Loan Termination Agreement Template for India

1. Surviving Provisions: Lists any provisions from the original loan agreement that will survive termination - include when certain obligations need to continue

2. Tax Implications: Addresses responsibility for any tax consequences - include when there are significant tax considerations

3. Confidentiality: Obligations to keep the termination terms confidential - include for sensitive commercial arrangements

4. Dispute Resolution: Detailed arbitration or mediation procedures - include when parties want specific dispute resolution mechanisms

5. Third Party Rights: Addresses rights of any third parties affected by the termination - include when guarantors or other third parties are involved

6. Further Assurance: Obligation to execute additional documents if needed - include when complex security arrangements exist

7. Costs: Allocation of costs related to the termination - include when significant costs are involved in the termination process

1. Schedule 1 - Original Loan Agreement: Copy or details of the original loan agreement being terminated

2. Schedule 2 - Settlement Calculation: Detailed breakdown of the final settlement amount, including principal, interest, and any adjustments

3. Schedule 3 - Security Details: List of all security documents to be released and procedures for release

4. Schedule 4 - Payment Schedule: If settlement is to be paid in installments, detailed payment schedule with dates and amounts

5. Appendix A - Release Documents: Forms of release documents to be executed for security interests

6. Appendix B - Compliance Certificates: Any required compliance certificates or regulatory approvals for the termination