Finance Agreements in COVID-19 Crisis Situation

For existing financing arrangements:

• Material Adverse Effect/Force Majeure
  • New utilization requests
  • Cancelation of existing commitments
  • (Event of) Default
• Compliance with Financial Covenants
• (Proactive) Update of the Base Case Models
• Information requests by the Lenders due to potential (Event of) Default
• Increased costs due to decrease in rating

For new financing arrangements:

• Proof that there is no Material Adverse Effect/Force
• Amending of pre-agreed Financial Covenanants and update of the Base Cast Model to avoid immediate (Event of) Default
• Increase of costs (interest, fees) due to increased risk
• Usage of new public financings programs
• Usage of electronic signatures to avoid signings in persona