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Credit Application Agreement
"I need a Credit Application Agreement under Indonesian law for a medium-sized manufacturing company seeking working capital financing, with specific provisions for machinery collateral and multiple corporate guarantors."
1. Parties: Identification of the financial institution and the credit applicant, including complete legal names, addresses, and registration details
2. Background: Context of the credit application, purpose of the facility, and relationship between the parties
3. Definitions: Detailed definitions of terms used throughout the agreement, including financial and technical terms
4. Credit Facility Details: Specific details of the requested credit facility, including amount, purpose, and type of facility
5. Application Process: Steps and requirements for the credit application, including documentation requirements
6. Representations and Warranties: Statements of fact and assurances made by the applicant regarding their financial condition, legal status, and ability to repay
7. Terms and Conditions: General terms governing the credit facility application and eventual facility if approved
8. Fees and Charges: Details of all applicable fees, charges, and costs associated with the application and credit facility
9. Information Disclosure: Provisions regarding the collection, use, and disclosure of applicant information
10. Declarations: Formal statements by the applicant confirming the truthfulness of provided information
11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and relevant jurisdiction for disputes
1. Corporate Authority: Required for corporate applicants, detailing corporate approvals and authority to apply for credit
2. Guarantor Details: Include when a guarantor is required for the credit facility
3. Insurance Requirements: Needed when specific insurance coverage is required as part of the credit facility
4. Security Arrangements: Required when the credit facility is to be secured by specific assets or collateral
5. Electronic Communication Consent: Include when the application process involves electronic communications and notifications
6. Joint Applicant Provisions: Required when there are multiple applicants applying jointly for the credit facility
7. Special Industry Requirements: Include specific provisions for regulated industries or special business sectors
1. Schedule 1 - Application Form: Standard credit application form with required fields and information
2. Schedule 2 - Required Documents Checklist: List of all required supporting documents for the application
3. Schedule 3 - Fee Schedule: Detailed breakdown of all applicable fees and charges
4. Schedule 4 - Credit Assessment Criteria: Overview of the criteria used for evaluating the credit application
5. Appendix A - KYC Requirements: Details of Know Your Customer requirements and documentation
6. Appendix B - Data Privacy Notice: Detailed privacy notice and data protection provisions
7. Appendix C - Terms of Security (if applicable): Detailed terms regarding any security or collateral requirements
Authors
Applicant
Application
Application Date
Authorized Representative
Bank
Banking Day
Business Day
Collateral
Confidential Information
Credit Facility
Credit Limit
Default
Electronic Consent
Facility Purpose
Fees
Financial Statements
Force Majeure
Governing Law
Guarantor
Interest Rate
KYC Requirements
Lender
Material Adverse Effect
OJK
Outstanding Amount
Parties
Personal Data
Privacy Notice
Processing Fee
Required Documents
Sanctions
Security
Security Interest
Signing Date
Supporting Documents
Tax
Terms and Conditions
Third Party
Working Capital
Definitions
Application Process
Documentation Requirements
Representations and Warranties
Information Disclosure
Confidentiality
Data Protection
Fees and Charges
Credit Assessment
Security
Guarantees
Conditions Precedent
Covenants
Events of Default
Electronic Communications
Anti-Money Laundering
Know Your Customer
Force Majeure
Assignment
Notices
Amendment
Severability
Entire Agreement
Waiver
Governing Law
Dispute Resolution
Language
Termination
Indemnification
Banking
Financial Services
Insurance
Real Estate
Manufacturing
Retail
Construction
Agriculture
Technology
Healthcare
Transportation
Mining
Hospitality
Education
Small and Medium Enterprises
Legal
Compliance
Risk Management
Credit Operations
Customer Service
Financial Control
Corporate Banking
Retail Banking
Documentation
Credit Administration
Due Diligence
Operations
Account Management
Internal Audit
Regulatory Affairs
Credit Officer
Risk Manager
Compliance Officer
Legal Counsel
Banking Operations Manager
Relationship Manager
Credit Analyst
Branch Manager
Financial Controller
Corporate Secretary
Chief Financial Officer
Chief Risk Officer
Credit Administration Manager
Due Diligence Officer
Customer Service Manager
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