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Finance Contract
1. Parties: Identification of the contracting parties, including the lender(s) and borrower(s)
2. Background: Context of the financing arrangement and purpose of the loan
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. The Facility: Details of the loan facility, including amount, purpose, and availability
5. Interest and Fees: Interest calculation, payment dates, and applicable fees
6. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics
7. Conditions Precedent: Conditions that must be satisfied before drawdown
8. Representations and Warranties: Statements of fact and assurances given by the borrower
9. Covenants: Positive and negative undertakings of the borrower
10. Events of Default: Circumstances that trigger default and remedies
11. Changes to Parties: Rules for assignment and transfer of rights
12. Notices: Communication procedures between parties
13. Calculations and Administration: Administrative provisions and calculation conventions
14. Governing Law and Jurisdiction: Danish law as governing law and jurisdiction provisions
1. Security: Required if the facility is secured - details of security arrangements
2. Guarantee: Required if there are guarantors - terms of guarantee
3. Currency Provisions: Required for multi-currency facilities - currency conversion and exchange rate provisions
4. Increased Costs and Tax Gross-Up: Optional provisions for dealing with regulatory changes and tax implications
5. Market Disruption: Optional provisions for handling market disruption events
6. Multiple Lenders: Required for syndicated facilities - provisions governing lender relationships
7. Accordion Facility: Optional provision allowing for future increase in facility amount
8. Green Loan Provisions: Required for green loans - sustainability-linked terms and reporting
1. Schedule 1 - Conditions Precedent Documents: List of required documents and conditions
2. Schedule 2 - Form of Drawdown Request: Template for requesting loan disbursements
3. Schedule 3 - Calculation of Interest and Fees: Detailed interest and fee calculation methodology
4. Schedule 4 - Repayment Schedule: Detailed amortization schedule if applicable
5. Schedule 5 - Form of Transfer Certificate: Template for transferring loan participations
6. Schedule 6 - Financial Covenants Calculations: Methodology for calculating financial covenants
7. Appendix A - Security Documents: Forms of security documentation if applicable
8. Appendix B - Notice Details: Detailed contact information for all parties
9. Appendix C - Compliance Certificate: Template for periodic compliance reporting
Authors
Account Bank
Additional Facility
Affiliate
Agreement
Applicable Law
Availability Period
Banking Day
Borrower
Break Costs
Business Day
Change of Control
Commitment
Compliance Certificate
Conditions Precedent
Confidential Information
Default
Default Interest
Disruption Event
Drawing
Event of Default
Facility
Facility Amount
Finance Documents
Finance Parties
Financial Indebtedness
Financial Statements
Group
Guarantee
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Margin
Material Adverse Effect
Maturity Date
Obligor
Original Financial Statements
Parties
Payment Date
Permitted Security
Potential Default
Principal Amount
Reference Banks
Reference Rate
Repayment Date
Repayment Schedule
Representatives
Security
Security Documents
Subsidiary
Tax
Total Commitments
Transfer Certificate
Unpaid Sum
Interpretation
Facility Terms
Purpose
Conditions Precedent
Utilization
Interest
Interest Periods
Fees
Tax Gross-up and Indemnities
Increased Costs
Repayment
Prepayment
Cancellation
Security
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Governing Law
Enforcement
Jurisdiction
Data Protection
Anti-Money Laundering
Force Majeure
Assignment
Severability
Third Party Rights
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