Document background
The Credit Facility Agreement is a fundamental financing document used when a company or entity seeks to obtain credit from a financial institution in Belgium. It serves as the primary contract governing the lending relationship, detailing all aspects of the credit facility including the amount, purpose, availability period, interest calculations, repayment terms, and security structure. The agreement must comply with Belgian financial regulations, including the Belgian Code of Economic Law and relevant EU banking directives. It is particularly important in corporate financing transactions, project finance, and general corporate lending, providing legal certainty and clarity regarding the rights and obligations of all parties involved. The document typically includes specific Belgian law provisions regarding security interests, enforcement mechanisms, and regulatory requirements unique to the Belgian jurisdiction.
