{"component": "clause", "props": {"groups": [{"size": 6135, "samples": [{"hash": "2OL1gzEsyg2", "uri": "/contracts/2OL1gzEsyg2#payments", "label": "364 Day Delayed Draw Term Loan Credit Agreement (Merck & Co., Inc.)", "score": 37.2628326416, "published": true}, {"hash": "15tXjNWflEV", "uri": "/contracts/15tXjNWflEV#payments", "label": "Credit Agreement (Cipher Digital Inc.)", "score": 37.2272415161, "published": true}, {"hash": "bpmPzRFTpWF", "uri": "/contracts/bpmPzRFTpWF#payments", "label": "364 Day Revolving Credit Agreement (General Motors Financial Company, Inc.)", "score": 37.2217674255, "published": true}], "snippet_links": [{"key": "from-and-after-the-effective-date", "type": "clause", "offset": [0, 33]}, {"key": "agent-shall", "type": "definition", "offset": [54, 65]}, {"key": "in-respect-of", "type": "definition", "offset": [84, 97]}, {"key": "assigned-interest", "type": "clause", "offset": [102, 119]}, {"key": "payments-of-principal", "type": "definition", "offset": [131, 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Inc.)", "score": 37.2217674255, "published": true}], "snippet_links": [{"key": "all-amounts-due", "type": "clause", "offset": [0, 15]}], "snippet": "All amounts due under this Section shall be payable promptly after demand therefor.", "hash": "04efd90a406ee775c548052b20aed9a1", "id": 4}, {"size": 2435, "samples": [{"hash": "bRfO5XzHYNO", "uri": "/contracts/bRfO5XzHYNO#payments", "label": "Tips Vendor Agreement", "score": 35.1385040283, "published": true}, {"hash": "eivUnU6P5Cc", "uri": "/contracts/eivUnU6P5Cc#payments", "label": "Tips Vendor Agreement", "score": 34.8733024597, "published": true}, {"hash": "aQi8CWhRB1z", "uri": "/contracts/aQi8CWhRB1z#payments", "label": "Tips Vendor Agreement", "score": 34.3333435059, "published": true}], "snippet_links": [{"key": "make-payments", "type": "clause", "offset": [21, 34]}, {"key": "the-vendor-and-the", "type": "clause", "offset": [102, 120]}, {"key": "after-receiving", "type": "clause", "offset": [133, 148]}, {"key": "applicable-payment", 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[1198, 1213]}, {"key": "member-entity", "type": "definition", "offset": [1224, 1237]}, {"key": "monthly-basis", "type": "clause", "offset": [1277, 1290]}, {"key": "days-of-receipt", "type": "clause", "offset": [1324, 1339]}, {"key": "in-writing", "type": "definition", "offset": [1407, 1417]}, {"key": "signed-by", "type": "definition", "offset": [1422, 1431]}, {"key": "authorized-signatory", "type": "definition", "offset": [1435, 1455]}, {"key": "awarded-vendor", "type": "clause", "offset": [1479, 1493]}, {"key": "amount-of-payment", "type": "clause", "offset": [1543, 1560]}, {"key": "fees-due", "type": "clause", "offset": [1690, 1698]}, {"key": "all-sales", "type": "clause", "offset": [1864, 1873]}, {"key": "public-entity", "type": "clause", "offset": [1914, 1927]}, {"key": "a-purchase", "type": "definition", "offset": [1938, 1948]}, {"key": "duty-of", "type": "clause", "offset": [2075, 2082]}, {"key": "to-verify", "type": "definition", "offset": [2094, 2103]}, {"key": "the-vendor-must", "type": "clause", "offset": [2173, 2188]}, {"key": "contract-number", "type": "definition", "offset": [2206, 2221]}, {"key": "sales-documents", "type": "definition", "offset": [2256, 2271]}, {"key": "vendor-portal", "type": "definition", "offset": [2362, 2375]}, {"key": "click-on", "type": "clause", "offset": [2432, 2440]}, {"key": "and-payments", "type": "clause", "offset": [2450, 2462]}, {"key": "user-guide", "type": "clause", "offset": [2499, 2509]}, {"key": "reporting-sales", "type": "clause", "offset": [2547, 2562]}, {"key": "refer-to-the", "type": "definition", "offset": [2579, 2591]}, {"key": "for-more-information", "type": "clause", "offset": [2614, 2634]}, {"key": "further-questions", "type": "clause", "offset": [2673, 2690]}, {"key": "the-accounting", "type": "clause", "offset": [2700, 2714]}, {"key": "responsible-for", "type": "clause", "offset": [2790, 2805]}, {"key": "record-of", "type": "clause", "offset": [2814, 2823]}, {"key": "failure-to", "type": "clause", "offset": [2898, 2908]}, {"key": "breach-of-this-agreement", "type": "clause", "offset": [2965, 2989]}, {"key": "governmental-entity", "type": "definition", "offset": [3006, 3025]}, {"key": "education-service-center", "type": "clause", "offset": [3033, 3057]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [3133, 3162]}, {"key": "any-other-agreement", "type": "definition", "offset": [3167, 3186]}, {"key": "legal-action", "type": "definition", "offset": [3215, 3227]}, {"key": "participation-fees", "type": "clause", "offset": [3248, 3266]}, {"key": "notification-of", "type": "definition", "offset": [3394, 3409]}, {"key": "expiration-of", "type": "clause", "offset": [3445, 3458]}, {"key": "date-of", "type": "clause", "offset": [3483, 3490]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [3567, 3593]}, {"key": "applicable-law", "type": "clause", "offset": [3598, 3612]}, {"key": "received-by", "type": "definition", "offset": [3797, 3808]}, {"key": "right-to-extend", "type": "definition", "offset": [3940, 3955]}, {"key": "approved-by", "type": "clause", "offset": [3996, 4007]}, {"key": "the-region", "type": "definition", "offset": [4008, 4018]}, {"key": "board-of-directors", "type": "clause", "offset": [4025, 4043]}, {"key": "rights-under-the-law", "type": "clause", "offset": [4063, 4083]}, {"key": "please-contact", "type": "clause", "offset": [4109, 4123]}], "snippet": "The TIPS Member will make payments directly to the Vendor, the Vendor Assigned Dealer or as agreed by the Vendor and the TIPS Member after receiving invoice and in compliance with applicable payment statute(s), whichever is the greater time or as otherwise provided by an agreement of the parties. Price increases will be honored according to the terms of the solicitation. All pricing submitted to TIPS shall include the participation fee, as provided in the solicitation, to be remitted to TIPS by the Vendor. Vendor will not show adding the fee to the invoice presented to TIPS Member customer. The Participation Fee that was published as part of the Solicitation and the fee published is the legally effective fee, along with any fee conditions stated in the Solicitation. Collection of the fees by TIPS is required under Texas Government Code \u00a7791.011 Et seq. Fees are due on all TIPS purchases reported by either Vendor or Member. Fees are due to TIPS upon payment by the Member to the Vendor, Reseller or Vendor Assigned Dealer. Vendor, Reseller or Vendor Assigned Dealer agrees that the participation fee is due to TIPS for all Agreement sales immediately upon receipt of payment including partial payment, from the Member Entity and must be paid to TIPS at least on a monthly basis, specifically within 31 calendar days of receipt of payment, if not more frequently, or as otherwise agreed by TIPS in writing and signed by an authorized signatory of TIPS. Thus, when an awarded Vendor, Reseller or Vendor Assigned Dealer receives any amount of payment, even partial payment, for a TIPS sale, the legally effective fee for that amount is immediately due to TIPS from the Vendor and fees due to TIPS should be paid at least on a monthly basis, specifically within 31 calendar days of receipt of payment, if not more frequently. Vendor is required to report all sales under the TIPS contract to TIPS. When a public entity initiates a purchase with a TIPS Awarded Vendor, if the Member inquires verbally or in writing whether the Vendor holds a TIPS Contract, it is the duty of the Vendor to verify whether or not the Member is seeking a TIPS purchase. Once verified, the Vendor must include the TIPS Contract number on any communications and related sales documents exchanged with the TIPS Member entity. To report sales, the Vendor must login to the TIPS Vendor Portal online at \u2587\u2587\u2587\u2587\u2587://\u2587\u2587\u2587.\u2587\u2587\u2587\u2587-\u2587\u2587\u2587.\u2587\u2587\u2587/vendors_form.cfm and click on the PO\u2019s and Payments tab. Pages 3-7 of the Vendor Portal User Guide will walk you through the process of reporting sales to TIPS. Please refer to the TIPS Accounting FAQ\u2019s for more information about reporting sales and if you have further questions, contact the Accounting Team at \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587@\u2587\u2587\u2587\u2587-\u2587\u2587\u2587.\u2587\u2587\u2587. The Vendor or vendor assigned dealers are responsible for keeping record of all sales that go through the TIPS Agreement and submitting same to TIPS. Failure to render the participation fee to TIPS shall constitute a breach of this agreement with our parent governmental entity, Texas Education Service Center Region 8, as established by the Texas legislature and shall be grounds for termination of this agreement and any other agreement held with TIPS and possible legal action. Any overpayment of participation fees to TIPS by a Vendor will be refunded to the Vendor within ninety (90) days of receipt of notification if TIPS receives written notification of the overpayment not later than the expiration of six (6) months from the date of overpayment and TIPS determines that the amount was not legally due to TIPS pursuant to this agreement and applicable law. It is the Vendor\u2019s responsibility to identify which sales are TIPS Agreement sales and pay the correct participation fee due for TIPS Agreement sales. Any notification of overpayment received by TIPS after the expiration of six (6) months from the date of overpayment will be non-refundable. Region 8 ESC and TIPS reserve the right to extend the six (6) month deadline to notify if approved by the Region 8 ESC Board of Directors. TIPS reserves all rights under the law to collect the fees due. Please contact TIPS at \u2587\u2587\u2587\u2587@\u2587\u2587\u2587\u2587-\u2587\u2587\u2587.\u2587\u2587\u2587 or call (\u2587\u2587\u2587) \u2587\u2587\u2587-\u2587\u2587\u2587\u2587 if you have questions about paying fees.", "hash": "dfea5fbd7307178dc8fbf88fb3a1ca19", "id": 3}, {"size": 709, "samples": [{"hash": "imegkOPmTL2", "uri": "/contracts/imegkOPmTL2#payments", "label": "Credit Agreement (Camden Property Trust)", "score": 37.2108154297, "published": true}, {"hash": "3dLFxLxXDxa", "uri": "/contracts/3dLFxLxXDxa#payments", "label": "Credit Agreement (Jacobs Solutions Inc.)", "score": 37.2053375244, "published": true}, {"hash": "5ois3jwdF31", "uri": "/contracts/5ois3jwdF31#payments", "label": "Credit Agreement (Apollo Debt Solutions BDC)", "score": 37.188911438, "published": true}], "snippet_links": [{"key": "from-and-after-the-effective-date", "type": "clause", "offset": [0, 33]}, {"key": "agent-shall", "type": "definition", "offset": [54, 65]}, {"key": "in-respect-of", "type": "definition", "offset": [84, 97]}, {"key": "assigned-interest", "type": "clause", "offset": [110, 127]}, {"key": "payments-of-principal", "type": "definition", "offset": [139, 160]}, {"key": "fees-and-other-amounts", "type": "clause", "offset": [172, 194]}, {"key": "but-excluding", "type": "clause", "offset": [262, 275]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [397, 426]}, {"key": "payments-of-interest", "type": "clause", "offset": [468, 488]}], "snippet": "From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to [the][the relevant] Assignee.", "hash": "92de033630374528a350b45c6afe50eb", "id": 5}, {"size": 607, "samples": [{"hash": "kkJfiuEzXBO", "uri": "/contracts/kkJfiuEzXBO#payments", "label": "Credit Agreement (Atwood Oceanics Inc)", "score": 25.2737846375, "published": true}, {"hash": "hwXhlnDZ3Pj", "uri": "/contracts/hwXhlnDZ3Pj#payments", "label": "Credit Agreement (Pacific Drilling S.A.)", "score": 24.4305267334, "published": true}, {"hash": "jy7jIF4UCOt", "uri": "/contracts/jy7jIF4UCOt#payments", "label": "Credit Agreement (Pyramid Communication Services, Inc.)", "score": 22.4264202118, "published": true}], "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "payment-when-due", "type": "clause", "offset": [38, 54]}, {"key": "principal-of", "type": "definition", "offset": [62, 74]}, {"key": "any-loan", "type": "clause", "offset": [75, 83]}, {"key": "default-shall", "type": "definition", "offset": [122, 135]}, {"key": "business-days", "type": "clause", "offset": [174, 187]}, {"key": "interest-on-any", "type": "clause", "offset": [220, 235]}, {"key": "unpaid-drawing", "type": "definition", "offset": [254, 268]}, {"key": "amounts-owing-hereunder", "type": "definition", "offset": [294, 317]}, {"key": "credit-document", "type": "definition", "offset": [337, 352]}], "snippet": "The Borrower shall (i) default in the payment when due of any principal of any Loan or any Note or (ii) default, and such default shall continue unremedied for three or more Business Days, in the payment when due of any interest on any Loan or Note, any Unpaid Drawing or any Fees or any other amounts owing hereunder or under any other Credit Document; or", "hash": "cb0c1decb4d0ccc63db9df96ffefd4ac", "id": 10}, {"size": 696, "samples": [{"hash": "1UPbyUuDal4", "uri": "/contracts/1UPbyUuDal4#payments", "label": "Credit Agreement (Thermon Group Holdings, Inc.)", "score": 34.1827507019, "published": true}, {"hash": "38utZymlUCk", "uri": "/contracts/38utZymlUCk#payments", "label": "Guarantee and Collateral Agreement (Gartner Inc)", "score": 31.7405891418, "published": true}, {"hash": "18EYukPAaBQ", "uri": "/contracts/18EYukPAaBQ#payments", "label": "Credit Agreement (Avis Budget Group, Inc.)", "score": 31.3189601898, "published": true}], "snippet_links": [{"key": "guarantor-hereby", "type": "clause", "offset": [5, 21]}, {"key": "payments-hereunder", "type": "clause", "offset": [38, 56]}, {"key": "the-administrative-agent", "type": "definition", "offset": [73, 97]}, {"key": "funding-office", "type": "clause", "offset": [148, 162]}], "snippet": "Each Guarantor hereby guarantees that payments hereunder will be paid to the Administrative Agent without set-off or counterclaim in Dollars at the Funding Office.", "hash": "0b9f67ed20af4a781d896c5d6d0fe719", "id": 6}, {"size": 678, "samples": [{"hash": "8ALO3BtdCnb", "uri": "/contracts/8ALO3BtdCnb#payments", "label": "Agreement Between Noteholders (Bank5 2023-5yr4)", "score": 34.9219703674, "published": true}, {"hash": "aWEjiFAsL5i", "uri": "/contracts/aWEjiFAsL5i#payments", "label": "Agreement Between Noteholders (BMO 2023-5c2 Mortgage Trust)", "score": 34.8097190857, "published": true}, {"hash": "87Da3NLJyZo", "uri": "/contracts/87Da3NLJyZo#payments", "label": "Agreement Between Noteholders (Bank5 2023-5yr3)", "score": 34.7193717957, "published": true}], "snippet_links": [{"key": "mortgage-loan-borrower", "type": "definition", "offset": [28, 50]}, {"key": "available-for-payment", "type": "definition", "offset": [64, 85]}, {"key": "with-respect-to", "type": "clause", "offset": [92, 107]}, {"key": "in-connection-with", "type": "clause", "offset": [111, 129]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [151, 173]}, {"key": "form-of", "type": "definition", "offset": [239, 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"costs-and-expenses-paid", "type": "clause", "offset": [2423, 2446]}, {"key": "trust-fund-expenses", "type": "definition", "offset": [2493, 2512]}, {"key": "agreement-or", "type": "definition", "offset": [2699, 2711]}, {"key": "prepayment-premium", "type": "definition", "offset": [2789, 2807]}, {"key": "pro-rata-interest", "type": "definition", "offset": [2915, 2932]}, {"key": "the-product", "type": "clause", "offset": [2951, 2962]}, {"key": "applicable-percentage-interest", "type": "definition", "offset": [2970, 3000]}, {"key": "relative-spread", "type": "definition", "offset": [3030, 3045]}, {"key": "excess-amount", "type": "definition", "offset": [3069, 3082]}, {"key": "available-to", "type": "definition", "offset": [3086, 3098]}, {"key": "not-otherwise-applied", "type": "definition", "offset": [3151, 3172]}, {"key": "the-foregoing", "type": "definition", "offset": [3192, 3205]}, {"key": "remaining-amount", "type": "definition", "offset": [3227, 3243]}, {"key": "initial-percentage-interests", "type": "clause", "offset": [3322, 3350]}, {"key": "expenses-and", "type": "clause", "offset": [3356, 3368]}, {"key": "relating-to", "type": "definition", "offset": [3376, 3387]}, {"key": "including-without-limitation", "type": "clause", "offset": [3434, 3462]}, {"key": "principal-and-interest", "type": "definition", "offset": [3473, 3495]}, {"key": "property-protection-advances", "type": "definition", "offset": [3497, 3525]}, {"key": "interest-amounts", "type": "definition", "offset": [3535, 3551]}, {"key": "special-servicing-fees", "type": "definition", "offset": [3553, 3575]}, {"key": "liquidation-fees", "type": "clause", "offset": [3577, 3593]}, {"key": "workout-fees", "type": "definition", "offset": [3598, 3610]}, {"key": "appraisal-reduction-amounts", "type": "definition", "offset": [3612, 3639]}, {"key": "trust-expenses", "type": "clause", "offset": [3658, 3672]}, {"key": "realized-losses", "type": "definition", "offset": [3733, 3748]}, {"key": "bankruptcy-court", "type": "clause", "offset": [3776, 3792]}, {"key": "balance-of-the", "type": "clause", "offset": [3826, 3840]}, {"key": "loan-shall", "type": "definition", "offset": [3850, 3860]}, {"key": "interest-and-principal", "type": "clause", "offset": [3931, 3953]}, {"key": "paid-in-full", "type": "definition", "offset": [3974, 3986]}, {"key": "the-notes", "type": "clause", "offset": [3994, 4003]}], "snippet": "All amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Periodic Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable to the Servicer under the Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding master servicing fees, trustee fees, certificate administrator fees, operating advisor fees and asset representations reviewer fees, all of which shall be payable by each of the Noteholders to such parties out of distributions made to them in respect of such Note), with respect to the Mortgage Loan pursuant to the Servicing Agreement (such amounts contemplated by clauses (x) and (y), \u201cWithheld Amounts\u201d), shall be distributed by the Master Servicer in the following order of priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):\n(a) first, on a Pro Rata and Pari Passu Basis, to each Noteholder in an amount equal to the accrued and unpaid interest on the Principal Balance for each Note at the applicable Net Interest Rate;\n(b) second, on a Pro Rata and Pari Passu Basis based on the outstanding Principal Balances of each Note, to each Noteholder in an amount equal to the principal payments received, if any, with respect to such Payment Date with respect to the Mortgage Loan, until such Principal Balance for each Note has been reduced to zero;\n(c) third, on a Pro Rata and Pari Passu Basis, to each Noteholder up to the amount of any unreimbursed costs and expenses paid by such Noteholder including any unreimbursed trust fund expenses not previously reimbursed to such Noteholder (or paid or advanced by any Servicer on its behalf and not previously paid or reimbursed) with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;\n(d) fourth, on a Pro Rata and Pari Passu Basis, any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall be paid to each Noteholder in an amount up to its pro rata interest therein, based on the product of the applicable Percentage Interest multiplied by the applicable Relative Spread; and\n(e) fifth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(d), any remaining amount shall be paid pro rata to each Noteholder in accordance with their respective initial Percentage Interests. All expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts and certain other trust expenses, shall be allocated on a Pro Rata and Pari Passu Basis. Any realized losses (including reductions by a bankruptcy court) applied to reduce the principal balance of the Mortgage Loan shall be reimbursed on a Pro Rata and Pari Passu Basis after all amounts of interest and principal have otherwise been paid in full on all the Notes.", "hash": "a7ca189361117497bcd512bda4685f1b", "id": 7}, {"size": 636, "samples": [{"hash": "9uYj3qDcIYj", "uri": "/contracts/9uYj3qDcIYj#payments", "label": "Abl Credit Agreement (GMR Solutions Inc.)", "score": 37.3203277588, "published": true}, {"hash": "6NhEvtVN98b", "uri": "/contracts/6NhEvtVN98b#payments", "label": "Credit Agreement (Figma, Inc.)", "score": 36.4962348938, "published": true}, {"hash": "bHVHuKi3AYn", "uri": "/contracts/bHVHuKi3AYn#payments", "label": "Credit Agreement (Chime Financial, Inc.)", "score": 36.3620796204, "published": true}], "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "payment-when-due", "type": "clause", "offset": [38, 54]}, {"key": "principal-of", "type": "definition", "offset": [62, 74]}, {"key": "default-shall", "type": "definition", "offset": [110, 123]}, {"key": "business-days", "type": "clause", "offset": [150, 163]}, {"key": "interest-on-the-loans", "type": "clause", "offset": [196, 217]}, {"key": "unpaid-drawings", "type": "definition", "offset": [237, 252]}, {"key": "amounts-owing-hereunder", "type": "definition", "offset": [269, 292]}, {"key": "credit-document", "type": "definition", "offset": [312, 327]}], "snippet": "The Borrower shall (a) default in the payment when due of any principal of the Loans or (b) default, and such default shall continue for five or more Business Days, in the payment when due of any interest on the Loans or any Fees or any Unpaid Drawings or of any other amounts owing hereunder or under any other Credit Document; or", "hash": "900d73d5c9ad07bb02c08f5a2e8712e5", "id": 9}, {"size": 658, "samples": [{"hash": "j4POqFo9ZP", "uri": "/contracts/j4POqFo9ZP#payments", "label": "Purchase and Assumption Agreement", "score": 32.1794090271, "published": true}, {"hash": "Yr506S7NE0", "uri": "/contracts/Yr506S7NE0#payments", "label": "Purchase and Assumption Agreement", "score": 31.8043899536, "published": true}, {"hash": "kbKtySdA6Wt", "uri": "/contracts/kbKtySdA6Wt#payments", "label": "Purchase and Assumption Agreement", "score": 31.3408622742, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [13, 22]}, {"key": "assuming-institution", "type": "clause", "offset": [47, 67]}, {"key": "pay-to", "type": "definition", "offset": [107, 113]}, {"key": "the-case", "type": "definition", "offset": [131, 139]}, {"key": "the-settlement-date", "type": "clause", "offset": [151, 170]}, {"key": "net-adjustments", "type": "clause", "offset": [210, 225]}, {"key": "expenses-and-fees", "type": "clause", "offset": [248, 265]}, {"key": "associated-with", "type": "definition", "offset": [266, 281]}, {"key": "in-this-agreement", "type": "clause", "offset": [318, 335]}, {"key": "section-81", "type": "clause", "offset": [354, 365]}, {"key": "section-82", "type": "clause", "offset": [369, 380]}, {"key": "section-84", "type": "clause", "offset": [411, 422]}, {"key": "agree-to", "type": "clause", "offset": [466, 474]}, {"key": "effect-on-the", "type": "clause", "offset": [475, 488]}, {"key": "transfer-of-assets", "type": "definition", "offset": [517, 535]}, {"key": "assumption-of-liabilities", "type": "clause", "offset": [542, 567]}, {"key": "in-accordance-with", "type": "definition", "offset": [626, 644]}], "snippet": "The Receiver agrees to cause to be paid to the Assuming Institution, or the Assuming Institution agrees to pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which reflects net adjustments (including any costs, expenses and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. The Receiver and the Assuming Institution agree to effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution as may be necessary in accordance with Section 8.1 or Section 8.2.", "hash": "430c07cfb95ebdcc6b15cec6f46abf7a", "id": 8}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhFwYXltZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["expenses-indemnity-damage-waiver", "Expenses Indemnity Damage Waiver"], ["events-of-default", "Events of Default"], ["payments", "Payments"], ["assigned-interest", "Assigned Interest"]], "title": "Payments", "size": 113653, "children": [["", ""], ["taxes", "Taxes"], ["payments", "Payments"], ["interest", "Interest"], ["voluntary-prepayments", "Voluntary Prepayments"]], "id": "payments", "related": [["\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587-payments", "\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Payments", "\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 <strong>Payments</strong>"], ["payment", "Payment", "Payment"], ["reimbursement-payments", "Reimbursement Payments", "Reimbursement <strong>Payments</strong>"], ["income-payments", "Income Payments", "Income <strong>Payments</strong>"], ["mandatory-payments", "Mandatory Payments", "Mandatory <strong>Payments</strong>"]], "related_snippets": [], "updated": "2026-05-03T04:25:58+00:00", "also_ask": ["What payment terms are most negotiable and how can they be leveraged strategically?", "Which payment triggers and deadlines are essential to include for enforceability?", "What are the most common risks or loopholes in payment clauses that could undermine recovery?", "How do payment clause standards differ across jurisdictions or industries?", "What factors most often lead courts to invalidate or modify payment provisions?"], "drafting_tip": "Specify payment amounts and due dates to prevent disputes; define acceptable payment methods to ensure clarity; include consequences for late payments to encourage timely compliance.", "explanation": "The Payments clause defines the terms and conditions under which financial transactions between the parties will occur. It typically outlines the amount to be paid, the schedule or deadlines for payment, acceptable methods of payment, and any consequences for late or missed payments, such as interest or penalties. By clearly specifying these details, the clause ensures both parties understand their financial obligations, reducing the risk of disputes and facilitating smooth business operations."}, "json": true, "cursor": ""}}