Repayment and Mandatory Prepayments Sample Clauses

The 'Repayment and Mandatory Prepayments' clause defines the borrower's obligations to repay the principal and interest of a loan, as well as circumstances under which early repayment is required. It typically outlines the scheduled repayment dates, amounts due, and triggers for mandatory prepayments, such as asset sales, insurance proceeds, or excess cash flow. This clause ensures that lenders receive timely payments and provides mechanisms to reduce credit risk by requiring early repayment when the borrower's financial situation changes.