Interim Loan Agreement Template for Austria

The Interim Loan Agreement serves as a critical financing instrument in situations where temporary or bridge funding is required pending the arrangement of permanent financing or the occurrence of a specific event. This document type is commonly used in Austrian business transactions where immediate funding is needed to support time-sensitive opportunities, acquisitions, or working capital requirements. The agreement must comply with Austrian banking regulations, including the Bankwesengesetz (BWG) and relevant EU directives as implemented in Austrian law. It contains comprehensive provisions covering loan terms, conditions precedent, representations and warranties, covenants, and events of default, all structured to meet Austrian legal requirements. The Interim Loan Agreement typically includes specific provisions addressing the temporary nature of the facility, including clear exit mechanisms and conditions for refinancing or repayment.

1. Parties: Identification of the lender(s) and borrower(s) with full legal names and registration details as required under Austrian law

2. Background: Context of the interim loan, including purpose and relationship to any longer-term financing arrangements

3. Definitions and Interpretation: Definitions of key terms used in the agreement and interpretation rules

4. The Facility: Core terms of the interim loan including amount, purpose, and availability period

5. Conditions Precedent: Documents and conditions required before the loan can be drawn

6. Drawdown: Process and requirements for requesting and receiving the loan

7. Interest: Interest rate, calculation method, and payment terms in compliance with Austrian interest rate regulations

8. Repayment: Terms and timing of repayment, including early repayment provisions

9. Representations and Warranties: Standard confirmations given by the borrower about their status and capacity

10. Information Undertakings: Borrower's obligations to provide financial and other information

11. General Undertakings: Borrower's general obligations during the loan period

12. Events of Default: Circumstances that would allow the lender to demand immediate repayment

13. Changes to Parties: Rules for assignment and transfer of rights under the agreement

14. Payment Mechanics: Technical provisions about how and when payments are to be made

15. Notices: How formal communications between parties should be made

16. Miscellaneous: Standard boilerplate provisions including severability and amendments

17. Governing Law and Jurisdiction: Confirmation of Austrian law as governing law and jurisdiction provisions