Commitment Letter

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Commitment Letter

Commitment Letter

{{company_name}} {{company_address}} Tel: {{phone}} Email: {{email}} Website: {{website}}

Date:

{{date}}

Recipient Details:

{{recipient_name}}

{{recipient_address}}

ATTN: {{recipient_contact_person}}

Subject: Commitment Letter for a {{loan_type}} Facility

Dear {{recipient_contact_person}},

We are pleased to inform you that {{company_name}} (the 'Lender') has approved your request for a {{loan_type}} facility (the 'Facility') in principle, subject to the terms and conditions outlined in this letter.

1. Facility Details:

1.1. **Facility Amount:** The aggregate principal amount of the Facility shall not exceed {{currency}} {{loan_amount}} ({{loan_amount_words}}).

1.2. **Purpose:** The Facility shall be used solely for {{purpose_of_loan}}.

1.3. **Interest Rate:** Interest shall accrue at a rate of {{interest_rate}}% per annum, calculated on a {{interest_calculation_basis}} basis.

1.4. **Term:** The Facility will have a term of {{loan_term_years}} ({{loan_term_words}}) years from the date of the first drawdown.

1.5. **Repayment Schedule:** Repayments will be made in {{number_of_installments}} {{repayment_frequency}} installments of {{currency}} {{installment_amount}} ({{installment_amount_words}}) each, commencing on {{first_repayment_date}}.

2. Conditions Precedent to Drawdown:

The Lender's obligation to make the Facility available is conditional upon the satisfaction of the following (amongst others) to the Lender's satisfaction:

2.1. Execution of a definitive Loan Agreement and any related security documents.

2.2. Provision of certified copies of the Borrower's constitutional documents and all necessary corporate authorisations.

2.3. Receipt of all required regulatory approvals and consents.

2.4. Submission of satisfactorý financial statements and projections for the Borrower.

2.5. Any other conditions as may be stipulated by the Lender.

3. Security:

The Facility will be secured by, but not limited to, the following:

3.1. {{type_of_security_1}}

3.2. {{type_of_security_2}}

3.3. {{type_of_security_3}}

4. Fees and Expenses:

4.1. **Arrangement Fee:** A non-refundable arrangement fee of {{currency}} {{arrangement_fee}} ({{arrangement_fee_words}}) shall be payable on acceptance of this letter.

4.2. **Legal Fees and Expenses:** All legal and other out-of-pocket expenses incurred by the Lender in connection with the Facility shall be borne by the Borrower.

5. Governing Law and Jurisdiction:

This Commitment Letter shall be governed by and construed in accordance with the laws of {{governing_law_country}}. The parties agree to submit to the non-exclusive jurisdiction of the courts of {{governing_law_country}}.

6. Expiry of Offer:

This offer is valid for a period of {{offer_validity_days}} days from the date of this letter, expiring on {{offer_expiry_date}}. If not accepted by that date, this offer will be deemed withdrawn.

7. Acceptance:

Please indicate your acceptance of these terms by signing and returning a copy of this Commitment Letter to us by the expiry date.

Sincerely,

{{lender_representative_name}}

{{lender_representative_title}}

Accepted and Agreed by:

___________________________

{{recipient_name}}

By: {{recipient_signer_name}}

Title: {{recipient_signer_title}}

Date: _______________