[currency and amount in numbers ]

FACILITY AGREEMENT
dated [ ]
for
[NAME OF BORROWER ]
[NAME OF GUARANTOR ]
acting as Guarantor
arranged by
[NAME OF ARRANGERS ]
wit
[NAME OF AGENT ]
acting as Agent
[NAME OF LAW FIRM ]
The Asia Pacifc Loan Market Association consents to the use, reproduction and
transmission of this document by members of the Asia Pacifc Loan Market Association
for the preparation and documentation of agreements relating to transactions or
potential transactions in the loan markets. This document may be reproduced and
transmitted in template form to non-members of the Asia Pacifc Loan Market Association
in hard copy only. The Asia Pacifc Loan Market Association does not consent to the use,
reproduction or transmission of this document for any other purpose, in any other
manner or by any other person and expressly reseres all other rights. The Asia Pacifc
Loan Market Association ackno!ledges that this document is based, !ith the permission
of the Loan Market Association, on the recommended form of facility agreement of the
Loan Market Association. "opyright in this document is ested in the Asia Pacifc Loan
Market Association.
"#$T%$T&
"LA'&% PA(%
&ection )!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "
*nterpretation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "
"! #e$nitions And Inter%retation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "
&ection +!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "&
The ,acility!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "&
'! Te Faci(ity!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "&
)! *ur%ose!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "&
+! Conditions ,f -ti(isation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "&
&ection -!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "'
'tilisation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "'
.! -ti(isation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "'
&ection .!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ")
/epayment, Prepayment And "ancellation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!")
/! Re%ay0ent!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ")
1! *re%ay0ent And Cance((ation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!")
&ection 0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "/
"osts #f 'tilisation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "/
2! Interest!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "/
3! Interest *eriods!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "1
"&! Canges To Te Ca(cu(ation ,f Interest!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"2
""! Fees!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "3
&ection 1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '&
Additional Payment #bligations!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'&
"'! Ta4 Gross -% And Inde0nities!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'&
")! Increased Costs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ''
"+! Mitigation 5y Te Lenders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ')
".! ,ter Inde0nities!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '+
"/! Costs And E4%enses!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '.
&ection 2!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '/
(uarantee!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '/
"1! Guarantee And Inde0nity!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '/
6 i 6
&ection 3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '3
/epresentations, 'ndertakings And %ents #f 4efault!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'3
"2! Re%resentations!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! '3
"3! Infor0ation -nderta7ings!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! )"
'&! Financia( Co8enants!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ).
'"! Genera( -nderta7ings!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ).
''! E8ents ,f #efau(t!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! )3
&ection 5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! +)
"hanges To Parties!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! +)
')! Canges To Te Lenders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! +)
'+! #isc(osure ,f Infor0ation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! +.
&ection )6!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! +1
The ,inance Parties!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! +1
'.! Ro(e ,f Te Agent And Te Arranger!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!+1
'/! 9aring A0ong Te Finance *arties!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.'
&ection ))!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .+
Administration!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .+
'1! *ay0ent Mecanics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .+
'2! 9et6,:!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ./
'3! Notices!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ./
)&! Ca(cu(ations And Certi$cates!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.2
)"! *artia( In8a(idity!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .2
)'! Re0edies And ;ai8ers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .3
))! A0end0ents And ;ai8ers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .3
)+! Counter%arts!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .3
&ection )+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! /&
(oerning La! And %nforcement!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/&
).! Go8erning Law!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! /&
)/! Enforce0ent!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! /&
9cedu(e " T<E ,RIGINAL LEN#ER9!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/"
9cedu(e ' C,N#ITI,N9 *RECE#ENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/'
9cedu(e ) RE=-E9T9!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/+
9cedu(e + F,RM ,F TRAN9FER CERTIFICATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!//
6 ii 6
9cedu(e . F,RM ,F C,M*LIANCE CERTIFICATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/2
9cedu(e / E>I9TING 9EC-RITY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/3
9cedu(e 1 TIMETA5LE9!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1&
6 iii 6
T7*& A(/%%M%$T is dated [ ] and 0ade between?
@"A [ ] @te B8orro!erBAC
@'A [ ] @te B(uarantorBAC
@)A [ ] [and [ ]] @[weter acting indi8idua((y or togeter]
te BArrangerBAC
@+A T7% ,*$A$"*AL *$&T*T'T*#$& (isted in 9cedu(e " @The Oriina!
LendersA as (enders @te B#riginal LendersBAC and
@.A [ ] as agent of te Finance *arties @oter tan itse(fA @te
BAgentBA!
*T *& A(/%%4 as fo((ows?
&%"T*#$ )
*$T%/P/%TAT*#$
). 4%,*$*T*#$& A$4 *$T%/P/%TAT*#$
"!" 4efnitions
In tis Agree0ent?
BA9liateB 0eansD in re(ation to any %ersonD a 9ubsidiary of tat
%erson or a <o(ding Co0%any of tat %erson or any oter 9ubsidiary of
tat <o(ding Co0%any!
BAPLMAB 0eans te Asia *aci$c Loan Mar7et Association Li0ited!
BAuthorisationB 0eans?
@aA an autorisationD consentD a%%ro8a(D reso(utionD (icenceD
e4e0%tionD $(ingD notarisationD (odge0ent or registrationC or
@bA in re(ation to anyting wic wi(( be fu((y or %art(y %roibited or
restricted by (aw if a Go8ern0ent Agency inter8enes or acts in
any way witin a s%eci$ed %eriod after (odge0entD $(ingD
registration or noti$cationD te e4%iry of tat %eriod witout
inter8ention or action!
BAailability PeriodB 0eans te %eriod fro0 and inc(uding te date
of tis Agree0ent to and inc(uding [ ]!
BAailable "ommitmentB 0eans a LenderEs Co00it0ent 0inus?
@aA te a0ount of its %artici%ation in any outstanding LoansC and
" 6 1& 6
@bA in re(ation to any %ro%osed -ti(isationD te a0ount of its
%artici%ation in any Loans tat are due to be 0ade on or before
te %ro%osed -ti(isation #ate!
BAailable ,acilityB 0eans te aggregate for te ti0e being of eac
LenderEs A8ai(ab(e Co00it0ent!
B8reak "ostsB 0eans te a0ount @if anyA by wic?
@aA te interest wic a Lender sou(d a8e recei8ed %ursuant to
te ter0s of tis Agree0ent for te %eriod fro0 te date of
recei%t of a(( or any %art of te %rinci%a( a0ount of a Loan or
-n%aid 9u0 to te (ast day of te current Interest *eriod in
res%ect of tat Loan or -n%aid 9u0D ad te %rinci%a( a0ount
or -n%aid 9u0 recei8ed been %aid on te (ast day of tat
Interest *eriodC
e4ceeds?
@bA te a0ount of interest wic tat Lender wou(d be ab(e to
obtain by %(acing an a0ount eFua( to te %rinci%a( a0ount or
-n%aid 9u0 recei8ed by it on de%osit wit a (eading ban7 in te
Re(e8ant Interban7 Mar7et for a %eriod starting on te 5usiness
#ay fo((owing recei%t or reco8ery and ending on te (ast day of
te current Interest *eriod!
B8usiness 4ayB 0eans a day @oter tan a 9aturday or 9undayA on
wic ban7s are o%en for genera( business in London [and <ong Gong]H
[and wic is a TARGET #ay]H[and ]!
B"ommitmentB 0eans?
@aA in re(ation to an ,rigina( LenderD te a0ount set o%%osite its
na0e under te eading B Co00it0entB in 9cedu(e " @The
Oriina! LendersA and te a0ount of any oter Co00it0ent
transferred to it under tis Agree0entC and
@bA in re(ation to any oter LenderD te a0ount of any Co00it0ent
transferred to it under tis Agree0entD
to te e4tent not cance((edD reduced or transferred by it under tis
Agree0ent!
B"ompliance "ertifcateB 0eans a certi$cate de(i8ered %ursuant to
C(ause "3!' @"om#!iance "erti$cateA and signed by [two directors]H
[two senior oIcersD one of wo0 sa(( be te cief $nance oIcer or
$nance director] of te 5orrower [substantia((y in te for0 set out in
9cedu(e . @ Form o% "om#!iance "erti$cate A]H[in for0 and substance
satisfactory to te Agent]!
" 6 1& 6
B"onfdentiality 'ndertakingB 0eans a con$dentia(ity underta7ing
substantia((y in a reco00ended for0 of te A*LMA or in any oter
for0 agreed between te 5orrower and te Agent!
B4efaultB 0eans an E8ent of #efau(t or any e8ent or circu0stance
s%eci$ed in C(ause '' @E&ents o% 'e%au!tA wic wou(d @wit te e4%iry
of a grace %eriodD te gi8ing of noticeD te 0a7ing of any
deter0ination under te Finance #ocu0ents or any co0bination of
any of te foregoingA be an E8ent of #efau(t!
[B %nironmental "laim B 0eans any c(ai0D %roceeding or
in8estigation by any %erson in res%ect of any En8iron0enta( Law!
B %nironmental La! B 0eans any a%%(icab(e (aw in any Jurisdiction in
wic any 0e0ber of te Grou% conducts business wic re(ates to
te %o((ution or %rotection of te en8iron0ent or ar0 to or te
%rotection of u0an ea(t or te ea(t of ani0a(s or %(ants!
B %nironmental Permits B 0eans any Autorisation and te $(ing of
any noti$cationD re%ort or assess0ent reFuired under any
En8iron0enta( Law for te o%eration of te business of any 0e0ber of
te Grou% conducted on or fro0 te %ro%erties owned or used by te
re(e8ant 0e0ber of te Grou%!]
"
[B %'/*8#/ B 0eansD in re(ation to any Loan?
@aA te a%%(icab(e 9creen RateC or
@bA if no 9creen Rate is a8ai(ab(e for te Interest *eriod of tat
LoanD te arit0etic 0ean of te rates @rounded u%wards to
four deci0a( %(acesA as su%%(ied to te Agent at its reFuest
Fuoted by te Reference 5an7s to (eading ban7s in te
Euro%ean interban7 0ar7etD
as of te 9%eci$ed Ti0e on te =uotation #ay for wic an interest
rate is to be deter0ined for te o:ering of de%osits in euro for a %eriod
co0%arab(e to te Interest *eriod of te re(e8ant Loan!]
B%ent of 4efaultB 0eans any e8ent or circu0stance s%eci$ed as
suc in C(ause '' @E&ents o% 'e%au!tA!
B,acilityB 0eans te ter0 (oan faci(ity 0ade a8ai(ab(e under tis
Agree0ent as described in C(ause ' @The Faci!ityA!
B,acility #9ceB 0eans te oIce or oIces noti$ed by a Lender to te
Agent in writing on or before te date it beco0es a Lender @orD
fo((owing tat dateD by not (ess tan $8e 5usiness #aysE written noticeA
as te oIce or oIces troug wic it wi(( %erfor0 its ob(igations
under tis Agree0ent!
"
Insert if en8iron0enta( co8enants are inc(uded!
" 6 1& 6
B,ee LetterB 0eans any (etter or (etters dated on or about te date of
tis Agree0ent between te Arranger and te 5orrower @or te Agent
and te 5orrowerA setting out any of te fees referred to in C(ause ""
@FeesA!
B,inal /epayment 4ateB 0eans [ ]
'
!
B,inance 4ocumentB 0eans tis Agree0entD any Fee LetterD any
Transfer Certi$cate and any oter docu0ent designated as suc by te
Agent and te 5orrower!
B,inance PartyB 0eans te AgentD te Arranger or a Lender!
B,inancial *ndebtednessB 0eans any indebtedness for or in res%ect
of?
@aA 0oneys borrowedC
@bA any a0ount raised by acce%tance under any acce%tance credit
faci(ityC
@cA any a0ount raised %ursuant to any note %urcase faci(ity or te
issue of bondsD notesD debenturesD (oan stoc7 or any si0i(ar
instru0entC
@dA te a0ount of any (iabi(ity in res%ect of any (ease or ire
%urcase contract wic wou(dD in accordance wit GAA*D be
treated as a $nance or ca%ita( (easeC
@eA recei8ab(es so(d or discounted @oter tan any recei8ab(es to
te e4tent tey are so(d on a non6recourse basisAC
@fA any a0ount raised under any oter transaction @inc(uding any
forward sa(e or %urcase agree0entA a8ing te co00ercia(
e:ect of a borrowingC
@gA any deri8ati8e transaction entered into in connection wit
%rotection against or bene$t fro0 Kuctuation in any rate or
%rice @andD wen ca(cu(ating te 8a(ue of any deri8ati8e
transactionD on(y te 0ar7ed to 0ar7et 8a(ue sa(( be ta7en
into accountAC
@A any counter6inde0nity ob(igation in res%ect of a guaranteeD
inde0nityD bondD standby or docu0entary (etter of credit or any
oter instru0ent issued by a ban7 or $nancia( institutionC and
@iA te a0ount of any (iabi(ity in res%ect of any guarantee or
inde0nity for any of te ite0s referred to in %aragra%s @aA to
@A abo8e!
'
Insert te $na( Re%ay0ent #ate!
" 6 1& 6
B(AAPB 0eans genera((y acce%ted accounting %rinci%(es in [ ]!
B(oernmental AgencyB 0eans any go8ern0ent or any
go8ern0enta( agencyD se0i6go8ern0enta( or Judicia( entity or
autority @inc(udingD witout (i0itationD any stoc7 e4cange or any se(f6
regu(atory organisation estab(ised under statuteA!
B(roupB 0eans te [5orrowerHGuarantor] and its 9ubsidiaries for te
ti0e being!
B7olding "ompanyB 0eansD in re(ation to a co0%any or cor%orationD
any oter co0%any or cor%oration in res%ect of wic it is a 9ubsidiary!
B*ndirect TaxB 0eans any goods and ser8ices ta4D consu0%tion ta4D
8a(ue added ta4 or any ta4 of a si0i(ar nature!
[B *nformation Memorandum B 0eans te docu0ent in te for0
a%%ro8ed by te 5orrower concerning te Grou% wicD at te
5orrowerEs reFuest and on its bea(fD was %re%ared in re(ation to tis
transaction and distributed by te Arranger to se(ected $nancia(
institutions [during [ ]]H[before te date of tis Agree0ent]!]
B*nterest PeriodB 0eansD in re(ation to a LoanD eac %eriod
deter0ined in accordance wit C(ause 3 @Interest (eriodsA andD in
re(ation to an -n%aid 9u0D eac %eriod deter0ined in accordance wit
C(ause 2!) )'e%au!t interest*+
BLenderB 0eans?
@aA any ,rigina( LenderC and
@bA any %erson wic as beco0e a *arty in accordance wit
C(ause ') @"hanes to the LendersAD
wic in eac case as not ceased to be a *arty in accordance wit
te ter0s of tis Agree0ent!
[B L*8#/ B 0eansD in re(ation to any Loan?
@aA te a%%(icab(e 9creen RateC or
@bA if no 9creen Rate is a8ai(ab(e for [do((ars]H[euros]H[oter] for te
Interest *eriod of tat LoanD te arit0etic 0ean of te rates
@rounded u%wards to four deci0a( %(acesA Fuoted by te
Reference 5an7s to (eading ban7s in te London interban7
0ar7et @as su%%(ied to te Agent at its reFuestAD
as of te 9%eci$ed Ti0e on te =uotation #ay for wic an interest
rate is to be deter0ined for te o:ering of de%osits in [do((ars]H[euros]H
[oter] and for a %eriod co0%arab(e to te Interest *eriod for tat
Loan!]
" 6 1& 6
BLoanB 0eans a (oan 0ade or to be 0ade under te Faci(ity or te
%rinci%a( a0ount outstanding for te ti0e being of tat (oan!
BMa:ority LendersB 0eans?
@aA if tere are no Loans ten outstandingD a Lender or Lenders
wose Co00it0ents aggregate 0ore tan [//
'
H
)
]L of te Tota(
Co00it0ents @orD if te Tota( Co00it0ents a8e been reduced
to MeroD aggregated 0ore tan [//
'
H
)
]L of te Tota(
Co00it0ents i00ediate(y %rior to te reductionAC or
@bA at any oter ti0eD a Lender or Lenders wose %artici%ations in
te Loans ten outstanding aggregate 0ore tan [//
'
H
)
]L of a((
te Loans ten outstanding!
BMarginB 0eans [ ] %er cent! %er annu0!
BMaterial Aderse %;ectB 0eans a 0ateria( ad8erse e:ect on @aA
te businessD o%erationsD %ro%ertyD condition @$nancia( or oterwiseA or
%ros%ects of te Grou% ta7en as a wo(eC @bA te abi(ity of any of te
,b(igors to %erfor0 its ob(igations under te Finance #ocu0entsC or @cA
te 8a(idity or enforceabi(ity of tis Agree0ent or te rigts or
re0edies of any Finance *arty under te Finance #ocu0ents!
BMonthB 0eans a %eriod starting on one day in a ca(endar 0ont and
ending on te nu0erica((y corres%onding day in te ne4t ca(endar
0ontD e4ce%t tat?
@aA subJect to %aragra% @cA be(owD if te nu0erica((y
corres%onding day is not a 5usiness #ayD tat %eriod sa(( end
on te ne4t 5usiness #ay in tat ca(endar 0ont in wic tat
%eriod is to end if tere is oneD or if tere is notD on te
i00ediate(y %receding 5usiness #ayC
@bA if tere is no nu0erica((y corres%onding day in te ca(endar
0ont in wic tat %eriod is to endD tat %eriod sa(( end on
te (ast 5usiness #ay in tat ca(endar 0ontC and
@cA if an Interest *eriod begins on te (ast 5usiness #ay of a
ca(endar 0ontD tat Interest *eriod sa(( end on te (ast
5usiness #ay in te ca(endar 0ont in wic tat Interest
*eriod is to end!
Te abo8e ru(es wi(( a%%(y on(y to te (ast Mont of any %eriod!
B#bligorsB 0ean te 5orrower and te Guarantor and B#bligorB
0eans eac one of te0!
" 6 1& 6
B#riginal ,inancial &tatementsB 0eans?
@aA in re(ation to te [5orrowerHGuarantor]D te audited
conso(idated $nancia( state0ents of te Grou% for te $nancia(
year ended [ ]C and
[@aA in re(ation to te 5orrowerD its audited $nancia( state0ents for
its $nancia( year ended [ ]!]
BParticipating Member &tateB 0eans any 0e0ber state of te
Euro%ean Co00unities tat ado%ts or as ado%ted te euro as its
(awfu( currency in accordance wit (egis(ation of te Euro%ean
Co00unity re(ating to Econo0ic and Monetary -nion!
BPartyB 0eans a %arty to tis Agree0ent!
B<uotation 4ayB 0eansD in re(ation to any %eriod for wic an
interest rate is to be deter0inedD [te $rst day of tat %eriod]H[two
5usiness #ays before te $rst day of tat %eriod]H[two TARGET #ays
before te $rst day of tat %eriod] un(ess 0ar7et %ractice di:ers in te
Re(e8ant Interban7 Mar7et in wic case te =uotation #ay wi(( be
deter0ined by te Agent in accordance wit 0ar7et %ractice in te
Re(e8ant Interban7 Mar7et @and if Fuotations wou(d nor0a((y be gi8en
by (eading ban7s in te Re(e8ant Interban7 Mar7et on 0ore tan one
dayD te =uotation #ay wi(( be te (ast of tose daysA!
B/eference 8anksB 0eansD subJect to C(ause '.!". @Re%erence
Ban,sAD [te %rinci%a( London oIces of [ ]D [ ] and [ ]]H[te
%rinci%a( oIce in [ ] of [ ]D[ ] and [ ]] or suc oter ban7s as
0ay be a%%ointed by te Agent in consu(tation wit te 5orrower!
B/eleant *nterbank MarketB 0eans [te Euro%ean interban7
0ar7et]
".
H[te London interban7 0ar7et!]
B/epayment 4ateB 0eans [ ]!
[B /epayment *nstalment B 0eans [ ]!]
[B /epeating /epresentations B 0eans eac of te re%resentations
set out in C(auses "2![ ]D "2![ ] and "2![ ]!]
B&creen /ateB 0eans [te 5ritis 5an7ersN Association Interest
9ett(e0ent Rate for [do((ars]H[euro]H[oter] for te re(e8ant %eriod]H[te
%ercentage rate %er annu0 deter0ined by te 5an7ing Federation of
te Euro%ean -nion for te re(e8ant %eriod] dis%(ayed on te
a%%ro%riate %age of te [Te(erate]H[Reuters]H[5(oo0berg] screen! If te
agreed %age is re%(aced or ser8ice ceases to be a8ai(ab(eD te Agent
0ay s%ecify anoter %age or ser8ice dis%(aying te a%%ro%riate rate
after consu(tation wit te 5orrower and te Lenders!
" 6 1& 6
B&ecurityB 0eans a 0ortgageD cargeD %(edgeD (ien or oter security
interest securing any ob(igation of any %erson or any oter agree0ent
or arrange0ent a8ing a si0i(ar e:ect!
B&election $oticeB 0eans a notice substantia((y in te for0 set out in
*art II of 9cedu(e ) @Re-uestsA gi8en in accordance wit C(ause 3
@Interest (eriodsA!
B&pecifed TimeB 0eans a ti0e deter0ined in accordance wit
9cedu(e 1 @Timetab!esA!
B&ubsidiaryB 0eans [a subsidiary witin te 0eaning of section 1)/
of te Co0%anies Act "32.]H[a subsidiary underta7ing witin te
0eaning of section '.2 of te Co0%anies Act "32.]H[D in re(ation to
any co0%any or cor%orationD a co0%any or cor%oration?
@aA wic is contro((edD direct(y or indirect(yD by te $rst 0entioned
co0%any or cor%orationC
@bA 0ore tan a(f te issued eFuity sare ca%ita( of wic is
bene$cia((y ownedD direct(y or indirect(yD by te $rst 0entioned
co0%any or cor%orationC or
@cA wic is a 9ubsidiary of anoter 9ubsidiary of te $rst
0entioned co0%any or cor%orationD
and for tis %ur%oseD a co0%any or cor%oration sa(( be treated as
being contro((ed by anoter if tat oter co0%any or cor%oration is
ab(e to direct its a:airs andHor to contro( te co0%osition of its board
of directors or eFui8a(ent body]H[ ]!
[BTA/(%TB 0eans Trans6Euro%ean Auto0ated Rea(6ti0e Gross
9ett(e0ent E4%ress Transfer %ay0ent syste0!]
[BTA/(%T 4ayB 0eans any day on wic TARGET is o%en for te
sett(e0ent of %ay0ents in euro!]
BTaxB 0eans any ta4D (e8yD i0%ostD duty or oter carge or wito(ding
of a si0i(ar nature @inc(uding any %ena(ty or interest %ayab(e in
connection wit any fai(ure to %ay or any de(ay in %aying any of te
sa0eA!
BTotal "ommitmentsB 0eans te aggregate of te Co00it0ents
being [ ] at te date of tis Agree0ent!
BTransfer "ertifcateB 0eans a certi$cate substantia((y in te for0
set out in 9cedu(e + @Form o% Trans%er "erti$cateA or any oter for0
agreed between te Agent and te 5orrower!
BTransfer 4ateB 0eansD in re(ation to a transferD te (ater of?
" 6 1& 6
@aA te %ro%osed Transfer #ate s%eci$ed in te Transfer Certi$cateC
and
@bA te date on wic te Agent e4ecutes te Transfer Certi$cate!
B'npaid &umB 0eans any su0 due and %ayab(e but un%aid by an
,b(igor under te Finance #ocu0ents!
B'tilisationB 0eans a uti(isation of te Faci(ity!
B'tilisation 4ateB 0eans te date of a -ti(isationD being te date on
wic te re(e8ant Loan is to be 0ade!
B'tilisation /e=uestB 0eans a notice substantia((y in te for0 set
out in *art I of 9cedu(e ) @Re-uestsA!
"!' "onstruction
@aA -n(ess a contrary indication a%%earsD any reference in tis Agree0ent
to?
@iA te BAgentBD te BArrangerBD any B,inance PartyBD any
BLenderBD any B#bligorB or any BPartyB sa(( be construed so
as to inc(ude its successors in tit(eD %er0itted assigns and
%er0itted transfereesC
@iiA BassetsB inc(udes %resent and future %ro%ertiesD re8enues and
rigts of e8ery descri%tionC
@iiiA [te B %uropean interbank market B 0eans te interban7
0ar7et for euro o%erating in *artici%ating Me0ber 9tatesC]
@i8A a B,inance 4ocumentB or any oter agree0ent or instru0ent
is a reference to tat Finance #ocu0ent or oter agree0ent or
instru0ent as a0ended or no8atedC
@8A BindebtednessB inc(udes any ob(igation @weter incurred as
%rinci%a( or as suretyA for te %ay0ent or re%ay0ent of 0oneyD
weter %resent or futureD actua( or contingentC
@8iA a BpersonB inc(udes any %ersonD $r0D co0%anyD cor%orationD
go8ern0entD state or agency of a state or any associationD trust
or %artnersi% @weter or not a8ing se%arate (ega(
%ersona(ityA or two or 0ore of te foregoingC
@8iiA a BregulationB inc(udes any regu(ationD ru(eD oIcia( directi8eD
reFuest or guide(ine @weter or not a8ing te force of (awA of
any go8ern0enta(D intergo8ern0enta( or su%ranationa( bodyD
agencyD de%art0ent or regu(atoryD se(f6regu(atory or oter
autority or organisationC
" 6 1& 6
@8iiiA a %ro8ision of (aw is a reference to tat %ro8ision as a0ended
or re6enactedC and
@i4A a ti0e of day is a reference to [<ong Gong] ti0e!
@bA 9ectionD C(ause and 9cedu(e eadings are for ease of reference on(y!
@cA -n(ess a contrary indication a%%earsD a ter0 used in any oter Finance
#ocu0ent or in any notice gi8en under or in connection wit any
Finance #ocu0ent as te sa0e 0eaning in tat Finance #ocu0ent or
notice as in tis Agree0ent!
@dA A #efau(t @oter tan an E8ent of #efau(tA is BcontinuingB if it as not
been re0edied or wai8ed and an E8ent of #efau(t is BcontinuingB if it
as not been [re0edied or wai8ed]H[wai8ed]!
@eA ;ere tis Agree0ent s%eci$es an a0ount in a gi8en currency @te
Bspecifed currencyBA Bor its e=uialentBD te Be=uialentB is a
reference to te a0ount of any oter currency wicD wen con8erted
into te s%eci$ed currency uti(ising te AgentEs s%ot rate of e4cange
for te %urcase of te s%eci$ed currency wit tat oter currency at
or about "" a!0! on te re(e8ant dateD is eFua( to te re(e8ant a0ount
in te s%eci$ed currency!
"!) Third party rights
[A %erson wo is not a *arty as no rigt under te Contracts @Rigts
of Tird *artiesA Act "333 to enforce or to enJoy te bene$t of any ter0
of tis Agree0ent!]
#/
@aA -n(ess e4%ress(y %ro8ided to te contrary in a Finance
#ocu0ent a %erson wo is not a *arty as no rigt under te
Contracts @Rigts of Tird *artiesA Act "333 @te O Third Parties
Act PA to enforce or to enJoy te bene$t of any ter0 of tis
Agree0ent!
@bA Notwitstanding any ter0 of any Finance #ocu0entD te
consent of any tird %erson wo is not a *arty is not reFuired to
rescind or 8ary tis Agree0ent at any ti0e]!
" 6 1& 6
&%"T*#$ +
T7% ,A"*L*T>
+. T7% ,A"*L*T>
'!" The ,acility
9ubJect to te ter0s of tis Agree0entD te Lenders 0a7e a8ai(ab(e to
te 5orrower a [do((ar]H[euro]H[oter] ter0 (oan faci(ity in an aggregate
a0ount eFua( to te Tota( Co00it0ents!
'!' ,inance Parties? rights and obligations
@aA Te ob(igations of te Finance *arties under te Finance #ocu0ents
are se8era(! Fai(ure by a Finance *arty to %erfor0 its ob(igations under
te Finance #ocu0ents does not a:ect te ob(igations of any oter
*arty under te Finance #ocu0ents! No Finance *arty is res%onsib(e
for te ob(igations of any oter Finance *arty under te Finance
#ocu0ents!
@bA Te rigts of te Finance *arties under or in connection wit te
Finance #ocu0ents are se%arate and inde%endent rigts and any debt
arising under te Finance #ocu0ents to a Finance *arty fro0 an
,b(igor sa(( be a se%arate and inde%endent debt!
@cA A Finance *arty 0ayD e4ce%t as oterwise stated in te Finance
#ocu0entsD se%arate(y enforce its rigts under te Finance
#ocu0ents!
-. P'/P#&%
)!" Purpose
Te 5orrower sa(( a%%(y a(( a0ounts borrowed by it under te Faci(ity
towards [ ]!
)!' Monitoring
No Finance *arty is bound to 0onitor or 8erify te a%%(ication of any
a0ount borrowed %ursuant to tis Agree0ent!
.. "#$4*T*#$& #, 'T*L*&AT*#$
+!" *nitial conditions precedent
Te 5orrower 0ay not de(i8er a -ti(isation ReFuest un(ess te Agent
as recei8ed a(( of te docu0ents and oter e8idence (isted in and
a%%earing to co0%(y wit te reFuire0ents of 9cedu(e ' @"onditions
#recedentA! Te Agent sa(( notify te 5orrower and te Lenders
%ro0%t(y u%on recei8ing suc docu0ents and oter e8idence!
+!' ,urther conditions precedent
Te Lenders wi(( be ob(iged to co0%(y wit C(ause .!+ @Lenders.
#artici#ationA on(y if on te date of te -ti(isation ReFuest and on te
%ro%osed -ti(isation #ate?
" 6 1& 6
@aA no #efau(t is continuing or wou(d resu(t fro0 te %ro%osed
LoanC and
@bA te Re%eating Re%resentations to be 0ade by eac ,b(igor are
true in a(( 0ateria( res%ects!
+!) Maximum number of Loans
@aA Te 5orrower 0ay not de(i8er a -ti(isation ReFuest if as a resu(t
of te %ro%osed -ti(isation [ ] or 0ore Loans wou(d be
outstanding!
@bA Te 5orrower 0ay not reFuest tat a Loan be di8ided ifD as a
resu(t of te %ro%osed di8isionD [ ] or 0ore Loans wou(d be
outstanding!
" 6 1& 6
&%"T*#$ -
'T*L*&AT*#$
0. 'T*L*&AT*#$
.!" 4eliery of a 'tilisation /e=uest
Te 5orrower 0ay uti(ise te Faci(ity by de(i8ery to te Agent of a du(y
co0%(eted -ti(isation ReFuest not (ater tan te 9%eci$ed Ti0e!
.!' "ompletion of a 'tilisation /e=uest
@aA Eac -ti(isation ReFuest is irre8ocab(e and wi(( not be regarded as
a8ing been du(y co0%(eted un(ess?
@iA te %ro%osed -ti(isation #ate is a 5usiness #ay witin te
A8ai(abi(ity *eriodC
@iiA te currency and a0ount of te -ti(isation co0%(y wit C(ause
.!) @"urrency and amountAC and
@iiiA te %ro%osed $rst Interest *eriod co0%(ies wit C(ause 3
@Interest (eriodsA!
@bA ,n(y one Loan 0ay be reFuested in eac -ti(isation ReFuest!
.!) "urrency and amount
@aA Te currency s%eci$ed in a -ti(isation ReFuest 0ust be [do((ars]H
[euros]H[oter]!
@bA Te a0ount of te %ro%osed Loan 0ust be an a0ount wic is not
0ore tan te A8ai(ab(e Faci(ity and wic is a 0ini0u0 of [ ] orD
if (essD te A8ai(ab(e Faci(ity!
.!+ Lenders@ participation
@aA If te conditions set out in C(ause + @"onditions o% Uti!isationA and .!"
@'e!i&ery o% a Uti!isation Re-uestA to .!) @"urrency and amountA abo8e
a8e been 0etD eac Lender sa(( 0a7e its %artici%ation in eac Loan
a8ai(ab(e by te -ti(isation #ate troug its Faci(ity ,Ice!
@bA Te a0ount of eac LenderEs %artici%ation in eac Loan wi(( be eFua(
to te %ro%ortion borne by its A8ai(ab(e Co00it0ent to te A8ai(ab(e
Faci(ity i00ediate(y %rior to 0a7ing te Loan!
@cA Te Agent sa(( notify eac Lender of te a0ount of eac Loan and te
a0ount of its %artici%ation in tat (oan by te 9%eci$ed Ti0e!
.!. "ancellation of unutilised "ommitment
At c(ose of business in [ ]
)
on te (ast day of te A8ai(abi(ity
*eriodD te unuti(ised a0ount of eac LenderEs Co00it0ent sa(( be
auto0atica((y cance((ed!
)
Insert te %rinci%a( $nancia( centre of te currency of te Faci(ity!
" 6 1& 6
&%"T*#$ .
/%PA>M%$T, P/%PA>M%$T A$4 "A$"%LLAT*#$
1. /%PA>M%$T
/!" /epayment of Loans
[ ]!
/!' /eborro!ing
Te 5orrower 0ay not reborrow any %art of te Faci(ity wic is re%aid!
2. P/%PA>M%$T A$4 "A$"%LLAT*#$
1!" *llegality
IfD at any ti0eD it is or wi(( beco0e un(awfu( in any a%%(icab(e
Jurisdiction for a Lender to %erfor0 any of its ob(igations as
conte0%(ated by tis Agree0ent or to fund or 0aintain its
%artici%ation in any Loan?
@aA tat Lender sa(( %ro0%t(y notify te Agent u%on beco0ing
aware of tat e8entC
@bA u%on te Agent notifying te 5orrowerD te Co00it0ent of tat
Lender wi(( be i00ediate(y cance((edC and
@cA te 5orrower sa(( re%ay tat LenderEs %artici%ation in te
Loans on te (ast day of te Interest *eriod for eac Loan
occurring after te Agent as noti$ed te 5orrower orD if ear(ierD
te date s%eci$ed by te Lender in te notice de(i8ered to te
Agent @being no ear(ier tan te (ast day of any a%%(icab(e
grace %eriod %er0itted by (awA!
1!' A"hange of control
@aA If [[ ] ceases to contro( te 5orrower]H[any %erson or grou% of
%ersons acting in concert gains contro( of te 5orrower]?
@iA te 5orrower sa(( %ro0%t(y notify te Agent u%on beco0ing
aware of tat e8entC and
@iiA if te MaJority Lenders so reFuireD te Agent sa((D by not (ess
tan [ ] days notice to te 5orrowerD cance( te Faci(ity and
dec(are a(( outstanding LoansD togeter wit accrued interestD
and a(( oter a0ounts accrued under te Finance #ocu0ents
i00ediate(y due and %ayab(eD wereu%on te Faci(ity wi(( be
cance((ed and a(( suc outstanding a0ounts wi(( beco0e
i00ediate(y due and %ayab(e!
@bA For te %ur%ose of %aragra% @aA abo8e B control B 0eans [ ]!
" 6 1& 6
@cA [For te %ur%ose of %aragra% @aA abo8e B acting in concert B 0eans
[ ]!]
+
1!) Boluntary cancellation
Te 5orrower 0ayD if it gi8es te Agent not (ess tan [ ] 5usiness
#aysE @or suc sorter %eriod as te MaJority Lenders 0ay agreeA %rior
noticeD cance( te wo(e or any %art @being a 0ini0u0 a0ount of
[ ]A of te A8ai(ab(e Faci(ity! Any cance((ation under tis C(ause
1!) sa(( reduce te Co00it0ents of te Lenders rateab(y!
1!+ Boluntary prepayment of Loans
@aA Te 5orrower 0ayD if it gi8es te Agent not (ess tan [ ] 5usiness
#aysE @or suc sorter %eriod as te MaJority Lenders 0ay agreeA %rior
noticeD %re%ay [on te (ast day of te Interest *eriod a%%(icab(e
tereto] te wo(e or any %art of any Loan @butD if in %artD being an
a0ount tat reduces te a0ount of te Loan by a 0ini0u0 a0ount of
[ ]A!
@bA A Loan 0ay be %re%aid on(y after te (ast day of te A8ai(abi(ity *eriod
@orD if ear(ierD te day on wic te A8ai(ab(e Faci(ity is MeroA!
@cA [Any %re%ay0ent under tis C(ause 1!+ sa(( satisfy te ob(igations
under C(ause /!" @ Re#ayment o% Loans A [in in8erse crono(ogica(
order]H[ #ro rata ] and be a%%(ied rateab(y a0ong te %artici%ations of
a(( Lenders!]
1!. /ight of prepayment and cancellation in relation to a single
Lender
@aA If?
@iA any su0 %ayab(e to any Lender by an ,b(igor is reFuired to be
increased under %aragra% @aA of C(ause "'!' @Ta/ ross0u#AC or
@iiA any Lender c(ai0s inde0ni$cation fro0 te 5orrower under
C(ause "'!) @Ta/ indemnityA or C(ause ")!" @Increased costsAD
te 5orrower 0ayD wi(st te circu0stance gi8ing rise to te
reFuire0ent or inde0ni$cation continuesD gi8e te Agent notice of
cance((ation of te Co00it0ent of tat Lender and its intention to
%rocure te %re%ay0ent of tat LenderEs %artici%ation in te Loans!
@bA ,n recei%t of a notice referred to in %aragra% @aA abo8eD te
Co00it0ent of tat Lender sa(( i00ediate(y be reduced to Mero!
@cA ,n te (ast day of eac Interest *eriod wic ends after te 5orrower
as gi8en notice under %aragra% @aA abo8e @orD if ear(ierD te date
s%eci$ed by te 5orrower in tat noticeAD te 5orrower sa(( %re%ay
tat LenderEs %artici%ation in te re(e8ant Loan!
+
#e%ending on te ter0s of te transaction!
" 6 1& 6
1!/ /estrictions
@aA Any notice of cance((ation or %re%ay0ent gi8en by any *arty under tis
C(ause 1 sa(( be irre8ocab(e andD un(ess a contrary indication a%%ears
in tis Agree0entD sa(( s%ecify te date or dates u%on wic te
re(e8ant cance((ation or %re%ay0ent is to be 0ade and te a0ount of
tat cance((ation or %re%ay0ent!
@bA Any %re%ay0ent under tis Agree0ent sa(( be 0ade togeter wit
accrued interest on te a0ount %re%aid andD subJect to any 5rea7
CostsD witout %re0iu0 or %ena(ty!
@cA Te 5orrower 0ay not reborrow any %art of te Faci(ity wic is
%re%aid!
@dA Te 5orrower sa(( not re%ay or %re%ay a(( or any %art of te Loans or
cance( a(( or any %art of te Co00it0ents e4ce%t at te ti0es and in
te 0anner e4%ress(y %ro8ided for in tis Agree0ent!
@eA No a0ount of te Tota( Co00it0ents cance((ed under tis Agree0ent
0ay be subseFuent(y reinstated!
@fA If te Agent recei8es a notice under tis C(ause 1 it sa(( %ro0%t(y
forward a co%y of tat notice to eiter te 5orrower or te a:ected
LenderD as a%%ro%riate!
1!1 AMandatory Prepayment
[ ]]
" 6 1& 6
&%"T*#$ 0
"#&T& #, 'T*L*&AT*#$
3. *$T%/%&T
2!" "alculation of interest
Te rate of interest on eac Loan for eac Interest *eriod is te
%ercentage rate %er annu0 wic is te aggregate of te a%%(icab(e?
@aA MarginC and
@bA [LI5,R]H[E-RI5,R]!
2!' Payment of interest
Te 5orrower sa(( %ay accrued interest on tat Loan on te (ast day of
eac Interest *eriod !
2!) 4efault interest
@aA If an ,b(igor fai(s to %ay any a0ount %ayab(e by it under a Finance
#ocu0ent on its due dateD interest sa(( accrue on te -n%aid 9u0
fro0 te due date to te date of actua( %ay0ent @bot before and after
Judg0entA at a rate wic isD subJect to %aragra%s @bA and @cA be(owD [
] %er cent! iger tan te rate wic wou(d a8e been %ayab(e if te
-n%aid 9u0 adD during te %eriod of non6%ay0entD constituted a
Loan in te currency of te -n%aid 9u0 for successi8e Interest *eriodsD
eac of a duration se(ected by te Agent @acting reasonab(yA! Any
interest accruing under tis C(ause 2!) sa(( be i00ediate(y %ayab(e
by te ,b(igor on de0and by te Agent!
@bA If any -n%aid 9u0 consists of a(( or %art of a Loan wic beca0e due
on a day wic was not te (ast day of an Interest *eriod re(ating to
tat Loan?
@iA te $rst Interest *eriod for tat -n%aid 9u0 sa(( a8e a
duration eFua( to te une4%ired %ortion of te current Interest
*eriod re(ating to tat LoanC and
@iiA te rate of interest a%%(ying to te -n%aid 9u0 during tat $rst
Interest *eriod sa(( be [ ] %er cent! iger tan te rate wic
wou(d a8e a%%(ied if te -n%aid 9u0 ad not beco0e due!
@cA [9ubJect to %aragra% @bA abo8eD te rate of interest a%%(icab(e to eac
LenderEs %artici%ation in an -n%aid 9u0 for te $rst Interest *eriod
a%%(icab(e to suc -n%aid 9u0 sa(( be te rate %er annu0 wic is
te su0 of?
@iA te MarginC
@iiA [ ] %er cent!C and
" 6 1& 6
@iiiA te rate noti$ed to te Agent by tat Lender as soon as
%racticab(e to be tat wic e4%resses as a %ercentage rate %er
annu0 te cost to tat Lender of funding its %artici%ation of
suc -n%aid 9u0 during suc Interest *eriod fro0 wate8er
sources it 0ay reasonab(y se(ect!]
@dA #efau(t interest @if un%aidA arising on an -n%aid 9u0 wi(( be
co0%ounded wit te -n%aid 9u0 at te end of eac Interest *eriod
a%%(icab(e to tat -n%aid 9u0 but wi(( re0ain i00ediate(y due and
%ayab(e!
2!+ $otifcation of rates of interest
Te Agent sa(( %ro0%t(y notify te Lenders and te 5orrower of te
deter0ination of a rate of interest under tis Agree0ent!
5. *$T%/%&T P%/*#4&
3!" &election of *nterest Periods
@aA Te 5orrower 0ay se(ect an Interest *eriod for a Loan in te -ti(isation
ReFuest for tat Loan or @if te Loan as a(ready been borrowedA in a
9e(ection Notice!
@bA Eac 9e(ection Notice for a Loan is irre8ocab(e and 0ust be de(i8ered
to te Agent by te 5orrower not (ater tan te 9%eci$ed Ti0e!
@cA If te 5orrower fai(s to de(i8er a 9e(ection Notice to te Agent in
accordance wit %aragra% @bA abo8eD te re(e8ant Interest *eriod wi((D
subJect to C(ause 3!' @"hanes to Interest (eriodsAD be [one] Mont!
@dA 9ubJect to tis C(ause 3D te 5orrower 0ay se(ect an Interest *eriod of
[ or ] Monts or any oter %eriod agreed between te 5orrower and
te Agent @acting on te instructions of a(( te LendersA! [In addition
te 5orrower 0ay se(ect an Interest *eriod of a %eriod of (ess tan
[one] MontD if necessary to ensure tat tere are suIcient Loans
@wit an aggregate a0ount eFua( to or greater tan te Re%ay0ent
Insta(0entA wic a8e an Interest *eriod ending on a Re%ay0ent
#ate for te 5orrower to 0a7e te Re%ay0ent Insta(0ent due on tat
date]!
@eA An Interest *eriod for a Loan sa(( not e4tend beyond te Fina(
Re%ay0ent #ate!
@fA Eac Interest *eriod for a Loan sa(( start on te -ti(isation #ate or @if
a Loan as a(ready been 0adeA on te (ast day of te %receding
Interest *eriod of suc Loan!
3!' "hanges to *nterest Periods
@aA [*rior to deter0ining te interest rate for a LoanD te Agent 0ay
sorten an Interest *eriod for any Loan to ensure tere are suIcient
Loans @wit an aggregate a0ount eFua( to or greater tan te
" 6 1& 6
Re%ay0ent Insta(0entA wic a8e an Interest *eriod ending on a
Re%ay0ent #ate for te 5orrower to 0a7e te Re%ay0ent Insta(0ent
due on tat date!]
@bA If te Agent 0a7es any cange to an Interest *eriod referred to in tis
C(ause 3!'D it sa(( %ro0%t(y notify te 5orrower and te Lenders!
3!) $on-8usiness 4ays
If an Interest *eriod wou(d oterwise end on a day wic is not a
5usiness #ayD tat Interest *eriod wi(( instead end on te ne4t
5usiness #ay in tat ca(endar 0ont @if tere is oneA or te %receding
5usiness #ay @if tere is notA!
3!+ "onsolidation and diision of Loans
@aA 9ubJect to %aragra% @bA be(owD if two or 0ore Interest *eriods end on
te sa0e dateD tose Loans wi((D un(ess te 5orrower s%eci$es to te
contrary in te 9e(ection Notice for te ne4t Interest *eriodD be
conso(idated intoD and treated asD a sing(e Loan on te (ast day of te
Interest *eriod!
@bA 9ubJect to C(ause +!) @Ma/imum number o% LoansA and C(ause .!)
@"urrency and amountAD if te 5orrower reFuests in a 9e(ection Notice
tat a Loan be di8ided into two or 0ore LoansD tat Loan wi((D on te
(ast day of its Interest *eriodD be so di8ided into te a0ounts s%eci$ed
in tat 9e(ection NoticeD being an aggregate a0ount eFua( to te
a0ount of te Loan i00ediate(y before its di8ision!
)6. "7A$(%& T# T7% "AL"'LAT*#$ #, *$T%/%&T
"&!" Absence of =uotations
9ubJect to C(ause "&!' @Mar,et disru#tionAD if [LI5,R]H[E-RI5,R] is to
be deter0ined by reference to te Reference 5an7s but a Reference
5an7 does not su%%(y a Fuotation by noon on te =uotation #ayD te
a%%(icab(e [LI5,R]H[E-RI5,R] sa(( be deter0ined on te basis of te
Fuotations of te re0aining Reference 5an7s!
"&!' Market disruption
@aA If a Mar7et #isru%tion E8ent occurs in re(ation to a Loan for any
Interest *eriodD ten te rate of interest on eac LenderEs sare of tat
Loan for te Interest *eriod sa(( be te rate %er annu0 wic is te
su0 of?
@iA te MarginC and
@iiA te iger of @4A te rate noti$ed to te Agent by tat Lender
as soon as %racticab(e and in any e8ent before interest is due
to be %aid in res%ect of tat Interest *eriod to be tat wic
e4%resses as a %ercentage rate %er annu0 te cost to tat
Lender of funding its %artici%ation in tat Loan fro0 wate8er
" 6 1& 6
source it 0ay reasonab(y se(ect and @yA in re(ation to a Mar7et
#isru%tion E8ent under %aragra% @bA@iiA be(owD [LI5,R]H
[E-RI5,R]!
@bA In tis Agree0ent BMarket 4isruption %entB 0eans?
@iA at or about noon on te =uotation #ay for te re(e8ant Interest
*eriod te 9creen Rate is not a8ai(ab(e or te 9creen Rate is
Mero or negati8e and none or on(y one of te Reference 5an7s
su%%(ies a rate to te Agent to deter0ine [LI5,R]H[E-RI5,R] for
[do((ars]H[euros]H[oter] for te re(e8ant Interest *eriodC or
@iiA before noon @<ong Gong ti0eA on te business day i00ediate(y
fo((owing te =uotation #ay for te re(e8ant Interest *eriodD te
Agent recei8es noti$cations fro0 a Lender or Lenders @wose
%artici%ations in a Loan e4ceed [ ] %er cent! of tat LoanA
tat te cost to it or te0 of obtaining 0atcing de%osits in te
Re(e8ant Interban7 Mar7et wou(d be in e4cess of [LI5,R]H
[ E-RI5,R]!
"&!) Alternatie basis of interest or funding
@aA If a Mar7et #isru%tion E8ent occurs and te Agent or te 5orrower so
reFuiresD te Agent and te 5orrower sa(( enter into negotiations @for
a %eriod of not 0ore tan tirty daysA wit a 8iew to agreeing a
substitute basis for deter0ining te rate of interest!
@bA Any a(ternati8e basis agreed %ursuant to %aragra% @aA abo8e sa((D
wit te %rior consent of a(( te Lenders and te 5orrowerD be binding
on a(( *arties!
@cA For te a8oidance of doubtD in te e8ent tat no substitute basis is
agreed at te end of te tirty day %eriodD te rate of interest sa((
continue to be deter0ined in accordance wit te ter0s of tis
Agree0ent!
"&!+ 8reak "osts
@aA Te 5orrower sa((D witin tree 5usiness #ays of de0and by a
Finance *artyD %ay to tat Finance *arty its 5rea7 Costs attributab(e to
a(( or any %art of a Loan or -n%aid 9u0 being %aid by te 5orrower on
a day oter tan te (ast day of an Interest *eriod for tat Loan or
-n%aid 9u0!
@bA Eac Lender sa((D as soon as reasonab(y %racticab(e after a de0and
by te AgentD %ro8ide a certi$cate con$r0ing te a0ount of its 5rea7
Costs for any Interest *eriod in wic tey accrue!
" 6 1& 6
)). ,%%&
""!" "ommitment fee
@aA Te 5orrower sa(( %ay to te Agent @for te account of eac LenderA a
fee co0%uted at te rate of [ ] %er cent! %er annu0 on tat
LenderEs A8ai(ab(e Co00it0ent for te A8ai(abi(ity *eriod!
@bA Te accrued co00it0ent fee is %ayab(e on te (ast day of eac
successi8e %eriod of tree Monts wic ends during te A8ai(abi(ity
*eriodD on te (ast day of te A8ai(abi(ity *eriod andD if cance((ed in fu((D
on te cance((ed a0ount of te re(e8ant LenderEs Co00it0ent at te
ti0e te cance((ation is e:ecti8e!
""!' Arrangement fee
Te 5orrower sa(( %ay to te Arranger an arrange0ent fee in te
a0ount and at te ti0es agreed in a Fee Letter!
""!) Agency fee
Te 5orrower sa(( %ay to te Agent @for its own accountA an agency
fee in te a0ount and at te ti0es agreed in a Fee Letter!
" 6 1& 6
&%"T*#$ 1
A44*T*#$AL PA>M%$T #8L*(AT*#$&
)+. TAC (/#&& 'P A$4 *$4%M$*T*%&
"'!" 4efnitions
@aA In tis C(ause "'?
BTax "reditB 0eans a credit againstD re(ief or re0ission forD or
re%ay0ent of any Ta4!
BTax 4eductionB 0eans a deduction or wito(ding for or on account
of Ta4 fro0 a %ay0ent under a Finance #ocu0ent!
BTax PaymentB 0eans an increased %ay0ent 0ade by an ,b(igor to a
Finance *arty under C(ause "'!' @Ta/ ross0u#A or a %ay0ent under
C(ause "'!) @Ta/ indemnityA!
@bA -n(ess a contrary indication a%%earsD in tis C(ause "' a reference to
Bdeter0inesB or Bdeter0inedB 0eans a deter0ination 0ade in te
abso(ute discretion of te %erson 0a7ing te deter0ination!
"'!' Tax gross-up
@aA A(( %ay0ents to be 0ade by an ,b(igor to any Finance *arty under te
Finance #ocu0ents sa(( be 0ade free and c(ear of and witout any
Ta4 #eduction un(ess suc ,b(igor is reFuired to 0a7e a Ta4
#eductionD in wic case te su0 %ayab(e by suc ,b(igor @in res%ect
of wic suc Ta4 #eduction is reFuired to be 0adeA sa(( be increased
to te e4tent necessary to ensure tat suc Finance *arty recei8es a
su0 net of any deduction or wito(ding eFua( to te su0 wic it
wou(d a8e recei8ed ad no suc Ta4 #eduction been 0ade or
reFuired to be 0ade!
@bA Te 5orrower sa(( %ro0%t(y u%on beco0ing aware tat an ,b(igor
0ust 0a7e a Ta4 #eduction @or tat tere is any cange in te rate or
te basis of a Ta4 #eductionA notify te Agent according(y! 9i0i(ar(yD a
Lender sa(( notify te Agent on beco0ing so aware in res%ect of a
%ay0ent %ayab(e to tat Lender! If te Agent recei8es suc
noti$cation fro0 a Lender it sa(( notify te 5orrower and tat ,b(igor!
@cA If an ,b(igor is reFuired to 0a7e a Ta4 #eductionD tat ,b(igor sa((
0a7e tat Ta4 #eduction and any %ay0ent reFuired in connection wit
tat Ta4 #eduction witin te ti0e a((owed and in te 0ini0u0
a0ount reFuired by (aw!
@dA ;itin tirty days of 0a7ing eiter a Ta4 #eduction or any %ay0ent
reFuired in connection wit tat Ta4 #eductionD te ,b(igor 0a7ing
tat Ta4 #eduction sa(( de(i8er to te Agent for te Finance *arty
entit(ed to te %ay0ent e8idence reasonab(y satisfactory to tat
" 6 1& 6
Finance *arty tat te Ta4 #eduction as been 0ade or @as a%%(icab(eA
any a%%ro%riate %ay0ent %aid to te re(e8ant ta4ing autority!
"'!) Tax indemnity
@aA ;itout %reJudice to C(ause "'!' @Ta/ ross0u#AD if any Finance *arty is
reFuired to 0a7e any %ay0ent of or on account of Ta4 on or in re(ation
to any su0 recei8ed or recei8ab(e under te Finance #ocu0ents
@inc(uding any su0 dee0ed for %ur%oses of Ta4 to be recei8ed or
recei8ab(e by suc Finance *arty weter or not actua((y recei8ed or
recei8ab(eA or if any (iabi(ity in res%ect of any suc %ay0ent is
assertedD i0%osedD (e8ied or assessed against any Finance *artyD te
5orrower sa((D witin tree 5usiness #ays of de0and of te AgentD
%ro0%t(y inde0nify te Finance *arty wic su:ers a (oss or (iabi(ity as
a resu(t against suc %ay0ent or (iabi(ityD togeter wit any interestD
%ena(tiesD costs and e4%enses %ayab(e or incurred in connection
terewitD %ro8ided tat tis C(ause "'!) sa(( not a%%(y to?
@iA any Ta4 i0%osed on and ca(cu(ated by reference to te net
inco0e actua((y recei8ed or recei8ab(e by suc Finance *arty
@butD for te a8oidance of doubtD not inc(uding any su0 dee0ed
for %ur%oses of Ta4 to be recei8ed or recei8ab(e by suc Finance
*arty but not actua((y recei8ab(eA by te Jurisdiction in wic
suc Finance *arty is incor%oratedC or
@iiA any Ta4 i0%osed on and ca(cu(ated by reference to te net
inco0e of te Faci(ity ,Ice of suc Finance *arty actua((y
recei8ed or recei8ab(e by suc Finance *arty @butD for te
a8oidance of doubtD not inc(uding any su0 dee0ed for
%ur%oses of Ta4 to be recei8ed or recei8ab(e by suc Finance
*arty but not actua((y recei8ab(eA by te Jurisdiction in wic its
Faci(ity ,Ice is (ocated!
@bA A Finance *arty intending to 0a7e a c(ai0 under %aragra% @aA sa((
notify te Agent of te e8ent gi8ing rise to te c(ai0D wereu%on te
Agent sa(( notify te 5orrower tereof!
@cA A Finance *arty sa((D on recei8ing a %ay0ent fro0 an ,b(igor under
tis C(ause "'!)D notify te Agent!
"'!+ Tax credit
If an ,b(igor 0a7es a Ta4 *ay0ent and te re(e8ant Finance *arty
deter0ines tat?
@aA a Ta4 Credit is attributab(e to tat Ta4 *ay0entC and
@bA tat Finance *arty as obtainedD uti(ised and retained tat Ta4
CreditD
" 6 1& 6
te Finance *arty sa(( %ay an a0ount to te ,b(igor wic tat
Finance *arty deter0ines wi(( (ea8e it @after tat %ay0entA in te sa0e
after6Ta4 %osition as it wou(d a8e been in ad te Ta4 *ay0ent not
been reFuired to be 0ade by te ,b(igor!
"'!. &tamp taxes
Te 5orrower sa(( @aA %ay andD @bA witin tree 5usiness #ays of
de0andD inde0nify eac Finance *arty against any costD (oss or
(iabi(ity tat Finance *arty incurs in re(ation to a(( sta0% dutyD
registration and oter si0i(ar Ta4es %ayab(e in res%ect of any Finance
#ocu0ent!
"'!/ *ndirect tax
@aA A(( consideration e4%ressed to be %ayab(e under a Finance #ocu0ent
by any *arty to a Finance *arty sa(( be dee0ed to be e4c(usi8e of any
Indirect Ta4! If any Indirect Ta4 is cargeab(e on any su%%(y 0ade by
any Finance *arty to any *arty in connection wit a Finance #ocu0entD
tat *arty sa(( %ay to te Finance *arty @in addition to and at te
sa0e ti0e as %aying te considerationA an a0ount eFua( to te
a0ount of te Indirect Ta4!
@bA ;ere a Finance #ocu0ent reFuires any *arty to rei0burse a Finance
*arty for any costs or e4%ensesD tat *arty sa(( a(so at te sa0e ti0e
%ay and inde0nify te Finance *arty against a(( Indirect Ta4 incurred
by tat Finance *arty in res%ect of te costs or e4%enses to te e4tent
te Finance *arty reasonab(y deter0ines tat it is not entit(ed to credit
or re%ay0ent in res%ect of te Indirect Ta4!
)-. *$"/%A&%4 "#&T&
")!" *ncreased costs
@aA 9ubJect to C(ause ")!) @E/ce#tionsA te 5orrower sa((D witin tree
5usiness #ays of a de0and by te AgentD %ay for te account of a
Finance *arty te a0ount of any Increased Costs incurred by tat
Finance *arty or any of its AI(iates as a resu(t of @iA te introduction of
or any cange in @or in te inter%retationD ad0inistration or a%%(ication
ofA any (aw or regu(ation or @iiA co0%(iance wit any (aw or regu(ation
0ade after te date of tis Agree0ent! Te ter0s B(awB and
Bregu(ationB in tis %aragra% @aA sa(( inc(udeD witout (i0itationD any
(aw or regu(ation concerning ca%ita( adeFuacyD %rudentia( (i0itsD
(iFuidityD reser8e assets or Ta4!
@bA In tis Agree0ent B*ncreased "ostsB 0eans?
@iA a reduction in te rate of return fro0 te Faci(ity or on a
Finance *artyEs @or its AI(iateEsA o8era(( ca%ita( @inc(udingD
witout (i0itationD as a resu(t of any reduction in te rate of
return on ca%ita( brougt about by 0ore ca%ita( being reFuired
to be a((ocated by suc Finance *artyAC
" 6 1& 6
@iiA an additiona( or increased costC or
@iiiA a reduction of any a0ount due and %ayab(e under any Finance
#ocu0entD
wic is incurred or su:ered by a Finance *arty or any of its AI(iates
to te e4tent tat it is attributab(e to tat Finance *arty a8ing entered
into its Co00it0ent or funding or %erfor0ing its ob(igations under any
Finance #ocu0ent!
")!' *ncreased cost claims
@aA A Finance *arty intending to 0a7e a c(ai0 %ursuant to C(ause ")!"
@Increased costsA sa(( notify te Agent of te e8ent gi8ing rise to te
c(ai0D fo((owing wic te Agent sa(( %ro0%t(y notify te 5orrower!
@bA Eac Finance *arty sa((D as soon as %racticab(e after a de0and by te
AgentD %ro8ide a certi$cate con$r0ing te a0ount of its Increased
Costs!
")!) %xceptions
@aA C(ause ")!" @Increased costsA does not a%%(y to te e4tent any
Increased Cost is?
@iA attributab(e to a Ta4 #eduction reFuired by (aw to be 0ade by
an ,b(igorC
@iiA co0%ensated for by C(ause "'!) @Ta/ indemnityA @or wou(d
a8e been co0%ensated for under C(ause "'!) @Ta/ indemnityA
but was not so co0%ensated so(e(y because te e4c(usion in
%aragra% @aA of C(ause "'!) @Ta/ indemnityA a%%(iedAC or
@iiiA attributab(e to te wi(fu( breac by te re(e8ant Finance *arty or
its AI(iates of any (aw or regu(ation!
@bA In tis C(ause ")!)D a reference to a BTax 4eductionB as te sa0e
0eaning gi8en to te ter0 in C(ause "'!" @'e$nitionsA!
).. M*T*(AT*#$ 8> T7% L%$4%/&
"+!" Mitigation
@aA Eac Finance *arty sa((D in consu(tation wit te 5orrowerD ta7e a((
reasonab(e ste%s to 0itigate any circu0stances wic arise and wic
wou(d resu(t in any a0ount beco0ing %ayab(e under or %ursuant toD or
cance((ed %ursuant toD any of C(ause 1!" @I!!ea!ityAD C(ause "' @Ta/
ross0u# and indemnitiesA or C(ause ") @Increased costsAD inc(uding
@but not (i0ited toA?
@iA [%ro8iding suc infor0ation as te 5orrower 0ay reasonab(y
reFuest in order to %er0it te 5orrower to deter0ine its
entit(e0ent to c(ai0 any e4e0%tion or oter re(ief @weter
" 6 1& 6
%ursuant to a doub(e ta4ation treaty or oterwiseA fro0 any
ob(igation to 0a7e a Ta4 #eductionC and ]
@iiA in re(ation to any circu0stances wic arise fo((owing te date
of tis Agree0entD transferring its rigts and ob(igations under
te Finance #ocu0ents to anoter AI(iate or Faci(ity ,Ice!
@bA *aragra% @aA abo8e does not in any way (i0it te ob(igations of any
,b(igor under te Finance #ocu0ents!
"+!' Limitation of liability
@aA Te 5orrower sa(( inde0nify eac Finance *arty for a(( costs and
e4%enses reasonab(y incurred by tat Finance *arty as a resu(t of ste%s
ta7en by it under C(ause "+!" @MitiationA!
@bA A Finance *arty is not ob(iged to ta7e any ste%s under C(ause "+!"
@MitiationA ifD in te o%inion of tat Finance *arty @acting reasonab(yAD
to do so 0igt be %reJudicia( to it!
"+!) "onduct of business by the ,inance Parties
No %ro8ision of tis Agree0ent wi((?
@aA interfere wit te rigt of any Finance *arty to arrange its
a:airs @ta4 or oterwiseA in wate8er 0anner it tin7s $tC
@bA ob(ige any Finance *arty to in8estigate or c(ai0 any creditD
re(iefD re0ission or re%ay0ent a8ai(ab(e to it or te e4tentD
order and 0anner of any c(ai0C or
@cA ob(ige any Finance *arty to disc(ose any infor0ation re(ating to
its a:airs @ta4 or oterwiseA or any co0%utations in res%ect of
Ta4!
)0. #T7%/ *$4%M$*T*%&
".!" "urrency indemnity
@aA If any su0 due fro0 an ,b(igor under te Finance #ocu0ents @a
B&umBAD or any orderD Judg0ent or award gi8en or 0ade in re(ation to
a 9u0D as to be con8erted fro0 te currency @te B,irst "urrencyBA
in wic tat 9u0 is %ayab(e into anoter currency @te B&econd
"urrencyBA for te %ur%ose of?
@iA 0a7ing or $(ing a c(ai0 or %roof against tat ,b(igorC or
@iiA obtaining or enforcing an orderD Judg0ent or award in re(ation
to any (itigation or arbitration %roceedingsD
tat ,b(igor sa(( as an inde%endent ob(igationD witin tree 5usiness
#ays of de0andD inde0nify eac Finance *arty to wo0 tat 9u0 is
due against any costD (oss or (iabi(ity arising out of or as a resu(t of te
con8ersion inc(uding any discre%ancy between @AA te rate of
" 6 1& 6
e4cange used to con8ert tat 9u0 fro0 te First Currency into te
9econd Currency and @5A te rate or rates of e4cange a8ai(ab(e to
tat %erson at te ti0e of its recei%t of tat 9u0!
@bA Eac ,b(igor wai8es any rigt it 0ay a8e in any Jurisdiction to %ay
any a0ount under te Finance #ocu0ents in a currency or currency
unit oter tan tat in wic it is e4%ressed to be %ayab(e!
".!' #ther indemnities
Te 5orrower sa((D witin tree 5usiness #ays of de0andD inde0nify
eac Finance *arty against any costD (oss or (iabi(ity incurred by tat
Finance *arty as a resu(t of?
@aA te occurrence of any E8ent of #efau(tC
@bA te [Infor0ation Me0orandu0 or any oter] infor0ation
%roduced or a%%ro8ed by te 5orrower being or being a((eged
to be 0is(eading andHor dece%ti8e in any res%ectC
@cA any enFuiryD in8estigationD sub%oena @or si0i(ar orderA or
(itigation wit res%ect to any ,b(igor or wit res%ect to te
transactions conte0%(ated or $nanced under tis Agree0entC
@dA a fai(ure by an ,b(igor to %ay any a0ount due under a Finance
#ocu0ent on its due date or in te re(e8ant currencyD inc(uding
witout (i0itationD any costD (oss or (iabi(ity arising as a resu(t of
C(ause '/ @Sharin amon the Finance (artiesAC
@eA fundingD or 0a7ing arrange0ents to fundD its %artici%ation in a
Loan reFuested by te 5orrower in a -ti(isation ReFuest but not
0ade by reason of te o%eration of any one or 0ore of te
%ro8isions of tis Agree0ent @oter tan by reason of defau(t or
neg(igence by tat Finance *arty a(oneAC or
@fA a Loan @or %art of a LoanA not being %re%aid in accordance wit
a notice of %re%ay0ent gi8en by te 5orrower!
".!) *ndemnity to the Agent
Te 5orrower sa(( %ro0%t(y inde0nify te Agent against any costD
(oss or (iabi(ity incurred by te Agent @acting reasonab(yA as a resu(t of?
@aA in8estigating any e8ent wic it reasonab(y be(ie8es is a
#efau(tC or
@bA acting or re(ying on any noticeD reFuest or instruction wic it
reasonab(y be(ie8es to be genuineD correct and a%%ro%riate(y
autorised!
" 6 1& 6
)1. "#&T& A$4 %CP%$&%&
"/!" Transaction expenses
Te 5orrower sa((D witin tree 5usiness #ays of de0andD %ay te
Agent and te Arranger te a0ount of a(( costs and e4%enses
@inc(uding (ega( feesA reasonab(y incurred by any of te0 in connection
wit te negotiationD %re%arationD %rintingD e4ecution and syndication
of?
@aA tis Agree0ent and any oter docu0ents referred to in tis
Agree0entC and
@bA any oter Finance #ocu0ents e4ecuted after te date of tis
Agree0ent!
"/!' Amendment costs
If @aA an ,b(igor reFuests an a0end0entD wai8er or consent or @bA an
a0end0ent is reFuired %ursuant to C(ause '1!3 @"hane o% currencyAD
te 5orrower sa((D witin tree 5usiness #ays of de0andD rei0burse
te Agent for te a0ount of a(( costs and e4%enses @inc(uding (ega(
feesA reasonab(y incurred by te Agent in res%onding toD e8a(uatingD
negotiating or co0%(ying wit tat reFuest or reFuire0ent!
"/!) %nforcement costs
Te 5orrower sa((D witin tree 5usiness #ays of de0andD %ay to eac
Finance *arty te a0ount of a(( costs and e4%enses @inc(uding (ega(
feesA incurred by tat Finance *arty in connection wit te
enforce0ent ofD or te %reser8ation of any rigts underD any Finance
#ocu0ent!
" 6 1& 6
&%"T*#$ 2
('A/A$T%%
)2. ('A/A$T%% A$4 *$4%M$*T>
"1!" (uarantee and indemnity
Te Guarantor irre8ocab(y and unconditiona((y?
@aA guarantees to eac Finance *arty %unctua( %erfor0ance by te
5orrower of a(( te 5orrowerEs ob(igations under te Finance
#ocu0entsC
@bA underta7es wit eac Finance *arty tat wene8er te
5orrower does not %ay any a0ount wen due under or in
connection wit any Finance #ocu0entD tat Guarantor sa((
i00ediate(y on de0and %ay tat a0ount as if it was te
%rinci%a( ob(igorC and
@cA inde0ni$es eac Finance *arty i00ediate(y on de0and against
any costD (oss or (iabi(ity su:ered by tat Finance *arty if any
ob(igation guaranteed by it @or anyting wic wou(d a8e been
an ob(igation if not unenforceab(eD in8a(id or i((ega(A is or
beco0es unenforceab(eD in8a(id or i((ega(! Te a0ount of te
costD (oss or (iabi(ity sa(( be eFua( to te a0ount wic tat
Finance *arty wou(d oterwise a8e been entit(ed to reco8er!
"1!' "ontinuing guarantee
Tis guarantee is a continuing guarantee and wi(( e4tend to te
u(ti0ate ba(ance of su0s %ayab(e by te 5orrower under te Finance
#ocu0entsD regard(ess of any inter0ediate %ay0ent or discarge in
wo(e or in %art!
"1!) /einstatement
If any %ay0ent to or any discarge gi8en by a Finance *arty @weter
in res%ect of te ob(igations of any ,b(igor or any security for tose
ob(igations or oterwiseA is a8oided or reduced for any reason
@inc(udingD witout (i0itationD as a resu(t of inso(8encyD breac of
$duciary or statutory duties or any si0i(ar e8entA?
@aA te (iabi(ity of te 5orrower sa(( continue as if te %ay0entD
discargeD a8oidance or reduction ad not occurredC and
@bA eac Finance *arty sa(( be entit(ed to reco8er te 8a(ue or
a0ount of tat security or %ay0ent fro0 te 5orrowerD as if te
%ay0entD discargeD a8oidance or reduction ad not occurred!
"1!+ Daier of defences
Te ob(igations of te Guarantor under tis C(ause "1 wi(( not be
a:ected by an actD o0issionD 0atter or ting wicD but for tis C(ause
"1D wou(d reduceD re(ease or %reJudice any of its ob(igations under tis
" 6 1& 6
C(ause "1 @witout (i0itation and weter or not 7nown to it or any
Finance *artyA inc(uding?
@aA any ti0eD wai8er or consent granted toD or co0%osition witD
any ,b(igor or oter %ersonC
@bA te re(ease of te 5orrower or any oter %erson under te
ter0s of any co0%osition or arrange0ent wit any creditor of
any 0e0ber of te Grou%C
@cA te ta7ingD 8ariationD co0%ro0iseD e4cangeD renewa( or
re(ease ofD or refusa( or neg(ect to %erfectD e4ecuteD ta7e u% or
enforceD any rigts againstD or security o8er assets ofD te
5orrower or oter %erson or any non6%resentation or non6
obser8ance of any for0a(ity or oter reFuire0ent in res%ect of
any instru0ent or any fai(ure to rea(ise te fu(( 8a(ue of any
securityC
@dA any inca%acity or (ac7 of %owerD autority or (ega( %ersona(ity of
or disso(ution or cange in te 0e0bers or status of te
5orrower or any oter %ersonC
@eA any a0end0ent @owe8er funda0enta(A or re%(ace0ent of a
Finance #ocu0ent or any oter docu0ent or securityC
@fA any unenforceabi(ityD i((ega(ity or in8a(idity of any ob(igation of
any %erson under any Finance #ocu0ent or any oter
docu0ent or securityC
@gA any inso(8ency or si0i(ar %roceedingsC or
@A tis Agree0ent or any oter Finance #ocu0ent not being
e4ecuted by or binding u%on any oter %arty!
"1!. *mmediate recourse
Te Guarantor wai8es any rigt it 0ay a8e of $rst reFuiring any
Finance *arty @or any trustee or agent on its bea(fA to %roceed against
or enforce any oter rigts or security or c(ai0 %ay0ent fro0 any
%erson before c(ai0ing fro0 te Guarantor under tis C(ause "1! Tis
wai8er a%%(ies irres%ecti8e of any (aw or any %ro8ision of a Finance
#ocu0ent to te contrary!
"1!/ Appropriations
-nti( a(( a0ounts wic 0ay be or beco0e %ayab(e by te 5orrower
under or in connection wit te Finance #ocu0ents a8e been
irre8ocab(y %aid in fu((D eac Finance *arty @or any trustee or agent on
its bea(fA 0ay?
@aA refrain fro0 a%%(ying or enforcing any oter 0oneysD security
or rigts e(d or recei8ed by tat Finance *arty @or any trustee
" 6 1& 6
or agent on its bea(fA in res%ect of tose a0ountsD or a%%(y
and enforce te sa0e in suc 0anner and order as it sees $t
@weter against tose a0ounts or oterwiseA and te
Guarantor sa(( not be entit(ed to te bene$t of te sa0eC and
@bA o(d in an interest6bearing sus%ense account any 0oneys
recei8ed fro0 te Guarantor or on account of te GuarantorEs
(iabi(ity under tis C(ause "1!
"1!1 4eferral of (uarantor@s rights
-nti( a(( a0ounts wic 0ay be or beco0e %ayab(e by te 5orrower
under or in connection wit te Finance #ocu0ents a8e been
irre8ocab(y %aid in fu(( and un(ess te Agent oterwise directsD te
Guarantor wi(( not e4ercise any rigts wic it 0ay a8e by reason of
%erfor0ance by it of its ob(igations under te Finance #ocu0ents?
@aA to be inde0ni$ed by te 5orrowerC
@bA to c(ai0 any contribution fro0 any oter guarantor of or
%ro8ider of security for te 5orrowerEs ob(igations under te
Finance #ocu0entsC andHor
@cA to ta7e te bene$t @in wo(e or in %art and weter by way of
subrogation or oterwiseA of any rigts of te Finance *arties
under te Finance #ocu0ents or of any oter guarantee or
security ta7en %ursuant toD or in connection witD te Finance
#ocu0ents by any Finance *arty!
"1!2 Additional security
Tis guarantee is in addition to and is not in any way %reJudiced by
any oter guarantee or security now or subseFuent(y e(d by any
Finance *arty!
" 6 1& 6
&%"T*#$ 3
/%P/%&%$TAT*#$&, '$4%/TAE*$(& A$4 %B%$T& #, 4%,A'LT
)3. /%P/%&%$TAT*#$&
Eac ,b(igor 0a7es te re%resentations and warranties set out in tis
C(ause "2 to eac Finance *arty on te date of tis Agree0ent!
"2!" &tatus
@aA It is a cor%orationD du(y incor%orated and 8a(id(y e4isting under te
(aws of its Jurisdiction of incor%oration!
@bA It and eac of its 9ubsidiaries as te %ower to own its assets and
carry on its business as it is being conducted!
"2!' 8inding obligations
Te ob(igations e4%ressed to be assu0ed by it in eac Finance
#ocu0ent areD subJect to any genera( %rinci%(es of (aw (i0iting its
ob(igations wic are s%eci$ca((y referred to in any (ega( o%inion
de(i8ered in accordance wit C(ause + @"onditions o% Uti!isationAD (ega(D
8a(idD binding and enforceab(e ob(igations!
"2!) $on-conFict !ith other obligations
Te entry into and %erfor0ance by it ofD and te transactions
conte0%(ated byD te Finance #ocu0ents do not and wi(( not conKict
wit?
@aA any (aw or regu(ation a%%(icab(e to itC
@bA its [and eac of its 9ubsidiariesN] constitutiona( docu0entsC or
@cA any agree0ent or instru0ent binding u%on it [or any of its
9ubsidiaries] or any of its [or any of its 9ubsidiariesN] assets!
"2!+ Po!er and authority
It as te %ower to enter intoD %erfor0 and de(i8erD and as ta7en a((
necessary action to autorise its entry intoD %erfor0ance and de(i8ery
ofD te Finance #ocu0ents to wic it is a %arty and te transactions
conte0%(ated by tose Finance #ocu0ents!
"2!. Balidity and admissibility in eidence
A(( Autorisations reFuired or desirab(e?
@aA to enab(e it (awfu((y to enter intoD e4ercise its rigts and co0%(y
wit its ob(igations in te Finance #ocu0ents to wic it is a
%artyC
@bA to 0a7e te Finance #ocu0ents to wic it is a %arty
ad0issib(e in e8idence in its Jurisdiction of incor%orationC and
" 6 1& 6
@cA for it [and its 9ubsidiaries] to carry on [teir]H[its] businessD and
wic are 0ateria(D
a8e been obtained or e:ected and are in fu(( force and e:ect!
"2!/ (oerning la! and enforcement
@aA Te coice of Eng(is (aw as te go8erning (aw of te Finance
#ocu0ents wi(( be recognised and enforced in its Jurisdiction of
incor%oration!
@bA Any Judg0ent obtained in Eng(and in re(ation to a Finance #ocu0ent
wi(( be recognised and enforced in its Jurisdiction of incor%oration!
"2!1 4eduction of Tax
It is not reFuired under te (aw a%%(icab(e were it is incor%orated or
resident or at te address s%eci$ed in tis Agree0ent to 0a7e any
deduction for or on account of Ta4 fro0 any %ay0ent it 0ay 0a7e
under any Finance #ocu0ent!
"2!2 $o fling or stamp taxes
-nder te (aw of its Jurisdiction of incor%oration it is not necessary tat
te Finance #ocu0ents be $(edD recorded or enro((ed wit any court or
oter autority in tat Jurisdiction or tat any sta0%D registration or
si0i(ar ta4 be %aid on or in re(ation to te Finance #ocu0ents or te
transactions conte0%(ated by te Finance #ocu0ents!
"2!3 $o default
@aA No E8ent of #efau(t is continuing or 0igt reasonab(y be e4%ected to
resu(t fro0 te 0a7ing of any -ti(isation!
@bA No oter e8ent or circu0stance is outstanding wic constitutes a
defau(t under any oter agree0ent or instru0ent wic is binding on it
[or any of its 9ubsidiaries] or to wic its [@or any of its 9ubsidiariesEA]
assets are subJect wic 0igt a8e a Materia( Ad8erse E:ect!
"2!"& $o misleading information
@aA [Any factua( infor0ation contained in or %ro8ided by any 0e0ber of
te Grou% for te %ur%oses of te Infor0ation Me0orandu0 was true
and accurate in a(( 0ateria( res%ects as at te date it was %ro8ided or
as at te date @if anyA at wic it is stated!
@bA Any $nancia( %roJections contained in te Infor0ation Me0orandu0
a8e been %re%ared on te basis of recent istorica( infor0ation and
on te basis of reasonab(e assu0%tions!
@cA Noting as occurred or been o0itted fro0 te Infor0ation
Me0orandu0 and no infor0ation as been gi8en or wite(d tat
" 6 1& 6
resu(ts in te infor0ation contained in te Infor0ation Me0orandu0
being untrue or 0is(eading in any 0ateria( res%ect!]
.
@dA A(( infor0ation [@oter tan te Infor0ation Me0orandu0A]
/
su%%(ied
by any 0e0ber of te Grou% is trueD co0%(ete and accurate in a((
0ateria( res%ects as at te date it was gi8en and is not 0is(eading in
any res%ect!
"2!"" ,inancial statements
@aA Its ,rigina( Financia( 9tate0ents were %re%ared in accordance wit
GAA* consistent(y a%%(ied sa8e to te e4tent e4%ress(y disc(osed in
suc ,rigina( Financia( 9tate0ents!
@bA Its ,rigina( Financia( 9tate0ents gi8e a true and fair 8iew and
re%resent its $nancia( condition and o%erations @conso(idated in te
case of te [5orrowerHGuarantor]A during te re(e8ant $nancia( year
sa8e to te e4tent e4%ress(y disc(osed in suc ,rigina( Financia(
9tate0ents!
@cA Tere as been no 0ateria( ad8erse cange in its business or $nancia(
condition @or te business or conso(idated $nancia( condition of te
Grou%D in te case of te [5orrowerHGuarantor]A since
[ ]!
"2!"' Pari passu ranking
Its %ay0ent ob(igations under te Finance #ocu0ents ran7 at (east
%ari %assu wit te c(ai0s of a(( of its oter unsecured and
unsubordinated creditorsD e4ce%t for ob(igations 0andatori(y %referred
by (aw a%%(ying to co0%anies genera((y!
"2!") $o proceedings pending or threatened
No (itigationD arbitration or ad0inistrati8e %roceedings of or before any
courtD arbitra( body or agency wicD if ad8erse(y deter0inedD 0igt
reasonab(y be e4%ected to a8e a Materia( Ad8erse E:ect a8e @to te
best of its 7now(edge and be(iefA been started or treatened against it
[or any of its 9ubsidiaries]!
"2!"+ Authorised &ignatures
Any %erson s%eci$ed as its autorised signatory under 9cedu(e '
@"onditions #recedentA or C(ause "3!+@dA @In%ormation1 misce!!aneousA
is autorised to sign -ti(isation ReFuests @in te case of te 5orrower
on(yA and oter notices on its bea(f!
"2!". /epetition
Te Re%eating Re%resentations are dee0ed to be 0ade by eac
,b(igor by reference to te facts and circu0stances ten e4isting on
.
#e(ete if tere is no Infor0ation Me0orandu0!
/
#e(ete if tere is no Infor0ation Me0orandu0!
" 6 1& 6
te date of eac -ti(isation ReFuest and te $rst day of eac Interest
*eriod!
)5. *$,#/MAT*#$ '$4%/TAE*$(&
Te underta7ings in tis C(ause "3 re0ain in force fro0 te date of
tis Agree0ent for so (ong as any a0ount is outstanding under te
Finance #ocu0ents or any Co00it0ent is in force!
"3!" ,inancial statements
Te 5orrower sa(( su%%(y to te Agent in suIcient co%ies for a(( te
Lenders?
@aA as soon as te sa0e beco0e a8ai(ab(eD but in any e8ent witin
[ ] days after te end of eac of its $nancia( years?
@iA its audited [conso(idated] $nancia( state0ents for tat
$nancia( yearC and
@iiA te audited [conso(idated] $nancia( state0ents of te
Guarantor for tat $nancia( yearC and
@bA as soon as te sa0e beco0e a8ai(ab(eD but in any e8ent witin
[ ] days after te end of te $rst a(f of eac of its
$nancia( years?
@iA its [conso(idated] $nancia( state0ents for tat $nancia(
a(f year[C and
@iiA te [conso(idated] $nancia( state0ents of te Guarantor
for tat $nancia( a(f year]!
"3!' "ompliance "ertifcate
@aA Te 5orrower sa(( su%%(y to te AgentD wit eac set of $nancia(
state0ents de(i8ered %ursuant to %aragra% @aA@iA or @bA[@iA] of C(ause
"3!" @Financia! statementsAD a Co0%(iance Certi$cate setting out @in
reasonab(e detai(A co0%utations as to co0%(iance wit C(ause '&
@Financia! co&enantsA as at te date as at wic tose $nancia(
state0ents were drawn u%!
@bA [Eac Co0%(iance Certi$cate de(i8ered %ursuant to %aragra% @aA@iA of
C(ause "3!" @Financia! statementsA sa(( be [signed by te 5orrowerEs
auditors]H[re%orted on by te 5orrowerNs auditors in te for0 agreed
by te 5orrower and a(( te Lenders before te date of tis
Agree0ent]!]
"3!) /e=uirements as to fnancial statements
@aA Eac set of $nancia( state0ents de(i8ered by te 5orrower %ursuant to
C(ause "3!" @Financia! statementsA sa(( be certi$ed by a director of
" 6 1& 6
te re(e8ant 5orrower as fair(y re%resenting its $nancia( condition as at
te date as at wic tose $nancia( state0ents were drawn u%!
@bA [Te 5orrower sa(( %rocure tat eac set of $nancia( state0ents
de(i8ered %ursuant to C(ause "3!" @ Financia! statements A is %re%ared
using GAA*!]
@cA [Te 5orrower sa(( %rocure tat eac set of $nancia( state0ents of an
,b(igor de(i8ered %ursuant to C(ause "3!" @ Financia! statements A is
%re%ared using GAA*D accounting %ractices and $nancia( reference
%eriods consistent wit tose a%%(ied in te %re%aration of te ,rigina(
Financia( 9tate0ents for tat ,b(igor un(essD in re(ation to any set of
$nancia( state0entsD it noti$es te Agent tat tere as been a
cange in GAA*D te accounting %ractices or reference %eriods and its
auditors @orD if a%%ro%riateD te auditors of te ,b(igorA de(i8er to te
Agent?
@iA a descri%tion of any cange necessary for tose $nancia(
state0ents to reKect te GAA*D accounting %ractices and
reference %eriods u%on wic tat ,b(igorEs ,rigina( Financia(
9tate0ents were %re%aredC and
@iiA suIcient infor0ationD in for0 and substance as 0ay be
reasonab(y reFuired by te AgentD to enab(e te Lenders to
deter0ine weter C(ause '& @ Financia! co&enants A as been
co0%(ied wit and 0a7e an accurate co0%arison between te
$nancia( %osition indicated in tose $nancia( state0ents and
tat ,b(igorEs ,rigina( Financia( 9tate0ents!
Any reference in tis Agree0ent to tose $nancia( state0ents sa(( be
construed as a reference to tose $nancia( state0ents as adJusted to
reKect te basis u%on wic te ,rigina( Financia( 9tate0ents were
%re%ared!]
"3!+ *nformationG miscellaneous
Te 5orrower sa(( su%%(y to te Agent @in suIcient co%ies for a(( te
Finance *artiesD if te Agent so reFuestsA?
@aA a(( docu0ents dis%atced by te 5orrower to its sareo(ders
@or any c(ass of te0A or its creditors genera((y at te sa0e
ti0e as tey are des%atcedC
@bA %ro0%t(y u%on beco0ing aware of te0D te detai(s of any
(itigationD arbitration or ad0inistrati8e %roceedings wic are
currentD treatened or %ending against any 0e0ber of te
Grou%D and wic 0igtD if ad8erse(y deter0inedD a8e a
Materia( Ad8erse E:ectC
" 6 1& 6
@cA %ro0%t(yD suc furter infor0ation regarding te $nancia(
conditionD business and o%erations of any 0e0ber of te Grou%
as any Finance *arty @troug te AgentA 0ay reasonab(y
reFuestC and
@dA %ro0%t(yD notice of any cange in autorised signatories of any
,b(igor signed by a director or co0%any secretary of suc
,b(igor acco0%anied by s%eci0en signatures of any new
autorised signatories!
"3!. $otifcation of default
@aA Eac ,b(igor sa(( notify te Agent of any #efau(t @and te ste%sD if
anyD being ta7en to re0edy itA %ro0%t(y u%on beco0ing aware of its
occurrence @un(ess tat ,b(igor is aware tat a noti$cation as a(ready
been %ro8ided by anoter ,b(igorA!
@bA *ro0%t(y u%on a reFuest by te AgentD te 5orrower sa(( su%%(y to te
Agent a certi$cate signed by two of its directors or senior oIcers on
its bea(f certifying tat no #efau(t is continuing @or if a #efau(t is
continuingD s%ecifying te #efau(t and te ste%sD if anyD being ta7en to
re0edy itA!
"3!/ 'se of !ebsites
@aA Te 5orrower 0ay satisfy its ob(igation under tis Agree0ent to
de(i8er any infor0ation in re(ation to tose Lenders @te BDebsite
LendersBA wo acce%t tis 0etod of co00unication by %osting te
infor0ation onto an e(ectronic website designated by te 5orrower and
te Agent @te B4esignated DebsiteBA if?
@iA te Agent e4%ress(y agrees @after consu(tation wit eac of te
LendersA tat it wi(( acce%t co00unication of te infor0ation
by tis 0etodC
@iiA bot te 5orrower and te Agent are aware of te address of
and any re(e8ant %assword s%eci$cations for te #esignated
;ebsiteC and
@iiiA te infor0ation is in a for0at %re8ious(y agreed between te
5orrower and te Agent!
If any Lender @a BPaper ,orm LenderBA does not agree to te de(i8ery
of infor0ation e(ectronica((y ten te Agent sa(( notify te 5orrower
according(y and te 5orrower sa(( su%%(y te infor0ation to te Agent
@in suIcient co%ies for eac *a%er For0 LenderA in %a%er for0! In any
e8ent te 5orrower sa(( su%%(y te Agent wit at (east one co%y in
%a%er for0 of any infor0ation reFuired to be %ro8ided by it!
" 6 1& 6
@bA Te Agent sa(( su%%(y eac ;ebsite Lender wit te address of and
any re(e8ant %assword s%eci$cations for te #esignated ;ebsite
fo((owing designation of tat website by te 5orrower and te Agent!
@cA Te 5orrower sa(( %ro0%t(y u%on beco0ing aware of its occurrence
notify te Agent if?
@iA te #esignated ;ebsite cannot be accessed due to tecnica(
fai(ureC
@iiA te %assword s%eci$cations for te #esignated ;ebsite cangeC
@iiiA any new infor0ation wic is reFuired to be %ro8ided under tis
Agree0ent is %osted onto te #esignated ;ebsiteC
@i8A any e4isting infor0ation wic as been %ro8ided under tis
Agree0ent and %osted onto te #esignated ;ebsite is
a0endedC or
@8A te 5orrower beco0es aware tat te #esignated ;ebsite or
any infor0ation %osted onto te #esignated ;ebsite is or as
been infected by any e(ectronic 8irus or si0i(ar software!
If te 5orrower noti$es te Agent under %aragra% @cA@iA or %aragra%
@cA@8A abo8eD a(( infor0ation to be %ro8ided by te 5orrower under tis
Agree0ent after te date of tat notice sa(( be su%%(ied in %a%er for0
[un(ess and unti( te Agent and eac ;ebsite Lender is satis$ed tat
te circu0stances gi8ing rise to te noti$cation are no (onger
continuing]!
@dA Any ;ebsite Lender 0ay reFuestD troug te AgentD one %a%er co%y
of any infor0ation reFuired to be %ro8ided under tis Agree0ent
wic is %osted onto te #esignated ;ebsite! Te 5orrower sa((
co0%(y wit any suc reFuest witin ten 5usiness #ays!
"3!1 HEno! your customerH checks
@aA Eac ,b(igor sa(( %ro0%t(y u%on te reFuest of te Agent su%%(yD or
%rocure te su%%(y ofD suc docu0entation and oter e8idence as is
reasonab(y reFuested by te Agent @for itse(f or on bea(f of any
Lender @inc(uding for any Lender on bea(f of any %ros%ecti8e new
LenderAA in order for te AgentD suc Lender or any %ros%ecti8e new
Lender to conduct any B7now your custo0erB or oter si0i(ar
%rocedures under a%%(icab(e (aws and regu(ations!
@bA Eac Lender sa(( %ro0%t(y u%on te reFuest of te Agent su%%(yD or
%rocure te su%%(y ofD suc docu0entation and oter e8idence as is
reasonab(y reFuested by te Agent @for itse(fA in order for te Agent to
conduct any B7now your custo0erB or oter si0i(ar %rocedures under
a%%(icab(e (aws and regu(ations!
" 6 1& 6
+6. ,*$A$"*AL "#B%$A$T&
[ ]
1
+). (%$%/AL '$4%/TAE*$(&
Te underta7ings in tis C(ause '" re0ain in force fro0 te date of
tis Agree0ent for so (ong as any a0ount is outstanding under te
Finance #ocu0ents or any Co00it0ent is in force!
'"!" Authorisations
Eac ,b(igor sa(( %ro0%t(y?
@aA obtainD co0%(y wit and do a(( tat is necessary to 0aintain in
fu(( force and e:ectC and
@bA su%%(y certi$ed co%ies to te Agent ofD
any Autorisation reFuired to enab(e it to %erfor0 its ob(igations under
te Finance #ocu0ents and to ensure te (ega(ityD 8a(idityD
enforceabi(ity or ad0issibi(ity in e8idence in its Jurisdiction of
incor%oration of any Finance #ocu0ent!
'"!' "ompliance !ith la!s
Eac ,b(igor sa(( co0%(y in a(( res%ects wit a(( (aws to wic it 0ay
be subJectD if fai(ure so to co0%(y wou(d 0ateria((y i0%air its abi(ity to
%erfor0 its ob(igations under te Finance #ocu0ents!
'"!) Pari passu ranking
Eac ,b(igor sa(( ensure tat its %ay0ent ob(igations under te
Finance #ocu0ents ran7 and continue to ran7 at (east %ari %assu wit
te c(ai0s of a(( of its oter unsecured and unsubordinated creditorsD
e4ce%t for ob(igations 0andatori(y %referred by (aw a%%(ying to
co0%anies genera((y!
'"!+ $egatie pledge
@aA No ,b(igor sa(( @and te [GuarantorH5orrower] sa(( ensure tat no
oter 0e0ber of te Grou% wi((A create or %er0it to subsist any
9ecurity o8er any of its assets!
@bA No ,b(igor sa(( @and te [GuarantorH5orrower] sa(( ensure tat no
oter 0e0ber of te Grou% wi((A?
@iA se((D transfer or oterwise dis%ose of any of its assets on ter0s
wereby tey are or 0ay be (eased to or re6acFuired by an
,b(igor [or any oter 0e0ber of te Grou%]C
@iiA se((D transfer or oterwise dis%ose of any of its recei8ab(es on
recourse ter0sC
1
For sa0%(e $nancia( co8enantsD see A*LMA $nancia( co8enants %ub(ised se%arate(y!
" 6 1& 6
@iiiA enter into or %er0it to subsist any tit(e retention arrange0entC
@i8A enter into or %er0it to subsist any arrange0ent under wic
0oney or te bene$t of a ban7 or oter account 0ay be
a%%(iedD set6o: or 0ade subJect to a co0bination of accountsC
or
@8A enter into or %er0it to subsist any oter %referentia(
arrange0ent a8ing a si0i(ar e:ectD
in circu0stances were te arrange0ent or transaction is entered into
%ri0ari(y as a 0etod of raising Financia( Indebtedness or of $nancing
te acFuisition of an asset!
@cA *aragra%s @aA and @bA abo8e do not a%%(y to?
@iA any 9ecurity (isted in [9cedu(e 2 @E/istin SecurityA] e4ce%t to
te e4tent te %rinci%a( a0ount secured by tat 9ecurity
e4ceeds te a0ount stated in tat 9cedu(eC
@iiA any netting or set6o: arrange0ent entered into by any 0e0ber
of te Grou% in te ordinary course of its ban7ing arrange0ents
for te %ur%ose of netting debit and credit ba(ancesC
@iiiA any (ien arising by o%eration of (aw and in te ordinary course
of trading proided that te debt wic is secured tereby is
%aid wen due or contested in good fait by a%%ro%riate
%roceedings and %ro%er(y %ro8isionedC
@i8A any 9ecurity o8er or a:ecting any asset acFuired by a 0e0ber
of te Grou% after te date of tis Agree0ent if?
@"A te 9ecurity was not created in conte0%(ation of te
acFuisition of tat asset by a 0e0ber of te Grou%C
@'A te %rinci%a( a0ount secured as not been increased in
conte0%(ation ofD or since te acFuisition of tat asset by a
0e0ber of te Grou%C and
@)A te 9ecurity is re0o8ed or discarged witin [ ] 0onts
of te date of acFuisition of suc assetC
@8A any 9ecurity o8er or a:ecting any asset of any %erson wic
beco0es a 0e0ber of te Grou% after te date of tis
Agree0entD were te 9ecurity is created %rior to te date on
wic tat %erson beco0es a 0e0ber of te Grou%D if?
@"A te 9ecurity was not created in conte0%(ation of te
acFuisition of tat %ersonC
" 6 1& 6
@'A te %rinci%a( a0ount secured as not increased in
conte0%(ation of or since te acFuisition of tat %ersonC
and
@)A te 9ecurity is re0o8ed or discarged witin [ ]
0onts of tat %erson beco0ing a 0e0ber of te Grou%C
@8iA any 9ecurity created %ursuant to any Finance #ocu0entC
@8iiA [ ]C or
@8iiiA any 9ecurity securing indebtedness te %rinci%a( a0ount of
wic @wen aggregated wit te %rinci%a( a0ount of any oter
indebtedness wic as te bene$t of 9ecurity gi8en by any
0e0ber of te Grou% oter tan any %er0itted under
%aragra%s @iA to @8iiA abo8eA does not e4ceed [ ] @or
its eFui8a(ent in anoter currency or currenciesA!
'"!. 4isposals
@aA No ,b(igor sa(( [@and te [GuarantorH5orrower] sa(( ensure tat no
oter 0e0ber of te Grou% wi((A]D enter into a sing(e transaction or a
series of transactions @weter re(ated or notA and weter 8o(untary
or in8o(untary to se((D (easeD transfer or oterwise dis%ose of any asset!
@bA *aragra% @aA abo8e does not a%%(y to any sa(eD (easeD transfer or
oter dis%osa(?
@iA 0ade in te ordinary course of trading of te dis%osing entityC
@iiA of assets in e4cange for oter assets co0%arab(e or su%erior
as to ty%eD 8a(ue and Fua(ity and for a si0i(ar %ur%oseC
@iiiA [ ]C or
@i8A were te iger of te 0ar7et 8a(ue or consideration
recei8ab(e @wen aggregated wit te iger of te 0ar7et
8a(ue or consideration recei8ab(e for any oter sa(eD (easeD
transfer or oter dis%osa( by 0e0bers of te Grou%D oter tan
any %er0itted under %aragra%s @iA to [@iiiA] abo8eA does not
e4ceed [ ] @or its eFui8a(ent in anoter currency or
currenciesA in any $nancia( year!
'"!/ Merger
No ,b(igor sa(( @and te [GuarantorH5orrower] sa(( ensure tat no
oter 0e0ber of te Grou% wi((A enter into any a0a(ga0ationD
de0ergerD 0erger or cor%orate reconstruction!
" 6 1& 6
'"!1 "hange of business
Te [GuarantorH5orrower] sa(( %rocure tat no substantia( cange is
0ade to te genera( nature of te business of te ,b(igors or te
Grou% fro0 tat carried on at te date of tis Agree0ent!
'"!2 [%nironmental "ompliance
Eac ,b(igor sa(( @and te [5orrowerHGuarantor] sa(( ensure tat
eac 0e0ber of te Grou% wi((A co0%(y in a(( 0ateria( res%ects wit a((
En8iron0enta( LawD obtain and 0aintain any En8iron0enta( *er0its
and ta7e a(( reasonab(e ste%s in antici%ation of 7nown or e4%ected
future canges to or ob(igations under En8iron0enta( Law or any
En8iron0enta( *er0its!
'"!3 %nironmental "laims
Eac ,b(igor sa(( infor0 te Agent in writing as soon as reasonab(y
%racticab(e u%on beco0ing aware of?
@aA any En8iron0enta( C(ai0 wic as been co00enced or @to
te best of suc ,b(igorEs 7now(edge and be(iefA is treatened
against any 0e0ber of te Grou%D or
@bA any facts or circu0stances wic wi(( or 0igt reasonab(y be
e4%ected to resu(t in any En8iron0enta( C(ai0 being
co00enced or treatened against any 0e0ber of te Grou%D
in eac case were suc En8iron0ent C(ai0 0igt reasonab(y be
e4%ectedD if deter0ined against tat 0e0ber of te Grou%D to a8e a
Materia( Ad8erse E:ect!]
'"!"& [Ac=uisitions
@aA No ,b(igor sa(( [@and te [GuarantorH5orrower] sa(( ensure tat no
oter 0e0ber of te Grou% wi((A] acFuire any co0%anyD businessD
assets or underta7ing or 0a7e any in8est0ent!
@bA [*aragra% @aA abo8e does not a%%(y to an acFuisition or in8est0ent?
@iA wic is in res%ect of assets or businesses in te sa0e nature
and of te sa0e sco%e as te [GuarantorH5orrowerHGrou%]Es
business as conducted on te date of tis Agree0entC and
@iiA te 8a(ue of wic acFuisition or in8est0ent @wen aggregated
wit te 8a(ue of a(( oter acFuisitions and in8est0ents
%er0itted under tis C(ause and 0ade in te sa0e $nancia(
yearA does not e4ceed [ ]D
%ro8ided tat suc acFuisition or in8est0ent does not resu(t in a
breac of any Autorisation or of any oter %ro8ision of tis
Agree0ent!]
" 6 1& 6
'"!"" [Loans and (uarantees
@aA No ,b(igor sa(( @and te [5orrowerHGuarantor] sa(( ensure tat no
0e0ber of te Grou% wi((A 0a7e any (oansD grant any credit @sa8e in
te ordinary course of businessA or gi8e any guarantee or inde0nity
@e4ce%t as reFuired under any of te Finance #ocu0entsA to or for te
bene$t of any %erson or oterwise 8o(untari(y assu0e any (iabi(ityD
weter actua( or contingentD in res%ect of any ob(igation of any
%erson!
@bA [*aragra% @aA abo8e does not a%%(y to? [ ]!]]
++. %B%$T& #, 4%,A'LT
Eac of te e8ents or circu0stances set out in te fo((owing sub6
c(auses of tis C(ause '' @oter tan ''![".] @Acce!erationAA is an
E8ent of #efau(t!
''!" $on-payment
An ,b(igor does not %ay on te due date any a0ount %ayab(e %ursuant
to a Finance #ocu0ent at te %(ace at and in te currency in wic it
is e4%ressed to be %ayab(e un(ess?
@aA its fai(ure to %ay is caused by ad0inistrati8e or tecnica( errorC
and
@bA %ay0ent is 0ade witin [ ] 5usiness #ays of its due date!
''!' ,inancial coenants
Any reFuire0ent of C(ause '& @Financia! co&enantsA is not satis$ed!
''!) #ther obligations
@aA An ,b(igor does not co0%(y wit any %ro8ision of te Finance
#ocu0ents @oter tan tose referred to in C(ause ''!" @Non0#aymentA
[and C(ause ''!' @ Financia! co&enants A]A!
@bA No E8ent of #efau(t under %aragra% @aA abo8e in re(ation to C(ause
[ ] wi(( occur if te fai(ure to co0%(y is ca%ab(e of re0edy
and is re0edied witin?
@iA @in re(ation to [ ]A [ ] 5usiness #aysC or
@iiA @in re(ation to [ ]A [ ] 5usiness #aysD
of te Agent gi8ing notice to te 5orrower or te 5orrower beco0ing
aware of te fai(ure to co0%(y!
''!+ Misrepresentation
Any re%resentation or state0ent 0ade or dee0ed to be 0ade by an
,b(igor in te Finance #ocu0ents or any oter docu0ent de(i8ered by
or on bea(f of any ,b(igor under or in connection wit any Finance
" 6 1& 6
#ocu0ent is or %ro8es to a8e been incorrect or 0is(eading in any
0ateria( res%ect wen 0ade or dee0ed to be 0ade!
''!. "ross default
@aA Any Financia( Indebtedness of any 0e0ber of te Grou% is not %aid
wen due nor witin any origina((y a%%(icab(e grace %eriod!
@bA Any Financia( Indebtedness of any 0e0ber of te Grou% is dec(ared to
be or oterwise beco0es due and %ayab(e %rior to its s%eci$ed
0aturity as a resu(t of an e8ent of defau(t @owe8er describedA!
@cA Any co00it0ent for any Financia( Indebtedness of any 0e0ber of te
Grou% is cance((ed or sus%ended by a creditor of any 0e0ber of te
Grou% as a resu(t of an e8ent of defau(t @owe8er describedA!
@dA Any creditor of any 0e0ber of te Grou% beco0es entit(ed to dec(are
any Financia( Indebtedness of any 0e0ber of te Grou% due and
%ayab(e %rior to its s%eci$ed 0aturity as a resu(t of an e8ent of defau(t
@owe8er describedA!
@eA No E8ent of #efau(t wi(( occur under tis C(ause ''!. if te aggregate
a0ount of Financia( Indebtedness or co00it0ent for Financia(
Indebtedness fa((ing witin %aragra%s @aA to @dA abo8e is (ess tan
[ ] @or its eFui8a(ent in any oter currency or currenciesA!
''!/ *nsolency
@aA A 0e0ber of te Grou% is or is %resu0ed or dee0ed to be unab(e or
ad0its inabi(ity to %ay its debts as tey fa(( dueD sus%ends 0a7ing
%ay0ents on any of its debts orD by reason of actua( or antici%ated
$nancia( diIcu(tiesD co00ences negotiations wit one or 0ore of its
creditors wit a 8iew to rescedu(ing any of its indebtedness!
@bA Te 8a(ue of te assets of any 0e0ber of te Grou% is (ess tan its
(iabi(ities @ta7ing into account contingent and %ros%ecti8e (iabi(itiesA!
@cA A 0oratoriu0 is dec(ared in res%ect of any indebtedness of any
0e0ber of te Grou%!
''!1 *nsolency proceedings
Any cor%orate actionD (ega( %roceedings or oter %rocedure or ste% is
ta7en in re(ation to?
@aA te sus%ension of %ay0entsD a 0oratoriu0 of any
indebtednessD winding6u%D disso(utionD ad0inistrationD
%ro8isiona( su%er8ision or reorganisation @by way of 8o(untary
arrange0entD sce0e of arrange0ent or oterwiseA of any
0e0ber of te Grou% oter tan a so(8ent (iFuidation or
reorganisation of any 0e0ber of te Grou% wic is not an
,b(igorC
" 6 1& 6
@bA a co0%osition or arrange0ent wit any creditor of any 0e0ber
of te Grou%D or an assign0ent for te bene$t of creditors
genera((y of any 0e0ber of te Grou% or a c(ass of suc
creditorsC
@cA te a%%oint0ent of a (iFuidator @oter tan in res%ect of a
so(8ent (iFuidation of a 0e0ber of te Grou% wic is not an
,b(igorAD recei8erD ad0inistratorD ad0inistrati8e recei8erD
co0%u(sory 0anagerD %ro8isiona( su%er8isor or oter si0i(ar
oIcer in res%ect of any 0e0ber of te Grou% or any of its
assetsC or
@dA enforce0ent of any 9ecurity o8er any assets of any 0e0ber of
te Grou%D
or any ana(ogous %rocedure or ste% is ta7en in any Jurisdiction!
''!2 "reditors@ process
Any e4%ro%riationD attac0entD seFuestrationD distress or e4ecution
a:ects any asset or assets of a 0e0ber of te Grou% [a8ing an
aggregate 8a(ue of [ ]] [and is not discarged witin [ ] days]!
''!3 #!nership of the #bligors
Te [5orrowerHGuarantor] is not or ceases to be a 9ubsidiary of te [
]!
''!"& 'nla!fulness
It is or beco0es un(awfu( for an ,b(igor to %erfor0 any of its
ob(igations under te Finance #ocu0ents!
''!"" /epudiation
An ,b(igor re%udiates a Finance #ocu0ent or e8idences an intention
to re%udiate a Finance #ocu0ent!
''!"' AMoratorium on %xternal *ndebtedness
Te go8ern0ent of [ insert name o% country ]D centra( ban7 of [ insert
name o% country ] or any Go8ern0enta( Agency of [ insert name o%
country ] dec(ares a 0oratoriu0D standsti(( or si0i(ar sus%ension of
%ay0ents in res%ect of its [E4terna( Indebtedness]
2
or te E4terna(
Indebtedness of any %erson incor%oratedD do0ici(edD resident or
situated in [ insert name o% country ]!]
''!") A"essation of business
Te [5orrowerHGuarantor] sus%ends or ceases to carry on a(( or a
0ateria( %art of its business or of te business of te Grou% ta7en as a
wo(e!]
2
Insert te fo((owing de$nition in C(ause "!"? B%xternal *ndebtednessB 0eans any Financia(
Indebtedness wic is deno0inated or %ayab(e by its ter0sD or at te o%tion of te creditor
in res%ect of suc Financia( IndebtednessD in a currency oter tan [currency of Jurisdiction
of 5orrowerHGuarantor]!
" 6 1& 6
''!"+ Material aderse change
[ ]!
''!". Acceleration
,n and at any ti0e after te occurrence of an E8ent of #efau(t wic
is continuing te Agent 0ayD and sa(( if so directed by te MaJority
LendersD by notice to te 5orrower?
@aA cance( te Tota( Co00it0ents wereu%on tey sa((
i00ediate(y be cance((edC
@bA dec(are tat a(( or %art of te LoansD togeter wit accrued
interestD and a(( oter a0ounts accrued or outstanding under
te Finance #ocu0ents be i00ediate(y due and %ayab(eD
wereu%on tey sa(( beco0e i00ediate(y due and %ayab(eC
andHor
@cA dec(are tat a(( or %art of te Loans be %ayab(e on de0andD
wereu%on tey sa(( i00ediate(y beco0e %ayab(e on de0and
by te Agent on te instructions of te MaJority Lenders!
" 6 1& 6
&%"T*#$ 5
"7A$(%& T# PA/T*%&
+-. "7A$(%& T# T7% L%$4%/&
')!" Assignments and transfers by the Lenders
9ubJect to tis C(ause ')D a Lender @te B%xisting LenderBA 0ay?
@aA assign any of its rigtsC or
@bA transfer by no8ation any of its rigts and ob(igationsD
to anoter ban7 or $nancia( institution or to a trustD fund or oter
entity wic is regu(ar(y engaged in or estab(ised for te %ur%ose of
0a7ingD %urcasing or in8esting in (oansD securities or oter $nancia(
assets @te B$e! LenderBA!
')!' "onditions of assignment or transfer
@aA Te consent of te 5orrower is reFuired for a transfer by a Lender of
any of its ob(igations under te Finance #ocu0ents in res%ect of its
A8ai(ab(e Co00it0ent un(ess te transfer is to anoter Lender or an
AI(iate of a Lender!
@bA Te consent of te 5orrower to a transfer 0ust not be unreasonab(y
wite(d or de(ayed! Te 5orrower wi(( be dee0ed to a8e gi8en its
consent $8e 5usiness #ays after te Lender as reFuested it un(ess
consent is e4%ress(y refused by te 5orrower witin tat ti0e!
@cA An assign0ent wi(( be e:ecti8e on(y on?
@iA recei%t by te Agent of written con$r0ation fro0 te New
Lender @in for0 and substance satisfactory to te AgentA tat
te New Lender wi(( assu0e te sa0e ob(igations to te oter
Finance *arties as it wou(d a8e been under if it was an ,rigina(
LenderC and
@iiA noti$cation tat suc assign0ent is e:ecti8e by te Agent to
te E4isting Lender and te New Lender %ro8ided tat te
Agent is not ob(iged to gi8e suc noti$cation un(ess it is
satis$ed tat it as co0%(eted a(( B7now your custo0erB and
oter si0i(ar %rocedures re(ating to any %erson tat it is
reFuired to carry out @or dee0s desirab(eA in re(ation to suc
assign0ent to a New Lender!
@dA A transfer wi(( be e:ecti8e on(y if te %rocedure set out in C(ause ')!.
@(rocedure %or trans%erA is co0%(ied wit!
" 6 1& 6
')!) Assignment or transfer fee
Te New Lender sa((D on te date u%on wic an assign0ent or
transfer ta7es e:ectD %ay to te Agent @for its own accountA a fee of [
]!
')!+ Limitation of responsibility of %xisting Lenders
@aA -n(ess e4%ress(y agreed to te contraryD an E4isting Lender 0a7es no
re%resentation or warranty and assu0es no res%onsibi(ity to a New
Lender for?
@iA te (ega(ityD 8a(idityD e:ecti8enessD adeFuacy or enforceabi(ity
of te Finance #ocu0ents or any oter docu0entsC
@iiA te $nancia( condition of any ,b(igorC
@iiiA te %erfor0ance and obser8ance by any ,b(igor of its
ob(igations under te Finance #ocu0ents or any oter
docu0entsC or
@i8A te accuracy of any state0ents @weter written or ora(A 0ade
in or in connection wit any Finance #ocu0ent or any oter
docu0entD
and any re%resentations or warranties i0%(ied by (aw are e4c(uded!
@bA Eac New Lender con$r0s to te E4isting Lender and te oter
Finance *arties tat it?
@iA as 0ade @and sa(( continue to 0a7eA its own inde%endent
in8estigation and assess0ent of te $nancia( condition and
a:airs of eac ,b(igor and its re(ated entities in connection wit
its %artici%ation in tis Agree0ent and as not re(ied
e4c(usi8e(y on any infor0ation %ro8ided to it by te E4isting
Lender in connection wit any Finance #ocu0entC and
@iiA wi(( continue to 0a7e its own inde%endent a%%raisa( of te
creditwortiness of eac ,b(igor and its re(ated entities wi(st
any a0ount is or 0ay be outstanding under te Finance
#ocu0ents or any Co00it0ent is in force!
@cA Noting in any Finance #ocu0ent ob(iges an E4isting Lender to?
@iA acce%t a re6transfer fro0 a New Lender of any of te rigts and
ob(igations assigned or transferred under tis C(ause ')C or
@iiA su%%ort any (osses direct(y or indirect(y incurred by te New
Lender by reason of te non6%erfor0ance by any ,b(igor of its
ob(igations under te Finance #ocu0ents or oterwise!
@dA In re(ation to any assign0ent or transfer by an E4isting Lender under
tis C(ause ')D te re(e8ant New Lender agrees to be bound by any
" 6 1& 6
consentD wai8er or decision gi8en or 0ade by suc E4isting Lender in
connection wit te Finance #ocu0ents %rior to suc assign0ent or
transfer!
')!. Procedure for transfer
@aA 9ubJect to te conditions set out in C(ause ')!' @"onditions o%
assinment or trans%erA a transfer is e:ected in accordance wit
%aragra% @cA be(ow wen te Agent e4ecutes an oterwise du(y
co0%(eted Transfer Certi$cate de(i8ered to it by te E4isting Lender
and te New Lender! Te Agent sa((D as soon as reasonab(y
%racticab(e after recei%t by it of a du(y co0%(eted Transfer Certi$cate
a%%earing on its face to co0%(y wit te ter0s of tis Agree0ent and
de(i8ered in accordance wit te ter0s of tis Agree0entD e4ecute
tat Transfer Certi$cate!
@bA Te Agent sa(( not be ob(iged to e4ecute a Transfer Certi$cate
de(i8ered to it by te E4isting Lender and te New Lender un(ess it is
satis$ed tat it as co0%(eted a(( B7now your custo0erB and oter
si0i(ar %rocedures tat it is reFuired @or dee0s desirab(eA to conduct
in re(ation to te transfer to suc New Lender!
@cA ,n te Transfer #ate?
@iA to te e4tent tat in te Transfer Certi$cate te E4isting Lender
see7s to transfer by no8ation its rigts and ob(igations under
te Finance #ocu0ents eac of te ,b(igors and te E4isting
Lender sa(( be re(eased fro0 furter ob(igations towards one
anoter under te Finance #ocu0ents and teir res%ecti8e
rigts against one anoter sa(( be cance((ed @being te
B4ischarged /ights and #bligationsBAC
@iiA eac of te ,b(igors and te New Lender sa(( assu0e
ob(igations towards one anoter andHor acFuire rigts against
one anoter wic di:er fro0 te #iscarged Rigts and
,b(igations on(y insofar as tat ,b(igor and te New Lender
a8e assu0ed andHor acFuired te sa0e in %(ace of tat
,b(igor and te E4isting LenderC
@iiiA te AgentD te ArrangerD te New Lender and oter Lenders
sa(( acFuire te sa0e rigts and assu0e te sa0e ob(igations
between te0se(8es as tey wou(d a8e acFuired and assu0ed
ad te New Lender been an ,rigina( Lender wit te rigts
andHor ob(igations acFuired or assu0ed by it as a resu(t of te
transfer and to tat e4tent te AgentD te Arranger and te
E4isting Lender sa(( eac be re(eased fro0 furter ob(igations
to eac oter under tis Agree0entC and
@i8A te New Lender sa(( beco0e a *arty as a BLenderB!
" 6 1& 6
')!/ "opy of Transfer "ertifcate to 8orro!er
Te Agent sa((D as soon as reasonab(y %racticab(e after it as
e4ecuted a Transfer Certi$cateD send to te 5orrower a co%y of tat
Transfer Certi$cate!
')!1 %xclusion of Agent@s liability
In re(ation to any assign0ent or transfer %ursuant to tis C(ause ')D
eac *arty ac7now(edges and agrees tat te Agent sa(( not be
ob(iged to enFuire as to te accuracy of any re%resentation or
warranty 0ade by a New Lender in res%ect of its e(igibi(ity as a Lender!
+.. 4*&"L#&'/% #, *$,#/MAT*#$
Any Finance *arty 0ay disc(ose to?
@aA any of its AI(iatesC
@bA its ead oIce and any oter brancC
@cA any oter Finance *artyC
@dA any of its %rofessiona( ad8isers and oter %ersons %ro8iding
ser8ices to itC
@eA any ,b(igorC
@fA any %erson %er0itted by any ,b(igorC
@gA any %erson to wo0D and to te e4tent tatD infor0ation is
reFuired to be disc(osed by any a%%(icab(e (aw or regu(ationC
and
@A any oter %erson?
@iA to @or trougA wo0 tat Lender assigns or transfers @or
0ay %otentia((y assign or transferA a(( or any of its rigts
and ob(igations under tis Agree0entC or
@iiA wit @or trougA wo0 tat Lender enters into @or 0ay
%otentia((y enter intoA any sub6%artici%ation in re(ation toD
or any oter transaction under wic %ay0ents are to be
0ade by reference toD tis Agree0ent or any ,b(igorC
any infor0ation about any ,b(igorD te Grou% and te Finance
#ocu0ents as tat Finance *arty sa(( consider a%%ro%riate [ifD in
re(ation to %aragra%s @A@iA and @A@iiA abo8eD te %erson to wo0 te
infor0ation is to be gi8en as entered into a Con$dentia(ity
-nderta7ing!] Tis C(ause su%ersedes any %re8ious agree0ent
re(ating to te con$dentia(ity of suc infor0ation!
" 6 1& 6
&%"T*#$ )6
T7% ,*$A$"% PA/T*%&
+0. /#L% #, T7% A(%$T A$4 T7% A//A$(%/
'.!" Appointment of the Agent
@aA Eac of te oter Finance *arties a%%oints te Agent to act as its agent
under and in connection wit te Finance #ocu0ents!
@bA Eac of te oter Finance *arties autorises te Agent to e4ercise te
rigtsD %owersD autorities and discretions s%eci$ca((y gi8en to te
Agent under or in connection wit te Finance #ocu0ents togeter
wit any oter incidenta( rigtsD %owersD autorities and discretions!
'.!' 4uties of the Agent
@aA Te Agent sa(( %ro0%t(y forward to a *arty te origina( or a co%y of
any docu0ent wic is de(i8ered to te Agent for tat *arty by any
oter *arty!
@bA E4ce%t were a Finance #ocu0ent s%eci$ca((y %ro8ides oterwiseD te
Agent is not ob(iged to re8iew or cec7 te adeFuacyD accuracy or
co0%(eteness of any docu0ent it forwards to anoter *arty!
@cA If te Agent recei8es notice fro0 a *arty referring to tis Agree0entD
describing a #efau(t and stating tat te circu0stance described is a
#efau(tD it sa(( %ro0%t(y notify te Lenders!
@dA If te Agent is aware of te non6%ay0ent of any %rinci%a(D interestD
co00it0ent fee or oter fee %ayab(e to a Finance *arty @oter tan to
te Agent or te ArrangerA under tis Agree0ent it sa(( %ro0%t(y
notify te oter Lenders!
@eA Te AgentEs duties under te Finance #ocu0ents are so(e(y
0ecanica( and ad0inistrati8e in nature! Te Agent sa(( a8e no
oter duties sa8e as e4%ress(y %ro8ided for in te Finance #ocu0ents!
'.!) /ole of the Arranger
E4ce%t as s%eci$ca((y %ro8ided in te Finance #ocu0entsD te Arranger
as no ob(igations of any 7ind to any oter *arty under or in
connection wit any Finance #ocu0ent!
'.!+ $o fduciary duties
@aA Noting in tis Agree0ent constitutes te Agent or te Arranger as a
trustee or $duciary of any oter %erson!
@bA Neiter te Agent nor te Arranger sa(( be bound to account to any
Lender for any su0 or te %ro$t e(e0ent of any su0 recei8ed by it for
its own account!
" 6 1& 6
'.!. 8usiness !ith the (roup
Te Agent and te Arranger 0ay acce%t de%osits fro0D (end 0oney to
and genera((y engage in any 7ind of ban7ing or oter business wit
any 0e0ber of te Grou%!
'.!/ /ights and discretions of the Agent
@aA Te Agent 0ay re(y on?
@iA any re%resentationD notice or docu0ent be(ie8ed by it to be
genuineD correct and a%%ro%riate(y autorised and sa(( a8e
no duty to 8erify any signature on any docu0entC and
@iiA any state0ent %ur%orted(y 0ade by a directorD autorised
signatory or e0%(oyee of any %erson regarding any 0atters
wic 0ay reasonab(y be assu0ed to be witin is 7now(edge
or witin is %ower to 8erify!
@bA Te Agent 0ay assu0e @un(ess it as recei8ed notice to te contrary
in its ca%acity as agent for te LendersA tat?
@iA no #efau(t as occurred @un(ess it as actua( 7now(edge of a
#efau(t arising under C(ause ''!" @Non0#aymentAAC
@iiA any rigtD %owerD autority or discretion 8ested in any *arty or
te MaJority Lenders as not been e4ercisedC and
@iiiA any notice or reFuest 0ade by te 5orrower @oter tan a
-ti(isation ReFuest or 9e(ection NoticeA is 0ade on bea(f of
and wit te consent and 7now(edge of a(( te ,b(igors!
@cA Te Agent 0ay engageD %ay for and re(y on te ad8ice or ser8ices of
any (awyersD accountantsD sur8eyors or oter e4%erts!
@dA Te Agent 0ay act in re(ation to te Finance #ocu0ents troug its
%ersonne( and agents!
@eA Te Agent 0ay disc(ose to any oter *arty any infor0ation it
reasonab(y be(ie8es it as recei8ed as agent under tis Agree0ent!
@fA Notwitstanding any oter %ro8ision of any Finance #ocu0ent to te
contraryD neiter te Agent nor te Arranger is ob(iged to do or o0it to
do anyting if it wou(d or 0igt in its reasonab(e o%inion constitute a
breac of any (aw or a breac of a $duciary duty or duty of
con$dentia(ity!
'.!1 Ma:ority Lenders@ instructions
@aA -n(ess a contrary indication a%%ears in a Finance #ocu0entD te Agent
sa(( @iA e4ercise any rigtD %owerD autority or discretion 8ested in it
as Agent in accordance wit any instructions gi8en to it by te MaJority
Lenders @orD if so instructed by te MaJority LendersD refrain fro0
" 6 1& 6
e4ercising any rigtD %owerD autority or discretion 8ested in it as
AgentA and @iiA not be (iab(e for any act @or o0issionA if it acts @or
refrains fro0 ta7ing any actionA in accordance wit an instruction of
te MaJority Lenders!
@bA -n(ess a contrary indication a%%ears in a Finance #ocu0entD any
instructions gi8en by te MaJority Lenders wi(( be binding on a(( te
Finance *arties!
@cA Te Agent 0ay refrain fro0 acting in accordance wit te instructions
of te MaJority Lenders @orD if a%%ro%riateD te LendersA or under
%aragra% @dA be(ow unti( it as recei8ed suc security as it 0ay
reFuire for any costD (oss or (iabi(ity @togeter wit any associated
Indirect Ta4A wic it 0ay incur in co0%(ying wit te instructions!
@dA In te absence of instructions fro0 te MaJority LendersD @orD if
a%%ro%riateD te LendersA te Agent 0ay act @or refrain fro0 ta7ing
actionA as it considers to be in te best interest of te Lenders!
@eA Te Agent is not autorised to act on bea(f of a Lender @witout $rst
obtaining tat LenderEs consentA in any (ega( or arbitration %roceedings
re(ating to any Finance #ocu0ent!
'.!2 /esponsibility for documentation
Neiter te Agent nor te Arranger?
@aA is res%onsib(e for te adeFuacyD accuracy andHor co0%(eteness
of any infor0ation @weter ora( or writtenA su%%(ied by te
AgentD te ArrangerD an ,b(igor or any oter %erson gi8en in or
in connection wit any Finance #ocu0ent or te [Infor0ation
Me0orandu0]C or
@bA is res%onsib(e for te (ega(ityD 8a(idityD e:ecti8enessD adeFuacy
or enforceabi(ity of any Finance #ocu0ent or any oter
agree0entD arrange0ent or docu0ent entered intoD 0ade or
e4ecuted in antici%ation of or in connection wit any Finance
#ocu0ent!
'.!3 %xclusion of liability
@aA ;itout (i0iting %aragra% @bA be(owD te Agent sa(( not be (iab(e for
any costD (oss or (iabi(ity incurred by any *arty as a conseFuence of?
@iA te Agent a8ing ta7en or a8ing o0itted to ta7e any action
under or in connection wit any Finance #ocu0entD un(ess
direct(y caused by te AgentEs gross neg(igence or wi(fu(
0isconductC or
@iiA any de(ay in te crediting to any account of an a0ount reFuired
under te Finance #ocu0ents to be %aid by te AgentD if te
Agent sa(( a8e ta7en a(( necessary ste%s as soon as
" 6 1& 6
reasonab(y %racticab(e to co0%(y wit te regu(ations or
o%erating %rocedures of any recognised c(earing or sett(e0ent
syste0 used by te Agent for te %ur%ose of suc %ay0ent!
@bA No *arty @oter tan te AgentA 0ay ta7e any %roceedings against any
oIcerD e0%(oyee or agent of te Agent in res%ect of any c(ai0 it 0igt
a8e against te Agent or in res%ect of any act or o0ission of any 7ind
by tat oIcerD e0%(oyee or agent in re(ation to any Finance #ocu0ent
and any oIcerD e0%(oyee or agent of te Agent 0ay re(y on tis
C(ause [subJect to C(ause "!) @ Third (arty Rihts A and te %ro8isions of
te Tird *arties Act]
3
!
@cA Noting in tis Agree0ent sa(( ob(ige te Agent or te Arranger to
conduct any B7now your custo0erB or oter %rocedures in re(ation to
any %erson on bea(f of any Lender and eac Lender con$r0s to te
Agent and te Arranger tat it is so(e(y res%onsib(e for any suc
%rocedures it is reFuired to conduct and tat it sa(( not re(y on any
state0ent in re(ation to suc %rocedures 0ade by te Agent or te
Arranger!
'.!"& Lenders@ indemnity to the Agent
Eac Lender sa(( @in %ro%ortion to its sare of te Tota( Co00it0ents
orD if te Tota( Co00it0ents are ten MeroD to its sare of te Tota(
Co00it0ents i00ediate(y %rior to teir reduction to MeroA inde0nify
te AgentD witin tree 5usiness #ays of de0andD against any costD
(oss or (iabi(ity incurred by te Agent @oterwise tan by reason of te
AgentEs gross neg(igence or wi(fu( 0isconductA in acting as Agent
under te Finance #ocu0ents @un(ess te Agent as been rei0bursed
by an ,b(igor %ursuant to a Finance #ocu0entA!
'.!"" /esignation of the Agent
@aA Te Agent 0ay resign and a%%oint one of its AI(iates acting troug
an oIce in [ insert name o% country ] as successor by gi8ing notice to
te oter Finance *arties and te 5orrower!
@bA A(ternati8e(y te Agent 0ay resign by gi8ing notice to te oter
Finance *arties and te 5orrowerD in wic case te MaJority Lenders
@after consu(tation wit te 5orrowerA 0ay a%%oint a successor Agent!
@cA If te MaJority Lenders a8e not a%%ointed a successor Agent in
accordance wit %aragra% @bA abo8e witin )& days after notice of
resignation was gi8enD te Agent @after consu(tation wit te 5orrowerA
0ay a%%oint a successor Agent [@acting troug an oIce in [
]A]!
@dA Te retiring Agent sa(( 0a7e a8ai(ab(e to te successor Agent suc
docu0ents and records and %ro8ide suc assistance as te successor
3
,n(y inc(ude te words in brac7ets if second o%tion in C(ause "!) as been used!
" 6 1& 6
Agent 0ay reasonab(y reFuest for te %ur%oses of %erfor0ing its
functions as Agent under te Finance #ocu0ents!
@eA Te AgentEs resignation notice sa(( ta7e e:ect on(y u%on te
a%%oint0ent of a successor!
@fA -%on te a%%oint0ent of a successorD te retiring Agent sa(( be
discarged fro0 any furter ob(igation in res%ect of te Finance
#ocu0ents but sa(( re0ain entit(ed to te bene$t of tis C(ause '.!
Its successor and eac of te oter *arties sa(( a8e te sa0e rigts
and ob(igations a0ongst te0se(8es as tey wou(d a8e ad if suc
successor ad been an origina( *arty!
@gA After consu(tation wit te 5orrowerD te MaJority Lenders 0ayD by
notice to te AgentD reFuire it to resign in accordance wit %aragra%
@bA abo8e! In tis e8entD te Agent sa(( resign in accordance wit
%aragra% @bA abo8e!
'.!"' "onfdentiality
@aA In acting as agent for te Finance *artiesD te Agent sa(( be regarded
as acting troug its agency di8ision wic sa(( be treated as a
se%arate entity fro0 any oter of its di8isions or de%art0ents!
@bA If infor0ation is recei8ed by anoter di8ision or de%art0ent of te
AgentD it 0ay be treated as con$dentia( to tat di8ision or de%art0ent
and te Agent sa(( not be dee0ed to a8e notice of it!
'.!") /elationship !ith the Lenders
9ubJect to C(ause '1!' @'istributions by the AentAD te Agent 0ay
treat eac Lender as a LenderD entit(ed to %ay0ents under tis
Agree0ent and acting troug its Faci(ity ,Ice un(ess it as recei8ed
not (ess tan $8e 5usiness #ays %rior notice fro0 tat Lender to te
contrary in accordance wit te ter0s of tis Agree0ent!
'.!"+ "redit appraisal by the Lenders
;itout a:ecting te res%onsibi(ity of any ,b(igor for infor0ation
su%%(ied by it or on its bea(f in connection wit any Finance
#ocu0entD eac Lender con$r0s to te Agent and te Arranger tat it
as beenD and wi(( continue to beD so(e(y res%onsib(e for 0a7ing its
own inde%endent a%%raisa( and in8estigation of a(( ris7s arising under
or in connection wit any Finance #ocu0ent inc(uding but not (i0ited
to?
@aA te $nancia( conditionD status and nature of eac 0e0ber of
te Grou%C
@bA te (ega(ityD 8a(idityD e:ecti8enessD adeFuacy or enforceabi(ity
of any Finance #ocu0ent and any oter agree0entD
arrange0ent or docu0ent entered intoD 0ade or e4ecuted in
" 6 1& 6
antici%ation ofD under or in connection wit any Finance
#ocu0entC
@cA weter tat Lender as recourseD and te nature and e4tent of
tat recourseD against any *arty or any of its res%ecti8e assets
under or in connection wit any Finance #ocu0entD te
transactions conte0%(ated by te Finance #ocu0ents or any
oter agree0entD arrange0ent or docu0ent entered intoD
0ade or e4ecuted in antici%ation ofD under or in connection
wit any Finance #ocu0entC and
@dA te adeFuacyD accuracy andHor co0%(eteness of te
[Infor0ation Me0orandu0 and any oter] infor0ation %ro8ided
by te AgentD any *arty or by any oter %erson under or in
connection wit any Finance #ocu0entD te transactions
conte0%(ated by te Finance #ocu0ents or any oter
agree0entD arrange0ent or docu0ent entered intoD 0ade or
e4ecuted in antici%ation ofD under or in connection wit any
Finance #ocu0ent!
'.!". /eference 8anks
If a Reference 5an7 @orD if a Reference 5an7 is not a LenderD te Lender
of wic it is an AI(iateA ceases to be a LenderD te Agent sa(( @in
consu(tation wit te 5orrowerA a%%oint anoter Lender or an AI(iate
of a Lender or any ban7 a%%ro8ed by te MaJority Lenders to re%(ace
tat Reference 5an7!
'.!"/ 4eduction from amounts payable by the Agent
If any *arty owes an a0ount to te Agent under te Finance
#ocu0ents te Agent 0ayD after gi8ing notice to tat *artyD deduct an
a0ount not e4ceeding tat a0ount fro0 any %ay0ent to tat *arty
wic te Agent wou(d oterwise be ob(iged to 0a7e under te
Finance #ocu0ents and a%%(y te a0ount deducted in or towards
satisfaction of te a0ount owed! For te %ur%oses of te Finance
#ocu0ents tat *arty sa(( be regarded as a8ing recei8ed any
a0ount so deducted!
'.!"1 AAgent@s Management Time
Any a0ount %ayab(e to te Agent under C(ause ".!) @ Indemnity to the
Aent AD C(ause ". @ "osts and e/#enses A and C(ause '.!"& @ Lenders.
indemnity to the Aent A sa(( inc(ude te cost of uti(ising te AgentEs
0anage0ent ti0e or oter resources and wi(( be ca(cu(ated on te
basis of suc reasonab(e dai(y or our(y rates as te Agent 0ay notify
to te 5orrower and te LendersD and is in addition to any fee %aid or
%ayab(e to te Agent under C(ause "" @ Fees A!]
" 6 1& 6
+1. &7A/*$( AM#$( T7% ,*$A$"% PA/T*%&
'/!" Payments to ,inance Parties
If a Finance *arty @a B/ecoering ,inance PartyBA recei8es or
reco8ers any a0ount fro0 an ,b(igor oter tan in accordance wit
C(ause '1 @(ayment mechanicsA and a%%(ies tat a0ount to a %ay0ent
due under te Finance #ocu0ents ten?
@aA te Reco8ering Finance *arty sa((D witin tree 5usiness #aysD
notify detai(s of te recei%t or reco8eryD to te AgentC
@bA te Agent sa(( deter0ine weter te recei%t or reco8ery is in
e4cess of te a0ount te Reco8ering Finance *arty wou(d a8e
been %aid ad te recei%t or reco8ery been recei8ed or 0ade
by te Agent and distributed in accordance wit C(ause '1
@(ayment mechanicsAD witout ta7ing account of any Ta4 wic
wou(d be i0%osed on te Agent in re(ation to te recei%tD
reco8ery or distributionC and
@cA te Reco8ering Finance *arty sa((D witin tree 5usiness #ays
of de0and by te AgentD %ay to te Agent an a0ount @te
B&haring PaymentBA eFua( to suc recei%t or reco8ery (ess
any a0ount wic te Agent deter0ines 0ay be retained by
te Reco8ering Finance *arty as its sare of any %ay0ent to be
0adeD in accordance wit C(ause '1!. @(artia! #aymentsA!
'/!' /edistribution of payments
Te Agent sa(( treat te 9aring *ay0ent as if it ad been %aid by te
re(e8ant ,b(igor and distribute it between te Finance *arties @oter
tan te Reco8ering Finance *artyA in accordance wit C(ause '1!.
@(artia! #aymentsA!
'/!) /ecoering ,inance Party@s rights
@aA ,n a distribution by te Agent under C(ause '/!' @Redistribution o%
#aymentsAD te Reco8ering Finance *arty wi(( be subrogated to te
rigts of te Finance *arties wic a8e sared in te redistribution!
@bA If and to te e4tent tat te Reco8ering Finance *arty is not ab(e to
re(y on its rigts under %aragra% @aA abo8eD te re(e8ant ,b(igor sa((
be (iab(e to te Reco8ering Finance *arty for a debt eFua( to te
9aring *ay0ent wic is i00ediate(y due and %ayab(e!
'/!+ /eersal of redistribution
If any %art of te 9aring *ay0ent recei8ed or reco8ered by a
Reco8ering Finance *arty beco0es re%ayab(e and is re%aid by tat
Reco8ering Finance *artyD ten?
@aA eac Finance *arty wic as recei8ed a sare of te re(e8ant
9aring *ay0ent %ursuant to C(ause '/!' @Redistribution o%
#aymentsA sa((D u%on reFuest of te AgentD %ay to te Agent
" 6 1& 6
for account of tat Reco8ering Finance *arty an a0ount eFua(
to te a%%ro%riate %art of its sare of te 9aring *ay0ent
@togeter wit an a0ount as is necessary to rei0burse tat
Reco8ering Finance *arty for its %ro%ortion of any interest on
te 9aring *ay0ent wic tat Reco8ering Finance *arty is
reFuired to %ayAC and
@bA tat Reco8ering Finance *artyEs rigts of subrogation in res%ect
of any rei0burse0ent sa(( be cance((ed and te re(e8ant
,b(igor wi(( be (iab(e to te rei0bursing Finance *arty for te
a0ount so rei0bursed!
'/!. %xceptions
@aA Tis C(ause '/ sa(( not a%%(y to te e4tent tat te Reco8ering
Finance *arty wou(d notD after 0a7ing any %ay0ent %ursuant to tis
C(auseD a8e a 8a(id and enforceab(e c(ai0 against te re(e8ant
,b(igor!
@bA A Reco8ering Finance *arty is not ob(iged to sare wit any oter
Finance *arty any a0ount wic te Reco8ering Finance *arty as
recei8ed or reco8ered as a resu(t of ta7ing (ega( or arbitration
%roceedingsD if?
@iA it noti$ed tat oter Finance *arty of te (ega( or arbitration
%roceedingsC and
@iiA tat oter Finance *arty ad an o%%ortunity to %artici%ate in
tose (ega( or arbitration %roceedings but did not do so as soon
as reasonab(y %racticab(e a8ing recei8ed notice and did not
ta7e se%arate (ega( or arbitration %roceedings!
" 6 1& 6
&%"T*#$ ))
A4M*$*&T/AT*#$
+2. PA>M%$T M%"7A$*"&
'1!" Payments to the Agent
@aA ,n eac date on wic an ,b(igor or a Lender is reFuired to 0a7e a
%ay0ent under a Finance #ocu0entD tat ,b(igor or Lender sa(( 0a7e
te sa0e a8ai(ab(e to te Agent @un(ess a contrary indication a%%ears
in a Finance #ocu0entA for 8a(ue on te due date at te ti0e and in
suc funds s%eci$ed by te Agent as being custo0ary at te ti0e for
sett(e0ent of transactions in te re(e8ant currency in te %(ace of
%ay0ent!
@bA *ay0ent sa(( be 0ade to suc account in te %rinci%a( $nancia(
centre of te country of tat currency [@orD in re(ation to euroD in a
%rinci%a( $nancia( centre in a *artici%ating Me0ber 9tate or LondonA]
"&
wit suc ban7 as te Agent s%eci$es!
'1!' 4istributions by the Agent
@aA Eac %ay0ent recei8ed by te Agent under te Finance #ocu0ents for
anoter *arty sa((D subJect to C(ause '1!) @'istributions to an Ob!iorA
and C(ause '1!+ @"!a2bac,A be 0ade a8ai(ab(e by te Agent as soon
as %racticab(e after recei%t to te *arty entit(ed to recei8e %ay0ent in
accordance wit tis Agree0ent @in te case of a LenderD for te
account of its Faci(ity ,IceAD to suc account as tat *arty 0ay notify
to te Agent by not (ess tan $8e 5usiness #aysE notice wit a ban7 in
te %rinci%a( $nancia( centre of te country of tat currency [@orD in
re(ation to euroD in te %rinci%a( $nancia( centre of a *artici%ating
Me0ber 9tate or LondonA]
""
!
@bA Te Agent sa(( distribute %ay0ents recei8ed by it in re(ation to a(( or
any %art of a Loan to te Lender indicated in te records of te Agent
as being so entit(ed on tat date *ro8ided tat te Agent is autorised
to distribute %ay0ents to be 0ade on te date on wic any transfer
beco0es e:ecti8e %ursuant to C(ause ') @"hanes to the LendersA to
te Lender so entit(ed i00ediate(y before suc transfer too7 %(ace
regard(ess of te %eriod to wic suc su0s re(ate!
'1!) 4istributions to an #bligor
Te Agent 0ay @wit te consent of te ,b(igor or in accordance wit
C(ause '2 @Set0o3AA a%%(y any a0ount recei8ed by it for tat ,b(igor in
or towards %ay0ent @on te date and in te currency and funds of
recei%tA of any a0ount due fro0 tat ,b(igor under te Finance
#ocu0ents or in or towards %urcase of any a0ount of any currency
to be so a%%(ied!
"&
Inc(ude if te Loan is in euros!
""
Inc(ude if te Loan is in euros!
" 6 1& 6
'1!+ "la!back
@aA ;ere a su0 is to be %aid to te Agent under te Finance #ocu0ents
for anoter *artyD te Agent is not ob(iged to %ay tat su0 to tat
oter *arty @or to enter into or %erfor0 any re(ated e4cange contractA
unti( it as been ab(e to estab(is to its satisfaction tat it as actua((y
recei8ed tat su0!
@bA If te Agent %ays an a0ount to anoter *arty and it %ro8es to be te
case tat te Agent ad not actua((y recei8ed tat a0ountD ten te
*arty to wo0 tat a0ount @or te %roceeds of any re(ated e4cange
contractA was %aid by te Agent sa(( on de0and refund te sa0e to
te Agent togeter wit interest on tat a0ount fro0 te date of
%ay0ent to te date of recei%t by te AgentD ca(cu(ated by te Agent
to reKect its cost of funds!
'1!. Partial payments
@aA If te Agent recei8es a %ay0ent tat is insuIcient to discarge a(( te
a0ounts ten due and %ayab(e by an ,b(igor under te Finance
#ocu0entsD te Agent sa(( a%%(y tat %ay0ent towards te
ob(igations of tat ,b(igor under te Finance #ocu0ents in te
fo((owing order?
@iA frstD in or towards %ay0ent %ro rata of any un%aid feesD costs
and e4%enses of te Agent under te Finance #ocu0entsC
@iiA secondlyD in or towards %ay0ent %ro rata of any accrued
interestD fee @oter tan as %ro8ided in @iA abo8eA or co00ission
due but un%aid under tis Agree0entC
@iiiA thirdlyD in or towards %ay0ent %ro rata of any %rinci%a( due
but un%aid under tis Agree0entC and
@i8A fourthlyD in or towards %ay0ent %ro rata of any oter su0 due
but un%aid under te Finance #ocu0ents!
@bA Te Agent sa((D if so directed by te MaJority LendersD 8ary te order
set out in %aragra%s @aA@iiA to @i8A abo8e!
@cA *aragra%s @aA and @bA abo8e wi(( o8erride any a%%ro%riation 0ade by
an ,b(igor!
'1!/ $o set-o; by #bligors
A(( %ay0ents to be 0ade by an ,b(igor under te Finance #ocu0ents
sa(( be ca(cu(ated and be 0ade witout @and free and c(ear of any
deduction forA set6o: or counterc(ai0!
'1!1 8usiness 4ays
@aA Any %ay0ent wic is due to be 0ade on a day tat is not a 5usiness
#ay sa(( be 0ade on te ne4t 5usiness #ay in te sa0e ca(endar
0ont @if tere is oneA or te %receding 5usiness #ay @if tere is notA!
" 6 1& 6
@bA #uring any e4tension of te due date for %ay0ent of any %rinci%a( or
-n%aid 9u0 under %aragra% @aA abo8eD interest is %ayab(e on te
%rinci%a( or -n%aid 9u0 at te rate %ayab(e on te origina( due date!
'1!2 "urrency of account
@aA 9ubJect to %aragra%s @bA and @cA be(owD [insert currency o% Loan ] is
te currency of account and %ay0ent for any su0 due fro0 an ,b(igor
under any Finance #ocu0ent!
@bA Eac %ay0ent in res%ect of costsD e4%enses or Ta4es sa(( be 0ade in
te currency in wic te costsD e4%enses or Ta4es are incurred!
@cA Any a0ount e4%ressed to be %ayab(e in a currency oter tan [insert
currency of Loan] sa(( be %aid in tat oter currency!
'1!3 A"hange of currency
@aA -n(ess oterwise %roibited by (awD if 0ore tan one currency or
currency unit are at te sa0e ti0e recognised by te centra( ban7 of
any country as te (awfu( currency of tat countryD ten?
@iA any reference in te Finance #ocu0ents toD and any ob(igations
arising under te Finance #ocu0ents inD te currency of tat
country sa(( be trans(ated intoD or %aid inD te currency or
currency unit of tat country designated by te Agent @after
consu(tation wit te 5orrowerAC and
@iiA any trans(ation fro0 one currency or currency unit to anoter
sa(( be at te oIcia( rate of e4cange recognised by te
centra( ban7 for te con8ersion of tat currency or currency
unit into te oterD rounded u% or down by te Agent @acting
reasonab(yA!
@bA If a cange in any currency of a country occursD tis Agree0ent wi((D to
te e4tent te Agent @acting reasonab(y and after consu(tation wit te
5orrowerA s%eci$es to be necessaryD be a0ended to co0%(y wit any
genera((y acce%ted con8entions and 0ar7et %ractice in te Re(e8ant
Interban7 Mar7et and oterwise to reKect te cange in currency!]
+3. &%T-#,,
A Finance *arty 0ay set o: any 0atured ob(igation due fro0 an
,b(igor under te Finance #ocu0ents @to te e4tent bene$cia((y
owned by tat Finance *artyA against any 0atured ob(igation owed by
tat Finance *arty to tat ,b(igorD regard(ess of te %(ace of %ay0entD
boo7ing branc or currency of eiter ob(igation! If te ob(igations are
in di:erent currenciesD te Finance *arty 0ay con8ert eiter ob(igation
at a 0ar7et rate of e4cange in its usua( course of business for te
%ur%ose of te set6o:!
" 6 1& 6
+5. $#T*"%&
'3!" "ommunications in !riting
Any co00unication to be 0ade under or in connection wit te
Finance #ocu0ents sa(( be 0ade in writing andD un(ess oterwise
statedD 0ay be 0ade by fa4 or (etter!
'3!' Addresses
Te address and fa4 nu0ber @and te de%art0ent or oIcerD if anyD for
wose attention te co00unication is to be 0adeA of eac *arty for
any co00unication or docu0ent to be 0ade or de(i8ered under or in
connection wit te Finance #ocu0ents is?
@aA in te case of te 5orrowerD tat identi$ed wit its na0e be(owC
@bA in te case of eac Lender or any oter ,b(igorD tat noti$ed in
writing to te Agent on or %rior to te date on wic it beco0es
a *artyC and
@cA in te case of te AgentD tat identi$ed wit its na0e be(owD
or any substitute addressD fa4 nu0ber or de%art0ent or oIcer as te
*arty 0ay notify to te Agent @or te Agent 0ay notify to te oter
*artiesD if a cange is 0ade by te AgentA by not (ess tan $8e
5usiness #aysE notice!
'3!) 4eliery
@aA Any co00unication or docu0ent 0ade or de(i8ered by one %erson to
anoter under or in connection wit te Finance #ocu0ents wi(( be
e:ecti8e?
@iA if by way of fa4D on(y wen recei8ed in (egib(e for0C or
@iiA if by way of (etterD on(y wen it as been (eft at te re(e8ant
address or [$8e] 5usiness #ays after being de%osited in te
%ost %ostage %re%aid in an en8e(o%e addressed to it at tat
addressC
andD if a %articu(ar de%art0ent or oIcer is s%eci$ed as %art of its
address detai(s %ro8ided under C(ause '3!' @AddressesAD if addressed
to tat de%art0ent or oIcer!
@bA Any co00unication or docu0ent to be 0ade or de(i8ered to te Agent
wi(( be e:ecti8e on(y wen actua((y recei8ed by te Agent and ten
on(y if it is e4%ress(y 0ar7ed for te attention of te de%art0ent or
oIcer identi$ed wit te AgentEs signature be(ow @or any substitute
de%art0ent or oIcer as te Agent sa(( s%ecify for tis %ur%oseA!
@cA A(( notices fro0 or to an ,b(igor sa(( be sent troug te Agent!
" 6 1& 6
@dA Any co00unication or docu0ent 0ade or de(i8ered to te 5orrower in
accordance wit tis C(ause wi(( be dee0ed to a8e been 0ade or
de(i8ered to te Guarantor!
'3!+ %lectronic communication
@aA Any co00unication to be 0ade between te Agent and a Lender
under or in connection wit te Finance #ocu0ents 0ay be 0ade by
e(ectronic 0ai( or oter e(ectronic 0eansD if te Agent and te re(e8ant
Lender?
@iA agree tatD un(ess and unti( noti$ed to te contraryD tis is to be
an acce%ted for0 of co00unicationC
@iiA notify eac oter in writing of teir e(ectronic 0ai( address
andHor any oter infor0ation reFuired to enab(e te sending
and recei%t of infor0ation by tat 0eansC and
@iiiA notify eac oter of any cange to teir address or any oter
suc infor0ation su%%(ied by te0!
@bA Any e(ectronic co00unication 0ade between te Agent and a Lender
wi(( be e:ecti8e on(y wen actua((y recei8ed in readab(e for0 and in
te case of any e(ectronic co00unication 0ade by a Lender to te
Agent on(y if it is addressed in suc a 0anner as te Agent sa((
s%ecify for tis %ur%ose!
'3!. %nglish language
@aA Any notice gi8en under or in connection wit any Finance #ocu0ent
0ust be in Eng(is!
@bA A(( oter docu0ents %ro8ided under or in connection wit any Finance
#ocu0ent 0ust be?
@iA in Eng(isC or
@iiA if not in Eng(isD and if so reFuired by te AgentD acco0%anied
by a certi$ed Eng(is trans(ation andD in tis caseD te Eng(is
trans(ation wi(( %re8ai( un(ess te docu0ent is a constitutiona(D
statutory or oter oIcia( docu0ent!
-6. "AL"'LAT*#$& A$4 "%/T*,*"AT%&
)&!" Accounts
In any (itigation or arbitration %roceedings arising out of or in
connection wit a Finance #ocu0entD te entries 0ade in te accounts
0aintained by a Finance *arty are #rima %acie e8idence of te 0atters
to wic tey re(ate!
" 6 1& 6
)&!' "ertifcates and 4eterminations
Any certi$cation or deter0ination by a Finance *arty of a rate or
a0ount under any Finance #ocu0ent isD in te absence of 0anifest
errorD conc(usi8e e8idence of te 0atters to wic it re(ates!
)&!) 4ay count conention
Any interestD co00ission or fee accruing under a Finance #ocu0ent
wi(( accrue fro0 day to day and is ca(cu(ated on te basis of te actua(
nu0ber of days e(a%sed and a year of [)/&H)/.] days orD in any case
were te %ractice in te Re(e8ant Interban7 Mar7et di:ersD in
accordance wit tat 0ar7et %ractice!
-). PA/T*AL *$BAL*4*T>
IfD at any ti0eD any %ro8ision of te Finance #ocu0ents is or beco0es
i((ega(D in8a(id or unenforceab(e in any res%ect under any (aw of any
JurisdictionD neiter te (ega(ityD 8a(idity or enforceabi(ity of te
re0aining %ro8isions nor te (ega(ityD 8a(idity or enforceabi(ity of suc
%ro8ision under te (aw of any oter Jurisdiction wi(( in any way be
a:ected or i0%aired!
-+. /%M%4*%& A$4 DA*B%/&
No fai(ure to e4erciseD nor any de(ay in e4ercisingD on te %art of any
Finance *artyD any rigt or re0edy under te Finance #ocu0ents sa((
o%erate as a wai8erD nor sa(( any sing(e or %artia( e4ercise of any rigt
or re0edy %re8ent any furter or oter e4ercise or te e4ercise of any
oter rigt or re0edy! Te rigts and re0edies %ro8ided in tis
Agree0ent are cu0u(ati8e and not e4c(usi8e of any rigts or re0edies
%ro8ided by (aw!
--. AM%$4M%$T& A$4 DA*B%/&
))!" /e=uired consents
@aA 9ubJect to C(ause ))!' @E/ce#tionsA any ter0 of te Finance
#ocu0ents 0ay be a0ended or wai8ed on(y wit te consent of te
MaJority Lenders and te ,b(igors and any suc a0end0ent or wai8er
wi(( be binding on a(( *arties!
@bA Te Agent 0ay e:ectD on bea(f of any Finance *artyD any a0end0ent
or wai8er %er0itted by tis C(ause ))!
))!' %xceptions
@aA An a0end0ent or wai8er tat as te e:ect of canging or wic
re(ates to?
@iA te de$nition of BMaJority LendersB in C(ause "!" @'e$nitionsAC
@iiA an e4tension to te date of %ay0ent of any a0ount under te
Finance #ocu0entsC
" 6 1& 6
@iiiA a reduction in te Margin or a reduction in te a0ount of any
%ay0ent of %rinci%a(D interestD fees or co00ission %ayab(eC
@i8A an increase in or an e4tension of any Co00it0entC
@8A a cange to te 5orrower or GuarantorC
@8iA any %ro8ision wic e4%ress(y reFuires te consent of a(( te
LendersC
@8iiA C(ause '!' @Lenders. rihts and ob!iationsAD C(ause ')
@"hanes to the LendersA or tis C(ause ))C or
@8iiiA [ ]D
sa(( not be 0ade witout te %rior consent of a(( te Lenders!
@bA An a0end0ent or wai8er wic re(ates to te rigts or ob(igations of
te Agent or te Arranger 0ay not be e:ected witout te consent of
te Agent or te Arranger!
-.. "#'$T%/PA/T&
Eac Finance #ocu0ent 0ay be e4ecuted in any nu0ber of
counter%artsD and tis as te sa0e e:ect as if te signatures on te
counter%arts were on a sing(e co%y of te Finance #ocu0ent!
" 6 1& 6
&%"T*#$ )+
(#B%/$*$( LAD A$4 %$,#/"%M%$T
-0. (#B%/$*$( LAD
Tis Agree0ent is go8erned by Eng(is (aw!
-1. %$,#/"%M%$T
)/!" Iurisdiction of %nglish courts
@aA Te courts of Eng(and a8e e4c(usi8e Jurisdiction to sett(e any dis%ute
arising out of or in connection wit tis Agree0ent @inc(uding a dis%ute
regarding te e4istenceD 8a(idity or ter0ination of tis Agree0entA @a
B4isputeBA!
@bA Te *arties agree tat te courts of Eng(and are te 0ost a%%ro%riate
and con8enient courts to sett(e #is%utes and according(y no *arty wi((
argue to te contrary!
@cA Tis C(ause )/!" is for te bene$t of te Finance *arties on(y! As a
resu(tD no Finance *arty sa(( be %re8ented fro0 ta7ing %roceedings
re(ating to a #is%ute in any oter courts wit Jurisdiction! To te
e4tent a((owed by (awD te Finance *arties 0ay ta7e concurrent
%roceedings in any nu0ber of Jurisdictions!
)/!' &erice of process
;itout %reJudice to any oter 0ode of ser8ice a((owed under any
re(e8ant (awD eac ,b(igor @oter tan an ,b(igor incor%orated in
Eng(and and ;a(esA?
@aA irre8ocab(y a%%oints [te 5orrower]H[ ] as its agent for
ser8ice of %rocess in re(ation to any %roceedings before te
Eng(is courts in connection wit any Finance #ocu0entC and
@bA agrees tat fai(ure by a %rocess agent to notify te re(e8ant
,b(igor of te %rocess wi(( not in8a(idate te %roceedings
concerned!
[Eac [ ] e4%ress(y agrees and consents to te %ro8isions of tis
C(ause )/ !]

This Agreement has been entered into on the date stated at the
beginning of this Agreement.
" 6 1& 6
&"7%4'L% )
T7% #/*(*$AL L%$4%/&
Na0e of ,rigina( Lender Co00it0ent
" 6 1& 6
&"7%4'L% +
"#$4*T*#$& P/%"%4%$T
"! #bligors
@aA A co%y of te constitutiona( docu0ents of eac ,b(igor!
@bA A co%y of a reso(ution of te board of directors of eac ,b(igor?
@iA a%%ro8ing te ter0s ofD and te transactions conte0%(ated byD
te Finance #ocu0ents to wic it is a %arty and reso(8ing tat
it e4ecute te Finance #ocu0ents to wic it is a %artyC
@iiA autorising a s%eci$ed %erson or %ersons to e4ecute te
Finance #ocu0ents to wic it is a %arty on its bea(f[C and] H
[C]
@iiiA autorising a s%eci$ed %erson or %ersonsD on its bea(fD to sign
andHor des%atc a(( docu0ents and notices @inc(udingD if
re(e8antD any -ti(isation ReFuest and 9e(ection NoticeA to be
signed andHor des%atced by it under or in connection wit te
Finance #ocu0ents to wic it is a %arty[!] H [and]
@i8A [in te case of te GuarantorD reso(8ing tat it is in te best
interests of te Guarantor to enter into te transactions
conte0%(ated by te Finance #ocu0ents to wic it is a %artyD
gi8ing reasons!]
@cA A s%eci0en of te signature of eac %erson autorised by te
reso(ution referred to in %aragra% @bA abo8e!
[@aA A co%y of a reso(ution signed by a(( te o(ders of te issued sares in
te GuarantorD a%%ro8ing te ter0s ofD and te transactions
conte0%(ated byD te Finance #ocu0ents to wic te Guarantor is a
%arty!]
@dA A certi$cate fro0 eac ,b(igor @signed by a directorA con$r0ing tat
borrowing or guaranteeingD as a%%ro%riateD te Tota( Co00it0ents
wou(d not cause any borrowingD guaranteeing or si0i(ar (i0it binding
on it to be e4ceeded!
@eA A certi$cate of an autorised signatory of te re(e8ant ,b(igor
certifying tat eac co%y docu0ent re(ating to it s%eci$ed in tis
9cedu(e ' is correctD co0%(ete and in fu(( force and e:ect as at a date
no ear(ier tan te date of tis Agree0ent!
" 6 1& 6
'! Legal opinions
@aA A (ega( o%inion in re(ation to Eng(is (aw fro0 [insert na0e of (aw $r0]
addressed to te ArrangerD te Agent and te [,rigina( Lenders]
"'
[D
substantia((y in te for0 distributed to te ,rigina( Lenders %rior to
signing tis Agree0ent]!
@bA A (ega( o%inion as to [insert (aw of Jurisdiction of incor%oration of
,b(igorD if oter tan Eng(and and ;a(es] fro0 [insert na0e of (aw
$r0] addressed to te ArrangerD te Agent and te [,rigina( Lenders]
")
[D substantia((y in te for0 distributed to te ,rigina( Lenders %rior to
signing tis Agree0ent]!
"+
)! #ther documents and eidence
@aA E8idence tat any %rocess agent referred to in C(ause )/!' @Ser&ice o%
#rocessAD as acce%ted its a%%oint0ent!
@bA A co%y of any oter Autorisation or oter docu0entD o%inion or
assurance wic te Agent considers to be necessary or desirab(e @if it
as noti$ed te 5orrower according(yA in connection wit te entry
into and %erfor0ance of te transactions conte0%(ated by any Finance
#ocu0ent or for te 8a(idity and enforceabi(ity of any Finance
#ocu0ent!
@cA Te ,rigina( Financia( 9tate0ents of eac ,b(igor!
@dA [E8idence tat te feesD costs and e4%enses ten due fro0 te
5orrower %ursuant to C(ause "" @ Fees A and C(ause ". @ "osts and
e/#enses A a8e been %aid or wi(( be %aid by te $rst -ti(isation #ate!]
"'
Consider weter te (ega( o%inion sou(d e4tend to (enders acceding to tis faci(ity
agree0ent as %art of a %ri0ary syndication wic fo((ows signing of te faci(ity agree0ent!
")
Consider weter te (ega( o%inion sou(d e4tend to (enders acceding to tis faci(ity
agree0ent as %art of a %ri0ary syndication wic fo((ows signing of te faci(ity agree0ent!
"+
#u%(icate %aragra% @bA for eac Jurisdiction were an ,b(igor is incor%orated!
" 6 1& 6
&"7%4'L% -
/%<'%&T&
Part *
'tilisation /e=uest
Fro0? [Borro2er ]
To? [Aent ]
#ated?
#ear 9irs
A8orro!erJ K A J ,acility Agreement
dated A J Lthe H,acility AgreementHM
"! ;e refer to te Faci(ity Agree0ent! Tis is a -ti(isation ReFuest!
Ter0s de$ned in te Faci(ity Agree0ent sa(( a8e te sa0e 0eaning
in tis -ti(isation ReFuest!
'! ;e wis to borrow a Loan on te fo((owing ter0s?
*ro%osed -ti(isation #ate? [ ] @orD if tat is not a 5usiness
#ayD te ne4t 5usiness #ayA
A0ount? [ ] orD if (essD te A8ai(ab(e Faci(ity
First Interest *eriod? [ ]
)! ;e con$r0 tat eac condition s%eci$ed in C(ause +!' @Further
conditions #recedentA is satis$ed on te date of tis -ti(isation
ReFuest!
+! Te %roceeds of tis Loan sou(d be credited to [account ]!
.! Tis -ti(isation ReFuest is irre8ocab(e!
Yours faitfu((y
QQQQQQQQQQQQQ
autorised signatory for
[name o% Borro2er ]
" 6 1& 6
Part **
&election $otice
Fro0? [Borro2er ]
To? [Aent ]
#ated?
#ear 9irs
A8orro!erJ - A J ,acility Agreement
dated A J Lthe H,acility AgreementHM
"! ;e refer to te Faci(ity Agree0ent! Tis is a 9e(ection Notice! Ter0s
de$ned in te Faci(ity Agree0ent sa(( a8e te sa0e 0eaning in tis
9e(ection Notice!
'! ;e refer to te fo((owing Loan[s] wit an Interest *eriod ending on [
]
R
!
)! [;e reFuest tat te abo8e Loan[s] be di8ided into [ ] Loans
wit te fo((owing a0ounts and Interest *eriods?]
RR
or
[;e reFuest tat te ne4t Interest *eriod for te abo8e Loan[s] is
[ ]]!
RRR
+! Tis 9e(ection Notice is irre8ocab(e!
Yours faitfu((y
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
autorised signatory for
[name o% Borro2er ]
R
Insert detai(s of a(( Loans wic a8e an Interest *eriod ending on te sa0e date!
R R
-se tis o%tion if di8ision of Loans is reFuested!
R RR
-se tis o%tion if sub6di8ision is not reFuired!
" 6 1& 6
&"7%4'L% .
,#/M #, T/A$&,%/ "%/T*,*"AT%
To? [ ] as Agent
Fro0? [The E/istin Lender ] @te B%xisting LenderBA and [The Ne2 Lender ]
@te B$e! LenderBA
#ated?
A8orro!erJ K A J ,acility Agreement
dated A J Lthe H,acility AgreementHM
"! ;e refer to te Faci(ity Agree0ent! Tis is a Transfer Certi$cate!
Ter0s used in te Faci(ity Agree0ent sa(( a8e te sa0e 0eaning in
tis Transfer Certi$cate!
'! ;e refer to C(ause ')!. @(rocedure %or trans%erA?
@aA Te E4isting Lender and te New Lender agree to te E4isting
Lender transferring to te New Lender by no8ation a(( or %art of
te E4isting LenderEs Co00it0entD rigts and ob(igations
referred to in te 9cedu(e in accordance wit C(ause ')!.
@(rocedure %or trans%erA!
@bA Te %ro%osed Transfer #ate is [ ]!
@cA Te Faci(ity ,Ice and addressD fa4 nu0ber and attention
detai(s for notices of te New Lender for te %ur%oses of C(ause
'3!' @AddressesA are set out in te 9cedu(e!
)! Te New Lender e4%ress(y ac7now(edges te (i0itations on te
E4isting LenderEs ob(igations set out in %aragra%s @aA and @cA of
C(ause ')!+ @Limitation o% res#onsibi!ity o% E/istin LendersA!
+! Te New Lender con$r0s tat it is a BNew LenderB witin te 0eaning
of C(ause ')!" @Assinments and trans%ers by the LendersA!
.! Tis Transfer Certi$cate 0ay be e4ecuted in any nu0ber of
counter%arts and tis as te sa0e e:ect as if te signatures on te
counter%arts were on a sing(e co%y of tis Transfer Certi$cate!
/! Tis Transfer Certi$cate is go8erned by Eng(is (aw!
" 6 1& 6
T7% &"7%4'L%
"ommitmentNrights and obligations to be transferred
Transfer 4etailsG
Nature? [insert descri#tion o% %aci!ity)ies* trans%erred]
Fina( Maturity? [ ]
Participation Transferred
Co00it0ent Transferred
#rawn A0ount? [ ]
-ndrawn A0ount? [ ]
Administration 4etails?
New LenderNs Recei8ing Account? [ ]
Address? [ ]
Te(e%one? [ ]
Facsi0i(e? [ ]
AttnHRef? [ ]
[E4isting Lender] [New Lender]
5y? 5y?
Tis Transfer Certi$cate is acce%ted by te Agent and te Transfer #ate is
con$r0ed as [ ]!
[Agent]
5y?
" 6 1& 6
&"7%4'L% 0
,#/M #, "#MPL*A$"% "%/T*,*"AT%
To? [ ] as Agent
Fro0? [Borro2er ]
#ated?
#ear 9irs
A8orro!erJ K A J ,acility Agreement
dated A J Lthe H,acility AgreementHM
"! ;e refer to te Faci(ity Agree0ent! Tis is a Co0%(iance Certi$cate!
Ter0s used in te Faci(ity Agree0ent sa(( a8e te sa0e 0eaning in
tis Co0%(iance Certi$cate!
'! ;e con$r0 tat? [Insert detai(s of co8enants to be certi$ed inc(uding
ca(cu(ations]
)! [;e con$r0 tat no #efau(t is continuing!]

9igned? Q!!!!!!!!!!!! Q!!!!!!!!!!!!
#irector #irector
of of
[Borro2er] [Borro2er]
[insert a##!icab!e certi$cation !anuae ]
RR
Q!!!!!!!!!!!!!!!!!!
for and on bea(f of
[name o% auditors o% the Borro2er]
RRR

If tis state0ent cannot be 0adeD te certi$cate sou(d identify any #efau(t tat is
continuing and te ste%sD if anyD being ta7en to re0edy it!
R R
To be agreed wit te 5orrowerEs auditors and te Lenders %rior to signing te
Agree0ent!
R RR
,n(y a%%(icab(e if te Co0%(iance Certi$cate acco0%anies te audited $nancia(
state0ents and is to be signed by te auditors! To be agreed wit te 5orrowerEs
auditors %rior to signing te Agree0ent!
" 6 1& 6
&"7%4'L% 1
%C*&T*$( &%"'/*T>
Na0e of ,b(igor 9ecurity Tota( *rinci%a( A0ount
of Indebtedness
9ecured
" 6 1& 6
&"7%4'L% 2
T*M%TA8L%&
)0
#e(i8ery of a du(y co0%(eted
-ti(isation ReFuest @C(ause .!"
@'e!i&ery o% a Uti!isation
Re-uestA or a 9e(ection Notice
@C(ause 3!" @Se!ection o%
Interest (eriodsAA
Agent noti$es te Lenders of
te Loan in accordance wit
C(ause .!+ @Lenders.
#artici#ationA
[LI5,R]H[E-RI5,R] is $4ed [=uotation
#ay as of
""?&& a!0!
London
ti0e]
"/
H
[=uotation
#ay as of
""!&& a!0!
5russe(s
ti0e]
"1
".
Coose te ti0etab(e a%%(icab(e for te currency of te Loan!
"/
Insert if te interest rate for te Loan is deter0ined by reference to LI5,R!
"1
Insert if te interest rate for te Loan is deter0ined by reference to E-RI5,R!
" 6 1& 6
&*($AT'/% PA(%
A4o not sho! addresses or contact details of LendersJ
" 6 1& 6