The Debt Facility Agreement is a crucial financing document used in the Nigerian market when a lender provides credit facilities to a borrower. It serves as the primary agreement governing the lending relationship and must comply with Nigerian banking and financial services regulations, including BOFIA 2020 and CBN guidelines. The agreement is typically used for corporate borrowing, project finance, or working capital facilities, and can be structured as either bilateral or syndicated arrangements. It includes detailed provisions on facility terms, security arrangements, conditions for drawdown, covenant packages, and enforcement mechanisms. The document must be properly stamped under Nigerian law to be admissible in court and may require registration with relevant Nigerian authorities depending on the security package.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies and defines the Lender(s), Borrower(s), and any guarantors or security providers
2. Background: Sets out the context of the facility and purpose of the loan
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles for the agreement
4. The Facility: Details the amount, purpose, and nature of the facility
5. Conditions Precedent: Lists conditions that must be satisfied before drawdown
6. Drawdown: Specifies drawdown mechanics, notice requirements, and availability period
7. Interest: Sets out interest rate, calculation methods, and payment dates
8. Repayment: Details repayment schedule, prepayment provisions, and final maturity
9. Representations and Warranties: Borrower's confirmations regarding its status, capacity, and circumstances
10. Covenants: Positive and negative undertakings of the borrower
11. Events of Default: Circumstances that trigger default and lender's acceleration rights
12. Changes to Parties: Provisions for assignment and transfer of rights
13. Payments: Payment mechanics, currency, and tax provisions
14. Notices: Communication methods and contact details
15. Governing Law and Jurisdiction: Confirms Nigerian law as governing law and jurisdiction for disputes
1. Security: Include when facility is secured - details security structure and enforcement rights
2. Guarantees: Include when there are guarantors - sets out guarantee terms and guarantor obligations
3. Agent and Security Trustee Provisions: Include for syndicated facilities with multiple lenders
4. Market Disruption: Include for facilities with floating interest rates to address market disruption events
5. Increased Costs and Illegality: Include for longer-term facilities to address regulatory changes
6. Set-off Rights: Include when lender has other banking relationship with borrower
7. Counter-terrorism and Anti-money Laundering: Include for compliance with specific regulatory requirements
8. Environmental Compliance: Include for project finance facilities with environmental impacts
9. Insurance: Include when specific insurance requirements are needed for secured assets
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Drawdown Request: Template for borrower to request loan disbursement
3. Repayment Schedule: Detailed amortization schedule if term loan
4. Form of Transfer Certificate: Template for transferring loan participations
5. Security Documents: List and copies of all security documents
6. Financial Covenants: Detailed financial ratios and calculations
7. Authorized Signatories: List of persons authorized to sign notices and requests
8. Form of Compliance Certificate: Template for periodic compliance confirmation
9. Existing Security and Permitted Financial Indebtedness: List of existing encumbrances and permitted debt
Relevant legal definitions
Accordion
Account Bank
Additional Lender
Affiliate
Agreement
Authorisation
Availability Period
Available Commitment
Available Facility
Borrower
Business Day
CBN
Commitment
Compliance Certificate
Conditions Precedent
Confidential Information
Default
Default Interest
Default Rate
Disruption Event
Drawdown Date
Drawdown Request
Environmental Law
Event of Default
Facility
Facility Agent
Facility Office
Fee Letter
Finance Document
Finance Party
Financial Indebtedness
Financial Statements
Group
Guarantor
Holding Company
Increased Costs
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Majority Lenders
Margin
Material Adverse Effect
Naira
Notice
Obligor
Original Financial Statements
Original Jurisdiction
Party
Permitted Security
Potential Event of Default
Principal Outstanding
Purpose
Quotation Day
Reference Banks
Repayment Date
Repayment Schedule
Repeating Representations
Representative
Security
Security Document
Security Provider
Security Trustee
Subsidiary
Tax
Total Commitments
Transfer Certificate
Transfer Date
Unpaid Sum
Utilisation
VAT
Account Bank
Additional Lender
Affiliate
Agreement
Authorisation
Availability Period
Available Commitment
Available Facility
Borrower
Business Day
CBN
Commitment
Compliance Certificate
Conditions Precedent
Confidential Information
Default
Default Interest
Default Rate
Disruption Event
Drawdown Date
Drawdown Request
Environmental Law
Event of Default
Facility
Facility Agent
Facility Office
Fee Letter
Finance Document
Finance Party
Financial Indebtedness
Financial Statements
Group
Guarantor
Holding Company
Increased Costs
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Majority Lenders
Margin
Material Adverse Effect
Naira
Notice
Obligor
Original Financial Statements
Original Jurisdiction
Party
Permitted Security
Potential Event of Default
Principal Outstanding
Purpose
Quotation Day
Reference Banks
Repayment Date
Repayment Schedule
Repeating Representations
Representative
Security
Security Document
Security Provider
Security Trustee
Subsidiary
Tax
Total Commitments
Transfer Certificate
Transfer Date
Unpaid Sum
Utilisation
VAT
Clauses
Interpretation
Definitions
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Interest Periods
Market Disruption
Repayment
Prepayment
Cancellation
Tax Gross Up
Increased Costs
Representations
Warranties
Information Covenants
Financial Covenants
General Covenants
Negative Pledge
Events of Default
Security
Guarantee
Set-off
Payment Mechanics
Currency
Assignments and Transfers
Changes to Parties
Agency
Security Trust
Costs and Expenses
Indemnities
Confidentiality
Notices
Calculations
Remedies and Waivers
Amendments
Severability
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Jurisdiction
Service of Process
Waiver of Immunity
Definitions
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Interest Periods
Market Disruption
Repayment
Prepayment
Cancellation
Tax Gross Up
Increased Costs
Representations
Warranties
Information Covenants
Financial Covenants
General Covenants
Negative Pledge
Events of Default
Security
Guarantee
Set-off
Payment Mechanics
Currency
Assignments and Transfers
Changes to Parties
Agency
Security Trust
Costs and Expenses
Indemnities
Confidentiality
Notices
Calculations
Remedies and Waivers
Amendments
Severability
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Jurisdiction
Service of Process
Waiver of Immunity
Relevant Industries
Banking & Financial Services
Manufacturing
Real Estate & Construction
Oil & Gas
Telecommunications
Agriculture
Healthcare
Infrastructure
Mining
Retail & Consumer Goods
Technology
Transportation & Logistics
Power & Energy
Industrial
Hospitality
Relevant Teams
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit
Operations
Company Secretariat
Business Development
Investment
Documentation
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Compliance Officer
Risk Manager
Credit Manager
Relationship Manager
Corporate Banking Officer
Transaction Manager
Company Secretary
Financial Controller
Chief Executive Officer
Managing Director
Investment Officer
Loan Officer
Find the exact document you need
Simple Interest Loan Contract
A Nigerian law-governed agreement establishing terms for a loan with simple interest calculation, including repayment terms and party obligations.
find out more
Factoring Agreement
A Nigerian law-governed agreement establishing terms for the purchase of accounts receivable by a Factor from a Client, including pricing, procedures, and parties' obligations.
find out more
Employees Loan Agreement
A Nigerian law-governed agreement establishing terms for workplace loans between employers and employees, including repayment through salary deductions.
find out more
Co Financing Agreement
A Nigerian law-governed agreement establishing terms for multiple financial institutions to jointly finance a project, including contribution ratios, disbursement mechanisms, and inter-creditor arrangements.
find out more
Litigation Funding Agreement
A Nigerian law-governed agreement setting out terms for third-party funding of litigation, including funding commitments, returns, and risk allocation.
find out more
Loan Facilitation Agreement
A Nigerian law-governed agreement establishing terms for loan facilitation services between lenders and borrowers, ensuring regulatory compliance and defining party obligations.
find out more
Simple Loan Term Sheet
A Nigerian law-governed preliminary document outlining key commercial and legal terms for a proposed loan facility, serving as the basis for a detailed loan agreement.
find out more
Loan For Use Agreement
A Nigerian law-governed agreement allowing temporary, free use of an item or asset, with an obligation to return it in its original condition.
find out more
Hire Purchase Agreement For Car
A Nigerian law-governed agreement for the purchase of a vehicle through installment payments, with ownership transferring upon final payment.
find out more
International Loan Agreement
Nigerian law-governed agreement for international lending transactions, incorporating local regulatory requirements and international banking standards.
find out more
Film Financing Agreement
A Nigerian law-governed agreement setting out terms for film production financing, including investment structure, rights, and profit-sharing arrangements.
find out more
Undertaking Loan Agreement
A Nigerian law-governed loan agreement setting out terms, conditions, and undertakings between lender and borrower, with specific compliance requirements under Nigerian banking regulations.
find out more
Trade Finance Agreement
Nigerian law-governed agreement establishing terms for trade finance facilities between financial institutions and trading entities, incorporating local regulatory requirements and international practices.
find out more
Real Estate Loan Agreement
A Nigerian law-governed agreement establishing terms for a real estate-secured loan, including property security arrangements and regulatory compliance requirements.
find out more
Project Finance Contract
A Nigerian law-governed agreement establishing terms for project financing of large-scale infrastructure or development projects, incorporating local regulatory requirements and international best practices.
find out more
Official Loan Agreement
A Nigerian law-governed loan agreement establishing formal lending terms between parties, compliant with local banking regulations and financial laws.
find out more
Margin Loan Agreement
A Nigerian law-governed agreement establishing terms for margin lending facilities, including loan terms, collateral requirements, and regulatory compliance measures.
find out more
Loan Swap Agreement
A Nigerian law-governed agreement enabling the exchange of loan obligations between parties, including provisions for interest rate or currency swaps and regulatory compliance.
find out more
Financing Contract Agreement
A Nigerian law-governed agreement establishing the terms and conditions of a financing facility between lender and borrower, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Financial Support Agreement
A Nigerian law-governed agreement establishing terms for financial support between parties, including funding terms, repayment conditions, and regulatory compliance requirements.
find out more
Financial Assistance Agreement
A Nigerian law-governed agreement establishing terms and conditions for providing financial assistance, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Financial Agreement Between Two Parties
A Nigerian law-governed financial agreement template for structuring financial arrangements between two parties, ensuring regulatory compliance and clear terms.
find out more
Car Loan Agreement Between Individuals
A Nigerian-law governed agreement between private individuals for a car loan, establishing terms, conditions, and security arrangements for vehicle financing.
find out more
Car Loan Agreement Between Family
A Nigerian law-governed agreement formalizing a car loan arrangement between family members, including loan terms, vehicle security, and repayment provisions.
find out more
Car Installment Agreement
A Nigerian law-governed agreement for vehicle purchase through installment payments, detailing payment terms, ownership rights, and party obligations.
find out more
Car Finance Contract
A Nigerian law-governed agreement establishing terms and conditions for vehicle financing, including payment obligations, security interests, and regulatory compliance requirements.
find out more
Bridge Financing Agreement
A Nigerian law-governed agreement providing temporary financing to bridge gaps between immediate capital needs and long-term funding solutions.
find out more
Bridge Facility Agreement
A Nigerian law-governed temporary financing arrangement providing short-term funding while permanent financing is arranged.
find out more
Auto Finance Contract
A Nigerian law-governed vehicle financing agreement that structures the terms and conditions for vehicle purchase financing, ensuring compliance with local banking and consumer protection regulations.
find out more
Motorcycle Hire Purchase Agreement
A Nigerian law-governed agreement for motorcycle purchase through hire purchase arrangements, detailing payment terms, ownership rights, and obligations.
find out more
Tri Party Loan Agreement
A Nigerian law-governed agreement establishing a three-way loan arrangement between lender, borrower, and a third party, detailing loan terms and parties' obligations.
find out more
Standard Hire Purchase Agreement
A Nigerian law-governed agreement enabling purchase of goods through installments, with ownership transferring upon final payment.
find out more
Master Asset Finance Agreement
A Nigerian law-governed master agreement establishing terms for ongoing asset financing arrangements between a financial institution and borrower.
find out more
Development Credit Agreement
A Nigerian law-governed agreement establishing terms for development financing, including credit facility arrangements, project implementation requirements, and compliance obligations.
find out more
Consortium Loan Agreement
A Nigerian law-governed agreement establishing terms for a multi-lender loan facility, including syndication and security arrangements.
find out more
Small Business Loan Agreement
Nigerian-law governed loan agreement between a financial institution and small business, detailing loan terms, security, and obligations under CBN regulations.
find out more
Small Credit Agreement
Nigerian-law governed Small Credit Agreement template for structured small-scale lending transactions, compliant with local banking and consumer protection regulations.
find out more
Mortgage Loan Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of mortgage loan portfolios between financial institutions, including transfer and servicing arrangements.
find out more
Loan Agreement Between Lender Borrower And Guarantor
Nigerian law-governed loan agreement establishing lending terms between lender, borrower, and guarantor, with comprehensive security and obligation provisions.
find out more
Monthly Payment Plan Agreement
A Nigerian law-governed agreement establishing structured monthly payment terms between parties, including payment schedules, conditions, and regulatory compliance requirements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)