Forbearance Agreement Commercial Loan for the Netherlands

Forbearance Agreement Commercial Loan Template for Netherlands

A Dutch law-governed Forbearance Agreement for Commercial Loans is a formal legal document that temporarily modifies the terms of an existing commercial loan agreement when a borrower is experiencing or anticipating financial difficulties. The agreement, governed by Dutch civil law and financial regulations, provides temporary relief from specific loan obligations while establishing new conditions, monitoring requirements, and consequences of breach. It includes detailed provisions for modified payment terms, additional covenants, and enhanced reporting requirements, all within the framework of Dutch banking and insolvency laws.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Forbearance Agreement Commercial Loan?

The Forbearance Agreement Commercial Loan is a crucial document in Dutch commercial lending practice, typically employed when a borrower faces temporary financial challenges but shows potential for recovery. This agreement, governed by Dutch law and regulated under the Dutch Financial Supervision Act (Wft) and Civil Code, provides a structured framework for modifying existing loan terms without terminating the underlying credit relationship. It's commonly used in situations where a borrower may be at risk of default but demonstrates viable business prospects, allowing for temporary relief while implementing business improvement measures. The document includes detailed provisions for modified payment schedules, additional monitoring requirements, enhanced reporting obligations, and specific conditions that must be met to maintain the forbearance arrangement. It serves as a critical tool for both lenders and borrowers in managing distressed loan situations while complying with Dutch banking regulations and ensuring proper risk management.

What sections should be included in a Forbearance Agreement Commercial Loan?

1. Parties: Identification of the Lender and Borrower, and any other parties to the agreement

2. Background: Recitals describing the original loan agreement, current circumstances leading to the forbearance request, and purpose of this agreement

3. Definitions: Definitions of key terms used in the agreement, including references to the original loan agreement definitions

4. Acknowledgment of Debt: Confirmation of the outstanding amounts and acknowledgment of existing or potential defaults

5. Forbearance Terms: Specific details of the forbearance being granted, including duration and any modified payment terms

6. Conditions Precedent: Conditions that must be satisfied before the forbearance becomes effective

7. Borrower's Representations and Warranties: Updated representations and warranties regarding the borrower's current situation

8. Borrower's Covenants: Ongoing obligations of the borrower during the forbearance period

9. Events of Default: Circumstances that would terminate the forbearance arrangement

10. Reservation of Rights: Lender's preservation of rights under the original loan agreement

11. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction

What sections are optional to include in a Forbearance Agreement Commercial Loan?

1. Security Confirmation: Confirmation of existing security arrangements - include when there is existing security

2. Additional Security: Details of any new security being provided as part of the forbearance arrangement

3. Guarantor Provisions: Include when there are guarantors who need to confirm their continuing obligations

4. Fee Arrangements: Include when the lender is charging forbearance or restructuring fees

5. Financial Covenants: Modified or additional financial covenants - include when specific financial metrics need to be maintained

6. Information Undertakings: Enhanced reporting requirements - include when additional monitoring is required

7. Regulatory Compliance: Include when specific regulatory requirements need to be addressed

8. Tax Provisions: Include when there are specific tax implications of the forbearance arrangement

What schedules should be included in a Forbearance Agreement Commercial Loan?

1. Schedule 1 - Existing Facility Details: Details of the original loan agreement and current outstanding amounts

2. Schedule 2 - Modified Payment Schedule: New payment schedule during the forbearance period

3. Schedule 3 - Conditions Precedent Documents: List of documents and conditions required before effectiveness

4. Schedule 4 - Form of Compliance Certificate: Template for periodic compliance reporting

5. Schedule 5 - Security Details: List and details of all security arrangements

6. Appendix A - Form of Notice: Standard form for any notices required under the agreement

7. Appendix B - Additional Reporting Requirements: Details of any enhanced reporting obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Netherlands

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use

Find the exact document you need

Money Loan Contract

A Dutch law-governed agreement establishing terms and conditions for a monetary loan between lender and borrower, including loan amount, interest rates, and repayment terms.

Download

Master Securities Lending Agreement

Dutch law-governed master agreement for securities lending transactions, establishing framework for institutional securities lending with EU and Dutch regulatory compliance.

Download

Basic Loan Contract

A Dutch law-governed loan agreement establishing core terms and conditions for lending arrangements, suitable for both commercial and private use.

Download

Loan Restructuring Agreement

Dutch law-governed agreement modifying existing loan terms between lender and borrower, including revised payment schedules, security arrangements, and compliance requirements.

Download

Lending Form

A Dutch law-governed lending agreement establishing loan terms, conditions, and obligations between lender and borrower.

Download

Fixed Sum Loan Agreement Early Settlement

Dutch law-governed fixed-sum loan agreement with early settlement provisions, compliant with local and EU regulations.

Download

Acknowledgement Of Debt Agreement

A Dutch law-governed agreement formally documenting a debt obligation between parties, including repayment terms and conditions.

Download

Simple Intercompany Loan Agreement

Dutch law-governed loan agreement between related companies within the same corporate group, establishing basic terms for intra-group financing.

Download

Facility Loan Agreement

A Dutch law-governed agreement establishing terms and conditions for providing credit facilities between lender(s) and borrower(s), including facility terms, covenants, and regulatory compliance requirements.

Download

Standard Loan Contract

A Dutch law-governed agreement establishing terms and conditions for a loan between lender and borrower, including loan amount, interest, repayment terms, and security arrangements.

Download

Inter Corporate Loan Agreement

Dutch law-governed agreement establishing terms for corporate-to-corporate lending, including loan terms, security, and regulatory compliance.

Download

Subordinated Loan Agreement

A Dutch law agreement documenting a subordinated loan facility, establishing junior ranking debt terms and regulatory compliance requirements.

Download

Employee Laptop Agreement

Dutch law-compliant agreement governing the provision and use of company laptops by employees, including usage terms, security requirements, and return conditions.

Download

Peer To Peer Lending Contract

Dutch law-governed agreement for peer-to-peer lending arrangements, establishing loan terms and regulatory compliance requirements.

Download

Debt Agreement Contract

A Dutch law-governed agreement establishing terms and conditions for a lending relationship, including loan amount, interest, repayment terms, and security arrangements.

Download

Personal Loan Between Friends Contract

A Dutch law-governed agreement formalizing a monetary loan between individuals with a personal relationship, establishing loan terms and repayment conditions.

Download

Contract For Land Purchase

A Dutch law-governed agreement for the purchase and transfer of land ownership, requiring notarial execution and Land Registry registration.

Download

IT Equipment Loan Form

A Dutch law-compliant form governing the temporary loan of IT equipment, establishing terms and conditions between lender and borrower.

Download

Loan Novation Agreement

A Dutch law-governed agreement that transfers loan obligations from one lender to another through novation, creating a new lending relationship while terminating the original one.

Download

Investment Loan Contract

Dutch law-governed agreement establishing terms and conditions for an investment loan, including loan details, security arrangements, and regulatory compliance requirements.

Download

Facility Agreement

A Dutch law-governed financing document establishing terms and conditions for lending facilities, including drawdown mechanics, repayment terms, and security arrangements.

Download

Employee Laptop Loan Agreement

Dutch law-governed agreement for the loan of laptop equipment from employer to employee, establishing usage terms and responsibilities.

Download

Employee Forgivable Loan Agreement

Dutch law-governed agreement establishing terms for an employer-provided loan to an employee that can be forgiven based on specified employment conditions.

Download

Employee Cash Advance Agreement

A Dutch law-governed agreement establishing terms for providing and repaying employee cash advances through salary deductions.

Download

Device Loan Agreement

Dutch law-governed agreement for temporary device loans, establishing terms for device usage, maintenance, and return conditions.

Download

Loan Repayment Agreement Letter

A Dutch law-compliant document establishing formal terms and conditions for loan repayment between lender and borrower.

Download

Loan Agreement Between Director And Company

A Dutch law-governed agreement establishing loan terms between a company and its director, including financial terms and compliance requirements.

Download

Mortgage Loan Contract

Dutch law-governed agreement establishing mortgage loan terms and property security rights between a lender and borrower.

Download

International Loan Agreement

Dutch law-governed agreement establishing terms for international loan transactions, incorporating both Dutch legal requirements and international banking practices.

Download

Inter Corporate Deposit Agreement

Dutch law agreement governing corporate deposits between companies, setting out terms for deposit amount, interest, and repayment.

Download

Fixed Sum Loan Agreement

A Dutch law-governed agreement establishing terms and conditions for a fixed sum loan, including loan amount, interest, repayment schedule, and party obligations.

Download

Deed Of Assignment Mortgage

A Dutch law notarial deed that transfers mortgage rights from one party to another, requiring registration in the Dutch public registers.

Download

Deed Of Absolute Sale With Assumption Of Mortgage

A Dutch notarial deed that enables property sale and mortgage obligation transfer from seller to buyer, executed under Netherlands law.

Download

Securities Lending Agreement

Dutch law-governed agreement establishing the framework for securities lending transactions between financial institutions, incorporating relevant Dutch and EU regulatory requirements.

Download

Loan Conversion Agreement

A Dutch law-governed agreement setting out terms for converting a loan into equity or other obligations, typically used in corporate financing and investment scenarios.

Download

Lending Contract

Dutch law-governed lending agreement establishing terms for loan provision, including loan amount, interest, repayment, and security arrangements.

Download

Lending Agreement

A Dutch law-governed agreement establishing terms and conditions for providing and repaying a loan, including interest rates and party obligations.

Download

Finance Agreement

Dutch law-governed agreement setting out terms and conditions for provision of financial facilities between lender and borrower, incorporating key Dutch banking and financial regulations.

Download

Forbearance Agreement Commercial Loan

Dutch law-governed agreement providing temporary modification of commercial loan terms when borrower faces financial difficulties.

Download

Education Loan Agreement

Dutch law-governed agreement establishing terms for educational financing between a lender and student borrower.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now