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Loan Contract With Collateral
I need a Loan Contract With Collateral under Danish law for a 鈧5 million commercial loan to a manufacturing company, secured by both equipment and inventory, with multiple lenders and quarterly repayment schedule starting March 2025.
1. Parties: Identification of the lender and borrower with full legal names, registration numbers, and addresses
2. Background: Context of the loan agreement and purpose of the facility
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Principal terms of the loan including amount, purpose, and drawdown conditions
5. Interest and Fees: Interest rate, calculation method, payment dates, and applicable fees
6. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics
7. Security and Collateral: Description of collateral, creation of security interest, and perfection requirements
8. Representations and Warranties: Standard representations by the borrower regarding legal capacity, collateral ownership, etc.
9. Covenants: Ongoing obligations of the borrower including maintenance of collateral and financial covenants
10. Events of Default: Circumstances constituting default and consequences thereof
11. Enforcement Rights: Lender's rights regarding the collateral upon default
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Multiple Lenders: Required when there is more than one lender, including provisions for sharing of security and decision-making
2. Insurance Requirements: Detailed insurance obligations when specific insurance coverage of collateral is required
3. Guarantee Provisions: When the loan is supported by personal or corporate guarantees in addition to collateral
4. Currency Provisions: Required for loans in currencies other than Danish Krone, including exchange rate mechanisms
5. Tax Provisions: Detailed tax provisions when complex tax implications exist or for cross-border situations
6. Assignment and Transfer: Detailed provisions for transferability of the loan and security interests when relevant
7. Priority and Subordination: Required when there are multiple security interests or creditors
8. Special Collateral Provisions: Specific provisions for unique types of collateral (e.g., intellectual property, vehicles)
1. Schedule 1 - Loan Terms: Detailed financial terms including precise interest calculations, payment dates, and amounts
2. Schedule 2 - Collateral Description: Detailed description and documentation of all collateral assets
3. Schedule 3 - Conditions Precedent: List of documents and conditions required before loan drawdown
4. Schedule 4 - Form of Drawdown Notice: Template for borrower to request loan disbursement
5. Schedule 5 - Security Documents: Forms of security agreements, registrations, and perfection documents
6. Schedule 6 - Payment Schedule: Detailed amortization schedule if applicable
7. Appendix A - Valuation Reports: Independent valuation reports for the collateral
8. Appendix B - Insurance Certificates: Copies of required insurance policies covering the collateral
Authors
Banking and Financial Services
Real Estate
Manufacturing
Retail
Agriculture
Technology
Transportation
Construction
Energy
Healthcare
Professional Services
Hospitality
Education
Non-profit Organizations
Maritime
Legal
Finance
Credit
Risk Management
Compliance
Treasury
Corporate Banking
Documentation
Collateral Management
Operations
Security Administration
Business Development
Account Management
Chief Financial Officer
Finance Director
Legal Counsel
Credit Manager
Risk Manager
Loan Officer
Compliance Officer
Security Trustee
Corporate Treasurer
Financial Controller
Banking Relationship Manager
Credit Analyst
Legal Director
Collateral Manager
Documentation Specialist
Corporate Secretary
Business Development Manager
Account Manager
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