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The Loan Extension Agreement is a crucial document used when parties to an existing loan agreement wish to extend its term beyond the original maturity date. This document type is commonly used in Swiss banking and financial transactions, whether for corporate or individual borrowers, and must comply with Swiss law, particularly the Code of Obligations and banking regulations. The agreement typically maintains the fundamental structure of the original loan while updating key terms such as the maturity date, and may include modifications to interest rates, payment schedules, or security arrangements. It's particularly relevant in situations where the borrower requires additional time for repayment but has otherwise maintained good standing under the original loan terms. The document needs to be carefully drafted to ensure it properly references and integrates with the original loan agreement while clearly stating which terms are being modified and which remain unchanged.

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

2. Background: Reference to the original loan agreement, its date, principal amount, and current maturity date, explaining the parties' intention to extend the loan

3. Definitions: Key terms used in the agreement, including references to defined terms in the original loan agreement

4. Extension of Loan: Clear statement of the new maturity date and any conditions attached to the extension

5. Continuing Effect of Original Agreement: Confirmation that all other terms of the original loan agreement remain in full force and effect

6. Representations and Warranties: Updated confirmations from the borrower regarding their financial condition and ability to repay

7. Conditions Precedent: Requirements that must be satisfied before the extension becomes effective

8. Fees and Costs: Any fees payable for the extension and responsibility for legal and administrative costs

9. Governing Law and Jurisdiction: Confirmation of Swiss law as governing law and jurisdiction for disputes

10. Execution: Signature blocks and execution requirements