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The Loan Facility Agreement under Austrian law serves as the primary documentation for credit facilities provided by financial institutions or lenders to borrowers in Austria. This agreement is essential when establishing medium to long-term financing arrangements, whether for general corporate purposes, specific projects, or acquisitions. The document must comply with Austrian banking regulations (particularly the Banking Act - BWG), civil law requirements (ABGB), and relevant EU directives. It details all aspects of the lending relationship, including facility amount, interest calculations, repayment terms, security requirements, and enforcement mechanisms. The agreement is particularly important for documenting compliance with Austrian regulatory requirements, including mandatory provisions related to interest calculations, consumer protection (where applicable), and security arrangements. The document structure reflects Austrian market practice while incorporating international banking standards where compatible with local law.

1. Parties: Identification of the lender(s), borrower(s), and any guarantors or other parties

2. Background: Context of the loan facility and purpose of the agreement

3. Definitions and Interpretation: Definitions of terms used throughout the agreement and rules of interpretation

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 utilizing the facility

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

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

9. Prepayment: Provisions for voluntary and mandatory prepayment

10. Tax Gross Up and Indemnities: Tax-related provisions and associated indemnities

11. Increased Costs: Provisions for dealing with changes in costs due to regulatory changes

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

13. Information Undertakings: Obligations to provide financial and other information

14. General Undertakings: General covenants and obligations of the borrower

15. Events of Default: Circumstances constituting default and consequences

16. Changes to Parties: Provisions for transfer, assignment, and delegation

17. Payment Mechanics: Administrative provisions for making payments

18. Set-off: Rights of set-off and their exercise

19. Notices: Communication procedures between parties

20. Calculations and Certificates: Provisions regarding calculations and evidential value of certificates

21. Governing Law and Jurisdiction: Choice of Austrian law and jurisdiction provisions

22. Enforcement: Enforcement procedures and remedies