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Official Loan Agreement
"I need a Dutch law Official Loan Agreement for a €500,000 corporate loan to be drawn down by March 2025, with quarterly repayments over 5 years and an interest rate of EURIBOR plus 3%."
1. Parties: Identification of the lender and borrower with full legal names and addresses
2. Background: Context of the loan agreement and the parties' intention to enter into the lending arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. The Loan: Principal amount, purpose, and basic terms of the loan
5. Drawdown: Conditions and procedures for disbursement of the loan
6. Interest: Interest rate, calculation method, and payment terms
7. Repayment: Repayment schedule, methods, and terms
8. Representations and Warranties: Statements of fact and assurances given by the borrower
9. Covenants: Ongoing obligations of the borrower during the loan term
10. Events of Default: Circumstances that constitute default and their consequences
11. Taxes: Treatment of taxes and other governmental charges
12. Notices: Method and addresses for formal communications between parties
13. Assignment and Transfer: Rules regarding transfer of rights and obligations
14. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Security: Details of any collateral or security arrangements - include when loan is secured
2. Guarantees: Terms of any guarantees - include when there are third-party guarantors
3. Insurance: Required insurance coverage - include when specific insurance is required
4. Conditions Subsequent: Conditions to be fulfilled after drawdown - include for complex commercial loans
5. Information Undertakings: Specific reporting requirements - include for business loans
6. Financial Covenants: Financial maintenance requirements - include for corporate borrowers
7. Costs and Expenses: Allocation of transaction costs - include for larger commercial loans
8. Prepayment: Terms for early repayment - include when early repayment is permitted
9. Multiple Lenders: Syndication provisions - include for syndicated loans
1. Repayment Schedule: Detailed amortization table showing payment dates and amounts
2. Conditions Precedent: List of documents and conditions required before drawdown
3. Form of Drawdown Notice: Template for borrower to request loan disbursement
4. Security Details: Detailed description of any security or collateral
5. Form of Compliance Certificate: Template for periodic compliance reporting
6. Permitted Security: List of security interests allowed to exist
7. Calculation of Interest: Detailed interest calculation methodology
8. Required Insurance: Specifications of required insurance coverage
9. Contact Details: List of authorized representatives and contact information
Authors
Banking & Financial Services
Corporate Finance
Real Estate
Manufacturing
Technology
Retail
Healthcare
Energy
Infrastructure
Agriculture
Transport & Logistics
Professional Services
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Banking
Documentation
Loan Administration
Risk Management
Commercial Banking
Corporate Finance
Business Development
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Loan Officer
Credit Manager
Risk Manager
Compliance Officer
Account Manager
Financial Controller
Corporate Secretary
Business Development Manager
Portfolio Manager
Transaction Manager
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