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The Loan Agreement With Guarantor is a crucial financial instrument used in Irish lending practices when additional security is required beyond the borrower's own covenant. This document is typically employed when a lender requires extra assurance for loan repayment, particularly in situations involving new businesses, substantial loan amounts, or borrowers with limited credit history. The agreement comprehensively details the loan facility, including amount, interest, repayment terms, and conditions, while establishing the guarantor's obligations and liability extent under Irish law. It ensures compliance with Irish financial regulations, including the Consumer Credit Act 1995 and Central Bank requirements where applicable. The document is structured to protect all parties' interests while maintaining enforceability under Irish jurisdiction, incorporating necessary provisions for both commercial and consumer lending scenarios.

1. Parties: Identifies and defines the Lender, Borrower, and Guarantor with full legal names and addresses

2. Background: Explains the context of the loan and guarantee arrangement, including the Borrower's request for the loan and the Guarantor's willingness to guarantee it

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out rules for interpreting the document

4. The Loan: Specifies the loan amount, purpose, and conditions precedent to drawdown

5. Interest: Details the interest rate(s), calculation method, and payment terms

6. Repayment: Sets out the repayment schedule, payment methods, and early repayment provisions

7. The Guarantee: Details the Guarantor's obligations, extent of guarantee, and nature of liability

8. Representations and Warranties: Statements of fact from both Borrower and Guarantor about their capacity and ability to enter into the agreement

9. Borrower's Covenants: Ongoing obligations of the Borrower throughout the loan term

10. Guarantor's Covenants: Ongoing obligations of the Guarantor throughout the guarantee period

11. Events of Default: Lists circumstances that would constitute a default and the consequences

12. Protection of the Lender: Provisions ensuring the Lender's rights are protected, including indemnities

13. Notices: Specifies how formal communications between parties should be made

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and governing law

15. Execution: Signature blocks for all parties and any witnessing requirements