Loan Master Agreement Template for Austria

The Loan Master Agreement serves as the foundational document for establishing and governing lending relationships under Austrian law. It is typically used when parties anticipate multiple or ongoing lending arrangements and want to avoid negotiating separate agreements for each transaction. The document includes comprehensive provisions covering facility terms, utilization procedures, repayment mechanisms, security arrangements, and covenant packages, all structured to comply with Austrian banking regulations and civil law requirements. This master agreement approach allows for efficiency in documentation while maintaining flexibility through supplemental facility-specific schedules. The agreement is designed to accommodate various lending scenarios, from bilateral loans to syndicated facilities, and includes provisions for both secured and unsecured lending arrangements.

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

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Comprehensive list of defined terms used throughout the agreement

4. The Facility: Details of the loan facility, including type, purpose, and amount

5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available

6. Utilization: Process and requirements for drawing down the loan

7. Interest: Interest calculation, rates, periods, and payment provisions

8. Repayment: Terms and schedule for repayment of the loan

9. Prepayment: Conditions and processes for early repayment

10. Representations and Warranties: Statements of fact and assurances given by the borrower

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

12. Financial Covenants: Financial ratios and requirements the borrower must maintain

13. General Undertakings: General obligations and restrictions on the borrower's activities

14. Events of Default: Circumstances that would allow the lender to terminate and demand repayment

15. Changes to Parties: Rules for assignments, transfers, and additions of new parties

16. Administration: Administrative provisions including notices and calculations

17. Governing Law and Jurisdiction: Choice of Austrian law and jurisdiction provisions