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The Revolving Loan Agreement is a crucial financing document used in South Africa when parties seek to establish a flexible borrowing arrangement. It enables borrowers to access funds on a revolving basis up to a predetermined limit, with the ability to repay and re-borrow during the facility period. This type of agreement must comply with South African legislation, particularly the National Credit Act 34 of 2005, the Financial Intelligence Centre Act, and other relevant banking and finance laws. It's commonly used for working capital financing, trade finance, or ongoing operational needs where flexible access to credit is required. The agreement includes comprehensive provisions on facility mechanics, security arrangements, compliance requirements, and the parties' rights and obligations, all tailored to the South African legal and regulatory environment.

1. Parties: Identification of the Lender and Borrower with their full legal names, registration numbers, and addresses

2. Background: Context of the agreement, relationship between parties, and purpose of the revolving facility

3. Definitions and Interpretation: Definitions of key terms, interpretation rules, and applicable principles

4. The Facility: Details of the revolving loan facility including the facility limit and availability period

5. Purpose: Specified purpose(s) for which the loan facility may be used

6. Conditions Precedent: Conditions that must be satisfied before facility becomes available

7. Drawdown Mechanics: Procedures and requirements for drawing down funds, including notice requirements and minimum amounts

8. Interest and Fees: Interest rate, calculation methods, payment dates, and applicable fees

9. Repayment Terms: Repayment obligations, payment mechanics, and revolving nature of the facility

10. Representations and Warranties: Standard and specific representations made by the Borrower

11. Undertakings: General and financial covenants the Borrower must maintain

12. Events of Default: Circumstances constituting default and consequences thereof

13. Security: Details of any security provided for the facility

14. Payments: Payment mechanics, currency, and payment days

15. General Provisions: Standard legal provisions including notices, amendments, and governing law

16. Signing Page: Execution provisions and signature blocks