Amendment To Loan Agreement Template for Denmark

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Key Requirements PROMPT example:

Amendment To Loan Agreement

I need an Amendment to Loan Agreement under Danish law to extend our existing €5 million corporate loan maturity date to March 15, 2025, and adjust the interest rate from CIBOR + 2.5% to CIBOR + 3%, with all other terms remaining unchanged.

Document background
An Amendment To Loan Agreement is a crucial document used when parties to an existing loan agreement need to modify its terms without creating an entirely new agreement. This document type is particularly relevant in the Danish legal context, where it must comply with specific requirements under Danish contract and financial services law. It's commonly used when circumstances require adjusting loan terms, such as extending maturity dates, modifying interest rates, changing repayment schedules, or updating security arrangements. The amendment ensures continuity of the loan relationship while incorporating necessary changes, and typically includes references to the original agreement, specific modifications, and confirmations that unmodified terms remain in effect. This document is essential for maintaining legal clarity and protecting all parties' interests while adapting to changing business or financial circumstances.
Suggested Sections

1. Parties: Identification of all parties to the original loan agreement and amendment, including their full legal names, registration numbers, and addresses

2. Background: Reference to the original loan agreement (including date and parties), reason for amendment, and confirmation that parties wish to amend the original agreement

3. Definitions: Definitions of terms used in the amendment, including reference to definitions in the original agreement that remain applicable

4. Amendments: Detailed specification of each amendment to the original agreement, clearly identifying the sections being modified and the new text

5. Effective Date: Specification of when the amendments take effect

6. Confirmation of Other Terms: Confirmation that all other terms of the original agreement remain in full force and effect

7. Governing Law and Jurisdiction: Confirmation that Danish law continues to govern the agreement and any dispute resolution provisions

8. Execution: Signature blocks for all parties, including date and place of signing

Optional Sections

1. Conditions Precedent: Required when amendments are subject to certain conditions being met before becoming effective

2. Representations and Warranties: Include when parties need to make new or confirm existing representations due to the nature of the amendments

3. Fees and Expenses: Include when the amendment process involves additional fees or cost allocations

4. Security Confirmation: Required when the original agreement includes security arrangements that need to be confirmed as extending to the amended terms

5. Consent and Waivers: Include when third-party consents are required or certain requirements are being waived

6. Tax Provisions: Include when amendments have tax implications that need to be addressed

Suggested Schedules

1. Amended Loan Terms Schedule: Detailed outline of modified loan terms, including any changes to principal, interest rates, or payment schedules

2. Amended Security Documents: If applicable, modifications to any security arrangements or collateral documentation

3. Conditions Precedent Checklist: List of conditions that must be satisfied before the amendment becomes effective

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

5. Confirmation Certificates: Forms for any required certificates or confirmations from parties or third parties

6. Payment Schedule: Updated amortization or payment schedule reflecting the amendments

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 and Financial Services

Real Estate

Manufacturing

Retail

Technology

Construction

Energy

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Healthcare

Agriculture

Shipping

Professional Services

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Compliance

Corporate Banking

Loan Administration

Documentation

Risk Management

Corporate Finance

Operations

Relevant Roles

Legal Counsel

Finance Manager

Chief Financial Officer

Treasury Manager

Loan Officer

Relationship Manager

Credit Risk Manager

Corporate Banking Manager

Compliance Officer

Contract Administrator

Financial Controller

Legal Director

Banking Executive

Risk Manager

Document Manager

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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