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Loan Amendment Agreement
"I need a Loan Amendment Agreement under Indonesian law to extend the maturity date of our existing USD 5 million facility to March 15, 2025, and increase the interest rate by 0.5%, with the original security package to remain in place."
1. Parties: Identification of the lender(s) and borrower(s), including their complete legal names, addresses, and company registration numbers
2. Background: Recitals explaining the original loan agreement details, reason for amendment, and confirmation of parties' agreement to amend
3. Definitions: Definitions of terms used in the amendment agreement, including reference to definitions in the original agreement
4. Interpretation: Rules for interpreting the amendment agreement and its relationship with the original agreement
5. Amendments: Specific modifications to the original agreement, clearly stating old and new provisions
6. Continuing Effect: Confirmation that all other terms of the original agreement remain unchanged and in full force
7. Representations and Warranties: Updated confirmations from parties regarding their capacity and authority to enter into the amendment
8. Conditions Precedent: Requirements to be satisfied before the amendments become effective
9. Costs and Expenses: Allocation of costs related to the preparation and execution of the amendment
10. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution requirements under Indonesian law
1. Security Confirmation: Required when existing security documents need to be confirmed or amended
2. Change of Parties: Include when there are changes to lenders or borrowers, including transfer provisions
3. Additional Covenants: New undertakings or modifications to existing covenants
4. Consent and Waiver: Required when certain requirements or defaults need to be waived
5. Tax Provisions: Include when tax implications of the amendment need to be addressed
6. Currency Provisions: Required when dealing with foreign currency loans or currency conversion issues
7. Electronic Execution: Include when agreement will be executed electronically under Indonesian Electronic Information and Transaction Law
1. Schedule 1 - Amended Loan Terms: Detailed list of specific terms being amended, showing original and new versions
2. Schedule 2 - Conditions Precedent Documents: List of required documents and conditions to be satisfied
3. Schedule 3 - Form of Effective Date Notice: Template notice confirming when amendments become effective
4. Schedule 4 - Corporate Authorizations: Copies of relevant corporate approvals and authorizations
5. Appendix A - Original Loan Agreement: Copy of the original loan agreement being amended
6. Appendix B - Security Confirmation Documents: If applicable, documents confirming continued validity of security
7. Appendix C - Regulatory Approvals: Copies of any required regulatory approvals for the amendment
Authors
Amendments
Conditions Precedent
Representations and Warranties
Continuing Security
Fees and Expenses
Interest
Repayment
Prepayment
Security
Covenants
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Severability
Assignment
Force Majeure
Governing Law
Dispute Resolution
Language
Electronic Execution
Regulatory Compliance
Currency Provisions
Tax Provisions
Authority and Capacity
Further Assurance
Costs and Expenses
Banking
Financial Services
Real Estate
Infrastructure
Manufacturing
Mining
Agriculture
Technology
Telecommunications
Energy
Construction
Retail
Healthcare
Transportation
Hospitality
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Secretariat
Credit Administration
Banking Operations
Corporate Finance
Executive Management
Board of Directors
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Secretary
Compliance Officer
Risk Manager
Banking Relationship Manager
Credit Officer
Loan Officer
Corporate Finance Manager
Financial Controller
Head of Legal
Managing Director
Board Director
Company Secretary
Senior Finance Manager
Banking Operations Manager
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