{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hKsEdLuAhcx", "uri": "/contracts/hKsEdLuAhcx#rate-loans", "label": "Revolving Loan Agreement (Taubman Centers Inc)", "score": 18.0, "published": true}, {"hash": "8E1Ve8Ou7qw", "uri": "/contracts/8E1Ve8Ou7qw#rate-loans", "label": "Revolving Loan Agreement (Taubman Realty Group LTD Partnership)", "score": 18.0, "published": true}], "snippet": "(a) When Borrower wishes to request offers from the Banks to make Bid Rate Loans, it shall transmit to the Administrative Agent by facsimile a request (a \"Bid Rate Quote Request\") substantially in the form of EXHIBIT G-1 hereto so as to be received not later than 10:30 A.M. (New York time) on the fifth Banking Day prior to the date for funding of the Bid Rate Loan(s) proposed therein, specifying:\n(1) the proposed date of funding of the Bid Rate Loan(s), which shall be a Banking Day;\n(2) the aggregate amount of the Bid Rate Loans requested, which shall be Twenty Five Million Dollars ($25,000,000) or a larger integral multiple of One Million Dollars ($1,000,000); and\n(3) the duration of the Interest Period(s) applicable thereto, subject to the provisions of the definition of \"Interest Period\" in Section 1.01. Borrower may request offers to make Bid Rate Loans for more than one (1) Interest Period in a single Bid Rate Quote Request. No funding of a Bid Rate Loan shall occur sooner than twenty eight (28) days after the funding of any other Bid Rate Loan.\n(b) Promptly upon receipt of a Bid Rate Quote Request, the Administrative Agent shall send to the Banks by facsimile an invitation (an \"Invitation for Bid Rate Quotes\") substantially in the form of EXHIBIT G-2 hereto, which shall constitute an invitation by Borrower to the Banks to submit Bid Rate Quotes offering to make Bid Rate Loans to which such Bid Rate Quote Request relates in accordance with this Section.\n(1) Each Bank may submit a Bid Rate Quote containing an offer or offers to make Bid Rate Loans in response to any Invitation for Bid Rate Quotes. Each Bid Rate Quote must comply with the requirements of this paragraph (c) and must be submitted to the Administrative Agent by facsimile not later than 2:00 P.M. (New York time) on the fourth Banking Day prior to the proposed date of the Bid Rate Loan(s); provided that Bid Rate Quotes submitted by UBS (or any Affiliate of the Administrative Agent) in its capacity as a Bank may be submitted, and may only be submitted, if UBS or such Affiliate notifies Borrower of the terms of the offer or offers contained therein not later than one (1) hour prior to the deadline for the other Banks. Any Bid Rate Quote so made shall (subject to Borrower's satisfaction of the conditions precedent set forth in this Agreement to its entitlement to an advance) be irrevocable except with the written consent of the Administrative Agent given on the instructions of Borrower.\n(2) Each Bid Rate Quote shall be in substantially the form of EXHIBIT G-3 hereto and shall in any case specify:\n(i) the proposed date of funding of the Bid Rate Loan(s);\n(ii) the principal amount of the Bid Rate Loan(s) for which each such offer is being made, which principal amount (w) may be greater than or less than the Loan Commitment of the quoting Bank, (x) must be in the aggregate Five Million Dollars ($5,000,000) or a larger integral multiple of One Million Dollars ($1,000,000), (y) may not exceed the principal amount of Bid Rate Loans for which offers were requested and (z) may be subject to an aggregate limitation as to the principal amount of Bid Rate Loans for which offers being made by such quoting Bank may be accepted;\n(iii) the margin above or below the applicable LIBOR Interest Rate (the \"LIBOR Bid Margin\") offered for each such Bid Rate Loan, expressed as a percentage per annum (specified to the nearest 1/1,000th of 1%) to be added to (or subtracted from) the applicable LIBOR Interest Rate;\n(iv) the applicable Interest Period;\n(v) the identity of the quoting Bank; and\n(vi) the LIBOR Reserve Requirement then applicable to such Bank, if any. A Bid Rate Quote may set forth up to three (3) separate offers by the quoting Bank with respect to each Interest Period specified in the related Invitation for Bid Rate Quotes.\n(3) Any Bid Rate Quote shall be disregarded if it:\n(i) is not substantially in conformity with EXHIBIT G-3 hereto or does not specify all of the information required by sub-paragraph (c)(2) above;\n(ii) contains qualifying, conditional or similar language (except for an aggregate limitation as provided in sub-paragraph (c)(2)(ii) above);\n(iii) proposes terms other than or in addition to those set forth in the applicable Invitation for Bid Rate Quotes; or\n(iv) arrives after the time set forth in sub-paragraph (c)(1) above.\n(d) The Administrative Agent shall on the Banking Day of receipt thereof notify Borrower in writing of the terms of (x) any Bid Rate Quote submitted by a Bank that is in accordance with paragraph (c) and (y) any Bid Rate Quote that amends, modifies or is otherwise inconsistent with a previous Bid Rate Quote submitted by such Bank with respect to the same Bid Rate Quote Request. Any such subsequent Bid Rate Quote shall be disregarded by the Administrative Agent unless such subsequent Bid Rate Quote is submitted solely to correct a manifest error in such former Bid Rate Quote or modifies the terms of such previous Bid Rate Quote to provide terms more favorable to Borrower. The Administrative Agent's notice to Borrower shall specify (A) the aggregate principal amount of Bid Rate Loans for which offers have been received for each Interest Period specified in the related Bid Rate Quote Request, (B) the respective principal amounts and LIBOR Bid Margins so offered and (C) if applicable, limitations on the aggregate principal amount of Bid Rate Loans for which offers in any single Bid Rate Quote may be accepted.\n(e) Not later than 9:30 A.M. (New York time) on the third Banking Day prior to the proposed date of funding of the Bid Rate Loan, Borrower shall notify the Administrative Agent of its acceptance or non-acceptance of the offers so notified to it pursuant to paragraph (d). A notice of acceptance shall be substantially in the form of EXHIBIT G-4 hereto and shall specify the aggregate principal amount of offers for each Interest Period that are accepted. Borrower may accept any Bid Rate Quote in whole or in part; provided that:\n(i) the principal amount of each Bid Rate Loan may not exceed the applicable amount set forth in the related Bid Rate Quote Request;\n(ii) acceptance of offers with respect to a particular Interest Period may only be made on the basis of ascending LIBOR Bid Margins offered for such Interest Period from the lowest effective cost; and\n(iii) Borrower may not accept any offer that is described in sub-paragraph (c)(3) or that otherwise fails to comply with the requirements of this Agreement.\n(f) If offers are made by two (2) or more Banks with the same LIBOR Bid Margins, for a greater aggregate principal amount than the amount in respect of which such offers are accepted for the related Interest Period, the principal amount of Bid Rate Loans in respect of which such offers are accepted shall be allocated by the Administrative Agent among such Banks as nearly as possible (in multiples of One Hundred Thousand Dollars ($100,000), as the Administrative Agent may deem appropriate) in proportion to the aggregate principal amounts of such offers. The Administrative Agent shall promptly (and in any event within one (1) Banking Day after such offers are accepted) notify Borrower and each such Bank in writing of any such allocation of Bid Rate Loans. Determinations by the Administrative Agent of the allocation of Bid Rate Loans shall be conclusive in the absence of manifest error.\n(g) In the event that Borrower accepts the offer(s) contained in one (1) or more Bid Rate Quotes in accordance with paragraph (e), the Bank(s) making such offer(s) shall make a Bid Rate Loan in the accepted amount (as allocated, if necessary, pursuant to paragraph (f)) on the date specified therefor, in accordance with the procedures specified in Section 2.04.\n(h) Notwithstanding anything to the contrary contained herein, each Bank shall be required to fund its Pro Rata Share of the Available Total Loan Commitment in accordance with Section 2.01(b) despite the fact that any Bank's Loan Commitment may have been or may be exceeded as a result of such Bank's making Bid Rate Loans.", "size": 3, "snippet_links": [{"key": "to-request", "type": "clause", "offset": [25, 35]}, {"key": "the-banks", "type": "clause", "offset": [48, 57]}, {"key": "bid-rate-loans", "type": "definition", "offset": [66, 80]}, {"key": "administrative-agent-by", "type": "definition", "offset": [107, 130]}, {"key": "bid-rate-quote-request", "type": "definition", "offset": [155, 177]}, {"key": "form-of", "type": "clause", "offset": [201, 208]}, {"key": "exhibit-g-1", "type": "definition", "offset": [209, 220]}, {"key": "new-york-time", "type": "definition", "offset": [276, 289]}, {"key": "banking-day", "type": "definition", "offset": [304, 315]}, {"key": "prior-to-the", "type": "clause", "offset": [316, 328]}, {"key": "for-funding", "type": "clause", "offset": [334, 345]}, {"key": "the-bid", "type": "definition", "offset": [349, 356]}, {"key": "date-of-funding", "type": "definition", "offset": [417, 432]}, {"key": "aggregate-amount", "type": "definition", "offset": [496, 512]}, {"key": "integral-multiple", "type": "definition", "offset": [615, 632]}, {"key": "the-interest", "type": "clause", "offset": [694, 706]}, {"key": "the-definition-of", "type": "clause", "offset": [766, 783]}, {"key": "single-bid", "type": "definition", "offset": [913, 923]}, {"key": "no-funding", "type": "clause", "offset": [944, 954]}, {"key": "loan-shall", "type": "definition", "offset": [969, 979]}, {"key": "days-after", "type": "definition", "offset": [1016, 1026]}, {"key": "the-funding", "type": "clause", "offset": [1027, 1038]}, {"key": "other-bid", "type": "definition", "offset": [1046, 1055]}, {"key": "upon-receipt-of-a", "type": "clause", "offset": [1080, 1097]}, {"key": "agent-shall", "type": "definition", "offset": [1141, 1152]}, {"key": "send-to", "type": "definition", "offset": [1153, 1160]}, {"key": "an-invitation", "type": "clause", "offset": [1184, 1197]}, {"key": "invitation-for-bid-rate-quotes", "type": "definition", "offset": [1203, 1233]}, {"key": "by-borrower", "type": "clause", "offset": [1322, 1333]}, {"key": "to-submit", "type": "definition", "offset": [1347, 1356]}, {"key": "loans-to", "type": "clause", "offset": [1399, 1407]}, {"key": "in-accordance-with", "type": "definition", "offset": [1450, 1468]}, {"key": "each-bank", "type": "clause", "offset": [1487, 1496]}, {"key": "the-requirements", "type": "clause", "offset": [1666, 1682]}, {"key": "provided-that", "type": "clause", "offset": [1887, 1900]}, {"key": "submitted-by", "type": "definition", "offset": [1917, 1929]}, {"key": "affiliate-of", "type": "definition", "offset": [1942, 1954]}, {"key": "a-bank", "type": "clause", "offset": [2000, 2006]}, {"key": "terms-of-the-offer", "type": "clause", "offset": [2102, 2120]}, {"key": "other-banks", "type": "definition", "offset": [2207, 2218]}, {"key": "subject-to-borrower", "type": "definition", "offset": [2254, 2273]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [2276, 2316]}, {"key": "agreement-to", "type": "definition", "offset": [2335, 2347]}, {"key": "entitlement-to", "type": "clause", "offset": [2352, 2366]}, {"key": "consent-of-the-administrative-agent", "type": "clause", "offset": [2418, 2453]}, {"key": "the-principal-amount", "type": "definition", "offset": [2668, 2688]}, {"key": "commitment-of-the", "type": "clause", "offset": [2823, 2840]}, {"key": "quoting-bank", "type": "clause", "offset": [2841, 2853]}, {"key": "in-the-aggregate", "type": "definition", "offset": [2867, 2883]}, {"key": "aggregate-limitation", "type": "clause", "offset": [3104, 3124]}, {"key": "libor-interest-rate", "type": "definition", "offset": [3283, 3302]}, {"key": "libor-bid-margin", "type": "definition", "offset": [3309, 3325]}, {"key": "a-percentage", "type": "definition", "offset": [3378, 3390]}, {"key": "per-annum", "type": "definition", "offset": [3391, 3400]}, {"key": "to-be-added", "type": "clause", "offset": [3444, 3455]}, {"key": "applicable-interest-period", "type": "definition", "offset": [3525, 3551]}, {"key": "libor-reserve-requirement", "type": "definition", "offset": [3604, 3629]}, {"key": "applicable-to", "type": "clause", "offset": [3635, 3648]}, {"key": "with-respect-to", "type": "clause", "offset": [3751, 3766]}, {"key": "conformity-with", "type": "clause", "offset": [3924, 3939]}, {"key": "required-by", "type": "definition", "offset": [4002, 4013]}, {"key": "in-addition-to", "type": "clause", "offset": [4219, 4233]}, {"key": "day-of-receipt", "type": "definition", "offset": [4422, 4436]}, {"key": "in-writing", "type": "definition", "offset": [4461, 4471]}, {"key": "subsequent-bid", "type": "definition", "offset": [4762, 4776]}, {"key": "manifest-error", "type": "definition", "offset": [4908, 4922]}, {"key": "to-provide", "type": "clause", "offset": [5007, 5017]}, {"key": "more-favorable", "type": "definition", "offset": [5024, 5038]}, {"key": "borrower-shall", "type": "clause", "offset": [5089, 5103]}, {"key": "if-applicable", "type": "definition", "offset": [5353, 5366]}, {"key": "limitations-on", "type": "definition", "offset": [5368, 5382]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [5640, 5671]}, {"key": "the-offers", "type": "clause", "offset": [5711, 5721]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [5740, 5761]}, {"key": "notice-of-acceptance", "type": "clause", "offset": [5769, 5789]}, {"key": "applicable-amount", "type": "clause", "offset": [6091, 6108]}, {"key": "acceptance-of-offers", "type": "definition", "offset": [6163, 6183]}, {"key": "basis-of", "type": "clause", "offset": [6253, 6261]}, {"key": "period-from", "type": "definition", "offset": [6316, 6327]}, {"key": "requirements-of-this-agreement", "type": "clause", "offset": [6484, 6514]}, {"key": "in-respect-of", "type": "definition", "offset": [6654, 6667]}, {"key": "aggregate-principal-amounts", "type": "definition", "offset": [7031, 7058]}, {"key": "allocation-of", "type": "clause", "offset": [7250, 7263]}, {"key": "the-allocation", "type": "clause", "offset": [7326, 7340]}, {"key": "loans-shall", "type": "definition", "offset": [7353, 7364]}, {"key": "in-the-event", "type": "clause", "offset": [7417, 7429]}, {"key": "contained-in", "type": "definition", "offset": [7465, 7477]}, {"key": "the-procedures", "type": "definition", "offset": [7734, 7748]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [7780, 7830]}, {"key": "to-fund", "type": "definition", "offset": [7867, 7874]}, {"key": "pro-rata-share", "type": "definition", "offset": [7879, 7893]}, {"key": "available-total-loan-commitment", "type": "definition", "offset": [7901, 7932]}, {"key": "the-fact", "type": "clause", "offset": [7976, 7984]}], "hash": "1d0ac2b551c9f8977f8dc061236ca616", "id": 1}, {"samples": [{"hash": "5wLWiU5iaUf", "uri": "/contracts/5wLWiU5iaUf#rate-loans", "label": "Credit Agreement (Oneok Inc /New/)", "score": 21.0, "published": true}], "snippet": "If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Committed Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender\u2019s Committed Loan included in such Committed Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.", "size": 3, "snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [59, 83]}, {"key": "agent-shall", "type": "definition", "offset": [142, 153]}, {"key": "to-the-borrower", "type": "definition", "offset": [169, 184]}, {"key": "interest-paid", "type": "definition", "offset": [204, 217]}, {"key": "the-applicable", "type": "clause", "offset": [284, 298]}, {"key": "committed-borrowing", "type": "definition", "offset": [299, 318]}, {"key": "committed-loan", "type": "clause", "offset": [403, 417]}, {"key": "the-borrower-shall", "type": "clause", "offset": [471, 489]}, {"key": "without-prejudice-to-any", "type": "clause", "offset": [493, 517]}, {"key": "a-lender", "type": "definition", "offset": [554, 562]}, {"key": "payment-to-the", "type": "clause", "offset": [599, 613]}], "hash": "0df2e82927dffb5722a4a5cae761332d", "id": 2}, {"samples": [{"hash": "lNOG3YYbIbJ", "uri": "/contracts/lNOG3YYbIbJ#rate-loans", "label": "Revolving Credit Agreement (International Lease Finance Corp)", "score": 18.0, "published": true}, {"hash": "9BC63HZ6Q17", "uri": "/contracts/9BC63HZ6Q17#rate-loans", "label": "Revolving Credit Agreement (International Lease Finance Corp)", "score": 18.0, "published": true}], "snippet": "Competitive As bid by As bid by As bid by As bid by As bid by As bid by Bid Option the Banks the Banks the Banks the Banks the Banks the Banks Utilization Fee Rate: In excess of 5.0 5.0 5.0 5.0 5.0 10.0 33.33% For purposes of this Schedule, the following terms have the following meanings:", "size": 2, "snippet_links": [{"key": "the-banks", "type": "clause", "offset": [83, 92]}, {"key": "utilization-fee-rate", "type": "definition", "offset": [143, 163]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [210, 230]}], "hash": "994468c176e61d88785ee2b5e1d9e395", "id": 3}, {"samples": [{"hash": "7C1lvXCN6tu", "uri": "/contracts/7C1lvXCN6tu#rate-loans", "label": "Credit Agreement (CONE Midstream Partners LP)", "score": 25.7529087067, "published": true}], "snippet": "If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender\u2019s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this Section 2.12(c) shall be conclusive, absent manifest error.", "size": 1, "snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [59, 83]}, {"key": "agent-shall", "type": "definition", "offset": [142, 153]}, {"key": "to-the-borrower", "type": "definition", "offset": [169, 184]}, {"key": "interest-paid", "type": "definition", "offset": [204, 217]}, {"key": "the-applicable", "type": "clause", "offset": [284, 298]}, {"key": "the-borrower-shall", "type": "clause", "offset": [441, 459]}, {"key": "without-prejudice-to-any", "type": "clause", "offset": [463, 487]}, {"key": "a-lender", "type": "definition", "offset": [524, 532]}, {"key": "payment-to-the", "type": "clause", "offset": [569, 583]}, {"key": "notice-of-the", "type": "clause", "offset": [608, 621]}, {"key": "with-respect-to", "type": "clause", "offset": [673, 688]}, {"key": "amount-owing", "type": "definition", "offset": [693, 705]}, {"key": "manifest-error", "type": "definition", "offset": [761, 775]}], "hash": "b66513c726e92471f81efcabe271c545", "id": 4}, {"samples": [{"hash": "5DllqocTroZ", "uri": "/contracts/5DllqocTroZ#rate-loans", "label": "Credit Agreement (Unifi Inc)", "score": 26.2429847717, "published": true}], "snippet": "The provisions of this Section 2.3(d) are for the exclusive benefit of Agent, Swing Lender, and the Lenders and are not intended to benefit Borrowers (or any other Loan Party) in any way.", "size": 1, "snippet_links": [{"key": "provisions-of-this-section", "type": "clause", "offset": [4, 30]}, {"key": "benefit-of-agent", "type": "clause", "offset": [60, 76]}, {"key": "swing-lender", "type": "definition", "offset": [78, 90]}, {"key": "the-lenders", "type": "clause", "offset": [96, 107]}, {"key": "loan-party", "type": "definition", "offset": [164, 174]}], "hash": "5fae20c8d956e016a4fc1b7a0d6281e6", "id": 5}, {"samples": [{"hash": "clxsWSZEUGQ", "uri": "/contracts/clxsWSZEUGQ#rate-loans", "label": "Financing Agreement (Solutia Inc)", "score": 18.0, "published": true}], "snippet": "If the Administrative Borrower gives a Notice of Borrowing requesting a Revolving Loan and the Administrative Agent elects not to fund such Revolving Loan on behalf of the Revolving Loan Lenders, then promptly after receipt of the Notice of Borrowing requesting such Revolving Loan, the Administrative Agent shall notify each Revolving Loan Lender of the specifics of the requested Revolving Loan (and, if Eurodollar Rate Loans are properly requested in such Notice of Borrowing, the applicable interest rate) and that it will not fund the requested Revolving Loan on behalf of the Revolving Loan Lenders. If the Administrative Agent notifies the Revolving Loan Lenders that it will not fund a requested Revolving Loan on behalf of the Revolving Loan Lenders, each Revolving Loan Lender shall make its Pro Rata Share of the Revolving Loan available to the Administrative Agent, in immediately available funds, in the Administrative Agent's Account no later than 3:00 p.m. (New York City time) (provided that the -------- Administrative Agent requests payment from such Revolving Loan Lender not later than 1:00 p.m. (New York City time)) on the date of the proposed Revolving Loan. The Administrative Agent will make the proceeds of such Revolving Loans available to the Borrowers on the day of the proposed Revolving Loan by causing an amount, in immediately available funds, equal to the proceeds of all such Revolving Loans received by the Administrative Agent in the Administrative Agent's Account or the amount funded by the Administrative Agent on behalf of the Revolving Loan Lenders to be deposited in an account designated by the Administrative Borrower.", "size": 1, "snippet_links": [{"key": "the-administrative-borrower", "type": "clause", "offset": [3, 30]}, {"key": "notice-of-borrowing", "type": "clause", "offset": [39, 58]}, {"key": "the-administrative-agent", "type": "definition", "offset": [91, 115]}, {"key": "to-fund", "type": "definition", "offset": [127, 134]}, {"key": "on-behalf-of", "type": "definition", "offset": [155, 167]}, {"key": "revolving-loan-lenders", "type": "definition", "offset": [172, 194]}, {"key": "after-receipt-of", "type": "clause", "offset": [210, 226]}, {"key": "the-notice", "type": "clause", "offset": [227, 237]}, {"key": "agent-shall", "type": "definition", "offset": [302, 313]}, {"key": "each-revolving-loan", "type": "clause", "offset": [321, 340]}, {"key": "eurodollar-rate-loans", "type": "clause", "offset": [406, 427]}, {"key": "properly-requested", "type": "definition", "offset": [432, 450]}, {"key": "applicable-interest-rate", "type": "definition", "offset": [484, 508]}, {"key": "fund-a", "type": "definition", "offset": [687, 693]}, {"key": "pro-rata-share", "type": "definition", "offset": [802, 816]}, {"key": "available-to", "type": "definition", "offset": [839, 851]}, {"key": "immediately-available-funds", "type": "clause", "offset": [881, 908]}, {"key": "account-no", "type": "definition", "offset": [940, 950]}, {"key": "new-york-city-time", "type": "definition", "offset": [973, 991]}, {"key": "provided-that", "type": "clause", "offset": [994, 1007]}, {"key": "date-of", "type": "clause", "offset": [1145, 1152]}, {"key": "the-proposed", "type": "clause", "offset": [1153, 1165]}, {"key": "revolving-loans", "type": "clause", "offset": [1238, 1253]}, {"key": "the-borrowers", "type": "definition", "offset": [1267, 1280]}, {"key": "day-of", "type": "clause", "offset": [1288, 1294]}, {"key": "equal-to", "type": "definition", "offset": [1377, 1385]}, {"key": "received-by", "type": "definition", "offset": [1427, 1438]}, {"key": "amount-funded", "type": "definition", "offset": [1509, 1522]}, {"key": "to-be-deposited", "type": "definition", "offset": [1591, 1606]}], "hash": "e92f0dab2085f84cdea3ec0a9aa63eec", "id": 6}, {"samples": [{"hash": "jo3RtpToA1q", "uri": "/contracts/jo3RtpToA1q#rate-loans", "label": "Credit Agreement (UNITED THERAPEUTICS Corp)", "score": 24.737165451, "published": true}], "snippet": "The Applicable Margins set forth above shall be increased as, and to the extent, required by Section 3.13.", "size": 1, "snippet_links": [{"key": "applicable-margins", "type": "definition", "offset": [4, 22]}, {"key": "to-the-extent", "type": "clause", "offset": [66, 79]}, {"key": "required-by", "type": "definition", "offset": [81, 92]}], "hash": "a98e584cf5e286edf5509526bc670b01", "id": 7}, {"samples": [{"hash": "hm6nKOHg3FK", "uri": "/contracts/hm6nKOHg3FK#rate-loans", "label": "Credit Agreement (Aerocentury Corp)", "score": 18.0, "published": true}], "snippet": "Accrued interest on LIBO Rate Loans with Interest Periods of one, two or three months shall be due and payable on the last day of such Interest Period. Accrued interest on LIBO Rate Loans with Interest Periods of six months shall be due and payable at the end of the third month and on the last day of the Interest Period. (c Form of Payments, Application of Payments, Payment Administration, Etc. Provided that no Event of Default or Potential Default then exists, all payments and prepayments shall be applied to the Loans in such order and to such extent as shall be specified by AeroCentury, by written notice to National City at the time of such payment or prepayment. Except as otherwise provided herein, all payments of principal, interest, fees, or other amounts payable by AeroCentury hereunder shall be remitted to National City on behalf of the Banks at the address set forth opposite its name on the signature page hereof or at such office or account as National City shall specify to AeroCentury and the Banks, in immediately available funds not later than 2:00 p.m. EST on the day when due. National City will promptly distribute to each Bank by wire transfer in immediately available funds each Bank's pro rata share of such payment based upon such Bank's Revolving Loan Commitment Percentage. Whenever any payment is stated as due on a day which is not a Business Day, the maturity of such payment shall, except as otherwise provided in the definition of \"Interest Period\", be extended to the next succeeding Business Day and interest and commitment fees shall continue to accrue during such extension. AeroCentury authorizes National City to deduct from any account of AeroCentury maintained at National City or over which National City has control any amount payable under this Agreement, the Notes or any other Loan Document which is not paid in a timely manner. National City's failure to deliver any \u2587\u2587\u2587\u2587, statement or invoice with respect to amounts due under this Section or under any Loan Document shall not affect AeroCentury's obligation to pay any installment of principal, interest or any other amount under this Agreement when due and payable.", "size": 1, "snippet_links": [{"key": "interest-on-libo-rate-loans", "type": "clause", "offset": [8, 35]}, {"key": "periods-of", "type": "clause", "offset": [50, 60]}, {"key": "day-of", "type": "clause", "offset": [123, 129]}, {"key": "six-months", "type": "definition", "offset": [213, 223]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [249, 266]}, {"key": "the-interest", "type": "clause", "offset": [302, 314]}, {"key": "form-of-payments", "type": "clause", "offset": [326, 342]}, {"key": "application-of-payments", "type": "definition", "offset": [344, 367]}, {"key": "payment-administration", "type": "clause", "offset": [369, 391]}, {"key": "provided-that", "type": "clause", "offset": [398, 411]}, {"key": "event-of-default-or-potential-default", "type": "clause", "offset": [415, 452]}, {"key": "payments-and-prepayments", "type": "clause", "offset": [470, 494]}, {"key": "the-loans", "type": "clause", "offset": [515, 524]}, {"key": "notice-to", "type": "definition", "offset": [607, 616]}, {"key": "national-city", "type": "clause", "offset": [617, 630]}, {"key": "at-the-time", "type": "clause", "offset": [631, 642]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [674, 702]}, {"key": "payments-of-principal", "type": "definition", "offset": [715, 736]}, {"key": "other-amounts-payable", "type": "clause", "offset": [757, 778]}, {"key": "on-behalf-of", "type": "definition", "offset": [839, 851]}, {"key": "the-banks", "type": "clause", "offset": [852, 861]}, {"key": "signature-page", "type": "clause", "offset": [912, 926]}, {"key": "city-shall", "type": "clause", "offset": [975, 985]}, {"key": "immediately-available-funds", "type": "clause", "offset": [1027, 1054]}, {"key": "the-day", "type": "definition", "offset": [1087, 1094]}, {"key": "city-will", "type": "clause", "offset": [1114, 1123]}, {"key": "distribute-to", "type": "clause", "offset": [1133, 1146]}, {"key": "each-bank", "type": "clause", "offset": [1147, 1156]}, {"key": "transfer-in", "type": "definition", "offset": [1165, 1176]}, {"key": "pro-rata-share", "type": "definition", "offset": [1217, 1231]}, {"key": "revolving-loan-commitment-percentage", "type": "definition", "offset": [1271, 1307]}, {"key": "a-day", "type": "definition", "offset": [1350, 1355]}, {"key": "not-a-business-day", "type": "clause", "offset": [1365, 1383]}, {"key": "the-definition-of", "type": "clause", "offset": [1453, 1470]}, {"key": "interest-and-commitment-fees", "type": "clause", "offset": [1542, 1570]}, {"key": "amount-payable", "type": "clause", "offset": [1770, 1784]}, {"key": "this-agreement", "type": "clause", "offset": [1791, 1805]}, {"key": "the-notes", "type": "clause", "offset": [1807, 1816]}, {"key": "loan-document", "type": "clause", "offset": [1830, 1843]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [1862, 1880]}, {"key": "failure-to-deliver", "type": "definition", "offset": [1898, 1916]}, {"key": "with-respect-to", "type": "clause", "offset": [1948, 1963]}, {"key": "amounts-due", "type": "definition", "offset": [1964, 1975]}, {"key": "any-loan", "type": "clause", "offset": [2004, 2012]}, {"key": "obligation-to-pay", "type": "clause", "offset": [2053, 2070]}, {"key": "when-due-and-payable", "type": "clause", "offset": [2151, 2171]}], "hash": "65aacdea0a7b34baf36fcc8c507bea52", "id": 8}, {"samples": [{"hash": "bIIYXfjoHRT", "uri": "/contracts/bIIYXfjoHRT#rate-loans", "label": "Credit, Security and Guaranty Agreement (Actava Group Inc)", "score": 18.0, "published": true}], "snippet": "If and to the extent that any such reimbursement shall not have been made to the Agent, the Borrower agrees to repay to the Agent forthwith on demand a corresponding amount with interest thereon for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Agent at the Alternate Base Rate plus the Applicable Margin for Alternate Base Rate Loans.", "size": 1, "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [7, 20]}, {"key": "the-agent", "type": "clause", "offset": [77, 86]}, {"key": "to-repay", "type": "clause", "offset": [108, 116]}, {"key": "on-demand", "type": "clause", "offset": [140, 149]}, {"key": "corresponding-amount", "type": "definition", "offset": [152, 172]}, {"key": "with-interest", "type": "definition", "offset": [173, 186]}, {"key": "to-the-borrower", "type": "definition", "offset": [252, 267]}, {"key": "applicable-margin", "type": "definition", "offset": [354, 371]}, {"key": "alternate-base-rate-loans", "type": "definition", "offset": [376, 401]}], "hash": "9b62d0460917050e390d6da8b834d453", "id": 9}, {"samples": [{"hash": "hm6nKOHg3FK", "uri": "/contracts/hm6nKOHg3FK#rate-loans", "label": "Credit Agreement (Aerocentury Corp)", "score": 18.0, "published": true}], "snippet": "On one Business Day's notice to the Banks, AeroCentury may, at its option, prepay the Base Rate Loans in whole at any time or in part from time to time, provided that each partial prepayment shall be in at least the principal amount of $25,000 or, if greater, then in $10,000 multiples.", "size": 1, "snippet_links": [{"key": "business-day", "type": "definition", "offset": [7, 19]}, {"key": "notice-to-the-banks", "type": "clause", "offset": [22, 41]}, {"key": "base-rate-loans", "type": "definition", "offset": [86, 101]}, {"key": "at-any-time", "type": "clause", "offset": [111, 122]}, {"key": "from-time-to-time", "type": "clause", "offset": [134, 151]}, {"key": "provided-that", "type": "clause", "offset": [153, 166]}, {"key": "partial-prepayment", "type": "definition", "offset": [172, 190]}, {"key": "the-principal-amount", "type": "definition", "offset": [212, 232]}], "hash": "74fac7571763f3b7c2f46b5d4c00dc62", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNyYXRlLWxvYW5zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [], "parents": [["the-loans", "THE LOANS"], ["miscellaneous", "Miscellaneous"], ["binding-effect-of-request-for-advance", "Binding Effect of Request for Advance"], ["revolving-credit-commitment", "Revolving Credit Commitment"], ["commitments", "Commitments"]], "size": 27, "title": "Rate Loans", "id": "rate-loans", "related": [["fixed-rate-loans", "Fixed Rate Loans", "Fixed <strong>Rate Loans</strong>"], ["libor-rate-loans", "LIBOR Rate Loans", "LIBOR <strong>Rate Loans</strong>"], ["bid-rate-loans", "Bid Rate Loans", "Bid <strong>Rate Loans</strong>"], ["prime-rate-loans", "Prime Rate Loans", "Prime <strong>Rate Loans</strong>"], ["eurodollar-rate-loans", "Eurodollar Rate Loans", "Eurodollar <strong>Rate Loans</strong>"]], "related_snippets": [], "updated": "2025-11-05T05:44:28+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The \"Rate Loans\" clause defines the terms under which loans accrue interest, specifying the applicable interest rates and how they are determined. Typically, this clause outlines whether the loan bears a fixed or variable rate, the reference rate used (such as LIBOR or SOFR), and the frequency of rate adjustments if applicable. By clearly establishing how interest is calculated and applied to the loan balance, this clause ensures transparency for both lender and borrower, reducing the risk of disputes over payment amounts and providing predictability in financial planning."}, "json": true, "cursor": ""}}