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Financial Support Agreement
"I need a Financial Support Agreement for our parent company to provide a £5 million working capital facility to our UK subsidiary, with quarterly drawdown options and security over the subsidiary's property assets, to be effective from March 2025."
1. 1. Parties: Identification and details of the parties entering into the agreement
2. 2. Background: Context and purpose of the financial support arrangement
3. 3. Definitions: Key terms used throughout the agreement
4. 4. Financial Support Obligations: Core terms of financial support including amounts, timing, and conditions
5. 5. Payment Terms: Details of how and when payments should be made
6. 6. Duration and Termination: Term of agreement and circumstances for termination
7. 7. General Provisions: Standard contractual provisions including notices, amendments, and governing law
1. Security Arrangements: Details of any security or collateral - used when the support is secured against assets
2. Conditions Precedent: Conditions that must be met before support is provided - used for complex arrangements with pre-conditions
3. Representations and Warranties: Statements of fact by the parties - used for larger or more formal arrangements
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts and dates
2. Schedule 2 - Security Details: Details of any security or collateral arrangements
3. Schedule 3 - Conditions Precedent: List of conditions that must be satisfied
4. Appendix A - Form of Drawdown Notice: Template for requesting funds under the agreement
Authors
Business Day
Commencement Date
Confidential Information
Default Event
Drawdown
Drawdown Notice
Effective Date
Facility
Financial Support
Group
Interest Rate
Material Adverse Change
Payment Date
Permitted Purpose
Recipient
Repayment Date
Security
Support Amount
Support Period
Support Provider
Termination Date
Working Capital
Affiliate
Charge
Collateral
Conditions Precedent
Encumbrance
Financial Statements
Guarantee
Insolvency Event
LIBOR/SONIA
Parent Company
Related Party
Secured Assets
Subsidiary
Conditions Precedent
Financial Support Obligations
Payment Terms
Interest
Security
Representations and Warranties
Covenants
Information Undertakings
Default Events
Remedies
Termination
Assignment and Transfer
Confidentiality
Notices
Set-off
Amendments and Waivers
Severability
Force Majeure
Costs and Expenses
Indemnification
Dispute Resolution
Governing Law
Jurisdiction
Counterparts
Entire Agreement
Third Party Rights
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