Loan Agreement With Guarantor for New Zealand
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Loan Agreement With Guarantor
"I need a Loan Agreement with Guarantor for a NZD 500,000 business loan to my technology startup, with two company directors acting as personal guarantors, to be drawn down by March 2025 with a 5-year term."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identifies and defines all parties to the agreement: the Lender, Borrower, and Guarantor
2. Background: Sets out the context of the loan and the purpose for which it is being made
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. The Loan: Details the loan amount, purpose, and conditions precedent to drawdown
5. Interest: Specifies the interest rate, calculation method, and payment terms
6. Repayment: Sets out the repayment schedule, method of payment, and early repayment provisions
7. Guarantee and Indemnity: Details the guarantor's obligations, extent of guarantee, and indemnification provisions
8. Representations and Warranties: Lists the representations and warranties given by both the borrower and guarantor
9. Borrower Covenants: Specifies the ongoing obligations and restrictions on the borrower
10. Events of Default: Lists circumstances that constitute default and their consequences
11. Enforcement: Details the lender's rights and remedies upon default
12. Costs and Indemnities: Allocates responsibility for costs and provides for indemnification
13. General Provisions: Contains standard boilerplate clauses including notices, amendments, and governing law
1. Security: Include when the loan is secured against specific assets
2. Insurance: Include when specific insurance requirements are imposed on the borrower
3. Special Conditions: Include when there are unique terms specific to the particular loan arrangement
4. Independent Legal Advice: Include when there's a requirement for the guarantor to obtain independent legal advice
5. Priority and Subordination: Include when there are multiple lenders or security interests involved
6. Guarantee Limitations: Include when the guarantee is limited in amount or scope
7. Financial Covenants: Include for business loans requiring specific financial metrics to be maintained
1. Schedule 1 - Loan Terms: Details of loan amount, interest rate, term, and repayment schedule
2. Schedule 2 - Conditions Precedent: List of conditions that must be satisfied before loan drawdown
3. Schedule 3 - Repayment Schedule: Detailed breakdown of repayment dates and amounts
4. Schedule 4 - Security Details: Description of any security provided for the loan
5. Schedule 5 - Guarantor Acknowledgment: Specific acknowledgments and confirmations by the guarantor
6. Appendix A - Form of Drawdown Notice: Template for requesting loan disbursement
7. Appendix B - Certificate of Independent Legal Advice: Template for legal advisor's certification of advice to guarantor
Authors
Agreement
Applicable Law
Authorized Representative
Business Day
Borrower
Borrower's Obligations
Conditions Precedent
Default
Default Interest
Default Interest Rate
Drawdown
Drawdown Date
Drawdown Notice
Enforcement Event
Event of Default
Facility
Final Repayment Date
Financial Indebtedness
Financial Records
Financial Statements
Guarantee
Guarantee and Indemnity
Guaranteed Money
Guaranteed Obligations
Guarantor
Independent Legal Advice
Initial Drawdown
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Loan Amount
Material Adverse Effect
Outstanding Amount
Parties
Payment Date
Permitted Purpose
Principal
Relevant Documents
Repayment Date
Repayment Schedule
Security
Security Interest
Secured Property
Settlement Date
Tax
Term
Working Day
Definitions
Loan Facility
Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Prepayment
Guarantee and Indemnity
Security
Representations and Warranties
Covenants
Events of Default
Consequences of Default
Independent Legal Advice
Powers of Attorney
Set-off
Assignment
Confidentiality
Privacy
Anti-Money Laundering
Force Majeure
Notices
Costs and Expenses
Indemnification
Amendment
Severability
Waiver
Entire Agreement
Counterparts
Electronic Execution
Governing Law
Jurisdiction
Dispute Resolution
Banking & Financial Services
Real Estate
Small Business
Corporate
Retail
Agriculture
Manufacturing
Technology
Construction
Professional Services
Healthcare
Education
Hospitality
Legal
Finance
Credit
Risk Management
Compliance
Commercial Banking
Corporate Banking
Retail Banking
Collections
Business Development
Account Management
Operations
Chief Financial Officer
Finance Manager
Credit Manager
Risk Manager
Legal Counsel
Compliance Officer
Loan Officer
Commercial Banking Manager
Credit Analyst
Financial Controller
Business Development Manager
Account Manager
Corporate Lawyer
Banking Lawyer
Relationship Manager
Underwriter
Collections Manager
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