Flow of Funds Memorandum (Streaming Transaction) (Borrower)

Summary

This is a precedent flow of funds memorandum that a borrower delivers on the closing of a loan transaction in order to direct the lender on how the loan proceeds should be distributed to the borrower. For more information on streaming transactions, see practice notes Streaming Transaction as an Alternative Financing Transaction, Streaming Agreements, and Streaming Closings. For a precedent streaming agreement, see Streaming Agreement. For more precedents about payments in streaming transactions, see Upfront Payment Direction (Streaming Transaction) and Upfront Payment Receipt (Streaming Transaction). For more materials on mining companies and streaming transactions, see the Mining Companies Resource Kit.