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1. Parties: Identifies and provides full legal names and addresses of the lender and borrower
2. Background: Explains the context of the loan agreement and the parties' intention to enter into a secured lending arrangement
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Loan Amount and Terms: Specifies the principal amount, interest rate, term of the loan, and payment schedule
5. Security Interest: Describes the collateral being pledged and creates the security interest in favor of the lender
6. Representations and Warranties: Statements of fact by the borrower regarding their legal capacity, ownership of collateral, and other material facts
7. Covenants: Ongoing obligations of the borrower, including maintenance of collateral, insurance requirements, and financial reporting
8. Events of Default: Lists circumstances that constitute default and trigger enforcement rights
9. Remedies: Details the lender's rights and remedies upon default, including enforcement of security
10. Notice Provisions: Specifies how and where formal notices must be delivered
11. General Provisions: Standard clauses including governing law, assignment, amendments, and severability
1. Guarantor Provisions: Required when a third party is guaranteeing the loan obligations
2. Insurance Requirements: Detailed insurance obligations when specific coverage types are required for valuable collateral
3. Environmental Matters: Required when collateral includes real property or business assets with environmental risks
4. Cross-Default Provisions: Used when the borrower has other loans with the same lender
5. Financial Covenants: Required for business loans with specific financial performance requirements
6. Subordination Terms: Needed when there are multiple lenders and priority arrangements
7. Currency Provisions: Required for loans involving multiple currencies
8. Syndication Rights: Included when the lender may want to participate or syndicate the loan
1. Schedule A - Collateral Description: Detailed description of all assets serving as collateral, including serial numbers and locations
2. Schedule B - Payment Schedule: Detailed amortization schedule showing payment dates, amounts, and interest calculations
3. Schedule C - Permitted Liens: List of pre-existing liens or encumbrances allowed on the collateral
4. Schedule D - Form of Compliance Certificate: Template for periodic borrower certifications of compliance with agreement terms
5. Appendix 1 - Insurance Requirements: Detailed specifications for required insurance coverage
6. Appendix 2 - Additional Security Documents: Forms of additional security documents such as PPSA financing statements or share pledges
7. Appendix 3 - Guarantor Documents: Forms of guarantee and supporting documents if applicable
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Document Management
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Finance Director
Credit Manager
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