Business Credit Agreement Template for Saudi Arabia

1. Islamic Insurance: Required when specific Takaful (Islamic insurance) arrangements are needed for the security

2. Additional Security Rights: Used when multiple forms of security or cross-collateralization are involved

3. Syndication Provisions: Included when the facility may be syndicated to multiple lenders

4. Agency Provisions: Required when an agent acts on behalf of multiple finance parties

5. Assignment and Transfer: Detailed provisions for transferring rights under the agreement, if permitted

6. Additional Repayment Terms: Used for complex repayment structures or early payment arrangements

7. Currency Provisions: Required when dealing with multiple currencies or foreign exchange considerations

1. Facility Summary: Detailed breakdown of the credit facility terms, limits, and profit rates

2. Security Documents: List and copies of all security documents and guarantees

3. Conditions Precedent Documents: Checklist and copies of required documentation

4. Form of Drawdown Notice: Template for requesting disbursements under the facility

5. Financial Covenants Calculations: Detailed methodology for calculating financial covenants

6. Authorized Signatories: List of persons authorized to act on behalf of each party

7. Fee Schedule: Breakdown of all applicable fees and charges

8. Reporting Requirements: Templates and schedules for required financial and operational reports