25.300—Application procedure.
(a)
Each Borrower that wishes to prepay at par
the Total Permitted Prepayment Amount, or any
portion thereof, must submit a written prepayment
application. To be considered complete, a
prepayment application must contain the following
information and materials:
(1)
Part I of the prepayment application shall
be the identification of each Eligible FMS Loan or
Eligible FMS Advance, as the case may be, with
respect to which the Borrower has selected to
prepay the amount thereof permitted by this part
to be prepaid, setting forth with respect to each
such Eligible FMS Loan or Eligible FMS
Advance:
(i)
The date on which the Eligible FMS Advance
was made or the date on which the Eligible FMS
Loan was signed;
(iii)
The principal and interest payment
schedule of the Eligible FMS Loan or Eligible FMS
Advance; and
(2)
Part II of the prepayment application shall
be the Borrower's estimate of the Permitted
Arrears Prepayment Amount calculated as of the
date of the application;
(3)
Part III of the prepayment application
shall be a description of each Private Loan, 90
percent of which the Borrower seeks to have
guaranteed, setting forth with respect to each
Private Loan:
(iv)
The identity of each Eligible FMS Loan or
Eligible FMS Advance with respect to which amount
thereof permitted by this part to be prepaid is to
be prepaid with the proceeds of the Private
Loan;
(4)
Part IV of the prepayment application shall
be all material transaction documents, in
substantially final form, relating to the
prepayment of the Total Permitted Prepayment
Amount, or the portion thereof which the Borrower
has selected to prepay, with the proceeds of the
Private Loan; and
(5)
Part V of the prepayment application shall
be the name, address, and telephone number of the
Borrower's contact person with whom the FFB or
DSAA will communicate to arrange for prepayment
and closing.
(b)
Each prepayment application shall be
submitted in triplicate to DSAA
at the following address: Defense Security
Assistance Agency, The Pentagon, Washington, DC
20301-2800, Attention: Deputy Comptroller.
(c)
A Borrower wishing to obtain preliminary,
nonbinding review of a plan to prepay at par the
Total Permitted Prepayment Amount, or any portion
thereof, may, at the Borrower's option, prior to
submitting a prepayment application in accordance
with paragraph (a) of this section, submit to
DSAA, at the address set forth in paragraph (b) of
this section, a written plan of prepayment. To
qualify for review, a plan of prepayment must
include a detailed description of the proposed
financing structure clearly addressing the terms
and conditions of the proposed Private Loan. DSAA
will review each plan of prepayment submitted by
Borrowers and may engage in informal, non-binding
discussions with each Borrower that submitted a
plan of prepayment to assist such Borrower in
preparing a prepayment application.