CreditWiseConfident Decisions
Common Loan Agreement
Comprehensive drafting tool for consolidated credit facilities and inter-bank legal frameworks.
Agreement Wizard
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Agreement2
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Loan Terms5
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Execution Recommendation
This agreement must be executed on non-judicial stamp paper of appropriate value as per the State Stamp Act. Ensure all board resolutions authorizing this execution are attached as Annexures.
Legal Takeaways
The Common Loan Agreement (CLA) serves as the primary contractual link between consortium lenders and the borrower.
Strict adherence to negative covenants is mandatory to ensure cross-default protection.