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Security Loan Agreement
"I need a Security Loan Agreement for a 5-year term facility of QAR 50 million to be secured against our manufacturing facility in Doha Industrial Area, with the loan to be drawn down by March 2025; the agreement must comply with Qatar law but doesn't need Islamic finance provisions."
1. Parties: Identification of the lender, borrower, and any security agents or trustees
2. Background: Context of the security loan arrangement and relationship between the parties
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. The Loan Facility: Terms of the loan including amount, purpose, and drawdown conditions
5. Security Creation: Provisions creating the security interest over the specified assets
6. Perfection and Further Assurance: Requirements for registering and perfecting the security interest
7. Representations and Warranties: Statements of fact and assurances given by the borrower
8. Covenants: Positive and negative obligations of the borrower regarding the secured assets
9. Events of Default: Circumstances constituting default and consequences
10. Enforcement: Rights and remedies of the lender upon default
11. Payments and Calculations: Payment mechanisms, calculations of interest and fees
12. Changes to Parties: Provisions for transfer, assignment, and succession
13. Administration: Administrative provisions including notices and amendments
14. Governing Law and Jurisdiction: Choice of Qatar law and jurisdiction provisions
1. Islamic Finance Compliance: Required when the agreement needs to comply with Sharia principles
2. Security Agent Provisions: Include when a security agent is appointed to hold the security on behalf of multiple lenders
3. Intercreditor Provisions: Required when there are multiple secured creditors
4. Tax Provisions: Detailed tax provisions when cross-border elements exist
5. Currency Provisions: Required when loans or security involve multiple currencies
6. Insurance Requirements: Detailed insurance obligations when secured assets require specific insurance coverage
7. Custody Arrangements: Required when securities or other assets need custodian arrangements
1. Schedule 1 - The Secured Assets: Detailed description and identification of assets subject to security
2. Schedule 2 - Conditions Precedent: List of documents and conditions required before utilization
3. Schedule 3 - Forms of Notices: Standard forms of notices required under the agreement
4. Schedule 4 - Form of Transfer Certificate: Standard form for transferring rights under the agreement
5. Schedule 5 - Perfection Requirements: Specific actions required to perfect security in different jurisdictions
6. Appendix A - Repayment Schedule: Detailed schedule of repayment dates and amounts
7. Appendix B - Security Registration Details: Details of security registrations and filing requirements
8. Appendix C - Calculation of Fees and Interest: Detailed methodology for calculating fees and interest
Authors
Account Bank
Additional Security
Applicable Law
Authorisation
Available Facility
Business Day
Calculation Date
Charged Assets
Charged Property
Collateral
Commitment
Compliance Certificate
Conditions Precedent
Default
Default Interest
Default Notice
Delegate
Enforcement Event
Event of Default
Facility
Finance Documents
Financial Indebtedness
Financial Statements
Governing Law
Group
Guarantee
Holding Company
Islamic Finance Provisions
Legal Reservation
Lender
Loan
Material Adverse Effect
Notice of Assignment
Obligor
Payment Date
Perfection Requirements
Permitted Security
Power of Attorney
Qatar Business Day
Qatar Central Bank
Qatar Financial Centre
Quasi-Security
Receiver
Related Rights
Relevant Jurisdiction
Repayment Date
Repeating Representations
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Agent
Security Documents
Security Interest
Security Period
Security Provider
Sharia Principles
Subsidiary
Tax
Transaction Documents
Transfer Certificate
Trust Deed
Utilisation
Utilisation Date
Utilisation Request
Facility Terms
Purpose
Security Creation
Representations and Warranties
Security Perfection
Registration Requirements
Covenants
Positive Obligations
Negative Obligations
Financial Covenants
Information Undertakings
Events of Default
Acceleration
Enforcement
Power of Attorney
Further Assurance
Assignment and Transfer
Changes to Parties
Payment Provisions
Interest
Fees and Expenses
Tax Gross-up
Increased Costs
Set-off
Notices
Calculations
Partial Invalidity
Remedies and Waivers
Amendments
Counterparts
Confidentiality
Islamic Finance Compliance
Security Agent Provisions
Intercreditor Terms
Currency Provisions
Governing Law
Dispute Resolution
Process Agent
Jurisdiction
Waiver of Immunity
Banking and Financial Services
Real Estate and Construction
Oil and Gas
Manufacturing
Infrastructure Development
Healthcare
Hospitality and Tourism
Technology and Telecommunications
Trading and Commerce
Transportation and Logistics
Legal
Finance
Treasury
Risk Management
Compliance
Corporate Secretariat
Credit Analysis
Islamic Banking
Security Administration
Transaction Management
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Finance Manager
Treasury Manager
Risk Manager
Compliance Officer
Security Trustee
Loan Officer
Credit Risk Officer
Islamic Finance Advisor
Corporate Secretary
Banking Relationship Manager
Transaction Manager
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