{"component": "clause", "props": {"groups": [{"samples": [{"hash": "30OOJMxZwd5", "uri": "/contracts/30OOJMxZwd5#repayments-prepayments", "label": "Credit Facility Agreement (Venture Global, Inc.)", "score": 35.967830658, "published": true}, {"hash": "2jTVNxW0uvF", "uri": "/contracts/2jTVNxW0uvF#repayments-prepayments", "label": "Credit Facility Agreement (Venture Global, Inc.)", "score": 35.8802185059, "published": true}, {"hash": "lfmmrgohezP", "uri": "/contracts/lfmmrgohezP#repayments-prepayments", "label": "Revolving Credit Agreement (Royster-Clark Inc)", "score": 21.0, "published": true}], "size": 83, "snippet_links": [{"key": "interest-and-fees", "type": "clause", "offset": [0, 17]}], "snippet": "INTEREST AND FEES", "hash": "212f183312e9a256f9a04916bbe60016", "id": 1}, {"samples": [{"hash": "fvKwfVFB2tV", "uri": "/contracts/fvKwfVFB2tV#repayments-prepayments", "label": "Credit Agreement (Zilog Inc)", "score": 18.0, "published": true}, {"hash": "ceuVyw1RtHC", "uri": "/contracts/ceuVyw1RtHC#repayments-prepayments", "label": "Credit Agreement (Price Communications Wireless Inc)", "score": 18.0, "published": true}, {"hash": "28OF43mTtVN", "uri": "/contracts/28OF43mTtVN#repayments-prepayments", "label": "Credit Agreement (Wellsford Real Properties Inc)", "score": 18.0, "published": true}], "size": 13, "snippet_links": [{"key": "reductions-in-revolving-loan-commitments", "type": "clause", "offset": [4, 44]}, {"key": "general-provisions-regarding-payments", "type": "clause", "offset": [46, 83]}, {"key": "application-of-proceeds", "type": "definition", "offset": [85, 108]}], "snippet": "and Reductions in Revolving Loan Commitments; General Provisions Regarding Payments; Application of Proceeds of", "hash": "ddc192ad39d13ec28566d427b7ca7f30", "id": 2}, {"samples": [{"hash": "lvQyxMDR0yq", "uri": "/contracts/lvQyxMDR0yq#repayments-prepayments", "label": "Credit Agreement (Sealy Corp)", "score": 18.0, "published": true}], "size": 10, "snippet_links": [{"key": "reductions-in-revolving-loan-commitments", "type": "clause", "offset": [4, 44]}, {"key": "general-provisions-regarding-payments", "type": "clause", "offset": [46, 83]}, {"key": "application-of-proceeds-of-collateral-and-payments-under-guaranties", "type": "clause", "offset": [85, 152]}], "snippet": "and Reductions in Revolving Loan Commitments; General Provisions Regarding Payments; Application of Proceeds of Collateral and Payments Under Guaranties................................................................. 54 2.5", "hash": "53afa9861270dbc216d6bad2d8cb8659", "id": 3}, {"samples": [{"hash": "bZUNVpyZJ1e", "uri": "/contracts/bZUNVpyZJ1e#repayments-prepayments", "label": "Credit Agreement (Dri I Inc)", "score": 18.0, "published": true}, {"hash": "7tRHOmfLM3M", "uri": "/contracts/7tRHOmfLM3M#repayments-prepayments", "label": "Credit Agreement (Dri I Inc)", "score": 18.0, "published": true}], "size": 9, "snippet_links": [{"key": "interest-and-fees", "type": "clause", "offset": [0, 17]}, {"key": "repayments-and-prepayments", "type": "clause", "offset": [23, 49]}], "snippet": "INTEREST AND FEES 3.1. Repayments and Prepayments; Application.............................................................. 53 3.1.1.", "hash": "0739f7411fa9f69fb174f3c0f3eed75c", "id": 4}, {"samples": [{"hash": "iisEWOW3eem", "uri": "/contracts/iisEWOW3eem#repayments-prepayments", "label": "Credit Agreement (Max Re Capital LTD)", "score": 21.0, "published": true}, {"hash": "4bsYc816SV4", "uri": "/contracts/4bsYc816SV4#repayments-prepayments", "label": "Credit Agreement (Max Capital Group Ltd.)", "score": 21.0, "published": true}], "size": 7, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [9, 23]}, {"key": "the-lenders", "type": "clause", "offset": [33, 44]}, {"key": "tranche-b-commitment-termination-date", "type": "definition", "offset": [52, 89]}, {"key": "amount-of-loans", "type": "clause", "offset": [126, 141]}, {"key": "upon-notice", "type": "definition", "offset": [188, 199]}, {"key": "the-administrative-agent", "type": "clause", "offset": [222, 246]}, {"key": "at-any-time", "type": "clause", "offset": [248, 259]}, {"key": "from-time-to-time", "type": "clause", "offset": [263, 280]}, {"key": "provided-that", "type": "clause", "offset": [358, 371]}, {"key": "received-by", "type": "definition", "offset": [396, 407]}, {"key": "prior-to", "type": "definition", "offset": [483, 491]}, {"key": "date-of", "type": "clause", "offset": [496, 503]}, {"key": "eurodollar-rate-loans", "type": "clause", "offset": [518, 539]}, {"key": "base-rate-loans", "type": "definition", "offset": [578, 593]}, {"key": "loans-shall", "type": "definition", "offset": [634, 645]}, {"key": "each-case", "type": "definition", "offset": [882, 891]}, {"key": "loans-to", "type": "clause", "offset": [1045, 1053]}, {"key": "eurodollar-loans", "type": "definition", "offset": [1073, 1089]}, {"key": "the-interest", "type": "clause", "offset": [1109, 1121]}, {"key": "promptly-notify", "type": "clause", "offset": [1177, 1192]}, {"key": "each-lender", "type": "clause", "offset": [1193, 1204]}, {"key": "receipt-of", "type": "clause", "offset": [1212, 1222]}, {"key": "applicable-percentage", "type": "definition", "offset": [1276, 1297]}, {"key": "applicable-borrower", "type": "definition", "offset": [1361, 1380]}, {"key": "payment-amount", "type": "definition", "offset": [1416, 1430]}, {"key": "due-and-payable", "type": "clause", "offset": [1465, 1480]}, {"key": "loan-shall", "type": "definition", "offset": [1548, 1558]}, {"key": "interest-on-the", "type": "clause", "offset": [1589, 1604]}, {"key": "additional-amounts", "type": "definition", "offset": [1639, 1657]}, {"key": "section-35", "type": "clause", "offset": [1679, 1690]}, {"key": "the-loans", "type": "clause", "offset": [1733, 1742]}, {"key": "in-accordance-with", "type": "definition", "offset": [1758, 1776]}], "snippet": "(a) Each Borrower shall repay to the Lenders on the Tranche B Commitment Termination Date the aggregate outstanding principal amount of Loans made to such Borrower.\n(b) Each Borrower may, upon notice from such Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay its Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans, and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender\u2019s Applicable Percentage of such prepayment. If such notice is given by a Borrower, the applicable Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.5. Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Percentages.", "hash": "3f0e0b18780184d26f368a58aacdf400", "id": 5}, {"samples": [{"hash": "lplLSyjaMJZ", "uri": "/contracts/lplLSyjaMJZ#repayments-prepayments", "label": "Credit Agreement (Mycogen Corp)", "score": 18.0, "published": true}, {"hash": "fijOQRQodDp", "uri": "/contracts/fijOQRQodDp#repayments-prepayments", "label": "Credit Agreement (Dollar Thrifty Automotive Group Inc)", "score": 18.0, "published": true}, {"hash": "6cukRwnrtlZ", "uri": "/contracts/6cukRwnrtlZ#repayments-prepayments", "label": "Revolving Credit Agreement (Sun International Hotels LTD)", "score": 18.0, "published": true}], "size": 6, "snippet_links": [{"key": "interest-and-fees", "type": "clause", "offset": [0, 17]}], "snippet": "INTEREST AND FEES 3.1.", "hash": "9de5730bea1d892923a74b136b6b64fd", "id": 6}, {"samples": [{"hash": "hHZDShUKUtB", "uri": "/contracts/hHZDShUKUtB#repayments-prepayments", "label": "Credit Agreement (Isle of Capri Casinos Inc)", "score": 18.0, "published": true}], "size": 6, "snippet_links": [{"key": "reductions-in-revolving-loan-commitments", "type": "clause", "offset": [4, 44]}, {"key": "general-provisions-regarding-payments", "type": "clause", "offset": [46, 83]}, {"key": "application-of-proceeds-of-collateral-and-payments-under-subsidiary-guaranty", "type": "clause", "offset": [85, 161]}], "snippet": "and Reductions in Revolving Loan Commitments; General Provisions Regarding Payments; Application of Proceeds of Collateral and Payments Under Subsidiary Guaranty......................................... 46 2.5", "hash": "04f0b3c5f28afaa0a33cd8504aa8432a", "id": 7}, {"samples": [{"hash": "7DrKuxovwSE", "uri": "/contracts/7DrKuxovwSE#repayments-prepayments", "label": "Credit Agreement (Fluent, Inc.)", "score": 36.6303901437, "published": true}, {"hash": "9RHk3PdSBmL", "uri": "/contracts/9RHk3PdSBmL#repayments-prepayments", "label": "Credit Agreement (Fluent, Inc.)", "score": 36.244354248, "published": true}], "size": 4, "snippet_links": [{"key": "no-credit-party", "type": "definition", "offset": [0, 15]}, {"key": "subsidiary-shall", "type": "definition", "offset": [24, 40]}, {"key": "prior-to-the", "type": "clause", "offset": [101, 113]}, {"key": "scheduled-maturity", "type": "clause", "offset": [114, 132]}, {"key": "the-obligations", "type": "clause", "offset": [188, 203]}, {"key": "to-the-extent", "type": "clause", "offset": [204, 217]}, {"key": "interest-due", "type": "definition", "offset": [290, 302]}, {"key": "junior-promissory-note", "type": "definition", "offset": [310, 332]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [333, 354]}, {"key": "prepayments-of-the", "type": "clause", "offset": [386, 404]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [459, 479]}, {"key": "with-respect-to", "type": "clause", "offset": [501, 516]}, {"key": "a-credit", "type": "definition", "offset": [537, 545]}, {"key": "a-non", "type": "clause", "offset": [562, 567]}, {"key": "each-case", "type": "definition", "offset": [607, 616]}, {"key": "terms-of", "type": "definition", "offset": [632, 640]}, {"key": "intercompany-note", "type": "definition", "offset": [645, 662]}, {"key": "restricted-payments", "type": "definition", "offset": [737, 756]}, {"key": "subordinated-indebtedness-payment-conditions", "type": "definition", "offset": [764, 808]}], "snippet": "No Credit Party nor any Subsidiary shall pay, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, other than (i) the Obligations to the extent permitted hereunder, (ii) regularly scheduled payments of principal and interest due on the Junior Promissory Note pursuant to the terms thereof (but not any voluntary prepayments of the Junior Promissory Note), (iii) Indebtedness permitted pursuant to Sections 7.02(c), (d) (solely with respect to Indebtedness due to a Credit Party or due to a non-Credit Party by a non-Credit Party, in each case subject to the terms of any Intercompany Note) or (i) and (iv) payments of principal that are Subordinated Indebtedness Restricted Payments if the Subordinated Indebtedness Payment Conditions are satisfied.", "hash": "a63a964b26559ae592ebcd0ac9a884ed", "id": 8}, {"samples": [{"hash": "kDW5u3jUFFd", "uri": "/contracts/kDW5u3jUFFd#repayments-prepayments", "label": "Credit Agreement (Boyds Collection LTD)", "score": 18.0, "published": true}, {"hash": "9PPzKmSTnyO", "uri": "/contracts/9PPzKmSTnyO#repayments-prepayments", "label": "Credit Agreement (Boyds Collection LTD)", "score": 18.0, "published": true}], "size": 4, "snippet_links": [{"key": "reductions-in-revolving-loan-commitments", "type": "clause", "offset": [4, 44]}, {"key": "general-provisions-regarding-payments", "type": "clause", "offset": [46, 83]}, {"key": "application-of-proceeds-of-collateral-and-payments-under-the-guaranties", "type": "clause", "offset": [85, 156]}], "snippet": "and Reductions in Revolving Loan Commitments; General Provisions Regarding Payments; Application of Proceeds of Collateral and Payments Under the Guaranties.. . . . . . . . . . . . . . . . . . . . . . . . . . . 46 2.5", "hash": "df6ff4e01b939b4fc46b97474775daf0", "id": 9}, {"samples": [{"hash": "H4jPtf4uRp", "uri": "/contracts/H4jPtf4uRp#repayments-prepayments", "label": "Credit Agreement (Katy Industries Inc)", "score": 18.0, "published": true}], "size": 4, "snippet_links": [{"key": "reductions-in-revolving-loan-commitments", "type": "clause", "offset": [4, 44]}, {"key": "general-provisions-regarding-payments", "type": "clause", "offset": [46, 83]}, {"key": "application-of-proceeds-of-collateral-and-payments-under-guaranties", "type": "clause", "offset": [85, 152]}, {"key": "use-of-proceeds", "type": "clause", "offset": [207, 222]}, {"key": "special-provisions-governing-eurodollar-rate-loans", "type": "definition", "offset": [329, 379]}, {"key": "increased-costs", "type": "definition", "offset": [451, 466]}, {"key": "capital-adequacy", "type": "definition", "offset": [475, 491]}], "snippet": "and Reductions in Revolving Loan Commitments; General Provisions Regarding Payments; Application of Proceeds of Collateral and Payments Under Guaranties............................................... 57 2.5 Use of Proceeds................................................................................................... 65 2.6 Special Provisions Governing Eurodollar Rate Loans................................................................ 66 2.7 Increased Costs; Taxes; Capital Adequacy.......................................................................", "hash": "ca3c5314d52766db4753fa758f1fcc27", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih9yZXBheW1lbnRzLXByZXBheW1lbnRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["amounts-and-terms-of-commitments-and-loans", "AMOUNTS AND TERMS OF COMMITMENTS AND LOANS"], ["loan-and-terms-of-payment", "Loan and Terms of Payment"], ["payments", "Payments"], ["the-loans", "The Loans"]], "size": 180, "title": "REPAYMENTS, PREPAYMENTS", "children": [["commitment-fee", "Commitment Fee"], ["voluntary-prepayments", "Voluntary Prepayments"], ["repayments-and-prepayments-application", "Repayments and Prepayments Application"], ["", ""], ["fees", "Fees"]], "id": "repayments-prepayments", "related": [["repayments-and-prepayments", "Repayments and Prepayments", "Repayments and Prepayments"], ["repayments-prepayments-interest-and-fees", "Repayments Prepayments Interest and Fees", "Repayments Prepayments Interest and Fees"], ["prepayments-of-loans", "Prepayments of Loans", "Prepayments of Loans"], ["payments-and-prepayments", "Payments and Prepayments", "Payments and Prepayments"], ["all-prepayments", "All Prepayments", "All Prepayments"]], "related_snippets": [], "updated": "2025-08-21T05:33:47+00:00", "also_ask": ["What are the most negotiable repayment terms to maximize client flexibility?", "Which prepayment penalties or conditions are essential to address in drafting?", "What are the main risks if repayment or prepayment provisions are ambiguous?", "How do repayment and prepayment clauses differ across common law and civil law jurisdictions?", "What factors most influence a court\u2019s enforcement of prepayment restrictions?"], "drafting_tip": "Specify repayment schedules and prepayment conditions to prevent disputes; clarify any penalties or fees to ensure transparency; define notice requirements for prepayments to facilitate proper administration.", "explanation": "The 'Repayments, Prepayments' clause defines the rules and procedures for how a borrower must repay a loan, including both scheduled payments and any early (pre-)payments. It typically outlines the timing, method, and order of payments, and may specify whether prepayments are allowed without penalty or if certain conditions apply. This clause ensures both parties understand their rights and obligations regarding loan repayment, helping to prevent disputes and providing flexibility for borrowers who wish to pay off their debt ahead of schedule."}, "json": true, "cursor": ""}}