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The Revolving Promissory Note is a specialized financial instrument used in Malaysian commercial transactions where businesses require flexible access to credit. It serves as both a debt instrument and a revolving facility, allowing borrowers to draw down funds multiple times up to a predetermined limit, with the credit becoming available again as repayments are made. This document type is particularly useful for businesses with cyclical cash flow needs or ongoing working capital requirements. The instrument must comply with Malaysian law, particularly the Bills of Exchange Act 1949, the Financial Services Act 2013, and related regulations. It typically includes comprehensive terms covering the credit facility, interest calculations, repayment mechanisms, and security arrangements if applicable.

1. Parties: Identification of the maker (promisor) and the payee (promisee) of the promissory note

2. Background: Context of the revolving credit arrangement and relationship between the parties

3. Definitions: Key terms including 'Facility Limit', 'Drawing Period', 'Interest Rate', and other relevant definitions

4. Promise to Pay: Unconditional promise to pay the principal sum and interest, including the revolving nature of the facility

5. Facility Terms: Details of the revolving facility including credit limit, availability period, and drawing mechanisms

6. Interest: Interest rate, calculation method, payment frequency, and default interest provisions

7. Repayment Terms: Repayment schedule, minimum payments, and mechanism for revolving credit availability

8. Events of Default: Circumstances that trigger default and consequences thereof

9. Representations and Warranties: Standard declarations by the maker regarding capacity and authority

10. Execution: Signature blocks and attestation requirements