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1. Parties: Identification of the Lender (Payee) and Borrower (Maker) with full legal names and addresses
2. Background: Brief context of the revolving credit arrangement and relationship between the parties
3. Definitions: Key terms including 'Principal Amount', 'Credit Limit', 'Interest Rate', 'Payment Date', 'Event of Default', etc.
4. Promise to Pay: Unconditional promise to pay the principal and interest, specifying the revolving nature of the facility
5. Credit Limit: Maximum amount that can be borrowed under the revolving facility
6. Interest Rate: Interest rate(s) applicable to outstanding amounts, calculation method, and payment frequency
7. Drawdown Provisions: Terms and conditions for requesting and receiving advances under the note
8. Repayment Terms: Details of payment obligations, including minimum payments and repayment schedule
9. Events of Default: Circumstances that constitute default and consequences thereof
10. Remedies: Rights and remedies of the lender upon occurrence of an event of default
11. Governing Law: Specification of Canadian law and applicable jurisdiction
1. Security: Include when the note is secured by collateral or personal property
2. Guarantees: Include when there are third-party guarantors for the note
3. Prepayment Rights: Include when specific prepayment privileges or penalties apply
4. Representations and Warranties: Include for complex commercial arrangements or high-value notes
5. Conditions Precedent: Include when advances are subject to specific conditions being met
6. Notice Provisions: Include when specific notice requirements for drawdowns or other actions are needed
7. Assignment Rights: Include when transfer or assignment of the note needs to be addressed
8. Tax Provisions: Include when tax implications need to be specifically addressed
1. Schedule A - Drawdown Request Form: Standard form for requesting advances under the note
2. Schedule B - Repayment Schedule: Detailed payment schedule if complex payment terms apply
3. Schedule C - Security Details: Description of any collateral or security interests if applicable
4. Schedule D - Calculation of Interest: Detailed methodology for interest calculation if complex
5. Appendix 1 - Compliance Certificate: Form for periodic confirmation of compliance with note terms if required
Applicable Interest Rate
Available Credit
Banking Day
Borrower
Business Day
Credit Limit
Default Interest Rate
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Due Date
Event of Default
Facility
Governing Law
Interest Payment Date
Interest Period
Interest Rate
Lender
Maturity Date
Maximum Credit Amount
Outstanding Balance
Payment Date
Permitted Purpose
Principal Amount
Repayment Date
Repayment Schedule
Required Notice Period
Security
Security Documents
Termination Date
Unused Facility
Promise to Pay
Interest
Drawdown Rights
Repayment Terms
Security
Representations and Warranties
Covenants
Events of Default
Remedies
Assignment
Notice
Governing Law
Severability
Amendment
Waiver
Set-Off Rights
Currency
Counterparts
Entire Agreement
Further Assurance
Time of Essence
Acceleration
Prepayment
Registration
Guarantees
Subordination
Survival
Banking and Financial Services
Commercial Lending
Private Lending
Small Business
Real Estate
Manufacturing
Retail
Construction
Professional Services
Technology
Agriculture
Legal
Finance
Treasury
Credit and Collections
Risk Management
Compliance
Corporate Secretariat
Commercial Banking
Business Development
Accounting
Chief Financial Officer
Finance Director
Treasury Manager
Corporate Lawyer
Legal Counsel
Credit Manager
Financial Controller
Lending Officer
Commercial Banking Manager
Risk Manager
Corporate Secretary
Business Development Manager
Account Manager
Financial Analyst
Compliance Officer
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