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1. Parties: Identifies and defines the parties to the agreement - typically the lender(s) and borrower(s), including their full legal names and addresses
2. Background: Sets out the context and purpose of the financing arrangement, including any relevant preliminary discussions or arrangements
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpreting the document
4. The Facility: Details the amount, type, and purpose of the financing facility being provided
5. Conditions Precedent: Lists the conditions that must be satisfied before the facility becomes available
6. Drawdown: Specifies the mechanism and conditions for accessing the facility funds
7. Interest: Details the interest rate(s), calculation method, and payment terms
8. Repayment: Outlines the repayment schedule, amounts, and mechanisms
9. Security: Details the security/collateral arrangements securing the facility
10. Representations and Warranties: States the facts and assurances provided by the borrower
11. Covenants: Sets out the positive and negative obligations of the borrower during the facility period
12. Events of Default: Lists circumstances that constitute default and the consequences thereof
13. Fees and Expenses: Details all fees, costs, and expenses related to the facility
14. Changes to Parties: Provisions regarding assignment, transfer, or novation of rights and obligations
15. Notices: Specifies how formal communications between parties should be made
16. Governing Law and Jurisdiction: Establishes Nigerian law as governing law and specifies jurisdiction for disputes
17. Execution: Signature blocks and execution formalities
1. Syndication Provisions: Required when multiple lenders are involved or if syndication is contemplated
2. Islamic Finance Provisions: Required when the financing needs to comply with Islamic banking principles
3. Foreign Currency Provisions: Required when the facility involves foreign currency or international transactions
4. Insurance: Detailed insurance requirements when specific insurance coverage is required for the facility
5. Tax Provisions: Detailed tax clauses when complex tax implications exist or cross-border elements are involved
6. Force Majeure: Detailed provisions for unforeseen circumstances, particularly relevant in long-term financing
7. Anti-Money Laundering Provisions: Enhanced AML provisions for high-risk transactions or when required by regulatory requirements
8. Environmental Compliance: Required when financing projects with environmental impacts or risks
9. Security Trustee Provisions: Required when security is held by a trustee on behalf of multiple lenders
1. Facility Details: Detailed breakdown of the facility amount, purpose, and terms
2. Conditions Precedent Documents: List of all required documents and conditions to be satisfied
3. Drawdown Request Form: Template form for requesting drawdown of the facility
4. Repayment Schedule: Detailed amortization or repayment schedule
5. Security Documents: List and copies of all security documents
6. Fee Schedule: Detailed breakdown of all applicable fees and charges
7. Financial Covenants: Detailed financial ratios and covenants to be maintained
8. Permitted Security Interests: List of security interests permitted under the agreement
9. Form of Compliance Certificate: Template for periodic compliance reporting
Account
Account Bank
Affiliate
Agreement
Applicable Law
Authorisation
Available Commitment
Available Facility
Banking Day
Borrower
Business Day
CBN
Change of Control
Commitment
Compliance Certificate
Conditions Precedent
Confidential Information
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Effective Date
Encumbrance
Event of Default
Facility
Facility Amount
Facility Documents
Facility Period
Final Maturity Date
Finance Documents
Finance Parties
Financial Indebtedness
Financial Statements
Force Majeure Event
Group
Guarantee
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Naira
Obligors
Outstanding Amount
Permitted Security Interest
Potential Event of Default
Principal Amount
Repayment Date
Repayment Schedule
Representations
Security
Security Agent
Security Documents
Security Interest
Security Provider
Subsidiary
Tax
Transaction Documents
Utilisation
Warranties
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Prepayment
Security
Representations and Warranties
Covenants
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Acceleration
Changes to Parties
Payment Mechanics
Set-off
Costs and Expenses
Indemnities
Confidentiality
Assignment and Transfer
Amendments and Waivers
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Enforcement
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Force Majeure
Anti-Money Laundering
Sanctions Compliance
Tax
Currency Provisions
Agency Provisions
Security Trust Provisions
Banking and Financial Services
Real Estate and Construction
Manufacturing
Agriculture
Oil and Gas
Technology and Telecommunications
Healthcare
Education
Transportation and Logistics
Retail and Consumer Goods
Energy and Utilities
Mining and Natural Resources
Infrastructure Development
Small and Medium Enterprises
Legal
Finance
Risk Management
Compliance
Treasury
Credit
Corporate Banking
Operations
Investment
Corporate Secretariat
Business Development
Portfolio Management
Transaction Advisory
Documentation
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Finance Manager
Credit Risk Manager
Relationship Manager
Treasury Manager
Compliance Officer
Risk Officer
Company Secretary
Investment Manager
Transaction Manager
Portfolio Manager
Banking Operations Manager
Credit Analyst
Financial Controller
Managing Director
Chief Executive Officer
Chief Risk Officer
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