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This Revolving Credit Agreement is a crucial financing document used in the Malaysian market when a borrower requires flexible access to credit that can be drawn down, repaid, and re-borrowed as needed. The agreement complies with Malaysian banking regulations, including the Financial Services Act 2013 and Bank Negara Malaysia guidelines, and can be structured for both conventional and Islamic banking arrangements. It's particularly useful for businesses with fluctuating capital needs or seasonal business cycles, providing more flexibility than a term loan. The document contains comprehensive provisions covering facility terms, security arrangements (if applicable), financial covenants, and reporting requirements, while incorporating Malaysian legal and regulatory requirements.

1. Parties: Identification of the lender and borrower with full legal names and registration details

2. Background: Context of the agreement and brief description of the facility being provided

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

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

5. Conditions Precedent: Documents and conditions that must be satisfied before the facility can be utilized

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

7. Interest and Fees: Interest rate, calculation method, payment dates, and applicable fees

8. Repayment and Prepayment: Terms for repayment, prepayment options, and consequences

9. Representations and Warranties: Statements of fact and assurances given by the borrower

10. Covenants: Positive and negative undertakings of the borrower

11. Events of Default: Circumstances that constitute default and consequences thereof

12. Changes to Parties: Rules regarding assignment and transfer of rights and obligations

13. Administration: Administrative provisions including notices and calculations

14. Governing Law and Jurisdiction: Choice of Malaysian law and jurisdiction for disputes

15. Execution: Signature blocks and execution formalities