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1. Parties: Identifies and defines the Lender and Borrower with full legal names and addresses
2. Background: Explains the context of the loan and the parties' intention to enter into the agreement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. The Loan: Specifies the loan amount, purpose, and disbursement conditions
5. Interest: Details the interest rate, calculation method, and payment terms
6. Repayment: Specifies repayment schedule, methods, and prepayment terms
7. Conditions Precedent: Lists conditions that must be satisfied before loan disbursement
8. Representations and Warranties: Statements of fact and assurances given by the Borrower
9. Borrower's Covenants: Positive and negative obligations of the Borrower during the loan term
10. Events of Default: Circumstances that constitute default and consequences thereof
11. Remedies: Lender's rights and remedies upon occurrence of an Event of Default
12. Notices: Communication procedures between parties
13. Assignment and Transfer: Rules regarding transfer of rights under the agreement
14. Governing Law and Jurisdiction: Confirms Nigerian law as governing law and jurisdiction for disputes
15. Execution: Signature blocks and execution formalities
1. Security: Include when loan is secured by specific assets or guarantees
2. Insurance: Include when specific insurance requirements are imposed on the Borrower
3. Special Conditions: Include for industry-specific or unusual loan terms
4. Counter-Indemnity: Include when there are guarantors involved
5. Additional Parties: Include when guarantors or security providers are party to the agreement
6. Set-off Rights: Include when Lender has right to set off against Borrower's other accounts
7. Tax Provisions: Include detailed tax provisions when cross-border elements exist
8. Change of Circumstances: Include provisions for material adverse change or force majeure
1. Loan Details: Detailed breakdown of loan amount, interest rates, and payment schedule
2. Conditions Precedent Documents: List of required documents and conditions to be satisfied
3. Security Details: Description of any security or collateral (if applicable)
4. Repayment Schedule: Detailed amortization schedule with payment dates and amounts
5. Form of Drawdown Notice: Template for Borrower to request loan disbursement
6. Forms of Compliance Certificate: Template for periodic compliance certification
7. Permitted Security: List of security interests permitted under the agreement
8. Required Insurance: Details of required insurance coverage and terms
Applicable Law
Available Facility
Business Day
Borrower
Central Bank
Conditions Precedent
Default Interest Rate
Default Notice
Drawdown
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Final Repayment Date
Financial Indebtedness
Financial Statements
Governing Law
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Loan Amount
Material Adverse Effect
Naira
Parties
Payment Date
Permitted Security Interest
Potential Event of Default
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Security Provider
Subsidiary
Tax
Transaction Documents
Undertaking
Unpaid Sum
Loan Facility
Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Prepayment
Security
Representations and Warranties
Covenants
Events of Default
Acceleration
Payment Mechanics
Set-off
Assignment and Transfer
Changes to Parties
Confidentiality
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Amendments and Waivers
Counterparts
Force Majeure
Anti-Money Laundering
Compliance with Laws
Tax
Costs and Expenses
Indemnities
Currency
Set-Off Rights
Further Assurance
Governing Law
Dispute Resolution
Entire Agreement
Banking & Financial Services
Real Estate & Construction
Manufacturing & Industrial
Oil & Gas
Agriculture & Agribusiness
Telecommunications
Retail & Commerce
Healthcare
Technology & Software
Transportation & Logistics
Mining & Natural Resources
Education
Hospitality & Tourism
Legal
Finance
Compliance
Risk Management
Treasury
Credit Administration
Corporate Banking
Operations
Company Secretariat
Due Diligence
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Banking Relationship Manager
Credit Risk Manager
Loan Officer
Compliance Officer
Treasury Manager
Financial Controller
Company Secretary
Risk Assessment Officer
Banking Operations Manager
Contract Administrator
Due Diligence Officer
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