Document background
The Loan Master Agreement is designed for use in the Irish market where parties intend to establish a long-term lending relationship with multiple potential drawdowns. This comprehensive agreement serves as the foundation for various lending arrangements, incorporating all essential provisions required under Irish law and EU regulations. It is particularly useful when a lender expects to provide multiple facilities to the same borrower over time, as it standardizes the core terms while allowing flexibility for specific facility details through supplemental documentation. The agreement includes mandatory provisions required by Irish financial regulations, consumer protection laws, and banking standards, while also addressing practical aspects such as security arrangements, covenant packages, and reporting requirements. This master agreement approach reduces negotiation time for subsequent facilities and ensures consistency in the lending relationship.
