Loan Indemnification Agreement Template for Nigeria

1. Parties: Identifies and defines all parties to the agreement - typically the Indemnifier, the Beneficiary, and may include the original borrower if different from the indemnifier

2. Background: Recitals explaining the context of the underlying loan agreement and the purpose of the indemnification

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules

4. Indemnification Obligations: Details the specific obligations of the indemnifier, including scope and extent of the indemnification

5. Trigger Events: Specifies the circumstances that activate the indemnification obligations

6. Payment Terms: Sets out how and when indemnification payments must be made, including currency and method of payment

7. Duration: Specifies how long the indemnification obligations remain in effect

8. Representations and Warranties: Standard declarations by the indemnifier about their capacity and authority to enter into the agreement

9. Notices: Specifies how formal communications between parties should be made and delivered

10. Governing Law and Jurisdiction: Confirms Nigerian law as governing law and specifies jurisdiction for dispute resolution

11. Boilerplate Provisions: Standard contractual provisions including severability, entire agreement, and amendments

1. Schedule 1 - The Loan Agreement: Copy or details of the underlying loan agreement being indemnified

2. Schedule 2 - Specified Events: Detailed list of events triggering the indemnification obligation

3. Schedule 3 - Payment Procedures: Detailed procedures for making indemnification payments

4. Schedule 4 - Form of Notice: Template for formal notices under the agreement

5. Schedule 5 - Security Details: Details of any security provided (if applicable)

6. Appendix A - Corporate Authorizations: Copies of relevant corporate authorizations and board resolutions