A provision that allows a borrower to prepay the remaining fixed rate term debt. However, the borrower has to make an additional payment that is derived from a formula based on the net present value of the future debt payments. This can often be significant, which is why such provisions are rarely invoked.
Related information about make whole provision:
- NHL offers concession on “make whole” provision | ProHockeyTalk
Nov 2, 2012 ... The owners are now willing to absorb a share of the “make whole” provision that was offered to the players in their previous CBA proposal, ...
- 'make whole' provision - SB Nation
Nov 2, 2012 ... In a surprising move by the NHL to encourage the NHL Player's Association to strike a deal and end the lockout, the league has amended its ...
- NHL lockout: League, union quiet after discussing revenue sharing ...
Nov 7, 2012 ... The make whole provision is the league's plan to honor existing contracts despite a drop in the players' share of revenue, from 57 percent in the ...
- Source: NHL willing to fund part of Make Whole provision to honor ...
Nov 2, 2012 ... The NHL has communicated to the NHLPA a willingness to fund a healthy portion of the Make Whole provision to honor all existing contracts, ...
- What is make whole provision? definition and meaning
Definition of make whole provision: A provision that allows a borrower to prepay the remaining fixed rate term debt. However, the borrower has to make an ...
- NHL Lockout: 'Make Whole' Provision Will Make or Break CBA Talks ...
Nov 8, 2012 ... With the NHL lockout approaching the two-month mark, the owners and the players union have been meeting in an effort to reach a deal...
- NHL softens stand, agrees to fund portion of 'Make Whole' provision ...
Nov 3, 2012 ... Fitzgerald Cecilio - 4E Sports Reporter New York, NY, United States (4E Sports) - The NHL has softened its hard stance to push negotiations ...
- Make Whole Provision - Financial Dictionary - The Free Dictionary
Related to the lump-sum payments made when a loan or bond is called, equal to the NPV of future loan or coupon payments not paid because of the call.