Loan Indemnity Agreement Template for India

1. Parties: Identification of the Indemnifier, Indemnitee, and any other relevant parties including the primary debtor if different from the indemnifier

2. Background: Context of the loan arrangement, relationship between parties, and purpose of the indemnity

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation

4. Scope of Indemnity: Detailed description of the indemnity obligations, including specific losses, liabilities, and circumstances covered

5. Loan Details: Reference to the underlying loan agreement, amount, interest rate, and repayment terms

6. Indemnity Trigger Events: Specific events or circumstances that trigger the indemnity obligations

7. Payment Terms: Timing and method of indemnity payments, including any notice requirements

8. Duration of Indemnity: Term of the indemnity obligation and any survival provisions

9. Representations and Warranties: Standard representations by the indemnifier regarding capacity and authority

10. Covenants: Ongoing obligations of the indemnifier, including financial reporting if required

11. Default and Remedies: Events of default and available remedies for the indemnitee

12. Notices: Process and contact details for formal communications between parties

13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

14. Boilerplate Provisions: Standard contract clauses including amendments, waiver, severability, and entire agreement

1. Schedule 1 - Loan Agreement Details: Copy or key details of the underlying loan agreement

2. Schedule 2 - Secured Assets: List and description of any assets securing the indemnity obligation

3. Schedule 3 - Form of Demand: Standard form for making indemnity claims

4. Schedule 4 - Payment Details: Bank account and payment processing information

5. Schedule 5 - Contact Information: Detailed contact information for all parties and authorized representatives

6. Appendix A - Supporting Documents: Copies of relevant corporate authorizations and supporting documents

7. Appendix B - Calculation Methodology: If applicable, detailed methodology for calculating indemnity amounts