Topic:"Financial Instruments" in M13059

1.2 REPORT RELIANCE This report has been provided at the request of the Borrower for the reliance of the Lenders via the Administrative Agent as described in the Credit Agreement. This report has been prepared in accordance with the scope...

AI summary This report was prepared for the Borrower's reliance by Lenders via the Administrative Agent under the Credit Agreement. It was created based on BTY Group's engagement and the Independent Engineer Engagement letter. The report is confidential and not to be used by any party other than the Lenders and Borrower.

2.1 GENERAL BTY has received a copy of the final executed versions of the Credit Agreement, dated December 19, 2025, the Management Services Agreement ("MSA"), dated March 4, 2025. BTY has received executed copies of the ROW Clearing Agree...

AI summary BTY has received various executed agreements and construction reports related to a project. These include credit agreements, management services agreements, and construction contracts. BTY has also received monthly construction reports but did not receive a draw request for the current period, with costs to be funded from other sources.

4.1 PAYMENTS (INDEPENDENT ENGINEER ADVANCE CERTIFICATE) As of the date of this report, no advanced under the IE's certificate have been approved as the Borrower has not submitted a draw request. BTY understands that costs incurred to date...

AI summary No advanced payments under the Independent Engineer's certificate have been approved as the Borrower has not submitted a draw request. BTY notes that costs incurred so far will be covered by alternative funding sources.