Bridge Loan Term Sheet Template for Nigeria

1. Parties: Identification of the Lender(s) and Borrower(s), including their legal names and addresses

2. Background: Brief context of the bridge financing requirement and its purpose

3. Key Terms: Core financial terms including facility amount, interest rate, maturity date, and purpose

4. Security and Collateral: Overview of security package and any guarantees required

5. Conditions Precedent: Key conditions that must be satisfied before drawdown

6. Repayment Terms: Repayment schedule, prepayment provisions, and exit mechanisms

7. Fees and Expenses: All applicable fees including arrangement fees, commitment fees, and cost coverage

8. Covenants: Key financial and operational covenants

9. Events of Default: Summary of main events of default

10. Governing Law: Specification of Nigerian law as governing law

11. Binding Effect: Statement regarding whether the term sheet is binding or non-binding

1. Term Summary: Summary table of key commercial terms

2. Security Package Overview: Detailed list of proposed security and collateral

3. Fee Schedule: Detailed breakdown of all applicable fees

4. Conditions Precedent Checklist: Detailed list of required conditions precedent

5. Required Documentation: List of documents required for closing

6. Timetable: Proposed timeline for documentation and closing