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
2Activity
0 of .
Results for:
No results containing your search query
P. 1
DOE Loan Subordination Memo Draft

DOE Loan Subordination Memo Draft

Ratings: (0)|Views: 1,063 |Likes:
Published by jshpetri

More info:

Published by: jshpetri on Oct 14, 2011
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

10/14/2011

pdf

text

original

 
118
-
D'RAn"
,]/19111
1llROUGH:
SiQOTIB,LAlffi
:BARR.IS
GENIRALOOUNSm.
QmCE:OFG~'OOIJNSEL
~.
I
SUSAN8.RlIC&RDSON
CHIF!f
'OOlJNSBL
LOANPROGRAMSOFFIcBSrnUECT::
'~reed~JI)made
by
the
Federal
,Fmancing,
Bank.
The'pmoed
,of
'the
'Gmnmeed
Loon
IE:
bedg
usedtefimmeelJc
comI:mc:tmDm8_
sOlw-pbo1wo]tm,c:
m:1,pmelfEibnamo1],
:tKllitr
]~I
mFRlmoJ!ilt
Cambmhl,
(the
~Loor?-
C~c'DClD,
ofthe
PJr
1
ojm"':,
I.,-
June
3~2JOn~
fie,~
and,
related'
.:"e:s~ed,
pgmIenB
,of
."~.:II-
I,,'_
~::1!..-,'-
_~1!,,_,
~1!.,
p'rmc~,paJ
,1W,llI
mf~t
on',"',__~'~,~~
w:IJIOSC
~eM3l'.
DOE
and'
the
BD':'
'on
Apeanmt
(the"fA_a~l
I~,te;
A~,mn
tmt''
puawmi'to'
which
DOE
iSsued
the
'Guanm.lee
aDd
t),"_
BODilwef:s,
contractual
,o'~~lti'onfnrehBlbmseDOB_"_
paJmc
by:
,DOE
j,
wIU'c1:J,
,obHpIioD
,i,)
~,'bya,m-rst
lia,
'00,
the
BOmlwer,s:
u_
am:d!
[b),
~'rem~j§
,for
d!e~
aD,
1ihc:B:W:OOWcrl
,obip.&ns
'WilUtr
'tbie'
Imm,
,~=
A~These:
ri.ghts
am
in
addffion
m
DOR's
:rights
o.fsul!nrrogi!6oD,
'1!IDdei
'a,plitab1lc
lBw.
A
ddiult
rckting
w,
aihlmldaJ
~eJtt
UIli
oocmmIi.mdu'
~:e:Loan
IGu~
,Agree;memt..Wlium.1Ihatdcfil1l1!~~
1m
Decem:btr
11'
201
l
D
1
S9SmiWo,a~
'diu:
~lLotDl
IConmDtm:ent,mmak!ed
1iO'
be
I~dnnoed.
.DOE:hHmnsidered
the
~I~
mike
,Bol'fOwer"sdefimft
and
,10
reasonable
~onseslo,
1hc
de:um]~incllJldms:ro=]osmm
QD,
iiB
cOn~~,.
Based
Iml
tbesmlJHsl
set
fimh
ili,
E~it
A.
:bm:em~
DOEhasdetemmmed
tJ:m,
a,~tmillg
of:the
Bm:mwer~
lobliisdimm
lmdl:il
.11.
'I',_~~~,__
.!Ii,,,,,,",.-
iI';o;I!.
Ull:ll,..-.,_".,.;.,.,~
'~""iflil
·_~d;i1.
1i.!••
!II..
1!._;L'~
:wc
~QI1I:
'U~,_1Iie!i;:
£~ieelnml:
lU!lie!'~
~w1uJll~'
iw=J!IiI~~'
:pm'~lie
net
henefit
to
'ilH:'
FedemlOo'vemmnent
'by
mW.iDn,gthe
FedemIGo~s
potmmi
!osson.the
01.mnm1eed
Loan..
Inlght
of'(he
1iIlaneim
miL~
D,mheparties:"
apemmlt,
~o
~in
good
faith~
a1efimliNe
R.esl:mdmfng;
'~n.tadJm.,DOE
 
·bu·
,co:ntimJed
to
permit
advmu:es"
_er
mil:
I~,OO
Loan"
,e.IDahlmgPrQjec!,ooumwtioo
bl,rontimIepending
cl!oiiP,g,of
the
R~mtmg..A~ntoonfm:aedfuR_
of'the
-Guaranteed
I.oan,
'the
B<:iIrower
hasindicated
tlmt.jt
'would
ruerOE:~
under
'CJmPIer
1~
of
tlil;c:Bmlkmp~
Code
orliqmdaBan
under
I~
-7
01
me
~Cod~,impeding
orpreveudng
PJrojlect
completion.Given'dleBunoweFs
limited.
opem!icmsin
dIe
PV~
a'CIl.a]Her]
l·mmg.
wou]d,likely
lcadto
8
]~n.
(Ii)
("T:nmc~e
Ii
E")
to,
f'jf,
:.c~_
min
-..-.("Q)1'.
"",~1.
ccc
flm.diD:gunder:
8.
'75;
miIliml.
mre
;,'Usne
a
$17'5
milliOnnote
f'Tranme
fimdW
that
,amDUlltIo,
6e
Dmmwer's
file
"1i.iJ:l1m-f'uty
LendUB~j,
(d)
TheBomnver
will
havethe
ri,gbt
to,
bormw
Will
addidonall
S7Smilliou
r'T~
'C"')
fIom,
dle
11dnt-Pmy
Leadm,
ODI
specified~.
end,
COlIIditiam;
-I--
.'.I
ViliU~
SmlOT'
:'.C!iic..mttt,.....
iM
the
,_!II
~r~---_.
'Il"...,:);.
!'Iilll~..·11·
C!J
_":"1
...;;:;1'1.,
mJJlWW!!!
.IlOQ,
ww
('d
,ani)
,OU
·the
oo~
(e)Traches;
A,
~,facil;iil:iiesmia:
pori'
5m2,
J
i
ea6
after
dosm,g
I_i·
ha:fe~tp:riDIits"fm,,.
seeming
tk=
.Bmn:lwu·s
(I)
TimLdles
Do
mdE
1(Ole
·~SubOJ'dimte
~Ean~ffi~'
will
,oo.MUtme
suOOromam
secured
m~~
0JIl!
p'tlri
]1;(JSJV
basis!
'oot
wi~,
DOB~s,TmnclmD
hlMDg
plymelll
priority;
,end
00
The
Slemm-
FBeilimeswillluvc
cmain
Henamd.·
paym~nt
priDrigl!)~
the:
s~,
Faciliifi~.
Themfme~
under
the
:Resmldming
iffi
mfltbe
mt
two
y.em'S
.mJ!l.oe,g
,etosmg,
o,fthe
&e.mucb!Jiog.theBOITO'~!:Imu:n:bursemc:at
Oh6ptiOEto
:005
fbr
'TnmthcsB
and.
g.
(5S3S
milicm.princIpal
&m('n~m
I~pte):
will
'b;
mbmdimde
in
~eDt
prioIfty
'to
th~
B~s,obJipti,oD!
to
the
Thir,d!..PertyLenders
for
TnmtheA
(flS
millluD
~ipdanmmt)·
m
a
]liquidatiw,
only"
;imd
(i)tb.eBormwer~s
mm~
obtigatiom,
w,
DOE
forTrmckD(:13'85
milliOD,~
.ammmt)
will
IDe
~m
m,
'2
 
lia.
qdlpa:ymenl:
¢ority
'fi:I.~
.B:([mlwers
,abIr_gatiiO]]i'ID
dIe
ThHd-l'!arty
~:far
TrandJaA
atl:di
C
1($1501mUiOD,fmllJ::Wpmmnomin
:Dew
]J1)ans~,
1IIfit:il~9t
in
'fun,
The
pro~pooeil
_oormmmioill
'is"enniil:e.d
tmd~
Tn1eXVTI_The
.~Dill
eonilmon
COD~d.
in-
:tenns:,
appl.cahle
lonly
iis·
aooruIJJtion
PKcOOemt
'to.,"
Itis
mot
II
loo.JiiI~g
oNipfi:on
00'
.resIDeD.",
J
m~o,n
mtJ.e
ICOJiltext
(If'~
~"_.;,'ll'IlI1.-.'~,~.
cOll.·-t
-'1.."
'C!-..d","""
_..ll.
+n
:~:P~~'-''
.hl~n:1ll:Iii:I,
!J,IiI;;:
1.:i'""""'.....;...,.1.~LUI
ers~ablil~ons(U
wellI.
as
·the.
,utls'.JlYJI
'JjUe
XVO'
of'&e&eJilJ
Plo~tJ~Am
of'
2005
1,~
_amended!,
(4l2,U.S~C.,
l6Snl-16J:l~)
IrTllI:lIei:xJlF91~.-
c!:r
:~iiedw~rles
·of
en~lI~~m.
:aoromlime.
A-s
s,~t:forib.m
mePRamb1'
ewilhe
lori~~,
oneoldre
p~
goals
of'tlleg'!Dmlmepm~.
'-_-XVD~
to
,e.aootng\etbe
c~me
im,t1le
I
'Dpom
e&2g-te.lattdtecl!m~es~
&c
Oll<',-",'
goalsof'~
.Ammcm
~,,~emWidR:'eetW~2',,~':~.
'l!1_
dOO
l
Ser:OOD.
1'1:a~
ito
''['lie
XW.
isq
~e'
amf
amcjobs
:md.
j.UUIlG1!e
,eorumm[eMe~.CS"'tiQI·JOa}(ll,)
The
'utmmntm
qudffied
'1JD:Wli
·berth
S~mm
rmSad
nOl.lt
MSru!f.!illOO.
U11&r
SediOliil.l'1J}5:~1I.tul·tlI~Bmrowcr
\WSi~ed"
:as,
amuter
IDf'p:aUcy
sm:l.'~'
1~Il.~O
'oo:mptr
-wml
Seetio!:
lll00,.d.
1II.e,
DalI.
Rrtde.
'The
pruwimof
liD'll,
11!l3
andri'OiS
'am
filftbelied
by
tle:rJum:anltleetrans1Jiollioo
ad.
the:~,
~I.:
.S~!!lL11t)2'
lID
zmng,omtbe
IltetmS
,ud.OQlilditi:ons:
mIODgilla!rD~'I,S:~cmI17m:,
Is
iorgamzoom
~~e
:lifecycloof
10m!pattbees:.
.Dom
~gimmOl!l
to
deftm]t
to·
~]flSlnIe
01
co,]!fe.teml
MOJic
,arti~.Iy,
SecnOEl.
llDl
:iis
.limYiidJed
muBihl)IS,
fuUOWSi:,
..S~lrms.
IJ02(ib)~
(t)
mt
fO:nlbilimsiold
~ents
f~'I'
me
ismEmooof
IbUJ.
3

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)//-->