Climate Contract Playbook Edition 3
125
26.8
Green Loan Reporting (a) [The Borrower shall promptly, upon receiving the same, deliver to the Agent a copy of the certificate issued by [accredited sector specific external certification provider] (certified true by a director of the Borrower) certifying that the Eligible Green Project has been given a rating of at least [applicable rating] by [accredited sector specific external certification provider] (the Certification).] (b) The Borrower shall from time to time at its own cost and expense supply to the Agent (in sufficient copies for all the Lenders, if the Agent so requests) any such relevant information which in the opinion of the Borrower relates to: (i) a material change to the Eligible Green Project financed with the Green Loan; (ii) the Green Loan Framework; and/or (iii) [any status of the issuance of the Certification for the Eligible Green Project,] which, in each case, would reasonably be expected to result in a Declassification Event or the declassification of the Green Loan in accordance with the provisions of Clause 29.23 (Declassification Events). Management Presentations The directors of the Borrower shall hold [amount of] [physical meeting(s)][conference calls] with the Lenders per calendar year at such times and locations as (a) notified in writing to the Lenders and (b) accepted by the Lenders (acting reasonably) to discuss the contents of the information provided pursuant to Clause 26.8 (Green Loan Reporting).
26.9
Schedule A This Green Loan Framework sets out how the Borrower will utilise the Green Loan in the amount of [amount] provided by the Lenders under a facility agreement dated [date]. The Green Loan raised in accordance with this Green Loan Framework is in alignment with the Eligibility Criteria. 1. Use of Proceeds [Description of use of proceeds to be included] 2. Project Selection and Evaluation [Description of Eligible Green Project selection and evaluation to be included] 3. Management of Proceeds [Description of the management of the proceeds of the Green Facility to be included] 4. Reporting [Description of the reporting of the Green Loan to be included] The Borrower will notify the Arrangers within [number of] Business Days of being aware of any non- compliance of this Green Loan Framework. [The Parties acknowledge and agree that, solely as a result of failure to perform or comply with this Green Loan Framework, no Default or Event of Default will occur.]
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