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Business Finance Agreement
"I need a Business Finance Agreement for a PHP 50 million working capital facility for our manufacturing company, with quarterly repayments over 3 years starting March 2025, secured against our factory equipment and requiring personal guarantees from two company directors."
1. Parties: Identification of the lender, borrower, and any other primary parties to the agreement
2. Background: Context of the financing arrangement and purpose of the facility
3. Definitions: Definitions of key terms used throughout the agreement
4. Facility Details: Description of the financing facility, amount, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Drawdown Mechanics: Procedures and requirements for drawing down the facility
7. Interest and Fees: Interest rates, calculation methods, and applicable fees
8. Repayment Terms: Repayment schedule, payment mechanics, and prepayment provisions
9. Security Arrangements: Details of any security or collateral provided for the facility
10. Representations and Warranties: Statements of fact and assurances given by the borrower
11. Covenants: Positive and negative obligations of the borrower during the facility period
12. Events of Default: Circumstances constituting default and consequences
13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction details
1. Guarantees: Terms of any guarantees provided - include when there are third-party guarantors
2. Multiple Facilities: Additional terms for multiple facility types - include when offering different types of financing facilities
3. Security Trustee Provisions: Terms relating to security trustee - include in syndicated facilities
4. Insurance Requirements: Specific insurance obligations - include when security includes physical assets
5. Assignment and Transfer: Terms for transferring rights under the agreement - include for transferable facilities
6. Increased Costs and Tax Provisions: Provisions for dealing with regulatory changes - include for longer-term facilities
1. Schedule 1 - Facility Terms: Detailed terms of the facility including amounts, interest rates, and fees
2. Schedule 2 - Conditions Precedent Documents: List of required documents and conditions to be satisfied
3. Schedule 3 - Drawdown Request Form: Standard form for requesting drawdown of the facility
4. Schedule 4 - Repayment Schedule: Detailed amortization or repayment schedule
5. Schedule 5 - Security Details: Detailed description of security assets and perfection requirements
6. Appendix A - Compliance Certificate: Form of certificate for periodic compliance confirmation
7. Appendix B - Financial Covenants Calculations: Format and methodology for calculating financial covenants
Authors
Agreement
Availability Period
Banking Day
Base Rate
Borrower
Business Day
Change of Control
Commitment
Compliance Certificate
Conditions Precedent
Default
Default Rate
Drawdown Date
Drawdown Notice
EBITDA
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Financial Statements
Governing Law
Group
Guarantee
Interest Payment Date
Interest Period
Interest Rate
Lender
Material Adverse Effect
Maturity Date
Obligor
Outstanding Amount
Permitted Security
Potential Event of Default
Prepayment Amount
Principal Amount
Prohibited Activity
Repayment Date
Repayment Schedule
Security
Security Assets
Security Documents
Security Interest
Security Provider
Subsidiary
Tax
Transaction Documents
Utilization
Facility Terms
Conditions Precedent
Drawdown
Interest
Fees
Repayment
Prepayment
Security
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Severability
Force Majeure
Anti-Money Laundering
Governing Law
Dispute Resolution
Assignment and Transfer
Costs and Expenses
Indemnities
Tax Provisions
Currency Provisions
Default Interest
Security Enforcement
Acceleration Rights
Guarantee Provisions
Banking & Financial Services
Manufacturing
Real Estate & Construction
Retail & Consumer Goods
Technology & Communications
Agriculture & Food Processing
Transportation & Logistics
Healthcare & Pharmaceuticals
Energy & Utilities
Professional Services
Legal
Finance
Treasury
Risk Management
Compliance
Corporate Banking
Credit Administration
Business Development
Operations
Corporate Secretariat
Chief Financial Officer
Finance Director
Treasury Manager
Corporate Lawyer
Legal Counsel
Risk Manager
Credit Manager
Relationship Manager
Compliance Officer
Corporate Secretary
Financial Controller
Business Development Manager
Account Manager
Senior Loan Officer
Corporate Banking Manager
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