This is a loan agreement provision that gives the borrower permission to acquire additional funds from the lender upon the completion of particular events. Those events can be the surpassing of predefined operating performance thresholds or receiving a certificate of occupancy.
Earn-Out
This is a loan agreement provision that gives the borrower permission to acquire additional funds from the lender upon the completion of particular events. Those events can be the surpassing of predefined operating performance thresholds or receiving a certificate of occupancy.
