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Addendum Loan Agreement
1. Parties: Identification of all parties to the original loan agreement, including their full legal names, registration numbers, and addresses
2. Background: Reference to the original loan agreement (date, parties), reason for the addendum, and confirmation that all other terms of the original agreement remain in force unless specifically modified
3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement that apply to the addendum
4. Amendments to Original Agreement: Specific modifications to the original agreement, clearly identifying sections being modified, deleted, or added
5. Effective Date: When the modifications take effect and any conditions precedent to effectiveness
6. Confirmation of Other Terms: Express confirmation that all other terms and conditions of the original agreement remain unchanged and in full force and effect
7. Governing Law and Jurisdiction: Confirmation that Danish law continues to govern, with specific reference to jurisdiction for disputes
8. Execution: Signature blocks for all parties, including date and place of signing
1. Additional Security: Include when the addendum involves changes to security arrangements or additional collateral
2. Payment Terms Modification: Include when changing payment schedule, interest rates, or other financial terms
3. Representations and Warranties: Include when new representations are required due to material changes in circumstances or terms
4. Conditions Precedent: Include when the amendments are subject to specific conditions being met before becoming effective
5. Consent and Waiver: Include when third-party consents are required or certain rights are being waived
6. Fee Provisions: Include when the amendment involves new or modified fees
7. Notice Provisions: Include when changing communication methods or contact details
1. Schedule of Amendments: Detailed listing of specific changes to clauses in the original agreement, with old and new text compared
2. Revised Payment Schedule: If payment terms are modified, detailed new amortization or payment schedule
3. Updated Security Documents: If security arrangements are modified, updated details of collateral or security arrangements
4. Consent Documents: Copies of any required third-party consents or waivers
5. Powers of Attorney: If applicable, documents confirming authority to execute the addendum
6. Conditions Precedent Checklist: List of conditions that must be satisfied before the addendum becomes effective
Authors
Original Agreement
Effective Date
Amended Terms
Amendment Fee
Amended Facility
Amended Maturity Date
Original Lender
Original Borrower
Business Day
Danish Business Day
Conditions Precedent
Default
Event of Default
Facility
Interest Payment Date
Interest Period
Interest Rate
CIBOR
Loan
Material Adverse Effect
Modified Provisions
Outstanding Amount
Parties
Remaining Provisions
Repayment Date
Repayment Schedule
Security
Security Documents
Signing Date
Supplemental Security
Taxes
Working Day
Amendment
Representations and Warranties
Conditions Precedent
Interest Rate
Repayment Terms
Security
Fees and Expenses
Payment Provisions
Events of Default
Covenants
Notice Requirements
Governing Law
Jurisdiction
Counterparts
Authority
Third Party Rights
Severability
Entire Agreement
Further Assurance
Assignment
Confidentiality
Waiver
Force Majeure
Compliance
Acknowledgment
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