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Business Loan Agreement Template for Austria

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Key Requirements PROMPT example:

Business Loan Agreement

"I need a Business Loan Agreement for a 鈧2.5 million loan to my manufacturing company, with quarterly repayments over 5 years starting March 2025, including specific covenants for maintaining a minimum working capital ratio and provisions for equipment collateral."

Document background
The Business Loan Agreement is a crucial document used when a business entity seeks to obtain financing from a lender in Austria. This agreement is essential for documenting commercial lending transactions and must comply with Austrian legal requirements, including the ABGB, UGB, and Banking Act (BWG). It is typically used for various business purposes such as working capital, expansion, equipment purchase, or property acquisition. The document comprehensively covers loan terms, security arrangements, representations and warranties, covenants, and default provisions. It requires careful consideration of Austrian interest rate regulations, security requirements, and banking compliance matters. This agreement is particularly important as it serves both as a legally binding contract and a reference document throughout the loan's lifecycle, protecting both lender and borrower interests under Austrian jurisdiction.
Suggested Sections

1. Parties: Identification of the lender and borrower with full legal names, registration details, and addresses

2. Background: Context of the loan agreement, including purpose of the loan and any relevant business relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of funds

5. Interest Rate and Calculations: Details of interest rate, calculation method, and payment periods

6. Repayment Terms: Schedule of repayments, including principal and interest payment dates

7. Conditions Precedent: Conditions that must be satisfied before the loan is disbursed

8. Representations and Warranties: Statements of fact by the borrower about their legal and financial status

9. Borrower's Covenants: Ongoing obligations of the borrower during the loan term

10. Events of Default: Circumstances that constitute default and their consequences

11. Security: Basic security provisions and cross-reference to security documents

12. Fees and Expenses: All fees payable and allocation of costs

13. Notices: Communication methods and contact details for official notices

14. Governing Law and Jurisdiction: Confirmation of Austrian law and jurisdiction

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Multiple Disbursement Provisions: Required when the loan is to be drawn down in multiple tranches

2. Guarantees: Include when there are third-party guarantors for the loan

3. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required

4. Financial Covenants: Include for larger loans requiring specific financial ratio maintenance

5. Security Trustee Provisions: Required when there are multiple lenders or syndicated arrangements

6. Tax Provisions: Detailed tax provisions when cross-border elements exist

7. Assignment and Transfer: Include when either party may need to transfer rights or obligations

8. Force Majeure: Include when specific events beyond parties' control should be addressed

9. Remediation Plan: Include when specific steps for handling potential breaches should be pre-agreed

Suggested Schedules

1. Repayment Schedule: Detailed amortization table showing all payment dates and amounts

2. Conditions Precedent Documents: List of all required documents and conditions to be satisfied before disbursement

3. Security Documents: Forms of security documents or lists of security arrangements

4. Drawdown Notice: Form of notice for requesting loan disbursement

5. Financial Covenant Calculations: Formulas and methods for calculating financial covenants

6. Permitted Security Interests: List of existing or permitted security interests

7. Required Insurance: Details of required insurance coverage and terms

8. Fee Schedule: Detailed breakdown of all applicable fees and charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
































Relevant Industries

Banking & Financial Services

Manufacturing

Retail

Technology

Real Estate

Construction

Healthcare

Hospitality

Transportation & Logistics

Professional Services

Agriculture

Energy

Telecommunications

Media & Entertainment

Education

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Banking

Credit Administration

Executive Leadership

Business Development

Corporate Secretariat

Relevant Roles

Chief Financial Officer

Finance Director

Corporate Lawyer

Legal Counsel

Credit Manager

Risk Manager

Business Development Manager

Treasury Manager

Financial Controller

Compliance Officer

Managing Director

Chief Executive Officer

Banking Relationship Manager

Loan Officer

Corporate Banking Manager

Financial Analyst

Business Owner

Company Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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