Revolving Credit Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Revolving Credit Agreement

Revolving Credit Agreement

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

REVOLVING CREDIT AGREEMENT

This Revolving Credit Agreement ('Agreement') is made and entered into on this the {{day}} day of {{month}}, {{year}},

BETWEEN:

{{lender_company_name}}, a company duly incorporated and registered in accordance with the laws of {{lender_jurisdiction}}, with its principal place of business at {{lender_address}} (hereinafter referred to as the 'Lender');

AND

{{borrower_company_name}}, a company duly incorporated and registered in accordance with the laws of {{borrower_jurisdiction}}, with its principal place of business at {{borrower_address}} (hereinafter referred to as the 'Borrower').

(The Lender and the Borrower shall hereinafter collectively be referred to as 'the Parties' and individually as 'a Party').

1. DEFINITIONS AND INTERPRETATIONS

1.1. 'Advance' means any disbursement of funds by the Lender to the Borrower under this Agreement.

1.2. 'Borrowing Base' means the maximum amount the Borrower is permitted to borrow at any given time, as determined by the Lender based on agreed-upon criteria.

1.3. 'Credit Limit' means the maximum principal amount, being {{credit_limit_currency}} {{credit_limit_amount}}, that may be outstanding under this Agreement at any one time.

1.4. 'Interest Rate' means {{interest_rate_percentage}}% per annum, calculated on the daily outstanding balance.

1.5. 'Maturity Date' means {{maturity_date}}.

1.6. 'Promissory Note' means a promissory note executed by the Borrower in favour of the Lender evidencing an Advance.

2. REVOLVING CREDIT FACILITY

2.1. Subject to the terms and conditions of this Agreement, the Lender hereby establishes a revolving credit facility in favour of the Borrower, allowing the Borrower to borrow, repay, and re-borrow funds up to the Credit Limit.

2.2. The Borrower may request Advances from time to time by submitting a written draw request to the Lender at least {{notice_period_days}} business days prior to the requested advance date.

3. INTEREST AND REPAYMENT

3.1. Interest on the outstanding principal balance of each Advance shall accrue from the date of such Advance at the Interest Rate.

3.2. Interest shall be calculated on a {{interest_calculation_basis}} basis and shall be payable {{interest_payment_frequency}} commencing on {{first_interest_payment_date}}.

3.3. The Borrower shall repay the principal amount of all outstanding Advances, together with all accrued and unpaid interest, on the Maturity Date.

3.4. The Borrower may, at its option, repay any or all of the outstanding principal balance of any Advance at any time without penalty.

4. CONDITIONS PRECEDENT

4.1. The obligation of the Lender to make the first Advance hereunder is subject to the satisfaction of the following conditions precedent:

4.1.1. The Borrower shall have executed and delivered this Agreement.

4.1.2. The Borrower shall have provided the Lender with all corporate authorisations required for the execution and performance of this Agreement.

4.1.3. The Borrower shall have provided the Lender with certified copies of its constitutional documents.

5. REPRESENTATIONS AND WARRANTIES

5.1. The Borrower represents and warrants to the Lender that:

5.1.1. It is duly organised, validly existing, and in good standing under the laws of its jurisdiction of incorporation.

5.1.2. It has the corporate power and authority to enter into and perform its obligations under this Agreement.

5.1.3. This Agreement constitutes its legal, valid, and binding obligation, enforceable in accordance with its terms.

6. COVENANTS

6.1. The Borrower covenants and agrees with the Lender that, so long as any sum remains owing under this Agreement, it shall:

6.1.1. Maintain its corporate existence in good standing.

6.1.2. Provide the Lender with its annual audited financial statements within {{financial_statement_submission_days}} days after the end of each financial year.

6.1.3. Not, without the prior written consent of the Lender, incur any further indebtedness exceeding {{threshold_currency}} {{threshold_amount}}.

7. EVENTS OF DEFAULT

7.1. Each of the following events shall constitute an 'Event of Default' under this Agreement:

7.1.1. The Borrower fails to pay any amount due under this Agreement on the due date.

7.1.2. Any representation or warranty made by the Borrower in this Agreement proves to be untrue or incorrect in any material respect.

7.1.3. The Borrower breaches any other term or condition of this Agreement and fails to remedy such breach within {{cure_period_days}} days after receiving written notice thereof from the Lender.

8. GOVERNING LAW AND JURISDICTION

8.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

8.2. The Parties irrevocably submit to the exclusive jurisdiction of the courts of {{jurisdiction_for_disputes}} for the purpose of settling any dispute arising out of or in connection with this Agreement.

9. NOTICES

9.1. Any notice or communication required or permitted to be given under this Agreement shall be in writing and shall be delivered personally, sent by pre-paid registered post or by email to the addresses specified below:

To the Lender:

Address: {{lender_address_for_notices}}

Email: {{lender_email_for_notices}}

To the Borrower:

Address: {{borrower_address_for_notices}}

Email: {{borrower_email_for_notices}}

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.

___________________________

For: {{lender_company_name}}

Name: {{lender_authorised_signatory_name}}

Title: {{lender_authorised_signatory_title}}

___________________________

For: {{borrower_company_name}}

Name: {{borrower_authorised_signatory_name}}

Title: {{borrower_authorised_signatory_title}}