Loan Settlement Agreement Template for New Zealand

1. Security Release: Required when the original loan was secured against assets or property that need to be released

2. Guarantor Provisions: Necessary when the original loan involved guarantors who need to be released or whose obligations need to be modified

3. Default and Remedies: Include when the settlement involves installment payments rather than a lump sum

4. Tax Implications: Required when there are specific tax consequences that need to be addressed

5. Third Party Consents: Include when settlement requires approval or acknowledgment from other parties

6. Continuing Obligations: Necessary when certain obligations from the original loan agreement survive the settlement

1. Schedule 1 - Original Loan Details: Copy or summary of the original loan agreement and amendments

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

3. Schedule 3 - Payment Schedule: If applicable, detailed schedule of installment payments with dates and amounts

4. Schedule 4 - Security Details: List of any security interests to be released and relevant registration details

5. Appendix A - Required Forms: Standard forms required for releasing security interests or updating official registers

6. Appendix B - Confirmation of Authority: Documents confirming the authority of signatories to execute the agreement