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The LC Finance Term agreement is a standardized yet customizable document used for establishing term loan facilities under Dutch law. It is typically employed when a borrower requires fixed-term financing for specific business purposes such as acquisitions, expansion, or refinancing existing debt. The document comprehensively addresses all aspects of the lending relationship, including facility terms, drawdown mechanics, repayment obligations, and lender protections. It incorporates specific Dutch legal requirements and market practices, making it suitable for transactions within the Netherlands or cross-border deals where Dutch law is chosen. The agreement can be adapted for bilateral or syndicated lending arrangements and can accommodate various security structures and guarantee arrangements as needed.

1. Parties: Identification of the lender(s), borrower(s), and any other parties to the agreement

2. Background: Context of the loan agreement and purpose of the facility

3. Definitions and Interpretation: Definitions of terms used throughout the agreement and rules of interpretation

4. The Facility: Details of the loan facility, including amount, purpose, and availability

5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available

6. Utilization: Process and requirements for drawing down the loan

7. Repayment: Terms and schedule for repayment of the loan

8. Prepayment and Cancellation: Provisions for early repayment and cancellation of the facility

9. Interest: Interest rate, calculation methods, and payment terms

10. Fees: All fees payable under the facility

11. Tax Gross Up and Indemnities: Provisions dealing with tax implications and related indemnities

12. Increased Costs: Provisions for dealing with changes in costs due to regulatory or legal changes

13. Representations and Warranties: Statements of fact and assurances given by the borrower

14. Information Undertakings: Borrower's obligations to provide financial and other information

15. Financial Covenants: Financial ratios and thresholds the borrower must maintain

16. General Undertakings: General obligations of the borrower regarding its business and operations

17. Events of Default: Circumstances that would trigger default and lender's remedies

18. Changes to Parties: Provisions regarding assignments and transfers

19. Payment Mechanics: Administrative provisions regarding payments

20. Notices: Communication requirements and contact details

21. Calculations and Certificates: Provisions regarding calculations and evidence of amounts due

22. Governing Law and Jurisdiction: Choice of Dutch law and jurisdiction provisions