(d) Prior to the execution by DOE of an Agreement, DOE must ensure that the following requirements and conditions, which must be specified in the Agreement, are satisfied:
- (1) The Borrower is a Eligible Applicant as defined in this part;
- (2) The Agreement is for an Eligible Project as defined in this part;
- (3) The principal amount of the loan is limited to no more than 80 percent of reasonably anticipated total Project Costs;
- (4) Loan funds will be disbursed only to meet immediate cash disbursement needs of the Borrower and not for investment purposes, and any investment earnings obtained in excess of accrued interest expense will be returned to United States Government; and
- (5) Such documents, representations, warrants and covenants as DOE may require.