The Evergreen Loan Agreement serves as a crucial financing instrument in the Hong Kong market, designed for situations where parties require a long-term, flexible lending arrangement with automatic renewal features. This document type is particularly valuable for ongoing business relationships where consistent access to credit is essential. It provides detailed terms for facility renewal, drawdown mechanisms, interest calculations, and repayment structures, while incorporating necessary safeguards and compliance measures required under Hong Kong law. The agreement is structured to comply with Hong Kong banking regulations, including the Money Lenders Ordinance and Banking Ordinance, making it suitable for both financial institutions and corporate borrowers seeking sustainable financing solutions. The evergreen nature of the facility distinguishes it from standard term loans, requiring specific provisions for renewal periods, termination rights, and ongoing compliance monitoring.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identification of the lender and borrower with their full legal names, registration details, and addresses
2. Background: Context of the loan facility, relationship between parties, and purpose of the evergreen facility
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement, including specific definitions related to the evergreen nature of the facility
4. The Facility: Details of the loan facility including amount, purpose, evergreen nature, and renewal mechanisms
5. Conditions Precedent: Prerequisites that must be satisfied before the facility becomes available and for subsequent drawings
6. Drawdown Mechanics: Procedures and requirements for drawing down the loan, including notice requirements and drawdown periods
7. Interest and Fees: Interest calculation method, payment dates, default interest, and all applicable fees
8. Repayment and Prepayment: Terms for repayment, prepayment provisions, and mechanics of the revolving facility
9. Evergreen Renewal Provisions: Specific terms governing the automatic renewal of the facility, including conditions and termination rights
10. Representations and Warranties: Standard and specific representations and warranties given by the borrower
11. Covenants: Positive and negative undertakings of the borrower, including financial covenants
12. Events of Default: Circumstances constituting default and consequences thereof
13. Changes to Parties: Provisions regarding assignment, transfer, and succession
14. Payments and Calculations: Payment mechanics, business day conventions, and calculation principles
15. Notices: Communication procedures between parties
16. General Provisions: Miscellaneous legal provisions including severability, amendments, and counterparts
17. Governing Law and Jurisdiction: Hong Kong law as governing law and jurisdiction provisions
1. Security: Required if the loan is secured - details of security arrangements and enforcement rights
2. Guarantee: Required if there is a guarantor - terms of guarantee and guarantor obligations
3. Tax Gross Up and Indemnities: Detailed tax provisions required for cross-border lending or if tax complexity exists
4. Increased Costs and Market Disruption: Required for more sophisticated lending arrangements or where market sensitivity is important
5. Set-off Rights: Detailed set-off provisions if parties maintain multiple relationships
6. Anti-Money Laundering Provisions: Enhanced AML provisions for high-risk borrowers or jurisdictions
7. Syndication Provisions: Required if the facility may be syndicated in the future
8. Currency Provisions: Required if multiple currencies are involved or for cross-border lending
1. Schedule 1 - Conditions Precedent: Detailed list of required documents and conditions
2. Schedule 2 - Form of Drawdown Notice: Template for borrower to request drawdowns
3. Schedule 3 - Form of Renewal Notice: Template for confirmation of facility renewal
4. Schedule 4 - Repayment Schedule: If applicable, schedule of repayment dates and amounts
5. Schedule 5 - Financial Covenants: Detailed financial covenant calculations and reporting requirements
6. Schedule 6 - Forms of Compliance Certificate: Template for periodic compliance certification
7. Appendix A - Fee Schedule: Detailed breakdown of all applicable fees
8. Appendix B - Interest Rate Calculation Examples: Examples of interest calculations for clarity
Authors
Find the document you need
Evergreen Loan Agreement
A Hong Kong law-governed loan agreement establishing an automatically renewing credit facility with specific drawdown, interest, and renewal provisions compliant with local banking regulations.
Download
Tenant To Landlord Notice To Vacate
A formal notice from tenant to landlord declaring intention to vacate a property, compliant with Hong Kong tenancy laws.
Download
Final Demand Notice
A formal last warning document under Hong Kong law demanding payment of outstanding debt before legal proceedings are initiated.
Download
3 Day Notice To Vacate
A Hong Kong-compliant legal notice requiring tenants to vacate a property within three days, used in both residential and commercial contexts.
Download
Lease End Notice To Landlord
A formal notice document used in Hong Kong to inform landlords of lease termination, complying with local property laws and regulations.
Download
Eviction Letter To Tenant
A formal notice under Hong Kong law requiring a tenant to vacate a property, including legal grounds for eviction and vacation deadline.
Download
Eviction Letter For Non Payment Of Rent
A formal notice under Hong Kong law demanding payment of overdue rent or vacation of premises, serving as the first step in the legal eviction process.
Download
Court Declaration Form
A formal sworn statement document used in Hong Kong courts to present evidence or factual statements under oath, subject to Hong Kong legal requirements and procedures.
Download
Notice To Leave Tenancy
A formal notice document used in Hong Kong by tenants to legally inform landlords of their intention to terminate a tenancy agreement.
Download
Legal Engagement Letter
A Hong Kong-compliant formal letter establishing the terms of engagement between a law firm and its client, outlining services, fees, and professional obligations.
Download
Landlord Rental Agreement
A Hong Kong law-governed agreement establishing terms and conditions between landlord and tenant for property rental.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
