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Revolving Line Of Credit Agreement Template
"I need a Revolving Line of Credit Agreement Template for my manufacturing business in Australia, with a credit limit of AUD 2 million, including specific provisions for equipment purchase and seasonal inventory financing, and security arrangements over business assets."
1. Parties: Identification of the lender and borrower with full legal names and details
2. Background: Context of the agreement and purpose of the credit facility
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Details of the credit facility including limit, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Drawdown: Processes and requirements for drawing down the facility
7. Interest and Fees: Interest calculation, rates, payment periods, and applicable fees
8. Repayment: Terms for repayment including minimum payments and prepayment provisions
9. Representations and Warranties: Statements of fact and assurances given by the borrower
10. Undertakings: Ongoing obligations of the borrower during the facility term
11. Events of Default: Circumstances constituting default and consequences
12. Security: Details of any security arrangements supporting the facility
13. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Guarantor Provisions: Required when the facility is guaranteed by a third party
2. Multiple Borrowers: Required when there are multiple borrowers with joint and several liability
3. Review Events: Used when specific events trigger a review of the facility
4. Market Disruption: Provisions for handling market disruption events affecting interest rates
5. Increased Costs: Provisions for passing on increased costs due to regulatory changes
6. Financial Covenants: Required for business borrowers with specific financial performance requirements
7. Special Drawing Conditions: Used when specific conditions apply to certain types of drawings
8. Cross-Default: Required when default under other facilities affects this agreement
1. Facility Details: Specific terms of the facility including limit, interest rates, and fees
2. Drawing Notice: Form of notice required for drawdown requests
3. Conditions Precedent Documents: List of required documents and conditions to be satisfied
4. Security Documents: Details of security arrangements and related documentation
5. Compliance Certificate: Form for periodic compliance certification
6. Financial Covenants Calculations: Formulas and methods for calculating financial covenants
7. Fee Schedule: Detailed breakdown of all applicable fees and charges
8. Privacy Notice and Consent: Required privacy disclosures and consent forms under Australian law
Authors
Banking and Financial Services
Manufacturing
Retail
Construction
Technology
Healthcare
Agriculture
Mining
Transport and Logistics
Professional Services
Real Estate
Hospitality
Legal
Finance
Treasury
Credit and Risk
Compliance
Operations
Business Development
Corporate Banking
Commercial Lending
Account Management
Chief Financial Officer
Finance Director
Treasury Manager
Credit Manager
Financial Controller
Legal Counsel
Compliance Officer
Risk Manager
Banking Relationship Manager
Credit Analyst
Corporate Lawyer
Business Development Manager
Account Manager
Operations Manager
Finance Manager
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