Focus on Energy requires its first monthly repayment within 60 days following loan closing. Loan repayments are due monthly thereafter. The lenders should prepare a loan repayment schedule for the borrower and provide a copy of that schedule to Focus on Energy as part of the Participation Agreement.
Focus on Energy does not allow for a grace or deferment period on repayment of its share of the loan. The bank, at its discretion, may choose to provide a grace period (or require interest payments only) on its share of the loan; however, doing so does not relieve the borrower from making full scheduled repayments on the balance due to Focus on Energy.