Common Loan Agreement
Comprehensive drafting tool for consolidated credit facilities and inter-bank legal frameworks.
Agreement Wizard
Step 1 of 5Execution & Borrower Details
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.
Official Agreement Draft
COMMON LOAN AGREEMENT
THIS AGREEMENT is made at Italy this day 17 of October, 2026 between ABC Cements Corp, a Company incorporated and registered under the Companies Act, 2013 and having registered office at 6-20, Kiba 6-chome, Koto-ku, Tokyo-100-00001,Japan (hereinafter referred to as the "BORROWER").
IN FAVOUR OF THE FOLLOWING LENDERS:
- Overseas Bank (Central Office: 445 Prince Pass, Richmond, Connecticut - 77029, United States) - LEAD BANK
- Indian Bank (Head Office: 8553 Hirthe Radial, Primrose, Rodoshire - 70003, Maldives)
- Dolphin Bank (Head Office: 5862 Adrain Road, New Morris, Auckland - 16139, New Zealand)
- Syndicate Bank (Head Office: 509 N Central Avenue, Red channel, North Creek - 11318, Greece)
- Delphi Bank (Local Head Office: 2704 Senger Estate, North Way, Sentosa - 14448, Singapore)
I. PROJECT SPECIFICATIONS
The Borrower has proposed to set up a plant at 100 for the manufacture of lac tonnes per annum at a total project cost of Rs 150.
PROJECT COST BREAKUP:
| Expenditure Head | Amount (Rs) |
|---|---|
| Land & Site Development | 0.00 |
| Buildings | 0.00 |
| Plant & Machinery | 0.00 |
| Misc. Fixed Assets | 0.00 |
| Contingencies | 0.00 |
| Prel. & Pre-Op. expenses | 0.00 |
| Technical Know-how fee | 0.00 |
| Margin Money for Working Capital | 0.00 |
| TOTAL ESTIMATED COST | 0.00 |
II. LOAN FACILITIES
The Lenders have agreed to grant term loans aggregating to Rs 501 under their respective loan accounts:
| Lender Bank | Sanctioned Limit (Rs) |
|---|---|
| IOB : | 0.00 |
| IB : | 0.00 |
| CB : | 0.00 |
| SB : | 0.00 |
| SBI : | 0.00 |
III. ADMINISTRATIVE COVENANTS
- Interest: Interest shall be charged on daily balance with quarterly rests at the agreed rates per annum using 365 days year factor.
- Prepayment: Borrower may prepay with 30 days notice, subject to 1%% premium.
- Asset Disposal: Restriction applies to disposal of assets valued above Rs 25,000 per transaction or Rs 2.5 per financial year.
IN WITNESS WHEREOF the Borrower has caused its Common Seal to be hereunto affixed the day and year first above written.
For ABC Cements Corp
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