The Intercompany Credit Agreement is essential for corporate groups operating in India seeking to establish formal lending arrangements between affiliated companies. This document is particularly relevant when companies within the same group need to optimize cash management, provide internal financing for operations or projects, or establish structured lending arrangements compliant with Indian regulations. The agreement must comply with various Indian legal requirements, including the Companies Act 2013, RBI guidelines, and transfer pricing regulations. It typically includes detailed provisions on loan terms, interest rates, repayment schedules, security arrangements (if any), and necessary corporate authorizations. The document becomes crucial for maintaining proper documentation for regulatory compliance, tax purposes, and corporate governance requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the lender and borrower companies, including their registration details and addresses
2. Background: Explains the relationship between the companies and the purpose of the loan
3. Definitions and Interpretation: Defines key terms and establishes interpretation rules for the agreement
4. Facility Amount and Purpose: Specifies the credit amount, currency, and permitted uses of the loan
5. Interest Rate and Calculation: Details the applicable interest rate, calculation method, and payment periods
6. Drawdown: Specifies the process and conditions for requesting and receiving loan disbursements
7. Repayment Terms: Outlines the repayment schedule, prepayment provisions, and payment mechanics
8. Representations and Warranties: States the legal and factual assurances given by both parties
9. Covenants: Lists ongoing obligations of the borrower during the loan term
10. Events of Default: Defines circumstances that constitute default and corresponding remedies
11. Regulatory Compliance: Addresses compliance with Indian corporate and banking laws
12. Taxation: Covers tax-related provisions including TDS requirements
13. Notices: Specifies how formal communications between parties should be made
14. Governing Law and Jurisdiction: Establishes Indian law as governing law and specifies jurisdiction for disputes
15. Miscellaneous: Includes standard boilerplate provisions like amendments, waivers, and severability
1. Security: Include when the loan is secured by specific assets or collateral
2. Corporate Guarantee: Include when a parent company or group company provides a guarantee
3. Conditions Precedent: Include when specific conditions must be met before loan effectiveness
4. Transfer and Assignment: Include when parties want to allow or restrict loan transfer rights
5. Foreign Exchange Provisions: Include for loans involving cross-border elements or foreign currency
6. Information Covenants: Include when regular financial reporting requirements are needed
7. Subordination: Include when the loan needs to be subordinated to other debt
8. Group Company Provisions: Include specific provisions for loans within a larger corporate group
1. Loan Details: Details of facility amount, interest rate, and repayment schedule
2. Form of Drawdown Notice: Standard format for requesting loan disbursements
3. Conditions Precedent Documents: List of required documents and conditions to be satisfied
4. Security Details: Description of any security or collateral (if applicable)
5. Form of Compliance Certificate: Template for periodic compliance certification
6. Related Party Approvals: Copies of board resolutions and regulatory approvals
7. Payment Details: Bank account and payment instruction details
Find the exact document you need
Master Intercompany Services Agreement
An Indian law-governed agreement template for managing service arrangements between related companies within a corporate group, ensuring regulatory compliance and operational efficiency.
Download
Intragroup Loan Agreement
An Indian law-governed agreement facilitating loan arrangements between companies within the same corporate group, ensuring compliance with Indian corporate and financial regulations.
Download
Intercompany Recharge Agreement
An Indian law-governed agreement establishing the framework for cost allocation and charging between group companies, ensuring regulatory compliance and transparent cost sharing.
Download
Intercompany Agreement Transfer Pricing
Template for transfer pricing arrangements between related entities under Indian law, ensuring compliance with transfer pricing regulations and documentation requirements.
Download
Intercompany Agreement Between Parent And Subsidiary
An Indian law-governed agreement establishing the formal business relationship and operational framework between a parent company and its subsidiary.
Download
Intercompany Shared Services Agreement
An Indian law-governed agreement structuring shared services arrangements between group companies, including service delivery, pricing, and compliance requirements.
Download
Intercompany Credit Agreement
An Indian law-governed agreement establishing credit arrangements between related companies within the same corporate group, including loan terms, regulatory compliance, and security provisions.
Download
Intercompany Cost Sharing Agreement
An Indian law-governed agreement establishing cost sharing arrangements between related corporate entities, including allocation methodology and regulatory compliance requirements.
Download
Intercompany Settlement Agreement
An Indian law-governed agreement that formalizes the settlement of financial obligations and transactions between related companies within the same corporate group.
Download
Intercompany Subordination Agreement
An Indian law-governed agreement establishing debt priority and payment hierarchies between different entities within a corporate group.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it