Sterling Term Loan Agreement (Lending Syndicate To Corporate Borrower)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💸 Term loan agreementBusiness activity
Get a loanA term loan agreement is a binding contract between a lender and borrower that outlines the terms of a loan, including the repayment schedule, interest rate, and collateral. The agreement also sets forth the rights and obligations of both parties.
The template would typically include provisions regarding the loan amount, repayment terms, interest rates, and any applicable fees or penalties. It may also outline the conditions precedent that must be met before the loan can be disbursed, such as the submission of financial statements or the provision of collateral.
The agreement will address the responsibilities of the lending syndicate, which consists of a group of lenders, and the corporate borrower. This could include specifying the payment schedule, the mechanism for disbursing funds, and procedures for monitoring the loan and ensuring compliance with the agreed-upon terms by both parties.
Additionally, the template may include provisions relating to events of default, loan transferability, assignments, and rights and remedies in case of breaches or disputes. It may also address confidentiality, governing law, and jurisdiction, specifying that all parties must comply with UK laws and resolve any legal disputes in the UK court system.
Overall, the Sterling Term Loan Agreement (Lending Syndicate To Corporate Borrower) under UK law serves as a comprehensive legal document that governs the terms and conditions of a loan transaction between multiple lenders and a corporate borrower in compliance with the United Kingdom's legal framework.
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