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1. Parties: Identifies and defines all parties to the agreement, including the lender, borrower, and any guarantors
2. Background: Recitals describing the original loan agreement, current status, and reasons for cancellation
3. Definitions: Defines key terms used throughout the agreement, including references to the original loan agreement and related documents
4. Acknowledgment of Debt: States the current outstanding amount of the loan and acknowledgment by all parties
5. Cancellation Terms: Specifies the terms and conditions of the loan cancellation, including effective date and any final payments
6. Release Provisions: Details the mutual release of obligations and claims related to the loan agreement
7. Representations and Warranties: Statements by all parties confirming their authority, understanding, and acceptance of the cancellation
8. Confidentiality: Requirements for maintaining confidentiality about the loan and its cancellation
9. Governing Law: Specifies that Australian law governs the agreement and identifies relevant jurisdiction
10. Execution: Formal signing section including execution blocks for all parties
1. Partial Cancellation Terms: Required when only a portion of the loan is being cancelled, specifying remaining obligations
2. Security Release: Needed when the original loan involved security interests that need to be released
3. Guarantor Release: Required when the original loan had guarantors who need to be released from their obligations
4. Tax Implications: Include when the cancellation has significant tax consequences that need to be acknowledged
5. Third Party Consents: Required when other parties' consent is needed for the cancellation
6. Survival Clauses: Specifies which obligations survive the cancellation, if any
7. Future Cooperation: Include when parties need to cooperate on post-cancellation matters like documentation or registrations
8. Payment on Cancellation: Required when a final payment or settlement amount is part of the cancellation agreement
1. Schedule 1 - Loan Details: Details of the original loan agreement including date, amount, and key terms
2. Schedule 2 - Outstanding Amount Calculation: Detailed calculation of the final loan amount including any interest, fees, or charges
3. Schedule 3 - Security Interests: List of all security interests being released and relevant registration details
4. Schedule 4 - Release Documents: Forms and notices required for formal release of security interests or registrations
5. Appendix A - Original Loan Agreement: Copy of the original loan agreement being cancelled
6. Appendix B - Payment History: Record of payments made under the loan agreement
Business Day
Cancellation Date
Claims
Completion
Discharge Date
Effective Date
Encumbrance
Event of Default
Facility
Final Payment
Financial Indebtedness
Governmental Agency
Guarantor
Insolvency Event
Law
Lender
Loan
Loan Agreement
Loan Documents
Original Facility Agreement
Outstanding Amount
Parties
Payment Date
Release
Released Claims
Released Matters
Security
Security Interest
Security Provider
Settlement Amount
Secured Property
Transaction Documents
Underlying Documents
Definitions
Acknowledgment of Debt
Cancellation
Release
Discharge
Payment Obligations
Security Release
Representations and Warranties
Further Assurance
Confidentiality
Tax
Costs and Expenses
Notices
Governing Law
Jurisdiction
Severability
Amendment
Assignment
Counterparts
Entire Agreement
Waiver
Time of Essence
Force Majeure
Third Party Rights
Survival
Indemnification
Mutual Release
Settlement Terms
Default
Remedies
Dispute Resolution
Financial Services
Banking
Real Estate
Commercial Property
Corporate Finance
Small Business
Construction
Manufacturing
Agriculture
Mining
Retail
Healthcare
Legal
Finance
Credit
Risk Management
Compliance
Treasury
Loan Operations
Corporate Banking
Debt Recovery
Account Management
Document Management
Corporate Secretariat
Chief Financial Officer
Finance Director
Credit Manager
Loan Officer
Legal Counsel
Corporate Lawyer
Compliance Officer
Risk Manager
Treasury Manager
Debt Recovery Specialist
Account Manager
Banking Relationship Manager
Financial Controller
Company Secretary
Credit Analyst
Loan Administrator
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