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An Amendment of Loan Agreement is a crucial document used when parties need to modify terms of an existing loan arrangement without creating an entirely new agreement. Under Swiss law, this document requires careful consideration of the Swiss Code of Obligations and, where applicable, banking regulations. The amendment typically addresses specific changes such as loan amount adjustments, interest rate modifications, repayment schedule alterations, or covenant updates. This document type is particularly important in the Swiss financial landscape, where precision and clarity in contractual modifications are essential. The Amendment of Loan Agreement must clearly reference the original agreement, specify exact changes, and ensure compliance with Swiss legal requirements, particularly regarding form requirements and execution formalities.
