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The Warehouse Loan Agreement is a specialized financing document used when a lender provides funding against inventory or goods stored in a warehouse. This type of agreement is particularly common in trade finance, manufacturing, and commodity trading sectors where companies require working capital against their stored inventory. The document, governed by New Zealand law, combines elements of traditional lending with specific security and operational provisions related to warehouse storage. It includes comprehensive terms covering the loan facility, security arrangements, monitoring requirements, and operational procedures for managing the warehoused collateral. The agreement must comply with New Zealand's Personal Property Securities Act 1999, Contract and Commercial Law Act 2017, and other relevant financial regulations. This type of financing is particularly useful for businesses with significant inventory holdings or seasonal working capital needs.

1. Parties: Identifies the lender, borrower, and any guarantors or security providers

2. Background: Sets out the context of the agreement, including the purpose of the loan and the warehouse arrangement

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

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

5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available

6. Drawdown: Procedures and requirements for drawing down the loan facility

7. Interest and Fees: Interest calculation, payment terms, and applicable fees

8. Repayment: Terms for repayment of the loan, including scheduled payments and prepayment provisions

9. Security: Details of the security over warehouse goods, including maintenance and monitoring requirements

10. Warehouse Arrangements: Specific provisions regarding the warehouse, storage requirements, and access rights

11. Representations and Warranties: Standard and specific warranties regarding the borrower's status and the warehoused goods

12. Covenants: Ongoing obligations of the borrower, including financial covenants and reporting requirements

13. Events of Default: Circumstances constituting default and consequences

14. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law