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Credit Facilities Agreement
"I need a Credit Facilities Agreement for a CAD 25 million secured revolving credit facility to a manufacturing company, with quarterly financial covenants and a share pledge as security, compliant with Ontario law."
1. Parties: Identification of the lender(s), borrower(s), and any guarantors
2. Background: Context of the agreement and purpose of the credit facilities
3. Definitions and Interpretation: Defined terms, rules of interpretation, and currency conventions
4. The Facilities: Details of the credit facilities, including types, amounts, and purpose
5. Conditions Precedent: Conditions that must be satisfied before drawdown
6. Drawdown Mechanics: Procedures and requirements for utilizing the facilities
7. Interest and Fees: Interest rates, calculation methods, and applicable fees
8. Repayment and Prepayment: Terms for scheduled repayments and voluntary prepayments
9. Representations and Warranties: Borrower's statements of fact and assurances
10. Covenants: Positive and negative undertakings of the borrower
11. Events of Default: Circumstances constituting default and consequences
12. Changes to Parties: Rules for assignments and transfers
13. Administration: Payment mechanics, calculations, and notices
14. Governing Law and Jurisdiction: Choice of law and dispute re红杏直播 provisions
15. Execution: Signature blocks and execution details
1. Security: Required if the facilities are secured, detailing security arrangements and enforcement rights
2. Guarantees: Include when third-party guarantees are part of the credit support structure
3. Syndication Provisions: Required for syndicated facilities, including agency and majority lender provisions
4. Market Disruption: Include for floating rate facilities to address market disruption events
5. Increased Costs and Tax Gross-Up: Include for complex corporate facilities or cross-border transactions
6. Multiple Currencies: Required if the facilities include multiple currency options
7. Accordion Feature: Optional provision allowing for future increase in facility amount
8. Subordination: Include when there are multiple tiers of debt requiring subordination arrangements
1. Conditions Precedent Documents: Detailed list of required documents and conditions
2. Form of Drawdown Request: Standard form for requesting utilization of facilities
3. Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Form of Compliance Certificate: Template for periodic financial covenant compliance reporting
5. Form of Transfer Certificate: Standard form for transferring commitments between lenders
6. Existing Security: Details of any existing security arrangements
7. Borrower Group Structure: Corporate structure chart of borrower group
8. Financial Covenants Calculations: Detailed methodology for calculating financial covenants
9. Form of Accession Deed: Template for additional parties joining the agreement
10. Notice Details: Contact information and notice requirements for all parties
Authors
Banking and Financial Services
Real Estate
Manufacturing
Retail
Technology
Healthcare
Energy and Resources
Infrastructure
Agriculture
Transportation and Logistics
Telecommunications
Professional Services
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit Administration
Senior Management
Company Secretariat
Operations
Chief Financial Officer
Treasury Manager
Finance Director
Corporate Lawyer
Legal Counsel
Credit Risk Manager
Relationship Manager
Loan Officer
Compliance Officer
Financial Controller
Corporate Banking Manager
Chief Executive Officer
Risk Manager
Company Secretary
Finance Manager
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