Lightning Docs Updates 9.5.25
We have issued an update to the system that modified the following:
- Change to Prepayment Premium provision for Step Linear and Non-Linear:
We updated the language for step prepayment premiums (linear and non-linear versions) to make the PPP period conform to the duration of our other PPP provisions. Specifically, we replaced the formula of “x year(s) from the Date of Advance” to reflect a specific date which is also consistent with the other PPP options. See example below:
