Document background
The Amended And Restated Loan Agreement is utilized when parties need to substantially modify an existing loan agreement while maintaining the continuity of the original loan relationship. This document type is particularly relevant when multiple amendments have accumulated over time, making it more efficient to consolidate all changes into a single, clear agreement. Under Belgian law, this agreement must comply with the reformed Civil Code and financial regulations while incorporating both existing and new terms. It typically includes updated financial covenants, revised repayment terms, modified security arrangements, and any new requirements agreed upon by the parties. The document serves as a complete restatement of the parties' obligations, effectively replacing the original loan agreement while preserving the original loan's continuity for security and registration purposes.
