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Available Amount Credit Agreement
"I need an Available Amount Credit Agreement for a manufacturing company in Jakarta, with a facility limit of IDR 500 billion, including specific provisions for equipment purchase and working capital, with quarterly drawdown options and a maturity date of March 15, 2025."
1. Parties: Identifies the lender and borrower with their complete legal names and addresses
2. Background: Explains the context of the agreement and the parties' intentions
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. The Facility: Details the credit amount, nature of the facility, and basic terms
5. Purpose: Specifies the permitted uses of the credit facility
6. Conditions Precedent: Lists conditions that must be satisfied before the facility becomes available
7. Drawdown Mechanics: Procedures and requirements for utilizing the facility
8. Interest and Fees: Specifies interest rates, calculation methods, and applicable fees
9. Repayment: Terms and schedule for repayment of drawn amounts
10. Representations and Warranties: Statements of fact and assurances given by the borrower
11. Covenants: Ongoing obligations of the borrower throughout the facility period
12. Events of Default: Circumstances that constitute default and their consequences
13. Changes to Parties: Rules regarding assignment and transfer of rights
14. Administration: Administrative aspects including notices and calculations
15. Governing Law and Jurisdiction: Specifies Indonesian law as governing law and jurisdiction for disputes
16. Execution: Signature blocks and execution requirements
1. Security: Include when the facility is secured by collateral or guarantees
2. Currency Provisions: Required for facilities that involve foreign currency
3. Increased Costs: Include when lender needs protection against regulatory changes affecting costs
4. Tax Gross-Up: Include when tax implications need specific addressing
5. Market Disruption: Include for facilities with floating interest rates
6. Multiple Lenders: Include for syndicated facilities with multiple lenders
7. Bank Accounts: Include when specific accounts need to be maintained for the facility
8. Islamic Banking Provisions: Include for Sharia-compliant facilities
1. Schedule 1 - Conditions Precedent Documents: List of all documents required before facility availability
2. Schedule 2 - Form of Drawdown Notice: Template for borrower to request facility utilization
3. Schedule 3 - Calculation of Interest: Detailed methodology for interest calculation
4. Schedule 4 - Repayment Schedule: Detailed repayment dates and amounts if applicable
5. Schedule 5 - Form of Compliance Certificate: Template for periodic compliance certification
6. Schedule 6 - Permitted Security: List of security interests permitted under the facility
7. Appendix A - Facility Specific Terms: Detailed commercial terms specific to the facility
8. Appendix B - Fee Schedule: Detailed breakdown of all applicable fees
Authors
Additional Cost
Affiliate
Agreement
Availability Period
Available Amount
Available Facility
Bank Indonesia
Banking Day
Borrower
Break Costs
Business Day
Change of Control
Commitment
Compliance Certificate
Conditions Precedent
Default
Default Interest
Drawdown
Drawdown Date
Drawdown Notice
Event of Default
Facility
Facility Limit
Fee Letter
Finance Document
Financial Indebtedness
Financial Statements
Governmental Agency
Group
Guarantee
IDR
Increased Costs
Interest Payment Date
Interest Period
Interest Rate
JIBOR
Lender
Material Adverse Effect
OJK
Outstanding Amount
Potential Event of Default
Permitted Security Interest
Purpose
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Tax
Total Commitments
Unpaid Sum
Conditions Precedent
Availability
Drawdown
Interest
Fees
Repayment
Prepayment
Security
Representations and Warranties
Information Covenants
Financial Covenants
General Undertakings
Events of Default
Market Disruption
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Severability
Force Majeure
Anti-Money Laundering
Currency Provisions
Tax Provisions
Increased Costs
Indemnities
Costs and Expenses
Governing Law
Dispute Resolution
Assignment and Transfer
Banking
Financial Services
Corporate Finance
Manufacturing
Real Estate
Infrastructure
Trading
Retail
Construction
Agriculture
Mining
Technology
Transportation
Healthcare
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Banking
Operations
Risk Management
Corporate Finance
Credit Administration
Chief Financial Officer
Finance Director
Treasury Manager
Corporate Banking Manager
Credit Risk Officer
Legal Counsel
Compliance Officer
Relationship Manager
Credit analyst
Corporate Secretary
Finance Manager
Managing Director
Commercial Director
Risk Manager
Operations Manager
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