At Fidavora, we take care to fully understand our Clients and their business needs, and to ensure clarity, we’ve outlined the key terms we use regularly to avoid any confusion around financial or business language.

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Definitions used by Fidavora Commercial Brokerage - FZCO (on its website and within its documentation)

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Binding Written Offer Terms 

The final document produced, or any further versions of it, from any Lenders/Investors to the Client which details the Investment Amount and terms of the contract.

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Business Day     

A day other than a Saturday, Sunday, or public holidays when banks are open for business in both countries where each Party resides as per this Agreement.

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Completion Fee     

The final fee charged by Fidavora for fulfilling the Funding Request.

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Funding Channel    

Any company or business that Fidavora works with to fulfil the Funding Request by using the Funding Channel’s panel of Lenders/Investors.

 

Funding Request    

An application to Fidavora by the Client to obtain financing via the Lenders/Investors and or Funding Channels that Fidavora has access to and all subsequent due diligence required to secure Binding Written Offer Terms and draw down of the Investment Amount.

 

Initial Fee    

The fee Fidavora charges for assessing the opportunity, working on the initial due diligence, submitting the deal, obtaining LoE & ITs and continuing to assist the Client during the whole process.

 

Investment Amount    

The funding amount raised for the Client via Fidavora and its Funding Channels and/or Lenders/Investors.

 

Lenders/Investors    

Any source of funding introduced via Fidavora and or via any of Fidavora’s Funding Channels that assists with the Client’s Funding Request.

 

LoE & ITs    

The Letter of Engagement and Indicative Terms which Fidavora facilitates for the Client via its Funding Channels and/or Lenders/Investors and/or Specified Funder(s). Please note this is one single document. LoE & ITs covers all indicative term documentation which outlines the deal structure and terms of the deal associated with the Funding Request. Please note the LoE & ITs will have a validity date, which is normally 14 days, but this cannot be categorically known until the LoE & ITs have been received. If the LoE & ITs are not signed by the Client within the stated validity date and all required fees at that stage have also been paid, Fidavora may be able to obtain an extension on the validity date, but there is a small additional and non-refundable administrative fee for all such extension requests that must be paid before Fidavora makes any request for any extensions. This administration fee is calculated on a case-by-case basis and will be communicated to the Client before the extension request is made.

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Walk Away Fee    

The fee charged by Fidavora for obtaining Binding Written Offer Terms that substantially match or better the LoE & ITs and which the Client does not proceed with, subject to further conditions within this Agreement.