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1. Parties: Identification of the Lender and Borrower with full legal names and addresses
2. Background: Recitals describing the original loan agreement, reason for extension, and current status of the loan
3. Definitions: Key terms used in the agreement, including references to defined terms from original loan agreement
4. Extension of Loan Term: Clear statement of the new maturity date and terms of the extension
5. Repayment Terms: Modified repayment schedule, including payment amounts, dates, and method of payment
6. Interest Rate: Specification of applicable interest rate during extended period, ensuring compliance with UAE banking regulations
7. Conditions Precedent: Conditions that must be satisfied before the extension becomes effective
8. Representations and Warranties: Updated confirmations from the Borrower about their financial status and ability to repay
9. Security Continuation: Confirmation that existing security remains in force for extended period
10. Costs and Expenses: Allocation of costs related to the extension agreement
11. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction for disputes
1. Additional Security: Include if new security is being provided for the extended loan period
2. Guarantor Confirmation: Required if the original loan has guarantors who need to confirm their continued support
3. Islamic Finance Provisions: Include if the loan needs to maintain Sharia compliance
4. Fee Structure: Include if there are new or modified fees associated with the extension
5. Enhanced Reporting Requirements: Include if additional reporting requirements are being imposed as part of the extension
6. Default Interest: Include if specific default interest rates apply during the extension period
7. Cross-Default Provisions: Include if there are other facilities that need to be linked to this extension
1. Schedule 1 - Original Loan Agreement: Copy or summary of the original loan agreement being extended
2. Schedule 2 - New Repayment Schedule: Detailed schedule of payments during the extended term
3. Schedule 3 - Conditions Precedent Documents: List of documents required to be delivered before extension becomes effective
4. Schedule 4 - Form of Extension Notice: Template for formal notification of extension activation
5. Schedule 5 - Security Documents: List and copies of continuing security documents
6. Appendix A - Calculation of Interest: Detailed breakdown of interest calculation methodology for extended period
Banking & Financial Services
Islamic Banking
Corporate Lending
Real Estate & Construction
Commercial Trading
Manufacturing & Industrial
Retail & Consumer Services
Healthcare
Education
Hospitality & Tourism
Technology & Communications
Energy & Utilities
Legal
Finance
Treasury
Compliance
Credit Risk
Corporate Banking
Islamic Banking
Loan Operations
Risk Management
Corporate Advisory
Documentation
Regulatory Affairs
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Compliance Officer
Credit Risk Manager
Relationship Manager
Loan Officer
Islamic Banking Specialist
Corporate Banking Manager
Financial Controller
Senior Credit Analyst
Banking Operations Manager
Debt Restructuring Specialist
Legal Director
Company Secretary
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