Facility Agreement German

Facility Agreement German

These documents (for which the context allows, text, content, tables with macros and electronic interfaces, as well as their underlying assumptions, conversions, formulas, algorithms, calculations and other mathematical and financial techniques) are made available to members of the Credit Market Association, in accordance with the statutes of the Credit Market Association (a copy of which is available here) to facilitate the documentation of transactions in the credit markets. None of the Loan Market Association, Allen-Overy or Clifford Chance assumes any responsibility for any use of these materials or any loss, damage or liability resulting from such use. None of the Loan Market Association, Allen-Overy or Clifford Chance has considered the laws of a jurisdiction that may apply to any of the parties to an agreement using these materials and its purpose. Members should therefore consider all relevant legal, accounting and regulatory issues before using these materials or entering into a transaction in connection with these materials and, if necessary, consulting with their professional advisors. The process of financing an acquisition financed by priority bank debt, in addition to the necessary portion of (almost) equity, can generally be divided into three phases: the process usually begins with a timetable that summarizes at least the fundamental economic conditions of the proposed financing. On the basis of the timetable, the agreement is prepared, negotiated and signed. On the reference date, the bank (or banking consortium) makes available the funds for the payment of the purchase price after the terms of the facility contract have been met or cancelled. The maturity sheets range from short shapes of a few pages that include basic economic concepts such as. B the nature and level of facilities, interest rates and maturity profiles, up to forms more than 50 pages long, which foreshadow almost all the details of the facility agreement.

B, such as mandatory advances, market disruptions, tax revenue increases, costs. , representations and guarantees, disclosure obligations, financial commitments, general obligations, insolvency events, transfer conditions, subsequent terms and conditions, transaction security and management and execution of the transaction guarantee.


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