Loan Amendment Agreement Template for Austria

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Key Requirements PROMPT example:

Loan Amendment Agreement

"I need a Loan Amendment Agreement under Austrian law to extend our existing €5 million corporate loan's maturity date to March 15, 2025, and adjust the interest rate from EURIBOR +2% to EURIBOR +2.5%."

Document background
A Loan Amendment Agreement is essential when parties to an existing loan arrangement need to modify their original terms while maintaining the basic structure of their lending relationship. This document type is commonly used in Austrian banking and finance practice when circumstances require adjustments to loan terms, such as extending maturity dates, revising interest rates, modifying financial covenants, or restructuring payment schedules. The agreement must comply with Austrian civil law requirements, particularly the ABGB (Austrian Civil Code) and banking regulations. It serves as a formal record of the modifications while explicitly preserving unaltered terms from the original agreement, ensuring legal certainty and continuity of the lending relationship. The document is particularly crucial in times of economic change or when borrowers' circumstances require loan restructuring.
Suggested Sections

1. Parties: Identification of the lender(s) and borrower(s), including their full legal names, registration details, and addresses

2. Background: Details of the original loan agreement (date, parties) and context for the amendment

3. Definitions: Definitions of key terms, including those from the original agreement that remain relevant and any new terms introduced

4. Amendments to Original Agreement: Specific modifications to the original loan agreement, clearly identifying which clauses are being amended and their new wording

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

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

7. Representations and Warranties: Confirmation that original representations remain true and any new representations required for the amendment

8. Costs and Expenses: Allocation of costs related to the preparation and execution of the amendment

9. Governing Law and Jurisdiction: Confirmation of Austrian law as governing law and jurisdiction for disputes

10. Execution: Signature blocks for all parties

Optional Sections

1. Conditions Precedent: Required when amendments are subject to certain conditions being met before becoming effective

2. Security Confirmation: Needed when the original loan has security arrangements that need to be confirmed as continuing

3. Consent of Guarantors: Required when the original loan includes guarantors who need to confirm their continued support

4. Tax Provisions: Included when the amendments have specific tax implications that need to be addressed

5. Additional Parties: Required when new parties are being added to the loan agreement

6. Release Provisions: Needed when certain parties are being released from their obligations

7. Currency Provisions: Required when the amendment involves changes to the loan currency

Suggested Schedules

1. Schedule 1 - Amended and Restated Loan Agreement: Clean version of the loan agreement incorporating all amendments

2. Schedule 2 - Conditions Precedent Documents: List of documents required to be delivered before amendments become effective

3. Schedule 3 - Form of Effective Date Notice: Template notice confirming when amendments become effective

4. Appendix A - Modified Payment Schedule: Updated repayment schedule if payment terms are amended

5. Appendix B - Amended Financial Covenants: Details of any modified financial covenants

6. Appendix C - Form of Additional Party Accession: Template for adding new parties to the agreement if required

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
Clauses
Relevant Industries

Banking and Financial Services

Corporate Lending

Investment Banking

Real Estate and Property Development

Infrastructure and Project Finance

Manufacturing

Retail and Commercial

Energy and Resources

Technology and Telecommunications

Healthcare and Life Sciences

Agriculture and Agribusiness

Transportation and Logistics

Relevant Teams

Legal

Finance

Treasury

Corporate Banking

Credit Risk

Compliance

Corporate Secretariat

Loan Administration

Deal Advisory

Transaction Management

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Banking Relationship Manager

Credit Risk Manager

Loan Officer

Compliance Officer

Company Secretary

Managing Director

Financial Controller

Senior Finance Manager

Corporate Banking Manager

Restructuring Manager

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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