bhaskrr/legal-clauses huggingface dataset:
Clause type: board
 (a) The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors.
Clause type: interest
 Interest on the 2015 Notes shall accrue at the rate of 1.625% per annum, interest on the 2017 Notes shall accrue at the rate of 2.250% per annum, interest on the 2022 Notes shall accrue at the rate of 3.500% per annum and interest on the 2042 Notes shall accrue at the rate of 5.000% per annum. Interest on the Notes shall accrue from June 4, 2012 or the most recent interest payment date on which interest was paid. Interest on the 2015 Notes shall be payable semi-annually in arrears on June 4 and December 4 of each year, beginning on December 4, 2012; interest on the 2017 Notes shall be payable semi-annually in arrears on June 5 and December 5 of each year, beginning on December 5, 2012; interest on the 2022 Notes shall be payable semi-annually in arrears on June 6 and December 6 of each year, beginning on December 6, 2012; and interest on the 2042 Notes shall be payable semi-annually in arrears on June 4 and December 4 of each year, beginning on December 4, 2012 (with respect to the applicable series of Notes, each an “Interest Payment Date”). Interest on the 2015 Notes shall be payable to the Holders in whose names the 2015 Notes are registered at the close of business on the preceding May 19 and November 19; interest on the 2017 Notes shall be payable to the Holders in whose names the 2017 Notes are registered at the close of business on the preceding May 20 and November 20; interest on the 2022 Notes shall be payable to the Holders in whose names the 2022 Notes are registered at the close of business on the preceding May 21 and November 21; and interest on the 2042 Notes shall be payable to the Holders in whose names the 2042 Notes are registered at the close of business on the preceding May 19 and November 19 (with respect to the applicable series of Notes, each a “Record Date”). Interest on the Notes shall be computed on the basis of a 360-day year comprising twelve 30-day months.
Clause type: insurance
Section 2.14 of the Company’s Disclosure Schedule lists each insurance policy maintained by, on behalf of, for the benefit of or at the expense of the Company Parties or the Business, and any active claims being made thereunder. Such insurance policies are maintained with reputable insurers, cover such risks as are customarily covered by Persons conducting similar businesses, and comply with all Laws and Contracts applicable to the Company Parties and the Business. All premiums due and payable under all such policies have been paid, and all such policies are, and immediately following the Closing will be, in full force and effect. There are no claims under such policies which are reasonably likely to exhaust the applicable limits of liability. No Company Party has (a) received any notice or other communication regarding any cancellation or invalidation of any insurance policy, refusal of any coverage or rejection of any claim under any insurance policy or material adjustment in the premiums payable with respect to any insurance policy, or (b) any written self-insurance or co-insurance plan.
Clause type: loans
 2.1. You shall, in your discretion, make loans to us from time to time, at our request, of up to eighty-five percent (85%) of the Net Amount of Eligible Accounts (or such greater or lesser percentage thereof as you shall in your sole discretion determine from time to time).
Clause type: now
THEREFORE in consideration of the premises, it is agreed by and between the parties hereto as follows:
Clause type: compensation
 In consideration of the services rendered pursuant to this Agreement, the Fund will pay MCM a fee at an annual rate equal to 0.85% of the average daily net assets of the Fund. This fee shall be computed and accrued daily and payable monthly. For the purpose of determining fees payable to MCM, the value of the Fund’s average daily net assets shall be computed at the times and in the manner specified in the Fund’s Prospectus or Statement of Additional Information.
Clause type: payment
 The full consideration for any shares purchased by the Executive upon exercise of the Option shall be paid in cash.
Clause type: loans
 The loans made or to be made by the Lenders to the Borrower pursuant to Section II of this Agreement.
Clause type: ownership_of_shares
 Each Shareholder of the Company is both the record and beneficial owner of the Shares set forth beside such Shareholder's name on Schedule 1.1 hereto. Each Shareholder is not the record or beneficial owner of any other Shares. The information set forth on Schedule 1.1 with respect to each Shareholder is accurate and complete.
Clause type: insurance
By action of the Board of Directors, notwithstanding any interest of the directors in the action, the Corporation may purchase and maintain insurance, in such amounts as the Board of Directors deems appropriate, on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Corporation shall have the power to indemnify him against such liability under the provisions of this Article.
Clause type: loans
 The mortgage loans identified on the Loan Schedule as of the Closing Date.
Clause type: termination
This Agreement may be terminated with respect to a Portfolio at any time without the payment of any penalty, by the Fund's Board, or by vote of a majority of the outstanding shares of the Portfolio, on sixty (60) days written notice to the Adviser and Subadviser, or by the Adviser or Subadviser, on sixty (60) days written notice to the other. This Agreement shall automatically terminate in the event of this Agreement's assignment or in the event of the termination of the investment advisory agreement between the Adviser and the Fund regarding the Adviser's management of the affected Portfolio.
Clause type: compensation
 (A) Subject to the provisions of Paragraphs 6 and 7 hereof, STURGIS shall pay to Employee for all services to be performed by Employee during the term of this Agreement:
Clause type: ownership_of_shares
 The authorized, issued and outstanding share capital of Pandel (the "Pandel Shares") is set forth in Schedule 4.1. The owners of record, of the issued and outstanding shares of Pandel are set forth on Schedule 4.1. The voting shares set forth on Schedule 4.1 are the sole issued and outstanding voting shares of Pandel and the non-voting shares shown on Schedule 4.1 are the sole issued and outstanding non-voting shares of Pandel. All of the outstanding shares of Pandel are duly authorized, validly issued, fully paid and non-assessable.
Clause type: capitalization
 After giving effect to the Transactions and the offering of the Firm Units as contemplated by this Agreement, the issued and outstanding partnership interests of the Partnership will consist of 12,500,000 Common Units, 12,570,504 Subordinated Units, 511,643 General Partner Units and the IDRs. Other than the Sponsor Units and the IDRs, the Units are the only limited partner interests of the Partnership issued and outstanding.