{"component": "clause", "props": {"groups": [{"samples": [{"hash": "fBjZnDC01C8", "uri": "/contracts/fBjZnDC01C8#the-bridge-loan", "label": "Bridge Loan Agreement (Amaya Gaming Group Inc.)", "score": 23.1820670773, "published": true}, {"hash": "lEEmokclp6n", "uri": "/contracts/lEEmokclp6n#the-bridge-loan", "label": "Bridge Loan Agreement (Amaya Gaming Group Inc.)", "score": 23.1382614648, "published": true}], "size": 2, "snippet_links": [{"key": "the-lender", "type": "clause", "offset": [0, 10]}, {"key": "agrees-to", "type": "clause", "offset": [11, 20]}, {"key": "a-term-loan", "type": "definition", "offset": [26, 37]}, {"key": "in-accordance-with", "type": "definition", "offset": [38, 56]}, {"key": "the-terms", "type": "definition", "offset": [57, 66]}, {"key": "to-the-borrower", "type": "clause", "offset": [87, 102]}, {"key": "maximum-principal-amount", "type": "definition", "offset": [110, 134]}, {"key": "bridge-loan", "type": "definition", "offset": [156, 167]}, {"key": "maturity-date", "type": "clause", "offset": [180, 193]}], "snippet": "The Lender agrees to make a term loan in accordance with the terms hereunder available to the Borrower in the maximum principal amount of C$5,500,000 (the \u201cBridge Loan\u201d) until the Maturity Date.", "hash": "f08b2bd47d2500882702b3385d9653da", "id": 1}, {"samples": [{"hash": "cy6g6SFFcfS", "uri": "/contracts/cy6g6SFFcfS#the-bridge-loan", "label": "Bridge Loan Agreement (Kaneb Services LLC)", "score": 18.0, "published": true}, {"hash": "FW9u1Vs1tw", "uri": "/contracts/FW9u1Vs1tw#the-bridge-loan", "label": "Bridge Loan Agreement (Kaneb Services LLC)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [11, 35]}, {"key": "each-lender", "type": "clause", "offset": [54, 65]}, {"key": "agrees-to", "type": "clause", "offset": [76, 85]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [100, 120]}, {"key": "bridge-loan", "type": "definition", "offset": [174, 185]}, {"key": "the-closing-date", "type": "clause", "offset": [191, 207]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [223, 243]}, {"key": "for-any-reason", "type": "clause", "offset": [302, 316]}, {"key": "a-lender", "type": "definition", "offset": [344, 352]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [541, 561]}, {"key": "satisfaction-of-all-conditions-precedent", "type": "clause", "offset": [562, 602]}, {"key": "section-31", "type": "clause", "offset": [616, 627]}, {"key": "to-borrow", "type": "clause", "offset": [688, 697]}], "snippet": "Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single Loan to the Borrower (each a \"Loan\" and collectively, the \"Loans\" or the \"Bridge Loan\") on the Closing Date in a principal amount not to exceed each such Lender's Commitment; provided, however, that if for any reason (other than the failure of a Lender to make such Loan) the amount of such Lender's Commitment is not drawn on the Closing Date, the undrawn portion thereof shall be cancelled. The execution and delivery of this Agreement by the Borrower and the satisfaction of all conditions precedent set forth in Section 3.1 hereof shall be deemed to constitute the Borrower's request to borrow hereunder on the Closing Date.", "hash": "59112fec0141783eba0bb035fdbed651", "id": 2}, {"samples": [{"hash": "gwykr9i0Mfa", "uri": "/contracts/gwykr9i0Mfa#the-bridge-loan", "label": "Bridge Loan Agreement (VDC Corp LTD)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "the-lender", "type": "clause", "offset": [4, 14]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [42, 67]}, {"key": "executed-and-delivered", "type": "clause", "offset": [119, 141]}, {"key": "bridge-note", "type": "clause", "offset": [152, 163]}, {"key": "form-of", "type": "definition", "offset": [171, 178]}, {"key": "the-guaranty-agreement", "type": "clause", "offset": [227, 249]}, {"key": "other-documents-and-certificates", "type": "clause", "offset": [321, 353]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [398, 436]}, {"key": "lender-may", "type": "definition", "offset": [444, 454]}, {"key": "reasonably-request", "type": "definition", "offset": [455, 473]}, {"key": "representations-and-warranties-of-the-borrower", "type": "clause", "offset": [483, 529]}, {"key": "contained-in", "type": "definition", "offset": [530, 542]}, {"key": "article-5", "type": "clause", "offset": [543, 552]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [581, 603]}, {"key": "the-borrower-shall", "type": "clause", "offset": [605, 623]}, {"key": "covenants-and-conditions", "type": "clause", "offset": [647, 671]}, {"key": "event-of-default-or-potential-default", "type": "clause", "offset": [721, 758]}, {"key": "certificate-of", "type": "clause", "offset": [814, 828]}, {"key": "chief-executive-officer", "type": "definition", "offset": [833, 856]}, {"key": "president-and-chief-financial-officer", "type": "clause", "offset": [858, 895]}, {"key": "legal-details", "type": "clause", "offset": [949, 962]}, {"key": "in-connection-with", "type": "clause", "offset": [1000, 1018]}, {"key": "contemplated-hereby", "type": "clause", "offset": [1036, 1055]}, {"key": "all-documents", "type": "definition", "offset": [1060, 1073]}, {"key": "counterpart-originals", "type": "clause", "offset": [1226, 1247]}, {"key": "copies-of", "type": "definition", "offset": [1270, 1279]}], "snippet": "(A) The Lender shall have received, on or prior to the Closing Date, the following documents:\n(i) this Agreement, duly executed and delivered;\n(ii) the Bridge Note in the form of Exhibit \"A\", duly executed and delivered;\n(iii) the Guaranty Agreement in the form of Exhibit \"B\", duly executed and delivered; and\n(iv) such other documents and certificates as to the transactions contemplated by this Agreement and the other Loan Documents as the Lender may reasonably request.\n(B) The representations and warranties of the Borrower contained in Article 5 hereof shall be true on and as of the Closing Date; the Borrower shall have complied with all covenants and conditions hereof; there shall exist on the Closing Date no Event of Default or Potential Default; and the Borrower shall have delivered to the Lender a certificate of its Chief Executive Officer, President and Chief Financial Officer dated the Closing Date, to each such effect.\n(C) All legal details and proceedings taken or to be taken in connection with the transactions contemplated hereby and all documents incident thereto shall be satisfactory in substance and form to the Lender and its counsel, and the Lender and its counsel shall have received all such counterpart originals or certified or other copies of such documents as the Lender or its counsel may reasonably request.", "hash": "fe80e9e4d3c557213771d9b9a0b001a2", "id": 3}, {"samples": [{"hash": "fNrPkQo2H4p", "uri": "/contracts/fNrPkQo2H4p#the-bridge-loan", "label": "Loan Agreement (Consolidated Water Co LTD)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "the-bank", "type": "clause", "offset": [0, 8]}, {"key": "subject-to-the", "type": "definition", "offset": [17, 31]}, {"key": "completion-of-the-acquisition", "type": "clause", "offset": [32, 61]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [71, 95]}, {"key": "in-this-agreement", "type": "clause", "offset": [106, 123]}, {"key": "to-the-borrower", "type": "clause", "offset": [134, 149]}, {"key": "agrees-to", "type": "clause", "offset": [184, 193]}, {"key": "aggregate-maximum-amount", "type": "definition", "offset": [239, 263]}], "snippet": "The Bank agrees, subject to the completion of the Acquisition and upon the terms and conditions set forth in this agreement, to grant to the Borrower the Bridge Loan, and the Borrower agrees to accept the Bridge Loan from the Bank, in the aggregate maximum amount of seventeen million one hundred thousand Dollars ($17,100,000.00).", "hash": "7428ea5088d8e2969b39cd2918577857", "id": 4}, {"samples": [{"hash": "866pJxnoKzq", "uri": "/contracts/866pJxnoKzq#the-bridge-loan", "label": "Bridge Loan Agreement (Sibling Group Holdings, Inc.)", "score": 27.1793292266, "published": true}], "size": 1, "snippet_links": [{"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [25, 63]}, {"key": "to-borrower", "type": "definition", "offset": [73, 84]}, {"key": "sum-of", "type": "clause", "offset": [89, 95]}, {"key": "bridge-loan", "type": "definition", "offset": [111, 122]}], "snippet": "Lender agrees, under the terms and conditions of this Agreement, to lend to Borrower the sum of $100,000 (the \u201cBridge Loan\u201d).", "hash": "0408e1aba34a327cdaada4dcde5c0519", "id": 5}, {"samples": [{"hash": "iw3BrAV43EI", "uri": "/contracts/iw3BrAV43EI#the-bridge-loan", "label": "Bridge Loan Agreement (Techscience Industries Inc)", "score": 16.0, "published": true}], "size": 1, "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [62, 68]}, {"key": "loan-shall", "type": "definition", "offset": [162, 172]}, {"key": "convertible-promissory-note", "type": "definition", "offset": [200, 227]}, {"key": "incorporated-herein-by-reference", "type": "clause", "offset": [281, 313]}, {"key": "at-the-closing", "type": "definition", "offset": [328, 342]}, {"key": "delivery-service", "type": "clause", "offset": [421, 437]}, {"key": "deliver-to", "type": "definition", "offset": [494, 504]}, {"key": "executed-copy", "type": "clause", "offset": [517, 530]}, {"key": "the-note", "type": "clause", "offset": [534, 542]}, {"key": "bridge-loan-proceeds", "type": "clause", "offset": [548, 568]}, {"key": "wire-transfer", "type": "definition", "offset": [601, 614]}, {"key": "bank-account", "type": "clause", "offset": [650, 662]}, {"key": "in-writing", "type": "clause", "offset": [694, 704]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [723, 743]}, {"key": "payable-to", "type": "definition", "offset": [773, 783]}, {"key": "order-of", "type": "clause", "offset": [788, 796]}], "snippet": "TSCI hereby lends to PPI and PPI hereby accepts from TSCI the sum of One Hundred and Fifty Thousand and 00/100 ($150,000) Dollars (the ABridge Loan\"). The Bridge Loan shall be evidenced by a secured, convertible promissory note in the form annexed hereto as Exhibit \"A\" and hereby incorporated herein by reference (the \"Note\"). At the closing of the Bridge Loan which shall take place via facsimile and overnight package delivery service not later than March 3, 1999 (the \"Closing\"), PPI shall deliver to TSCI a duly executed copy of the Note. The Bridge Loan proceeds shall be evidenced by a Federal wire transfer effectuated at the Closing to such bank account as PPI shall have advised TSCI in writing at least 24 hours prior to the Closing, or by TSCI's business check payable to the order of PPI and delivered to PPI at the Closing.", "hash": "9a91f51530220f0296ce4f1d7a8c286e", "id": 6}, {"samples": [{"hash": "hF470S70arO", "uri": "/contracts/hF470S70arO#the-bridge-loan", "label": "Bridge Loan Agreement (Radview Software LTD)", "score": 19.0, "published": true}], "size": 1, "snippet_links": [{"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [19, 57]}, {"key": "lender-agrees-to-provide", "type": "clause", "offset": [63, 87]}, {"key": "a-loan", "type": "definition", "offset": [104, 110]}, {"key": "aggregate-amount", "type": "definition", "offset": [118, 134]}, {"key": "the-company-shall", "type": "clause", "offset": [227, 244]}, {"key": "the-principal-amount", "type": "definition", "offset": [249, 269]}, {"key": "in-accordance-with", "type": "definition", "offset": [270, 288]}, {"key": "by-the-lender", "type": "clause", "offset": [312, 325]}, {"key": "a-copy-of", "type": "clause", "offset": [341, 350]}, {"key": "to-lender", "type": "definition", "offset": [386, 395]}, {"key": "schedule-of-exceptions", "type": "clause", "offset": [425, 447]}, {"key": "the-preamble", "type": "clause", "offset": [479, 491]}, {"key": "article-2", "type": "clause", "offset": [495, 504]}, {"key": "first-installment", "type": "clause", "offset": [542, 559]}, {"key": "lender-and-borrower", "type": "definition", "offset": [781, 800]}, {"key": "provided-that", "type": "clause", "offset": [802, 815]}, {"key": "the-budget", "type": "definition", "offset": [851, 861]}, {"key": "rate-of", "type": "clause", "offset": [1225, 1232]}, {"key": "the-interest", "type": "definition", "offset": [1301, 1313]}, {"key": "shall-begin", "type": "definition", "offset": [1442, 1453]}, {"key": "interest-on-the", "type": "clause", "offset": [1464, 1479]}, {"key": "loan-date", "type": "clause", "offset": [1559, 1568]}, {"key": "agreement-or", "type": "definition", "offset": [1675, 1687]}, {"key": "repayment-of-the-loan", "type": "clause", "offset": [1692, 1713]}, {"key": "date-of", "type": "clause", "offset": [1730, 1737]}, {"key": "early-repayment-date", "type": "definition", "offset": [1829, 1849]}], "snippet": "(a) Subject to the terms and conditions of this Agreement, the Lender agrees to provide to the Borrower a loan in the aggregate amount of up to $500,000 (the \u201cPrincipal Amount\u201d) in several installments as described herein.\n(b) The Company shall use the Principal Amount in accordance with a budget, pre approved by the Lender (the \u201cBudget\u201d) a copy of which has been previously provided to Lender and which is included in the Schedule of Exceptions and Disclosures referred to in the preamble to Article 2 below.\n(c) Lender shall transfer the first installment, in the aggregate amount of US$200,000 to the Borrower on Sunday, January 29th, 2006 (the \u201cFirst Installment\u201d).\n(d) Additional installments shall be loaned to the Borrower on an as-needed basis, as determined between the Lender and Borrower, provided that the Borrower is in compliance with the Budget and further provided that Lender and Borrower have executed, an Advancement of Installment Form, in the form attached hereto as Schedule 1.1(d) (each, an \u201cAdditional Installment\u201d, and collectively the \u201cAdditional Installments\u201d).\n(e) Each of the First Installment and any Additional Installment of the Principal Amount shall accrue and bear interest at the annual rate of eight percent (8%) (\u201cInterest\u201d). The Principal Amount together with the Interest shall be referred to herein as the \u201cLoan\u201d. Each of the First Installment and any Additional Installment of the Principal Amount shall begin to accrue Interest on the date on which it was actually advanced by the Lender to the Borrower (each, a \u201cLoan Date\u201d) and until the earlier of conversion in accordance with the terms and conditions of the Convertible Loan Agreement or the repayment of the Loan on the Maturity Date of the Convertible Loan (as such term is defined in the Convertible Loan Agreement) or on the Early Repayment Date.", "hash": "86e7ce66398a519b0dcb4543f424ef66", "id": 7}, {"samples": [{"hash": "8ejt8nhBbTS", "uri": "/contracts/8ejt8nhBbTS#the-bridge-loan", "label": "Loan Agreement (Autobytel Com Inc)", "score": 16.0, "published": true}], "size": 1, "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [15, 24]}, {"key": "to-be-deposited", "type": "definition", "offset": [103, 118]}, {"key": "escrow-account", "type": "clause", "offset": [127, 141]}, {"key": "by-wire-transfer", "type": "clause", "offset": [142, 158]}, {"key": "pursuant-to", "type": "definition", "offset": [159, 170]}], "snippet": "Company hereby agrees to loan to Benvenuto the amount of thirty thousand dollars ($30,000.00) such sum to be deposited into an escrow account by wire transfer pursuant to instructions provided by Benvenuto.", "hash": "9ed939773f16c99e4cd5abd28705b0c6", "id": 8}, {"samples": [{"hash": "94jM0lJtNat", "uri": "/contracts/94jM0lJtNat#the-bridge-loan", "label": "Offer to Purchase (Borland Software Corp)", "score": 19.0, "published": true}], "size": 1, "snippet_links": [{"key": "summary-of-the", "type": "clause", "offset": [19, 33]}, {"key": "loan-and-security-agreement", "type": "clause", "offset": [34, 61]}, {"key": "dated-as-of", "type": "definition", "offset": [63, 74]}, {"key": "intellectual-property-security-agreement", "type": "definition", "offset": [132, 172]}, {"key": "entered-into", "type": "clause", "offset": [257, 269]}, {"key": "terms-and-conditions-of-the-loan", "type": "clause", "offset": [447, 479]}, {"key": "the-intellectual-property", "type": "clause", "offset": [507, 532]}, {"key": "reference-to", "type": "definition", "offset": [588, 600]}, {"key": "copies-of", "type": "definition", "offset": [679, 688]}, {"key": "tender-offer-statement", "type": "definition", "offset": [724, 746]}, {"key": "schedule-to", "type": "clause", "offset": [750, 761]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [787, 825]}, {"key": "by-the-purchaser", "type": "clause", "offset": [826, 842]}, {"key": "in-connection-with", "type": "clause", "offset": [855, 873]}, {"key": "offer-to-purchase", "type": "clause", "offset": [920, 937]}, {"key": "delivery-of-the", "type": "clause", "offset": [993, 1008]}, {"key": "a-loan", "type": "definition", "offset": [1061, 1067]}, {"key": "related-documents", "type": "definition", "offset": [1137, 1154]}, {"key": "maximum-amount", "type": "definition", "offset": [1216, 1230]}, {"key": "terms-of-the-loan", "type": "clause", "offset": [1256, 1273]}, {"key": "to-provide", "type": "definition", "offset": [1317, 1327]}, {"key": "initial-funding", "type": "clause", "offset": [1345, 1360]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [1401, 1431]}, {"key": "schedule-14d-9", "type": "definition", "offset": [1491, 1505]}, {"key": "to-fund", "type": "definition", "offset": [1508, 1515]}, {"key": "an-additional", "type": "clause", "offset": [1516, 1529]}, {"key": "interest-on-the", "type": "clause", "offset": [1737, 1752]}, {"key": "daily-balance", "type": "definition", "offset": [1765, 1778]}, {"key": "date-of-disbursement", "type": "definition", "offset": [1796, 1816]}, {"key": "satisfaction-in-full", "type": "clause", "offset": [1823, 1843]}, {"key": "per-annum", "type": "definition", "offset": [1850, 1859]}, {"key": "default-rate-of-interest", "type": "definition", "offset": [1868, 1892]}, {"key": "equal-to", "type": "definition", "offset": [1893, 1901]}, {"key": "lesser-of", "type": "definition", "offset": [1906, 1915]}, {"key": "maximum-rate", "type": "definition", "offset": [1937, 1949]}, {"key": "all-personal-property", "type": "clause", "offset": [2005, 2026]}, {"key": "contract-rights", "type": "definition", "offset": [2060, 2075]}, {"key": "general-intangibles", "type": "clause", "offset": [2077, 2096]}, {"key": "policies-and-certificates-of-insurance", "type": "clause", "offset": [2129, 2167]}, {"key": "investment-property", "type": "clause", "offset": [2186, 2205]}, {"key": "service-marks", "type": "definition", "offset": [2266, 2279]}, {"key": "trade-names", "type": "definition", "offset": [2281, 2292]}, {"key": "patent-applications", "type": "definition", "offset": [2318, 2337]}, {"key": "computer-programs", "type": "definition", "offset": [2339, 2356]}, {"key": "source-code", "type": "definition", "offset": [2361, 2372]}, {"key": "the-security-interest", "type": "definition", "offset": [2387, 2408]}, {"key": "silicon-valley-bank", "type": "definition", "offset": [2473, 2492]}, {"key": "agreement-between", "type": "clause", "offset": [2539, 2556]}, {"key": "to-borrow", "type": "clause", "offset": [2642, 2651]}, {"key": "pursuant-to-such", "type": "clause", "offset": [2664, 2680]}, {"key": "outstanding-principal-amount", "type": "definition", "offset": [2756, 2784]}, {"key": "interest-accrued", "type": "definition", "offset": [2813, 2829]}, {"key": "due-and-payable", "type": "clause", "offset": [2854, 2869]}, {"key": "maturity-date", "type": "clause", "offset": [2917, 2930]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [2936, 2964]}, {"key": "payment-of-shares", "type": "clause", "offset": [3122, 3139]}, {"key": "common-stock", "type": "clause", "offset": [3152, 3164]}, {"key": "prior-to-the", "type": "clause", "offset": [3294, 3306]}, {"key": "close-of-business", "type": "clause", "offset": [3307, 3324]}, {"key": "on-december", "type": "clause", "offset": [3325, 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"termination-fee", "type": "definition", "offset": [4658, 4673]}, {"key": "payable-to", "type": "definition", "offset": [4692, 4702]}, {"key": "definitive-agreement", "type": "definition", "offset": [4791, 4811]}, {"key": "in-respect-of", "type": "clause", "offset": [4812, 4825]}, {"key": "acquisition-proposal", "type": "definition", "offset": [4858, 4878]}, {"key": "refer-to", "type": "definition", "offset": [5055, 5063]}, {"key": "shares-of-capital-stock", "type": "clause", "offset": [5119, 5142]}, {"key": "one-year-anniversary", "type": "definition", "offset": [5168, 5188]}, {"key": "date-of-termination", "type": "clause", "offset": [5196, 5215]}, {"key": "default-under", "type": "clause", "offset": [5255, 5268]}, {"key": "fails-to-pay", "type": "clause", "offset": [5338, 5350]}, {"key": "the-obligations", "type": "clause", "offset": [5358, 5373]}, {"key": "other-obligations", "type": "definition", "offset": [5437, 5454]}, {"key": "loan-documentation", "type": "definition", "offset": [5487, 5505]}, {"key": "subject-to", "type": "definition", "offset": [5507, 5517]}, {"key": "certain-cure-rights", "type": "clause", "offset": [5518, 5537]}, {"key": "loan-documents", "type": "definition", "offset": [5609, 5623]}, {"key": "there-occurs-a", "type": "definition", "offset": [5644, 5658]}, {"key": "breach-or-failure-to-perform", "type": "clause", "offset": [5668, 5696]}, {"key": "triggering-event", "type": "clause", "offset": [5728, 5744]}, {"key": "the-termination", "type": "clause", "offset": [5786, 5801]}, {"key": "material-adverse-effect", "type": "definition", "offset": [5864, 5887]}, {"key": "an-event", "type": "clause", "offset": [5975, 5983]}, {"key": "material-diminution", "type": "definition", "offset": [6009, 6028]}, {"key": "the-value", "type": "clause", "offset": [6032, 6041]}, {"key": "adversely-affects", "type": "definition", "offset": [6049, 6066]}, {"key": "the-collateral", "type": "definition", "offset": [6115, 6129]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [6179, 6195]}, {"key": "material-portion", "type": "definition", "offset": [6206, 6222]}, {"key": "agreement-to", "type": "definition", "offset": [6534, 6546]}, {"key": "a-party", "type": "clause", "offset": [6565, 6572]}, {"key": "party-or-parties", "type": "clause", "offset": [6586, 6602]}, {"key": "indebtedness-of", "type": "clause", "offset": [6716, 6731]}, {"key": "release-of", "type": "clause", "offset": [6838, 6848]}, {"key": "material-misrepresentation", "type": "definition", "offset": [6904, 6930]}, {"key": "material-misstatement", "type": "definition", "offset": [6934, 6955]}, {"key": "agreement-or", "type": "definition", "offset": [7032, 7044]}], "snippet": "The following is a summary of the Loan and Security Agreement, dated as of October 8, 2002 (the \u201cLoan and Security Agreement\u201d), and Intellectual Property Security Agreement, dated as of October 8, 2002 (the \u201cIntellectual Property Security Agreement\u201d), each entered into between Borland and Starbase, and the bridge loan (\u201cBridge Loan\u201d) to be funded by Borland thereunder. The following summary does not purport to be a complete description of the terms and conditions of the Loan and Security Agreement and the Intellectual Property Security Agreement and is qualified in its entirety by reference to the Loan and Security Agreement and Intellectual Property Security Agreement, copies of which are filed as exhibits to the Tender Offer Statement on Schedule TO that has been filed with the Securities and Exchange Commission by the Purchaser and Borland in connection with the Offer, and which are incorporated in this Offer to Purchase by reference. Contemporaneously with the execution and delivery of the Merger Agreement, Borland and Starbase entered into a Loan and Security Agreement, Intellectual Property Security Agreement and related documents providing for the Bridge Loan from Borland to Starbase, in a maximum amount of $2,000,000. Under the terms of the Loan and Security Agreement, B\u2587\u2587\u2587\u2587\u2587\u2587 has agreed to provide Starbase with an initial funding of $750,000 of the Bridge Loan upon the satisfaction of the conditions specified therein (including the filing by Starbase of its Schedule 14D-9), to fund an additional $500,000 of the Bridge Loan on the 30-day anniversary of the initial funding and to fund an additional $750,000 of the Bridge Loan on the 60-day anniversary of the initial funding. The Bridge Loan will bear interest on the outstanding daily balance thereof from the date of disbursement until satisfaction in full at 8% per annum, with a default rate of interest equal to the lesser of 13% per annum or the maximum rate permissible by law. The Bridge Loan will be secured by all personal property of Starbase, including accounts, contract rights, general intangibles, goods, instruments, documents, policies and certificates of insurance, deposits, money, investment property, inventory and intellectual property (including trademarks, service marks, trade names, service names, patents, patent applications, computer programs and source code) of Starbase. The security interest of Borland will be subordinate only to the security interest of Silicon Valley Bank pursuant to the Accounts Receivables Purchase Agreement between Starbase and Silicon Valley Bank dated as of April 19, 2002. Starbase has agreed not to borrow any amounts pursuant to such agreement while any amounts are owed to Borland under the Bridge Loan. The outstanding principal amount of the Bridge Loan (and any interest accrued thereon) is immediately due and payable upon the earliest of the following dates (the \u201cMaturity Date\u201d): \u2022 except as otherwise provided below, in the event that the Merger Agreement is terminated (a) by either Borland or Starbase (i) if the Offer shall have expired without the acceptance for payment of shares of Starbase common stock in the Offer or (ii) if the acceptance for payment of shares of Starbase common stock in the Offer shall not have occurred on or prior to the close of business on December 15, 2002, and, in either such case, all conditions to the Offer (other than the Minimum Condition) have been satisfied, or (b) by Starbase by reason of the failure of B\u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 representations and warranties to be true in all material respects, or Borland\u2019s failure to have performed or complied in all material respects with any of its covenants set forth in the Merger Agreement, the date 14 calendar days after such termination; \u2022 except as otherwise provided below, in the event that the Merger Agreement is terminated by Starbase by reason of it proposing to enter into an agreement with respect to a Superior Proposal or approving or recommending a Superior Proposal, on the date immediately prior to such termination; \u2022 except as otherwise provided below, in the event of a termination of the Merger Agreement for any other reason, on the date on which the Merger Agreement is terminated; \u2022 on the date on which any event of default occurs under the Loan and Security Agreement; or \u2022 December 15, 2002. Notwithstanding the foregoing, in the event that the Maturity Date occurs by reason of any termination of the Merger Agreement, $550,000 of the outstanding principal amount of the Bridge Loan (and any interest accrued thereon) shall not become due and payable until the earliest to occur of: (A) such time as a termination fee, if any, would be payable to Borland by Starbase under the Merger Agreement; (B) such time as Starbase enters into a definitive agreement in respect of, or approves or recommends, any Acquisition Proposal (as defined in the Merger Agreement), or agrees or resolves to do any of the foregoing, provided, that solely for this purpose an \u201cAcquisition Proposal\u201d shall not be deemed to refer to a transaction involving 25% or less of the outstanding shares of capital stock of Starbase; and (C) the one year anniversary of the date of termination of the Merger Agreement. The events of default under the Loan and Security Agreement include the following: \u2022 if Starbase fails to pay any of the obligations thereunder when due; \u2022 if Starbase fails to perform any of its other obligations thereunder or under any related loan documentation, subject to certain cure rights; \u2022 if Silicon Valley Bank exercises any of its rights under any of its loan documents with Starbase; \u2022 if there occurs a default, breach or failure to perform on the part of Starbase, or a \u201cTriggering Event\u201d under the Merger Agreement resulting in the termination of the Merger Agreement; \u2022 if, in Borland\u2019s determination, a \u201cMaterial Adverse Effect\u201d (as defined in the Loan and Security Agreement) shall have occurred on Starbase; \u2022 if an event occurs that results in a material diminution of the value of, or adversely affects the priority of Borland\u2019s security interest in, the Collateral (as defined in the Loan and Security Agreement), taken as a whole; \u2022 if any material portion of Starbase\u2019s assets is attached, seized, subjected to a writ or distress warrant, or is levied upon; \u2022 if Starbase or any of its subsidiaries becomes insolvent, or if an insolvency, bankruptcy or similar proceeding is commenced by or against Starbase or any of its subsidiaries; \u2022 if there is a default in any agreement to which Starbase is a party with a third party or parties resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any indebtedness of Starbase in an amount in excess of $100,000 or that could have a Material Adverse Effect or result in any release of any source code for any Starbase software; or \u2022 if any material misrepresentation or material misstatement exists in any warranty or representation set forth in the Loan and Security Agreement or any related document or the Merger Agreement, or in any document or certificate delivered to Borland pursuant thereto or to induce Borland to enter into any of such documents.", "hash": "4fa9e12acf738697fbebc676f1539229", "id": 9}, {"samples": [{"hash": "6jGD7l07O3N", "uri": "/contracts/6jGD7l07O3N#the-bridge-loan", "label": "Loan and Option Agreement (Blue Dolphin Energy Co)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "loan-closing", "type": "definition", "offset": [14, 26]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [62, 92]}, {"key": "section-22", "type": "clause", "offset": [106, 117]}, {"key": "total-loan", "type": "definition", "offset": [178, 188]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [230, 251]}, {"key": "the-transaction", "type": "clause", "offset": [280, 295]}, {"key": "section-21", "type": "clause", "offset": [336, 347]}, {"key": "bridge-loan-transaction", "type": "clause", "offset": [378, 401]}], "snippet": "At the Bridge Loan Closing (as hereinafter defined), upon the satisfaction of the conditions set forth in Section 2.2, Blue Dolphin will loan $1,700,000 to LLRII, resulting in a total loan of $2,000,000 from Blue Dolphin to LLRII pursuant to the terms hereof (the \"Bridge Loan\"). The transaction described in the first sentence of this Section 2.1 is referred to herein as the \"Bridge Loan Transaction.\"", "hash": "38f518471fc11cc3a0d8be84e60dbccd", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihh0aGUtYnJpZGdlLWxvYW4jMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "The Bridge Loan", "children": [["the-bridge-loan", "The Bridge Loan"], ["interest", "Interest"], ["funding-of-borrowings", "Funding of Borrowings"], ["bridge-loan", "Bridge Loan"], ["taxes", "Taxes"]], "parents": [["the-bridge-loan", "The Bridge Loan"], ["existence-power", "Existence; Power"], ["events-of-default", "Events of Default"], ["conditions-of-lending", "CONDITIONS OF LENDING"], ["amounts-and-terms-of-the-loans", "Amounts and Terms of the Loans"]], "size": 20, "id": "the-bridge-loan", "related": [["bridge-loan", "Bridge Loan", "Bridge Loan"], ["loan-amount", "Loan Amount", "Loan Amount"], ["the-loan", "The Loan", "The Loan"], ["term-loan-a", "Term Loan A", "Term Loan A"], ["term-loan-b", "Term Loan B", "Term Loan B"]], "related_snippets": [], "updated": "2025-07-07T12:37:57+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Bridge Loan clause defines the terms under which a temporary, short-term loan is provided to a borrower, typically to cover immediate financing needs until more permanent funding is secured. This clause outlines key details such as the loan amount, interest rate, repayment schedule, and the conditions under which the bridge loan must be repaid, often referencing the anticipated future financing event. Its core practical function is to ensure that the borrower has access to necessary funds during a transitional period, thereby addressing cash flow gaps and enabling ongoing operations or transactions until long-term financing is arranged."}, "json": true, "cursor": ""}}