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This Revolving Credit Contract is designed for use in South Africa where a credit provider wishes to establish a flexible lending arrangement with a borrower. The document is structured to comply with the requirements of the National Credit Act 34 of 2005, the Consumer Protection Act, and other relevant South African legislation. It is suitable for both corporate and individual borrowing arrangements, providing a framework for ongoing credit access up to a predetermined limit. The agreement includes mandatory consumer protection provisions, credit cost limitations, and disclosure requirements specific to South African law. This type of contract is commonly used for business working capital needs, personal credit facilities, and corporate credit lines, offering the flexibility of repeated borrowing and repayment within the facility limits.

1. Parties: Identifies the credit provider and borrower with their full legal names, registration numbers, and addresses

2. Background: Explains the context of the agreement and the parties' intention to enter into a revolving credit facility

3. Definitions and Interpretation: Defines key terms used in the agreement and sets out interpretation rules

4. The Facility: Details the nature, amount, and terms of the revolving credit facility

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

6. Drawdown Procedures: Specifies how and when the borrower can access the facility

7. Interest and Fees: Details the interest rate, calculation method, and applicable fees as per NCA requirements

8. Repayment Terms: Specifies repayment obligations, minimum payments, and payment procedures

9. Representations and Warranties: Sets out the borrower's confirmations regarding their status and capacity

10. Borrower Covenants: Lists ongoing obligations of the borrower during the facility term

11. Events of Default: Defines circumstances constituting default and consequences

12. Termination: Specifies how and when the agreement can be terminated

13. General Provisions: Includes standard clauses on notices, amendments, governing law, etc.