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Company Loan Agreement
"I need a Company Loan Agreement for a HK$10 million secured loan from ABC Bank Limited to my technology manufacturing company, with the company's equipment and receivables serving as collateral, and the loan to be fully repaid by March 2025."
1. Parties: Identification of the lender and borrower company, including registration numbers and registered addresses
2. Background: Context of the loan arrangement and relationship between the parties
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. The Loan: Core terms of the loan including amount, purpose, and drawdown conditions
5. Interest: Interest rate, calculation method, and payment frequency
6. Repayment: Terms and schedule for repayment of the principal amount
7. Security: Details of any security or guarantees provided for the loan
8. Representations and Warranties: Statements of fact and assurances given by the borrower
9. Covenants: Positive and negative obligations of the borrower during the loan period
10. Events of Default: Circumstances that constitute default and consequences
11. Undertakings: Specific promises and commitments made by the borrower
12. Payments and Calculations: Mechanics of payments and calculation conventions
13. Changes to Parties: Rules for assignment and transfer of rights and obligations
14. Notices: Communication requirements and contact details
15. General Provisions: Standard boilerplate clauses including governing law and jurisdiction
1. Multiple Lenders: Required when there is more than one lender, including syndication provisions
2. Security Trustee: Needed when security is held on trust for multiple lenders
3. Subordination: Required when there are multiple creditors and priority arrangements
4. Guarantee: Include when third-party guarantees are part of the security package
5. Increased Costs: Protection for lenders against regulatory changes affecting loan costs
6. Tax Gross-Up: Provisions for tax implications and withholding requirements
7. Set-off Rights: Include when parties want right to set off debts against other obligations
8. Currency Provisions: Required for multi-currency loans or foreign currency considerations
1. Schedule 1 - Conditions Precedent: List of documents and conditions required before loan drawdown
2. Schedule 2 - Form of Drawdown Request: Template for borrower to request loan disbursement
3. Schedule 3 - Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Schedule 4 - Security Documents: List and copies of all security documents
5. Schedule 5 - Financial Covenants: Detailed financial ratios and calculations
6. Schedule 6 - Forms of Notices: Template notices for various communications
7. Appendix A - Corporate Authorizations: Copies of relevant board and shareholder resolutions
8. Appendix B - Security Registration Forms: Forms required for registering security with Hong Kong companies registry
Authors
Banking & Financial Services
Corporate Finance
Real Estate & Property
Manufacturing
Technology
Retail & Consumer
Healthcare
Infrastructure
Energy & Resources
Transportation & Logistics
Professional Services
Education
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Banking
Risk Management
Company Secretarial
Operations
Transaction Management
Chief Financial Officer
Finance Director
Corporate Lawyer
Legal Counsel
Treasury Manager
Financial Controller
Credit Risk Manager
Relationship Manager
Compliance Officer
Company Secretary
Banking Manager
Loan Officer
Corporate Banking Director
Risk Management Officer
Transaction Manager
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