Revolving Agreement for the Netherlands

Revolving Agreement Template for Netherlands

A Dutch law-governed Revolving Agreement establishes a flexible financing arrangement where the borrower can draw down, repay, and re-borrow funds up to a specified limit during the facility period. The agreement complies with Dutch financial regulations and the Dutch Civil Code, incorporating mandatory provisions for credit facilities while addressing key aspects such as drawdown mechanics, interest calculation, repayment terms, and ongoing obligations. It includes comprehensive provisions for facility management, security (if applicable), and risk mitigation measures in accordance with Dutch banking and financial services requirements.

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What is a Revolving Agreement?

This Revolving Agreement template is designed for use under Dutch law when parties wish to establish a flexible financing arrangement where funds can be borrowed, repaid, and re-borrowed over time. The document is particularly suitable for businesses requiring working capital financing or ongoing credit availability. It reflects current Dutch financial regulations and market practice, incorporating essential provisions required by the Dutch Civil Code and Financial Supervision Act. The agreement includes comprehensive terms addressing facility limits, drawdown mechanics, interest calculations, repayment provisions, and security arrangements (if applicable). This template can be adapted for both bilateral and syndicated facilities, making it versatile for various financing needs while ensuring compliance with Dutch legal requirements.

What sections should be included in a Revolving Agreement?

1. Parties: Identification and details of the contracting parties

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

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Facility: Description of the revolving facility, including amount, purpose, and nature

5. Drawdown Conditions: Conditions precedent and procedures for utilizing the facility

6. Interest and Fees: Interest calculation, payment terms, and applicable fees

7. Repayment: Terms and conditions for repayment, including mechanism for revolving nature

8. Representations and Warranties: Standard declarations made by the parties

9. Covenants: Ongoing obligations and restrictions on the borrower

10. Events of Default: Circumstances constituting default and consequences

11. Term and Termination: Duration of agreement and termination provisions

12. Notices: Communication procedures between parties

13. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction

14. Miscellaneous: Standard boilerplate provisions including assignment, amendments, etc.

What sections are optional to include in a Revolving Agreement?

1. Security: Include when the facility is secured by collateral or guarantees

2. Financial Covenants: Include for corporate borrowers when specific financial metrics need to be maintained

3. Information Undertakings: Include when regular financial or operational reporting is required

4. Tax Provisions: Include when specific tax considerations need to be addressed

5. Know Your Customer Requirements: Include when additional KYC obligations need to be specified

6. Assignment and Transfer: Include detailed provisions when transferability is important

7. Majority Lenders Decisions: Include when multiple lenders are involved

8. Data Protection: Include detailed GDPR compliance provisions when processing personal data

What schedules should be included in a Revolving Agreement?

1. Form of Drawdown Request: Standard form for requesting drawdowns under the facility

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

3. Calculation of Interest and Fees: Detailed methodology for calculating interest and fees

4. Repayment Schedule: If applicable, schedule of minimum repayment obligations

5. Form of Compliance Certificate: Template for periodic compliance certification

6. Security Documents: If applicable, forms of security documentation

7. Contact Details: List of authorized contacts and notice details for all parties

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

Jurisdiction

Netherlands

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions
Relevant Industries

Banking and Financial Services

Manufacturing

Retail

Real Estate

Technology

Healthcare

Construction

Energy

Agriculture

Transportation and Logistics

Professional Services

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Banking

Credit

Operations

Commercial Banking

Transaction Management

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Relationship Manager

Credit Officer

Legal Counsel

Compliance Officer

Risk Manager

Corporate Banking Manager

Financial Controller

Account Manager

Business Development Manager

Senior Loan Officer

Transaction Manager

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

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