Climate Contract Playbook Edition 3
120
Definitions: Certification has the meaning set out in Clause 26.8. Deposit Account means an account held by the Borrower and designated as such in accordance with Clause 28.34. Eligible Green Project means: (a) debt or other financing arrangements provided by the Group to finance, refinance or invest projects or to maintain or purchase physical assets; (b) related and supported expenditures for projects or physical assets; (c) physical assets or projects owned by the Borrower including but not limited to the following: equipment, machinery, infrastructure and/or buildings in construction redevelopment, upgrades, expansion and similar asset value creation or enhancement activity; and (d) existing and operational equipment, machinery, infrastructure, buildings or land, in each case, to the extent such projects comply with the Eligibility Criteria. Eligibility Criteria means the Borrower’s established process of project evaluation and selection eligibility criteria for as stated in the Green Loan Framework in adherence to the Green Loan Principles. Environmental Claim means any notice, claim, proceeding or investigation in connection with any Environmental Law and/or Environmental Permit by any person or entity. Environmental Laws means all applicable environmental laws and regulations in the jurisdiction(s) in which the Borrower operates and conducts business, which relate to the protection and/or violation of environmental issues. Environmental Permits means any applicable permit, licence, certification and/or other authorisation that is required under any Environmental Laws to carry out the Group’s operations and business. External Reviewer means [external reviewer] or any other consultant and/or institution with recognized expertise in environmental sustainability or other aspects of the administration of a green loan appointed as such by the Borrower with the prior written consent of the Agent (acting on the instructions of all the Lenders). Green Facility means the term loan facility made available under this Agreement as described in Clause 2.1 (The Facilities) for purposes of financing an Eligible Green Project adhering to the Green Loan Principles and has not been declassified as such by the Lenders pursuant to Clause 29.23 (Declassification Events). Green Loan means a loan that is made or to be made under the Green Facility or the principal amount outstanding for the time being of that loan. Green Loan Framework means the green framework prepared by the Parent and agreed by the Agent (acting on the instructions of the Lenders) describing the Eligible Green Project by reference to the Green Loan Principles, in substantially the form of Schedule A (Green Loan Framework). For the avoidance of doubt, the Green Loan Framework does not constitute a Finance Document.
Made with FlippingBook - professional solution for displaying marketing and sales documents online