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It also covers fees, tax gross-up and indemnities, increased and other costs, lender mitigation, representations, undertakings, events of default, and notice and payment provisions.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/facility-agreement-clause-summary/282218/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/facility-agreement-clause-summary/282218.png","ImageObject",442,249,{"name":42,"@type":43},"Elsa","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",11,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does the Facility Agreement cover?","Question",{"text":63,"@type":64},"It defines the financing facility and sets out the rules for utilisation, repayment, interest, fees, and the parties’ obligations and remedies.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does the agreement address interest and changes to interest calculations?",{"text":68,"@type":64},"It specifies interest concepts and interest periods for loans, and includes provisions describing how interest calculations may be changed.",{"name":70,"@type":61,"acceptedAnswer":71},"What happens if an event of default occurs?",{"text":72,"@type":64},"The agreement includes an events of default clause and associated remedies, waivers, and amendment provisions to manage the consequences.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},282218,1790478774,{"code":4,"msg":82,"data":83},"success",[84,88,93,98,103,108,112,117,122],{"id":55,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":110,"slug":111},17,40,"forms",{"id":113,"doc_module":22,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},18,"Letters",30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":109,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":141,"preview_page_count":4},137455077381,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","| TERM FACILITY AGREEMENT |\n| --- |\n| £4,300,000,000 |\n\nClause Page  \n1. Definitions and Interpretation .................................................................................................... 1  \n2. The Facility .............................................................................................................................. 25  \n3. Purpose..................................................................................................................................... 28  \n4. Conditions of Utilisation.......................................................................................................... 28  \n5. Utilisation................................................................................................................................. 30  \n6. Optional Currencies ................................................................................................................. 31  \n7. Repayment ............................................................................................................................... 31  \n8. Prepayment and cancellation ................................................................................................... 31  \n9. Interest ..................................................................................................................................... 36  \n10. Interest Periods-Loans ........................................................................................................... 37  \n11. Changes to the calculation of interest ...................................................................................... 38  \n12. Fees .......................................................................................................................................... 40  \n13. Tax Gross Up and indemnities................................................................................................. 41  \n14. Increased Costs ........................................................................................................................ 45  \n15. Other indemnities ..................................................................................................................... 46  \n16. Mitigation by the Lenders ........................................................................................................ 48  \n17. Costs and expenses .................................................................................................................. 48  \n18. Representations ........................................................................................................................ 49  \n19. Information undertakings ......................................................................................................... 51  \n20. General undertakings ............................................................................................................... 54  \n21. Events of Default ..................................................................................................................... 63  \n22. Changes to the Lenders ............................................................................................................ 66  \n23. Assignments and transfer by Company ................................................................................... 71  \n24. Role of the Agent and the Arranger ......................................................................................... 71  \n25. Conduct of Business by the Finance Parties ............................................................................ 79  \n26. Sharing Among the Finance Parties......................................................................................... 79  \n27. Payment mechanics.................................................................................................................. 80  \n28. Set-off ......................................................................................................","cbCaifOMhkijv0k1","https://ap.wps.com/l/cbCaifOMhkijv0k1","pdf",2600714,128,"English","# Definitions and Interpretation\n# The Facility\n# Purpose\n# Conditions of Utilisation\n# Utilisation\n# Optional Currencies\n# Repayment\n# Prepayment and cancellation\n# Interest\n# Fees\n# Representations\n# Events of Default\n# Confidentiality\n# Governing law\n# Schedules","[{\"question\":\"What does the Facility Agreement cover?\",\"answer\":\"It defines the financing facility and sets out the rules for utilisation, repayment, interest, fees, and the parties’ obligations and remedies.\"},{\"question\":\"How does the agreement address interest and changes to interest calculations?\",\"answer\":\"It specifies interest concepts and interest periods for loans, and includes provisions describing how interest calculations may be changed.\"},{\"question\":\"What happens if an event of default occurs?\",\"answer\":\"The agreement includes an events of default clause and associated remedies, waivers, and amendment provisions to manage the consequences.\"}]","Facility Agreement - Clause Summary | PDF",1789570879,45]