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The Revolving Credit Agreement serves as the primary document for establishing flexible financing arrangements in Indonesia, commonly used by companies seeking working capital or ongoing operational funding. This document type must comply with Indonesian banking regulations, particularly Law No. 7 of 1992 on Banking (as amended) and relevant OJK regulations. It's essential when businesses need the flexibility to draw down and repay funds multiple times within a set facility limit, unlike term loans which provide a one-time disbursement. The agreement includes detailed provisions for utilization mechanics, interest calculations (typically based on JIBOR), security arrangements if applicable, and specific Indonesian law requirements regarding corporate authority, security creation, and enforcement. It's particularly relevant for businesses with cyclical cash flows or seasonal working capital needs.

1. Parties: Identification of the lender(s) and borrower(s) with their complete legal names and addresses

2. Background: Context of the revolving credit facility and purpose of the agreement

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

4. The Facility: Details of the revolving credit facility including amount, purpose, and availability period

5. Conditions Precedent: Conditions that must be satisfied before initial utilization and subsequent drawdowns

6. Utilization: Procedures and requirements for drawing down the facility, including notice requirements

7. Repayment and Prepayment: Terms for regular repayments and voluntary/mandatory prepayment provisions

8. Interest: Interest calculation, periods, payment dates, and default interest provisions

9. Fees: All applicable fees including commitment fee, arrangement fee, and other charges

10. Tax Provisions: Tax-related obligations and gross-up provisions

11. Increased Costs and Illegality: Provisions for dealing with changes in law or circumstances affecting the facility

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

13. Information Undertakings: Borrower's obligations to provide financial and other information

14. General Undertakings: Borrower's positive and negative covenants

15. Events of Default: Circumstances constituting default and consequences

16. Changes to Parties: Rules for assignments and transfers

17. Administration: Administrative provisions including calculations and notices

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