Pro Forma Loan Agreement Template for Belgium

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Key Requirements PROMPT example:

Pro Forma Loan Agreement

"I need a Pro Forma Loan Agreement under Belgian law for a €5 million corporate loan from ABC Bank to XYZ Manufacturing, with quarterly repayments over 5 years starting March 2025, including standard financial covenants and reporting requirements."

Document background
The Pro Forma Loan Agreement is a standardized template designed for use in Belgian lending transactions, incorporating key requirements under Belgian law and EU regulations. This document is typically used when financial institutions or lenders need a standardized approach to documenting loan transactions, whether for corporate, commercial, or private lending purposes. It includes essential provisions required by Belgian financial regulations, such as interest rate calculations compliant with Belgian usury laws, mandatory consumer protection clauses where applicable, and specific security interest provisions under Belgian law. The agreement serves as a starting point for negotiations and can be customized based on specific transaction requirements while maintaining compliance with Belgian legal framework and financial sector regulations.
Suggested Sections

1. Parties: Identification of the lender and borrower with full legal names and addresses

2. Background: Context of the loan agreement and brief description of the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. The Loan: Details of the loan amount, purpose, and drawdown conditions

5. Interest: Interest rate, calculation method, and payment frequency

6. Repayment: Terms and schedule for repayment of the principal amount

7. Representations and Warranties: Standard declarations made by the borrower about their legal and financial status

8. Covenants: Ongoing obligations of the borrower during the loan term

9. Events of Default: Circumstances that constitute default and consequences thereof

10. Taxes and Increased Costs: Provisions relating to tax deductions and additional costs

11. Payments: Payment mechanics, currency, and business day conventions

12. Notices: Communication methods and contact details for formal notices

13. Assignment and Transfer: Rules regarding transfer of rights and obligations under the agreement

14. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes

Optional Sections

1. Security: Details of any collateral or security interests - include when loan is secured

2. Guarantees: Terms of any guarantees provided - include when there are third-party guarantors

3. Insurance: Required insurance coverage - include when specific insurance is required

4. Conditions Precedent: Pre-disbursement conditions - include for complex loans or corporate borrowers

5. Information Undertakings: Specific reporting requirements - include for corporate or business loans

6. Financial Covenants: Financial maintenance requirements - include for corporate borrowers

7. Cost and Expenses: Allocation of transaction costs - include for larger loans

8. Set-off Rights: Bank's right to set off against other accounts - include for bank lenders

Suggested Schedules

1. Schedule 1 - Repayment Schedule: Detailed amortization table showing payment dates and amounts

2. Schedule 2 - Form of Drawdown Notice: Template for requesting loan disbursements

3. Schedule 3 - Conditions Precedent Documents: List of required documents prior to disbursement

4. Schedule 4 - Security Documents: Details of security arrangements and collateral

5. Appendix A - Interest Calculation Examples: Examples showing how interest will be calculated

6. Appendix B - Contact Details: Detailed contact information for all parties

7. Appendix C - Form of Compliance Certificate: Template for periodic compliance reporting

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
Clauses
Relevant Industries

Banking & Financial Services

Corporate Lending

Real Estate

Manufacturing

Retail

Technology

Healthcare

Construction

Energy

Professional Services

Agriculture

Transportation & Logistics

Relevant Teams

Legal

Finance

Credit Risk

Compliance

Treasury

Corporate Banking

Retail Banking

Operations

Risk Management

Deal Advisory

Transaction Services

Documentation

Relevant Roles

Legal Counsel

Finance Director

Credit Manager

Compliance Officer

Risk Manager

Corporate Banker

Relationship Manager

Treasury Manager

Chief Financial Officer

Legal Director

Banking Officer

Credit Analyst

Due Diligence Officer

Contract Manager

Financial Controller

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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