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Forward Funding Agreement
"Need a Forward Funding Agreement for a mixed-use development project in Singapore's CBD area, with staged funding of SGD 150 million to be released between January 2025 and December 2025, including profit-sharing provisions and step-in rights for the funder."
1. Parties: Details of the funder and developer/recipient
2. Background: Context of the transaction and project overview
3. Definitions: Key terms used throughout the agreement
4. Funding Obligations: Core funding commitments, amounts, and timing
5. Conditions Precedent: Prerequisites for funding drawdown
6. Project Milestones: Key development stages and completion requirements
7. Payment Mechanics: Process for drawdown requests and disbursements
8. Representations and Warranties: Standard and transaction-specific assurances
9. Covenants: Ongoing obligations of parties
10. Events of Default: Circumstances triggering default and remedies
1. Security Arrangements: Details of any security package - include when security is required for the funding
2. Cost Overrun Provisions: Handling of project cost overruns - include for larger development projects
3. Step-In Rights: Funder's rights to take control of project - include for high-value or critical projects
4. Profit Share Arrangements: Terms for sharing project profits - include when profit sharing is part of the arrangement
1. Project Details: Detailed description of the development project
2. Development Programme: Timeline and milestones for the project
3. Drawdown Schedule: Planned timing and amounts of funding releases
4. Form of Drawdown Notice: Template for requesting funds
5. Form of Certificates: Templates for various required certificates
6. Security Documents: Forms of any security arrangements
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