Prepayment Sharing and Priority in Security and Right of Payment — Extension Option


This smart field captures the way in which voluntary and mandatory prepayments are to be treated, and the treatment of security and right of payment for maturity date extension options. It is recommended that this smart field be used together with the other Extension Option smart fields. This smart field was trained on credit, facility, and loan agreements.


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Document Types

  • 99% Credit-Related Agt
  • 1% Other


  • Credit/Facility Agreements


  • 100% English