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1. Parties: Identification of the Issuing Bank (as Agent), Participating Banks, and Applicant
2. Background: Context of the syndicated facility and purpose of the letter of credit arrangement
3. Definitions: Key terms including Banking Day, Commitment Percentages, L/C Amount, Syndicate Share, etc.
4. Appointment of Agent Bank: Terms of appointment and authority of the Agent Bank to act on behalf of the syndicate
5. Syndicate Participation: Terms governing the participation shares and commitments of syndicate members
6. Letter of Credit Terms: Core terms including amount, beneficiary, expiry, and governing rules (UCP 600)
7. Conditions Precedent: Requirements to be met before L/C issuance
8. Fees and Costs: Structure of fees, including fronting fees, commitment fees, and cost allocation
9. Payment Mechanics: Procedures for payments between syndicate members and reimbursement arrangements
10. Risk Participation: Terms of risk sharing among syndicate members
11. Communications: Procedures for notices and communications among parties
12. Governing Law and Jurisdiction: Confirmation of German law governance and jurisdiction provisions
1. Security Arrangements: Required if the L/C is secured by collateral or guarantees
2. Transfer Provisions: Include if syndicate members may transfer their participations
3. Sanctions Compliance: Required for international trade transactions involving sensitive jurisdictions
4. Market Disruption: Include for longer-term L/Cs to address market disruption events
5. Tax Gross-up: Required if cross-border payments subject to withholding tax
6. Increased Costs: Include if regulatory changes might affect costs during L/C term
1. Schedule 1 - Commitment Percentages: Details of each syndicate member's participation percentage
2. Schedule 2 - Form of L/C: Template of the letter of credit to be issued
3. Schedule 3 - Conditions Precedent Documents: List of required documents prior to issuance
4. Schedule 4 - Fee Schedule: Detailed breakdown of all applicable fees
5. Schedule 5 - Administrative Details: Contact details and account information for all parties
6. Schedule 6 - Form of Transfer Certificate: Template for transferring syndicate participations
7. Appendix A - Communication Procedures: Detailed SWIFT and other communication protocols
8. Appendix B - Operational Procedures: Step-by-step procedures for L/C administration
Applicant
Banking Day
Beneficiary
Commitment
Commitment Percentage
Defaulting Bank
Drawing
Effective Date
Event of Default
Facility Period
Fee Letter
Finance Documents
L/C Amount
Letter of Credit
Majority Banks
Participation
Payment Date
Qualifying Bank
Reference Banks
Reimbursement Claim
Sanctioned Country
Security Documents
Syndicate Account
Syndicate Members
Syndicate Share
Transfer Certificate
UCP 600
Unutilized Commitment
Upfront Fee
Utilization Date
Utilization Request
Banking License
Increased Costs
Interest Period
Market Disruption Event
Material Adverse Effect
Permitted Transfer
Pro Rata Share
Regulatory Requirement
Signing Date
SWIFT Message
Tax Deduction
Total Commitments
Authority
Syndicate Participation
Risk Sharing
Payment Obligations
Fees
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Agency Provisions
Transfer and Assignment
Confidentiality
Communications
Amendments
Set-off
Pro Rata Sharing
Indemnification
Tax
Increased Costs
Market Disruption
Force Majeure
Sanctions Compliance
Anti-Money Laundering
Data Protection
Notice Requirements
Severability
Governing Law
Jurisdiction
Dispute Resolution
Entire Agreement
Counterparts
Banking & Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Energy
Infrastructure
Shipping & Maritime
Construction
Agriculture
Legal
Trade Finance
Credit Risk
Compliance
Banking Operations
Treasury
Syndications
Documentary Credits
Transaction Banking
International Banking
Trade Finance Manager
Syndications Director
Legal Counsel
Compliance Officer
Credit Risk Manager
Documentary Credits Specialist
Relationship Manager
Treasury Manager
Transaction Banking Officer
Structured Finance Director
Banking Operations Manager
Chief Credit Officer
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