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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."
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
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
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
Banking and Financial Services
Real Estate
Commercial Property
Manufacturing
Technology
Healthcare
Retail
Agriculture
Construction
Energy
Infrastructure
Transportation
Hospitality
Education
Professional Services
Legal
Finance
Risk Management
Compliance
Credit
Treasury
Corporate Banking
Commercial Lending
Due Diligence
Documentation
Portfolio Management
Relationship Management
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
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