Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Georgia Power Draft Loan Guarantee Agreement

Georgia Power Draft Loan Guarantee Agreement

Ratings: (0)|Views: 18 |Likes:
From revised DOE response April 2013
From revised DOE response April 2013

More info:

Published by: Southern Alliance for Clean Energy on May 08, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/08/2013

pdf

text

original

 
Chadbourne & Parke LLPDraft of January 28, 2013
CPAM: 1517411.24
LOAN GUARANTEE AGREEMENT
 
dated as of [_________]amongGEORGIA POWER COMPANY, as Borrower,andU.S. DEPARTMENT OF ENERGY, as GuarantorPlant Vogtle Nuclear Units 3&4Burke County, Georgia
FOIA HQ-2012-01148-F 522
 
Table of ContentsPagei
CPAM: 1517411.24
ARTICLE 1 DEFINITIONS; RULES OF INTERPRETATION ....................................................1
 
1.1.
 
Definitions................................................................................................................1
 
1.2.
 
Rules of Interpretation. ............................................................................................2
 
1.3.
 
Conflict with FFB Credit Facility Documents. ........................................................2
 
ARTICLE 2 FUNDING ...................................................................................................................2
 
2.1.
 
Summary of Key Terms; Financial Plan. .................................................................2
 
2.2.
 
Availability of Advances. ........................................................................................4
 
2.3.
 
Mechanics for Requesting Advances. ......................................................................4
 
2.4.
 
Mechanics for Funding Advances. ..........................................................................5
 
2.5.
 
Advance Requirements under the FFB Credit Facility Documents.........................6
 
2.6.
 
No Approval of Work. .............................................................................................6
 
2.7.
 
Borrower Funding Commitments. ...........................................................................6
 
ARTICLE 3 PAYMENTS; PREPAYMENTS ................................................................................6
 
3.1.
 
Place and Manner of Payments. ...............................................................................6
 
3.2.
 
Interest Provisions Relating to All Advances. .........................................................8
 
3.3.
 
Prepayments. ............................................................................................................8
 
3.4.
 
Payment of Credit Subsidy Cost and Fees. ............................................................10
 
3.5.
 
Evidence of Debt....................................................................................................11
 
ARTICLE 4 CONDITIONS PRECEDENT TO ADVANCES .....................................................11
 
4.1.
 
Conditions Precedent to Guarantee Issuance Date and Initial Advance. ...............11
 
4.2.
 
Conditions Precedent to Each Advance. ................................................................22
 
ARTICLE 5 REPRESENTATIONS AND WARRANTIES .........................................................25
 
5.1.
 
Organization. ..........................................................................................................25
 
5.2.
 
Authorization; No Conflict. ...................................................................................26
 
5.3.
 
Legality; Validity; Enforceability. .........................................................................26
 
5.4.
 
Capitalization. ........................................................................................................26
 
5.5.
 
Title. .......................................................................................................................26
 
5.6.
 
Security Interests. ...................................................................................................27
 
5.7.
 
Required Consents. ................................................................................................27
 
5.8.
 
Governmental Judgments
 
. [FIRST ADVANCE ONLY] .....................................28
 
5.9.
 
Tax. ........................................................................................................................28
 
5.10.
 
Compliance with Governmental Rules. .................................................................29
 
5.11.
 
Environmental, Health and Safety Matters. ..........................................................29
 
5.12.
 
Investment Company Act. .....................................................................................29
 
5.13.
 
Regulation of Credit Parties. .................................................................................29
 
5.14.
 
ERISA. ..................................................................................................................29
 
5.15.
 
Intellectual Property. .............................................................................................31
 
FOIA HQ-2012-01148-F 523
 
Table of ContentsPageii
CPAM: 1517411.24
5.16.
 
No Defaults or Mandatory Prepayment Events. ....................................................32
 
5.17.
 
No Judgment Liens; No Delinquent Indebtedness. ...............................................32
 
5.18.
 
Sufficiency of Project Documents. ........................................................................32
 
5.19.
 
Financial Statements. .............................................................................................32
 
5.20.
 
Project Milestone Schedule; Construction Budget; and Borrower BaseCase Projections
.
...................................................................................................33
 
5.21.
 
Sufficient Funds. ...................................................................................................33
 
5.22.
 
Fees and Enforcement. ..........................................................................................33
 
5.23.
 
No Additional Fees. ...............................................................................................33
 
5.24.
 
U.S. Government Requirements. ...........................................................................33
 
5.25.
 
Insolvency Proceedings; Solvency. .......................................................................35
 
5.26.
 
Use of Proceeds. ....................................................................................................35
 
5.27.
 
No Material Adverse Effect
 
. [FIRST ADVANCE ONLY] .................................35
 
5.28.
 
Certain Program Requirements. ............................................................................35
 
5.29.
 
No Omissions. .......................................................................................................36
 
5.30.
 
DOE Approval of EPC Contract Replacements. ...................................................36
 
5.31.
 
No Revocation of Certification Order. ..................................................................36
 
ARTICLE 6 AFFIRMATIVE COVENANTS...............................................................................36
 
6.1.
 
Information Covenants...........................................................................................37
 
6.2.
 
Books, Records and Inspections; Accounting and Auditing Matters. ...................46
 
6.3.
 
Maintenance of Insurance. .....................................................................................47
 
6.4.
 
Maintenance of Existence. .....................................................................................47
 
6.5.
 
Construction and Operation of Project. .................................................................47
 
6.6.
 
Use of Proceeds......................................................................................................48
 
6.7.
 
Maintenance of Liens and Collateral. ....................................................................48
 
6.8.
 
Creation and Perfection of Security Interests; Additional Documents;Filings and Recordings. .........................................................................................48
 
6.9.
 
Acceptance, Startup and Testing...........................................................................49
 
6.10.
 
Technology. ...........................................................................................................50
 
6.11.
 
Compliance with Certain U.S. Government Requirements. .................................50
 
6.12.
 
Termination of EPC Contract. ...............................................................................53
 
6.13.
 
Cargo Preference Act. ...........................................................................................54
 
ARTICLE 7 NEGATIVE COVENANTS .....................................................................................54
 
7.1.
 
Liens. ......................................................................................................................54
 
7.2.
 
Corporate Existence. ..............................................................................................54
 
7.3.
 
Affiliate Transactions; Commissions. ....................................................................54
 
7.4.
 
Amendment of Certain Project Documents. ..........................................................54
 
7.5.
 
Use of Non-AP1000 Reactor Technology. ............................................................55
 
7.6.
 
[Margin Regulations. .............................................................................................56
 
7.7.
 
ERISA. ...................................................................................................................56
 
7.8.
 
Investment Company Act. .....................................................................................56
 
7.9.
 
Replacement or Removal of the Operator or Owners' Agent. ...............................56
 
FOIA HQ-2012-01148-F 524

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->