All Templates
Sample term sheet for loan
💸 Term loan agreement
Term Sheet For Loan Agreement By Lending Syndicate Financing A Private Company Acquisition (SONIA or BOEBR)
Term Sheet For Loan Agreement By Lending Syndicate Financing A Private Company Acquisition (SONIA or BOEBR)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💸 Term loan agreementBusiness activity
Sample term sheet for loanThis legal template is a term sheet specifically designed for a loan agreement between a lending syndicate and a private company in the context of financing the acquisition of another private company. The financing commitment will be governed by UK law, and the template offers flexibility for the parties to choose between the use of the SONIA (Sterling Overnight Index Average) or BOEBR (Bank of England Base Rate) as the reference interest rate.
The term sheet provides an outline of the key terms and conditions that will form the basis of the loan agreement. It serves as a preliminary document that helps the parties negotiate and agree upon the fundamental terms before proceeding with the full loan agreement documentation.
The template may cover several essential aspects of the loan agreement, including but not limited to:
1. Loan Amount: Specifies the total amount of funding to be provided by the lending syndicate to finance the acquisition.
2. Interest Rate: Outlines the agreed-upon interest rate, which can be either SONIA or BOEBR, and any additional margin to be added to the reference rate.
3. Drawdown: Sets forth the details of how and when the loan funds will be made available to the borrower, including any conditions precedent for each drawdown.
4. Repayment: Defines the repayment terms, including the principal amount, interest payment intervals, and any provisions for early repayment or prepayment penalties.
5. Security and Collateral: Clarifies the specific assets or guarantees that will secure the loan, providing protection for the lending syndicate in case of default.
6. Representations and Warranties: Outlines the assurances provided by the borrower regarding the accuracy of information and their ability to undertake the acquisition and repay the loan.
7. Covenants: Specifies the ongoing obligations and restrictions imposed on the borrower during the term of the loan, such as financial reporting requirements or limitations on additional borrowing.
8. Default and Remedies: Describes the events that would constitute a default by the borrower, along with the remedies available to the lending syndicate in case of default, including potential acceleration of the loan.
It is important to note that this is merely a description of what the legal template could cover, and the actual content and specificity may vary depending on the precise requirements and negotiation between the parties involved.
The term sheet provides an outline of the key terms and conditions that will form the basis of the loan agreement. It serves as a preliminary document that helps the parties negotiate and agree upon the fundamental terms before proceeding with the full loan agreement documentation.
The template may cover several essential aspects of the loan agreement, including but not limited to:
1. Loan Amount: Specifies the total amount of funding to be provided by the lending syndicate to finance the acquisition.
2. Interest Rate: Outlines the agreed-upon interest rate, which can be either SONIA or BOEBR, and any additional margin to be added to the reference rate.
3. Drawdown: Sets forth the details of how and when the loan funds will be made available to the borrower, including any conditions precedent for each drawdown.
4. Repayment: Defines the repayment terms, including the principal amount, interest payment intervals, and any provisions for early repayment or prepayment penalties.
5. Security and Collateral: Clarifies the specific assets or guarantees that will secure the loan, providing protection for the lending syndicate in case of default.
6. Representations and Warranties: Outlines the assurances provided by the borrower regarding the accuracy of information and their ability to undertake the acquisition and repay the loan.
7. Covenants: Specifies the ongoing obligations and restrictions imposed on the borrower during the term of the loan, such as financial reporting requirements or limitations on additional borrowing.
8. Default and Remedies: Describes the events that would constitute a default by the borrower, along with the remedies available to the lending syndicate in case of default, including potential acceleration of the loan.
It is important to note that this is merely a description of what the legal template could cover, and the actual content and specificity may vary depending on the precise requirements and negotiation between the parties involved.
How it works
Create doc / use template
Chat to our AI Legal Assistant
Edit, collaborate & share
Export to .docx
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Standard Document To Consent To Short Notice Of A General Meeting (Company Limited By Shares)
This legal template is designed for a company limited by shares operating under UK law. It serves as a standard document that authorizes and obtains consent from shareholders for holding a general meeting at short notice.
In accordance with the Companies Act and the company's articles of association, certain procedures need to be followed when calling a general meeting. However, there may be instances where an extraordinary situation arises, necessitating the need for a meeting to be convened at short notice, without adhering to the usual timeframes.
This template ensures compliance with legal requirements by obtaining the consent of all shareholders to waive the standard notice period. By consenting, shareholders confirm their understanding of the urgency or exceptional circumstances leading to the short notice and agree to proceed with the general meeting. The template also includes details such as the meeting date, time, venue, and agenda items to be discussed.
By using this template, companies can ensure that they have properly documented the consent of all shareholders, which is essential to demonstrate adherence to legal obligations and protect the company's decision-making processes.
In accordance with the Companies Act and the company's articles of association, certain procedures need to be followed when calling a general meeting. However, there may be instances where an extraordinary situation arises, necessitating the need for a meeting to be convened at short notice, without adhering to the usual timeframes.
This template ensures compliance with legal requirements by obtaining the consent of all shareholders to waive the standard notice period. By consenting, shareholders confirm their understanding of the urgency or exceptional circumstances leading to the short notice and agree to proceed with the general meeting. The template also includes details such as the meeting date, time, venue, and agenda items to be discussed.
By using this template, companies can ensure that they have properly documented the consent of all shareholders, which is essential to demonstrate adherence to legal obligations and protect the company's decision-making processes.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
11
RATINGS
4
DISCUSSIONS
2
Standard Exclusive Distribution Agreement (UK)
This legal template, known as the Standard Exclusive Distribution Agreement (UK) under UK law, is a comprehensive document that outlines the terms and conditions governing the relationship between a supplier and a distributor in the United Kingdom.
The agreement is specifically designed for companies operating in the UK and complies with the legal requirements and regulations of the country. It establishes an exclusive distribution arrangement, which means that the supplier grants the distributor sole rights to sell and distribute their products within a defined territory or market segment.
The main purpose of this agreement is to provide a clear framework for both parties, ensuring that their interests are protected and their obligations and responsibilities are clearly defined. It includes provisions related to the rights and obligations of each party, the scope of the distributor's exclusivity, pricing and payment terms, minimum purchase requirements, intellectual property rights, confidentiality, and termination clauses.
Moreover, the template may also include provisions related to marketing and advertising, after-sales services, obligations of the distributor regarding storage and transportation, liability limitations, dispute resolution mechanisms, and governing law.
Overall, the Standard Exclusive Distribution Agreement (UK) under UK law serves as a vital legal document that ensures a fair and mutually beneficial business relationship between the supplier and distributor while adhering to the specific legal framework of the United Kingdom.
The agreement is specifically designed for companies operating in the UK and complies with the legal requirements and regulations of the country. It establishes an exclusive distribution arrangement, which means that the supplier grants the distributor sole rights to sell and distribute their products within a defined territory or market segment.
The main purpose of this agreement is to provide a clear framework for both parties, ensuring that their interests are protected and their obligations and responsibilities are clearly defined. It includes provisions related to the rights and obligations of each party, the scope of the distributor's exclusivity, pricing and payment terms, minimum purchase requirements, intellectual property rights, confidentiality, and termination clauses.
Moreover, the template may also include provisions related to marketing and advertising, after-sales services, obligations of the distributor regarding storage and transportation, liability limitations, dispute resolution mechanisms, and governing law.
Overall, the Standard Exclusive Distribution Agreement (UK) under UK law serves as a vital legal document that ensures a fair and mutually beneficial business relationship between the supplier and distributor while adhering to the specific legal framework of the United Kingdom.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
11
RATINGS
3
DISCUSSIONS
1
Standard Notice Of Landlord's Reply To Tenant's Notice Of Claim (Right To Enfranchise)
The legal template titled "Standard Notice Of Landlord's Reply To Tenant's Notice Of Claim (Right To Enfranchise)" is a document specifically designed to handle a specific situation under UK law. This template pertains to a scenario where a tenant wishes to exercise their legal right to enfranchise, which essentially means acquiring the freehold interest in the property they are renting from their landlord.
The template aims to assist the landlord in drafting a well-formulated response to the tenant's initial notice of claim. This response typically serves to address the tenant's request and outline the landlord's position on the matter, while ensuring compliance with the relevant legal requirements and regulations.
The content of this legal template would usually include a series of essential elements, such as the identification details of both parties involved, reference to the original notice of claim, acknowledgment of the tenant's intention to enfranchise, and the landlord's decision on whether they accept or dispute the claim. Additionally, the reply may include any relevant conditions, restrictions, or counter-proposals the landlord wishes to put forth.
By using this template, landlords can ensure that their response to the tenant's claim is thorough, clearly articulated, and adheres to the specific legal requirements governing the right to enfranchise in the UK. This helps to facilitate a fair and structured dialogue between the parties and encourages the resolution of any potential conflicts related to property ownership.
The template aims to assist the landlord in drafting a well-formulated response to the tenant's initial notice of claim. This response typically serves to address the tenant's request and outline the landlord's position on the matter, while ensuring compliance with the relevant legal requirements and regulations.
The content of this legal template would usually include a series of essential elements, such as the identification details of both parties involved, reference to the original notice of claim, acknowledgment of the tenant's intention to enfranchise, and the landlord's decision on whether they accept or dispute the claim. Additionally, the reply may include any relevant conditions, restrictions, or counter-proposals the landlord wishes to put forth.
By using this template, landlords can ensure that their response to the tenant's claim is thorough, clearly articulated, and adheres to the specific legal requirements governing the right to enfranchise in the UK. This helps to facilitate a fair and structured dialogue between the parties and encourages the resolution of any potential conflicts related to property ownership.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
2
DISCUSSIONS
0
