Skip to main content

Download Form

Credit Agreement Mandatory Prepayment Sample Clause

Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample mandatory prepayment provisions require the borrower to prepay loans at certain times if they have excess cash flow, or to maintain favorable ratio of outstanding working capital obligations to borrowing base.
Form Type: Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 128784
Keywords: "credit agreement"; mandatory prepayment"; "corporate finance"; cover; "borrowing base"; "issuance of shares"; indebtedness; "excess cash flow"; "asset disposition"; borrower; lender; loan; "letter of credit"; "term loans"; "working capital loans"
Thank you for exploring PLI PLUS.
The content on this page is only available to subscribers.

To learn more about PLI PLUS subscriptions
please click on the link below or contact us at PLUS@pli.edu.