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The Business Loan Agreement Form is a crucial document used in Austrian commercial lending transactions when a financial institution extends credit to a business entity. It serves as the primary contract governing the lending relationship, incorporating requirements from Austrian banking laws, particularly the Banking Act (BWG) and Commercial Code (UGB). The agreement is designed to protect both lender and borrower interests by clearly defining loan terms, security arrangements, obligations, and remedies. It includes mandatory provisions required by Austrian financial regulations and EU directives, such as interest rate calculations, security requirements, and GDPR compliance. This document is essential for any business seeking institutional financing in Austria and must be tailored to comply with specific regulatory requirements while addressing the particular needs of the lending arrangement.

1. Parties: Identification of the lender (financial institution) and borrower (business entity), including registration numbers and addresses

2. Background: Context of the loan agreement, purpose of the loan, and any relevant pre-contractual discussions

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of funds

5. Interest Rate and Calculations: Details of interest rate (fixed or variable), calculation method, and payment periods

6. Repayment Terms: Schedule of repayments, payment methods, and early repayment provisions

7. Conditions Precedent: Conditions that must be satisfied before the loan is disbursed

8. Representations and Warranties: Statements of fact by the borrower about their business and financial condition

9. Borrower Covenants: Ongoing obligations of the borrower during the loan term

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

11. Security: Details of any collateral or guarantees securing the loan

12. Fees and Expenses: All fees, charges, and costs associated with the loan

13. Notices: Communication requirements and contact details

14. Governing Law and Jurisdiction: Confirmation of Austrian law governance and jurisdiction for disputes

15. Data Protection: GDPR compliance provisions and data handling procedures