Commercial Loan facility agreement with built in guarantee. Standard market loan documentation for committed bilateral term loan facility agreement to be used with a standalone guarantee (please download the guarantee separately).
3.1 The Facility
Subject to the terms of this Agreement, the Lender makes available to the Borrower a [CURRENCY] term loan facility in an aggregate amount equal to the Commitment.
The Borrower shall apply all amounts borrowed by it under the Facility towards [PURPOSE].
The Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.