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Finance Contract Template for Qatar

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Key Requirements PROMPT example:

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."

Document background
The Finance Contract serves as the primary documentation for financial facilities in Qatar, establishing the legal relationship between finance providers and borrowers. It is typically used for corporate lending, project finance, or commercial financing arrangements where detailed terms and conditions need to be documented in compliance with Qatar law. The document must align with Qatar Civil Code requirements, Qatar Central Bank regulations, and potentially Islamic finance principles depending on the structure. It includes comprehensive provisions covering facility terms, security arrangements, representations and warranties, covenants, and enforcement mechanisms. The agreement can be adapted for various financing structures while maintaining compliance with local regulatory requirements and market practices in Qatar's financial sector.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































































Clauses



































Relevant Industries

Banking

Financial Services

Real Estate

Construction

Energy

Infrastructure

Manufacturing

Retail

Healthcare

Education

Hospitality

Transportation

Technology

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Banking

Islamic Banking

Credit

Commercial

Company Secretariat

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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