This Loan Agreement template is designed for use in Indonesian jurisdiction credit facilities, incorporating compliance with Indonesian banking regulations, civil law requirements, and financial services authority (OJK) directives. The document is suitable for various lending scenarios, from bilateral corporate loans to syndicated facilities, and can be adapted for secured or unsecured lending arrangements. It includes provisions for mandatory use of Indonesian Rupiah for domestic transactions (unless exempted), appropriate security and enforcement mechanisms under Indonesian law, and necessary provisions for regulatory compliance. The agreement addresses both conventional and Sharia-compliant financing structures where applicable, and includes options for both corporate and individual borrowers.
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1. Parties: Identifies the lender and borrower with their complete legal names and addresses
2. Background: Sets out the context of the loan and the parties' intention to enter into the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Facility: Details of the loan amount, purpose, and type of facility
5. Conditions Precedent: Conditions that must be satisfied before the loan can be drawn
6. Drawdown: Procedures and requirements for borrowing under the facility
7. Interest: Interest rate, calculation method, and payment provisions
8. Repayment: Terms for repayment of the principal amount
9. Representations and Warranties: Statements of fact made by the borrower about its legal and financial status
10. Covenants: Ongoing obligations of the borrower during the loan term
11. Events of Default: Circumstances that allow the lender to terminate the facility and demand immediate repayment
12. Payments: Payment mechanics, currency, and business day conventions
13. Changes to Parties: Rules regarding assignment and transfer of rights and obligations
14. Notices: How formal communications between parties should be made
15. Governing Law and Jurisdiction: Confirms Indonesian law as governing law and specifies courts having jurisdiction
1. Security: Required if the loan is secured - details the security structure and enforcement rights
2. Guarantee: Required if there are guarantors - contains guarantee provisions and guarantor obligations
3. Financial Covenants: Required for corporate borrowers - specific financial ratios and tests to be maintained
4. Tax Provisions: Detailed tax provisions required for cross-border loans or complex tax structures
5. Increased Costs: Provisions dealing with regulatory changes affecting the lender's costs
6. Market Disruption: Provisions dealing with circumstances affecting the interest rate market
7. Multiple Lenders: Required for syndicated loans - includes agency and majority lender provisions
8. Currency Provisions: Required for multi-currency facilities or if loan is not in Indonesian Rupiah
1. Form of Drawdown Request: Standard form for the borrower to request a loan drawdown
2. Conditions Precedent Documents: List of required documents and conditions to be satisfied before drawdown
3. Repayment Schedule: If term loan, schedule of repayment dates and amounts
4. Form of Transfer Certificate: Standard form for transferring loan participations
5. Security Documents: Forms of security documents if loan is secured
6. Calculation of Interest Rate: Detailed methodology for calculating interest rate and break costs
7. Form of Compliance Certificate: Template for periodic compliance certification by borrower
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