UUÂãÁÄÖ±²¥

Facility agreement

This Agreement is made on [date]

Parties

1. 1

   [insert name of Borrower], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Borrower); and

1. 2

   [insert name of Lender], of [insert address] (the Lender).

It is agreed as follows:

1. 1. 1

      Definitions and interpretation

      1. 1.1

         In this Agreement, unless otherwise provided:

         Business Day

         1. •

            means a day, other than a Saturday, Sunday or public holiday, on which banks are open for business in London;

         Commitment

         1. •

            means £[•] ([•] Sterling) minus any amount reduced or cancelled in accordance with this Agreement;

         Commitment Period

         1. •

            means the period commencing on the date of this Agreement to and including [•];

         Default

         1. •

            means an event that with the giving of notice, lapse of time or other applicable condition would be an event of default under Clause 16;

         drawdown

         1. •

            means [the OR a] utilisation of the Facility;

         Drawdown Date

         1. •

            means the date of Drawdown as specified in the [applicable] Drawdown Notice;

         Drawdown Notice

         1. •

            means an irrevocable written notice of each intended Drawdown