Rollover Loan Agreement Template for Austria

This Rollover Loan Agreement is designed for use in financing transactions under Austrian law where parties seek to establish a loan facility with periodic interest rate adjustments. The document is particularly suitable for medium to long-term financing where flexibility in interest rate arrangements is desired. It incorporates all necessary elements required by Austrian banking regulations (BWG), civil law (ABGB), and consumer protection legislation where applicable. The agreement includes comprehensive provisions for interest rate resets, drawdown mechanics, repayment terms, security arrangements (if applicable), and necessary representations and warranties. This format is commonly used in corporate financing, real estate transactions, and other commercial lending scenarios where Austrian law governs the relationship between the lender and borrower.

1. Parties: Identification of the lender and borrower with full legal names and addresses

2. Background: Context of the loan arrangement and purpose of the facility

3. Definitions and Interpretation: Definitions of key terms, including 'Interest Period', 'Rollover Date', 'Reference Rate', and interpretation rules

4. The Facility: Details of the loan amount, purpose, and drawdown conditions

5. Interest: Interest calculation, rates, periods, and rollover mechanisms

6. Interest Periods: Specification of interest periods, rollover dates, and rate reset procedures

7. Repayment: Terms for repayment of the loan, including scheduled payments and final maturity

8. Prepayment: Conditions and procedures for voluntary and mandatory prepayment

9. Payments: Payment mechanics, currency, and business day conventions

10. Representations and Warranties: Standard representations and warranties from the borrower

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

12. General Undertakings: Borrower's general covenants and obligations

13. Events of Default: Circumstances constituting default and consequences

14. Changes to Parties: Rules for assignment and transfer

15. Administration: Administrative provisions including notices and calculations

16. Governing Law and Jurisdiction: Austrian law as governing law and jurisdiction provisions