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The Amended And Restated Loan Agreement is utilized when parties to an existing loan arrangement wish to make substantial modifications to their current agreement while preserving the original loan's continuity. This document type is particularly relevant when multiple amendments have accumulated over time, making it more efficient to consolidate all changes into a single, clear agreement, or when significant changes to commercial terms necessitate a comprehensive restatement. Under Irish law, this agreement must comply with various financial services regulations and banking requirements, including those set forth by the Central Bank of Ireland. The document typically includes updated facility terms, conditions precedent, representations and warranties, covenants, and events of default, while maintaining the existing security structure where applicable. It's commonly used in corporate lending, project finance, and commercial property transactions where the original facility requires substantial modification but the parties wish to avoid the complexity and cost of creating entirely new security arrangements.

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

2. Background: Recitals explaining the original agreement, reason for amendment and restatement, and confirmation that this agreement supersedes the original

3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation

4. Amendment and Restatement: Provisions specifying how this agreement amends and restates the original agreement

5. The Facility: Details of the loan facility including amount, purpose, and any tranches

6. Conditions Precedent: Conditions that must be satisfied before drawdown or continued availability of the facility

7. Drawdown: Procedures and requirements for drawing down the loan

8. Interest: Interest rate, calculation methods, and payment provisions

9. Repayment: Terms for repayment of the loan, including scheduled payments and final maturity

10. Prepayment: Provisions for voluntary and mandatory prepayment

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

12. Covenants: Positive and negative obligations of the borrower during the loan term

13. Events of Default: Circumstances that constitute default and their consequences

14. Changes to Parties: Provisions for assignment, transfer, and succession

15. Administration: Administrative provisions including calculations, notices, and payment mechanics

16. Governing Law and Jurisdiction: Choice of Irish law and jurisdiction provisions

17. Execution: Signature blocks and execution provisions