Addendum Loan Agreement Template for Belgium

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Key Requirements PROMPT example:

Addendum Loan Agreement

"I need an Addendum Loan Agreement under Belgian law to modify our existing €5M corporate loan by extending the maturity date to March 15, 2025, and adjusting the interest rate from EURIBOR +2% to EURIBOR +2.5%."

Document background
The Addendum Loan Agreement is a crucial document used when parties need to modify an existing loan agreement under Belgian law without creating an entirely new agreement. It is commonly employed when circumstances require adjustments to loan terms, such as extending maturity dates, revising interest rates, modifying repayment schedules, or updating covenants. The document must comply with Belgian civil law requirements for contract modifications and relevant financial regulations. This type of addendum is particularly important in the Belgian context, where formal documentation of contract modifications is essential for legal certainty. The document typically includes references to the original agreement, specific details of the modifications, and confirmations that unmodified terms remain in force. It requires careful consideration of Belgian banking regulations, financial laws, and civil code provisions regarding contract amendments.
Suggested Sections

1. Parties: Identification of all parties to the original loan agreement who are affected by this addendum

2. Background: Reference to the original loan agreement (date, parties) and brief context for the modifications

3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable

4. Amendments: Detailed description of each modification to the original agreement, clearly referencing the relevant sections being amended

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

6. Confirmation of Other Terms: Statement confirming that all other terms of the original agreement remain unchanged and in full force and effect

7. Governing Law: Confirmation that Belgian law continues to govern the agreement as modified

8. Execution: Signature blocks for all relevant parties

Optional Sections

1. Consent and Waiver: Required if any third-party consents are needed or if any party is waiving certain rights

2. Representations and Warranties: Include if parties need to make new or confirm existing representations regarding their capacity or the amendment circumstances

3. Security Confirmation: Required if the original agreement includes security arrangements that need to be confirmed as continuing

4. Fee Provisions: Include if there are any fees associated with the amendment

5. Conditions Precedent: Include if the amendments are subject to certain conditions being met

6. Tax Provisions: Required if the amendments have tax implications that need to be addressed

Suggested Schedules

1. Schedule of Amendments: Detailed table or list showing the original clause language and the amended language side by side

2. Updated Payment Schedule: If payment terms are modified, a revised amortization or payment schedule

3. Consent Documents: Copies of any third-party consents or waivers obtained in connection with the amendment

4. Updated Security Documents: If applicable, any modified security documentation reflecting the amendments

5. Corporate Authorizations: Copies of corporate resolutions or other authorizations for the amendment

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
Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Infrastructure

Energy

Technology

Healthcare

Retail

Transportation

Construction

Agriculture

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Secretariat

Credit Administration

Loan Operations

Transaction Management

Corporate Banking

Document Management

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Compliance Officer

Credit Manager

Relationship Manager

Risk Manager

Financial Controller

Corporate Secretary

Banking Officer

Loan Officer

Contract Administrator

Financial Analyst

Corporate Finance 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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