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1. Parties: Identification of the Lender, Borrower, and any Guarantors
2. Background: Context of the loan, including brief description of the construction project and purpose of the facility
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Details of the loan amount, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before loan disbursement, including construction-specific requirements
6. Drawdown Procedures: Process and requirements for drawing down the loan, including construction milestone-linked disbursements
7. Interest and Fees: Interest rate, calculation methods, and all applicable fees
8. Repayment Terms: Repayment schedule, methods, and prepayment provisions
9. Security: Details of all security arrangements, including property mortgage and other collateral
10. Construction Obligations: Borrower's obligations regarding construction timeline, standards, and approvals
11. Representations and Warranties: Standard and construction-specific representations and warranties
12. Covenants: Positive and negative covenants, including construction-related undertakings
13. Events of Default: Circumstances constituting default and consequences
14. Monitoring and Reporting: Requirements for progress reports and lender's inspection rights
15. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Insurance: Detailed insurance requirements if not covered in covenants - used for larger construction projects
2. Environmental Compliance: Specific environmental obligations - required for environmentally sensitive projects
3. Force Majeure: Force majeure provisions - important for longer-term construction projects
4. Step-In Rights: Lender's rights to take over project - used for larger commercial projects
5. Multiple Lenders: Syndication provisions - needed when multiple lenders are involved
6. Contractor Direct Agreement: Direct agreements with main contractors - used for larger projects
7. Foreign Currency Provisions: Required when loan is in foreign currency or involves international parties
1. Schedule 1 - Property Description: Detailed description of the construction property and title documents
2. Schedule 2 - Construction Plans: Approved construction plans and specifications
3. Schedule 3 - Construction Timeline: Detailed construction schedule with milestones
4. Schedule 4 - Drawdown Schedule: Schedule of planned drawdowns linked to construction milestones
5. Schedule 5 - Form of Drawdown Notice: Template for drawdown requests
6. Schedule 6 - Required Permits: List of required construction and development permits
7. Schedule 7 - Security Documents: Forms of security documents and collateral details
8. Schedule 8 - Insurance Requirements: Detailed insurance requirements and minimum coverage
9. Appendix A - Conditions Precedent Documents: List of required documents for initial and subsequent drawdowns
10. Appendix B - Form of Progress Report: Template for construction progress reports
Applicable Law
Approved Construction Plans
Architect
Availability Period
Bill of Quantities
Borrower
Building Permit
Business Day
Certificate of Completion
Certificate of Occupancy
Collateral
Completion Date
Construction Budget
Construction Contract
Construction Documents
Construction Period
Construction Phase
Construction Schedule
Contractor
Conditions Precedent
Cost Overrun
Default Interest
Default Rate
Development Permit
Drawdown
Drawdown Date
Drawdown Notice
Drawdown Period
Environmental Laws
Event of Default
Facility
Final Completion
Finance Documents
Financial Indebtedness
Force Majeure
Governor's Consent
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Land Use Act
Legal Opinion
Lender
Loan
Material Adverse Effect
Material Project Documents
Milestone
Mortgage
Naira
Payment Date
Permitted Security Interest
Planning Permission
Project
Project Costs
Project Documents
Project Manager
Property
Quantity Surveyor
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Site
Substantial Completion
Technical Advisor
Title Documents
Valuation Report
Work Schedule
Interest and Fees
Drawdown
Repayment
Security
Conditions Precedent
Construction Requirements
Project Monitoring
Representations and Warranties
Covenants
Events of Default
Payment Mechanics
Cost and Expenses
Tax Provisions
Insurance
Environmental Compliance
Health and Safety
Force Majeure
Assignment and Transfer
Confidentiality
Notices
Amendments and Waivers
Governing Law
Dispute Resolution
Severability
Construction Schedule
Technical Requirements
Quality Control
Site Access
Permits and Approvals
Contractor Obligations
Property Rights
Title and Ownership
Completion Requirements
Progress Reports
Cost Control
Disbursement Conditions
Security Enforcement
Default Remedies
Indemnification
Termination Rights
Banking & Finance
Real Estate
Construction
Infrastructure Development
Commercial Property
Residential Development
Industrial Development
Healthcare Facilities
Educational Institutions
Hospitality
Retail Development
Legal
Finance
Risk & Compliance
Project Management
Construction Management
Credit & Underwriting
Property Development
Technical Services
Commercial
Operations
Chief Financial Officer
Legal Counsel
Project Finance Manager
Construction Manager
Risk Manager
Credit Officer
Property Development Manager
Facility Manager
Commercial Director
Project Director
Compliance Officer
Technical Director
Finance Director
Construction Finance Specialist
Real Estate Manager
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