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Addendum To Loan Agreement Template for Switzerland

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Key Requirements PROMPT example:

Addendum To Loan Agreement

"I need an Addendum to Loan Agreement under Swiss law to modify the interest rate from 5% to 3.5% and extend the loan maturity date to March 15, 2025, for an existing commercial loan agreement between ABC Bank AG and Tech Solutions GmbH."

Document background
The Addendum To Loan Agreement is a critical document used when parties need to modify the terms of an existing loan agreement without creating an entirely new contract. Under Swiss law, this document serves as a formal amendment instrument that allows parties to adjust specific terms such as interest rates, repayment schedules, loan amounts, or security arrangements while preserving the core structure of the original agreement. It's commonly used in response to changing business conditions, refinancing needs, or when parties agree to restructure loan terms. The document must comply with Swiss legal requirements, particularly the formalities specified in the Swiss Code of Obligations, and should be carefully drafted to ensure clarity regarding which provisions are being modified and which remain unchanged. This type of addendum is particularly relevant in the Swiss financial sector, where precision and clarity in contractual modifications are essential for both regulatory compliance and practical effectiveness.
Suggested Sections

1. Parties: Identification of all parties to the original loan agreement and confirmation that they remain the same

2. Background: Reference to the original loan agreement including date, parties, and subject matter, and brief explanation of why the addendum is needed

3. Definitions: Key terms used in the addendum, incorporating definitions from the original agreement and adding any new terms

4. Amendments: Clear and specific listing of each modification to the original agreement, with reference to specific sections being modified

5. Confirmation: Statement that all other terms and conditions of the original agreement remain unchanged and in full force and effect

6. Effective Date: Specification of when the amendments take effect

7. Governing Law and Jurisdiction: Confirmation of Swiss law as governing law and jurisdiction (typically matching the original agreement)

8. Execution: Signature blocks for all parties

Optional Sections

1. Representations and Warranties: Additional or updated representations if new circumstances need to be certified - include if there are material changes to the parties' situations

2. Conditions Precedent: Any conditions that must be met before the amendments become effective - include if there are prerequisite actions or documents required

3. Security Amendments: Modifications to any security arrangements - include if the original agreement had security provisions that need updating

4. Fees and Expenses: Details of any costs associated with the amendment - include if there are charges for the modification

5. Notices: Updated contact information or notice requirements - include if there are changes to contact details or communication methods

6. Third Party Rights: Impact on any third party rights - include if the amendments affect guarantors or other third parties

Suggested Schedules

1. Schedule of Amendments: Detailed table or list showing original clauses and their amended versions

2. Updated Payment Schedule: If payment terms are modified, a revised schedule of payments

3. Updated Security Documents: If security arrangements are modified, copies of amended security documentation

4. Conditions Precedent Checklist: List of documents and conditions required before the addendum becomes effective

5. Consent Letters: Any required consent letters from third parties (e.g., guarantors, security providers)

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Banking

Financial Services

Real Estate

Construction

Manufacturing

Retail

Technology

Healthcare

Energy

Infrastructure

Agriculture

Hospitality

Transportation

Professional Services

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Compliance

Corporate Secretariat

Business Development

Operations

Risk Management

Transaction Management

Relevant Roles

Legal Counsel

Corporate Lawyer

Finance Director

Chief Financial Officer

Treasury Manager

Loan Officer

Relationship Manager

Credit Risk Manager

Compliance Officer

Contract Manager

Financial Controller

Banking Executive

Corporate Secretary

Risk Manager

Transaction Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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