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The Amended And Restated Loan Agreement is utilized when parties need to substantially modify an existing loan arrangement while maintaining the continuity of the original agreement. This document type is particularly relevant in the Indian legal context where significant changes to loan terms, such as interest rates, repayment schedules, or security structures, necessitate a comprehensive restatement of the agreement. It's commonly used in corporate refinancing, debt restructuring, or when the complexity of multiple amendments warrants consolidation into a single document. The agreement must comply with Indian banking regulations, including RBI guidelines, and typically includes detailed provisions on security continuation, revised financial covenants, and updated representations and warranties. This document type is especially important in the Indian market where evolving business conditions and regulatory requirements often necessitate loan restructuring while preserving the original security and registration benefits.

1. Parties: Identification of the lender(s) and borrower(s) with their complete legal names and addresses

2. Background: Recitals explaining the original loan agreement, reason for amendment and restatement, and confirmation that this agreement supersedes the original

3. Definitions and Interpretation: Definitions of terms used in the agreement and rules of interpretation

4. Amendment and Restatement: Express provision regarding the amendment and restatement of the original agreement, including effective date

5. Facility Amount and Purpose: Details of the loan amount, any changes to it, and permitted use of funds

6. Interest and Fees: Interest rate, calculation method, payment dates, and applicable fees

7. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics

8. Conditions Precedent: Conditions that must be satisfied before the amended agreement becomes effective

9. Representations and Warranties: Statements of fact and assurances given by the borrower

10. Covenants: Positive and negative obligations of the borrower during the loan term

11. Events of Default: Circumstances that constitute default and consequences thereof

12. Continuity and Security Confirmation: Confirmation that existing security continues and remains in full force

13. Notices: Process and addresses for formal communications between parties

14. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

15. Miscellaneous: Standard boilerplate provisions including severability, amendments, and counterparts