Revolving Credit Agreement Template for India

1. Parties: Identification of the lender(s) and borrower(s) with their complete legal details

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions and Interpretation: Comprehensive definitions of terms used in the agreement and rules of interpretation

4. The Facility: Details of the revolving credit facility, including amount, purpose, and revolving nature

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

6. Utilisation: Process and requirements for drawing down the facility

7. Repayment and Prepayment: Terms for regular repayment and voluntary/mandatory prepayment provisions

8. Interest and Fees: Interest calculation, payment periods, default interest, and all applicable fees

9. Tax Provisions: Tax-related obligations and gross-up provisions

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

11. Information Undertakings: Borrower's obligations to provide financial and other information

12. Financial Covenants: Financial ratios and thresholds the borrower must maintain

13. General Undertakings: Positive and negative obligations of the borrower

14. Events of Default: Circumstances that trigger default and lender's remedies

15. Changes to Parties: Rules for assignment and transfer of rights/obligations

16. Administration: Operational aspects including calculations, notices, and payments

17. Governing Law and Jurisdiction: Choice of law and dispute resolution provisions

1. Schedule 1 - Conditions Precedent Documents: List of documents required before first utilization

2. Schedule 2 - Form of Utilisation Request: Standard form for requesting drawdown of the facility

3. Schedule 3 - Form of Transfer Certificate: Standard form for transferring commitments/rights

4. Schedule 4 - Financial Covenants Calculations: Detailed methodology for calculating financial covenants

5. Schedule 5 - Repayment Schedule: If applicable, schedule of repayment dates and amounts

6. Schedule 6 - Security Documents: If secured, list and copies of security documents

7. Schedule 7 - Forms of Legal Opinions: Standard forms of legal opinions required

8. Schedule 8 - Contact Details: Administrative and notice details for all parties