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1. Parties: Identification of the lender, borrower, and any guarantors
2. Background: Context of the mezzanine financing and its relationship to other debt facilities
3. Definitions: Comprehensive definitions including financial terms, calculation methodologies, and related agreements
4. The Facility: Details of the loan amount, purpose, and drawdown conditions
5. Interest and Fees: Interest calculation, payment dates, default interest, and any PIK provisions
6. Repayment Terms: Principal repayment schedule, prepayment provisions, and make-whole amounts
7. Subordination: Relationship with senior debt and intercreditor provisions
8. Security: Description of security package and ranking
9. Representations and Warranties: Standard and transaction-specific representations
10. Covenants: Financial and operational covenants, information requirements
11. Events of Default: Default triggers and their consequences
12. Remedies: Enforcement rights and procedures
13. Assignments and Transfers: Transfer restrictions and mechanics
14. General Provisions: Standard boilerplate provisions including notices, amendments, governing law
1. Equity Participation: Required if the mezzanine facility includes warrants or conversion rights
2. Board Observer Rights: Include if lender has rights to appoint board observers
3. Exit Rights: Include if there are specific provisions regarding change of control or IPO
4. Management Rights: Required if lender has specific rights regarding management decisions
5. Tax Provisions: Detailed section needed if complex tax structures or international parties involved
6. Currency Provisions: Required for multi-currency facilities
7. Intercreditor Provisions: Detailed section needed if not covered in separate intercreditor agreement
1. Schedule 1 - Drawdown Notice: Form of drawdown request
2. Schedule 2 - Conditions Precedent: List of required documents and conditions for closing
3. Schedule 3 - Security Documents: List and forms of security documents
4. Schedule 4 - Financial Covenants: Detailed calculations and definitions for financial covenants
5. Schedule 5 - Warranties: Detailed representations and warranties
6. Schedule 6 - Permitted Liens: List of existing and permitted security interests
7. Schedule 7 - Form of Compliance Certificate: Template for periodic compliance reporting
8. Schedule 8 - Existing Indebtedness: List of borrower's existing debt obligations
9. Appendix A - Warrant Terms: Terms of any warrant instruments (if applicable)
10. Appendix B - Conversion Rights: Details of conversion mechanics (if applicable)
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