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Loan Commitment Agreement
1. Parties: Identification of the lender and borrower with full legal names and registration details
2. Background: Context of the loan commitment, including purpose and any relevant pre-existing relationships
3. Definitions and Interpretation: Definitions of key terms and rules for interpreting the agreement
4. The Commitment: Details of the loan commitment, including amount, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before the loan can be drawn
6. Drawdown Mechanics: Procedures and requirements for requesting and making drawdowns
7. Interest and Fees: Interest rate provisions, commitment fees, and other applicable charges
8. Repayment and Prepayment: Terms for repayment and any voluntary or mandatory prepayment provisions
9. Representations and Warranties: Statements of fact and assurances given by the borrower
10. Covenants: Ongoing obligations of the borrower during the commitment period
11. Events of Default: Circumstances that constitute default and their consequences
12. Changes to Parties: Provisions regarding assignment and transfer rights
13. Notices: Communication procedures between parties
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
15. Execution: Signature blocks and execution requirements
1. Security: Include when the loan commitment requires security or guarantees
2. Syndication Provisions: Include for loan commitments that may be syndicated to multiple lenders
3. Tax Provisions: Detailed tax provisions when cross-border elements or specific tax considerations apply
4. Currency Provisions: Include when the loan may be drawn in multiple currencies
5. Market Disruption: Include for floating rate loans to address market disruption scenarios
6. Increased Costs and Illegality: Include when regulatory changes might affect the lender's costs or ability to lend
7. Green Loan Provisions: Include when the loan commitment has environmental or sustainability conditions
1. Form of Drawdown Request: Template for borrower to request drawdown under the commitment
2. Conditions Precedent Documents: Detailed list of required documents and conditions
3. Calculation of Interest Rate: Detailed methodology for calculating applicable interest rates
4. Form of Compliance Certificate: Template for periodic compliance certification by borrower
5. Permitted Security: List of security interests permitted under the agreement
6. Permitted Financial Indebtedness: List of other permitted borrowings and financial obligations
7. Form of Transfer Certificate: Template for transferring commitments between lenders
8. Financial Covenants Calculations: Detailed methodology for calculating financial covenants
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