Facilities Agreement for Malta

Facilities Agreement Template for Malta

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Facilities Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Facilities Agreement

"I need a Facilities Agreement for a €5 million secured term loan facility between MaltaBank plc as lender and TechGrowth Limited as borrower, with quarterly repayments over 5 years starting March 2025, including standard financial covenants for a technology company."

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Facilities Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Facilities Agreement?

The Facilities Agreement is a crucial document used in financing transactions under Maltese law, serving as the primary contract between lenders and borrowers for establishing credit facilities. It is commonly used when a bank or financial institution provides financing to corporate entities, whether for general corporate purposes, acquisitions, project finance, or specific asset purchases. The agreement must comply with Malta's robust financial services regulations and EU requirements, making it suitable for both domestic and international transactions. The document comprehensively covers all aspects of the lending relationship, including facility terms, conditions precedent, representations, covenants, and enforcement mechanisms. It can be adapted for various types of facilities, including term loans, revolving credits, or multiple-tranche facilities, and can accommodate both bilateral and syndicated lending arrangements.

What sections should be included in a Facilities Agreement?

1. Parties: Identification of the lender(s), borrower(s), and any guarantors or other parties

2. Background: Context of the facility and purpose of the agreement

3. Definitions and Interpretation: Defined terms, construction rules, and interpretation principles

4. The Facility: Details of the facility type, amount, and purpose

5. Conditions Precedent: Conditions that must be satisfied before drawdown

6. Drawdown: Procedures and requirements for utilizing the facility

7. Interest: Interest calculation, periods, and payment provisions

8. Repayment: Terms and schedule for repayment of the facility

9. Prepayment: Voluntary and mandatory prepayment provisions

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

11. Information Undertakings: Obligations to provide financial and other information

12. Financial Covenants: Financial ratios and tests to be maintained

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

14. Events of Default: Circumstances that trigger default and enforcement rights

15. Changes to Parties: Transfer and assignment provisions

16. Payment Mechanics: Payment procedures, timing, and currency provisions

17. Set-off: Rights of set-off and application of payments

18. Notices: Communication methods and contact details

19. Calculations and Certificates: Basis for calculations and evidence of amounts due

20. Remedies and Waivers: Rights and remedies of the parties

21. Miscellaneous: General boilerplate provisions

22. Governing Law and Enforcement: Choice of Maltese law and jurisdiction provisions

What sections are optional to include in a Facilities Agreement?

1. Accordion Facility: Optional section for when the facility includes an option to increase the facility amount

2. Multiple Currencies: Required when the facility can be drawn in different currencies

3. Security: Include when the facility is secured by any form of collateral

4. Guarantees: Required when there are guarantors supporting the facility

5. Tax Gross Up and Indemnities: Detailed tax provisions needed for cross-border facilities

6. Increased Costs: Required for regulated lenders to pass on regulatory cost increases

7. Market Disruption: Include for facilities with floating interest rates

8. Anti-Corruption and Sanctions: Detailed provisions required for international facilities or regulated lenders

9. Bank Agency Provisions: Required for syndicated facilities with multiple lenders

What schedules should be included in a Facilities Agreement?

1. Conditions Precedent: Detailed list of required documents and conditions

2. Form of Drawdown Request: Template for borrower to request utilization of the facility

3. Repayment Schedule: Detailed amortization schedule if term facility

4. Form of Transfer Certificate: Template for transferring commitments between lenders

5. Form of Compliance Certificate: Template for periodic confirmation of financial covenants

6. Existing Security: Details of any existing security interests

7. Financial Covenant Calculations: Detailed methodology for calculating financial covenants

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

9. Form of Accession Deed: Template for additional parties joining the agreement

10. Transaction Security Documents: Forms of security documents if facility is secured

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Banking

Financial Services

Real Estate

Infrastructure

Manufacturing

Retail

Healthcare

Energy

Technology

Transportation

Hospitality

Construction

Maritime

Aviation

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Banking

Credit

Operations

Company Secretarial

Transaction Management

Loan Administration

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Compliance Officer

Risk Manager

Credit Manager

Relationship Manager

Transaction Manager

Finance Manager

Company Secretary

Banking Executive

Loan Officer

Senior Finance Associate

Corporate Banking Manager

Financial Controller

General Counsel

Head of Corporate Banking

Senior Credit Analyst

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

No items found.

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

2 AI Docs LeftGet Instant Access