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1. Parties: Identification of all contracting parties including project company, lenders, sponsors, and any government entities
2. Background: Context of the project, purpose of the financing, and brief description of the project structure
3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation
4. Facility and Purpose: Details of the credit facility, loan amount, and permitted uses of the financing
5. Conditions Precedent: Prerequisites that must be satisfied before drawdown of the facility
6. Drawdown Mechanics: Procedures and requirements for drawing down the loan facility
7. Repayment Terms: Schedule and mechanics of loan repayment, including prepayment provisions
8. Interest and Fees: Interest calculation, payment periods, and applicable fees
9. Security Structure: Details of security package and collateral arrangements
10. Representations and Warranties: Standard and project-specific representations and warranties
11. Covenants: Positive, negative, and financial covenants applicable to the project
12. Events of Default: Circumstances constituting default and consequences
13. Project Documents: Key project contracts and their requirements
14. Accounts and Cash Flow: Project account structure and cash flow waterfall
15. Governing Law and Jurisdiction: Choice of Nigerian law and jurisdiction provisions
16. Dispute Resolution: Procedures for resolving disputes
17. Miscellaneous: Standard boilerplate provisions including notices, amendments, and assignments
1. Government Support: Required when project involves government guarantees or support mechanisms
2. Environmental and Social Requirements: Detailed when project has significant environmental or social impact requirements
3. Insurance: Detailed insurance requirements section when project requires specific insurance coverage
4. Direct Agreements: When step-in rights are required with key project contract counterparties
5. Political Risk Protection: When specific political risk mitigations are required
6. Local Content Requirements: When project must comply with Nigerian local content laws
7. Export Credit Agency Provisions: When export credit agency financing is involved
8. Multilateral Agency Requirements: When multilateral development banks are involved in financing
1. Schedule 1 - Definitions: Detailed definitions and technical terms
2. Schedule 2 - Conditions Precedent: Detailed list of required conditions precedent documents
3. Schedule 3 - Drawdown Request Form: Template for drawdown requests
4. Schedule 4 - Repayment Schedule: Detailed loan repayment schedule
5. Schedule 5 - Project Documents: List and copies of key project documents
6. Schedule 6 - Security Documents: List and forms of security documents
7. Schedule 7 - Financial Model: Agreed financial model and assumptions
8. Schedule 8 - Construction Schedule: Detailed construction milestones and timeline
9. Schedule 9 - Insurance Requirements: Detailed insurance specifications
10. Schedule 10 - Environmental and Social Action Plan: Environmental and social compliance requirements
11. Schedule 11 - Form of Compliance Certificate: Template for periodic compliance reporting
12. Schedule 12 - Account Structure: Detailed project account structure and operations
13. Appendix A - Technical Specifications: Detailed technical requirements for the project
14. Appendix B - Performance Standards: Required performance metrics and standards
Account Bank
Account Control Agreement
Affiliate
Applicable Law
Authorised Representative
Available Commitment
Base Case Financial Model
Borrower
Business Day
CBN
Change in Law
Commercial Operation Date
Commitment
Completion Date
Compliance Certificate
Construction Contract
Construction Period
Default
Default Interest
Default Rate
Debt Service Coverage Ratio
Debt Service Reserve Account
Direct Agreement
Disbursement
Distribution
Drawdown
Drawdown Date
Drawdown Notice
Effective Date
Environmental Laws
Environmental Permits
Event of Default
Facility
Facility Agent
Facility Agreement
Facility Office
Final Maturity Date
Finance Documents
Finance Parties
Financial Close
Financial Indebtedness
Financial Model
Financial Year
Force Majeure Event
Good Industry Practice
Government Authority
Hedging Agreement
Independent Engineer
Insurance Advisor
Insurance Proceeds
Interest Payment Date
Interest Period
Legal Reservation
Lenders
LIBOR
Loan
Majority Lenders
Material Adverse Effect
Naira
O&M Agreement
O&M Contractor
Offshore Account
Operating Budget
Operating Costs
Operating Period
Original Financial Statements
Permitted Security Interest
Project
Project Accounts
Project Agreements
Project Assets
Project Company
Project Completion
Project Costs
Project Documents
Project Site
Prudent Operating Practice
Repayment Date
Repayment Schedule
Required Insurance
Reserve Accounts
Revenue Account
Security
Security Documents
Security Interest
Security Trustee
Shareholders
Sponsor
Subsidiary
Tax
Technical Advisor
Technical Description
Term
Transaction Documents
Transfer Certificate
USD
Facility
Purpose
Conditions Precedent
Drawdown
Interest
Fees
Repayment
Prepayment
Tax Gross-up
Increased Costs
Security
Project Accounts
Representations and Warranties
Information Covenants
Financial Covenants
General Undertakings
Project Undertakings
Environmental and Social
Insurance
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Governing Law
Enforcement
Force Majeure
Dispute Resolution
Assignment and Transfer
Indemnities
Costs and Expenses
Severability
Counterparts
Third Party Rights
Agency Provisions
Security Trustee Provisions
Direct Agreements
Political Risk
Change in Law
Government Support
Local Content
Technical Requirements
Construction Obligations
Operating Requirements
Completion Tests
Performance Standards
Step-in Rights
Infrastructure
Energy and Power
Oil and Gas
Transportation
Mining
Telecommunications
Real Estate Development
Manufacturing
Agriculture
Healthcare
Water and Waste Management
Legal
Finance
Treasury
Risk Management
Compliance
Project Development
Corporate Finance
Technical
Environmental and Social
Operations
Strategy
Investment
Chief Financial Officer
Finance Director
Project Finance Manager
Legal Counsel
Project Director
Risk Manager
Treasury Manager
Compliance Officer
Investment Officer
Corporate Finance Manager
Project Development Manager
Infrastructure Finance Specialist
Senior Loan Officer
Transaction Advisory Manager
Environmental and Social Specialist
Technical Director
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