tiktok���˰�

A Facilities Agreement under Belgian law is the primary document used to establish and govern credit arrangements between lenders and borrowers in Belgium. This sophisticated financing instrument is typically employed when a company requires substantial funding for various corporate purposes, such as working capital, acquisitions, or capital expenditure. The agreement must comply with Belgian financial regulations, civil code requirements, and security interest laws, particularly regarding the creation and perfection of security interests. The document includes detailed provisions on facility terms, conditions precedent, drawdown mechanics, repayment obligations, security arrangements, and covenant packages. It is especially important to consider Belgian-specific requirements regarding security interests, registration requirements, and enforcement mechanisms, as these differ significantly from common law jurisdictions.

1. Parties: Identification of the lender(s), borrower(s), and any guarantors or security providers

2. Background: Context of the facility and purpose of the financing

3. Definitions and Interpretation: Definitions of terms used in the agreement and interpretation rules

4. The Facility: Core terms of the facility including amount, purpose, and availability

5. Conditions Precedent: Conditions that must be satisfied before drawdown

6. Drawdown: Procedures and requirements for utilizing the facility

7. Repayment: Terms for repayment of the facility

8. Prepayment and Cancellation: Voluntary and mandatory prepayment provisions

9. Interest: Interest calculation, periods, and payment provisions

10. Fees: All fees payable under the facility

11. Tax Gross Up and Indemnities: Tax-related provisions and indemnities

12. Increased Costs: Provisions dealing with changes in costs of providing the facility

13. Representations and Warranties: Borrower's representations and warranties

14. Information Undertakings: Obligations to provide financial and other information

15. General Undertakings: General covenants of the borrower

16. Events of Default: Circumstances constituting default and consequences

17. Changes to Parties: Transfer and assignment provisions

18. Payment Mechanics: Administrative provisions regarding payments

19. Set-off: Rights of set-off between parties

20. Notices: Communication procedures between parties

21. Calculations and Certificates: Provisions regarding calculations and evidence

22. Amendments and Waivers: Procedures for modifying the agreement

23. Governing Law and Enforcement: Choice of law and jurisdiction provisions