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Unregulated Credit Agreement
"I need an Unregulated Credit Agreement under Belgian law for a €5 million working capital facility between our manufacturing company as borrower and a private investment firm as lender, with quarterly repayments over 3 years starting March 2025."
1. Parties: Identification and details of the lender and borrower
2. Background: Context of the credit arrangement and relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. The Credit Facility: Details of the credit amount, purpose, and availability
5. Drawdown: Conditions and procedures for accessing the credit
6. Interest: Interest rate, calculation method, and payment terms
7. Repayment: Repayment schedule, methods, and prepayment provisions
8. Representations and Warranties: Statements of fact and assurances from the borrower
9. Borrower Covenants: Ongoing obligations and restrictions on the borrower
10. Events of Default: Circumstances constituting default and consequences
11. Indemnities: Borrower's obligations to compensate lender for specified losses
12. Changes to Parties: Rules regarding assignment and transfer of rights
13. Notices: Communication requirements and contact details
14. Calculations and Certificates: Rules for financial calculations and certifications
15. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction
16. Execution: Signature blocks and execution requirements
1. Security: Include when the credit facility is secured by collateral or guarantees
2. Insurance Requirements: Include when specific insurance coverage is required for the credit
3. Interest Rate Hedging: Include when interest rate hedging arrangements are part of the facility
4. Multiple Borrowers: Include when there are multiple borrowers or joint liability provisions
5. Tax Gross-Up and Indemnities: Include when tax implications need specific attention
6. Currency Provisions: Include when the facility involves multiple currencies
7. Electronic Execution: Include when the agreement may be executed electronically
8. Data Protection: Include detailed GDPR compliance provisions when personal data processing is extensive
1. Conditions Precedent: List of documents and conditions required before drawdown
2. Form of Drawdown Request: Template for borrower to request credit disbursement
3. Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Calculation of Interest Rate: Detailed methodology for interest calculation
5. Form of Transfer Certificate: Template for transferring rights under the agreement
6. Security Details: Detailed description of any security or collateral (if applicable)
7. Contact Details: Comprehensive contact information for all parties
8. Fee Schedule: Detailed breakdown of all applicable fees and charges
Authors
Availability Period
Business Day
Closing Date
Commitment
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Effective Date
Event of Default
Facility
Final Maturity Date
Finance Documents
Financial Indebtedness
Group
Interest Payment Date
Interest Period
Interest Rate
Legal Reservation
Lender
Material Adverse Effect
Outstanding Amount
Party
Permitted Security
Potential Default
Prepayment Amount
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Interest
Signing Date
Subsidiary
Tax
Transfer
Transfer Date
Unpaid Sum
Working Capital
Credit Facility
Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Prepayment
Fees
Tax Gross-Up
Increased Costs
Representations
Warranties
Information Undertakings
General Undertakings
Financial Covenants
Events of Default
Security
Set-off
Assignment
Transfer
Amendments
Confidentiality
Data Protection
Notices
Calculations
Severability
Counterparts
Force Majeure
Governing Law
Jurisdiction
Waiver
Indemnification
Third Party Rights
Electronic Execution
Financial Services
Manufacturing
Real Estate
Technology
Energy
Infrastructure
Professional Services
Healthcare
Retail
Telecommunications
Agriculture
Transportation
Construction
Legal
Finance
Treasury
Risk Management
Compliance
Commercial
Credit Control
Corporate Secretariat
Business Development
Senior Management
Chief Financial Officer
Finance Director
Treasury Manager
Corporate Lawyer
Legal Counsel
Risk Manager
Credit Manager
Commercial Director
Business Development Manager
Compliance Officer
Contract Manager
Financial Controller
Corporate Secretary
Managing Director
Finance Manager
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