Best Practices Series

Series 3   Best Practices in Drafting Techniques of a Loan Agreement   by Dr. Vinod Agarwal Published: October 2002 (29 pages, 205 kb, Adobe Acrobat 4 format) Table of Contents Introductory Note Best Practices in Drafting Techniques of a Loan Agreement Important steps for drafting Loan Agreement Understanding International Loan Agreement v. Domestic Loan Agreement The Project Lending Institution The Borrower Applicable Law Existing Loan Agreements Existing Loan Agreements with the same Lender Existing Loan Agreements with other Lending Institutions Contents Drafting of Clauses Words and Expressions Precision Visualization Potential Danger Areas Absolute Discretion Absolute Terms Contents Author's Profile This publication was prepared following a Regional Workshop on 'Drafting Specific Clauses of Loan Agreements for West Africa' organized jointly by the United Nations Institute for Training and Research (UNITAR) and West African Institute for Financial and Economic Management (WAIFEM) and held in Freetown, Sierra Leone from 15 to 19 April, 2002. This is not an exhaustive list of 'Best Practices' but only an illustrative description.

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