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1. Parties: Identification of the lender and borrower with full legal names and addresses
2. Background: Recitals explaining the existing loan agreement, its key terms, and the parties' desire to terminate
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination and Settlement: Clear statement of the loan termination and any settlement amount to be paid
5. Payment Terms: Details of how and when any final payments or settlements will be made
6. Release and Discharge: Mutual release of obligations and claims related to the loan agreement
7. Representations and Warranties: Statements of fact by both parties regarding their capacity and authority
8. Confidentiality: Obligations regarding confidentiality of the loan and termination terms
9. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Security Release: Required if the loan was secured against any assets or collateral
2. Guarantor Provisions: Required if there were any guarantors to the original loan
3. Surviving Provisions: Specifies which provisions of the original loan agreement survive termination, if any
4. Tax Provisions: Required if there are specific tax implications from the termination
5. Regulatory Compliance: Required for regulated loans or when specific regulatory acknowledgments are needed
6. Further Assurance: Optional clause requiring parties to execute additional documents if needed
7. Costs and Expenses: Required if there are specific provisions about who bears the termination costs
1. Schedule 1 - Original Loan Agreement Details: Summary of the original loan agreement including date, amount, and key terms
2. Schedule 2 - Settlement Calculations: Detailed breakdown of the final settlement amount including any interest or charges
3. Schedule 3 - Security Details: List of any security or collateral to be released
4. Schedule 4 - Release Documentation: Forms or notices required for releasing any registered security
5. Appendix A - Payment Instructions: Bank account details and payment procedures for settlement amount
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Professional Services
Education
Non-profit Organizations
Legal
Finance
Compliance
Risk Management
Treasury
Credit Administration
Corporate Secretariat
Loan Operations
Collections
Customer Relations
Chief Financial Officer
Finance Director
Legal Counsel
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Loan Officer
Risk Manager
Treasury Manager
Banking Relationship Manager
Corporate Secretary
Financial Controller
Legal Director
Collections Manager
Account Manager
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