The Company Loan Agreement is a crucial document used in Nigerian corporate financing transactions when a company seeks to obtain debt financing from a financial institution. This agreement is structured to comply with Nigerian law, particularly the Companies and Allied Matters Act (CAMA) 2020 and the Banks and Other Financial Institutions Act (BOFIA) 2020. It outlines the complete relationship between the lender and borrower, including detailed provisions for loan disbursement, security arrangements, repayment terms, and borrower obligations. The document is essential for protecting both parties' interests and ensuring the loan transaction meets regulatory requirements and market standards in Nigeria's financial sector.

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