Line Of Credit Agreement Template for Philippines

1. Guarantees: Include when there are third-party guarantors for the facility

2. Insurance: Include when specific insurance requirements are imposed on the borrower

3. Assignment and Transfer: Include when either party may need to transfer rights under the agreement

4. Increased Costs: Include for facilities where regulatory changes might affect the lender's costs

5. Multiple Borrowers: Include when the facility is extended to multiple borrowers

6. Electronic Banking Provisions: Include when online banking facilities are part of the agreement

7. Foreign Currency Provisions: Include when drawings can be made in multiple currencies

1. Schedule 1 - Facility Terms: Detailed terms including credit limit, interest rates, fees, and charges

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

3. Schedule 3 - Drawdown Notice Form: Template for borrower to request drawings under the facility

4. Schedule 4 - Calculation of Interest and Fees: Detailed methodology for calculating interest and fees

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

6. Appendix A - Compliance Certificate: Template for periodic compliance certification by borrower

7. Appendix B - Financial Covenants: Detailed financial ratios and requirements to be maintained