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The Loan Master Agreement is designed for use in the Philippine jurisdiction where parties intend to establish a long-term lending relationship with multiple loan drawdowns. It provides a efficient framework for repeated lending transactions, eliminating the need to negotiate separate loan agreements for each transaction while ensuring compliance with Philippine banking regulations and the Civil Code. The document typically includes comprehensive provisions for facility utilization, interest calculations, security arrangements, and covenant packages, all tailored to meet local legal requirements and market practice. It's particularly useful for revolving credit facilities, multiple-tranche loans, or ongoing lending relationships where flexibility and efficiency in documentation are priorities.

1. Parties: Identification of the lender and borrower, including their complete legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between parties, and purpose of establishing the master loan facility

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation

4. The Facility: Details of the master facility, including nature, purpose, and overall limit of the loan facility

5. Utilization: Procedures and conditions for requesting and drawing down individual loans under the facility

6. Interest and Fees: Interest calculation methodology, applicable rates, default interest, and all associated fees

7. Repayment and Prepayment: Terms for repayment of loans, prepayment options, and related conditions

8. Conditions Precedent: Conditions that must be satisfied before any utilization of the facility

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

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

11. Events of Default: Circumstances constituting default and their consequences

12. Changes to Parties: Rules regarding assignment, transfer, and delegation of rights and obligations

13. Administration: Operational aspects including calculations, notifications, and payment mechanics

14. Governing Law and Enforcement: Choice of law, jurisdiction, and dispute resolution provisions

15. Notices: Communication procedures and contact details for formal notices

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