Lenders Agreement Template for Nigeria

1. Guarantee Provisions: Used when a third party guarantees the loan obligations

2. Assignment and Transfer: Include when the lender may want to transfer or assign rights under the agreement

3. Syndication Provisions: Required for loans that may be syndicated to multiple lenders

4. Insurance Requirements: Detailed when specific insurance coverage is required for the loan

5. Special Purpose Vehicle Provisions: Include when the borrower is an SPV or when specific corporate structures need to be maintained

6. Project Finance Provisions: Used when the loan is tied to specific project developments

7. Currency Provisions: Required when dealing with foreign currency loans or multiple currency options

1. Schedule 1 - Loan Details: Detailed breakdown of the facility amount, interest rates, and payment dates

2. Schedule 2 - Conditions Precedent Documents: List of all required documents and conditions to be satisfied

3. Schedule 3 - Drawdown Notice Form: Template for requesting disbursement of loan funds

4. Schedule 4 - Repayment Schedule: Detailed amortization schedule if applicable

5. Schedule 5 - Security Documents: List and copies of all security documents

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

7. Appendix B - Financial Covenants Calculations: Format for calculating and reporting financial covenants

8. Appendix C - Know Your Customer Requirements: List of required KYC documentation and verification procedures