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The Revolving Credit Agreement is essential for businesses seeking flexible financing solutions in the United States. This document establishes a credit facility where borrowers can draw down funds as needed, repay them, and borrow again up to an agreed maximum. It's particularly useful for managing working capital, seasonal fluctuations, or ongoing operational needs. The agreement must comply with U.S. federal banking regulations, state-specific lending laws, and includes comprehensive terms covering facility usage, interest calculation, security arrangements, and borrower obligations.

1. Parties: Identifies the lender(s) and borrower(s), including full legal names and addresses

2. Background/Recitals: Sets out the context and purpose of the revolving credit facility

3. Definitions: Defines key terms used throughout the agreement

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

5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available

6. Drawdown Mechanics: Procedures for requesting and making drawdowns

7. Interest and Fees: Interest rates, calculation methods, and applicable fees

8. Repayment Terms: Terms for repayment including scheduling and prepayment provisions

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

10. Covenants: Ongoing obligations of the borrower during the facility period