| name | term-loan-agreement |
| title | Term Loan Agreement |
| description | Drafts U.S. corporate finance term loan agreements covering economic terms, covenants, collateral, events of default, and enforcement mechanics. Trigger when the user requests a term loan agreement, commercial loan, senior secured facility, SOFR-based loan, amortization schedule, covenant package, or bilateral loan documentation. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/term-loan-agreement |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | finance |
| language | en |
| tags | ["agreement","corporate","drafting","transactional"] |
Term Loan Agreement
Drafts an execution-ready term loan agreement for a commercial lending transaction.
Gather Inputs
Collect before drafting. Flag any missing items.
- Parties — legal names, entity type, formation state, addresses, signatories
- Economics — principal, funding date, maturity, benchmark (SOFR/other), margin, fees
- Repayment — amortization type, payment dates, prepayment rules
- Collateral & guaranty — secured/unsecured, collateral description, guarantors
- Covenants — reporting, affirmative, negative, financial thresholds
- Defaults & remedies — cure periods, cross-default threshold, default rate
- Governing law & forum
Document Structure
Fill all [BRACKETED] placeholders. Use exact dates, never relative terms.
1. Title, Date & Parties
| Role | Legal Name | Entity Type | Jurisdiction | Address |
|---|
| Lender | [LENDER] | [ENTITY] | [STATE/COUNTRY] | [ADDRESS] |
| Borrower | [BORROWER] | [ENTITY] | [STATE/COUNTRY] | [ADDRESS] |
| Guarantor | [GUARANTOR] | [ENTITY/INDIVIDUAL] | [STATE/COUNTRY] | [ADDRESS] |
2. Recitals
State loan purpose and use of proceeds. Do not create warranties in recitals.
3. Definitions
Required defined terms: Business Day, Material Adverse Effect, Default, Event of Default, Permitted Liens, Permitted Indebtedness. Add all terms used in economics, covenants, and defaults.
4. Loan & Advances
- Principal in words and figures
- Funding mechanics: single advance or multiple tranches
- Conditions precedent:
| CP Item | Evidence |
|---|
| Organizational authority | Resolutions, incumbency certificates |
| KYC/AML | Beneficial ownership certification |
| Good standing | State certificates |
| Collateral perfection |
