Addendum Loan Agreement Template for Austria

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Key Requirements PROMPT example:

Addendum Loan Agreement

"I need an Addendum Loan Agreement under Austrian law to modify the repayment schedule of our existing €5M corporate loan, extending the maturity date to March 15, 2025, and adjusting the interest rate from 4.5% to 5.2% per annum."

Document background
The Addendum Loan Agreement is a crucial document used when parties need to modify an existing loan agreement under Austrian law without creating an entirely new contract. It's commonly employed when circumstances require adjustments to loan terms, such as changes in interest rates, repayment schedules, security arrangements, or other material provisions. This document must comply with Austrian Civil Code (ABGB) requirements, banking regulations, and where applicable, consumer protection laws. It's particularly important in commercial lending, project finance, and corporate restructuring scenarios where flexibility in loan terms is needed while maintaining legal certainty. The addendum ensures continuity of the loan relationship while formally documenting agreed changes in a manner that's enforceable under Austrian law.
Suggested Sections

1. Parties: Identification of all parties to the original loan agreement, including their full legal names, addresses, and registration details where applicable

2. Background: Reference to the original loan agreement including its date, parties, and purpose; explanation of why the amendment is needed

3. Definitions: Definitions of key terms used in the addendum, including reference to definitions in the original agreement that remain applicable

4. Amendments to Original Agreement: Detailed description of specific clauses being modified, clearly stating both the original text and new text

5. Confirmation of Other Terms: Confirmation that all other terms of the original agreement remain unchanged and in full force and effect

6. Effective Date: Specification of when the amendments take effect

7. Governing Law: Confirmation that Austrian law continues to govern the agreement

8. Execution: Signature blocks for all parties

Optional Sections

1. Representations and Warranties: Additional representations and warranties specific to the amendment, used when the changes materially affect the risk profile of the loan

2. Conditions Precedent: Conditions that must be satisfied before the amendment becomes effective, included when there are specific requirements for the amendments to take effect

3. Fee Provisions: Details of any fees associated with the amendment, included when there are costs for implementing the changes

4. Security Confirmation: Confirmation that existing security remains in place, used when the original loan is secured

5. Tax Provisions: Specific tax-related provisions affected by the amendment, included when the changes have tax implications

6. Regulatory Compliance: Additional regulatory requirements triggered by the amendment, used when changes affect regulatory compliance

Suggested Schedules

1. Schedule of Amended Terms: Detailed listing of all specific terms being modified, including old and new versions

2. Updated Payment Schedule: Revised payment schedule if payment terms are being modified

3. Amended Security Documents: List of security documents affected by the amendment, if applicable

4. Conditions Precedent Checklist: List of documents and conditions required before the amendment becomes effective

5. Required Consents: Copies of any third-party consents required for the amendment

Authors

Alex Denne

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

Relevant legal definitions
Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Technology

Healthcare

Retail

Construction

Energy

Infrastructure

Agriculture

Transportation

Hospitality

Professional Services

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Credit Administration

Corporate Banking

Commercial Banking

Business Development

Operations

Contract Management

Company Secretariat

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Credit Manager

Risk Manager

Treasury Manager

Loan Officer

Compliance Officer

Contract Manager

Banking Relationship Manager

Corporate Secretary

Financial Controller

Business Development Manager

Account 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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