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Loan Purchase Agreement
"I need a Qatar law Loan Purchase Agreement for a conventional corporate loan portfolio sale between two QFC-licensed banks, with completion scheduled for March 2025 and including post-completion servicing arrangements."
1. Parties: Identification of the seller (existing lender) and purchaser of the loans
2. Background: Context of the transaction, including description of the loan portfolio being sold
3. Definitions and Interpretation: Key terms used in the agreement and rules of interpretation
4. Sale and Purchase: Core transaction terms including purchase price, payment mechanics, and effective date
5. Conditions Precedent: Prerequisites that must be satisfied before the transfer becomes effective
6. Completion: Process and requirements for closing the transaction
7. Representations and Warranties: Statements of fact and assurances from both parties about their capacity and the loan portfolio
8. Seller's Undertakings: Ongoing obligations of the seller regarding the loans and documentation
9. Transfer Mechanics: Detailed process for transferring the loans, including notices and documentation
10. Payment Provisions: Details of purchase price calculation, adjustments, and payment terms
11. Further Assurance: Obligations to take additional actions necessary to effect the transfer
12. Confidentiality: Provisions protecting confidential information and customer data
13. Governing Law and Jurisdiction: Qatar law as governing law and jurisdiction for disputes
14. Notices: Process and requirements for formal communications between parties
15. General Provisions: Standard boilerplate clauses including amendments, waivers, and severability
1. Shariah Compliance: Required for Islamic loans, including relevant Shariah principles and compliance requirements
2. Security Transfer: Required if the loans are secured, detailing the transfer of associated security interests
3. Servicing Arrangements: Required if the seller will continue to service the loans post-transfer
4. Tax Provisions: Detailed tax provisions required for complex transactions or cross-border elements
5. Data Protection: Enhanced data protection provisions required for retail loan portfolios
6. Consumer Protection: Required for retail loan portfolios, addressing Qatar consumer protection requirements
7. Regulatory Compliance: Additional regulatory provisions required for regulated entities or specific loan types
1. Schedule 1 - The Loans: Detailed list and description of loans being transferred
2. Schedule 2 - Loan Documents: List of all relevant loan documentation being transferred
3. Schedule 3 - Form of Transfer Notice: Template notice to borrowers regarding the transfer
4. Schedule 4 - Completion Requirements: Detailed checklist of completion deliverables and requirements
5. Schedule 5 - Seller's Power of Attorney: Form of power of attorney for post-completion actions
6. Schedule 6 - Purchase Price Calculation: Methodology and calculations for the purchase price
7. Appendix 1 - Form of Assignment Agreement: Template for individual loan assignments if required
8. Appendix 2 - Security Transfer Forms: Templates for transferring any associated security interests
Authors
Banking
Financial Services
Investment Management
Islamic Finance
Corporate Finance
Asset Management
Private Equity
Debt Capital Markets
Commercial Banking
Investment Banking
Legal
Finance
Treasury
Risk Management
Compliance
Credit
Operations
Investment
Portfolio Management
Islamic Banking
Trading
Structured Finance
Corporate Finance
Documentation
Chief Financial Officer
Head of Treasury
Legal Counsel
Finance Director
Investment Manager
Portfolio Manager
Credit Risk Manager
Compliance Officer
Banking Operations Manager
Transaction Manager
Debt Trading Manager
Structured Finance Manager
Islamic Finance Specialist
Senior Loan Officer
Corporate Finance Manager
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