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Loan Amendment Agreement Template for Indonesia

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Key Requirements PROMPT example:

Loan Amendment Agreement

"I need a Loan Amendment Agreement under Indonesian law to extend the maturity date of our existing USD 5 million facility to March 15, 2025, and increase the interest rate by 0.5%, with the original security package to remain in place."

Document background
A Loan Amendment Agreement is essential when parties to an existing loan facility need to modify their original agreement terms. This document type is commonly used in Indonesia when circumstances require changes to loan conditions, such as during debt restructuring, extension of facility terms, or modification of financial covenants. The agreement must comply with Indonesian banking regulations, particularly OJK requirements and Bank Indonesia rules for foreign currency loans. The document typically includes details of the original loan agreement, specific amendments being made, and confirmations that other terms remain unchanged. It's crucial for maintaining legal certainty while adapting loan terms to changing business needs or economic conditions. The agreement may require regulatory notifications or approvals, especially for significant amendments to loans involving banks or financial institutions regulated by Indonesian authorities.
Suggested Sections

1. Parties: Identification of the lender(s) and borrower(s), including their complete legal names, addresses, and company registration numbers

2. Background: Recitals explaining the original loan agreement details, reason for amendment, and confirmation of parties' agreement to amend

3. Definitions: Definitions of terms used in the amendment agreement, including reference to definitions in the original agreement

4. Interpretation: Rules for interpreting the amendment agreement and its relationship with the original agreement

5. Amendments: Specific modifications to the original agreement, clearly stating old and new provisions

6. Continuing Effect: Confirmation that all other terms of the original agreement remain unchanged and in full force

7. Representations and Warranties: Updated confirmations from parties regarding their capacity and authority to enter into the amendment

8. Conditions Precedent: Requirements to be satisfied before the amendments become effective

9. Costs and Expenses: Allocation of costs related to the preparation and execution of the amendment

10. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes

11. Execution: Signature blocks and execution requirements under Indonesian law

Optional Sections

1. Security Confirmation: Required when existing security documents need to be confirmed or amended

2. Change of Parties: Include when there are changes to lenders or borrowers, including transfer provisions

3. Additional Covenants: New undertakings or modifications to existing covenants

4. Consent and Waiver: Required when certain requirements or defaults need to be waived

5. Tax Provisions: Include when tax implications of the amendment need to be addressed

6. Currency Provisions: Required when dealing with foreign currency loans or currency conversion issues

7. Electronic Execution: Include when agreement will be executed electronically under Indonesian Electronic Information and Transaction Law

Suggested Schedules

1. Schedule 1 - Amended Loan Terms: Detailed list of specific terms being amended, showing original and new versions

2. Schedule 2 - Conditions Precedent Documents: List of required documents and conditions to be satisfied

3. Schedule 3 - Form of Effective Date Notice: Template notice confirming when amendments become effective

4. Schedule 4 - Corporate Authorizations: Copies of relevant corporate approvals and authorizations

5. Appendix A - Original Loan Agreement: Copy of the original loan agreement being amended

6. Appendix B - Security Confirmation Documents: If applicable, documents confirming continued validity of security

7. Appendix C - Regulatory Approvals: Copies of any required regulatory approvals for the amendment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses

































Relevant Industries

Banking

Financial Services

Real Estate

Infrastructure

Manufacturing

Mining

Agriculture

Technology

Telecommunications

Energy

Construction

Retail

Healthcare

Transportation

Hospitality

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Secretariat

Credit Administration

Banking Operations

Corporate Finance

Executive Management

Board of Directors

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Secretary

Compliance Officer

Risk Manager

Banking Relationship Manager

Credit Officer

Loan Officer

Corporate Finance Manager

Financial Controller

Head of Legal

Managing Director

Board Director

Company Secretary

Senior Finance Manager

Banking Operations Manager

Industries







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