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Amended Loan Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Amended Loan Agreement

"I need an Amended Loan Agreement under Hong Kong law to modify an existing USD 5 million corporate loan by extending the repayment deadline to March 2025 and adjusting the interest rate from 5% to 6.5% per annum."

Document background
The Amended Loan Agreement is utilized when parties to an existing loan arrangement need to modify specific terms while keeping the core agreement intact. This document is essential in Hong Kong's dynamic financial landscape where changing business conditions, refinancing needs, or financial restructuring may necessitate loan modifications. It must comply with Hong Kong's strict financial regulations, particularly the Money Lenders Ordinance and Banking Ordinance. The agreement typically includes details of the original loan, specific amendments, conditions precedent, and updated terms while ensuring continued validity of security arrangements. It's particularly relevant in scenarios involving corporate refinancing, payment restructuring, or when accommodating changes in business circumstances that affect the original loan terms.
Suggested Sections

1. Parties: Identification of the Lender and Borrower, including their full legal names, registration details, and addresses

2. Background: Recitals explaining the original loan agreement details, reason for amendment, and confirmation that parties wish to amend specific terms

3. Definitions and Interpretation: Definitions from original agreement, new definitions required for amendments, and interpretation rules

4. Amendment Provisions: Specific clauses being amended, with clear reference to original clause numbers and new replacement text

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

6. Effective Date: Specification of when the amendments take effect and any conditions precedent to effectiveness

7. Representations and Warranties: Updated or additional representations and warranties regarding the amendment

8. Governing Law and Jurisdiction: Confirmation of Hong Kong law as governing law and jurisdiction for dispute resolution

9. Execution: Signature blocks for all parties and execution requirements

Optional Sections

1. Additional Security Provisions: Include if amendments affect existing security or require additional security arrangements

2. Guarantor Consent: Required if the original loan has guarantors who need to consent to the amendments

3. Fee Provisions: Include if there are amendment fees or changes to existing fee structures

4. Tax Provisions: Include if amendments have tax implications requiring specific provisions

5. Regulatory Compliance: Include if amendments trigger additional regulatory requirements

6. Events of Default Modifications: Include if amendments affect or modify events of default

7. Interest Rate Modifications: Include if amendments change interest rate calculations or periods

Suggested Schedules

1. Schedule 1 - Original Loan Agreement: Copy or reference to the original loan agreement being amended

2. Schedule 2 - Amended Terms: Detailed list of all amendments in tabular format showing original vs. new terms

3. Schedule 3 - Conditions Precedent: List of any conditions that must be satisfied before amendments take effect

4. Schedule 4 - Amended Repayment Schedule: If payment terms are amended, new repayment schedule with dates and amounts

5. Schedule 5 - Form of Notices: Updated notice provisions and contact details if changed

6. Appendix A - Corporate Authorizations: Copies of corporate approvals and resolutions authorizing the amendments

7. Appendix B - Security Confirmations: Confirmation of existing security arrangements and any modifications

Authors

Alex Denne

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

Relevant legal definitions








































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Relevant Industries

Banking & Financial Services

Real Estate

Manufacturing

Retail

Technology

Infrastructure

Healthcare

Energy

Transportation

Telecommunications

Construction

Hospitality

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Banking

Credit Analysis

Loan Operations

Documentation

Company Secretarial

Portfolio Management

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Compliance Officer

Credit Risk Manager

Relationship Manager

Loan Officer

Corporate Banking Manager

Financial Controller

Company Secretary

Restructuring Manager

Portfolio Manager

Risk Assessment Officer

Banking Operations Manager

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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