [87, 102]}, {"key": "contained-in", "type": "definition", "offset": [103, 115]}, {"key": "this-note", "type": "clause", "offset": [116, 125]}, {"key": "foreclosure-action", "type": "definition", "offset": [140, 158]}, {"key": "specific-performance", "type": "clause", "offset": [174, 194]}, {"key": "action-or-proceeding", "type": "clause", "offset": [220, 240]}, {"key": "all-rights", "type": "clause", "offset": [294, 304]}, {"key": "the-deed-of-trust", "type": "clause", "offset": [324, 341]}, {"key": "other-document", "type": "clause", "offset": [349, 363]}, {"key": "relating-to", "type": "definition", "offset": [393, 404]}, {"key": "the-loan", "type": "clause", "offset": [405, 413]}, {"key": "in-respect-of", "type": "clause", "offset": [484, 497]}, {"key": "the-property", "type": "clause", "offset": [498, 510]}, {"key": "other-collateral", "type": "clause", "offset": [519, 535]}, {"key": "to-lender", "type": "definition", "offset": [542, 551]}], "snippet": "Lender may enforce the liability and obligation of FLE Borrower to perform and observe the obligations contained in this Note by bringing a foreclosure action, an action for specific performance or any other appropriate action or proceeding at law or equity to enable Lender to enforce any and all rights under this Note or the Deed of Trust or any other document, instrument and/or agreement relating to the Loan, against FLE Borrower and/or any guarantor, and/or indemnitor, and/or in respect of the Property and any other collateral given to Lender pursuant hereto or the Deed of Trust.", "size": 1, "hash": "5cdbe69bf224dcab976bb081237342c1", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhsZW5kZXItcmVtZWRpZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Lender Remedies", "children": [["protective-advances", "Protective Advances"], ["remedies-cumulative-no-waiver", "Remedies Cumulative; No Waiver"], ["acceleration", "Acceleration"], ["right-to-\u2587\u2587\u2587", "Right to \u2587\u2587\u2587"], ["ucc-foreclosure-and-other-rights", "UCC Foreclosure and Other Rights"]], "parents": [["default-and-remedies", "Default and Remedies"], ["events-of-default", "Events of Default"], ["miscellaneous", "Miscellaneous"], ["general-provisions", "General Provisions"], ["events-of-default-remedies", "Events of Default Remedies"]], "size": 62, "id": "lender-remedies", "related": [["waiver-remedies", "Waiver; Remedies", "Waiver; Remedies"], ["lenders-remedies", "Lender\u2019s Remedies", "Lender\u2019s Remedies"], ["ucc-remedies", "UCC Remedies", "UCC Remedies"], ["other-remedies", "Other Remedies", "Other Remedies"], ["specific-remedies", "Specific Remedies", "Specific Remedies"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00", "also_ask": ["What remedies are essential for the lender to ensure effective recourse in default?", "How can the scope of lender remedies be negotiated to balance borrower protections?", "What are the most common pitfalls or unenforceable provisions in lender remedies clauses?", "How do lender remedies differ across jurisdictions or under different governing laws?", "What standards do courts apply to determine if lender remedies are enforceable or unconscionable?"], "drafting_tip": "Specify available remedies, outline enforcement procedures, and clarify limitations to ensure clarity, prevent disputes, and maintain enforceability.", "explanation": "The Lender Remedies clause defines the actions and rights available to a lender if a borrower defaults on a loan agreement. Typically, this clause outlines steps such as demanding immediate repayment, seizing collateral, or pursuing legal action to recover outstanding amounts. Its core practical function is to provide the lender with clear, enforceable options to protect their financial interests and ensure repayment in the event of a breach by the borrower."}, "json": true, "cursor": ""}}