Amended Loan Agreement Template for Denmark

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Amended Loan Agreement

I need an Amended Loan Agreement under Danish law to modify the interest rate from fixed 5% to CIBOR + 2.5% and extend the maturity date to March 15, 2025, for an existing €5 million corporate loan between Nordic Bank A/S and TechStart Denmark ApS.

What is a Amended Loan Agreement?

An Amended Loan Agreement is utilized when parties to an existing loan arrangement need to modify their original terms while maintaining the basic structure of their lending relationship. This document type is essential in situations where business circumstances, financial conditions, or mutual agreements necessitate changes to the original loan terms. The agreement must comply with Danish law requirements for contract amendments and financial regulations, particularly those outlined in the Danish Contracts Act (Aftaleloven) and Financial Business Act. It typically includes detailed specifications of the amendments, confirmations of unchanged terms, and any new conditions agreed upon by the parties. The Amended Loan Agreement serves as a crucial tool for businesses and financial institutions in Denmark to adapt their lending arrangements to changing circumstances while maintaining legal certainty and compliance.

What sections should be included in a Amended Loan Agreement?

1. Parties: Identification of the lender(s) and borrower(s) with full legal names and registration details

2. Background: Context of the original loan agreement and reason for amendment

3. Definitions: Definitions of terms used in the agreement, including both original and new definitions

4. Amendment Provisions: Specific provisions being amended, clearly stating old and new versions

5. Confirmation of Other Terms: Confirmation that all other terms of the original agreement remain unchanged

6. Effective Date: When the amendments take effect

7. Representations and Warranties: Updated representations and warranties from the borrower

8. Conditions Precedent: Conditions that must be satisfied before amendments become effective

9. Costs and Expenses: Allocation of costs related to the amendment

10. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction

11. Execution: Signature blocks and execution requirements

What sections are optional to include in a Amended Loan Agreement?

1. Additional Security: Include when amendments require new or modified security arrangements

2. Consent of Guarantors: Required when the original loan has guarantors who need to confirm continued validity

3. Fee Provisions: Include when amendment involves new or modified fees

4. Interest Rate Modifications: When amendments involve changes to interest rate terms

5. Repayment Schedule Changes: Include when modifying repayment terms or schedule

6. Waiver of Defaults: Include when amendment includes waiver of existing defaults

7. Financial Covenants: When amendments modify existing financial covenants

8. Notice Requirements: Include when changing communication procedures or contact details

What schedules should be included in a Amended Loan Agreement?

1. Original Loan Agreement: Copy of the original loan agreement being amended

2. Amended and Restated Terms: Complete set of amended terms in clean and redline versions

3. Updated Repayment Schedule: New amortization or payment schedule if payment terms are modified

4. Conditions Precedent Documents: List of required documents and evidence for amendment effectiveness

5. Form of Notices: Templates for any notices required under the amended agreement

6. Security Documentation: Any new or modified security documents

7. Corporate Authorizations: Updated corporate approvals and resolutions

8. Guarantor Consent Forms: Forms for guarantor acknowledgment and consent if applicable

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 & Financial Services

Real Estate

Manufacturing

Energy & Utilities

Infrastructure

Healthcare

Technology

Retail & Consumer Goods

Transportation & Logistics

Agriculture

Professional Services

Relevant Teams

Legal

Finance

Treasury

Credit

Risk Management

Compliance

Corporate Secretariat

Banking Operations

Loan Administration

Documentation

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Loan Officer

Credit Manager

Relationship Manager

Risk Manager

Compliance Officer

Financial Controller

Corporate Secretary

Banking Executive

Finance Manager

Legal Director

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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