# Cash-sweep agreement and debt repayment clause (cash-sweep agreement)

- Canonical URL: https://www.gerhardmerk.de/cash-sweep-agreement-and-debt-repayment-clause-cash-sweep-agreement
- Post ID: 589077
- Modified: 2023-07-25T21:01:16+00:00
- Language: en

## Definition

The contractual obligation of a company - usually related to a target company in the context of a leveraged buyout - that any net inflow of cash, the cash flow, must first be used to pay off existing liabilities. - Cf. Deutsche Bundesbank Monthly Report of April 2007, p. 21 f. (effects on the risk profile). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1