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Interim Loan Agreement
1. Parties: Identification of the lender(s) and borrower(s) with full legal names and registration details
2. Background: Context of the interim loan, including purpose and any related transactions
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Details of the loan amount, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before the loan can be drawn
6. Drawdown: Procedures and requirements for requesting and making loan disbursements
7. Interest: Interest rate, calculation method, and payment dates
8. Repayment: Terms for repayment including final maturity date and any interim payments
9. Prepayment: Conditions and procedures for early repayment
10. Representations and Warranties: Standard declarations made by the borrower about their status and capacity
11. Undertakings: Borrower's obligations during the loan period
12. Events of Default: Circumstances that would trigger default and lender's remedies
13. Fees and Expenses: Any fees payable and allocation of costs
14. Payments: Payment mechanics, currency, and timing
15. Notices: Communication procedures between parties
16. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction
1. Security: Details of any security or guarantees - include if the loan is secured
2. Tax Gross Up and Indemnities: Include if tax implications need specific handling
3. Increased Costs: Include if lender needs protection against regulatory cost changes
4. Multiple Lenders: Include if there is more than one lender, covering voting rights and decision-making
5. Assignment and Transfer: Include if parties want to allow transfer of loan participations
6. Subordination: Include if the loan needs to be subordinated to other debt
7. Currency Provisions: Include for multi-currency facilities or if currency risk needs addressing
8. Break Costs: Include if early repayment might trigger additional costs
1. Conditions Precedent Documents: List of required documents and conditions to be satisfied before drawdown
2. Form of Drawdown Request: Template for borrower to request loan disbursement
3. Repayment Schedule: If applicable, detailed schedule of repayment dates and amounts
4. Form of Compliance Certificate: Template for periodic confirmation of compliance with loan terms
5. Security Documents: If secured, details of security arrangements and documentation
6. Existing Financial Indebtedness: List of borrower's existing debt obligations
7. Contact Details: Detailed contact information for all parties and their representatives
8. Financial Covenants Calculations: If applicable, methodology for calculating financial covenants
Authors
Availability Period
Business Day
Closing Date
Commitment
Conditions Precedent
Default
Default Interest
Disruption Event
Danish Business Day
Drawdown
Drawdown Date
Drawdown Request
Event of Default
Facility
Fee Letter
Finance Documents
Financial Indebtedness
Group
Interest Payment Date
Interest Period
Interest Rate
Interim Facility
Legal Reservations
Lender
Loan
Long-term Financing
Material Adverse Effect
Maturity Date
Obligor
Permitted Financial Indebtedness
Potential Default
Principal Outstanding
Qualifying Lender
Reference Banks
Reference Rate
Repayment Date
Repeating Representations
Security
Security Documents
Subsidiary
Tax
Tax Deduction
Transaction Documents
Unpaid Sum
Utilisation
VAT
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Prepayment
Tax Gross-up
Increased Costs
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Security
Set-off
Assignment and Transfer
Costs and Expenses
Indemnities
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Severability
Force Majeure
Governing Law
Jurisdiction
Service of Process
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