Common Contracts
2 similar Facility Agreement contracts by Hoegh LNG Partners LP
SRV JOINT GAS LTD. as Borrower arranged by MIZUHO BANK, LTD. SMBC BANK EU AG as Original Mandated Lead Arrangers with MIZUHO BANK, LTD. as Agent MIZUHO BANK, LTD. as Security Agent MIZUHO BANK, LTD. SMBC BANK EU AG as Hedging Coordinators MIZUHO BANK,...Facility Agreement • April 25th, 2022 • Hoegh LNG Partners LP • Water transportation • England
Clause Page Section 1 - Interpretation 1 1 Definitions and interpretation 1 Section 2 - The Facility 31 2 The Facility 31 3 Purpose 31 4 Conditions of Utilisation 31 Section 3 - Utilisation 33 5 Utilisation 33 Section 4 - Repayment, Prepayment and Cancellation 34 6 Repayment 34 7 Illegality, prepayment and cancellation 34 8 Restrictions 38 Section 5 - Costs of Utilisation 40 9 Interest 40 10 Interest Periods 41 11 Changes to the calculation of interest 41 12 Fees 42 Section 6 - Additional Payment Obligations 44 13 Tax gross-up and indemnities 44 14 Increased Costs 49 15 Other indemnities 50 16 Mitigation by the Lenders 53 17 Costs and expenses 53 Section 7 - Representations, Undertakings and Events of Default 56 18 Representations 56 19 Information undertakings 63 20 Financial covenants 66 21 General undertakings 66 22 Dealings with Ship 70
with COMMONWEALTH BANK OF AUSTRALIA as Hedging Co-ordinator COMMONWEALTH BANK OF AUSTRALIA as Agent CBA CORPORATE SERVICES (NSW) PTY LTD as Security Agent FACILITY AGREEMENT for $160,000,000 Loan FacilityFacility Agreement • March 12th, 2021
Contents ClauseSection 1 - Interpretation Page1 1 Definitions and interpretation 1 Section 2 - The Facility 23 2 The Facility 23 3 Purpose 23 4 Conditions of Utilisation 23 Section 3 - Utilisation 25 5 Utilisation 25 Section 4 - Repayment, Prepayment and Cancellation 26 6 Repayment 26 7 Illegality, prepayment and cancellation 26 Section 5 - Costs of Utilisation 30 8 Interest 30 9 Interest Periods 30 10 Changes to the calculation of interest 31 11 Fees 32 Section 6 - Additional Payment Obligations 33 12 Tax gross-up and indemnities 33 13 Increased Costs 36 14 Other indemnities 37 15 Mitigation by the Lenders 40 16 Costs and expenses 40 Section 7 - Representations, Undertakings and Events of Default 42 17 Representations 42 18 Information undertakings 47 19 Financial covenants 51 20 General undertakings 52
