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The Loan Indemnity Agreement is a critical document in lending transactions where additional security or protection is required beyond standard loan documentation. This agreement, governed by Irish law, is commonly used in scenarios where there is a need to provide lenders with extra comfort regarding potential losses or specific risks associated with a loan facility. The document typically accompanies larger commercial loans, project financing, or complex lending arrangements where multiple parties are involved. It sets out the precise circumstances under which the indemnity can be called upon, the procedures for making claims, and the extent of the indemnifier's obligations. The agreement must comply with Irish financial services regulations and banking laws, particularly regarding enforceability and financial institution requirements.

1. Parties: Identifies and defines all parties to the agreement - typically the Indemnifier, the Beneficiary, and potentially the original Borrower

2. Background: Sets out the context of the agreement, including details of the underlying loan and the purpose of the indemnity

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Indemnity: Core section detailing the scope, nature and extent of the indemnity being provided

5. Trigger Events: Specifies the circumstances under which the indemnity can be called upon

6. Claims Procedure: Details the process for making and responding to indemnity claims

7. Representations and Warranties: States the representations and warranties given by each party

8. Covenants: Sets out ongoing obligations of the parties during the life of the agreement

9. Duration and Termination: Specifies the term of the agreement and circumstances for termination

10. Payments and Interest: Details payment obligations, including any interest calculations and payment mechanics

11. Enforcement: Describes the enforcement rights and remedies available to the parties

12. General Provisions: Standard boilerplate clauses including notices, amendments, assignment, etc.

13. Governing Law and Jurisdiction: Specifies Irish law as governing law and establishes jurisdiction for disputes