Unregulated Credit Agreement Template for Belgium

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Key Requirements PROMPT example:

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."

Document background
This Unregulated Credit Agreement template is specifically designed for use in commercial lending transactions under Belgian law where the credit arrangement falls outside the scope of regulated lending activities. It is typically used for business-to-business lending, corporate financing, or sophisticated commercial transactions where parties have significant negotiating power and financial expertise. The document includes comprehensive provisions for credit facility terms, drawdown mechanisms, repayment structures, and security arrangements, while ensuring compliance with Belgian civil law and commercial practices. This template is particularly valuable for situations where parties require flexibility in structuring their credit arrangements while maintaining legal certainty under Belgian jurisdiction.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Financial Services

Manufacturing

Real Estate

Technology

Energy

Infrastructure

Professional Services

Healthcare

Retail

Telecommunications

Agriculture

Transportation

Construction

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Commercial

Credit Control

Corporate Secretariat

Business Development

Senior Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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