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1. Parties: Identification of the lender(s), borrower(s), and any guarantors or security providers
2. Background: Context of the facility, purpose, and basic commercial terms
3. Definitions and Interpretation: Defined terms, interpretation rules, and Nigerian law-specific definitions
4. The Facility: Detailed terms of the facility, commitment amounts, purpose, and availability
5. Conditions Precedent: Documents and conditions required before drawdown, including Nigerian regulatory requirements
6. Drawdown: Process and mechanics for utilization of the facility
7. Repayment and Prepayment: Terms for scheduled repayments and voluntary/mandatory prepayments
8. Interest: Interest calculation, periods, default interest, and compliance with Nigerian usury laws
9. Fees: Commitment fees, arrangement fees, and other charges
10. Tax Gross Up and Indemnities: Tax provisions including Nigerian withholding tax requirements
11. Representations and Warranties: Standard and Nigeria-specific representations
12. Information Undertakings: Financial and other information to be provided by the borrower
13. General Undertakings: Positive and negative covenants, including local regulatory compliance
14. Events of Default: Default triggers and consequences
15. Changes to Parties: Assignment and transfer provisions
16. Payment Mechanics: Payment provisions including currency and payment systems
17. Set-off: Rights of set-off and their exercise
18. Notices: Communication methods and addresses
19. Calculations and Certificates: Basis of calculations and evidence of amounts due
20. Governing Law and Enforcement: Nigerian law as governing law and enforcement provisions
1. Security: Required if the facility is secured, detailing security package and enforcement
2. Guarantee: Required if there are guarantors, including guarantee provisions
3. Increased Costs: Used for syndicated facilities or where regulatory changes might affect costs
4. Market Disruption: Required for LIBOR/SOFR based facilities or syndicated loans
5. Anti-corruption Provisions: Extended provisions for international lenders or high-risk sectors
6. Currency Provisions: Required if facility involves foreign currency or exchange rate considerations
7. Majority Lenders: Required for syndicated facilities, defining voting rights
8. Agency Provisions: Required for syndicated facilities with an agent bank
9. Environmental Compliance: Required for project finance or environmentally sensitive sectors
10. Islamic Finance Provisions: Required if the facility needs to be Sharia-compliant
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Drawdown Request: Template for borrower to request utilization
3. Form of Transfer Certificate: Template for transferring commitments (syndicated facilities)
4. Repayment Schedule: Detailed repayment dates and amounts
5. Form of Compliance Certificate: Template for periodic compliance certification
6. Form of Security Documents: Forms of required security documents under Nigerian law
7. Disclosure Schedule: Borrower's disclosures against representations
8. Permitted Security: List of pre-approved security interests
9. Form of Accession Deed: Template for additional parties joining the agreement
10. Financial Covenants Calculations: Detailed methodology for financial covenant calculations
Banking and Financial Services
Oil and Gas
Manufacturing
Real Estate and Construction
Telecommunications
Agriculture
Mining and Natural Resources
Power and Energy
Infrastructure
Transportation and Logistics
Healthcare
Technology
Retail and Consumer Goods
Education
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit
Operations
Company Secretariat
Corporate Finance
Chief Financial Officer
Finance Director
Treasury Manager
Corporate Finance Manager
Legal Counsel
Compliance Officer
Risk Manager
Company Secretary
Financial Controller
Credit Risk Officer
Relationship Manager
Transaction Manager
Corporate Banking Officer
Loan Officer
Chief Legal Officer
Senior Finance Manager
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