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The Framework Loan Agreement is a comprehensive legal document used when parties anticipate multiple loan transactions over time. Under English and Welsh law, it provides a master agreement structure that defines the fundamental relationship between lender and borrower, reducing the need to negotiate fresh terms for each transaction. This type of agreement is particularly useful for ongoing business relationships, credit facilities, and revolving loan arrangements, offering flexibility while maintaining consistent core terms and conditions. It typically includes detailed provisions for drawdown mechanisms, conditions precedent, representations and warranties, and events of default.

1. Parties: Identification and details of the lender and borrower

2. Background: Context and purpose of the framework agreement

3. Definitions: Key terms used throughout the agreement

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

5. Conditions Precedent: Conditions that must be satisfied before drawdown

6. Repayment: Terms of repayment including schedule and methods

7. Interest: Interest calculation and payment provisions

8. Representations and Warranties: Statements of fact by the borrower

9. Events of Default: Circumstances that trigger default

10. Governing Law and Jurisdiction: Legal framework governing the agreement