{"component": "clause", "props": {"groups": [{"snippet": "The Borrowers shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Business Days prior to the Drawdown Date of any portion of the Loans if all or any portion of the Loans is to bear interest at the LIBOR Rate. After any portion of the Loans has initially been made, the provisions of Sections 2.3.1 and 2.3.2 shall apply mutatis mutandis with respect to such portion of the Loans so that the Borrowers may have the same interest rate options with respect to such portion of the Loans outstanding from time to time.", "size": 5, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [20, 51]}, {"key": "notice-to", "type": "definition", "offset": [58, 67]}, {"key": "prior-to-the", "type": "clause", "offset": [117, 129]}, {"key": "date-of", "type": "clause", "offset": [139, 146]}, {"key": "the-loans", "type": "clause", "offset": [162, 171]}, {"key": "libor-rate", "type": "clause", "offset": [234, 244]}, {"key": "the-provisions-of", "type": "clause", "offset": [302, 319]}, {"key": "with-respect-to", "type": "clause", "offset": [374, 389]}, {"key": "interest-rate-options", "type": "definition", "offset": [456, 477]}, {"key": "loans-outstanding", "type": "clause", "offset": [514, 531]}, {"key": "from-time-to-time", "type": "clause", "offset": [532, 549]}], "samples": [{"hash": "6IU6NFxQmub", "uri": "/contracts/6IU6NFxQmub#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Centerline Holding Co)", "score": 21.1889117043, "published": true}, {"hash": "fBv4dhSWHRg", "uri": "/contracts/fBv4dhSWHRg#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Centerline Holding Co)", "score": 21.0, "published": true}, {"hash": "1AkYIFFcxKu", "uri": "/contracts/1AkYIFFcxKu#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Centerline Holding Co)", "score": 21.0, "published": true}], "hash": "fe804b1a8456b73c62f07ba4516bfdf7", "id": 1}, {"snippet": "The Borrowers shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of Section 2.8 shall apply MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrowers may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.", "size": 5, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [20, 51]}, {"key": "notice-to", "type": "definition", "offset": [58, 67]}, {"key": "prior-to-the", "type": "clause", "offset": [128, 140]}, {"key": "date-of", "type": "clause", "offset": [150, 157]}, {"key": "the-term-loan", "type": "clause", "offset": [158, 171]}, {"key": "eurodollar-rate", "type": "clause", "offset": [238, 253]}, {"key": "after-the-term", "type": "clause", "offset": [255, 269]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [290, 315]}, {"key": "with-respect-to", "type": "clause", "offset": [349, 364]}, {"key": "interest-rate-options", "type": "definition", "offset": [441, 462]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [558, 584]}], "samples": [{"hash": "dJQQCtL3SlZ", "uri": "/contracts/dJQQCtL3SlZ#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Iesi Tx Corp)", "score": 16.0, "published": true}], "hash": "fb74aa566d3f99a86eb21f9447fcd331", "id": 2}, {"snippet": "The Borrowers shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan (or any portion thereof). After the Term Loan has been made, the provisions of ss.2.5 shall apply MUTATis MUTANDis with respect to all or any portion of the Term Loan so that the Borrowers may have the same Eurodollar interest rate options with respect to all or any portion of the Term Loan as they would be entitled to with respect to the Revolving Credit Loans, PROVIDED, HOWEVER, the Borrowers will have no more than twenty (20) different maturities of Eurodollar Loans (whether Revolving Credit Loans or a portion of the Term Loan) outstanding at any time. In the event that the Borrowers fail to give the Administrative Agent notice with respect to the continuation of any Eurodollar Loan hereunder within three (3) days prior to the expiration of the Interest Period relating thereto, then such Eurodollar Loan shall be converted to a Base Rate Loan.", "size": 5, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [20, 51]}, {"key": "notice-to", "type": "definition", "offset": [58, 67]}, {"key": "prior-to-the", "type": "clause", "offset": [128, 140]}, {"key": "date-of", "type": "clause", "offset": [150, 157]}, {"key": "the-term-loan", "type": "clause", "offset": [158, 171]}, {"key": "after-the-term", "type": "clause", "offset": [198, 212]}, {"key": "the-provisions-of", "type": "clause", "offset": [233, 250]}, {"key": "with-respect-to", "type": "clause", "offset": [287, 302]}, {"key": "interest-rate-options", "type": "definition", "offset": [390, 411]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [509, 535]}, {"key": "eurodollar-loans", "type": "clause", "offset": [629, 645]}, {"key": "a-portion", "type": "definition", "offset": [681, 690]}, {"key": "at-any-time", "type": "clause", "offset": [721, 732]}, {"key": "in-the-event", "type": "clause", "offset": [734, 746]}, {"key": "administrative-agent-notice", "type": "clause", "offset": [783, 810]}, {"key": "continuation-of", "type": "clause", "offset": [831, 846]}, {"key": "interest-period", "type": "definition", "offset": [930, 945]}, {"key": "loan-shall", "type": "definition", "offset": [985, 995]}, {"key": "base-rate-loan", "type": "definition", "offset": [1014, 1028]}], "samples": [{"hash": "3ttcFgNiLiW", "uri": "/contracts/3ttcFgNiLiW#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Nationsrent Inc)", "score": 18.0, "published": true}], "hash": "b2ca138e6b8b3b23897f4aac9b445bc3", "id": 3}, {"snippet": "Each Borrower will promptly give Notice to Administrative Agent of the occurrence of any Default or Potential Default hereunder or under any of the other Loan Documents. Each Borrower will also promptly give Notice to Administrative Agent of any claim of a default by such Borrower, or any claim by such Borrower of a default by any other party, under any property management contract or any Lease.", "size": 3, "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [5, 18]}, {"key": "notice-to-administrative-agent", "type": "clause", "offset": [33, 63]}, {"key": "default-hereunder", "type": "clause", "offset": [110, 127]}, {"key": "other-loan-documents", "type": "definition", "offset": [148, 168]}, {"key": "default-by", "type": "clause", "offset": [257, 267]}, {"key": "other-party", "type": "definition", "offset": [333, 344]}, {"key": "property-management-contract", "type": "clause", "offset": [356, 384]}, {"key": "any-lease", "type": "definition", "offset": [388, 397]}], "samples": [{"hash": "j1Ij4AyUdur", "uri": "/contracts/j1Ij4AyUdur#notification-by-borrowers", "label": "Loan Agreement (KBS Real Estate Investment Trust III, Inc.)", "score": 33.2436687201, "published": true}, {"hash": "iCEigBbNnqH", "uri": "/contracts/iCEigBbNnqH#notification-by-borrowers", "label": "Loan Agreement (KBS Real Estate Investment Trust II, Inc.)", "score": 29.3504449008, "published": true}, {"hash": "hU64t9rmR88", "uri": "/contracts/hU64t9rmR88#notification-by-borrowers", "label": "Loan Agreement (KBS Real Estate Investment Trust III, Inc.)", "score": 29.180698152, "published": true}], "hash": "1d82e1007d7b05c62ad308fef0c27e11", "id": 4}, {"snippet": "Each Borrower will promptly give Notice to Lender of the occurrence of any Default or Event of Default hereunder or under any of the other Loan Documents. Each Borrower will also promptly give Notice to Lender of any claim of a default by such Borrower, or any claim by such Borrower of a default by any other party, under any property management contract or any Lease.", "size": 3, "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [5, 18]}, {"key": "notice-to-lender", "type": "clause", "offset": [33, 49]}, {"key": "default-hereunder", "type": "clause", "offset": [95, 112]}, {"key": "other-loan-documents", "type": "definition", "offset": [133, 153]}, {"key": "default-by", "type": "clause", "offset": [228, 238]}, {"key": "other-party", "type": "definition", "offset": [304, 315]}, {"key": "property-management-contract", "type": "clause", "offset": [327, 355]}, {"key": "any-lease", "type": "definition", "offset": [359, 368]}], "samples": [{"hash": "BskOE6nBOF", "uri": "/contracts/BskOE6nBOF#notification-by-borrowers", "label": "Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.)", "score": 24.6002737851, "published": true}, {"hash": "2Qu6xL59BEY", "uri": "/contracts/2Qu6xL59BEY#notification-by-borrowers", "label": "Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.)", "score": 24.6002737851, "published": true}, {"hash": "2dWf8RM1OAp", "uri": "/contracts/2dWf8RM1OAp#notification-by-borrowers", "label": "Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)", "score": 24.5345653662, "published": true}], "hash": "f1c5446dc4a948e0878ef06edb6fae80", "id": 5}, {"snippet": "The Borrowers shall notify the Administrative Agent, such notice to be prepared and signed by a Responsible Officer of each Borrower and irrevocable, at least four (4) LIBOR Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest with reference to the LIBOR Rate. After the Term Loan has been made, the provisions of \u00a72.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrowers may have the same interest rate options (but not the same Interest Period options) with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans (with the understanding that the interest rate with respect to the Term Loan shall be as set forth in \u00a74.5.1).", "size": 2, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [20, 51]}, {"key": "notice-to", "type": "definition", "offset": [58, 67]}, {"key": "be-prepared", "type": "clause", "offset": [68, 79]}, {"key": "signed-by", "type": "clause", "offset": [84, 93]}, {"key": "responsible-officer", "type": "definition", "offset": [96, 115]}, {"key": "each-borrower", "type": "clause", "offset": [119, 132]}, {"key": "prior-to-the", "type": "clause", "offset": [188, 200]}, {"key": "date-of", "type": "clause", "offset": [210, 217]}, {"key": "the-term-loan", "type": "clause", "offset": [218, 231]}, {"key": "with-reference-to", "type": "clause", "offset": [291, 308]}, {"key": "libor-rate", "type": "clause", "offset": [313, 323]}, {"key": "after-the-term", "type": "clause", "offset": [325, 339]}, {"key": "the-provisions-of", "type": "clause", "offset": [360, 377]}, {"key": "with-respect-to", "type": "clause", "offset": [412, 427]}, {"key": "interest-rate-options", "type": "definition", "offset": [504, 525]}, {"key": "interest-period-options", "type": "clause", "offset": [544, 567]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [664, 690]}, {"key": "the-understanding", "type": "clause", "offset": [697, 714]}, {"key": "the-interest-rate", "type": "clause", "offset": [720, 737]}, {"key": "loan-shall", "type": "definition", "offset": [763, 773]}], "samples": [{"hash": "9Veh0tT2Fx7", "uri": "/contracts/9Veh0tT2Fx7#notification-by-borrowers", "label": "Credit Agreement (Crystal Rock Holdings, Inc.)", "score": 26.4510609172, "published": true}], "hash": "222ad1f1856f84f4b405cb8caa7e4a0d", "id": 6}, {"snippet": "The Borrowers shall notify the Administrative Agent, such notice to be irrevocable, at least four (4) LIBOR Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan in excess of the Minimum One Month LIBOR Amount is to bear interest with reference to the LIBOR Rate. After the Term Loan has been made, the provisions of \u00a72.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrowers may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans (with the understanding that the interest rate with respect to the Term Loan shall be as set forth in \u00a74.5.1); provided, that an amount equal to the Minimum One Month LIBOR Amount shall at all times be LIBOR Rate Loans with Interest Periods of one month, except to the extent that this Credit Agreement provides (other than by request of the Borrowers) for such Loans to become Base Rate Loans, and the Borrowers shall not have the right to request Interest Periods other than one month with respect to the Minimum One Month LIBOR Amount.", "size": 2, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [20, 51]}, {"key": "notice-to", "type": "definition", "offset": [58, 67]}, {"key": "prior-to-the", "type": "clause", "offset": [122, 134]}, {"key": "date-of", "type": "clause", "offset": [144, 151]}, {"key": "the-term-loan", "type": "clause", "offset": [152, 165]}, {"key": "libor-amount", "type": "definition", "offset": [240, 252]}, {"key": "with-reference-to", "type": "clause", "offset": [273, 290]}, {"key": "after-the-term", "type": "clause", "offset": [307, 321]}, {"key": "the-provisions-of", "type": "clause", "offset": [342, 359]}, {"key": "with-respect-to", "type": "clause", "offset": [394, 409]}, {"key": "interest-rate-options", "type": "definition", "offset": [486, 507]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [603, 629]}, {"key": "the-understanding", "type": "clause", "offset": [636, 653]}, {"key": "the-interest-rate", "type": "clause", "offset": [659, 676]}, {"key": "loan-shall", "type": "definition", "offset": [702, 712]}, {"key": "equal-to", "type": "definition", "offset": [766, 774]}, {"key": "at-all-times", "type": "definition", "offset": [816, 828]}, {"key": "libor-rate-loans", "type": "definition", "offset": [832, 848]}, {"key": "periods-of", "type": "clause", "offset": [863, 873]}, {"key": "except-to-the-extent", "type": "clause", "offset": [885, 905]}, {"key": "this-credit-agreement", "type": "clause", "offset": [911, 932]}, {"key": "loans-to", "type": "clause", "offset": [992, 1000]}, {"key": "base-rate-loans", "type": "clause", "offset": [1008, 1023]}, {"key": "right-to-request", "type": "clause", "offset": [1062, 1078]}], "samples": [{"hash": "jliKprUyG52", "uri": "/contracts/jliKprUyG52#notification-by-borrowers", "label": "Credit Agreement (Vermont Pure Holdings LTD/De)", "score": 21.2683093771, "published": true}], "hash": "ae020ecfad499bd08895ad69ea1bc051", "id": 7}, {"snippet": "29 3.6.3. AMOUNTS, ETC...................................................................30 SECTION 4.", "size": 2, "snippet_links": [{"key": "section-4", "type": "definition", "offset": [92, 101]}], "samples": [{"hash": "8uig5ZQU8gK", "uri": "/contracts/8uig5ZQU8gK#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Nationsrent Inc)", "score": 18.0, "published": true}], "hash": "8ac2b9b6b8f056fffb652324ab073233", "id": 8}, {"snippet": "The following notifications:\n(i) promptly upon any Borrower\u2019s learning thereof, any material determination in all litigation and all proceedings before any Governmental Authority affecting Borrowers, any other Credit Party or the Mortgaged Property (or any portion thereof);\n(ii) promptly upon the occurrence thereof (x) of any material change in any material fact or circumstance represented or warranted in this Agreement or any of the other Loan Documents, and of any other fact or circumstance, which might materially interfere with or adversely affect any Credit Party, the operation of the Mortgaged Property (or any portion thereof) or the ownership of any of the other Collateral, and (y) of any Default that is likely not to be cured within thirty (30) days after the occurrence thereof and of any Event of Default;\n(iii) within five (5) Business Days after the occurrence thereof, of any acceleration of any material Indebtedness of any Borrower;\n(iv) within ten (10) Business Days after the occurrence thereof, of any name change or change in Fiscal Year for any Borrower or any Guarantor;\n(v) within ten (10) Business Days after the occurrence thereof, a copy of any material amendment to any Organizational Document of any Credit Party;\n(vi) within five (5) Business Days after the delivery thereof, a copy of any material notice sent or received under Borrower\u2019s Organizational Documents;\n(vii) any receipt or delivery of a notice of, or the actual knowledge of any Borrower of, a default or failure by any Person to perform any of its obligations under the Permitted Encumbrances, any Material Agreements, any Management Agreement, or any other material agreement, contract or other instrument to which such Borrower is a party or by which any of its properties are bound which would reasonably be likely to have a Material Adverse Effect;\n(viii) within five (5) Business Days after receipt of notice of the same from any Person, any suit, litigation, action, proceeding or any material adverse claim against or affecting any Borrower, the Mortgaged Property, any of the Collateral or the Liens securing the Obligations which, if adversely determined, would be reasonably likely to have a Material Adverse Effect;\n(ix) within ten (10) Business Days after the occurrence thereof, any fire or other Casualty or Taking of any portion of the Mortgaged Property;\n(x) promptly after the commencement thereof by any Borrower, any landlord/tenant litigation against any Lessee under a Material Lease or any other material landlord/tenant litigation against any Lessee;\n(xi) within ten (10) Business Days after any Borrower\u2019s knowledge thereof, notice of (y) the incurrence by any Borrower of any liability, or the occurrence of any event or action that could reasonably be expected to cause such Borrower to incur any liability, (1) with respect to any Pension Plan, including any liability under Section 412 of the Code or Title IV of ERISA, or (2) on account of a partial or complete withdrawal (as such terms are defined in Section 4203 and 4205 of ERISA, respectively) from, or unpaid contributions to, any Multiemployer Plan, or the termination or 49289660 insolvency of any such Multiemployer Plan, or (z) a Borrower\u2019s engaging in any transaction in connection with which it could reasonably be expected to be subject to either a material civil penalty assessed pursuant to Section 502(i) of ERISA or a material tax imposed under Section 4975 of the Code, which notice shall include a copy of any report or notice that Borrower receive from, or file with, the Internal Revenue Service, the PBGC or the U.S. Department of Labor, a Pension Plan or a Multiemployer Plan concerning such event, or a description thereof if no such written report or notice is received or filed;", "size": 1, "snippet_links": [{"key": "governmental-authority", "type": "definition", "offset": [156, 178]}, {"key": "credit-party", "type": "clause", "offset": [210, 222]}, {"key": "promptly-upon-the", "type": "clause", "offset": [280, 297]}, {"key": "material-change", "type": "definition", "offset": [328, 343]}, {"key": "material-fact", "type": "clause", "offset": [351, 364]}, {"key": "agreement-or", "type": "definition", "offset": [414, 426]}, {"key": "other-loan-documents", "type": "definition", "offset": [438, 458]}, {"key": "adversely-affect", "type": "definition", "offset": [540, 556]}, {"key": "operation-of-the-mortgaged-property", "type": "clause", "offset": [579, 614]}, {"key": "ownership-of", "type": "clause", "offset": [647, 659]}, {"key": "other-collateral", "type": "clause", "offset": [671, 687]}, {"key": "is-likely", "type": "definition", "offset": [717, 726]}, {"key": "within-thirty", "type": "clause", "offset": [743, 756]}, {"key": "days-after", "type": "definition", "offset": [762, 772]}, {"key": "event-of-default", "type": "definition", "offset": [807, 823]}, {"key": "business-days", "type": "clause", "offset": [847, 860]}, {"key": "indebtedness-of-any", "type": "clause", "offset": [927, 946]}, {"key": "name-change", "type": "definition", "offset": [1029, 1040]}, {"key": "change-in-fiscal-year", "type": "clause", "offset": [1044, 1065]}, {"key": "a-copy-of", "type": "clause", "offset": [1165, 1174]}, {"key": "amendment-to", "type": "definition", "offset": [1188, 1200]}, {"key": "the-delivery", "type": "clause", "offset": [1291, 1303]}, {"key": "material-notice", "type": "definition", "offset": [1327, 1342]}, {"key": "organizational-documents", "type": "clause", "offset": [1377, 1401]}, {"key": "a-notice", "type": "definition", "offset": [1436, 1444]}, {"key": "knowledge-of", "type": "clause", "offset": [1463, 1475]}, {"key": "a-default", "type": "definition", "offset": [1493, 1502]}, {"key": "failure-by", "type": "clause", "offset": [1506, 1516]}, {"key": "any-person", "type": "definition", "offset": [1517, 1527]}, {"key": "obligations-under-the", "type": "clause", "offset": [1550, 1571]}, {"key": "permitted-encumbrances", "type": "definition", "offset": [1572, 1594]}, {"key": "material-agreements", "type": "definition", "offset": [1600, 1619]}, {"key": "management-agreement", "type": "definition", "offset": [1625, 1645]}, {"key": "other-material", "type": "definition", "offset": [1654, 1668]}, {"key": "a-party", "type": "clause", "offset": [1735, 1742]}, {"key": "likely-to-have", "type": "clause", "offset": [1813, 1827]}, {"key": "material-adverse-effect", "type": "definition", "offset": [1830, 1853]}, {"key": "notice-of-the", "type": "clause", "offset": [1909, 1922]}, {"key": "adverse-claim", "type": "definition", "offset": [2002, 2015]}, {"key": "the-collateral", "type": "definition", "offset": [2082, 2096]}, {"key": "liens-securing", "type": "clause", "offset": [2104, 2118]}, {"key": "the-obligations", "type": "clause", "offset": [2119, 2134]}, {"key": "reasonably-likely", "type": "definition", "offset": [2176, 2193]}, {"key": "casualty-or-taking", "type": "clause", "offset": [2312, 2330]}, {"key": "material-lease", "type": "definition", "offset": [2492, 2506]}, {"key": "could-reasonably-be-expected-to", "type": "definition", "offset": [2760, 2791]}, {"key": "with-respect-to", "type": "clause", "offset": [2840, 2855]}, {"key": "pension-plan", "type": "definition", "offset": [2860, 2872]}, {"key": "section-412", "type": "clause", "offset": [2904, 2915]}, {"key": "the-code", "type": "clause", "offset": [2919, 2927]}, {"key": "title-iv-of-erisa", "type": "clause", "offset": [2931, 2948]}, {"key": "partial-or-complete-withdrawal", "type": "clause", "offset": [2973, 3003]}, {"key": "defined-in-section", "type": "clause", "offset": [3023, 3041]}, {"key": "contributions-to", "type": "clause", "offset": [3096, 3112]}, {"key": "multiemployer-plan", "type": "clause", "offset": [3118, 3136]}, {"key": "the-termination", "type": "clause", "offset": [3141, 3156]}, {"key": "engaging-in", "type": "definition", "offset": [3232, 3243]}, {"key": "in-connection-with", "type": "clause", "offset": [3260, 3278]}, {"key": "subject-to", "type": "definition", "offset": [3323, 3333]}, {"key": "civil-penalty", "type": "definition", "offset": [3352, 3365]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3375, 3394]}, {"key": "tax-imposed", "type": "clause", "offset": [3425, 3436]}, {"key": "the-internal-revenue-service", "type": "definition", "offset": [3569, 3597]}, {"key": "the-us", "type": "clause", "offset": [3611, 3618]}, {"key": "department-of-labor", "type": "clause", "offset": [3620, 3639]}, {"key": "a-pension", "type": "clause", "offset": [3641, 3650]}, {"key": "written-report", "type": "definition", "offset": [3739, 3753]}], "samples": [{"hash": "j6uirsMQUcN", "uri": "/contracts/j6uirsMQUcN#notification-by-borrowers", "label": "Loan Agreement (Creative Media & Community Trust Corp)", "score": 33.9404517454, "published": true}], "hash": "2a141b2f7e67497ebedf7e9121cc84a8", "id": 9}, {"snippet": "The Borrowers shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan (or any portion thereof). After the Term Loan has been made, the provisions of SECTION 2.5 shall apply MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrowers may have the same Eurodollar interest rate option with respect to all or any portion of the Term Loan as they would be entitled to with respect to the Revolving Credit Loans, PROVIDED, HOWEVER, the Borrowers will have no more than 5 different maturities of Eurodollar Loans (whether Revolving Credit Loans or a portion of the Term Loan) outstanding at any time.", "size": 1, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [20, 51]}, {"key": "notice-to", "type": "definition", "offset": [58, 67]}, {"key": "prior-to-the", "type": "clause", "offset": [128, 140]}, {"key": "date-of", "type": "clause", "offset": [150, 157]}, {"key": "the-term-loan", "type": "clause", "offset": [158, 171]}, {"key": "after-the-term", "type": "clause", "offset": [198, 212]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [233, 258]}, {"key": "with-respect-to", "type": "clause", "offset": [292, 307]}, {"key": "interest-rate-option", "type": "clause", "offset": [395, 415]}, {"key": "the-revolving-credit-loans", "type": "clause", "offset": [513, 539]}, {"key": "eurodollar-loans", "type": "clause", "offset": [623, 639]}, {"key": "a-portion", "type": "definition", "offset": [675, 684]}, {"key": "at-any-time", "type": "clause", "offset": [715, 726]}], "samples": [{"hash": "8uig5ZQU8gK", "uri": "/contracts/8uig5ZQU8gK#notification-by-borrowers", "label": "Revolving Credit and Term Loan Agreement (Nationsrent Inc)", "score": 18.0, "published": true}], "hash": "ddfbcaf038ece5dcb1ef965ce3141f85", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJub3RpZmljYXRpb24tYnktYm9ycm93ZXJzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [], "size": 31, "title": "Notification by Borrowers", "parents": [["interest-on-term-loan", "Interest on Term Loan"], ["the-term-loan", "The Term Loan"], ["affirmative-covenants-and-agreements", "Affirmative Covenants and Agreements"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["types-of-loans-conversion-and-continuation-options", "Types of Loans Conversion and Continuation Options"]], "id": "notification-by-borrowers", "related": [["termination-by-borrowers", "Termination by Borrowers", "Termination by Borrowers"], ["termination-by-borrower", "Termination by Borrower", "Termination by Borrower"], ["waivers-by-borrowers", "Waivers by Borrowers", "Waivers by Borrowers"], ["indemnification-by-borrowers", "Indemnification by Borrowers", "Indemnification by Borrowers"], ["payments-by-borrowers-presumptions-by-administrative-agent", "Payments by Borrowers; Presumptions by Administrative Agent", "Payments by Borrowers; Presumptions by Administrative Agent"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Notification by Borrowers' clause requires borrowers to formally inform the lender about specific events, changes, or circumstances relevant to the loan agreement. Typically, this includes notifying the lender of any breaches, material changes in financial condition, or other significant developments that could affect the borrower's ability to meet its obligations. By mandating timely communication, this clause ensures the lender is kept aware of potential risks or issues, enabling proactive management and safeguarding of the lender's interests."}, "json": true, "cursor": ""}}