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The Drawdown Loan Agreement is a fundamental financial instrument used when a borrower requires flexible access to funding over time, rather than a single lump sum disbursement. This document type is particularly relevant for business expansion, project financing, or working capital needs where funds are required in phases. The agreement, governed by Danish law, must comply with the Danish Contracts Act, Credit Agreements Act, and Financial Business Act, among other relevant legislation. It details the facility amount, drawdown procedures, interest calculations, repayment terms, security arrangements (if any), and both parties' rights and obligations. The document is typically used by financial institutions lending to corporate entities or, in some cases, individuals, and includes specific Danish law provisions regarding enforcement, interest calculation, and regulatory compliance.

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

2. Background: Context of the loan agreement and brief description of the parties' intentions

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

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

5. Drawdown Mechanics: Procedures and requirements for requesting and making drawdowns under the facility

6. Interest: Interest rate provisions, calculation methods, and payment dates

7. Repayment: Terms for repayment of the loan, including scheduled payments and final maturity

8. Prepayment: Provisions for voluntary and mandatory prepayment of the loan

9. Fees: Details of all fees payable under the facility

10. Tax Gross-up and Indemnities: Provisions dealing with tax implications and related indemnities

11. Representations and Warranties: Standard representations and warranties given by the borrower

12. Information Undertakings: Borrower's obligations to provide financial and other information

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

14. Events of Default: Circumstances constituting default and consequences

15. Changes to Parties: Provisions regarding assignment and transfer rights

16. Payment Mechanics: Administrative provisions regarding payments

17. Notices: Communication requirements and contact details

18. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction provisions