Facility Agreement (Bilateral Loan Agreement)
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Facility agreementBusiness activity
Borrow moneyA facility agreement is a type of agreement that is used to provide financing for a company or individual. The agreement outlines the terms of the loan, including the interest rate, repayment schedule, and any collateral that is required. The agreement also outlines the roles and responsibilities of the lender and borrower.
The template covers all essential aspects of the loan agreement, including the loan amount, interest rate, repayment terms, and any specific obligations or covenants that both parties must adhere to. It provides a clear framework for the borrower and lender to understand their rights and responsibilities throughout the loan term.
Under UK law, this Facility Agreement ensures compliance with applicable legal requirements and regulations. It helps to safeguard the interests of both parties involved, minimizing potential disputes or misunderstandings.
This legal template can be utilized across various industries and sectors for bilateral loan transactions, such as financing for corporate acquisitions, infrastructure projects, real estate development, or working capital needs. It offers flexibility for customization, allowing parties to include specific provisions or clauses tailored to their unique requirements.
By using this Facility Agreement (Bilateral Loan Agreement) template under UK law, both the borrower and lender can establish a clear understanding of their financial obligations and protect their respective interests throughout the loan term. It serves as a valuable tool to formalize and regulate bilateral loan transactions under the legal framework of the United Kingdom.
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