Umowa kredytowa 2

Costs incurred when a loan is repaid early. E.g., The borrower must pay break costs if applicable.

Cannot be withdrawn or changed. E.g., The prepayment notice is irrevocable.

All documents related to the financing (loan agreement, hedging, etc.). E.g., All receivables under the Finance Documents must be paid.

Drawing again from a facility after repayment. E.g., The borrower may not re-borrow prepaid amounts.

A legal phrase meaning "not affecting other rights or clauses." E.g., Without prejudice to other provisions, no fee applies.

A repayment required by the agreement, not voluntary. E.g., Triggered by breach or asset sale.

The agreed lending amounts from each Lender. E.g., Cancelled Commitments cannot be reinstated.

Brought back into effect. E.g., Cancelled commitments may not be reinstated.

Lenders impacted by a notice or event. E.g., The Agent must notify affected Lenders.

Fixed percentage added to the base rate. E.g., The interest rate is EURIBOR + 3.00% margin.

Reference interest rates for EUR and PLN loans. E.g., EURIBOR is used for euro-denominated loans.

Scheduled date for paying interest. E.g., Interest is due quarterly on each Interest Payment Date.

Account used to manage project cashflows. E.g., The Agent may debit the Control Account for unpaid interest.

Unused portion of the loan facility. E.g., Interest may be paid from the Available Commitment.

Additional equity beyond the minimum required. E.g., Used to cover interest if other sources are insufficient.

Grants permanent permission. E.g., The Borrower irrevocably authorizes the Agent to debit accounts.

Amount not paid by its due date. E.g., Interest accrues on the overdue amount.

Does not limit or affect other rights. E.g., Without prejudice to other remedies.

Legal rules that cannot be overridden by contract. E.g., Maximum interest rate limits.

A formal decision by a court. E.g., Interest accrues before and after judgment.

A breach of contract triggering lender rights. E.g., Breach of financial covenants.

Additional percentage added to the base margin. E.g., Margin increases by 2% in default.

The time span for which interest is calculated. E.g., Each Interest Period ends on the last Business Day of the quarter.

The date on which a loan is drawn. E.g., The first Interest Period starts on the Utilisation Date.

The last date by which the loan must be repaid. E.g., The last Interest Period ends on the Final Repayment Date.

A day on which banks are open for business. E.g., Interest is paid on the last Business Day of the quarter.

Ensures no overlap between periods. E.g., Each Interest Period starts the day after the previous one ends.

Published reference rate (e.g., EURIBOR) displayed on a screen. E.g., If the Screen Rate is unavailable, fallback applies.

Contractual rules for replacing unavailable reference rates. E.g., Schedule 7 contains fallback provisions.

Document showing how break costs were calculated. E.g., Each Lender must provide a certificate upon request.

One-time fee for arranging the loan. E.g., The Borrower shall pay an arrangement fee of 0.90%.

The lender who initially committed to the facility. E.g., The fee is payable to the Original Lender.

Payable even if the facility is cancelled. E.g., The fee is due irrespective of cancellation.

Fee for undrawn but committed funds. E.g., 0.30% p.a. on Available Commitment.

Fee for repaying a loan early. E.g., 1.00% applies if repaid from non-Investment Facility funds.

A portion of a loan facility. E.g., Each Development Facility Tranche may have separate terms.

The same calendar date in a later year. E.g., The second anniversary is two years after drawdown.

Fee for managing and administering the loan. E.g., 0.15% p.a. on disbursed amounts.

Funds that have been drawn by the borrower. E.g., The fee is based on disbursed amounts.

A situation where fulfilling obligations becomes unlawful.

Legal rules that cannot be overridden by contract.

A change in ownership or decision-making authority.

Sale or transfer of assets.

Fees incurred due to early repayment of a loan.

The unused portion of a lender’s commitment.

A legally permitted delay before enforcement.

To repay a loan before its scheduled due date.

Funds received from an insurance claim.

Dedicated account for receiving insurance payouts.

Insurance covering liability to third parties.

Actions to restore damaged assets.

Using funds to mitigate the impact of damage.

Lease contracts continue to be valid and binding.

Subject to the Agent’s decision.

Required early repayment triggered by specific events.

Early repayment initiated by the Borrower.

Compensation for the lender due to early repayment.

A contractual fee charged for repaying early.

Entire loan or a portion of it.

The smallest allowed amount and its increments.

All listed conditions must be met together.

To formally inform the Agent in advance.

A party that has a legal obligation to pay or perform under a contract. E.g., The Obligor must repay the loan in full.

A party that provides funds under a loan agreement. E.g., Each Lender has a separate commitment.

A clause requiring the borrower to increase payments to cover taxes or deductions. E.g., If tax is withheld, the borrower must gross-up the payment.

Compensation for loss or damage. E.g., The Lender requested indemnification for regulatory costs.

The amount a Lender agrees to lend. E.g., The Lender’s Commitment was €10 million.

The portion of the loan held by a specific Lender. E.g., The Borrower repaid the Lender’s participation.

The scheduled date for paying interest. E.g., Interest is due on each Interest Payment Date.

A fee charged for repaying a loan early. E.g., No prepayment fee applies under Clause 7.6.

A timetable showing when loan repayments are due. E.g., The updated Repayment Schedule reflects the prepayment.

Paying off a loan earlier than scheduled. E.g., The borrower made a partial prepayment.

In proportion to each party’s share. E.g., The prepayment was applied pro rata to all lenders.

Starting from the latest due date. E.g., Prepayments reduce the balloon payment first.

A large final payment due at the end of a loan term. E.g., The balloon instalment is repaid first in prepayments.

A formal request by the Borrower to draw funds under the Facility.

The time frame during which the Borrower may request disbursements.

Filled out correctly and in accordance with the agreement.

Cannot be withdrawn or cancelled once submitted.

Provided together with required documents or evidence.

Invoices that meet the criteria set out in the agreement.

Details for transferring funds to a specified bank account.

Documentation confirming that an expense has been paid.

The amount excluding VAT or other taxes.

The current exchange rate used by the lender for conversions.

The unused portion of the lender’s commitment under the Facility.

The date on which the loan is disbursed.

The main account used for receiving disbursed funds.

Funds sent directly to the specified account without intermediaries.

Combined into a single loan or financial obligation.

The portion of the loan each lender is responsible for funding.

The share of responsibility or funding based on commitment.

A scheduled payment including principal and interest.

A large final payment due at the end of the loan term.

Interest that has accumulated but not yet been paid.

An account from which the Agent may debit unpaid amounts.

Grants permanent permission that cannot be withdrawn.

Adjusted based on the length of the period.

A timetable showing when and how loan payments are due.

VAT amounts refunded by tax authorities.

Funds credited to an account and available for use.

To borrow again after repayment, if permitted.

To legally end the contract.

Funds or commitments that have not been drawn.

Amounts the lender agrees to make available.

Indicates a binding obligation to use funds or provisions in a specified way.

To legally pursue or compel compliance with contractual rights.

Acting individually, not jointly with others.

Unless explicitly stated otherwise in the agreement.

Phrase used to clarify and prevent misinterpretation.

Any financial obligation created by the credit agreement.

Rights that can be exercised individually by each lender.

When a lender does not fulfill its contractual duties.

Each party is responsible only for its own obligations.

A credit facility that allows repeated borrowing up to a limit.

The lender has full freedom to decide, without obligation.

Refers to provisions or amounts previously mentioned.

Composed of specific elements or parts.

Dependent on the conditions outlined in the agreement.

Granted the legal tools to enforce rights or claims.

Legally capable of being enforced in court.

In a manner consistent with what has been stated.

Removal of legal responsibility for a party.

To compensate for loss or protect against liability.

When something suggests the opposite of the default interpretation.

A legal statement allowing creditors to enforce claims without court proceedings.

Relating to money; e.g., pecuniary claims under lease agreements.

Obligations backed by collateral, such as mortgages or pledges.

Liabilities that may arise depending on future events.

The practicality or viability of a project or plan.

The degree to which data or statements are correct and precise.

Clauses or terms in a legal document.

The formal transfer of possession or responsibility.

A concise overview of the most important matters in a report or agreement.

Timely execution or delivery without postponements.

Alignment of actual progress with planned milestones.

Legal commitments by a company to cover obligations of another entity.

The act of evading obligations or risks.

A phrase used to clarify and prevent misinterpretation.

A future event or circumstance that is possible but cannot be predicted with certainty.

Costs or liabilities that have been committed or realized.

Held back or not released, often referring to payments or approvals.

Belonging or relating to each of the entities mentioned.

Official approval to use a building for its intended purpose.

A party that has a legal obligation under a contract.

Appearing or claiming to be something, often without proof.

The degree to which something achieves its intended result.

The legal ability to compel compliance or execution.

A significant negative change affecting the value or enforceability of an agreement.

Relevant or appropriate to a particular situation or agreement.

Causing a specific event or condition to occur, such as default.

Obstructed or delayed in progress or execution.

Goes beyond a specified limit or threshold.

Legal arguments or actions used to resist enforcement.

Exclusion or prohibition of a right or action.

The state of being unable to pay debts when due.

Legal process of compelling compliance with obligations.

Non-monetary legal remedies such as injunctions or specific performance.

Limitations or exceptions under applicable law.

Compensation for loss or damage incurred.

An obligation to reimburse a party who has provided indemnity.

Amounts owed to a company, typically from customers.

Debt instruments not backed by collateral.

All obligations related to borrowed money.

The date when all contractual obligations are fully completed.

Funds set aside for contingencies or future needs.

A loan without protection against interest rate fluctuations.

Payments made only once, not recurring.

An interest rate cap agreement limiting rate exposure.

Of this document or agreement.

An organized group or legal entity.

Legal document establishing a company.

Founding documents such as articles of association.

Phrase used to clarify and prevent misinterpretation.

Meeting the requirements or standards.

Entity responsible for overall construction management.

Behaving in a fair and logical manner.

Rewritten or clarified version of a document.

Able to recover from difficulties or adapt to change.

Directive to restrict access or movement, often financial.

Modified or updated.

Large final payment due at the end of a loan term.

Authorization to use a building for its intended purpose.

The party transferring rights and the party receiving them.

Contract transferring rights or obligations.

Person or entity overseeing project progress.

Documents or funds provided directly to the borrower.

Together with one or more parties.

A financial ratio that measures a project's ability to cover its debt obligations from its operating income. It is calculated as net operating income divided by total debt service.

The formal assignment or naming of a specific account, role, or status within the finance documents, often used to identify accounts or responsibilities.

A designated account used exclusively for making payments related to debt service, such as interest and principal repayments.

A specific event defined in the finance documents that triggers the lender’s rights to take action, such as accelerating the loan or enforcing security.

The end of a predefined period during which a borrower is allowed to remedy a breach or delay without triggering an Event of Default.

The act of deciding or concluding something formally under the finance documents, often by the lender or agent.

Refers to something that has been mentioned earlier in the document or sentence, often used to avoid repetition.

Net proceeds received from the sale of an asset or shares, typically after deducting transaction costs and taxes.

Obtained or extracted from a source, often used in financial contexts to describe how values or proceeds are generated.

An event that causes significant interruption to payment systems, financial markets, or communication channels, beyond the control of the parties involved.

A serious interruption that affects the normal functioning of systems or markets, making it impossible to carry out financial transactions as planned.

Planned or considered within the scope of the finance documents; refers to actions or transactions that are expected to occur.