Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Loan And Security Agreement
"I need a Loan and Security Agreement for a ���500 million facility to be provided by First Bank Nigeria to a medium-sized manufacturing company, secured by manufacturing equipment and inventory, with quarterly repayments over 3 years starting March 2025."
1. Parties: Identifies and defines the Lender, Borrower, and any Guarantors or Security Providers
2. Background: Sets out the context of the loan arrangement and security provision
3. Definitions and Interpretation: Defines key terms used throughout the agreement and interpretation rules
4. The Facility: Details of the loan amount, purpose, and drawdown conditions
5. Interest and Fees: Specifies interest rate, calculation method, fees, and payment terms
6. Repayment Terms: Outlines repayment schedule, prepayment provisions, and payment mechanics
7. Security: Describes the assets provided as security and the nature of the security interest
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 term
10. Events of Default: Circumstances constituting default and consequences thereof
11. Enforcement: Rights and remedies of the Lender upon default
12. Assignments and Transfers: Rules regarding transfer of rights and obligations under the agreement
13. Notices: Communication procedures between parties
14. Governing Law and Jurisdiction: Confirms Nigerian law as governing law and jurisdiction for disputes
15. Miscellaneous: Standard boilerplate provisions including severability, amendments, and counterparts
1. Guarantees: Required when third-party guarantees are part of the security package
2. Insurance: Detailed insurance requirements for secured assets, if applicable
3. Security Trustee Provisions: Required in syndicated loans or when security is held by a trustee
4. Tax Provisions: Detailed tax provisions when complex tax implications exist
5. Currency Provisions: Required when loan or payments involve foreign currency
6. Additional Borrower Provisions: Required when multiple borrowers are involved
7. Intercreditor Provisions: Required when multiple lenders are involved
8. Registration Requirements: Specific provisions for registration of security interests when required by Nigerian law
1. Schedule 1 - Conditions Precedent: List of documents and conditions required before drawdown
2. Schedule 2 - Drawdown Request Form: Template form for requesting loan disbursements
3. Schedule 3 - Secured Assets: Detailed description of all assets provided as security
4. Schedule 4 - Repayment Schedule: Detailed payment dates and amounts
5. Schedule 5 - Security Documents: List and copies of all security documents
6. Schedule 6 - Existing Encumbrances: List of any pre-existing charges or encumbrances on security
7. Schedule 7 - Financial Covenants: Detailed financial ratios and requirements
8. Appendix A - Compliance Certificate: Template for periodic compliance certification
9. Appendix B - Security Perfection Requirements: Checklist of requirements for perfecting security under Nigerian law
Authors
Banking & Financial Services
Real Estate & Construction
Manufacturing & Industrial
Oil & Gas
Agriculture & Agribusiness
Telecommunications
Healthcare
Technology & Software
Retail & Consumer Goods
Transportation & Logistics
Mining & Natural Resources
Education
Hospitality & Tourism
Legal
Finance
Risk Management
Compliance
Credit
Treasury
Corporate Secretariat
Operations
Business Development
Corporate Banking
Documentation
Security Administration
Chief Financial Officer
Finance Director
Legal Counsel
Risk Manager
Credit Manager
Loan Officer
Compliance Officer
Treasury Manager
Corporate Secretary
Security Trustee
Financial Controller
Branch Manager
Relationship Manager
Credit Analyst
Legal Director
Managing Director
Chief Executive Officer
Chief Risk Officer
Chief Legal Officer
Find the exact document you need
Agreement Between Financier And Producer
A Nigerian law-governed agreement establishing financing terms and conditions between a funding entity and a producer, including investment protection and regulatory compliance.
Agreement Between Financier And Company
A Nigerian law-governed financing agreement establishing funding terms between a financier and company, compliant with local banking and corporate regulations.
Master Securities Loan Agreement
A Nigerian law-governed framework agreement for securities lending transactions between institutional parties, compliant with Nigerian SEC regulations.
Intercreditor Deed
A Nigerian law-governed agreement that establishes priorities and relationships between multiple creditors providing financing to the same borrower.
Agreement For Financial Support
Nigerian law-governed agreement establishing terms and conditions for financial support between parties, including payment terms and regulatory compliance requirements.
Royalty Financing Agreement
A Nigerian law-governed agreement establishing terms for royalty-based financing, where an investor provides capital in exchange for ongoing revenue-based payments.
Loan And Guarantee Agreement
Nigerian law-governed agreement establishing loan terms and associated guarantee arrangements, including lending conditions and security provisions.
Loan Agreement Term Sheet
A Nigerian law-governed preliminary document outlining key terms and conditions for a proposed loan facility, serving as the basis for a full loan agreement.
Deed Of Accession Loan Agreement
A Nigerian law-governed deed that facilitates a new party joining an existing loan agreement, setting out terms of accession and ensuring compliance with local banking and corporate regulations.
Accession Deed Facility Agreement
A Nigerian law-governed deed allowing a new party to join an existing facility agreement as a borrower or guarantor, binding them to all original terms and conditions.
Separation Financial Agreement
A Nigerian law-compliant agreement detailing financial arrangements and asset division between separating spouses, incorporating both statutory and customary law provisions.
Promissory Loan Agreement
A Nigerian law-governed agreement documenting a borrower's promise to repay a loan with specified terms and conditions to the lender.
Friends And Family Loan Agreement
A Nigerian law-governed loan agreement template for formalizing monetary lending arrangements between friends and family members.
Formal Loan Agreement
A Nigerian law-governed agreement establishing formal lending terms between parties, including loan amount, interest, repayment schedule, and security arrangements.
Contract For Car Payments
A Nigerian law-governed agreement establishing terms for vehicle purchase through installment payments, including payment schedules, ownership transfer, and party obligations.
Business Loan Contract
A Nigerian law-governed agreement establishing terms for a financial institution to provide business funding, compliant with local banking regulations and BOFIA 2020.
Project Loan Agreement
A Nigerian law-governed agreement setting out terms and conditions for project-specific funding, including loan facility details, security arrangements, and project implementation requirements.
Jewelry Loan Agreement
A Nigerian law-governed agreement for loans secured by jewelry as collateral, establishing terms for lending, collateral handling, and repayment.
Loan Pledge Agreement
A Nigerian law-governed agreement establishing a secured loan arrangement where assets are pledged as security, detailing loan terms and enforcement rights.
Inter Company Loan Agreement
A Nigerian law-governed agreement establishing loan arrangements between related companies, including terms, conditions, and regulatory compliance requirements.
Novation Lease Agreement
A Nigerian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Loan And Security Agreement
A Nigerian law-governed agreement that establishes loan terms and creates security interests over assets to secure loan repayment.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.