51��Ƶ����

The Revolving Credit Loan Agreement is a fundamental financing document used in the UAE when a borrower requires flexible access to credit that can be drawn, repaid, and redrawn over time. This agreement type is particularly suitable for businesses with cyclical cash flows or varying working capital needs. The document must comply with UAE Federal Law No. 18 of 2017 (Commercial Transactions Law) and UAE Central Bank regulations, with optional provisions for Sharia compliance. It typically includes detailed sections on facility mechanics, conditions for drawdown, pricing provisions, representations and warranties, covenants, and events of default. The agreement's structure accommodates various security arrangements and can be adapted for both conventional and Islamic financing structures, making it versatile for different business requirements in the UAE market.

1. Parties: Identification of the lender(s) and borrower(s) with full legal names and addresses

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

3. Definitions and Interpretation: Detailed definitions of terms used and interpretation rules

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

5. Conditions Precedent: Requirements to be satisfied before initial and subsequent drawdowns

6. Drawdown Procedures: Process and requirements for requesting and making drawdowns

7. Repayment and Prepayment: Terms for regular repayments and voluntary/mandatory prepayments

8. Interest and Fees: Calculation and payment of interest/profit rate and all applicable fees

9. Market Disruption and Replacement of Screen Rate: Provisions for handling market disruption events and screen rate changes

10. Tax Provisions: Treatment of taxes, including withholding tax and VAT

11. Increased Costs and Illegality: Provisions for handling regulatory changes affecting the facility

12. Representations and Warranties: Borrower's confirmations about its status and capacity

13. Information Undertakings: Borrower's obligations to provide financial and other information

14. Financial Covenants: Financial ratios and tests the borrower must maintain

15. General Undertakings: Borrower's operational and business commitments

16. Events of Default: Circumstances allowing lender to cancel facility and demand repayment

17. Changes to Parties: Rules for transfers and assignments

18. Payment Mechanics: Administrative provisions for making payments

19. Set-off: Lender's rights to set off amounts due against borrower's accounts

20. Notices: Communication procedures between parties

21. Calculations and Certificates: Rules for calculations and evidential value of certificates

22. Partial Invalidity: Severance provisions for unenforceable terms

23. Remedies and Waivers: Preservation of rights and effect of waivers

24. Amendments and Waivers: Process for modifying the agreement

25. Confidentiality: Obligations regarding confidential information

26. Counterparts: Execution in multiple copies

27. Governing Law: UAE law as governing law

28. Enforcement: Jurisdiction and dispute resolution provisions