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1. Parties: Identifies the lender and borrower, including their registration details and addresses
2. Background: Contextual information explaining the purpose of the facility and relationship between parties
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. The Facility: Details of the credit facility including the amount, purpose, and revolving nature
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Drawdown Mechanics: Procedures and requirements for making drawdowns under the facility
7. Interest and Fees: Interest rate calculations, payment dates, and applicable fees
8. Repayment and Prepayment: Terms for repayment of drawn amounts and voluntary prepayment provisions
9. Representations and Warranties: Statements of fact and assurances given by the borrower
10. Covenants: Positive and negative obligations of the borrower during the facility term
11. Events of Default: Circumstances that constitute default and consequences thereof
12. Changes to Parties: Rules regarding assignment and transfer of rights and obligations
13. Payments and Calculations: Payment mechanics, calculations, and business day conventions
14. Notices: Communication requirements and contact details
15. General Provisions: Miscellaneous legal provisions including severability and governing law
1. Security: Required when the facility is secured, detailing the security arrangements and enforcement rights
2. Guarantee: Included when there is a guarantor providing support for the borrower's obligations
3. Multiple Borrowers: Additional provisions for facilities with more than one borrower
4. Increased Costs and Tax Gross-up: Provisions dealing with changes in law affecting the lender's costs or tax treatment
5. Market Disruption: Provisions dealing with disruption to interest rate markets or quotations
6. Set-off Rights: Detailed set-off provisions where the lender requires enhanced set-off rights
7. Currency Provisions: Required for multi-currency facilities or where drawing and repayment currencies may differ
8. Syndication Provisions: Required for facilities that may be syndicated to multiple lenders
1. Form of Drawdown Request: Standard form for borrower to request drawdowns under the facility
2. Conditions Precedent Documents: List of required documents and conditions to be satisfied before first drawdown
3. Calculation of Interest and Fees: Detailed methodology for calculating interest and fees
4. Form of Compliance Certificate: Template for periodic compliance certification by borrower
5. Security Documents: List and/or copies of security documents if facility is secured
6. Permitted Security Interests: List of security interests permitted to exist over borrower's assets
7. Group Structure: Corporate structure chart for corporate borrowers with subsidiaries
8. Financial Covenants: Detailed financial covenant calculations and reporting requirements
Available Commitment
Base Rate
Business Day
Commitment
Compliance Certificate
Default
Default Interest
Disruption Event
Drawdown
Drawdown Date
Drawdown Request
Event of Default
Facility
Facility Documents
Facility Limit
Final Maturity Date
Finance Documents
Financial Indebtedness
Financial Statements
Group
HIBOR
Hong Kong
Interest Payment Date
Interest Period
Interest Rate
Legal Requirement
LIBOR
Loan
Margin
Material Adverse Effect
Month
Outstanding Amount
Permitted Security Interest
Potential Event of Default
Prepayment
Quasi-Security
Repayment Date
Repeating Representations
Security
Security Documents
Security Interest
Subsidiary
Tax
Total Commitments
Transaction Documents
Utilisation
Utilisation Date
Interest and Fees
Drawdown Rights
Repayment
Prepayment
Security
Conditions Precedent
Representations and Warranties
Financial Covenants
Information Covenants
General Undertakings
Events of Default
Market Disruption
Changes to Parties
Payment Mechanics
Set-Off
Notices
Calculations
Amendments and Waivers
Confidentiality
Anti-Money Laundering
Governing Law
Dispute Resolution
Force Majeure
Assignment and Transfer
Severability
Entire Agreement
Counterparts
Third Party Rights
Data Protection
Banking and Financial Services
Commercial Real Estate
Manufacturing
Retail and Consumer Goods
Technology and Software
Healthcare and Pharmaceuticals
Construction and Infrastructure
Energy and Utilities
Telecommunications
Transportation and Logistics
Professional Services
Hospitality and Tourism
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit
Operations
Business Development
Executive Management
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Legal Counsel
Compliance Officer
Credit Risk Manager
Relationship Manager
Corporate Banking Manager
Loan Officer
Chief Executive Officer
Company Secretary
Risk Manager
Transaction Manager
Business Development Director
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