Document background
The Amended and Restated Loan Agreement is utilized when substantial changes to an existing loan agreement are required, but parties prefer to maintain the fundamental lending relationship. This document type is commonly used in Australian commercial lending when modifications to key terms such as loan amount, interest rates, maturity date, or security arrangements are needed, or when multiple amendments have made the original agreement difficult to follow. It serves to consolidate all terms into a single, clear document while maintaining the continuity of the lending relationship and security arrangements. The agreement must comply with Australian banking regulations, financial services laws, and state-specific contract requirements. It typically includes detailed provisions about the amendments being made, restatement of all continuing terms, and updated conditions reflecting current market practices and regulatory requirements.
