Document background
A Line of Credit Agreement is essential for establishing flexible borrowing arrangements where funds can be drawn down and repaid multiple times within an agreed limit. This document, governed by Belgian law, is typically used when a business or individual requires ongoing access to credit for working capital, business expansion, or other financing needs. The agreement details crucial elements including the credit limit, interest calculation methods, drawdown mechanics, repayment terms, and security requirements. It incorporates specific Belgian regulatory requirements, including compliance with the Belgian Civil Code, Banking Law, and Financial Collateral Law. The document can be adapted for various scenarios, from simple bilateral arrangements to complex syndicated facilities, and includes necessary consumer protections when used for individual borrowers.
