Framework Loan Agreement Template for South Africa

1. Security: Required if the facility is secured, detailing the security structure and enforcement rights

2. Guarantees: Include when third-party guarantees are part of the credit support structure

3. Tax Gross-Up and Indemnities: Detailed tax provisions needed for cross-border loans or when tax complexity requires specific provisions

4. Increased Costs and Illegality: Required for longer-term facilities or when regulatory changes might affect the loan

5. Multiple Borrowers/Guarantors: Include when the facility allows for additional borrowers or guarantors to accede

6. Currency Provisions: Required for multi-currency facilities or cross-border transactions

7. Anti-corruption Provisions: Detailed provisions required for compliance with anti-corruption laws, particularly in high-risk sectors

8. Market Disruption: Include for JIBAR-based facilities or when market disruption could affect interest calculations

1. Form of Utilisation Request: Standard form for borrower to request drawdowns under the facility

2. Conditions Precedent Documents: List of required documents and evidence for initial and subsequent drawdowns

3. Form of Compliance Certificate: Template for periodic confirmation of compliance with financial covenants

4. Repayment Schedule: If applicable, schedule of repayment dates and amounts

5. Form of Accession Deed: Template for additional borrowers or guarantors to join the agreement

6. Financial Covenants Calculations: Detailed methodology for calculating financial covenants

7. Permitted Security: List of security interests permitted under the agreement

8. Existing Financial Indebtedness: Schedule of borrower's existing debt arrangements

9. Form of Transfer Certificate: Template for transferring rights and obligations under the facility