Document background
The Loan and Security Agreement under Belgian law serves as a fundamental instrument in secured financing transactions, combining the elements of a credit facility with comprehensive security arrangements. This document is typically used when a lender requires collateral to secure a loan, ensuring proper protection under Belgian law while complying with local registration requirements and enforcement procedures. It incorporates specific provisions required by Belgian financial regulations, including compliance with the Belgian Pledge Act and Financial Law. The agreement is particularly relevant for both domestic Belgian transactions and cross-border financing where Belgian assets or entities are involved. It provides detailed provisions for loan disbursement, security creation, maintenance, and enforcement, while ensuring alignment with Belgian civil law principles and EU regulations.
