The Supplier Credit Agreement is a critical commercial document used when a supplier wishes to extend credit facilities to their business customers in the Netherlands. This agreement is particularly relevant in business-to-business transactions where goods or services are provided on credit terms rather than immediate payment. The document, governed by Dutch law and complying with both Dutch Civil Code and relevant EU regulations, establishes the framework for the credit relationship, including credit limits, payment terms, security arrangements, and default remedies. It's essential for managing credit risk in commercial relationships and provides legal protection for both the supplier extending credit and the customer receiving it. The agreement needs to comply with Dutch financial regulations and may require consideration of specific sector regulations depending on the industry context.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identification of the supplier (creditor) and the customer (debtor), including full legal names, registration numbers, and registered addresses
2. Background: Context of the credit arrangement, including the business relationship between parties and purpose of the credit facility
3. Definitions: Definitions of key terms used throughout the agreement
4. Credit Facility: Details of the credit amount, purpose, and availability period
5. Interest and Fees: Specification of interest rate(s), calculation method, payment frequency, and any applicable fees
6. Repayment Terms: Schedule and methods of repayment, including minimum payments and early repayment provisions
7. Security: Details of any security or collateral provided for the credit facility
8. Representations and Warranties: Standard declarations by the borrower about their legal and financial status
9. Covenants: Ongoing obligations of the borrower during the credit period
10. Events of Default: Circumstances that constitute default and consequences thereof
11. Termination: Conditions and process for terminating the agreement
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction for disputes
14. Signatures: Execution blocks for all parties
1. Credit Insurance: Include when credit insurance is required or provided as part of the arrangement
2. Parent Company Guarantee: Include when a parent company guarantee is required as additional security
3. Assignment and Transfer: Include when either party needs the right to assign or transfer their rights under the agreement
4. Force Majeure: Include for longer-term credit arrangements where external events might affect performance
5. Sanctions and Anti-Money Laundering: Include for international transactions or high-value credit facilities
6. Data Protection: Include when personal data processing is significant part of the arrangement
7. Multi-currency Provisions: Include when credit can be drawn in multiple currencies
8. Financial Covenants: Include for larger credit facilities requiring ongoing financial performance metrics
1. Schedule 1 - Credit Limit and Payment Terms: Detailed breakdown of credit limits, payment schedules, and specific payment terms
2. Schedule 2 - Interest Rate Calculation: Detailed methodology for calculating interest, including examples if necessary
3. Schedule 3 - Security Details: Specific details of any security or collateral provided
4. Schedule 4 - Conditions Precedent: List of documents and conditions required before credit facility becomes available
5. Schedule 5 - Form of Drawdown Request: Standard form for requesting credit under the facility
6. Schedule 6 - Compliance Certificate: Template for periodic compliance certification if required
7. Appendix A - Contact Details: Detailed contact information for all relevant parties and departments
8. Appendix B - Standard Terms and Conditions: General terms and conditions applicable to the credit facility
Authors
Find the document you need
Large Credit Agreement
Dutch law-governed credit facility agreement establishing terms for large-scale financing, incorporating local regulatory requirements and international banking standards.
Download
Revolving Credit Facility Agreement
Dutch law-governed agreement establishing a revolving credit facility with flexible draw-down and repayment terms.
Download
Supplier Credit Agreement
Dutch law-governed agreement establishing terms for supplier-extended credit facilities to business customers, including payment terms, security, and compliance requirements.
Download
Employee Credit Card Agreement
A Dutch law-governed agreement establishing terms and conditions for employee use of company credit cards, including rights, responsibilities, and compliance requirements.
Download
Debt Forgiveness Agreement
A Dutch law-governed agreement that formally documents the cancellation of debt obligations between a creditor and debtor, including terms, conditions, and legal implications.
Download
Senior Facilities Agreement
Dutch law-governed syndicated loan agreement establishing terms for senior debt facilities, including key financing terms, security arrangements, and regulatory requirements.
Download
Credit Loan Agreement
A Dutch law-governed agreement establishing terms and conditions for a credit loan between a lender and borrower, including loan amount, interest, repayment terms, and security arrangements.
Download
Revolving Credit Agreement
Dutch law-governed agreement establishing a revolving credit facility with flexible draw-down and repayment terms.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is 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
