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Interest Waiver
"I need an Interest Waiver agreement under Belgian law for a parent company waiving interest on an intercompany loan to its subsidiary, with the waiver period starting from January 1, 2025, for a duration of two years."
1. Parties: Identification of the creditor waiving the interest and the debtor benefiting from the waiver
2. Background: Context of the underlying debt/loan agreement and the reasons for the interest waiver
3. Definitions: Key terms including 'Interest', 'Principal Debt', 'Interest Period', 'Effective Date'
4. Interest Waiver: Clear statement of the interest being waived, including amount or percentage and applicable periods
5. Scope of Waiver: Specific details of what is covered by the waiver and any limitations
6. Duration: Period for which the waiver is valid, including start and end dates if applicable
7. Effect on Principal Obligation: Confirmation that the principal debt remains unchanged and enforceable
8. Tax Implications: Acknowledgment of tax consequences and responsibilities
9. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes
1. Conditions Precedent: Include when the waiver is subject to certain conditions being met
2. Representations and Warranties: Include when specific assurances from either party are required
3. Reinstatement Provisions: Include when the waiver may be reversed under certain circumstances
4. Related Party Provisions: Include when the waiver affects guarantors or other related parties
5. Restructuring Context: Include when the waiver is part of a larger debt restructuring
6. Regulatory Compliance: Include when specific regulatory requirements need to be addressed
7. Notices: Include when formal communication procedures need to be established
1. Schedule 1 - Original Loan Agreement Details: Summary or extract of the relevant loan agreement terms
2. Schedule 2 - Interest Calculation: Detailed calculation of the interest being waived
3. Schedule 3 - Payment History: Record of previous interest payments and outstanding amounts
4. Appendix A - Required Corporate Approvals: Copies of board resolutions or other corporate authorizations
5. Appendix B - Tax Certificates: Any required tax documentation related to the interest waiver
Authors
Business Day
Creditor
Debtor
Effective Date
Expiry Date
Event of Default
Interest
Interest Period
Interest Rate
Loan Agreement
Original Facility Agreement
Outstanding Amount
Principal Debt
Principal Sum
Parties
Related Parties
Relevant Interest
Specified Period
Termination Date
Underlying Debt
Waived Interest
Waiver Period
Working Day
Waiver
Scope
Duration
Conditions Precedent
Representations and Warranties
Principal Obligation
Tax Provisions
Notices
Further Assurance
Assignment
Severability
Amendments
Entire Agreement
Force Majeure
Confidentiality
Governing Law
Jurisdiction
Counterparts
Costs and Expenses
No Set-off
Reinstatement
Regulatory Compliance
Default
Banking & Financial Services
Real Estate
Manufacturing
Retail
Technology
Healthcare
Energy
Construction
Professional Services
Family Business
Private Equity
Agriculture
Telecommunications
Legal
Finance
Treasury
Tax
Accounting
Risk Management
Compliance
Corporate Secretariat
Credit Control
Corporate Finance
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Tax Director
Financial Controller
Credit Manager
Debt Restructuring Officer
Risk Manager
Company Secretary
Accounting Manager
Corporate Finance Manager
Legal Director
Compliance Officer
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