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The Revolving Line of Credit Promissory Note is a fundamental financing document used in Indonesian banking transactions to establish a flexible borrowing arrangement. This document is typically used when a borrower requires ongoing access to credit with the ability to draw down and repay funds multiple times within a specified limit. It combines the formal requirements of a promissory note under Indonesian law with the operational flexibility of a revolving credit facility. The document is structured to comply with Indonesian banking regulations, particularly Law No. 7 of 1992 on Banking (as amended) and relevant OJK regulations. It's commonly used for working capital financing, business expansion, or ongoing operational needs, providing businesses with a reliable source of renewable credit while giving lenders appropriate security and enforcement mechanisms.

1. Parties: Identifies the Lender and Borrower with their complete legal names, addresses, and registration numbers

2. Background: Brief context of the credit facility arrangement and the purpose of the promissory note

3. Definitions: Defines key terms used throughout the document including 'Credit Facility', 'Interest Rate', 'Drawdown', and 'Maturity Date'

4. Credit Facility Amount: Specifies the maximum principal amount of the revolving credit facility

5. Interest Rate and Calculation: Details the applicable interest rate, calculation method, and payment frequency

6. Drawdown Mechanics: Explains the process and conditions for drawing down funds from the credit facility

7. Repayment Terms: Outlines the repayment obligations, including minimum payments and revolving nature of the facility

8. Events of Default: Lists circumstances that constitute default and the consequences thereof

9. Representations and Warranties: Standard declarations by the Borrower regarding their legal capacity and financial condition

10. Governing Law and Jurisdiction: Specifies Indonesian law as governing law and defines jurisdiction for disputes