Early Payment Option (EPO) Terms and Conditions

Last updated on May 14, 2026.

Clearco’s Additional Benefit of Early Payment Option ("EPO") is subject to the following terms and conditions (“EPO Terms”), including what it is, how it works, who may be eligible, and how to request it. These EPO Terms are in addition to the terms and conditions in the agreement(s) between Clearco and customer (the “Clearco Agreement(s)”). Capitalized terms used herein and not otherwise defined have the meaning ascribed to such terms in the Clearco Agreement(s). In the event of a conflict between the terms of the EPO Terms and the Clearco Agreement(s), the EPO Terms shall govern with respect to the subject matter of such conflicting terms.

1) What is Early Payment Option? 

The EPO is an additional benefit for eligible customers that deliver an early payment for the remaining Specified Amounts in connection with one or more Clearco Agreements before the end of the estimated term.

2) How does EPO work? ‍

If a customer elects EPO and Clearco is deemed eligible:

  • Clearco will calculate the EPO amount to be delivered by you to close the applicable Clearco Agreement(s) as of the requested EPO date.
  • Clearco will provide you with documentation confirming the EPO amount and any required steps to deliver such amount.
  • All calculations in connection with the EPO amount shall be made by Clearco and are conclusive absent manifest error.

3) Who is Eligible for EPO?

A customer is eligible for EPO if:

  1. They have at all times timely delivered not less than the Capped Amount for each Clearco Agreement(s); 
  2. They are, and have at all times remained, in good standing under all Clearco Agreement(s) (including no Event of Default has occurred or existed at any time); and
  3. Clearco has not otherwise communicated to the customer that it is ineligible for the EPO (e.g., in an offer/term sheet).

Clearco may also require that the customer meet certain compliance and operational requirements at the time of request. 

4) How do you request EPO?

To request EPO, a customer must explicitly request the EPO (as distinct from a general request to “pay in full early”).

Customers can request EPO by contacting Clearco through:

  • Clearco Support; or
  • their Clearco representative (if applicable).

Clearco may require information to prepare the EPO (for example, the advance(s) to be paid and the desired payment date)

5) Timing, quotes, and completion of early payment

  • An EPO is provided as of a specific date.
  • The EPO amount may change if the payment date changes or if additional activity occurs on the account before payment.
  • Once Clearco irrevocably receives payment in accordance with the EPO instructions and confirms closure of the applicable advance(s), all obligations under the applicable Clearco Agreement(s) shall be deemed paid in full and such Clearco Agreement(s) will no longer be in force or effect (other than provisions that survive).