Forbearance Agreement Commercial Loan Template for Australia

1. Additional Security: Used when new security is being provided as part of the forbearance arrangement

2. Guarantor Provisions: Required when guarantors are involved in the original loan or new guarantors are being added

3. Financial Reporting Requirements: Additional financial monitoring requirements during forbearance period

4. Step-In Rights: Used for complex commercial loans where lender may need operational control

5. Asset Sale Provisions: Required when partial debt repayment through asset sales is contemplated

6. Debt Restructuring Terms: Used when forbearance includes elements of debt restructuring

7. Third Party Consents: Required when other creditors' or stakeholders' consent is needed

1. Schedule 1 - Loan Details: Details of the original loan agreement and current outstanding amounts

2. Schedule 2 - Modified Payment Schedule: New payment terms and schedule during forbearance period

3. Schedule 3 - Security Details: List of existing and any new security arrangements

4. Schedule 4 - Conditions Precedent Checklist: Detailed list of conditions to be satisfied

5. Schedule 5 - Financial Covenants: Specific financial metrics and reporting requirements

6. Appendix A - Form of Compliance Certificate: Template for periodic compliance certification

7. Appendix B - Required Notices: Forms of notices required under the agreement