Revolving Loan Agreement Template for Austria

This Revolving Loan Agreement template is designed for use under Austrian law when establishing a flexible credit facility where a borrower needs recurring access to funds. The document incorporates all necessary provisions required by Austrian banking regulations and civil law, including mandatory consumer protection provisions where applicable. It is particularly suitable for working capital financing, ongoing operational needs, or project financing requiring periodic drawdowns. The agreement details the revolving nature of the facility, allowing the borrower to draw down, repay, and re-borrow funds up to an agreed maximum amount during the facility period, subject to compliance with specified conditions. The document includes comprehensive provisions addressing facility mechanics, security arrangements (if applicable), regulatory compliance, and risk allocation between parties.

1. Parties: Identifies and defines the Lender, Borrower, and any other parties to the agreement

2. Background: Sets out the context and purpose of the revolving loan facility

3. Definitions and Interpretation: Defines key terms and establishes interpretation principles

4. The Facility: Details the nature, amount, and purpose of the revolving loan facility

5. Conditions Precedent: Specifies conditions that must be satisfied before initial and subsequent drawdowns

6. Utilisation: Sets out the drawdown mechanics, notice requirements, and availability period

7. Repayment and Prepayment: Details repayment terms, prepayment rights and obligations

8. Interest: Specifies interest rates, calculation periods, and payment dates

9. Fees: Details commitment fees, arrangement fees, and other applicable charges

10. Tax Gross Up and Indemnities: Addresses tax-related obligations and indemnifications

11. Increased Costs: Provisions for dealing with changes in law or regulations affecting the lender's costs

12. Representations and Warranties: Sets out the borrower's representations and warranties

13. Information Undertakings: Specifies ongoing information and reporting requirements

14. General Undertakings: Details the borrower's general operational and financial covenants

15. Events of Default: Lists circumstances constituting default and their consequences

16. Changes to Parties: Provisions regarding assignment and transfer rights

17. Payment Mechanics: Details payment procedures, currencies, and set-off rights

18. Notices: Specifies how formal communications between parties should be made

19. Calculations and Certificates: Establishes principles for calculations and evidential value of certificates

20. Governing Law and Jurisdiction: Specifies Austrian law as governing law and jurisdiction for disputes