Credit Facilities Agreement for Malta
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Credit Facilities Agreement
"I need a Credit Facilities Agreement under Maltese law for a €5 million secured term loan facility to be provided by Bank of Malta plc to a real estate development company, with drawdown expected by March 2025 and including specific covenants related to the property development project."
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1. Parties: Identifies the lender(s) and borrower(s), including their registered addresses and company registration details
2. Background: Sets out the context of the agreement and purpose of the facility
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. The Facility: Details the type, amount, and purpose of the credit facility being provided
5. Conditions Precedent: Lists the conditions that must be satisfied before the facility becomes available
6. Drawdown: Specifies the drawdown mechanics, notice requirements, and availability period
7. Interest: Details interest rates, calculation methods, and payment periods
8. Repayment: Sets out the repayment schedule, methods, and prepayment provisions
9. Fees and Costs: Specifies all fees, charges, and costs associated with the facility
10. Representations and Warranties: Lists the borrower's representations and warranties
11. Covenants: Details positive and negative covenants binding the borrower
12. Events of Default: Defines events triggering default and the lender's rights upon default
13. Changes to Parties: Addresses assignment and transfer provisions
14. Notices: Specifies how formal communications between parties should be made
15. Governing Law and Jurisdiction: Confirms Maltese law as governing law and jurisdiction for disputes
1. Security: Required when the facility is secured, detailing the security package and enforcement rights
2. Guarantees: Required when third-party guarantees are part of the credit support structure
3. Syndication Provisions: Required for syndicated facilities, detailing the relationship between multiple lenders
4. Regulatory Compliance: Additional section for regulated borrowers or specific regulatory requirements
5. Data Protection: Detailed privacy provisions when dealing with personal data processing
6. Currency Provisions: Required for multi-currency facilities
7. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required
8. Account Bank Provisions: Required when specific account maintenance and operation requirements exist
9. Tax Gross-Up and Indemnities: Detailed tax provisions for cross-border facilities or complex tax structures
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Drawdown Request: Template for borrower to request drawings under the facility
3. Repayment Schedule: Detailed amortization or repayment schedule
4. Form of Compliance Certificate: Template for periodic compliance certification
5. Security Documents: List and copies of all security documents
6. Permitted Security: List of pre-approved security interests
7. Form of Transfer Certificate: Template for transferring interests in the facility
8. Financial Covenants: Detailed financial covenants and calculation methodologies
9. Existing Indebtedness: Schedule of borrower's existing debt obligations
10. Bank Account Details: Details of designated accounts for payments
Authors
Banking Day
Base Rate
Borrowed Money
Break Costs
Business Day
Commitment
Compliance Certificate
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Facility Period
Finance Documents
Financial Indebtedness
Financial Statements
Group
Guarantee
Interest Payment Date
Interest Period
Interest Rate
Legal Reservation
Lender
LIBOR
Loan
Margin
Material Adverse Effect
Maturity Date
Obligor
Outstanding Amount
Permitted Security Interest
Potential Event of Default
Prepayment
Principal
Prohibited Person
Quotation Day
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Security Period
Security Provider
Subsidiary
Tax
Transaction Documents
Transfer Certificate
Utilisation
VAT
Security Trust
Relevant Jurisdiction
Regulatory Authority
MFSA
Sanctions
Authorisation
Central Bank
Quasi-Security
Related Party
Reference Banks
Increased Costs
Disposal
Distribution
Financial Year
Holding Company
Insurance Proceeds
Maltese Law
Permitted Transaction
Quarter Date
Screen Rate
Secured Obligations
Security Assets
Specified Time
Tax Credit
Tax Deduction
Tax Payment
Total Commitments
Transfer Date
Unpaid Sum
Facility Terms
Conditions Precedent
Utilization
Interest
Repayment
Prepayment
Cancellation
Security
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Fees
Expenses
Indemnities
Mitigation
Confidentiality
Privacy and Data Protection
Counter-terrorism and Anti-money Laundering
Assignment and Transfer
Amendments and Waivers
Severability
Force Majeure
Enforcement
Governing Law
Jurisdiction
Service of Process
Waiver of Immunity
Entire Agreement
Third Party Rights
Variation
Remedies and Waivers
Counterparts
Language
Regulatory Compliance
Cross-Default
Currency Provisions
Tax Provisions
Insurance
Security Trust Provisions
Account Operation
Banking
Financial Services
Real Estate
Manufacturing
Retail
Healthcare
Technology
Tourism and Hospitality
Maritime
Construction
Energy
Transportation
Agriculture
Education
Professional Services
Legal
Finance
Compliance
Risk Management
Treasury
Credit
Corporate Banking
Operations
Business Development
Regulatory Affairs
Company Secretariat
Corporate Finance
Transaction Banking
Documentation
Chief Financial Officer
Finance Director
Legal Counsel
Compliance Officer
Risk Manager
Credit Manager
Treasury Manager
Corporate Banker
Relationship Manager
Financial Controller
Business Development Manager
Company Secretary
Managing Director
Finance Manager
Credit Analyst
Legal Director
Banking Operations Manager
Regulatory Compliance Manager
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