Loan Settlement Agreement Template for Nigeria

1. Security Provisions: Include when the settlement agreement requires new or maintains existing security arrangements

2. Guarantee: Include when a third party is guaranteeing the settlement payments

3. Confidentiality: Include when parties wish to keep the settlement terms confidential

4. Tax Provisions: Include when there are specific tax implications that need to be addressed

5. Insurance Requirements: Include when specific insurance must be maintained during the settlement period

6. Assignment: Include when either party needs the right to assign their rights under the agreement

7. Force Majeure: Include when parties want provisions for unforeseen circumstances affecting settlement performance

1. Schedule 1 - Original Loan Documentation: Copies or details of the original loan agreement and related documents

2. Schedule 2 - Payment Schedule: Detailed breakdown of settlement payment amounts and due dates

3. Schedule 3 - Calculation of Settlement Amount: Detailed calculation showing how the settlement amount was determined

4. Schedule 4 - Security Details: Details of any security arrangements that will continue or be released

5. Schedule 5 - Release Documentation: Forms of release documents to be executed upon completion of settlement