General Credit Agreement Template for Philippines

1. Guarantees: Required when there is a third-party guarantor for the credit facility

2. Insurance: Needed when specific insurance coverage is required for the credit facility or collateral

3. Change of Circumstances: Provisions for dealing with material changes in law or market conditions affecting the facility

4. Assignment and Transfer: Include when either party may need to transfer rights or obligations

5. Increased Costs: Relevant for longer-term facilities where regulatory changes might affect costs

6. Multiple Borrowers: Required when the facility is extended to more than one borrower

7. Electronic Execution: Include when agreement may be executed electronically under E-Commerce Act

1. Schedule 1 - Facility Terms: Detailed terms of the facility including limits, interest rates, and fees

2. Schedule 2 - Conditions Precedent Documents: List of required documents and conditions to be satisfied

3. Schedule 3 - Repayment Schedule: Detailed payment schedule with dates and amounts

4. Schedule 4 - Form of Drawdown Notice: Template for borrower to request disbursement of funds

5. Schedule 5 - Security Details: Detailed description of security or collateral

6. Appendix A - Interest Calculation Examples: Examples showing how interest and fees are calculated

7. Appendix B - Standard Forms: Collection of standard forms for notices, certificates, and other communications