Subscription Agreement  
  The Contract entered into by the issuer and subscriber of debentures under which funds are drawn down. Many of the provisions found in a Facility Agreement will be contained in the Subscription Agreement including:

(a) agreement by the subscriber to subscribe for debentures in accordance with the terms of the Debenture Trust Deed up to the facility commitment;

(b) conditions precedent to the subscription;

(c) facility terms (interest calculation, charging and payment, principal repayments);

(d) representations and warranties;

(e) general undertakings/negative covenants; and

(f) events of default.

Subscription terms may be contained within a Facility Agreement rather than a separate Subscription Agreement.