Repurchase Agreement Template (Convertible note + Installments)

A repurchase agreement outlines the terms under which one party agrees to repurchase financial instruments, such as notes or securities, from another party. It is commonly used in corporate financing, debt restructuring, or investment agreements to establish repayment schedules, interest terms, and rights of the parties involved.

With fynk’s Repurchase Agreement template, you can set clear terms for monthly payments, interest increases, conversion options, and dispute resolution. It gives both issuers and noteholders a straightforward framework to manage obligations smoothly and reduce risk.

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Full Text Template

The full content of the template is available, when you want to edit the text and enter your details make sure to click on the button to use the template.

Repurchase Agreement

LexinFintech Holdings Ltd.

REPURCHASE AGREEMENT

THIS REPURCHASE AGREEMENT (this "Agreement") is made and entered into on , by and between:

(1) , a exempted company (the "Company"); and

(2) , a exempted company (the "Holder").

Capitalized terms not otherwise defined herein shall have the respective meanings given to them in the Note Purchase Agreement or the Note (each as defined below).


RECITALS

WHEREAS, pursuant to that certain Note Purchase Agreement dated between the Company and the Holder (the "Note Purchase Agreement"), the Company issued to the Holder a convertible senior note dated in the principal amount of (the "Note"). As of the date hereof, % of the principal amount () remains outstanding under the Note.

WHEREAS, pursuant to Section of the Note, the Holder has the right to require the Company to repurchase for cash on (the "Original Repurchase Date"), all or any portion (if the portion to be repurchased is an integral of ) of the Note at a repurchase price equal to 100% of the principal amount of the Note to be repurchased, plus accrued and unpaid interest to the Original Repurchase Date (such right, the "Repurchase Option").

WHEREAS, in lieu of exercising the Repurchase Option on the Original Repurchase Date, the parties hereto desire to enter into this Agreement to provide for, among other things, the repurchase of the Note in installments on terms as set out herein.

NOW, THEREFORE, in consideration of the premises set forth above, the mutual promises and covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:


REPURCHASE

Repurchase of Note.

Notwithstanding anything to the contrary in the Note, the Company hereby agrees to repurchase the Note in monthly installments (each a "Repurchase Installment") starting on and on the day of each of the months immediately thereafter (each such date of repurchase, a "Repurchase Date"), in accordance with the following:

on the first Repurchase Date (i.e., ), the Company shall repurchase a portion of the outstanding principal amount of the Note in an amount determined by the Company in its discretion but no less than the Projected Repurchased Amount for that Repurchase Date, at the price equal to 100% of the principal amount being repurchased, together with all interest accrued on the outstanding principal amount of the Note (including the principal amount being repurchased on the first Repurchase Date) from to the first Repurchase Date, at a rate of per annum (the "Original Rate");

on each of the succeeding Repurchase Dates starting from , the Company shall (i) repurchase a portion of the outstanding principal amount of the Note in an amount determined by the Company in its discretion (which amount may be zero) such that the Aggregate Repurchased Amount as of that Repurchase Date shall be no less than the Required Aggregate Repurchased Amount as of that Repurchase Date, at the price equal to 100% of the principal amount being repurchased, and (ii) pay all interest accrued on the remaining outstanding principal amount of the Note (including the principal amount being repurchased on that Repurchase Date) from the immediately preceding Repurchase Date to the current Repurchase Date, at the Original Rate;

on each of the succeeding Repurchase Dates starting from , the Company shall (i) repurchase a portion of the outstanding principal amount of the Note in an amount determined by the Company in its discretion (which amount may be zero) such that the Aggregate Repurchased Amount as of that Repurchase Date shall be no less than the Required Aggregate Repurchased Amount as of that Repurchase Date, at the price equal to 100% of the principal amount being repurchased, and (ii) pay all interest accrued on the remaining outstanding principal amount of the Note (including the principal amount being repurchased on that Repurchase Date) from the immediately preceding Repurchase Date to the current Repurchase Date, at a rate of per annum (the "Adjusted Rate"); and

by the last Repurchase Date (i.e., ), the Company shall repurchase the remaining portion of the principal amount of the Note, if any, at the price equal to 100% of the principal amount being repurchased, and pay all interest accrued on the remaining outstanding principal amount of the Note (including the principal amount being repurchased on the last Repurchase Date) from the immediately preceding Repurchase Date to the last Repurchase Date, at the Adjusted Rate; such that as of the last Repurchase Date, the entire Note, together with all interest accrued thereon, shall have been fully repurchased and paid by the Company;
provided, in the case of (a), (b) and (c) above, that if the Company fails to notify the Holder of the principal amount to be repurchased on any Repurchase Date in accordance with Section 1.3(a), the principal amount to be repurchased on such Repurchase Date shall be determined in accordance with the last sentence of Section 1.3(a).

Calculation of Interest.

Interest payable under this Agreement shall be computed on the basis of a -day year composed of twelve -day months and, for partial months, on the basis of actual days elapsed over a -day month.

Amount and Rate of Repurchase.

If the principal amount of the Note to be repurchased as determined by the Company in its discretion pursuant to Section 1.1. for a Repurchase Date deviates from the Projected Repurchased Amount for that Repurchase Date, the Company shall notify the Holder of that determined amount by delivery of a written notice at least 0 days days prior to that Repurchase Date. If the Company fails to provide such written notice in accordance with the foregoing sentence, the principal amount to be repurchased on that Repurchase Date shall be the Projected Repurchase Amount for that Repurchase Date.

The outstanding principal amount of the Note will accrue interest at the Original Rate prior to and until (the "Rate Adjustment Date"), and will accrue interest at the Adjusted Rate after the Rate Adjustment Date.

The Company shall not be obligated to make interest payment under the Note on each Interest Payment Date for so long as it performs the obligations under this Agreement. The Company shall not be obligated to make repurchase on the Original Repurchase Date under Section of the Note. Once the Note is fully repurchased and all amounts payable under this Agreement are irrevocably paid by the Company in full, in each case in accordance with this Agreement, the Company and the Holder will cease to have any further obligations under the Note or the other Transaction Documents.

Method of Payment.

All amounts payable under this Agreement shall be paid to the Holder , in immediately available funds on the date that any such payment becomes payable hereunder. The Company shall make such payments to the Holder by wire transfer of immediately available funds to the account that the Holder may designate from time to time; provided that any such designation (or change of designation) shall have been notified in writing to the Company at least Business Days prior to the relevant payment date. If any such payment date falls on a day that is not a Business Day, the required payment will be made on the next succeeding Business Day together with interest accrued at the applicable rate set forth in Section 1.1. during the period of delay.

Event of Default; Default Interest.

Any failure by the Company to (i) make any payment for the repurchase of any principal amount of the Note required to be repurchased on any Repurchase Date in accordance with the provisions of this Agreement or (ii) make payment of any interest payable on any Repurchase Date in accordance with the provisions of this Agreement if such failure to pay interest continues for a period of 0 days days, shall be an "Event of Default" as defined in, and for purposes of, the Note.

For the avoidance of doubt, if on or after the date hereof, the Note becomes due and payable pursuant to Section of the Note, then the interest accrued up to the date on which the Note becomes due and payable pursuant to Section of the Note (the "Acceleration Date") shall be calculated at the Original Rate for any period prior to and until the Rate Adjustment Date and the Adjusted Rate for any period after the Rate Adjustment Date.

Any amounts that are payable but not punctually paid by the Company in accordance with this Agreement (including any principal or interest due but not paid on the Acceleration Date), shall accrue interest from the relevant due date at the rate per annum equal to (i) for any period prior to and until the Rate Adjustment Date, the Original Rate plus percent, or (ii) for any period after the Rate Adjustment Date, the Adjusted Rate plus percent, in each case subject to the enforceability thereof under applicable Law.


REPRESENTATIONS AND WARRANTIES

Representation and Warranties of the Company.

The Company represents and warrants to the Holder that:

Organization and Qualification. The Company is an exempted company with limited liability duly incorporated, validly existing and in good standing under the laws of the . The Company has the requisite power and authority to own, lease and operate its properties and to carry on its business as currently being conducted, and is duly qualified or licensed to do business in all material respects in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary.

Authorization; Enforcement; Validity. The Company has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery and performance by the Company of this Agreement, including the payment of any Repurchase Installment, have been duly authorized by all necessary corporate action on the part of the Company. This Agreement has been duly executed and delivered by the Company, and, assuming the due authorization, execution and delivery by the Holder, constitutes a legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms, subject to any bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors' rights, and specific performance, injunctive relief, other equitable remedies and general equity principles.

No Conflicts. The execution, delivery and performance by the Company of this Agreement, including the payment of any Repurchase Installment, will not (i) result in a violation of the Memorandum and Articles, (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any Contract to which the Company is a party, or (iii) result in a violation of any Law applicable to the Company or by which any property or asset thereof is bound. There are no pending or, to the Company's knowledge, threatened Proceedings against the Company that seek to restrain or enjoin the execution, delivery or performance of this Agreement.

Consents. The execution, delivery and performance by the Company of this Agreement, including the payment of any Repurchase Installment, do not and will not require any consent, approval, authorization or other order of, action by, filing with, or notification to, any Governmental Entity or any other Person, except for filings that may be required to be made with the SEC (e.g., a Form ).

Representations and Warranties of the Holder.

The Holder represents and warrants to the Company that:

Organization. The Holder is duly incorporated, validly existing and in good standing under the laws of the , and has the requisite power and authority to carry on its business as currently being conducted.

Authorization; Enforcement; Validity. The Holder has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery and performance by the Holder of this Agreement have been duly authorized by all necessary corporate action on the part of the Holder. This Agreement has been duly executed and delivered by the Holder, and, assuming the due authorization, execution and delivery by the Company, constitutes a legal, valid and binding obligation of the Holder, enforceable against it in accordance with its terms, subject to any bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors' rights, and specific performance, injunctive relief, other equitable remedies and general equity principles.

No Conflicts. The execution, delivery and performance by the Holder of this Agreement will not (i) result in a violation of the organizational or constitutional documents of the Holder, (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any Contract to which the Holder is a party, or (iii) result in a violation of any Law applicable to the Holder. There are no pending or, to the Holder's knowledge, threatened Proceedings against the Holder that seek to restrain or enjoin the execution, delivery or performance of this Agreement.

Consents. The execution, delivery and performance by the Holder of this Agreement do not and will not require any consent, approval, authorization or other order of, action by, filing with, or notification to, any Governmental Entity or any other Person, except for filings that may be required to be made with the SEC.


CERTAIN AGREEMENTS

Conversion. For the avoidance of doubt, the Holder shall continue to be entitled to convert all or any portion of the outstanding principal amount of the Note into ADSs or Class A Shares in accordance with Article of the Note, until such time as all or such portion of the Note is repurchased by the Company. The converted portion of the outstanding principal amount shall be deducted from the remaining Repurchase Installments and the Required Aggregate Repurchased Amount in Schedule I attached hereto on a pro rata basis.

Board Representation. The Holder shall have the right to designate one individual to be appointed as the as stated in Section of the Note Purchase Agreement (or, at the Holder's option, as an observer of the Board) so long as the Holder satisfies the beneficial ownership threshold set forth in Section of the Note Purchase Agreement. The Company shall take all necessary or desirable actions as may be required under applicable Law and the Memorandum and Articles to give effect to such appointment. In the event that the Holder no longer satisfies such beneficial ownership threshold set forth in Section of the Note Purchase Agreement and no Event of Default has occurred, the Company may, at its sole discretion, deliver a written request for the resignation of the , and the Holder shall cause the to promptly resign from the Board upon such request.

Information Rights. Notwithstanding anything to the contrary in the Note Purchase Agreement, the Holder shall at all times have the rights set forth in Section of the Note Purchase Agreement until no principal amount of the Note is outstanding and all interest accrued on the Note have been paid in full in accordance with this Agreement.

Further Assurances. The parties hereto shall cooperate with each other and, generally, do such other reasonable acts and things in good faith as may be necessary to effectuate the intents and purposes of this Agreement, subject to the terms and conditions hereof and compliance with applicable Law.


MISCELLANEOUS

Confidentiality. Except as required by applicable Law, the existence, status and provisions of this Agreement, the status and content of any discussion between the Company and the Holder, and any information exchanged between the parties and their respective Affiliates and representatives in connection with this Agreement and the transactions contemplated hereby, will be kept confidential by the parties and will not be disclosed by any of them to any third party without the prior written consent of the other party, unless such information is or becomes known to the recipient from a source other than the parties, or is or becomes publicly known; provided that any party may disclose such information to (a) its Affiliates, partners, financing providers and any officer, director, employee, adviser, accountant or representative of such party or its Affiliates, partners or financing providers, on a need-to-know and confidential basis, and (b) to any Governmental Entity having jurisdiction over such party or its Affiliates.

Governing Law; Dispute Resolution.

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to principles of conflict of laws thereunder.

Any dispute, controversy, difference or claim arising out of or relating to this Agreement, including its existence, validity, interpretation, performance, breach or termination hereof or any dispute regarding non-contractual obligations arising out of or relating to it, shall be referred to and finally resolved by arbitration administered by the under the in force when the notice of arbitration is submitted. The law of this arbitration clause shall be . The seat of arbitration shall be .

It shall not be incompatible with this arbitration agreement for any party to seek interim or conservatory relief from courts of competent jurisdiction before the constitution of the arbitral tribunal.

Notices. All notices and other communications given under this Agreement shall be in writing and shall be deemed to have been duly given: (a) upon receipt, when delivered personally; (b) one Business Day after deposit with an internationally recognized overnight courier service; or (c) when sent by email if sent during normal business hours (i.e., to time) or if not, then on the next Business Day, in each case properly addressed to the party to receive the same. The addresses of the parties for such communications are:

If to the Company:

Address:

Email:

Attention:

with a copy (which shall not constitute notice) to:

Address:

Email:

Attention:

If to the Holder:

Address:

Email:

Attention:

with a copy (which shall not constitute notice) to:

Address:

Email:

Attention:

A party may change or supplement the addresses given above by giving the other party written notice thereof in the manner set forth above.

Successors and Assigns; No Third Party Beneficiaries.

Neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by any party hereto without the prior written consent of the other party; provided, however, that the Holder may assign any of its rights, interests or obligations hereunder to (A) any of its Affiliates, or (B) the transferee in connection with any transfer of the Note in accordance with Section of the Note, in each case without the consent of and with written notice to the Company.

This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their respective successors and permitted assigns. Except as expressly provided in this Agreement, nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever.

Amendment; Waiver.

This Agreement may be amended, modified or supplemented only by a written instrument duly executed by the Company and the Holder.

The observance of any provision in this Agreement may be waived only by the written consent of the party against whom such waiver is to be effective. No failure or delay on the part of any party to exercise any right hereunder shall operate as waiver thereof, nor shall any single or partial exercise by any party of any right preclude any other or future exercise thereof or the exercise of any other right.

Entire Agreement.

This Agreement, the Note Purchase Agreement, the Note and the other Transaction Documents, together with all the schedules and exhibits hereto and thereto and the certificates and other written instruments delivered in connection therewith from time to time on and following the date hereof, constitute and contain the entire agreement of the parties with respect to the subject matters hereof and thereof and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations between the parties with respect to such subject matters.

This Agreement shall constitute an amendment to the Note Purchase Agreement pursuant to Section thereof and an amendment to the Note pursuant to Section thereof. To the extent there is any conflict or inconsistency between any provision of this Agreement and any provision of the Note Purchase Agreement, the Note or any other Transaction Document, provisions of this Agreement shall prevail.

Except to the extent modified or supplemented by this Agreement, the Note Purchase Agreement, the Note and the other Transaction Documents and the rights and remedies of the Holder thereunder shall remain in full force and effect.

Severability.

If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the parties shall use commercially reasonable efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement, which most nearly effects the parties' intent in entering into this Agreement.

Counterparts.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document. Counterparts may be delivered via facsimile, electronic mail or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

IN WITNESS WHEREOF, the parties hereto have caused their respective signature page to this Agreement to be duly executed on the date first written above.

[ No signatories assigned ]
Pending

Name:
Title:

[ No signatories assigned ]
Pending

Name:
Title:

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Disclaimer: The original creator, the author of this template, and fynk GmbH are not responsible for any damages or liabilities that may result from using this template. This template should not be considered a substitute for legal advice, and consulting with a legal professional is recommended before use. fynk GmbH, the original creator, and the author do not provide legal advice and will not be held accountable for any legal consequences arising from its use.

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Background Information

Learn how to create and use a repurchase agreement

Understand when a repurchase agreement is needed, what it should include, and how to adapt this template to your financing or investment scenario.

This repurchase agreement template gives companies flexibility to repurchase debt in structured installments while protecting investors through features like adjustable interest rates, conversion rights, and board representation. It’s designed to balance liquidity needs with investor safeguards, making it more sophisticated than a simple one-time buyback contract.

What is a repurchase agreement?

A repurchase agreement, in this context, is a legal contract between a company (the issuer) and a noteholder (the investor) that sets out how outstanding convertible notes will be bought back.

Instead of requiring full repayment on a single date, the agreement creates an installment schedule, typically monthly, until the note is fully repurchased.

This approach is often used when issuers want to avoid a cash squeeze, or when noteholders prefer predictable liquidity over a one-off repayment. Importantly, the agreement also preserves conversion rights, so investors can still convert notes into equity while the staged buyback is underway.

Why use a repurchase agreement?

Convertible notes are popular financing tools for growth companies, but their repayment mechanics can become risky. A single put date, where all obligations fall due at once, may strain cash reserves or push an issuer toward default. A repurchase agreement provides flexibility, smoothing cash flows without removing investor protections.

For issuers, it creates breathing room and allows better treasury planning. For noteholders, it provides ongoing liquidity, with interest step-ups and milestones ensuring the company stays on track. By putting the terms in writing, both sides reduce the risk of misunderstandings and strengthen enforceability if disputes arise later.

🧠 Did you Know?

When structuring a buyback of convertible notes, issuers must be careful not to trigger “creeping tender” rules under U.S. securities law. A repurchase plan that looks like a stealth tender offer (i.e. repeatedly repurchasing small amounts) may need prospectus or consent compliance.

Key elements of a repurchase agreement

Installment schedule

The backbone of a repurchase agreement is the installment plan. Instead of one due date, payments are spread across multiple months—often 12 to 14 installments. The schedule may include “Projected Amounts” (target payments for each month) and “Required Aggregate Amounts” (minimum thresholds by certain dates). This dual approach gives issuers flexibility from month to month while ensuring investors still receive cumulative progress.

Interest mechanics

To keep issuers motivated, interest rates often step up after a defined “Rate Adjustment Date.” For example, the note may accrue interest at 6 percent until month six, then rise to 8 percent if buybacks are lagging. Default interest, typically the base rate plus 2 percent, applies if payments are missed. Clear definitions of day-count conventions, such as 30/360, prevent disputes over calculations.

Conversion offset

A standout feature of many repurchase agreements is conversion offset logic. If a noteholder converts into equity, the future installment amounts are reduced accordingly. This preserves investor choice—cash out gradually or convert into shares—while ensuring issuers don’t double pay.

Pro Tip

Some issuers strategically repurchase convertible notes at a premium to market price but still below face value, using discounted convertible note repurchases as a way to cut debt at a discount while offering investors attractive liquidity. This approach became especially popular during volatile markets, where companies reduced liabilities and investors exited at better terms than secondary trading could provide

Default and remedies

Events of default should be clearly defined, such as missed installments, failure to meet cumulative thresholds, or breaches of the original note’s covenants. Remedies often include accelerated repayment, higher default interest, or suspension of conversion rights until arrears are cleared.

Dispute resolution

Given the cross-border nature of many convertible note deals, dispute resolution clauses are critical. A common structure uses New York law to govern the agreement, with arbitration handled under HKIAC rules in Hong Kong, and Hong Kong law applying to the arbitration clause itself. This hybrid model balances enforceability with neutrality.

Other operational details

A strong template will also cover:

  • Notice periods for changing installment amounts (e.g., five business days).

  • Payment mechanics, including wire transfers in USD and business day rollovers with added interest.

  • Confidentiality obligations to protect sensitive information.

  • Assignment rights for noteholders, allowing flexibility to transfer interests to affiliates.

🔦 Legal Spotlight

In the HomeBanc bankruptcy case, the U.S. Court of Appeals ruled that even a repurchase agreement with a zero-dollar repurchase price could still qualify for repurchase agreement safe harbor protections under the Bankruptcy Code. This meant the repo transaction was shielded from the automatic stay that normally freezes creditors in bankruptcy. For businesses, the case illustrates how carefully structured agreements can preserve enforceability even during financial distress.

Introducing fynk’s repurchase agreement template

fynk’s ready-to-use repurchase agreement template includes all the critical components of an installment buyback: payment schedules, interest mechanics, conversion offsets, and default provisions.

Inside the platform, the template is enhanced with features that make drafting and managing agreements easier:

  • Templates – Standardise repurchase agreements with variables for dates, rates, and milestone tables. Reuse the same framework across multiple deals.

  • Approval workflows – Route changes to installment plans or rate step-ups through finance and legal before sending to counterparties.

  • Metadata tracking – Store key details like Rate Adjustment Date, cumulative repurchase thresholds, and notice periods. Use them to power automated reminders and dashboards.

  • Digital signatures – Define signing order (internal approvals first, then counterparty) and execute with SES, AES, or QES signatures for compliance across jurisdictions.

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Together, these features ensure not only that the agreement is signed, but also that it remains manageable throughout its lifecycle.

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FAQs

What is the main purpose of a repurchase agreement?
To restructure note repayment by spreading buybacks into manageable monthly installments, while preserving investor rights such as conversion.
How does conversion offset work?
If a noteholder converts part of their note into equity, the future installment amounts are reduced by the converted value, preventing double payment.
What happens if the issuer misses an installment?
Missed payments typically trigger default interest and may allow noteholders to accelerate repayment or suspend conversion rights until the default is cured.
Why use arbitration in these agreements?
Arbitration offers neutrality and enforceability, especially in cross-border financings. HKIAC arbitration with New York governing law is a common structure.
Why start with a template?
Templates ensure consistency, cover all key clauses, and reduce legal risk. When integrated into fynk, they also save time with automation and approval workflows.

Conclusion

A repurchase agreement is a practical way to restructure convertible note obligations, replacing a single lump-sum buyback with a staged installment plan. It balances issuer flexibility with investor protections, using tools like interest step-ups, conversion offsets, and milestone requirements to keep both sides aligned.

With fynk’s customizable template, companies gain a tested framework that can be tailored to their deal while benefiting from automation, approval workflows, and secure digital execution. The result is an agreement that isn’t just signed but actively managed, reducing risk and giving both issuers and investors confidence in the buyback process.

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Clause Library: learn more about the clauses in this template

Learn more about the clauses appearing in this template and find other clauses that are used in real contracts.

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Free cash flow conversion is a financial performance metric that assesses the efficiency with which a company converts its net income into free cash flow. This clause in contracts may detail expectations or targets for cash flow conversion, serving as an indicator of a company's ability to generate cash from its operations relative to its reported earnings.

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Default interest rate

A default interest rate clause stipulates the interest rate that will be applied to overdue payments in a contract. This rate serves as a financial penalty, incentivizing timely payments and compensating the party owed for any delay.

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Force majeure

A force majeure clause relieves parties from fulfilling contractual obligations when extraordinary events or circumstances beyond their control, such as natural disasters, war, or pandemics, occur, making performance impracticable or impossible. This provision typically outlines the specific events covered, the procedure for invoking the clause, and the consequences for both parties.

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Dispute resolution

The dispute resolution clause outlines the methods by which any disagreements arising from a contract will be managed, specifying procedures such as negotiation, mediation, arbitration, or litigation. This clause aims to provide a clear framework for resolving conflicts efficiently, thus minimizing potential disruptions to the contractual relationship.

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Notice period

The Notice Period clause specifies the amount of time that must be given by one party to the other before terminating or making significant changes to an agreement. It ensures all parties have adequate time to prepare for any transitions or adjustments resulting from the termination or modification of the contract.

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Confidentiality clause

A confidentiality clause is a provision in a contract that obligates one or both parties to keep certain information confidential and not to disclose it to third parties without prior consent. This clause is designed to protect sensitive information such as trade secrets, business strategies, and proprietary data shared during the course of the contractual relationship.

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Assignment

An assignment clause in a contract outlines the conditions under which one party may transfer its rights or obligations to another party. It typically specifies whether prior consent is required for such a transfer and identifies any exceptions to these requirements.

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