Document background
The Loan and Security Agreement is a fundamental document in secured financing transactions under Qatar law, combining the functions of a loan agreement and security documentation. It is typically used when a lender requires comprehensive security over a borrower's assets while extending credit facilities. The agreement must comply with Qatar's Civil Code, Commercial Code, and banking regulations, while often incorporating elements of Islamic finance principles. It includes detailed provisions on facility terms, security creation and perfection, representations and warranties, covenants, events of default, and enforcement mechanisms. This document is particularly important in Qatar's growing economy where significant infrastructure and development projects require secured financing structures.
