tiktok���˰�

The Loan Market Agreement governed by German law serves as the primary documentation for commercial lending transactions in Germany and cross-border financing involving German parties or assets. This document type is essential for structuring medium to large-scale financing arrangements, particularly when dealing with corporate borrowers, multiple lenders, or syndicated facilities. The agreement incorporates mandatory provisions under German law, including specific requirements from the German Civil Code (BGB) and Banking Act (KWG), while maintaining alignment with international loan market practices. It's designed to facilitate both bilateral and syndicated lending, with provisions for potential secondary market trading and restructuring. The document includes detailed sections on facility terms, security arrangements, representations, covenants, and enforcement mechanisms, all tailored to comply with German legal and regulatory requirements.

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

2. Background: Context of the loan agreement and brief description of the transaction

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

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

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

6. Drawdown: Procedures and requirements for utilizing the loan

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

8. Prepayment and Cancellation: Provisions for voluntary and mandatory prepayment

9. Interest: Interest rate, calculation periods, and payment provisions

10. Fees: All fees payable under the facility

11. Tax Gross Up and Indemnities: Tax-related provisions and indemnification obligations

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

13. Payments: Payment mechanics, timing, and currency provisions

14. Representations: Borrower's representations and warranties

15. Information Undertakings: Borrower's obligations to provide information

16. Financial Covenants: Financial ratios and tests to be maintained

17. General Undertakings: General positive and negative covenants

18. Events of Default: Circumstances constituting default and consequences

19. Changes to Parties: Transfer and assignment provisions

20. Administration: Administrative provisions and notices

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