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Dept of Energy Conditional Commitment Letter in Fisker Automotive loan

Dept of Energy Conditional Commitment Letter in Fisker Automotive loan

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Published by David Herron

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Categories:Types, Letters
Published by: David Herron on Feb 07, 2012
Copyright:Attribution Non-commercial

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07/12/2014

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EXECUTIONCOpyCONDITIONALCOMMITMENTLEITERbyandbetweenUNITEDSTATESDEPARTMENTOFENERGYandFISKERAUTOMOTIVE,INC.DatedasofSeptember18,2009
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TableofContentsCONDITIONALCOMMITMENTLETTER1
1.Facilities,etc"12.ConditionalCommitment"".""13.TrueandCompleteDisclosure"24.Indemnity""35.Cooperation"..""""46.ReportingRequirements""""",,47.DefinitiveLoanDocuments"""58.Assignment;EntireAgreement59.BindingNature;Survival510.Counterparts511.PublicStatements""."512.GoverningLaw"."""613.AcceptanceofTermSheet;ExpirationofCommitment""6
TERMSANDCONDITIONSFORTHELOANSUNDERTHEATVMPROGRAM1
1.Facility"""..12.Borrower""""""13.ProjectsI4.BusinessPlan15.UseofProceeds;EligibleProjectCosts36.ApplicantCommitment47.CommittedEquityCondition"58.CostOverruns""""59.TheLoans;HistoricalCosts,5I
O.
Availability6II.InterestRate712.InterestPayments813.PrincipalAmortizationandMaturity814.PrepaymentsoftheLoans815.Collateral.1016.DebtServiceReserve1117.FacilityFee1218.LoanAdministration1219.LoanDocuments1220.SecurityDocuments132
J.
ProjectDocuments1422.ConditionsPrecedenttoFinancialClosingDate1523.ConditionsPrecedenttoInitialAdvanceUndertheKxLoan1824.ConditionsPrecedenttoEachAdvanceDate1925.RepresentationsandWarranties2126.FinancialCovenants2327.AffirmativeCovenants,2328.NegativeCovenants2629.EventsofDefault.2930.Remedies3131.RequiredInsurance3132.Amendments,3133.Indemnification32
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34,GoverningLaw.i......,",""..""3235.InterpretationandRulesofConstruction"32
AppendicestotheConditionalCommitmentLetterAppendixATermSheetExhibitsandSchedulestotheTermSheetSchedule1Schedule2FinancialCovenantsMinimumAdditionalEquityMilestonesExhibitAExhibitBExhibitCExhibitDExhibitEFormofPrograrnFinancingAgreementFormofNotePurchaseAgreementFormofPromissoryNoteFormofCollateralValueCertificateFormofAdvanceRequest
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