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Revolving Credit Loan Agreement
I need a Revolving Credit Loan Agreement under Danish law for a 鈧50 million facility between Nordic Bank A/S as lender and TechGrowth Denmark ApS as borrower, with the facility being unsecured but including financial covenants and quarterly testing.
1. Parties: Identification of the lender and borrower, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and the parties' intention to enter into a revolving credit facility
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. The Facility: Details of the revolving credit facility, including the total commitment amount and purpose
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Utilization: Process and requirements for drawing down the facility, including notice requirements
7. Repayment and Prepayment: Terms for repayment of drawn amounts and voluntary prepayment provisions
8. Interest: Interest rate calculation, payment periods, and default interest provisions
9. Fees: All applicable fees including commitment fee, arrangement fee, and any other charges
10. Tax Provisions: Tax-related obligations and gross-up provisions
11. Representations and Warranties: Statements of fact and assurances given by the borrower
12. Information Undertakings: Borrower's obligations to provide financial and other information
13. General Undertakings: Borrower's general operational and financial covenants
14. Events of Default: Circumstances that would trigger default and lender's remedies
15. Changes to Parties: Provisions regarding assignment and transfer rights
16. Administration: Administrative aspects including calculations, notices, and communication
17. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction provisions
18. Execution: Signature blocks and execution formalities
1. Security: Required if the facility is secured, detailing the security package and enforcement rights
2. Guarantee: Required if there are guarantors supporting the borrower's obligations
3. Financial Covenants: Include if specific financial ratios or tests are required to be maintained
4. Increased Costs and Market Disruption: Include for larger facilities or where the lender requires protection against regulatory changes
5. Set-off Rights: Include if specific set-off provisions are required beyond statutory rights
6. Multiple Currencies: Required if the facility can be drawn in multiple currencies
7. Anti-corruption and Sanctions: Include for international borrowers or where required by lender's compliance
8. Break Costs: Include if applicable for fixed rate portions or CIBOR-based facilities
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Utilization Request: Standard form for drawing down the facility
3. Form of Compliance Certificate: Template for periodic compliance certification
4. Calculation of Interest and Fees: Detailed methodology for calculating interest and fees
5. Repayment Schedule: If applicable, schedule of any mandatory repayment dates
6. Form of Transfer Certificate: Standard form for transferring commitments between lenders
7. Contact Details: List of administrative contacts for both parties
Authors
Banking & Financial Services
Corporate Lending
Manufacturing
Retail
Real Estate
Technology
Healthcare
Energy
Infrastructure
Transportation
Telecommunications
Professional Services
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Banking
Loan Operations
Transaction Management
Risk Management
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Relationship Manager
Credit Officer
Risk Manager
Compliance Officer
Banking Operations Manager
Corporate Banking Director
Loan Administrator
Transaction Manager
Financial Controller
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