The Master Credit Agreement serves as the cornerstone document for establishing credit relationships in Malta's financial landscape. It is primarily used when parties anticipate multiple credit facilities or a long-term lending relationship, providing a standardized framework that governs all subsequent credit arrangements. This document type is essential for financial institutions operating under Maltese jurisdiction, incorporating both domestic legal requirements and EU regulatory standards. The agreement typically includes detailed provisions for facility utilization, security arrangements, financial covenants, and compliance requirements, while allowing flexibility for specific facility terms to be agreed upon through supplemental documentation. Given Malta's position as a financial services hub, the Master Credit Agreement must align with both the Malta Financial Services Authority's requirements and broader European banking regulations.

1. Parties: Identification of the lender(s) and borrower(s), including registration details as required under Maltese law

2. Background: Context of the agreement and relationship between the parties

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

4. The Facilities: Framework terms for credit facilities, including types, purpose, and general conditions

5. Conditions Precedent: Prerequisites that must be satisfied before any utilization

6. Utilization: Procedures and requirements for requesting and obtaining credit under the facilities

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

8. Repayment: Terms and conditions for repayment of facilities

9. Prepayment and Cancellation: Provisions for voluntary and mandatory prepayment and facility cancellation

10. Tax Gross Up and Indemnities: Tax-related provisions and associated indemnities

11. Increased Costs: Provisions dealing with changes in costs due to regulatory or legal changes

12. Representations: Borrower's representations and warranties

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

14. Financial Covenants: Key financial ratios and requirements to be maintained

15. General Undertakings: General positive and negative covenants

16. Events of Default: Circumstances constituting default and consequences

17. Changes to Parties: Assignment and transfer provisions

18. Payment Mechanics: Technical provisions regarding payments

19. Set-off: Rights of set-off under Maltese law

20. Notices: Communication procedures and requirements

21. Calculations and Certificates: Provisions regarding calculations and evidential value of certificates

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