tiktok���˰�

The Financial Assistance Agreement is a crucial document used in the UAE financial sector when a financial institution provides funding or credit facilities to a borrower. It serves as the primary legal framework governing the financial relationship between the parties, detailing all aspects of the facility from disbursement to repayment. The agreement must comply with UAE federal laws, including UAE Central Bank regulations, the Civil Code, and Commercial Transactions Law. It can be structured to accommodate both conventional and Islamic finance principles, making it versatile for various financing needs. The document is particularly important in the UAE market where large-scale development projects and business expansion often require significant financial support. It includes comprehensive provisions for security, representations, covenants, and events of default, tailored to meet UAE legal requirements and market practices.

1. Parties: Identification of the financial institution providing assistance and the recipient, including full legal names and addresses

2. Background: Context of the financial assistance, purpose, and relationship between parties

3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and interpretation rules

4. Facility Amount and Purpose: Specification of the financial assistance amount, type, and permitted uses

5. Conditions Precedent: Prerequisites that must be satisfied before the facility becomes available

6. Disbursement Mechanics: Procedures and requirements for drawing down the facility

7. Repayment Terms: Schedule, method, and currency of repayments

8. Interest and Fees: Interest calculation, payment dates, default interest, and associated fees

9. Representations and Warranties: Statements of fact and assurances given by the recipient

10. Covenants: Ongoing obligations of the recipient during the facility period

11. Events of Default: Circumstances that trigger default and lender's remedies

12. Security: Details of any security or guarantees provided

13. Payments and Calculations: Payment mechanics, business day conventions, and calculation methods

14. Changes to Parties: Rules regarding assignment and transfer rights

15. Notices: Communication requirements and contact details

16. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions