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The Bridge Loan Agreement is a vital financing instrument used when temporary funding is needed to 'bridge' a gap between immediate capital requirements and longer-term financing arrangements. This document, governed by Irish law, is commonly utilized in time-sensitive situations such as property acquisitions, corporate restructurings, or pending refinancing arrangements. The agreement must comply with Irish financial regulations, including the Consumer Credit Act 1995 and relevant EU directives, while incorporating necessary protections for all parties. Bridge Loan Agreements typically include detailed provisions on loan facilities, drawdown mechanisms, interest calculations, repayment terms, security arrangements, and events of default. They are particularly important in the Irish market where rapid completion of transactions may be required, especially in real estate and corporate acquisitions.

1. Parties: Identifies the lender(s) and borrower(s) and their registered addresses

2. Background: Sets out the context of the bridge loan, including its purpose and any relevant transaction background

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles

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

5. Conditions Precedent: Lists the conditions that must be satisfied before the loan can be drawn

6. Drawdown: Specifies the drawdown mechanics and notice requirements

7. Interest: Sets out interest rate, calculation methods, and payment dates

8. Repayment and Prepayment: Details when and how the loan must be repaid, including any voluntary prepayment provisions

9. Exit Strategy: Specifies the intended source of repayment and timeline

10. Representations and Warranties: Contains standard and transaction-specific representations by the borrower

11. Undertakings: Sets out positive and negative covenants of the borrower

12. Events of Default: Lists circumstances that would trigger default and acceleration

13. Changes to Parties: Addresses assignment and transfer provisions

14. Notices: Specifies how formal communications between parties should be made

15. Calculations and Certificates: Establishes principles for calculations and determinations

16. Miscellaneous: Contains boilerplate provisions including severability and amendments

17. Governing Law and Jurisdiction: Specifies Irish law as governing law and jurisdiction for disputes