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1. Parties: Identification of the lender(s), borrower(s), and any guarantors or other key parties
2. Background: Description of the project, purpose of the facility, and context of the financing
3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation
4. The Facility: Details of the loan amount, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before drawdown, including technical, legal, and financial requirements
6. Drawdown: Procedures and requirements for loan disbursement
7. Interest: Interest rate, calculation methods, payment periods, and default interest provisions
8. Repayment: Repayment schedule, prepayment provisions, and mandatory prepayment events
9. Project Accounts: Structure and operation of project accounts, including revenue accounts and reserve accounts
10. Security: Description of security package and enforcement rights
11. Representations and Warranties: Standard and project-specific representations and warranties
12. Covenants: Positive, negative, and financial covenants specific to project finance
13. Project Undertakings: Specific undertakings related to project construction, operation, and maintenance
14. Events of Default: Circumstances constituting default and consequences
15. Changes to Parties: Transfer and assignment provisions
16. Administration: Administrative provisions including notices and calculations
17. Governing Law and Jurisdiction: Choice of Nigerian law and jurisdiction provisions
1. Islamic Finance Provisions: Required when the financing needs to be Sharia-compliant
2. Intercreditor Provisions: Needed when multiple lenders or classes of debt are involved
3. Political Risk Insurance: Required for projects with significant political risk exposure
4. Local Content Requirements: Needed for projects in sectors with specific Nigerian local content requirements
5. Environmental and Social Requirements: Detailed provisions required for projects with significant environmental or social impact
6. Offshore Account Provisions: Required when project involves offshore accounts or foreign currency handling
7. Direct Agreements: Needed when step-in rights are required with key project contract counterparties
8. Export Credit Agency Provisions: Required when export credit agencies are involved in the financing
1. Form of Drawdown Request: Standard form for requesting loan disbursements
2. Conditions Precedent Documents: Detailed list of required CP documents
3. Project Description: Detailed technical description of the project
4. Financial Model: Base case financial model and assumptions
5. Form of Construction Report: Template for construction progress reporting
6. Form of Operating Report: Template for operational performance reporting
7. Insurance Requirements: Detailed specification of required insurance coverage
8. Security Documents: Forms of security documents and perfection requirements
9. Project Contracts: List and copies of material project contracts
10. Repayment Schedule: Detailed amortization schedule
11. Financial Covenants Calculations: Methodology for calculating financial ratios
12. Form of Compliance Certificate: Template for periodic compliance certification
Advance
Affiliate
Approved Budget
Availability Period
Base Case Financial Model
BOFIA
Borrower
Business Day
Central Bank of Nigeria
Change of Control
Completion Date
Compliance Certificate
Conditions Precedent
Construction Contract
Construction Period
Debt Service Coverage Ratio
Debt Service Reserve Account
Default
Default Interest
Disruption Event
Distribution
Drawdown
Drawdown Date
Drawdown Request
Environmental Laws
Environmental Permits
Event of Default
Facility
Facility Agent
Facility Office
Fee Letter
Final Maturity Date
Finance Documents
Finance Parties
Financial Close
Financial Indebtedness
Financial Model
Financial Statements
Force Majeure Event
Good Industry Practice
Governmental Authority
Guarantor
Hedge Agreement
Independent Engineer
Insurance
Insurance Advisor
Insurance Proceeds
Interest Payment Date
Interest Period
Interest Rate
Lender
LIBOR
Loan
Local Content Requirements
Majority Lenders
Major Project Documents
Margin
Material Adverse Effect
Naira
O&M Agreement
O&M Contractor
Offshore Account
Operating Budget
Operating Period
Original Financial Statements
Party
Perfection Requirements
Permitted Disposal
Permitted Distribution
Permitted Financial Indebtedness
Permitted Security
Project
Project Accounts
Project Assets
Project Contracts
Project Costs
Project Documents
Project Site
Relevant Jurisdiction
Repayment Date
Repayment Installment
Repeating Representations
Required Insurance
Reserve Accounts
Revenue Account
Security
Security Documents
Security Trustee
Sponsor
Subsidiary
Tax
Technical Advisor
Technical Description
Term
Transaction Documents
Transfer Certificate
USD
Conditions Precedent
Utilization
Interest
Repayment
Prepayment
Project Accounts
Security
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Project Undertakings
Environmental Compliance
Local Content Requirements
Insurance
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Force Majeure
Anti-corruption
Sanctions Compliance
Tax Provisions
Currency Provisions
Account Management
Construction Requirements
Operating Requirements
Technical Requirements
Dispute Resolution
Governing Law
Assignment and Transfer
Intercreditor Provisions
Cost and Expenses
Indemnities
Agency Provisions
Security Trustee Provisions
Project Monitoring
Reporting Requirements
Material Adverse Change
Change of Control
Permitted Disposals
Distribution Rights
Reserve Requirements
Infrastructure
Power Generation
Oil & Gas
Telecommunications
Mining
Transportation
Real Estate Development
Manufacturing
Agricultural Processing
Renewable Energy
Healthcare Infrastructure
Water Treatment
Port Development
Industrial Parks
Legal
Finance
Treasury
Risk Management
Compliance
Project Management
Credit
Operations
Technical
Environmental
Commercial
Investment Banking
Corporate Finance
Chief Financial Officer
Finance Director
Project Finance Manager
Legal Counsel
Corporate Lawyer
Investment Officer
Risk Manager
Project Manager
Commercial Director
Treasury Manager
Compliance Officer
Credit Risk Officer
Investment Banker
Transaction Advisory Manager
Environmental Compliance Manager
Technical Director
Operations Director
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