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LOI Funding for Belgium

LOI Funding Template for Belgium

A Belgian LOI Funding agreement is a specialized financing document governed by Belgian law, particularly structured under the Law of 21 December 2013 on SME Financing and related Belgian financial regulations. This agreement sets out the terms and conditions for providing funding to businesses, including detailed provisions on disbursement, repayment, security arrangements, and ongoing obligations. The document incorporates specific Belgian law requirements regarding financial services, consumer protection, and business financing, while ensuring compliance with European Union financial regulations applicable in Belgium.

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What is a LOI Funding?

The LOI Funding agreement is a crucial financing instrument in the Belgian legal framework, specifically designed to facilitate business funding while ensuring compliance with Belgian financial regulations. This document type is typically used when businesses seek financing from financial institutions under the Belgian Law of 21 December 2013 on SME Financing and related legislation. The agreement covers essential aspects including funding amount, purpose, disbursement conditions, repayment terms, security arrangements, and ongoing obligations of the parties. A LOI Funding agreement is particularly important as it incorporates specific Belgian legal requirements regarding financial services, disclosure obligations, and duties of care, while also considering European Union financial regulations applicable in Belgium. The document serves as a comprehensive framework for protecting both lender and borrower interests while ensuring regulatory compliance.

What sections should be included in a LOI Funding?

1. Parties: Identification of the funding provider and recipient, including full legal names, registration details, and addresses

2. Background: Context of the funding arrangement, purpose of the funding, and brief description of the parties' relationship

3. Definitions: Definitions of key terms used throughout the agreement, ensuring consistent interpretation

4. Amount and Purpose of Funding: Specific amount being provided and detailed description of its intended use

5. Disbursement Terms: Conditions precedent, timing, and mechanics of fund disbursement

6. Interest and Fees: Interest rate, calculation method, payment schedule, and any applicable fees

7. Repayment Terms: Schedule of repayments, prepayment provisions, and payment mechanics

8. Representations and Warranties: Standard declarations by the borrower about their legal status, authority, and financial condition

9. Covenants: Ongoing obligations of the borrower during the term of the funding

10. Events of Default: Circumstances constituting default and corresponding remedies

11. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes

12. Notices: Process and addresses for formal communications between parties

13. Signature Block: Execution section including date and authorized signatories

What sections are optional to include in a LOI Funding?

1. Security: Required when the funding is secured by specific assets or guarantees

2. Information Requirements: Used when ongoing financial reporting or other information delivery is required

3. Tax Provisions: Include when specific tax arrangements or withholding requirements apply

4. Assignment and Transfer: Required when either party needs the ability to transfer rights or obligations

5. Co-Borrower Provisions: Include when multiple borrowers are involved

6. Parent Company Guarantee: Required when parent company support is part of the funding structure

7. Currency Provisions: Include for cross-border funding involving multiple currencies

What schedules should be included in a LOI Funding?

1. Schedule 1 - Disbursement Schedule: Detailed timeline and conditions for fund disbursement tranches

2. Schedule 2 - Repayment Schedule: Detailed amortization table or repayment terms

3. Schedule 3 - Conditions Precedent: List of all documents and conditions required before funding

4. Schedule 4 - Form of Drawdown Notice: Template for requesting disbursement of funds

5. Schedule 5 - Security Details: Description of any security or collateral arrangements

6. Appendix A - Required Information: Templates for ongoing financial reporting or other required information

7. Appendix B - Calculation Methods: Detailed explanation of interest and fee calculations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Belgium

Publisher

Genie AI

Document Type

Letter of Intent

Cost

Free to use
Relevant legal definitions















































Clauses































Relevant Industries

Banking and Financial Services

Corporate Finance

Small and Medium Enterprises

Manufacturing

Technology

Real Estate

Retail

Healthcare

Energy

Infrastructure

Professional Services

Agriculture

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Development

Business Development

Credit

Commercial

Operations

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Finance Manager

Business Development Director

Risk Manager

Compliance Officer

Account Manager

Credit Officer

Financial Controller

Managing Director

CEO

Commercial Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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