How can I include an Earnout Holdback Agreement?

Standard Earnout Holdback Agreements are prepared using the customer's data entry below, with only pre-programmed options available.

User Interface

Navigate to the "Loan Tab" and scroll down to the "Prepare Earnout Holdback Agreement" section.

Select "Yes"

Navigate to the "Holdback Page"

Scroll down to Release Conditions

Include a Deadline Date Option by Selecting the appropriate drop-down below:

(a) "Standard (Deadline Date)" and insert the date

(b) "X days after loan funding" and insert the number of days, i.e. 90

Check the "Include DSCR Requirements" box, then Input the DSCR and the number of months it is required

Check the "Include any additional terms, conditions, and instructions" box, then include the information as it will appear in the documents

You can select "Prepare Earnout Holdback Agreement" on the "Loan Tab" then provide the amount and Release Conditions on the "Holdback Page"