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1. Parties: Identification of the Lender and Borrower with their full legal names, registration details, and addresses
2. Background: Context of the loan arrangement, relationship between parties, and purpose of the loan
3. Definitions: Definitions of key terms used throughout the agreement, including financial terms, profit calculation methods, and technical terminology
4. Loan Amount and Disbursement: Details of the principal loan amount, disbursement schedule, and conditions precedent to disbursement
5. Profit Sharing Structure: Detailed mechanism for calculating and sharing profits, including profit ratio, calculation periods, and payment terms
6. Term and Repayment: Duration of the loan, repayment schedule of principal, and profit distribution timeline
7. Conditions Precedent: Prerequisites that must be satisfied before the loan becomes effective or before disbursement
8. Representations and Warranties: Statements of fact and assurances given by the Borrower regarding their business, financial condition, and authority
9. Covenants: Positive and negative obligations of the Borrower during the loan term, including financial covenants and reporting requirements
10. Security: Details of any collateral or security provided for the loan
11. Events of Default: Circumstances that constitute default and their consequences
12. Rights and Remedies: Actions available to the Lender in case of default or breach
13. Boilerplate Provisions: Standard legal provisions including notices, amendments, governing law, and dispute resolution
1. Islamic Finance Compliance: Required if the profit-sharing structure needs to comply with Islamic finance principles
2. Currency Provisions: Required for cross-border transactions or if multiple currencies are involved
3. Tax Provisions: Detailed tax arrangements and withholding requirements, if significant tax implications exist
4. Assignment and Transfer: Rules for transferring or assigning rights under the agreement, if such flexibility is desired
5. Force Majeure: Provisions for unforeseen circumstances affecting business operations and profit generation
6. Step-In Rights: Lender's rights to take control of certain business operations in specific circumstances
7. Insurance Requirements: Specific insurance obligations of the Borrower, if required
8. Environmental Compliance: Required for businesses with environmental impact or risks
9. Regulatory Compliance: Specific provisions for regulated industries or activities
1. Schedule 1 - Profit Calculation Methodology: Detailed formula and examples of profit calculation and distribution
2. Schedule 2 - Repayment Schedule: Detailed timeline of principal repayment and expected profit distribution dates
3. Schedule 3 - Conditions Precedent Documents: List of required documents and conditions to be satisfied
4. Schedule 4 - Security Details: Detailed description of security or collateral provided
5. Schedule 5 - Financial Covenants: Specific financial ratios and thresholds to be maintained
6. Schedule 6 - Reporting Requirements: Format and timing of financial and operational reports
7. Schedule 7 - Form of Notices: Templates for various notices required under the agreement
8. Appendix A - Business Plan: Borrower's business plan and profit projections
9. Appendix B - Initial Financial Statements: Borrower's financial statements as at the agreement date
Additional Security
Advance
Affiliate
Applicable Law
Authorisation
Available Facility
Business Day
Business Plan
CBN
Change of Control
Closing Date
Collateral
Conditions Precedent
Confidential Information
Default
Default Rate
Disbursement
Disbursement Date
Dispute
Distribution Date
Effective Date
Encumbrance
Event of Default
Facility
Final Maturity Date
Finance Documents
Financial Indebtedness
Financial Statements
Financial Year
Force Majeure Event
Group
Guarantee
Holding Company
Information Memorandum
Insolvency Event
Material Adverse Effect
Minimum Profit Share
Naira
Notice
Participating Interest
Payment Date
Permitted Security
Profit
Profit Calculation Period
Profit Distribution
Profit Rate
Profit Share
Profit Sharing Ratio
Project
Project Account
Qualifying Revenue
Reference Banks
Relevant Jurisdiction
Repayment Date
Repayment Schedule
Revenue
Security
Security Documents
Subsidiary
Tax
Transaction Documents
Utilisation
Utilisation Date
Utilisation Request
Valuation Report
Facility
Purpose
Conditions Precedent
Disbursement
Profit Sharing
Profit Calculation
Repayment
Prepayment
Security
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Amendments and Waivers
Confidentiality
Counterparts
Governing Law
Enforcement
Dispute Resolution
Force Majeure
Anti-Money Laundering
Regulatory Compliance
Tax
Costs and Expenses
Indemnities
Currency
Business Day Convention
Account Operation
Islamic Finance Compliance
Records and Monitoring
Insurance
Assignment and Transfer
Termination
Entire Agreement
Banking and Financial Services
Islamic Banking
Small and Medium Enterprises
Manufacturing
Real Estate and Construction
Agriculture
Technology and Innovation
Retail and Commerce
Healthcare
Energy and Natural Resources
Transportation and Logistics
Education
Legal
Finance
Compliance
Risk Management
Treasury
Corporate Finance
Islamic Banking
Credit
Business Development
Operations
Commercial
Executive Leadership
Chief Financial Officer
Finance Director
Legal Counsel
Compliance Officer
Risk Manager
Investment Manager
Corporate Finance Manager
Islamic Banking Specialist
Credit Risk Officer
Treasury Manager
Business Development Manager
Financial Controller
Company Secretary
Commercial Director
Chief Executive Officer
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