The Revolving Credit Agreement is a crucial financing document used when a borrower requires flexible access to credit over an extended period. This agreement, governed by Maltese law, establishes a facility where the borrower can draw down funds, repay them, and reborrow them as needed, up to a predetermined limit. It is commonly used for working capital financing, general corporate purposes, or ongoing operational needs. The document must comply with Maltese banking regulations, including the Banking Act (Chapter 371) and Financial Institutions Act (Chapter 376), and incorporates necessary consumer protection provisions where applicable. The agreement includes comprehensive provisions covering facility mechanics, security arrangements, covenants, and events of default, making it suitable for both bilateral and syndicated lending arrangements under Maltese jurisdiction.

1. Parties: Identification of the lender(s) and borrower(s), including registration details and addresses

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

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

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 repayment, prepayment options, and revolving nature of the facility

8. Interest: Interest calculation, payment periods, and default interest provisions

9. Fees and Expenses: All applicable fees, charges, and cost allocation

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

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

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

13. General Undertakings: Borrower's general operational and financial covenants

14. Events of Default: Circumstances constituting default and consequences

15. Changes to Parties: Provisions for assignment, transfer, and succession

16. Administration: Administrative provisions including calculations and payments

17. Notices: Communication methods and contact details

18. Governing Law and Jurisdiction: Maltese law as governing law and jurisdiction provisions