Company Loan Agreement Template for Nigeria

1. Parties: Identification of the lender and borrower with their full corporate details

2. Background: Context of the loan agreement and brief description of the transaction

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

4. The Facility: Details of the loan amount, purpose, and availability

5. Conditions Precedent: Conditions that must be satisfied before the loan can be drawn

6. Drawdown: Procedures and requirements for drawing down the loan

7. Interest: Interest rate, calculation method, and payment terms

8. Repayment: Terms and schedule for repayment of the principal amount

9. Security: Details of security arrangements for the loan

10. Representations and Warranties: Statements of fact and assurances given by the borrower

11. Covenants: Positive and negative obligations of the borrower during the loan term

12. Events of Default: Circumstances that constitute default and consequences

13. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction

14. Notices: Process for giving notices under the agreement

15. Boilerplate Clauses: Standard contractual provisions including severability, entire agreement, and amendments

1. Conditions Precedent Documents: List of all documents required before loan drawdown

2. Drawdown Request Form: Standard form for requesting loan disbursements

3. Repayment Schedule: Detailed schedule of repayment dates and amounts

4. Security Documents: Forms of security documents and details of security arrangements

5. Corporate Authorizations: Required corporate approvals and resolutions

6. Form of Compliance Certificate: Template for periodic compliance certification

7. Security Assets Schedule: Detailed list and description of assets provided as security