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Supplemental Loan Agreement for Germany

Supplemental Loan Agreement Template for Germany

A Supplemental Loan Agreement is a legal document governed by German law that modifies, amends, or supplements an existing loan agreement between parties. It addresses specific changes to the original loan terms while maintaining the fundamental structure of the initial agreement. The document must comply with German civil law requirements, particularly the Bürgerliches Gesetzbuch (BGB), and typically includes modifications to terms such as loan amount, interest rates, repayment schedules, or security arrangements. It ensures that all changes are properly documented and legally binding while preserving the elements of the original agreement that remain unchanged.

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What is a Supplemental Loan Agreement?

A Supplemental Loan Agreement is utilized when parties need to modify an existing loan agreement without completely restating or replacing it. This document type is particularly relevant in scenarios such as loan restructuring, extending additional credit, modifying payment terms, or adjusting security arrangements. Under German law, it must comply with specific requirements of the Bürgerliches Gesetzbuch (BGB) and banking regulations. The agreement typically includes references to the original loan agreement, detailed descriptions of the modifications, confirmations of unchanged terms, and any necessary updates to representations and warranties. It's commonly used in both corporate and commercial lending contexts, requiring careful attention to both legal and financial details to ensure enforceability and clarity of the modified terms.

What sections should be included in a Supplemental Loan Agreement?

1. Parties: Identification of all parties to the supplemental agreement, including their legal names, registration details, and addresses

2. Background: References to the original loan agreement, reason for the supplement, and context of the modifications

3. Definitions: Key terms used in the supplemental agreement, including references to definitions from the original agreement that remain applicable

4. Amendments to Original Agreement: Detailed description of specific modifications to the original loan agreement, clearly identifying affected sections and new terms

5. Confirmation of Other Terms: Confirmation that all other terms of the original agreement remain in full force and effect

6. Effective Date: Specification of when the supplemental agreement takes effect

7. Representations and Warranties: Updated or additional representations and warranties specific to the supplemental agreement

8. Governing Law and Jurisdiction: Confirmation of German law as governing law and jurisdiction for disputes

9. Execution: Signature blocks and execution requirements under German law

What sections are optional to include in a Supplemental Loan Agreement?

1. Additional Security: Include when the supplement involves changes to or additional security arrangements

2. Conditions Precedent: Include when the effectiveness of the supplement is subject to certain conditions being met

3. Fee Provisions: Include when the supplement involves changes to fee structures or new fees

4. Tax Provisions: Include when the supplement has specific tax implications or changes to tax-related provisions

5. Consent and Waiver: Include when third-party consents are required or certain rights are being waived

6. Break Costs: Include when changes affect potential break costs or early termination provisions

7. Regulatory Compliance: Include when changes are needed to address new regulatory requirements

What schedules should be included in a Supplemental Loan Agreement?

1. Schedule 1 - Amended Loan Terms: Detailed listing of specific terms being amended, showing both original and new versions

2. Schedule 2 - Amended Repayment Schedule: Updated repayment schedule if payment terms are modified

3. Schedule 3 - Form of Effective Date Notice: Template for confirming when conditions precedent are met and supplement becomes effective

4. Appendix A - Required Consents: Copies of third-party consents or waivers obtained for the supplement

5. Appendix B - Amended Security Documents: Copies of any modified or new security documentation

6. Appendix C - Compliance Certificates: Updated forms of compliance certificates if reporting requirements change

Authors

Alex Denne

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

Jurisdiction

Germany

Publisher

Ƶ

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions








































Clauses






























Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Infrastructure

Energy

Healthcare

Technology

Transportation and Logistics

Construction

Retail

Telecommunications

Agriculture

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Secretariat

Credit Administration

Banking Operations

Corporate Finance

Documentation

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Banking Lawyer

Finance Manager

Credit Manager

Risk Manager

Compliance Officer

Corporate Secretary

Banking Relationship Manager

Loan Officer

Financial Controller

Managing Director

Chief Executive Officer

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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