The decision

Once the term sheet has been agreed, it will normally be necessary to formalise the terms and conditions of the investment through legal documentation, taking the form of a shareholders' agreement. It may also be necessary to follow other legal formalities. Once this documentation has been completed, the funds can be drawn down. Please note that it is normal for the funds to be advanced in several tranches, each conditional on the successful achievement of milestones.

Related FAQs:
What equity stake will Cascade take?