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1. Parties: Identification of the lender and borrower(s), including full legal names and addresses
2. Background: Recitals detailing the original loan agreement, current default status, and parties' intention to reinstate the loan
3. Definitions: Key terms used throughout the agreement, including reference to original loan agreement definitions
4. Acknowledgment of Debt: Confirmation of the current outstanding amount, including any arrears or default interest
5. Reinstatement Terms: Specific conditions for reinstating the loan, including any immediate payments required
6. Payment Terms: Updated payment schedule, amounts, and methods of payment
7. Borrower's Representations: Borrower's confirmations regarding their ability to meet the reinstated obligations
8. Effect on Original Agreement: Clarification that other terms of the original loan agreement remain in force
9. Default Provisions: Consequences of failing to comply with the reinstatement terms
10. Execution: Signature blocks and execution requirements
1. Security Confirmation: Required when the original loan is secured, confirming existing security arrangements remain in place
2. Guarantor Provisions: Include when the original loan has guarantors who need to consent to the reinstatement
3. Additional Security: Required when new security is being provided as part of the reinstatement
4. Insurance Requirements: Include when specific insurance obligations are part of the reinstatement conditions
5. Financial Covenants: Include when imposing specific financial requirements or ratios on the borrower
6. Reporting Requirements: Include when the borrower must provide regular financial or other reports
7. Debt Management Plan: Include when a specific plan for managing the debt is part of the reinstatement
8. Early Repayment Provisions: Include when special terms for early repayment are being offered
1. Schedule 1 - Original Loan Details: Summary of the original loan agreement terms and amendments
2. Schedule 2 - Current Loan Status: Detailed breakdown of current debt, including principal, interest, and any fees
3. Schedule 3 - Payment Schedule: Detailed payment schedule showing dates, amounts, and allocation between principal and interest
4. Schedule 4 - Security Details: List and description of all security held or to be taken
5. Appendix A - Compliance Certificate: Template for any ongoing compliance certification required
6. Appendix B - Direct Debit Authority: New direct debit authorization form if payment method is changing
Banking
Financial Services
Real Estate
Agriculture
Commercial Property
Construction
Manufacturing
Retail
Professional Services
Small Business
Legal
Credit
Collections
Risk Management
Compliance
Commercial Banking
Retail Banking
Operations
Customer Service
Document Management
Financial Control
Credit Manager
Loan Officer
Collections Manager
Risk Manager
Legal Counsel
Compliance Officer
Financial Advisor
Relationship Manager
Credit Analyst
Debt Recovery Specialist
Branch Manager
Commercial Banking Manager
Chief Credit Officer
Mortgage Specialist
Account Manager
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