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The Senior Loan Agreement is a fundamental document in corporate financing transactions under Danish law, typically used when a financial institution or a syndicate of lenders provides senior debt financing to corporate borrowers. This agreement establishes the primary terms and conditions of the lending relationship, including facility amount, interest rates, repayment schedule, security package, and various covenants and undertakings. It is particularly crucial in the Danish market where specific regulatory requirements must be met under the Financial Business Act and other relevant legislation. The document serves as the main agreement governing the rights and obligations of all parties involved in the financing arrangement, incorporating necessary provisions for compliance with Danish financial regulations and corporate lending requirements. The agreement's senior status typically means it has priority over other debt obligations of the borrower, making it a key document in any corporate financing structure.

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

2. Background: Context of the loan arrangement and commercial purpose

3. Definitions and Interpretation: Comprehensive list of defined terms and interpretation rules

4. The Facility: Details of the loan amount, purpose, and any tranching arrangements

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

6. Drawdown: Procedures and requirements for utilizing the loan

7. Interest: Interest rate, calculation methods, payment periods, and default interest

8. Repayment: Terms for repayment of principal, including scheduled amortization

9. Prepayment: Voluntary and mandatory prepayment provisions

10. Fees: All fees payable under the facility

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

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

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

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

15. Financial Covenants: Financial ratios and tests the borrower must maintain

16. General Undertakings: General positive and negative obligations of the borrower

17. Events of Default: Circumstances that trigger default and enforcement rights

18. Changes to Parties: Transfer and assignment provisions

19. Administration: Administrative provisions including payment mechanics and calculations

20. Notices: Communication procedures between parties

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

22. Execution: Signature blocks and execution formalities