easy · Private Credit & Debt documentation-covenants-terms
What is the role of 'Call Protection' in a private debt instrument?
- It allows the lender to demand immediate repayment at any time for no reason.
- It prevents the lender from calling the borrower on the phone during weekends.
- It guarantees that the borrower's phone lines will never be disconnected.
- It requires the borrower to pay a premium if they repay the loan earlier than expected.
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