Company Loan Agreement Template for Qatar

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Key Requirements PROMPT example:

Company Loan Agreement

"I need a Company Loan Agreement governed by Qatar law for a QAR 5 million secured term loan from Qatar National Bank to my manufacturing company, with quarterly repayments over 3 years starting March 2025, including standard security package and parent company guarantee."

Document background
The Company Loan Agreement is a fundamental document used in Qatar's corporate financing landscape when a company seeks to obtain debt financing from a financial institution or other lenders. It must comply with Qatar's civil and commercial laws, Central Bank regulations, and often needs to consider Sharia principles. The agreement typically covers loan amount, purpose, drawdown mechanics, interest/profit calculations, repayment terms, security arrangements, representations and warranties, covenants, and events of default. It's particularly important in Qatar's rapidly growing economy where corporate financing plays a crucial role in business expansion and development projects. The document requires careful drafting to ensure enforceability under Qatar law while meeting international banking standards.
Suggested Sections

1. Parties: Identification of the lender(s) and borrower(s) with full legal names and registration details

2. Background: Context of the loan agreement including purpose and any relevant corporate relationships

3. Definitions and Interpretation: Defined terms and interpretation rules used throughout the agreement

4. The Facility: Core terms of the loan including amount, purpose, and availability period

5. Interest: Interest rate, calculation method, and payment periods (structured to comply with Qatar law and Sharia principles)

6. Repayment: Terms and schedule for repayment of the principal amount

7. Prepayment: Conditions and procedures for early repayment

8. Representations and Warranties: Borrower's confirmations regarding its status, capacity, and financial condition

9. Information Undertakings: Borrower's obligations to provide financial and other information

10. General Undertakings: Borrower's general operational and financial covenants

11. Events of Default: Circumstances constituting default and consequences

12. Changes to Parties: Rules for assignment and transfer of rights/obligations

13. Notices: Communication procedures between parties

14. Governing Law and Jurisdiction: Qatar law as governing law and jurisdiction provisions

Optional Sections

1. Security: Details of any security package, used when loan is secured

2. Guarantee: Terms of any guarantee, included when there are corporate or personal guarantors

3. Conditions Precedent: Pre-disbursement requirements, used for complex or high-value loans

4. Increased Costs: Provisions for dealing with regulatory changes, relevant for longer-term loans

5. Tax Gross Up and Indemnities: Tax-related provisions, important for cross-border loans

6. Agency Provisions: Required when there are multiple lenders with an agent bank

7. Islamic Finance Provisions: Additional provisions to ensure Sharia compliance if structured as Islamic facility

Suggested Schedules

1. Form of Drawdown Request: Standard form for requesting loan disbursements

2. Repayment Schedule: Detailed schedule of repayment dates and amounts

3. Conditions Precedent Documents: List of required documents and conditions for loan disbursement

4. Form of Transfer Certificate: Standard form for transferring loan participations

5. Security Documents: Forms of security documents if loan is secured

6. Required Insurance: Details of insurance requirements for secured assets

7. Financial Covenants: Detailed financial ratios and calculations

8. Permitted Security: List of security interests permitted to exist

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Banking

Financial Services

Real Estate

Construction

Manufacturing

Retail

Healthcare

Energy

Technology

Telecommunications

Transportation

Hospitality

Education

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Secretarial

Credit

Islamic Banking

Corporate Finance

Banking Operations

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Banking Lawyer

Finance Manager

Treasury Manager

Risk Manager

Compliance Officer

Company Secretary

Corporate Finance Manager

Banking Relationship Manager

Credit Officer

Islamic Finance Specialist

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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