Addendum Loan Agreement Template for Switzerland

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Key Requirements PROMPT example:

Addendum Loan Agreement

"I need an Addendum Loan Agreement under Swiss law to extend our existing corporate loan's maturity date to March 15, 2025, and adjust the interest rate from LIBOR to SARON plus 2%."

Document background
The Addendum Loan Agreement under Swiss law is utilized when parties need to modify an existing loan arrangement without creating an entirely new agreement. This document is particularly relevant when circumstances require adjustments to key loan terms, such as changes in interest rates, extension of maturity dates, modification of repayment schedules, or updates to financial covenants. The addendum must comply with Swiss contract law principles, especially Articles 312-318 of the Swiss Code of Obligations governing loan agreements. It's commonly used in both commercial and private lending contexts, requiring careful consideration of Swiss banking regulations if a regulated lender is involved. The document serves as a bridge between the original agreement and new terms, ensuring legal continuity while implementing necessary changes.
Suggested Sections

1. Parties: Identification of all parties to the original loan agreement, including their full legal names, addresses, and registration details if applicable

2. Background: Reference to the original loan agreement (including date and parties), reason for the addendum, and confirmation that parties wish to amend the original agreement

3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement and any new terms introduced

4. Amendments: Detailed description of specific modifications to the original agreement, clearly referencing the sections being amended

5. Effective Date: Specification of when the amendments take effect

6. Confirmation of Other Terms: Statement confirming that all other terms of the original agreement remain in full force and effect

7. Governing Law and Jurisdiction: Confirmation that Swiss law continues to govern the agreement and jurisdiction for dispute resolution

8. Execution: Signature blocks for all parties and date of signing

Optional Sections

1. Representations and Warranties: Additional confirmations by parties regarding their capacity and authority to enter into the addendum, used when significant changes are being made

2. Conditions Precedent: Any conditions that must be satisfied before the amendments become effective, included when amendments are contingent on specific events or actions

3. Security Confirmation: Confirmation that existing security remains in force, used when the original agreement includes security arrangements

4. Fees and Expenses: Details of any costs associated with the amendment, included when there are specific costs to be allocated

5. Tax Provisions: Additional tax-related provisions if the amendments have tax implications

6. Regulatory Compliance: Additional regulatory requirements, included when amendments trigger specific regulatory obligations

Suggested Schedules

1. Schedule of Amendments: Detailed listing of all specific changes to the original agreement, particularly useful for complex modifications

2. Amended and Restated Provisions: Full text of provisions as they read after amendments, used for significant textual changes

3. Required Consents: Copies of any third-party consents required for the amendments

4. Updated Payment Schedule: Revised payment terms if the amendments affect the payment structure

5. Form of Notices: Templates for any notices required under the amended agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Banking & Financial Services

Corporate Lending

Real Estate & Construction

Manufacturing & Industrial

Technology & Software

Healthcare & Life Sciences

Energy & Infrastructure

Retail & Consumer Goods

Agriculture & Food Production

Transportation & Logistics

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Secretariat

Credit Administration

Business Development

Relationship Management

Operations

Relevant Roles

Chief Financial Officer

Treasury Manager

Finance Director

Legal Counsel

Corporate Lawyer

Relationship Manager

Credit Officer

Risk Manager

Compliance Officer

Corporate Secretary

Banking Executive

Loan Officer

Financial Controller

Business Development Manager

Account Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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