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1. Parties: Identification of the lender(s) and borrower(s) with their full legal names and addresses
2. Background: Recitals explaining the context and purpose of the financing arrangement
3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation
4. The Facility: Details of the loan amount, purpose, and availability period
5. Interest: Interest rate, calculation method, payment periods, and default interest provisions
6. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics
7. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
8. Representations and Warranties: Statements of fact and assurances given by the borrower
9. Covenants: Positive and negative obligations of the borrower during the loan period
10. Events of Default: Circumstances that would trigger default and acceleration of the loan
11. Remedies: Rights and remedies available to the lender upon occurrence of an event of default
12. Changes to Parties: Provisions regarding assignment and transfer rights
13. Notices: Communication procedures and contact details
14. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
15. Boilerplate Provisions: Standard clauses including severability, entire agreement, amendments, and counterparts
1. Security: Details of any collateral or security arrangements - required if the loan is secured
2. Guarantee: Terms of any guarantee provided - required if there are guarantors
3. Agency and Trust: Provisions governing the relationship between multiple lenders - required in syndicated facilities
4. Account Bank Arrangements: Special provisions regarding designated accounts - required if specific account arrangements are part of the facility
5. Tax Gross-up and Indemnities: Detailed tax provisions - required if cross-border elements or specific tax arrangements apply
6. Increased Costs: Provisions for dealing with regulatory changes affecting lenders' costs - important in longer-term facilities
7. Currency Provisions: Required if the facility involves multiple currencies or foreign exchange elements
8. Islamic Finance Provisions: Required if the facility needs to be Sharia-compliant
1. Schedule 1 - Conditions Precedent Documents: List of all documents and conditions required before drawdown
2. Schedule 2 - Form of Drawdown Request: Template for the borrower to request disbursement of funds
3. Schedule 3 - Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Schedule 4 - Form of Transfer Certificate: Template for transferring rights and obligations under the facility
5. Schedule 5 - Security Documents: List and copies of all security documents if applicable
6. Schedule 6 - Permitted Security: List of security interests permitted to exist alongside the facility
7. Schedule 7 - Form of Compliance Certificate: Template for periodic confirmation of compliance with facility terms
8. Appendix A - Calculation of Interest Rate: Detailed methodology for interest calculations and adjustments
Account Bank
Additional Lender
Affiliate
Authorisation
Available Commitment
Available Facility
Base Rate
Borrower
Business Day
CAMA
CBN
Change of Control
Commitment
Compliance Certificate
Confidential Information
Default
Default Interest
Default Rate
Disruption Event
Drawdown Date
Drawdown Request
Event of Default
Facility
Facility Office
Fee Letter
Finance Document
Finance Party
Financial Indebtedness
Financial Statements
Financial Year
Governmental Agency
Group
Guarantor
Holding Company
Interest Payment Date
Interest Period
Legal Reservation
Lender
Loan
Major Default
Margin
Material Adverse Effect
Month
Naira
Notice
Obligor
Original Financial Statements
Original Jurisdiction
Party
Permitted Security Interest
Potential Event of Default
Property
Qualifying Lender
Quotation Day
Reference Banks
Relevant Market
Repayment Date
Repeating Representations
Representative
Screen Rate
Security
Security Document
Security Property
Secured Obligations
Specified Time
Subsidiary
Tax
Tax Deduction
Total Commitments
Transfer Certificate
Transfer Date
Unpaid Sum
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Prepayment
Cancellation
Security
Guarantees
Representations and Warranties
Information Covenants
Financial Covenants
General Covenants
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Severability
Assignment
Third Party Rights
Enforcement
Governing Law
Jurisdiction
Service of Process
Force Majeure
Indemnification
Tax
Increased Costs
Currency
Anti-Money Laundering
Foreign Exchange
Agency Provisions
Account Provisions
Default Interest
Fees and Expenses
Stamp Duties
Registration Requirements
Banking and Financial Services
Real Estate
Manufacturing
Oil and Gas
Agriculture
Technology
Telecommunications
Infrastructure
Healthcare
Retail
Mining
Construction
Transportation
Energy
Education
Legal
Finance
Treasury
Risk Management
Compliance
Corporate Secretariat
Credit
Commercial
Business Development
Operations
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Finance Manager
Treasury Manager
Risk Manager
Compliance Officer
Company Secretary
Managing Director
Chief Executive Officer
Credit Risk Officer
Relationship Manager
Transaction Manager
Investment Officer
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