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1. Parties: Identifies and defines the Lender, Borrower, and any other parties to the agreement
2. Background: Sets out the context and purpose of the facility
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles
4. The Facility: Details the amount, purpose, and basic terms of the loan facility
5. Conditions Precedent: Specifies conditions that must be satisfied before drawdown
6. Drawdown: Sets out the mechanism and requirements for drawing down the facility
7. Interest: Specifies interest rate, calculation method, and payment terms
8. Repayment and Prepayment: Details repayment schedule, prepayment terms, and related conditions
9. Representations and Warranties: Contains borrower's confirmations about their status and capacity
10. Covenants: Sets out positive and negative obligations of the borrower
11. Events of Default: Lists circumstances that trigger default and lender's enforcement rights
12. Fees and Expenses: Details all fees, costs, and expenses payable under the facility
13. Changes to Parties: Addresses assignment and transfer rights
14. Notices: Specifies how formal communications should be made
15. Calculations and Certificates: Establishes basis for calculations and evidential value of certificates
16. Partial Invalidity: Preserves remainder of agreement if parts are invalid
17. Remedies and Waivers: Addresses cumulative nature of rights and effect of waiver
18. Governing Law and Enforcement: Specifies Nigerian law as governing law and enforcement provisions
1. Security: Required when facility is secured - details security arrangements and enforcement rights
2. Guarantee: Required when facility is guaranteed - contains guarantee terms and guarantor obligations
3. Increased Costs: Used for longer-term facilities to address regulatory changes affecting lender's costs
4. Tax Gross Up and Indemnities: Used when tax implications need specific attention, especially with corporate borrowers
5. Currency Provisions: Required for facilities involving foreign currency or multiple currencies
6. Set-off: Optional rights of set-off against borrower's other accounts
7. Multi-borrower Provisions: Required when facility involves multiple borrowers
8. Agency and Trust Provisions: Required for syndicated facilities with multiple lenders
9. Islamic Finance Provisions: Required when facility needs to be Sharia-compliant
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Drawdown Request: Template for borrower to request drawdown of facility
3. Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Form of Transfer Certificate: Template for transferring rights/obligations under the facility
5. Security Documents: Forms of security documents or list of security requirements
6. Fees Schedule: Detailed breakdown of all applicable fees
7. Financial Covenants: Detailed financial ratios and calculations
8. Form of Compliance Certificate: Template for periodic compliance certification
9. Existing Security/Indebtedness: List of permitted existing security or indebtedness
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