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1. Parties: Identification of the Lender and Borrower with full legal names and addresses
2. Background: Details of the original loan agreement, including date, principal amount, and current outstanding balance
3. Definitions: Definitions of key terms used in the agreement
4. Acknowledgment of Debt: Confirmation of the existing debt amount and its validity
5. Forgiveness Terms: Specific details of the debt being forgiven, including amount and effective date
6. Conditions Precedent: Any conditions that must be met before the forgiveness takes effect
7. Release: Formal release of the borrower from the specified debt obligations
8. Representations and Warranties: Key statements of fact by both parties regarding their capacity and authority
9. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Partial Forgiveness Provisions: Required when only a portion of the loan is being forgiven, specifying remaining payment obligations
2. Tax Implications: Include when parties wish to address responsibility for any tax consequences of the forgiveness
3. Security Release: Required when the original loan was secured and security interests need to be released
4. Confidentiality: Include when parties wish to keep the forgiveness terms private
5. Survival Provisions: Include when certain representations or obligations should survive the forgiveness
6. Related Party Agreements: Required when the forgiveness affects other agreements between the parties
1. Original Loan Agreement: Copy or summary of the original loan agreement being affected
2. Calculation of Forgiven Amount: Detailed breakdown of the debt being forgiven, including principal, interest, and any fees
3. Payment History: Record of payments made under the original loan agreement
4. Release Documents: Forms for releasing any security interests or registrations
5. Tax Forms: Any required tax documentation related to the debt forgiveness
Banking & Financial Services
Private Equity
Real Estate
Commercial Lending
Corporate Finance
Family Offices
Small & Medium Enterprises
Non-Profit Organizations
Education
Healthcare
Legal
Finance
Treasury
Credit Control
Risk Management
Compliance
Corporate Secretariat
Tax
Accounting
Debt Recovery
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Credit Manager
Loan Officer
Debt Recovery Specialist
Treasury Manager
Financial Controller
Risk Manager
Company Secretary
Compliance Officer
Account Manager
Banking Relationship Manager
Corporate Finance Manager
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