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Loan Origination Agreement Template for Ireland

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Key Requirements PROMPT example:

Loan Origination Agreement

"I need a Loan Origination Agreement for a €5 million commercial property development loan to be drawn down in three tranches, with the first drawdown scheduled for March 2025, including specific provisions for construction milestone requirements and property security arrangements."

Document background
The Loan Origination Agreement is a fundamental document in Irish lending practices, used to establish and document the legal relationship between lenders and borrowers in financing transactions. This agreement is essential when a lender provides funding to a borrower and needs to document the terms, conditions, and obligations of the lending arrangement. It must comply with Irish financial services regulations, including requirements set by the Central Bank of Ireland and relevant EU directives. The document includes crucial information about the loan amount, interest calculations, repayment terms, security arrangements, borrower covenants, and default provisions. It's particularly important for ensuring regulatory compliance while protecting both parties' interests through clear documentation of their rights and obligations under Irish law.
Suggested Sections

1. Parties: Identifies and defines the Lender and Borrower, including full legal names and addresses

2. Background: Sets out the context of the loan agreement and the parties' intention to enter into the lending arrangement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. The Loan: Details the principal amount, purpose, and basic terms of the loan

5. Conditions Precedent: Specifies conditions that must be satisfied before the loan can be drawn

6. Drawdown: Sets out the mechanism and requirements for drawing down the loan

7. Interest: Specifies interest rate(s), calculation methods, and payment terms

8. Repayment: Details the repayment schedule, methods, and terms

9. Representations and Warranties: States the facts and assurances provided by the borrower

10. Covenants: Sets out ongoing obligations of the borrower during the loan term

11. Events of Default: Defines circumstances that constitute default and the lender's remedies

12. Security: Describes the security arrangements for the loan

13. Fees and Expenses: Details all fees, charges, and cost allocations

14. Notices: Specifies how formal communications between parties should be made

15. Assignment and Transfer: Sets out rules for transferring or assigning rights under the agreement

16. Governing Law and Jurisdiction: Specifies Irish law as governing law and jurisdiction for disputes

Optional Sections

1. Guarantees: Required when there is a guarantor for the loan

2. Multiple Drawdown Provisions: Used for facilities with multiple drawdown periods or tranches

3. Tax Provisions: Detailed tax provisions needed for complex lending structures or cross-border situations

4. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required

5. Property Provisions: Required when the loan is secured against real property

6. Change of Control: Needed when borrower is a corporate entity and lender requires control over ownership changes

7. Syndication Provisions: Required for loans that may be syndicated

8. Regulatory Compliance: Additional regulatory provisions for specialized lending situations

Suggested Schedules

1. Schedule 1 - Conditions Precedent: Detailed list of all documents and conditions required before drawdown

2. Schedule 2 - Drawdown Notice: Form of drawdown request to be used by borrower

3. Schedule 3 - Repayment Schedule: Detailed amortization schedule or repayment terms

4. Schedule 4 - Security Documents: List and copies of all security documents

5. Schedule 5 - Fee Schedule: Detailed breakdown of all fees and charges

6. Schedule 6 - Form of Compliance Certificate: Template for periodic compliance certification by borrower

7. Appendix A - Interest Calculation Methodology: Detailed explanation of interest calculation methods

8. Appendix B - Required Insurance: Detailed insurance requirements and specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































































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Relevant Industries

Banking and Financial Services

Real Estate

Commercial Property

Manufacturing

Technology

Healthcare

Retail

Agriculture

Construction

Energy

Infrastructure

Transportation

Hospitality

Education

Professional Services

Relevant Teams

Legal

Finance

Risk Management

Compliance

Credit

Treasury

Corporate Banking

Commercial Lending

Due Diligence

Documentation

Portfolio Management

Relationship Management

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Compliance Officer

Risk Manager

Credit Manager

Corporate Banker

Relationship Manager

Treasury Manager

Financial Controller

Loan Officer

Corporate Secretary

Legal Director

Banking Partner

Credit Analyst

Due Diligence Officer

Portfolio 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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