Document background
The Board Resolution Loan Agreement is a crucial document used when a company seeks to formalize both the corporate approval and the terms of a loan facility under Swiss law. It serves dual purposes: documenting the board's formal authorization of the borrowing and establishing the contractual framework for the loan itself. This document type is particularly important in Switzerland, where corporate governance requirements are stringent and formal board approval is essential for significant financial commitments. The agreement includes comprehensive details about the loan facility, including amount, purpose, interest rates, repayment terms, and any security arrangements. It ensures compliance with Swiss corporate law requirements while protecting both the lender's interests and the company's corporate governance obligations.
