Standard Loan Agreement Template for Austria

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Key Requirements PROMPT example:

Standard Loan Agreement

"I need a Standard Loan Agreement under Austrian law for a €2.5 million corporate loan from ABC Bank AG to my manufacturing company, with quarterly repayments over 5 years starting March 2025 and standard corporate lending covenants."

Document background
The Standard Loan Agreement is a fundamental legal instrument used in Austrian banking and finance transactions to document the lending relationship between parties. This agreement type is essential when any form of financial accommodation is provided, whether for corporate financing, real estate acquisition, or business expansion. The document must comply with Austrian legal requirements, including the Austrian Civil Code (ABGB), Banking Act (BWG), and where applicable, consumer protection laws. The Standard Loan Agreement includes comprehensive provisions covering loan disbursement, interest calculation, repayment terms, security arrangements, events of default, and enforcement mechanisms. It serves as the primary document governing the rights and obligations of both lender and borrower throughout the loan term, ensuring clarity and legal certainty for all parties involved.
Suggested Sections

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

2. Background: Context of the loan agreement and brief description of the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. The Loan: Principal amount, purpose, and basic terms of the loan

5. Interest: Interest rate, calculation method, and payment periods

6. Repayment: Repayment schedule, method, and currency of payments

7. Conditions Precedent: Conditions that must be satisfied before the loan is advanced

8. Representations and Warranties: Statements of fact made by the borrower about their status and ability to repay

9. Covenants: Ongoing obligations of the borrower during the loan term

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

11. Security: Basic security provisions and cross-reference to security documents

12. Costs and Expenses: Allocation of costs related to the loan agreement

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

14. Assignment and Transfer: Rules for transferring rights under the agreement

15. Governing Law and Jurisdiction: Confirmation of Austrian law and jurisdiction

16. Execution: Signature blocks and execution formalities

Optional Sections

1. Multiple Drawdown Provisions: Required when the loan is to be drawn down in multiple tranches

2. Guarantor Provisions: Required when there is a guarantor for the loan

3. Special Purpose Vehicle Covenants: Additional covenants when borrower is an SPV

4. Tax Gross-Up: Provisions for handling withholding tax if applicable

5. Increased Costs: Provisions dealing with regulatory changes affecting the lender's costs

6. Market Disruption: Provisions for handling disruption to interest rate markets

7. Break Costs: Required for fixed-rate loans with early repayment possibilities

8. Currency Provisions: Required for multi-currency loans or non-Euro denominated loans

Suggested Schedules

1. Conditions Precedent: Detailed list of required documents and conditions

2. Form of Drawdown Request: Template for requesting loan disbursements

3. Repayment Schedule: Detailed amortization table if applicable

4. Form of Compliance Certificate: Template for periodic compliance reporting

5. Security Details: Detailed description of security assets and arrangements

6. Fee Schedule: Detailed breakdown of all applicable fees

7. Permitted Security Interests: List of security interests allowed under the agreement

8. Form of Transfer Certificate: Template for transferring rights under the agreement

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

Real Estate

Manufacturing

Retail

Technology

Healthcare

Construction

Agriculture

Energy

Transportation

Hospitality

Professional Services

Education

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Banking

Credit Analysis

Operations

Commercial

Business Development

Corporate Secretariat

Executive Management

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Banking Relationship Manager

Credit Officer

Risk Manager

Treasury Manager

Financial Controller

Compliance Officer

Commercial Director

Business Development Manager

Company Secretary

Managing Director

Finance Manager

Loan Officer

Corporate Banking Officer

Legal Director

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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