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1. Parties: Identifies the lender, borrower, and any guarantors or security providers
2. Background: Sets out the context of the mezzanine financing and its relationship to senior debt
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles
4. The Facility: Details the amount, purpose, and nature of the mezzanine facility
5. Conditions Precedent: Lists conditions that must be satisfied before drawdown
6. Drawdown: Specifies drawdown mechanics, notice requirements, and availability periods
7. Interest and Fees: Details interest rates, payment dates, PIK interest provisions, and all applicable fees
8. Repayment and Prepayment: Sets out repayment terms, mandatory and voluntary prepayment provisions
9. Security: Describes security arrangements and their priority
10. Subordination: Establishes the subordinated nature of the debt and relationship with senior debt
11. Representations and Warranties: Contains standard and transaction-specific representations
12. Undertakings: Sets out positive and negative covenants
13. Events of Default: Lists circumstances constituting default and consequences
14. Changes to Parties: Covers assignment, transfer, and syndication provisions
15. Administration: Contains notice provisions, calculations, and other administrative matters
16. Governing Law and Enforcement: Specifies governing law and enforcement mechanisms
1. Conversion Rights: Required if the mezzanine loan includes rights to convert debt to equity
2. Warrants: Include if warrants are part of the financing package
3. Intercreditor Provisions: Required if not covered in a separate intercreditor agreement
4. Equity Kickers: Include if the financing includes equity participation rights
5. Tax Gross-Up and Indemnities: Include detailed tax provisions if cross-border elements exist
6. Increased Costs and Illegality: Include if required by lender's policy or regulatory requirements
7. Parent Company Guarantee: Include if upstream guarantees are part of the security package
8. Financial Covenants: Include if specific financial covenants are required beyond those in senior facility
1. Initial Conditions Precedent: Detailed list of required conditions precedent documents
2. Form of Drawdown Request: Template for borrower to request drawdown
3. Calculation of Interest: Detailed provisions for interest calculations including PIK mechanisms
4. Form of Transfer Certificate: Template for transferring loan participations
5. Security Documents: List and copies of all security documents
6. Conversion Mechanics: Detailed procedures for implementing any conversion rights
7. Disclosure Schedule: Borrower's disclosures against representations and warranties
8. Repayment Schedule: Schedule of repayment dates and amounts if amortizing
9. Financial Covenants Calculations: Formulas and definitions for financial covenant calculations
Account Bank
Additional Obligor
Affiliate
Approved Purpose
Availability Period
Break Costs
Business Day
Calculation Date
Cash Interest
Change of Control
Commitment
Compliance Certificate
Conversion Notice
Conversion Rights
Default
Default Interest Rate
Defaulting Lender
Disposal
Disruption Event
Distribution
Drawdown Date
Drawdown Notice
Enforcement Action
Environmental Law
Event of Default
Facility
Facility Office
Fee Letter
Finance Document
Finance Party
Financial Close
Financial Indebtedness
Financial Statements
Financial Year
Group
Guarantee
Hedging Agreement
Holding Company
Increased Costs
Insolvency Event
Insurance Proceeds
Intercreditor Agreement
Interest Payment Date
Interest Period
Legal Reservation
Margin
Material Adverse Effect
Mezzanine Discharge Date
Mezzanine Finance Documents
Obligor
Original Financial Statements
Payment Date
Permitted Disposal
Permitted Distribution
Permitted Financial Indebtedness
Permitted Security Interest
PIK Interest
Potential Event of Default
PPSA
PPSA Security Interest
Qualifying Lender
Quotation Day
Reference Banks
Relevant Market
Repayment Date
Repeating Representations
Secured Money
Secured Party
Security
Security Documents
Security Interest
Security Provider
Security Trust
Security Trust Deed
Senior Debt
Senior Discharge Date
Senior Finance Documents
Senior Lender
Subordinated Debt
Subsidiary
Tax
Total Commitments
Transaction Documents
Transaction Security
Transfer Certificate
Trust
Trust Deed
Warranty Breach
Conditions Precedent
Utilisation
Interest Provisions
PIK Interest
Fees
Repayment
Prepayment
Cancellation
Security
Subordination
Conversion Rights
Ranking
Tax Gross-Up
Increased Costs
Representations
Information Covenants
Financial Covenants
General Undertakings
Property Undertakings
Events of Default
Changes to Parties
Payment Mechanics
Set-Off
Notices
Calculations
Amendments
Confidentiality
Counterparts
Severability
Governing Law
Enforcement
Jurisdiction
Service of Process
Indemnities
Currency
Assignments and Transfers
Accession
Agency Provisions
Security Trust
Intercreditor Provisions
Release Provisions
Default Interest
Market Disruption
Anti-Money Laundering
PPSA Provisions
Guarantee and Indemnity
Real Estate Development
Infrastructure
Mining and Resources
Private Equity
Manufacturing
Technology Scale-ups
Healthcare
Renewable Energy
Commercial Property
Retail Development
Hospitality
Agricultural Business
Legal
Finance
Treasury
Corporate Development
Risk Management
Compliance
Credit
Investment
Corporate Banking
Portfolio Management
Chief Financial Officer
Finance Director
Treasury Manager
Corporate Lawyer
Legal Counsel
Investment Manager
Credit Risk Manager
Corporate Banking Manager
Debt Fund Manager
Private Equity Manager
Financial Controller
Compliance Officer
Company Secretary
Investment Director
Portfolio Manager
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