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Bridge Facility Agreement
"Need a Bridge Facility Agreement under Singapore law for a USD 50 million facility to finance an upcoming real estate acquisition, with a 6-month term and security over the target property, to be completed by March 2025."
1. Parties: Identification and details of the lender(s) and borrower(s)
2. Background: Context of the bridge facility and purpose of the loan
3. Definitions and Interpretation: Key terms and their meanings used throughout the agreement
4. The Facility: Details of the bridge facility, amount, and purpose
5. Conditions Precedent: Requirements to be satisfied before drawdown
6. Repayment and Prepayment: Terms of repayment and early repayment provisions
7. Interest: Interest rate, calculation and payment terms
8. Representations and Warranties: Borrower's statements of fact and assurances
9. Covenants: Ongoing obligations of the borrower
10. Events of Default: Circumstances constituting default and consequences
1. Security: Details of any security arrangements - include when the facility is secured
2. Guarantee: Terms of any guarantee provided - include when there are guarantors
3. Syndication Provisions: Terms governing multiple lenders - include for syndicated facilities
4. Market Disruption: Provisions for handling market disruption events - include for larger facilities or when specifically required
1. Form of Drawdown Request: Standard form for requesting facility drawdown
2. Conditions Precedent Documents: List of required documents and conditions
3. Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Form of Transfer Certificate: Standard form for transferring facility interests - for transferable facilities
5. Security Documents: Forms and details of security arrangements - for secured facilities
Authors
Break Costs
Business Day
Commitment
Conditions Precedent
Default
Event of Default
Facility
Facility Amount
Final Maturity Date
Finance Documents
Financial Indebtedness
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Margin
Material Adverse Effect
Permitted Security
Potential Event of Default
Prepayment Amount
Reference Banks
Reference Rate
Repayment Date
Security
Security Documents
SIBOR
SORA
Subsidiary
Tax
Transaction Documents
Utilisation
Utilisation Date
Utilisation Request
Purpose
Conditions Precedent
Utilisation
Repayment
Prepayment
Interest
Fees
Tax Gross-Up
Increased Costs
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Security
Set-Off
Assignment and Transfer
Agency Provisions
Payment Mechanics
Costs and Expenses
Indemnities
Notices
Calculations
Amendments and Waivers
Governing Law
Enforcement
Jurisdiction
Confidentiality
Entire Agreement
Severability
Counterparts
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