Credit Facilities Agreement Template for Hong Kong

1. Parties: Identification of lender(s) and borrower(s) with full legal names and addresses

2. Background: Brief context of the facility arrangement and purpose

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules

4. The Facilities: Details of the credit facilities being provided, including types, amounts, and purpose

5. Conditions Precedent: Prerequisites that must be satisfied before the facility can be drawn

6. Drawdown: Procedures and requirements for drawing down the facilities

7. Interest: Interest rates, calculation methods, and payment terms

8. Repayment: Terms and schedule for repayment of the facilities

9. Fees and Expenses: All fees, costs, and expenses payable under the facility

10. Representations and Warranties: Standard representations and warranties given by the borrower

11. Covenants: Positive and negative undertakings of the borrower

12. Events of Default: Circumstances constituting default and consequences

13. Changes to Parties: Provisions regarding assignment and transfer rights

14. Payments: Payment mechanics, currency, and set-off rights

15. Notices: Communication requirements and contact details

16. General Provisions: Miscellaneous legal provisions including amendments, waivers, severability

17. Governing Law and Jurisdiction: Hong Kong law as governing law and jurisdiction provisions

1. Facility Terms: Detailed commercial terms including facility limits, interest rates, fees, and repayment schedule

2. Conditions Precedent Documents: List of required documents and conditions to be satisfied before drawdown

3. Form of Drawdown Request: Standard form for borrower to request drawdown of facilities

4. Form of Compliance Certificate: Template for periodic compliance certification by borrower

5. Security Documents: List and copies of security documents if facility is secured

6. Repayment Schedule: Detailed amortization schedule if term loan

7. Fee Schedule: Detailed breakdown of all fees and charges

8. Form of Transfer Certificate: Standard form for transfer of participation in the facility

9. Contact Details: Complete contact information for all parties and their authorized representatives