loan agreement

loan agreement
+ loan agreement
Also known as a credit agreement.
The main transaction document for a loan financing between one or more lenders and a borrower. It sets out the:
• Terms of the loan.
• Borrowing and repayment procedures and the calculation of interest and fees.
• Liabilities and obligations of the parties.
While each deal has its own unique set of issues, almost all credit agreements have the same key provisions and structure. Other transaction documents which may accompany the credit agreement in a financing transaction include promissory notes, guaranties (guaranty) and security agreements.
For more information on credit agreements, see Practice Note, Loan Agreement: Overview (

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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