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Loan Market Agreement
"I need a bilateral Swiss law Loan Market Agreement for a CHF 50 million secured term loan facility to be provided by UBS to a Swiss manufacturing company, with quarterly repayments over 5 years starting March 2025."
1. Parties: Identification of the lender(s), borrower(s), and any other parties to the agreement
2. Background: Context of the loan agreement and primary purpose of the facility
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules
4. The Facility: Core terms of the loan including amount, purpose, and availability period
5. Conditions Precedent: Documents and conditions required before drawdown
6. Drawdown: Procedures and requirements for utilizing the loan facility
7. Interest: Interest calculation, periods, rates, and payment provisions
8. Repayment: Terms and schedule for repayment of the loan
9. Prepayment and Cancellation: Provisions for early repayment and facility cancellation
10. Tax Gross Up and Indemnities: Tax-related provisions and associated indemnities
11. Increased Costs: Provisions dealing with changes in costs due to regulatory or legal changes
12. Representations: Borrower's representations and warranties
13. Information Undertakings: Borrower's obligations to provide financial and other information
14. General Undertakings: Borrower's general operational and financial covenants
15. Events of Default: Circumstances constituting default and consequences
16. Changes to Parties: Provisions for transfers, assignments, and substitutions
17. Payment Mechanics: Administrative provisions for making payments
18. Set-off: Rights of set-off and counterclaim
19. Notices: Communication procedures between parties
20. Calculations and Certificates: Provisions regarding calculations and evidential value of certificates
21. Partial Invalidity: Severability provisions
22. Remedies and Waivers: Rights, remedies, and waiver provisions
23. Amendments and Waivers: Procedures for modifying the agreement
24. Governing Law and Enforcement: Choice of Swiss law and jurisdiction provisions
1. Agent and Security Agent Provisions: Required for syndicated loans to establish roles and responsibilities of facility and security agents
2. Security: Required for secured loans, detailing security package and enforcement rights
3. Guarantee: Required when guarantors are involved, detailing guarantee terms
4. Majority Lenders: Required for syndicated loans, defining voting rights and decision-making processes
5. Currency Provisions: Required for multi-currency facilities
6. Market Disruption: Optional provisions dealing with market disruption events
7. Anti-Corruption Laws: Enhanced compliance provisions for certain jurisdictions or borrower types
8. Bail-in Provisions: Required when involving EU regulated institutions
1. Schedule 1 - Conditions Precedent: Detailed list of required conditions precedent documents
2. Schedule 2 - Drawdown Request Form: Form for requesting loan disbursements
3. Schedule 3 - Form of Transfer Certificate: Template for transferring loan participations
4. Schedule 4 - Form of Compliance Certificate: Template for periodic compliance certification
5. Schedule 5 - Repayment Schedule: Detailed amortization schedule if applicable
6. Schedule 6 - Interest Calculation Examples: Examples illustrating interest calculations
7. Schedule 7 - Form of Accession Deed: Template for new parties joining the agreement
8. Schedule 8 - Form of Assignment Agreement: Template for assigning rights under the agreement
9. Schedule 9 - Form of Security Documents: Templates for security documentation if applicable
10. Appendix 1 - Lender Commitments: List of lenders and their commitments in syndicated loans
Authors
Banking
Financial Services
Insurance
Real Estate
Manufacturing
Technology
Healthcare
Energy
Infrastructure
Telecommunications
Retail
Transportation
Construction
Agriculture
Mining
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Banking
Syndications
Documentation
Risk Management
Transaction Management
Corporate Finance
Operations
Portfolio Management
Relationship Management
Credit Administration
Chief Financial Officer
Treasury Manager
Finance Director
Legal Counsel
Corporate Lawyer
Banking Lawyer
Compliance Officer
Credit Manager
Relationship Manager
Risk Manager
Transaction Manager
Finance Manager
Corporate Secretary
Bank Director
Loan Officer
Documentation Specialist
Senior Credit Analyst
Portfolio Manager
Syndications Manager
Restructuring Officer
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