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The Project Funding Agreement is a crucial document used in Malaysia when a funding entity provides financial support for specific projects across various sectors. It is particularly relevant for large-scale developments, infrastructure projects, or significant business expansions requiring structured financing. The agreement must comply with Malaysian banking and financial services regulations, including the Financial Services Act 2013 and relevant Bank Negara Malaysia guidelines. This document type is essential when parties need to establish clear terms for funding disbursement, project milestones, reporting requirements, and security arrangements. The Project Funding Agreement typically includes detailed conditions precedent, drawdown mechanics, representations and warranties, and specific covenants tailored to the project's nature and risks.

1. Parties: Identification of the funding entity and recipient, including registration details and addresses

2. Background: Context of the project and funding arrangement, including purpose and objectives

3. Definitions and Interpretation: Detailed definitions of terms used in the agreement and rules of interpretation

4. Funding Amount and Purpose: Specification of the funding amount, funding structure, and permitted uses

5. Conditions Precedent: Conditions that must be satisfied before funding becomes available

6. Drawdown Mechanics: Procedures and requirements for accessing the funding

7. Representations and Warranties: Statements of fact and assurances given by the parties

8. Covenants: Ongoing obligations of the recipient, including financial and operational commitments

9. Reporting Requirements: Financial and operational reporting obligations of the recipient

10. Events of Default: Circumstances constituting default and consequences

11. Remedies: Rights and remedies available to parties in case of default or breach

12. Term and Termination: Duration of the agreement and circumstances for early termination

13. Confidentiality: Obligations regarding confidential information

14. Notices: Process and requirements for formal communications between parties

15. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

16. General Provisions: Standard boilerplate clauses including assignment, amendments, and severability