Payments which are required to be used in mandatory Prepayment.

Conditions of a loan facility agreement which must be fulfilled prior to a borrower being able to drawdown principal amounts under the loan.

A loan arranged by a group of lenders, but unlike a syndicated loan, each lender does not have a direct contractual relationship with the Borrower and typically, there is no lead b ...

Payments permitted as outlined in the loan documentation (e.g. amortisation, or repayments from sales in a portfolio) under the payment waterfall. These payments should be consider ...

Payment in Kind (PIK) interest accrues and capitalises periodically over the life of the debt instrument, thus increasing the underlying principal (i.e. compound interest). This is ...

A penalty fee which may be charged if a loan is repaid or partially repaid prior to maturity (Prepayment), designed to protect the lender against loss of income should a loan be re ...

A private placement is the placing of institutional debt with a non-bank investor, typically an insurance company or pension fund. This provides the ability of non-bank lenders to ...

A loan that is made to finance payments which are required to 'protect' either a specific asset (Property) or the Lender's security over that asset. This may include pa ...

This type of partnership involves a collaboration between a government entity and a private sector business. This may be to finance, build or operate projects, such as community sp ...

Amounts recovered from any claim an Obligor may have against a Vendor to be used in mandatory payment.