Professional Documents
Culture Documents
Draft Loan Agreement
Draft Loan Agreement
Cinerent Arena AG
Credit Line /
Loan Agreement
Investor/Lender
<data_lender>
Bank details <Bank>
<IBAN>
Company/Borrower
Cinerent Arena AG
Mr. Peter Hürlimann, CEO
JSC for the Cinerent Arena Construction
This Credit Line / Loan Agreement, dated as of September 22nd, 2022, summarizes the terms and
conditions of the confirmed transactions in the project Cinerent Arena, project owned by CINER-
ENT ARENA AG and Arena Operations AG.
The credit line / loan agreement is closed by and between <LENDER> (“<LENDER>”), a Company
located and having its registered offices at <ADDRESS_AND_COUNTRY>, represented by
<NAME>, <FUNCTION>, and CINERENT ARENA AG (“CINERENT ARENA”), a Swiss limited lia-
bility company having its registered offices at Ifangstrasse 111, CH-8153 Rümlang/Zürich, repre-
sented by Mr. Peter Hürlimann, CEO (Borrower).
Whereas the project Cinerent Arena requires funding for the financing of the Cinerent Arena project
according to the business plan;
Whereas Cinerent Arena acknowledges that it is not allowed to use the funds for any other type of
business than described in the business plan without prior consent of <LENDER>;
Whereas <LENDER> acknowledges that the Cinerent Arena project includes a hotel project to be
built in front of the Cinerent Arena, and that this project is not part of the business plan;
Whereas Cinerent Arena wishes to borrow from <LENDER>, and <LENDER> wishes to establish a
credit line to CINERENT ARENA AG, with a total amount of up to CHF 300’000’000 (Three Hun-
dred Million Swiss Francs) in the form of a loan.
1.1 The total amount of the loan is equal to up to CHF 300’000’000 (Three Hundred Million
Swiss Francs).
1.2 Payment will be delivered to CINERENT ARENA to the bank account mutually agreed
upon both Parties by at latest November 30th, 2022.
1.3 <LENDER> is under no further obligation to advance any additional funds to CINERENT
ARENA.
1.4 ARENA OPERATIONS will use the funds exclusively to finance the costs related to the
construction and operations until opening of the Cinerent Arena-Building as described in
the business plan as well as the corporate and capital costs of the JSC CINERENT
ARENA AG and Arena Operations AG.
3.1 <LENDER> will provide for a transfer to the bank account of CINERENT ARENA AG the
amount called by the CINERENT ARENA AG in different tranches.
ARENA OPERATIONS will acknowledge receipt of that amount and acknowledge owing
the amounts to <LENDER>, with reference to the present Agreement and by way of a
Promissory Note.
4 INTEREST
4.1 The loan shall bear a rate of interest of x% (X Percent) Per Annum.
4.2 The interest on the loan shall be paid according to the predefined repayment schedule
(see Appendix B) to the bank account indicated by <LENDER>.
5.2 In case of default in the payment of any principal or interest of the Promissory Note ac-
cording to Appendix A, CINERENT ARENA AG will pay to <LENDER> such further
amount as will be sufficient to cover the cost and expenses of collection, including, with-
out limitation, reasonable attorney's fees, expenses, and disbursements. These costs will
be added to the outstanding principal and will become immediately due.
6 REPAYMENT
6.1 <LENDER> may elect to demand repayment with <TERMS> of written notice. Notwith-
standing the foregoing, CINERENT ARENA AG shall not be obligated to repay any part of
the principal amount outstanding before another investor can be found to further finance
the activities of CINERENT ARENA AG.
6.2 CINERENT ARENA AG may repay any part of the outstanding principal at any time with
no prepayment penalty. However, CINERENT ARENA AG shall inform such repayment
to <LENDER> in writing with a 15 day notice for <LENDER>.
7.3 No Conflicts
Neither the execution and delivery of this Agreement nor the consummation by CINER-
ENT ARENA AG of the transactions contemplated hereby will result in a violation of, or a
default under, or conflict with, or require any consent, approval or notice under, any gov-
erning or constitutional document, contract, trust, commitment, agreement, obligation, un-
derstanding, arrangement or restriction of any kind to which CINERENT ARENA AG is a
party or by which CINERENT ARENA AG is bound.
8.1 No Conflicts
Neither the execution and delivery of this Agreement nor the consummation by
<LENDER> the transactions contemplated hereby will result in a violation of, or a default
under, or conflict with, or require any consent, approval or notice under, any governing or
constitutional document, contract, trust, commitment, agreement, obligation, understand-
ing, arrangement or restriction of any kind to which <LENDER> is a party or by which
<LENDER> is bound.
None of the managers of members of CINERENT ARENA AG NOR <LENDER> shall have any
personal liability with respect to this transaction or the operation of the business as described in the
business plan.
10 ATTORNEY’S FEES
11 GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of Switzerland.
The place of jurisdiction is Zurich, Switzerland.
12 FURTHER ASSISTANCE
CINERENT ARENA AG and <LENDER> shall execute and deliver all such other agreements, cer-
tificates, instruments and documents, as the other party may reasonably request in order to carry
out the intent and accomplish the purposes of this Agreement and the consummation of the trans-
actions contemplated hereby.
13.1 All agreements, ancillary agreements, guarantees and amendments to this loan agree-
ment must be in written form.