The Loan Indemnity Agreement is a crucial document in South African financial transactions where additional security is required for loan facilities. It is commonly used when a third party (often a parent company or related entity) agrees to protect a lender against losses arising from a borrower's default or other specified events. This document type is distinct from guarantees under South African law, creating a primary rather than secondary obligation. The agreement must comply with South African banking regulations, including the National Credit Act and Financial Intelligence Centre Act requirements. It typically includes detailed provisions on the scope of indemnity, payment mechanisms, enforcement rights, and may be accompanied by security arrangements. The document is particularly relevant in corporate group structures, project finance, and high-value commercial lending transactions where additional risk mitigation is required.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Indemnifier, Lender, and Borrower with their full legal details
2. Background: Context of the loan agreement and explanation of why the indemnity is being provided
3. Definitions: Definitions of key terms used throughout the agreement, including 'Loan Agreement', 'Secured Obligations', and 'Indemnified Amount'
4. Scope of Indemnity: Detailed description of what obligations are covered by the indemnity
5. Nature of Indemnity: Specification that this is a primary obligation and not merely a guarantee
6. Payment Terms: Terms and conditions for making payments under the indemnity, including timing and method
7. Duration: Period for which the indemnity remains valid and conditions for termination
8. Representations and Warranties: Legal statements and assurances made by the Indemnifier
9. Enforcement: Rights and remedies available to the Lender in case of default
10. Notices: Process and requirements for formal communications between parties
11. General Provisions: Standard legal clauses including governing law, jurisdiction, and severability
1. Security: Include when the indemnity is secured by specific assets or guarantees
2. Step-In Rights: Include when the Lender needs rights to take over certain obligations or contracts
3. Corporate Authority: Include when the Indemnifier is a corporate entity, detailing their authority to enter into the agreement
4. Assignment: Include when parties need the ability to transfer their rights under the indemnity
5. Currency Provisions: Include for cross-border transactions involving multiple currencies
6. Tax Provisions: Include when specific tax implications need to be addressed
7. Financial Covenants: Include when ongoing financial requirements are imposed on the Indemnifier
1. Form of Demand: Template for making formal demands under the indemnity
2. Original Loan Agreement: Copy of the underlying loan agreement being indemnified
3. Security Details: Details of any security provided (if applicable)
4. Corporate Authorizations: Copies of relevant corporate approvals and resolutions
5. Payment Mechanics: Detailed procedures for making and processing payments
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Commercial Property
Manufacturing
Mining
Retail
Agriculture
Construction
Infrastructure Development
Energy
Telecommunications
Relevant Teams
Legal
Finance
Risk Management
Compliance
Treasury
Credit Administration
Corporate Secretariat
Banking Operations
Deal Advisory
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Credit Manager
Risk Manager
Treasury Manager
Compliance Officer
Banking Executive
Loan Officer
Corporate Secretary
Financial Controller
Senior Legal Advisor
Banking Relationship Manager
Find the exact document you need
Employee Loan Contract
A South African law-governed agreement establishing terms for an employer-provided loan to an employee, including repayment through salary deductions.
find out more
Loans With Debt Agreement
A South African law-governed agreement combining loan provisions with debt arrangements, compliant with the National Credit Act and related legislation.
find out more
Take Over Car Loan Payments Contract
A South African law-governed agreement transferring vehicle loan payment obligations from an original borrower to a new borrower, with lender consent.
find out more
Repayment Of Debt Agreement
A South African law-governed agreement that formalizes debt repayment terms between creditor and debtor, ensuring compliance with local credit legislation.
find out more
Cellphone Loan Agreement
South African law-compliant agreement for financing mobile devices, covering loan terms, device ownership, and regulatory requirements.
find out more
Employer Loan To Employee Agreement
South African law-governed agreement establishing terms for an employer-provided loan to an employee, compliant with the National Credit Act and employment legislation.
find out more
Friendship Loan Agreement
A South African legal document formalizing loan arrangements between friends or family members, establishing clear terms while maintaining personal relationships.
find out more
Personal Loan Letter Between Friends
A South African legal document formalizing a personal loan agreement between friends, outlining loan terms and conditions while maintaining compliance with local legislation.
find out more
Peer To Peer Lending Agreement
South African-compliant agreement establishing terms for peer-to-peer lending between parties, including loan details, repayment terms, and regulatory requirements.
find out more
Simple Interest Loan Contract
A South African law-governed loan agreement with simple interest terms, compliant with the National Credit Act and related legislation.
find out more
Revolving Credit Contract
A South African law-governed agreement establishing a revolving credit facility between a credit provider and borrower, compliant with the National Credit Act.
find out more
Loan Car Form
A South African law-compliant agreement governing the temporary loan of a vehicle between parties, outlining terms, conditions, and responsibilities.
find out more
Family Member Promissory Note
A South African legal document formalizing loan agreements between family members, establishing terms and conditions while ensuring compliance with local lending and tax regulations.
find out more
Vendor Finance Loan Agreement
A South African law-governed agreement establishing terms for vendor-provided financing for goods or services purchase, compliant with local credit and banking regulations.
find out more
Overloan Agreement
A South African law-governed agreement that documents the extension of credit beyond an existing loan facility's limit, setting out terms for the increased borrowing amount.
find out more
Acknowledgement Of Debt Agreement
A South African legal document where a debtor formally acknowledges their debt obligation and agrees to specific repayment terms under South African law.
find out more
Facility Loan Agreement
A South African law-governed agreement establishing terms for a loan facility, including lending conditions, repayment terms, and security arrangements.
find out more
Overagreement
A South African law-governed master agreement that provides an overarching framework for multiple sub-agreements between parties.
find out more
Inter Corporate Loan Agreement
A South African law-governed agreement establishing loan terms between corporate entities, including financial terms, security, and compliance requirements.
find out more
Subordinated Loan Agreement
South African law-governed agreement establishing terms for subordinated debt, including ranking provisions and payment conditions.
find out more
Work Loan Agreement
A South African agreement combining employment terms with loan provisions, governed by national credit and employment legislation.
find out more
Peer To Peer Lending Contract
South African law-compliant agreement for direct lending between parties, incorporating National Credit Act requirements and essential lending terms.
find out more
Interest Loan Agreement
A South African law-governed agreement establishing terms for an interest-bearing loan, compliant with the National Credit Act and related legislation.
find out more
Letter To Borrow Money From Friend
A South African legal document formalizing a personal loan agreement between friends, including loan terms and repayment conditions while complying with local legislation.
find out more
Student Loan Agreement
South African law-governed agreement establishing terms for student financial assistance, compliant with National Credit Act and related legislation.
find out more
Simple Loan Application Form
South African loan application form compliant with NCA, POPIA, and FICA, designed for gathering borrower information and obtaining necessary consents.
find out more
Private Lending Term Sheet
A South African law-governed preliminary document outlining key terms and conditions for a private loan agreement, serving as the basis for detailed loan documentation.
find out more
Personal Loan Receipt
A South African legal document acknowledging the disbursement of a personal loan and its key terms, compliant with the National Credit Act.
find out more
Loan Agreement With Guarantor
A South African law-governed agreement establishing loan terms between lender and borrower, secured by a third-party guarantor's commitment to ensure repayment.
find out more
Investment Loan Contract
A South African law-governed agreement establishing terms for an investment loan, including loan details, security arrangements, and compliance with local financial regulations.
find out more
Facility Agreement
A South African law-governed agreement establishing terms and conditions for a lending facility, including loan amount, interest, repayment terms, and security arrangements.
find out more
Employee Laptop Loan Agreement
A South African law-governed agreement setting out terms for loaning company laptops to employees, including usage, maintenance, and return conditions.
find out more
Car Payment Plan Agreement
A South African law-compliant agreement outlining terms and conditions for vehicle purchase through structured payments, incorporating National Credit Act requirements.
find out more
Borrowing Form
A South African law-compliant document that establishes legally binding terms for a loan between a credit provider and borrower, incorporating National Credit Act requirements.
find out more
Simple Equipment Borrowing Agreement
A South African law-compliant agreement establishing terms and conditions for temporary equipment loans between parties.
find out more
No Loan Agreement
A South African legal document that formally establishes and confirms the absence of any loan relationship between parties.
find out more
International Loan Agreement
A South African law-governed agreement for cross-border lending transactions, establishing terms for international loans while ensuring compliance with local regulations.
find out more
Inter Corporate Deposit Agreement
A South African law-governed agreement regulating corporate deposit arrangements between companies, including terms for deposit placement, interest, and repayment.
find out more
Fixed Sum Loan Agreement
A South African law-governed agreement establishing terms for a fixed sum loan, compliant with the National Credit Act and related regulations.
find out more
Deed Of Assignment Loan Agreement
A South African law-governed agreement transferring rights and obligations under an existing loan from one lender to another, including associated terms and conditions.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)