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The Loan Facility Agreement is a fundamental financing document used when a lender provides credit facilities to a borrower under Belgian law. It is particularly relevant for corporate financing, project finance, real estate transactions, and general commercial lending. The agreement comprehensively details the lending relationship, including facility terms, drawdown mechanics, repayment obligations, and security arrangements. Being governed by Belgian law, it must comply with specific Belgian banking regulations, financial services laws, and civil code requirements. The document typically includes provisions for multiple drawdowns, specific conditions precedent, detailed covenants, and enforcement mechanisms. This type of agreement is essential for both bilateral and syndicated lending arrangements and can be adapted for various facility types, including term loans, revolving facilities, and multi-currency options.

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

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

3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and interpretation rules

4. The Facility: Core terms including facility amount, purpose, and availability period

5. Conditions Precedent: Documents and conditions required before drawdown

6. Drawdown: Procedures and requirements for utilizing the facility

7. Interest: Interest calculation, periods, and payment provisions

8. Repayment: Terms for repayment of the facility

9. Prepayment: Voluntary and mandatory prepayment provisions

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

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

12. Representations and Warranties: Borrower's representations and warranties

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

14. General Undertakings: Borrower's general operational and financial covenants

15. Events of Default: Circumstances constituting default and consequences

16. Changes to Parties: Transfer and assignment provisions

17. Administration: Payment mechanics and administrative provisions

18. Notices: Communication procedures between parties

19. Calculations and Certificates: Basis for calculations and evidence

20. Governing Law and Enforcement: Choice of Belgian law and jurisdiction provisions