Can be paired with your own extractors?

Yes

Is paired with pre-trained extractors?

Yes

Normalised?

No

Which pre-trained models use this analyser?
  • Facility Agreements – Administrative Fee, Majority Lenders
  • Commercial Agreements – Liability Cap

Percentage Analyser overview

In the following examples, we demonstrate using blue highlights what the analyser will find.

EXAMPLE

COMMENTARY

7.3 Fees During Renewal Terms. The Fees are fixed during the Initial Term.  Acme Corp may increase the Fees for any Renewal Term by providing written notice to Customer at least 60 days prior to the commencement of such Renewal Term. No increase in fees for any Renewal Term shall exceed 3% of the Fees effective during the immediately preceding Initial Term or Renewal Term

Finds:

  • the percentage expressed as a number next to a % symbol.

"Majority Lenders" means a Lender or Lenders whose Commitments aggregate more than 66 2/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 66 2/3% of the Total Commitments immediately prior to the reduction).

Finds:

  • multiple percentages (in the same sample)
  • qualifiers (like more than or less than) and
  • percentages expressed as fractions.

No increase in fees for any Renewal Term shall exceed 3 and 1/3% of the fees effective during the immediately preceding Initial Term or Renewal Term.

Finds:

  • percentages expressed as fractions including textual expression (“and”)

FEES 11.1 Commitment fee 11.1.1 The Borrower shall pay to the Agent (for the account of each Lender) a fee computed at the rate of 1.50 per cent per annum on that Lender’s Available Facility for Facility A for the Availability Period applicable to Facility A. The accrued commitment fee is payable quarterly in arrear on: (a) the Utilisation Date of the Facility A Loan; (b) thereafter on each Interest Payment Date during the Facility A Availability Period; and (c) on the last day of the Facility A Availability Period, and, if cancelled in full, on the cancelled amount of the Facility A Commitments at the time the cancellation is effective. 11.1.2 The Borrower shall pay to the Agent (for the account of each Lender) a fee computed at the rate of 1.50 per cent per annum on that Lender’s Available Facility for Facility C for the Availability Period applicable to Facility C.

Finds:

  • multiple percentages located in the same sample.
  • percentage values expressed as a  decimal.
  • percentage expressed as a number next to the word “per cent”.

…. 9.4.2 in respect of all other defaults, claims, losses or damages, whether arising from breach of contact, misrepresentation (whether tortuous or ^^hjfer^), tort (including eggl^nG^, ^each of statutory duty or otherwise shall in no event exceed a sum equivalent to one hundred and twenty five percent (125%) of the Charges paid or payable to the Supplier in the Year of this Call-Off Agreement, as calculated as at the date of the event giving rise to the claim under consideration (or if such event occurs in the first twelve (12) Months of the Call-Off Agreement Period, the amount estimated to be paid in the first twelve (12) Months of the Call-Off Agreement Period) and subject in any event to the financial iimits referred to in Clause 9.4.1.

Finds:

  • the textual expression of percentage and
  • the numeric expression of percentage.

Known Limitations

EXAMPLE

COMMENTARY

Availability of greater than or equal to Ninety Nine Percent (99%).

Will not recognise the fact that the textual expression and numeric expression are the same.  

Following the occurrence of any Event of Default, interest is payable on any overdue sum at the rate of 17% per annum.

Does not extract the qualifying period (e.g., per annum)