Available Amount Credit Agreement Template for Indonesia

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Key Requirements PROMPT example:

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."

Document background
The Available Amount Credit Agreement is a crucial financing document used in Indonesian banking transactions where borrowers require flexible access to credit up to a maximum amount. This type of agreement is commonly used when businesses need ongoing access to working capital or require funding for progressive project developments. The document must comply with Indonesian banking regulations, particularly OJK requirements and Bank Indonesia guidelines. It includes detailed provisions for facility utilization, conditions precedent, drawdown mechanics, interest calculations, and regulatory compliance requirements. The agreement is structured to protect both lender and borrower interests while ensuring adherence to Indonesian mandatory banking provisions and civil law requirements.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Banking

Financial Services

Corporate Finance

Manufacturing

Real Estate

Infrastructure

Trading

Retail

Construction

Agriculture

Mining

Technology

Transportation

Healthcare

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Compliance

Corporate Banking

Operations

Risk Management

Corporate Finance

Credit Administration

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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