Credit Terms Agreement Template for India

1. Parties: Identification of the credit provider and borrower with complete legal names and addresses

2. Background: Context of the credit arrangement and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Credit Facility: Details of the credit amount, type, and purpose

5. Interest and Fees: Interest rate structure, calculation method, and applicable fees

6. Repayment Terms: Payment schedule, method, and currency of repayment

7. Conditions Precedent: Conditions that must be satisfied before the credit facility becomes available

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

9. Covenants: Ongoing obligations of the borrower during the term of the agreement

10. Events of Default: Circumstances that constitute default and their consequences

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

12. Notices: Communication procedures between parties

13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction details

14. Miscellaneous: Standard boilerplate provisions including assignment, amendments, and severability

1. Schedule 1 - Definitions: Detailed definitions and interpretations if too extensive for main agreement

2. Schedule 2 - Drawdown Notice: Form of notice for requesting disbursement of credit

3. Schedule 3 - Repayment Schedule: Detailed amortization or repayment schedule

4. Schedule 4 - Security Details: Detailed description of any security or collateral

5. Schedule 5 - Conditions Precedent Documents: List of required documents and conditions to be satisfied

6. Schedule 6 - Financial Covenants Calculations: Formulas and methods for calculating financial covenants

7. Appendix A - Compliance Certificate: Template for periodic compliance certification

8. Appendix B - Standard Forms: Collection of standard forms for notices and requests