Revolving Line Of Credit Agreement Template for Philippines

1. Parties: Identification of the Lender and Borrower with complete legal names and addresses

2. Background: Context of the agreement and relationship between parties

3. Definitions: Definitions of key terms used throughout the agreement

4. The Facility: Details of the revolving credit facility including amount, purpose, and availability period

5. Interest and Fees: Interest rate calculations, fees, charges and computation method as required by Philippine law

6. Drawdown: Procedures and conditions for drawing down the credit facility

7. Repayment: Terms and conditions for repayment, including minimum payments and repayment schedule

8. Representations and Warranties: Standard and specific representations and warranties from the Borrower

9. Covenants: Positive and negative covenants binding the Borrower

10. Events of Default: Circumstances constituting default and consequences

11. Security: Details of any security or guarantees provided for the facility

12. Boilerplate Provisions: Standard contract clauses including notices, amendments, governing law, and jurisdiction

1. Schedule 1 - Facility Terms: Detailed commercial terms including facility amount, interest rates, fees, and availability period

2. Schedule 2 - Conditions Precedent: List of documents and conditions required before initial drawdown

3. Schedule 3 - Drawdown Notice Form: Template form for requesting drawdowns under the facility

4. Schedule 4 - Repayment Schedule: If applicable, detailed repayment schedule or minimum payment requirements

5. Schedule 5 - Security Documents: List and copies of all security documents

6. Appendix A - Truth in Lending Act Disclosure: Mandatory disclosure of credit terms as required by Philippine law

7. Appendix B - Calculation of Interest and Fees: Detailed explanation of interest and fee calculations