Loan Commitment Agreement Template for India

1. Parties: Identifies and defines the lender, borrower, and any guarantors with their full legal names and addresses

2. Background: Describes the context of the loan commitment, including the borrower's request and lender's agreement to provide the facility

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. Facility Amount and Purpose: Specifies the committed loan amount and permitted purposes for which the loan may be used

5. Availability Period: Defines the period during which the borrower can draw down the loan

6. Conditions Precedent: Lists the conditions that must be satisfied before the facility becomes available

7. Interest and Fees: Details the interest rate, commitment fees, and other charges applicable to the facility

8. Drawdown Mechanics: Specifies the process and requirements for requesting and receiving loan disbursements

9. Representations and Warranties: Contains statements of fact and assurances given by the borrower

10. Covenants: Sets out the borrower's ongoing obligations, including financial covenants and reporting requirements

11. Events of Default: Lists circumstances that would constitute default and trigger remedial actions

12. Remedies: Outlines the lender's rights and remedies upon occurrence of an event of default

13. Notices: Specifies how formal communications between parties should be made

14. Governing Law and Jurisdiction: Establishes Indian law as governing law and specifies jurisdiction for dispute resolution

1. Schedule 1 - Facility Terms: Detailed commercial terms including facility amount, interest rates, fees, and repayment schedule

2. Schedule 2 - Conditions Precedent Documents: List of all documents and evidence required before facility availability

3. Schedule 3 - Form of Drawdown Request: Template for the borrower to request loan disbursements

4. Schedule 4 - Form of Compliance Certificate: Template for periodic confirmation of covenant compliance

5. Schedule 5 - Security Documents: List and copies of security documents if the facility is secured

6. Schedule 6 - Financial Covenants Calculations: Detailed methodology for calculating financial covenants

7. Appendix A - KYC Requirements: List of required know-your-customer documentation

8. Appendix B - Fee Schedule: Detailed breakdown of all applicable fees and charges