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Finance Contract
"I need a Finance Contract governed by Qatar law for a corporate term loan facility of QAR 50 million to be provided by Qatar National Bank to a real estate development company, with completion scheduled for March 2025, including security over the developed property and a corporate guarantee."
1. Parties: Identification of the finance provider and the borrower/customer, including full legal names and addresses
2. Background: Context of the financing arrangement and brief description of the purpose
3. Definitions and Interpretation: Key terms used throughout the agreement, including financial terms and calculation methods
4. Facility Details: Amount, purpose, and type of financing facility being provided
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Drawdown Mechanics: Process and requirements for utilizing the facility
7. Payment Provisions: Terms of repayment, profit rate calculations, and payment schedules
8. Security: Details of any security or collateral provided for 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 facility period
11. Events of Default: Circumstances that would trigger default and remedies available
12. Indemnities: Protections and indemnifications provided to the finance provider
13. Changes to Parties: Rules regarding assignment and transfer of rights and obligations
14. Notices: Communication methods and contact details for formal notices
15. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction arrangements
1. Sharia Compliance: Required if the facility is intended to be Sharia-compliant, detailing relevant Islamic finance principles and structure
2. Security Agent Provisions: Required in syndicated facilities where a security agent holds security on behalf of multiple finance providers
3. Tax Provisions: Detailed tax clauses required if cross-border elements or specific tax considerations apply
4. Currency Provisions: Required if the facility involves multiple currencies or foreign exchange considerations
5. Account Bank Provisions: Required if specific account arrangements or account bank roles are needed
6. Insurance: Required if specific insurance requirements are imposed on the borrower
7. Guarantee: Required if third-party guarantees are part of the security structure
1. Facility Terms: Detailed commercial terms including amounts, profit rates, and payment schedules
2. Conditions Precedent Documents: List of required documents and conditions to be satisfied
3. Form of Drawdown Request: Template for borrower to request utilization of the facility
4. Repayment Schedule: Detailed schedule of repayment dates and amounts
5. Security Documents: Forms of security documents or list of security arrangements
6. Form of Transfer Certificate: Template for transferring rights and obligations under the facility
7. Addresses for Notices: Detailed contact information for all parties
8. Form of Compliance Certificate: Template for periodic compliance reporting by borrower
Authors
Banking
Financial Services
Real Estate
Construction
Energy
Infrastructure
Manufacturing
Retail
Healthcare
Education
Hospitality
Transportation
Technology
Telecommunications
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Islamic Banking
Credit
Commercial
Company Secretariat
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Risk Manager
Banking Relationship Manager
Credit Officer
Finance Manager
Commercial Director
Company Secretary
Islamic Finance Specialist
Senior Banker
Transaction Manager
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