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The Rollover Loan Agreement is a specialized financing document used in the UAE banking sector when a lender provides a facility that can be repeatedly renewed without the need for a new agreement. It is particularly suited for businesses requiring ongoing financing with flexible interest periods and rate resets. The document must comply with UAE Federal Law No. 14 of 2018, Central Bank regulations, and where applicable, UAE Civil Transactions Law. It contains comprehensive provisions covering facility terms, interest calculations (typically EIBOR-based), security arrangements, and enforcement mechanisms. This type of agreement is commonly used in corporate lending, project finance, and general commercial banking in the UAE, offering flexibility while maintaining regulatory compliance.

1. Parties: Identification of Lender and Borrower with full legal names and addresses

2. Background: Context of the loan arrangement and relationship between parties

3. Definitions and Interpretation: Definitions of key terms including 'Rollover Date', 'Interest Period', 'EIBOR', etc. and interpretation rules

4. The Facility: Details of the loan amount, purpose, and rollover mechanics

5. Interest: Interest calculation methodology, periods, and payment provisions

6. Rollover Provisions: Specific terms governing the rollover mechanism, notice requirements, and conditions for rollover

7. Repayment: Terms of repayment including scheduled payments and final maturity

8. Conditions Precedent: Conditions that must be satisfied before drawdown

9. Representations and Warranties: Standard and specific representations made by the Borrower

10. Covenants: Positive and negative undertakings by the Borrower

11. Events of Default: Circumstances constituting default and consequences

12. Changes to Parties: Assignment and transfer provisions

13. Administration: Mechanical provisions regarding payments, calculations, and notices

14. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions