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The Finance Agreement template is designed for use in Austrian financial transactions, providing a comprehensive framework for lending arrangements under Austrian law. It is typically used when establishing new credit facilities, term loans, or revolving credit arrangements between financial institutions and corporate or individual borrowers. The document incorporates all essential elements required by Austrian banking regulations (BWG), civil code (ABGB), and financial services laws, including mandatory provisions for interest calculation, security arrangements, and borrower protections. This template is particularly relevant for both domestic Austrian transactions and cross-border financing where Austrian law is chosen as the governing law. The agreement includes detailed sections on drawdown mechanics, repayment terms, representations and warranties, and events of default, all tailored to comply with Austrian legal requirements and market practice.

1. Parties: Identification of the lender(s) and borrower(s) with full legal names and addresses

2. Background: Context of the financing arrangement and purpose of the loan

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. The Facility: Details of the loan facility including amount, purpose, and availability period

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

6. Drawdown: Procedures and requirements for drawing down the loan

7. Interest: Interest rate, calculation methods, and payment dates

8. Repayment: Terms and schedule for repayment of the loan

9. Prepayment: Conditions and procedures for early repayment

10. Representations and Warranties: Statements of fact and assurances given by the borrower

11. Covenants: Ongoing obligations of the borrower during the loan period

12. Events of Default: Circumstances that constitute default and consequences

13. Changes to Parties: Rules for assignment and transfer of rights and obligations

14. Payment Mechanics: Details of payment procedures and accounts

15. Costs and Expenses: Allocation of costs and expenses related to the facility

16. Notices: Communication procedures between parties

17. Governing Law and Jurisdiction: Confirmation of Austrian law governance and jurisdiction