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1. Parties: Identification of the supplier extending credit and the customer receiving credit, including full legal names and addresses
2. Background: Context of the agreement, including the nature of the business relationship and the purpose of the credit arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Credit Facility: Details of the credit being extended, including credit limit and purpose
5. Interest and Fees: Interest rate(s), calculation method, and any additional fees or charges
6. Payment Terms: Payment schedule, method of payment, and minimum payment requirements
7. Security: Description of any security or collateral provided to secure the credit
8. Representations and Warranties: Statements of fact and promises made by both parties
9. Covenants: Ongoing obligations of the customer during the term of the agreement
10. Events of Default: Circumstances that constitute default and consequences thereof
11. Remedies: Rights and remedies available to the supplier in case of default
12. Term and Termination: Duration of the agreement and circumstances for termination
13. General Provisions: Standard legal provisions including notices, amendments, governing law, etc.
1. Insurance Requirements: Required when the credit facility requires insurance coverage for secured assets
2. Financial Covenants: Include when specific financial ratios or conditions must be maintained
3. Guarantees: Required when a third party is guaranteeing the credit obligations
4. Cross-Default Provisions: Include when default under other agreements should trigger default under this agreement
5. Currency Provisions: Required for cross-border transactions or when multiple currencies are involved
6. Set-off Rights: Include when the supplier wants the right to set off amounts owed against other accounts
7. Assignment and Transfer: Include when either party needs the ability to assign or transfer rights under the agreement
1. Schedule A - Credit Limits and Pricing: Detailed breakdown of credit limits, interest rates, and fee structure
2. Schedule B - Payment Schedule: Detailed payment terms, dates, and amounts
3. Schedule C - Security Documents: List and copies of security documents, if applicable
4. Schedule D - Financial Reporting Requirements: Details of required financial statements and reporting frequency
5. Schedule E - Permitted Liens: List of pre-existing or permitted liens on secured assets
6. Appendix 1 - Form of Draw Request: Standard form for requesting draws on the credit facility
7. Appendix 2 - Compliance Certificate: Template for periodic compliance certification
Manufacturing
Wholesale Trade
Retail
Construction
Technology
Agriculture
Mining
Transportation and Logistics
Industrial Equipment
Healthcare
Energy
Telecommunications
Professional Services
Legal
Finance
Procurement
Treasury
Credit Control
Risk Management
Commercial Operations
Supply Chain
Accounts Payable
Accounts Receivable
Compliance
Operations
Chief Financial Officer
Finance Director
Credit Manager
Procurement Manager
Supply Chain Director
Legal Counsel
Commercial Director
Treasury Manager
Accounts Payable Manager
Accounts Receivable Manager
Risk Manager
Contract Administrator
Business Development Manager
Financial Controller
Operations Director
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