The Revolving Line of Credit Agreement is a crucial financing document used when a business requires flexible access to funding for working capital or other ongoing operational needs. This agreement, structured under Indian law and banking regulations, enables borrowers to draw down funds multiple times up to an approved limit, repay, and reborrow during the facility period. It is particularly valuable for businesses with cyclical cash flows or varying capital requirements. The document includes detailed provisions on facility limits, drawdown mechanics, interest calculations, security arrangements (if applicable), and compliance requirements. It ensures compliance with Indian banking regulations, including Reserve Bank of India guidelines, while providing a clear framework for both lender and borrower in managing the ongoing credit relationship.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies the lender(s) and borrower(s) with their complete legal names and addresses
2. Background: Explains the context and purpose of the credit facility and the parties' intention to enter into the agreement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation
4. The Facility: Details the nature, amount, and purpose of the revolving credit facility
5. Conditions Precedent: Lists conditions that must be satisfied before the facility becomes available
6. Drawdown Mechanics: Specifies procedures, notice requirements, and conditions for drawing down the facility
7. Interest and Fees: Details interest rates, calculation methods, fees, and payment terms
8. Repayment and Prepayment: Specifies repayment terms, prepayment conditions, and related provisions
9. Representations and Warranties: Lists statements of fact and assurances given by the borrower
10. Covenants: Sets out positive and negative obligations of the borrower during the facility period
11. Events of Default: Defines circumstances constituting default and consequences thereof
12. Changes to Parties: Procedures for assignments, transfers, and changes in lending structure
13. Administration: Covers operational aspects like payments, calculations, and notices
14. Governing Law and Jurisdiction: Specifies applicable law and courts having jurisdiction
15. Counterparts and Execution: Explains how the agreement may be executed and number of counterparts
1. Security: Required when the facility is secured; details the security structure and enforcement rights
2. Guarantee: Included when there are guarantors supporting the borrower's obligations
3. Increased Costs and Tax Gross-up: Important for facilities with foreign lenders or cross-border elements
4. Market Disruption: Relevant for facilities with floating interest rates based on market benchmarks
5. Multi-currency Provisions: Required if the facility can be drawn in multiple currencies
6. Agency and Trust: Needed in syndicated facilities with multiple lenders
7. Set-off Rights: Detailed set-off provisions when the lender has deposit accounts of the borrower
8. Force Majeure: Specific provisions for handling unforeseen circumstances affecting the facility
1. Conditions Precedent Documents: Detailed list of documents required before facility availability
2. Form of Drawdown Notice: Template for borrower to request drawdowns
3. Calculation of Interest and Fees: Detailed methodology for calculating interest and various fees
4. Form of Compliance Certificate: Template for periodic compliance reporting by borrower
5. Security Documents: List and copies of security documentation if facility is secured
6. Permitted Security: List of security interests permitted to exist
7. Group Structure: Corporate structure chart of borrower group if relevant
8. Forms of Transfer Documents: Templates for transferring commitments or rights under the facility
Find the exact document you need
Individual Voluntary Credit Agreement
An Indian law-governed agreement establishing voluntary credit terms between a lender and individual borrower, compliant with RBI guidelines and banking regulations.
Download
Deleted Credit Agreement
An Indian law-governed agreement documenting the termination and deletion of a credit facility, including settlement acknowledgments and mutual releases.
Download
Credit Repair Contract
An Indian law-governed agreement between a credit repair service provider and client, outlining credit repair services, obligations, and terms.
Download
Debt Consolidation Agreement
An Indian law-governed agreement that combines multiple existing debts into a single loan with unified terms and conditions, compliant with Indian banking regulations.
Download
Large Credit Agreement
A comprehensive credit facility agreement under Indian law establishing terms for large-scale institutional lending, incorporating local regulatory requirements and security provisions.
Download
Available Amount Credit Agreement
An Indian law-governed credit facility agreement allowing borrowers to draw funds up to a specified limit during an agreed availability period.
Download
Debtor Creditor Supplier Agreement
An Indian law-governed tripartite agreement establishing supply and credit arrangements between supplier, debtor, and creditor, with associated payment and security terms.
Download
Voluntary Surrender Agreement
An Indian legal document facilitating the voluntary surrender of property or asset rights from one party to another, ensuring compliance with local laws and regulations.
Download
Incidental Credit Agreement
An Indian law-governed agreement establishing terms for incidental credit facilities between a credit provider and borrower, addressing ancillary credit arrangements in business relationships.
Download
Application For Credit Facility Letter
An Indian banking document used to formally request and document credit facilities from financial institutions, subject to RBI regulations and banking laws.
Download
Inter Credit Agreement
An Indian law-governed agreement establishing credit facilities between financial institutions, detailing lending terms and regulatory compliance requirements.
Download
Credit Hire Agreement
An Indian law-governed agreement establishing terms for asset hiring with credit payment facilities, combining hire and credit facility provisions.
Download
Retail Installment Credit Agreement
An Indian law-governed agreement establishing terms for retail credit between a financial institution and consumer, compliant with RBI guidelines and consumer protection regulations.
Download
Credit Card Debt Settlement Agreement
An Indian law-governed agreement between a financial institution and debtor for settling outstanding credit card debt, specifying settlement terms and payment conditions.
Download
Credit Card Arbitration Agreement
An Indian law-governed agreement establishing arbitration as the dispute resolution mechanism between credit card issuers and cardholders.
Download
Credit Partner Agreement
An Indian law-governed agreement establishing terms and conditions between a financial institution and credit partner for credit distribution and risk-sharing arrangements.
Download
Business Line Of Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility between a financial institution and a business, outlining borrowing terms and security arrangements.
Download
Secured Line Of Credit Agreement
An Indian law-governed agreement establishing a secured credit facility between lender and borrower, backed by security interests in assets.
Download
Credit Card Settlement Agreement
An Indian law-governed agreement between a credit card issuer and cardholder to settle outstanding credit card debt for a reduced amount.
Download
Unsecured Credit Agreement
An Indian law-governed Unsecured Credit Agreement establishing terms for lending without collateral, compliant with RBI guidelines and banking regulations.
Download
Development Credit Agreement
An Indian law-governed agreement establishing terms and conditions for development financing between funding institutions and implementing agencies.
Download
Cash Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility against current assets security, detailing credit limits, interest rates, and operational terms.
Download
Secured Credit Agreement
An Indian law-governed agreement establishing terms for secured credit facilities, including security arrangements, borrower obligations, and enforcement mechanisms.
Download
Promissory Note Credit Agreement
An Indian law-governed agreement combining a promissory note with credit facility terms, establishing loan obligations and repayment conditions.
Download
General Credit Agreement
An Indian law-governed agreement establishing credit facility terms between lender and borrower, including loan conditions, security arrangements, and regulatory compliance requirements.
Download
Credit Enhancement Agreement
An Indian law-governed agreement providing credit support mechanisms to strengthen financial transactions, detailing enhancement structures and party obligations under Indian regulatory requirements.
Download
Credit Card Responsibility Agreement
An Indian law-governed agreement establishing terms and conditions between credit card issuers and cardholders, aligned with RBI guidelines.
Download
Short Term Credit Agreement
An Indian law-governed agreement establishing terms for short-term credit facilities, compliant with RBI guidelines and banking regulations.
Download
Instalment Credit Agreement
An Indian law-governed agreement establishing terms for credit facility repayment in regular installments, compliant with Indian banking and consumer protection regulations.
Download
Credit Swap Agreement
An Indian law-governed agreement facilitating the transfer of credit risk between financial institutions, subject to RBI and SEBI regulations.
Download
30 Day Credit Agreement
An Indian law-governed agreement establishing terms for a 30-day credit facility, including payment terms, interest, and enforcement provisions.
Download
Credit Service Agreement
An Indian law-governed agreement establishing terms and conditions for credit services between financial institutions and borrowers, ensuring regulatory compliance and protecting all parties' interests.
Download
Standby Credit Agreement
An Indian law-governed agreement establishing terms for a bank-issued standby credit facility, serving as a contingent payment mechanism in business transactions.
Download
Revolving Credit Facility Agreement
An Indian law-governed agreement establishing a revolving credit facility between lender and borrower, detailing terms for multiple drawdowns and repayments within an agreed limit.
Download
Revolving Credit Promissory Note
An Indian law-governed financial instrument combining a promissory note with revolving credit facility features, allowing repeated borrowing up to a set limit with ongoing repayment options.
Download
Letter Of Credit Reimbursement Agreement
An Indian-law governed agreement establishing terms for LC reimbursement between banks, detailing payment obligations and procedures in accordance with RBI guidelines.
Download
Home Equity Agreement
An Indian law-governed agreement allowing property owners to monetize their home equity by sharing future appreciation with an investment company.
Download
Business Credit Agreement
An Indian law-governed agreement establishing terms for business credit facilities between a financial institution and a corporate borrower, including facility terms, security arrangements, and regulatory compliance requirements.
Download
Letter Of Credit Contract
An Indian law-governed banking instrument that provides payment security in international trade transactions through documented commitments between parties under UCP 600 guidelines.
Download
Credit Note Agreement
An Indian law-governed agreement that formalizes the issuance of a credit note between parties, ensuring GST compliance and establishing terms for credit adjustments.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)