The Inter Credit Agreement serves as the primary document governing credit relationships between financial institutions in India. It is typically used when one financial institution extends credit facilities to another, whether for liquidity management, industry-specific lending, or specialized financing arrangements. The agreement must comply with Indian banking regulations, RBI guidelines, and other relevant legislation such as the Banking Regulation Act, 1949, and SARFAESI Act. The document includes detailed provisions for facility terms, drawdown mechanisms, security arrangements, regulatory compliance requirements, and default remedies. It's particularly important in the Indian context where inter-bank lending and credit relationships are subject to strict regulatory oversight and specific legal requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and provides details of the financial institutions entering into the agreement
2. Background: Sets out the context and purpose of the inter-credit arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. The Facility: Details the credit facility, including amount, purpose, and availability period
5. Conditions Precedent: Specifies conditions that must be satisfied before the facility becomes available
6. Drawdown: Sets out the mechanism and process for drawing down the credit facility
7. Interest: Specifies interest rates, calculation methods, and payment periods
8. Repayment: Details the repayment schedule and mechanisms
9. Prepayment: Provisions regarding voluntary and mandatory prepayment
10. Representations and Warranties: Standard declarations made by both parties
11. Covenants: Positive and negative obligations of the parties
12. Events of Default: Lists circumstances constituting default and consequences
13. Changes to Parties: Provisions for assignment and transfer of rights
14. Administration: Covers operational aspects like payments, calculations, and notices
15. Governing Law and Jurisdiction: Specifies applicable law and dispute resolution mechanism
1. Security: Include when the facility is secured by specific assets or guarantees
2. Syndication Provisions: Required when multiple lenders are involved or syndication is contemplated
3. Increased Costs: Include when regulatory changes might affect lending costs
4. Market Disruption: Include for floating rate facilities to address market disruption scenarios
5. Tax Gross-Up and Indemnities: Include when tax implications need specific attention
6. Currency Provisions: Required when dealing with multiple currencies
7. Set-off Rights: Include when specific set-off arrangements are needed
8. Subordination: Include when the credit facility needs to be subordinated to other debt
1. Schedule 1 - Conditions Precedent Documents: List of documents required before facility becomes effective
2. Schedule 2 - Form of Drawdown Notice: Template for requesting drawdown under the facility
3. Schedule 3 - Repayment Schedule: Detailed repayment dates and amounts
4. Schedule 4 - Form of Transfer Certificate: Template for transferring rights and obligations
5. Schedule 5 - Financial Covenants Calculations: Formulas and methods for calculating financial covenants
6. Schedule 6 - Forms of Security Documents: Templates of security documentation if applicable
7. Appendix A - Interest Calculation Examples: Examples showing interest calculation methodology
8. Appendix B - Contact Details: List of authorized contacts and notice details for all parties
Find the exact document you need
Individual Voluntary Credit Agreement
An Indian law-governed agreement establishing voluntary credit terms between a lender and individual borrower, compliant with RBI guidelines and banking regulations.
Download
Deleted Credit Agreement
An Indian law-governed agreement documenting the termination and deletion of a credit facility, including settlement acknowledgments and mutual releases.
Download
Credit Repair Contract
An Indian law-governed agreement between a credit repair service provider and client, outlining credit repair services, obligations, and terms.
Download
Debt Consolidation Agreement
An Indian law-governed agreement that combines multiple existing debts into a single loan with unified terms and conditions, compliant with Indian banking regulations.
Download
Large Credit Agreement
A comprehensive credit facility agreement under Indian law establishing terms for large-scale institutional lending, incorporating local regulatory requirements and security provisions.
Download
Available Amount Credit Agreement
An Indian law-governed credit facility agreement allowing borrowers to draw funds up to a specified limit during an agreed availability period.
Download
Debtor Creditor Supplier Agreement
An Indian law-governed tripartite agreement establishing supply and credit arrangements between supplier, debtor, and creditor, with associated payment and security terms.
Download
Voluntary Surrender Agreement
An Indian legal document facilitating the voluntary surrender of property or asset rights from one party to another, ensuring compliance with local laws and regulations.
Download
Incidental Credit Agreement
An Indian law-governed agreement establishing terms for incidental credit facilities between a credit provider and borrower, addressing ancillary credit arrangements in business relationships.
Download
Application For Credit Facility Letter
An Indian banking document used to formally request and document credit facilities from financial institutions, subject to RBI regulations and banking laws.
Download
Inter Credit Agreement
An Indian law-governed agreement establishing credit facilities between financial institutions, detailing lending terms and regulatory compliance requirements.
Download
Credit Hire Agreement
An Indian law-governed agreement establishing terms for asset hiring with credit payment facilities, combining hire and credit facility provisions.
Download
Retail Installment Credit Agreement
An Indian law-governed agreement establishing terms for retail credit between a financial institution and consumer, compliant with RBI guidelines and consumer protection regulations.
Download
Credit Card Debt Settlement Agreement
An Indian law-governed agreement between a financial institution and debtor for settling outstanding credit card debt, specifying settlement terms and payment conditions.
Download
Credit Card Arbitration Agreement
An Indian law-governed agreement establishing arbitration as the dispute resolution mechanism between credit card issuers and cardholders.
Download
Credit Partner Agreement
An Indian law-governed agreement establishing terms and conditions between a financial institution and credit partner for credit distribution and risk-sharing arrangements.
Download
Business Line Of Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility between a financial institution and a business, outlining borrowing terms and security arrangements.
Download
Secured Line Of Credit Agreement
An Indian law-governed agreement establishing a secured credit facility between lender and borrower, backed by security interests in assets.
Download
Credit Card Settlement Agreement
An Indian law-governed agreement between a credit card issuer and cardholder to settle outstanding credit card debt for a reduced amount.
Download
Unsecured Credit Agreement
An Indian law-governed Unsecured Credit Agreement establishing terms for lending without collateral, compliant with RBI guidelines and banking regulations.
Download
Development Credit Agreement
An Indian law-governed agreement establishing terms and conditions for development financing between funding institutions and implementing agencies.
Download
Cash Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility against current assets security, detailing credit limits, interest rates, and operational terms.
Download
Secured Credit Agreement
An Indian law-governed agreement establishing terms for secured credit facilities, including security arrangements, borrower obligations, and enforcement mechanisms.
Download
Promissory Note Credit Agreement
An Indian law-governed agreement combining a promissory note with credit facility terms, establishing loan obligations and repayment conditions.
Download
General Credit Agreement
An Indian law-governed agreement establishing credit facility terms between lender and borrower, including loan conditions, security arrangements, and regulatory compliance requirements.
Download
Credit Enhancement Agreement
An Indian law-governed agreement providing credit support mechanisms to strengthen financial transactions, detailing enhancement structures and party obligations under Indian regulatory requirements.
Download
Credit Card Responsibility Agreement
An Indian law-governed agreement establishing terms and conditions between credit card issuers and cardholders, aligned with RBI guidelines.
Download
Short Term Credit Agreement
An Indian law-governed agreement establishing terms for short-term credit facilities, compliant with RBI guidelines and banking regulations.
Download
Instalment Credit Agreement
An Indian law-governed agreement establishing terms for credit facility repayment in regular installments, compliant with Indian banking and consumer protection regulations.
Download
Credit Swap Agreement
An Indian law-governed agreement facilitating the transfer of credit risk between financial institutions, subject to RBI and SEBI regulations.
Download
30 Day Credit Agreement
An Indian law-governed agreement establishing terms for a 30-day credit facility, including payment terms, interest, and enforcement provisions.
Download
Credit Service Agreement
An Indian law-governed agreement establishing terms and conditions for credit services between financial institutions and borrowers, ensuring regulatory compliance and protecting all parties' interests.
Download
Standby Credit Agreement
An Indian law-governed agreement establishing terms for a bank-issued standby credit facility, serving as a contingent payment mechanism in business transactions.
Download
Revolving Credit Facility Agreement
An Indian law-governed agreement establishing a revolving credit facility between lender and borrower, detailing terms for multiple drawdowns and repayments within an agreed limit.
Download
Revolving Credit Promissory Note
An Indian law-governed financial instrument combining a promissory note with revolving credit facility features, allowing repeated borrowing up to a set limit with ongoing repayment options.
Download
Letter Of Credit Reimbursement Agreement
An Indian-law governed agreement establishing terms for LC reimbursement between banks, detailing payment obligations and procedures in accordance with RBI guidelines.
Download
Home Equity Agreement
An Indian law-governed agreement allowing property owners to monetize their home equity by sharing future appreciation with an investment company.
Download
Business Credit Agreement
An Indian law-governed agreement establishing terms for business credit facilities between a financial institution and a corporate borrower, including facility terms, security arrangements, and regulatory compliance requirements.
Download
Letter Of Credit Contract
An Indian law-governed banking instrument that provides payment security in international trade transactions through documented commitments between parties under UCP 600 guidelines.
Download
Credit Note Agreement
An Indian law-governed agreement that formalizes the issuance of a credit note between parties, ensuring GST compliance and establishing terms for credit adjustments.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)