{"component": "definition", "props": {"groups": [{"snippet": "means (a) Net Cash Proceeds from the issuance of any common Equity Interests of the Parent REIT after the First Amendment Effective Date in an aggregate amount of up to $500,000,000 to be used to acquire one or more Unencumbered Borrowing Base Properties, (b) Net Cash Proceeds of Dispositions after the First Amendment Effective Date in the aggregate amount of up to $500,000,0001,000,000,000 that the Borrower has designated in writing as being held for reinvestment in one or more new Unencumbered Borrowing Base Properties; provided that, if any such Net Cash Proceeds in excess of $200,000,000400,000,000 are not reinvested in one or more new Unencumbered Borrowing Base Properties on or before March 31June 30, 2022 (the \u201cExcess Un-Reinvested Proceeds\u201d), then such Excess Un-Reinvested Proceeds shall no longer be qualified as Excluded Net Proceeds and shall be used to make a mandatory prepayment required hereunder in accordance with Section 2.03(b), and (c) Net Cash Proceeds from Permitted Preferred Issuances which are contemporaneously (or not later than thirty (30) days after the issuance thereof) being used to redeem existing preferred Equity Interests of the Parent REIT.", "samples": [{"hash": "jkZVO362pHu", "uri": "/contracts/jkZVO362pHu#excluded-net-proceeds", "label": "Credit Agreement (Pebblebrook Hotel Trust)", "score": 32.950717926, "published": true}, {"hash": "cTRYV7kg2um", "uri": "/contracts/cTRYV7kg2um#excluded-net-proceeds", "label": "Credit Agreement (Pebblebrook Hotel Trust)", "score": 32.950717926, "published": true}], "snippet_links": [{"key": "net-cash-proceeds", "type": "clause", "offset": [10, 27]}, {"key": "the-issuance", "type": "clause", "offset": [33, 45]}, {"key": "common-equity-interests", "type": "definition", "offset": [53, 76]}, {"key": "parent-reit", "type": "definition", "offset": [84, 95]}, {"key": "first-amendment-effective-date", "type": "definition", "offset": [106, 136]}, {"key": "aggregate-amount", "type": "definition", "offset": [143, 159]}, {"key": "to-acquire", "type": "definition", "offset": [193, 203]}, {"key": "unencumbered-borrowing-base-properties", "type": "definition", "offset": [216, 254]}, {"key": "proceeds-of-dispositions", "type": "clause", "offset": [269, 293]}, {"key": "in-the-aggregate", "type": "definition", "offset": [335, 351]}, {"key": "the-borrower", "type": "clause", "offset": [399, 411]}, {"key": "in-writing", "type": "definition", "offset": [427, 437]}, {"key": "provided-that", "type": "definition", "offset": [528, 541]}, {"key": "reinvested-proceeds", "type": "definition", "offset": [738, 757]}, {"key": "mandatory-prepayment", "type": "clause", "offset": [883, 903]}, {"key": "in-accordance-with", "type": "clause", "offset": [923, 941]}, {"key": "permitted-preferred-issuances", "type": "definition", "offset": [990, 1019]}, {"key": "days-after", "type": "definition", "offset": [1079, 1089]}, {"key": "existing-preferred-equity-interests", "type": "definition", "offset": [1133, 1168]}], "size": 9, "hash": "c068d8af3a5c732e32a8f995db26e058", "id": 1}, {"snippet": "means Net Proceeds from any Asset Sale in respect of (x) any Foreign Restricted Subsidiary or Excluded Regulated Subsidiary to the extent such Net Proceeds are required pursuant to Requirements of Law (other than pursuant to such Restricted Subsidiary\u2019s organizational documents) to be used to assure compliance with capital requirements applicable to such Restricted Subsidiary; provided that, at such time as such Net Proceeds are no longer needed to assure compliance with such capital requirements, such Net Proceeds shall not constitute Excluded Net Proceeds or (y) any non-Wholly Owned Restricted Subsidiary to the extent that such Net Proceeds are required to be distributed (and have been distributed) to the shareholders of such Restricted Subsidiary who are not the Issuer or any Restricted Subsidiary thereof in compliance with Section 4.07.", "samples": [{"hash": "6znD9Pn0rWH", "uri": "/contracts/6znD9Pn0rWH#excluded-net-proceeds", "label": "Indenture (StoneX Group Inc.)", "score": 36.5153999329, "published": true}, {"hash": "ifVZgPdzYBb", "uri": "/contracts/ifVZgPdzYBb#excluded-net-proceeds", "label": "Indenture (Intl Fcstone Inc.)", "score": 29.4421634674, "published": true}, {"hash": "f6TV1EhkqzQ", "uri": "https://ir.stonex.com/static-files/5a3a8d9d-357a-4e64-b849-11e95360ffdf", "label": "ir.stonex.com", "score": 10.2210817337, "published": false}], "snippet_links": [{"key": "asset-sale", "type": "definition", "offset": [28, 38]}, {"key": "in-respect-of", "type": "clause", "offset": [39, 52]}, {"key": "foreign-restricted-subsidiary", "type": "definition", "offset": [61, 90]}, {"key": "excluded-regulated-subsidiary", "type": "definition", "offset": [94, 123]}, {"key": "to-the-extent", "type": "clause", "offset": [124, 137]}, {"key": "requirements-of-law", "type": "definition", "offset": [181, 200]}, {"key": "pursuant-to-such", "type": "clause", "offset": [213, 229]}, {"key": "organizational-documents", "type": "definition", "offset": [254, 278]}, {"key": "compliance-with-capital-requirements", "type": "clause", "offset": [301, 337]}, {"key": "applicable-to", "type": "clause", "offset": [338, 351]}, {"key": "provided-that", "type": "definition", "offset": [380, 393]}, {"key": "any-non", "type": "clause", "offset": [571, 578]}, {"key": "wholly-owned-restricted-subsidiary", "type": "definition", "offset": [579, 613]}, {"key": "to-the-shareholders", "type": "clause", "offset": [710, 729]}, {"key": "the-issuer", "type": "definition", "offset": [772, 782]}, {"key": "compliance-with-section", "type": "clause", "offset": [823, 846]}], "size": 5, "hash": "2587d5e6a8816979b363b5d2513ca5ac", "id": 2}, {"snippet": "means (i) with respect to any Net Proceeds received from the incurrence of any Indebtedness of Holdings or any of its Restricted Subsidiaries, such portion of such Net Proceeds that are then required to be paid to the holders of the Senior Initial Loans pursuant to the terms thereof and are permitted to be so paid pursuant to Section 6.06, and (ii) with respect to any Net Proceeds received from the incurrence of any Indebtedness of Holdings, such amount of such Net Proceeds as is required to prepay the Holdco Initial Loans pursuant to the terms thereof and are permitted to be so paid pursuant to Section 6.06.", "samples": [{"hash": "jUvgATIIpCG", "uri": "/contracts/jUvgATIIpCG#excluded-net-proceeds", "label": "Credit Agreement (Music123, Inc.)", "score": 22.6016426086, "published": true}, {"hash": "duxA3KbwB5K", "uri": "/contracts/duxA3KbwB5K#excluded-net-proceeds", "label": "Credit Agreement (Music123, Inc.)", "score": 22.6016426086, "published": true}, {"hash": "74PnFS4TmEU", "uri": "/contracts/74PnFS4TmEU#excluded-net-proceeds", "label": "Credit Agreement (Music123, Inc.)", "score": 22.4921283722, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "net-proceeds", "type": "definition", "offset": [30, 42]}, {"key": "indebtedness-of-holdings", "type": "clause", "offset": [79, 103]}, {"key": "restricted-subsidiaries", "type": "clause", "offset": [118, 141]}, {"key": "holders-of", "type": "clause", "offset": [218, 228]}, {"key": "senior-initial-loans", "type": "definition", "offset": [233, 253]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [254, 275]}, {"key": "pursuant-to-section", "type": "definition", "offset": [316, 335]}, {"key": "holdco-initial-loans", "type": "definition", "offset": [508, 528]}], "size": 4, "hash": "9b89a5e46711751dd5834a58b6e7b17a", "id": 3}, {"snippet": "means (i) with respect to any Net Proceeds received from a sale, transfer or disposition of any Revolver Priority Collateral or any event described in clause (b) of the definition of \u201cPrepayment Event\u201d with respect to any of the Revolver Priority Collateral only, if no Cash Dominion Event has occurred and is continuing or would arise therefrom, such amount of such Net Proceeds as is required to be paid to the lenders under the Term Loan Financing Facility and (ii) with respect to any Net Proceeds received from any other Prepayment Event, such amount of such Net Proceeds as is required to be paid to the lenders under the Term Loan Financing Facility.", "samples": [{"hash": "jHL7MKcWYyr", "uri": "/contracts/jHL7MKcWYyr#excluded-net-proceeds", "label": "Credit Agreement (Music123, Inc.)", "score": 22.6016426086, "published": true}, {"hash": "7GFUHaDEgBS", "uri": "/contracts/7GFUHaDEgBS#excluded-net-proceeds", "label": "Credit Agreement (Music123, Inc.)", "score": 22.6016426086, "published": true}, {"hash": "esj0SzRen7N", "uri": "/contracts/esj0SzRen7N#excluded-net-proceeds", "label": "Credit Agreement (Music123, Inc.)", "score": 22.4921283722, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "net-proceeds", "type": "definition", "offset": [30, 42]}, {"key": "disposition-of", "type": "clause", "offset": [77, 91]}, {"key": "revolver-priority-collateral", "type": "definition", "offset": [96, 124]}, {"key": "in-clause", "type": "clause", "offset": [148, 157]}, {"key": "the-definition-of", "type": "clause", "offset": [165, 182]}, {"key": "cash-dominion-event", "type": "clause", "offset": [270, 289]}, {"key": "the-lenders", "type": "clause", "offset": [409, 420]}, {"key": "term-loan-financing-facility", "type": "definition", "offset": [431, 459]}, {"key": "other-prepayment-event", "type": "definition", "offset": [520, 542]}], "size": 4, "hash": "b7c004aa69e855fc1bc4d964e691c2a6", "id": 4}, {"snippet": "means Net Proceeds from any Asset Sale in respect of (x) any Foreign Restricted Subsidiary or Excluded Regulated Restricted Subsidiary to the extent such Net Proceeds are required pursuant to Legal Requirements (other than pursuant to such Restricted Subsidiary\u2019s organizational documents) to be used to assure compliance with capital requirements applicable to such Restricted Subsidiary, provided that at such time as such Net Proceeds are no longer needed to assure compliance with such capital requirements, such Net Proceeds shall not constitute Excluded Net Proceeds, or (y) any non-Wholly Owned Restricted Subsidiary to the extent that such Net Proceeds are required to be distributed (and have been distributed) to the shareholders of such Restricted Subsidiary who are not the Company or any Restricted Subsidiary thereof.", "samples": [{"hash": "iCpsCZRpPIF", "uri": "/contracts/iCpsCZRpPIF#excluded-net-proceeds", "label": "Indenture (KCG Holdings, Inc.)", "score": 26.201915741, "published": true}, {"hash": "l081vzFph6X", "uri": "https://www.sec.gov/Archives/edgar/data/1569391/000119312513279128/d559202dex47.htm", "label": "Senior Secured Note (KCG Holdings, Inc.)", "score": 12.4962358475, "published": false}], "snippet_links": [{"key": "asset-sale", "type": "definition", "offset": [28, 38]}, {"key": "in-respect-of", "type": "clause", "offset": [39, 52]}, {"key": "foreign-restricted-subsidiary", "type": "definition", "offset": [61, 90]}, {"key": "to-the-extent", "type": "clause", "offset": [135, 148]}, {"key": "legal-requirements", "type": "clause", "offset": [192, 210]}, {"key": "pursuant-to-such", "type": "clause", "offset": [223, 239]}, {"key": "organizational-documents", "type": "definition", "offset": [264, 288]}, {"key": "compliance-with-capital-requirements", "type": "clause", "offset": [311, 347]}, {"key": "applicable-to", "type": "clause", "offset": [348, 361]}, {"key": "provided-that", "type": "definition", "offset": [390, 403]}, {"key": "any-non", "type": "clause", "offset": [581, 588]}, {"key": "wholly-owned-restricted-subsidiary", "type": "definition", "offset": [589, 623]}, {"key": "to-the-shareholders", "type": "clause", "offset": [720, 739]}, {"key": "the-company", "type": "clause", "offset": [782, 793]}], "size": 2, "hash": "6a65b0c0c29e2d9e1cd86b0c4a73ba5b", "id": 5}, {"snippet": "means Net Proceeds from any Asset Sale in respect of (x) any Foreign Restricted Subsidiary or Excluded Regulated Subsidiary to the extent such Net Proceeds are required pursuant to Legal Requirements (other than pursuant to such Restricted Subsidiary\u2019s organizational documents) to be used to assure compliance with capital requirements applicable to such Restricted Subsidiary, provided that at such time as such Net Proceeds are no longer needed to assure compliance with such capital requirements, such Net Proceeds shall not constitute Excluded Net Proceeds, or (y) any non-Wholly Owned Restricted Subsidiary to the extent that such Net Proceeds are required to be distributed (and have been distributed) to the shareholders of such Restricted Subsidiary who are not Holdings or any Restricted Subsidiary thereof. \u201cExcluded Property\u201d has the meaning set forth in the Security Agreement. \u201cExcluded Regulated Subsidiary\u201d means any Broker-Dealer Subsidiary, Subsidiary of a Broker-Dealer Subsidiary or other Subsidiary subject to regulation of capital adequacy. \u201cExcluded Subsidiary\u201d means (a) any Subsidiary that is not a Wholly Owned Subsidiary of Holdings on the Issue Date (or, if later, the date it first becomes a Subsidiary), (b) any Subsidiary that is prohibited by any contractual obligation existing on the Issue Date (or, if later, the date it first becomes a Subsidiary, so long as such prohibition was not incurred in connection with or in contemplation of the acquisition of such Subsidiary), from guaranteeing the Obligations under the Indenture Documents, (c) any Subsidiary that is prohibited by any Requirement of Law from guaranteeing the Obligations under the Indenture Documents or that would require the consent, approval, license or authorization of any Governmental Authority or any Regulatory Supervising Organization to guarantee the Obligations under the Indenture Documents (unless such consent, approval, license or authorization has been received), (d) any Subsidiary to the extent such Subsidiary guaranteeing the Obligations under the Indenture Documents would result in a material adverse tax consequence to Holdings and its Subsidiaries (including as a result of the operation of Section 956 of the Code or any similar law or regulation in any applicable jurisdiction) as reasonably determined by Holdings, (e) any not-for-profit Subsidiary, (f) any non-Wholly Owned Subsidiary, (g) any Subsidiary that would be required to be registered as an \u201cinvestment company\u201d under the Investment Company Act of 1940, as amended, and the rules and the regulations of the SEC thereunder, as a result of being a Guarantor (for so long as such Subsidiary would be required to so register as a result of being a Guarantor (unless such Subsidiary would be an Excluded Subsidiary, Immaterial Subsidiary, Excluded Regulated Subsidiary or Excluded Domestic Subsidiary at such time)), (h) any Special Purpose Securitization Subsidiary, (i) any not-for- profit subsidiary and (j) any other Subsidiary that Holdings and the Senior Credit Facility Agent shall have agreed to treat as an \u201cExcluded Subsidiary\u201d under and pursuant to the Senior Credit Agreement because the cost of such Subsidiary to provide such guarantees in respect of the Senior Credit Facility Debt (taking into account any adverse tax consequences to Holdings and its Affiliates (including the imposition of withholding or other material taxes)), shall be excessive in view of the benefits to be obtained by the Senior Credit Facility Lenders therefrom and for so long as such Subsidiary does not guaranty obligations under the Senior Credit Agreement and which determination shall be communicated in writing to the Collateral Agent by the Issuer or Senior Credit Facility Collateral Agent.", "samples": [{"hash": "bz54sG4Rv29", "uri": "/contracts/bz54sG4Rv29#excluded-net-proceeds", "label": "Indenture (Virtu Financial, Inc.)", "score": 33.5653648376, "published": true}], "snippet_links": [{"key": "asset-sale", "type": "definition", "offset": [28, 38]}, {"key": "in-respect-of", "type": "clause", "offset": [39, 52]}, {"key": "foreign-restricted-subsidiary", "type": "definition", "offset": [61, 90]}, {"key": "excluded-regulated-subsidiary", "type": "definition", "offset": [94, 123]}, {"key": "to-the-extent", "type": "clause", "offset": [124, 137]}, {"key": "legal-requirements", "type": "clause", "offset": [181, 199]}, {"key": "pursuant-to-such", "type": "clause", "offset": [212, 228]}, {"key": "organizational-documents", "type": "definition", "offset": [253, 277]}, {"key": "compliance-with-capital-requirements", "type": "clause", "offset": [300, 336]}, {"key": "applicable-to", "type": "clause", "offset": [337, 350]}, {"key": "provided-that", "type": "definition", "offset": [379, 392]}, {"key": "any-non", "type": "clause", "offset": [570, 577]}, {"key": "wholly-owned-restricted-subsidiary", "type": "definition", "offset": [578, 612]}, {"key": "to-the-shareholders", "type": "clause", "offset": [709, 728]}, {"key": "excluded-property", "type": "definition", "offset": [819, 836]}, {"key": "the-security-agreement", "type": "clause", "offset": [867, 889]}, {"key": "subsidiary-of-a", "type": "definition", "offset": [959, 974]}, {"key": "other-subsidiary", "type": "definition", "offset": [1003, 1019]}, {"key": "regulation-of", "type": "clause", "offset": [1031, 1044]}, {"key": "capital-adequacy", "type": "definition", "offset": [1045, 1061]}, {"key": "excluded-subsidiary", "type": "definition", "offset": [1064, 1083]}, {"key": "wholly-owned-subsidiary", "type": "definition", "offset": [1124, 1147]}, {"key": "issue-date", "type": "definition", "offset": [1167, 1177]}, {"key": "contractual-obligation", "type": "definition", "offset": [1279, 1301]}, {"key": "in-connection-with", "type": "clause", "offset": [1429, 1447]}, {"key": "in-contemplation", "type": "clause", "offset": [1451, 1467]}, {"key": "of-the-acquisition", "type": "clause", "offset": [1468, 1486]}, {"key": "indenture-documents", "type": "definition", "offset": [1552, 1571]}, {"key": "requirement-of-law", "type": "definition", "offset": [1618, 1636]}, {"key": "require-the", "type": "clause", "offset": [1715, 1726]}, {"key": "governmental-authority", "type": "definition", "offset": [1778, 1800]}, {"key": "regulatory-supervising-organization", "type": "definition", "offset": [1808, 1843]}, {"key": "material-adverse", "type": "clause", "offset": [2106, 2122]}, {"key": "operation-of", "type": "clause", "offset": [2202, 2214]}, {"key": "the-code", "type": "clause", "offset": [2230, 2238]}, {"key": "law-or-regulation", "type": "clause", "offset": [2254, 2271]}, {"key": "applicable-jurisdiction", "type": "clause", "offset": [2279, 2302]}, {"key": "by-holdings", "type": "clause", "offset": [2329, 2340]}, {"key": "the-investment-company-act-of-1940", "type": "clause", "offset": [2506, 2540]}, {"key": "as-amended", "type": "definition", "offset": [2542, 2552]}, {"key": "the-rules", "type": "clause", "offset": [2558, 2567]}, {"key": "the-regulations", "type": "clause", "offset": [2572, 2587]}, {"key": "immaterial-subsidiary", "type": "clause", "offset": [2799, 2820]}, {"key": "excluded-domestic-subsidiary", "type": "definition", "offset": [2855, 2883]}, {"key": "special-purpose-securitization-subsidiary", "type": "definition", "offset": [2908, 2949]}, {"key": "agent-shall", "type": "definition", "offset": [3060, 3071]}, {"key": "agreed-to", "type": "clause", "offset": [3077, 3086]}, {"key": "senior-credit-agreement", "type": "clause", "offset": [3147, 3170]}, {"key": "cost-of", "type": "definition", "offset": [3183, 3190]}, {"key": "to-provide", "type": "clause", "offset": [3207, 3217]}, {"key": "senior-credit-facility-debt", "type": "definition", "offset": [3252, 3279]}, {"key": "adverse-tax-consequences", "type": "clause", "offset": [3305, 3329]}, {"key": "material-taxes", "type": "definition", "offset": [3411, 3425]}, {"key": "in-view-of", "type": "definition", "offset": [3448, 3458]}, {"key": "the-benefits", "type": "clause", "offset": [3459, 3471]}, {"key": "senior-credit-facility-lenders", "type": "definition", "offset": [3494, 3524]}, {"key": "guaranty-obligations", "type": "definition", "offset": [3579, 3599]}, {"key": "in-writing", "type": "definition", "offset": [3680, 3690]}, {"key": "the-collateral-agent", "type": "definition", "offset": [3694, 3714]}, {"key": "by-the-issuer", "type": "clause", "offset": [3715, 3728]}, {"key": "credit-facility-collateral-agent", "type": "definition", "offset": [3739, 3771]}], "size": 2, "hash": "0f4986a69bf73121ef4e4f55fbb48bbc", "id": 6}, {"snippet": "means, (i) with respect to any Net Proceeds received from a sale, transfer or disposition of any of the Term Loan Priority Collateral and/or any Qualifying Senior Collateral, such portion of such Net Proceeds that are then required to be paid to the lenders under the Term Loan Financing Facility and/or any Qualifying Senior Secured Debt, (ii) with respect to any Net Proceeds received from any Indebtedness used to refinance the Term Loan Financing Facility and/or any Qualifying Senior Secured Debt or Qualifying Other Debt that is secured as permitted in accordance with this Agreement, such portion of such Net Proceeds that is required to be paid to the lenders under the Term Loan Financing Facility and/or Qualifying Senior Secured Debt or such Qualifying Other Debt and (iii) such portion of such Net Proceeds that are required to be paid to the lenders under the Term Loan Financing Facility and/or any Qualifying Senior Secured Debt or Qualifying Other Debt.", "samples": [{"hash": "2paM2cjstRo", "uri": "/contracts/2paM2cjstRo#excluded-net-proceeds", "label": "Credit Agreement (Burlington Stores, Inc.)", "score": 32.9726219177, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [11, 26]}, {"key": "net-proceeds", "type": "definition", "offset": [31, 43]}, {"key": "disposition-of", "type": "clause", "offset": [78, 92]}, {"key": "term-loan-priority-collateral", "type": "clause", "offset": [104, 133]}, {"key": "senior-collateral", "type": "definition", "offset": [156, 173]}, {"key": "the-lenders", "type": "clause", "offset": [246, 257]}, {"key": "term-loan-financing-facility", "type": "definition", "offset": [268, 296]}, {"key": "qualifying-senior-secured-debt", "type": "definition", "offset": [308, 338]}, {"key": "qualifying-other-debt", "type": "definition", "offset": [505, 526]}, {"key": "in-accordance-with", "type": "clause", "offset": [556, 574]}, {"key": "this-agreement", "type": "clause", "offset": [575, 589]}], "size": 2, "hash": "26afc46c0aa903d92a46cc8106448381", "id": 7}, {"snippet": "means, (i) with respect to any Net Proceeds received from a sale, transfer or disposition of any of the Term Loan Priority Collateral and/or any Qualifying Senior Collateral, or any event described in clause (b) of the definition of \u201cPrepayment Event\u201d with respect to any of the Term Loan Priority Collateral and/or any Qualifying Senior Collateral only, such portion of such Net Proceeds that are then required to be paid to the lenders under the Term Loan Financing Facility and/or any Qualifying Senior Secured Debt, (ii) with respect to any Net Proceeds received from any Indebtedness used to refinance the Term Loan Financing Facility and/or any Qualifying Senior Secured Debt as permitted in accordance with this Agreement, such portion of such Net Proceeds that is required to be paid to the lenders under the Term Loan Financing Facility and/or Qualifying Senior Secured Debt and (iii) with respect to any Net Proceeds received from any other Prepayment Event, if the Term Payment Availability Conditions are satisfied, and no Cash Dominion Event has occurred and is continuing or would arise therefrom, such portion of such Net Proceeds that are required to be paid to the lenders under the Term Loan Financing Facility and/or any Qualifying Senior Secured Debt.", "samples": [{"hash": "4JL1BQj5d2h", "uri": "/contracts/4JL1BQj5d2h#excluded-net-proceeds", "label": "Credit Agreement (Burlington Stores, Inc.)", "score": 25.6269683838, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [11, 26]}, {"key": "net-proceeds", "type": "definition", "offset": [31, 43]}, {"key": "disposition-of", "type": "clause", "offset": [78, 92]}, {"key": "term-loan-priority-collateral", "type": "clause", "offset": [104, 133]}, {"key": "senior-collateral", "type": "definition", "offset": [156, 173]}, {"key": "in-clause", "type": "clause", "offset": [198, 207]}, {"key": "the-definition-of", "type": "clause", "offset": [215, 232]}, {"key": "the-lenders", "type": "clause", "offset": [426, 437]}, {"key": "term-loan-financing-facility", "type": "definition", "offset": [448, 476]}, {"key": "qualifying-senior-secured-debt", "type": "definition", "offset": [488, 518]}, {"key": "in-accordance-with", "type": "clause", "offset": [695, 713]}, {"key": "this-agreement", "type": "clause", "offset": [714, 728]}, {"key": "other-prepayment-event", "type": "definition", "offset": [945, 967]}, {"key": "availability-conditions", "type": "definition", "offset": [989, 1012]}, {"key": "cash-dominion-event", "type": "clause", "offset": [1035, 1054]}], "size": 2, "hash": "f5f8cf8b28df7ea8525b64ea9351eeb0", "id": 8}, {"snippet": "means (a) Net Cash Proceeds from the issuance of any common Equity Interests of the Parent REIT after the Second Amendment Effective Date in an aggregate amount of up to $300,000,000 to be used to acquire one or more Unencumbered Borrowing Base Properties, (b) Net Cash Proceeds of Dispositions after the Second Amendment Effective Date in the aggregate amount of up to $200,000,000 that the Company has designated in writing as being held for reinvestment in one or more new Unencumbered Borrowing Base Properties and (c) Net Cash Proceeds from Permitted Preferred Issuances which are contemporaneously (or not later than thirty (30) days after the issuance thereof) being used to redeem existing preferred Equity Interests of the Parent REIT.", "samples": [{"hash": "hus10vtZRD3", "uri": "/contracts/hus10vtZRD3#excluded-net-proceeds", "label": "Note Purchase Agreement (Pebblebrook Hotel Trust)", "score": 31.4996585846, "published": true}], "snippet_links": [{"key": "net-cash-proceeds", "type": "clause", "offset": [10, 27]}, {"key": "the-issuance", "type": "clause", "offset": [33, 45]}, {"key": "common-equity-interests", "type": "definition", "offset": [53, 76]}, {"key": "parent-reit", "type": "definition", "offset": [84, 95]}, {"key": "second-amendment-effective-date", "type": "definition", "offset": [106, 137]}, {"key": "aggregate-amount", "type": "definition", "offset": [144, 160]}, {"key": "to-acquire", "type": "definition", "offset": [194, 204]}, {"key": "unencumbered-borrowing-base-properties", "type": "definition", "offset": [217, 255]}, {"key": "proceeds-of-dispositions", "type": "clause", "offset": [270, 294]}, {"key": "in-the-aggregate", "type": "definition", "offset": [337, 353]}, {"key": "the-company-has", "type": "definition", "offset": [388, 403]}, {"key": "in-writing", "type": "definition", "offset": [415, 425]}, {"key": "permitted-preferred-issuances", "type": "definition", "offset": [546, 575]}, {"key": "days-after", "type": "definition", "offset": [635, 645]}, {"key": "existing-preferred-equity-interests", "type": "definition", "offset": [689, 724]}], "size": 2, "hash": "819bbedd47f9acb30cc643dddcba6cb4", "id": 9}, {"snippet": "means (a) Net Cash Proceeds from the issuance of any common Equity Interests of the Parent REIT after the First Amendment Effective Date in an aggregate amount of up to $300,000,000 to be used to acquire one or more Unencumbered Borrowing Base Properties, (b) Net Cash Proceeds of Dispositions after the First Amendment Effective Date in the aggregate amount of up to", "samples": [{"hash": "1QA9MgmyJhW", "uri": "/contracts/1QA9MgmyJhW#excluded-net-proceeds", "label": "Credit Agreement (Pebblebrook Hotel Trust)", "score": 29.4996585846, "published": true}], "snippet_links": [{"key": "net-cash-proceeds", "type": "clause", "offset": [10, 27]}, {"key": "the-issuance", "type": "clause", "offset": [33, 45]}, {"key": "common-equity-interests", "type": "definition", "offset": [53, 76]}, {"key": "parent-reit", "type": "definition", "offset": [84, 95]}, {"key": "first-amendment-effective-date", "type": "definition", "offset": [106, 136]}, {"key": "aggregate-amount", "type": "definition", "offset": [143, 159]}, {"key": "to-acquire", "type": "definition", "offset": [193, 203]}, {"key": "unencumbered-borrowing-base-properties", "type": "definition", "offset": [216, 254]}, {"key": "proceeds-of-dispositions", "type": "clause", "offset": [269, 293]}, {"key": "in-the-aggregate", "type": "definition", "offset": [335, 351]}], "size": 2, "hash": "e5e3c31fef2470ae67266cb7d7d639f3", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIeZXhjbHVkZWQtbmV0LXByb2NlZWRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Excluded Net Proceeds", "snippet": "means (a) Net Cash Proceeds from the issuance of any common Equity Interests of the Parent REIT after the First Amendment Effective Date in an aggregate amount of up to $500,000,000 to be used to acquire one or more Unencumbered Borrowing Base Properties, (b) Net Cash Proceeds of Dispositions after the First Amendment Effective Date in the aggregate amount of up to $500,000,0001,000,000,000 that the Borrower has designated in writing as being held for reinvestment in one or more new Unencumbered Borrowing Base Properties; provided that, if any such Net Cash Proceeds in excess of $200,000,000400,000,000 are not reinvested in one or more new Unencumbered Borrowing Base Properties on or before March 31June 30, 2022 (the \u201cExcess Un-Reinvested Proceeds\u201d), then such Excess Un-Reinvested Proceeds shall no longer be qualified as Excluded Net Proceeds and shall be used to make a mandatory prepayment required hereunder in accordance with Section 2.03(b), and (c) Net Cash Proceeds from Permitted Preferred Issuances which are contemporaneously (or not later than thirty (30) days after the issuance thereof) being used to redeem existing preferred Equity Interests of the Parent REIT.", "size": 41, "id": "excluded-net-proceeds", "examples": [], "related": [["excluded-proceeds", "Excluded Proceeds", "Excluded Proceeds"], ["net-proceeds", "Net Proceeds", "Net Proceeds"], ["deferred-net-cash-proceeds", "Deferred Net Cash Proceeds", "Deferred Net Cash Proceeds"], ["net-proceeds-amount", "Net Proceeds Amount", "Net Proceeds Amount"], ["net-cash-proceeds", "Net Cash Proceeds", "Net Cash Proceeds"]], "related_snippets": [], "updated": "2025-08-01T04:31:04+00:00"}, "json": true, "cursor": ""}}