Credit Loan Agreement Template for India

1. Parties: Identification of the lender(s) and borrower(s) with complete details including registration numbers, addresses

2. Background: Context of the loan arrangement, purpose, and any relevant history leading to the agreement

3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation

4. Facility Amount and Purpose: Specifics of the loan amount, type of facility, and permitted purpose of the loan

5. Conditions Precedent: Conditions that must be satisfied before the loan can be drawn

6. Drawdown and Disbursement: Procedures and conditions for requesting and receiving loan disbursements

7. Interest and Fees: Interest rate(s), calculation method, payment periods, and all applicable fees

8. Repayment Terms: Schedule of repayments, prepayment provisions, and payment mechanics

9. Security: Details of collateral, guarantees, or other security provided for the loan

10. Representations and Warranties: Statements of fact and assurances given by the borrower

11. Covenants: Positive and negative obligations of the borrower during the loan term

12. Events of Default: Circumstances that constitute default and consequences thereof

13. Remedies: Rights and remedies available to the lender upon default

14. Indemnification: Borrower's obligations to indemnify the lender against specified losses

15. Notices: Process and requirements for formal communications between parties

16. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

17. Miscellaneous: Standard boilerplate provisions including amendments, assignments, severability

1. Schedule 1 - Facility Details: Detailed breakdown of the loan facility, including amounts, interest rates, and fees

2. Schedule 2 - Conditions Precedent Documents: List of all documents required before loan drawdown

3. Schedule 3 - Drawdown Request Form: Template for borrower to request loan disbursements

4. Schedule 4 - Repayment Schedule: Detailed amortization schedule with payment dates and amounts

5. Schedule 5 - Security Details: Comprehensive description of all security assets and their values

6. Schedule 6 - Financial Covenants: Specific financial ratios and thresholds to be maintained

7. Schedule 7 - Permitted Security Interests: List of pre-approved security interests that may exist

8. Appendix A - Compliance Certificate: Template for periodic compliance reporting

9. Appendix B - Know Your Customer Requirements: List of required KYC documentation and processes

10. Appendix C - Calculation of Interest and Fees: Detailed methodology for calculating interest and other charges