Tools / Checklists / GPU delayed draw term loan: conditions precedent
Checklist · 43 items · 9 sections
GPU delayed draw term loan: conditions precedent
The documents and evidence lenders usually ask for before a GPU facility closes and before each draw. The filed facilities differ in what is a condition and what is a post-closing undertaking, so check each item against the term sheet.
For: Borrower and lender legal teams preparing for signing, first draw and each later draw of a GPU-backed delayed draw facility.
What it covers
Corporate and authority
- Constitutional documents and a structure chart for the borrower, its parent and any guarantor
- Board and, where needed, shareholder resolutions approving each finance document
3 more items in the PDF.
How to use it
A general starting list, not a complete list for any deal. Items that link to filed terms show how the public deals handle the point. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.
