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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."
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
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
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
Banking & Financial Services
Real Estate
Manufacturing
Retail
Technology
Infrastructure
Healthcare
Energy
Transportation
Telecommunications
Construction
Hospitality
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit Analysis
Loan Operations
Documentation
Company Secretarial
Portfolio Management
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
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