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Business Credit Agreement
"I need a Business Credit Agreement governed by Swiss law for a CHF 5 million revolving credit facility between Swiss Bank AG as lender and TechStart GmbH as borrower, with quarterly interest payments and a maturity date of March 15, 2025."
1. Parties: Identification of the lender and borrower with full legal names, registration details, and addresses
2. Background: Context of the credit facility and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. The Facility: Details of the credit facility including amount, purpose, and availability period
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Utilization: Process and requirements for drawing down the credit facility
7. Repayment: Terms and schedule of repayment, including early repayment provisions
8. Interest: Interest rate, calculation method, and payment periods
9. Fees and Costs: All applicable fees, charges, and cost allocation
10. Representations and Warranties: Statements of fact and assurances given by the borrower
11. Covenants: Positive and negative obligations of the borrower during the facility period
12. Events of Default: Circumstances constituting default and consequences
13. Security: Details of any security or guarantees provided
14. Communications: Methods and requirements for formal communications between parties
15. Assignment and Transfer: Rights and restrictions regarding transfer of rights under the agreement
16. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
17. Execution: Signature blocks and execution requirements
1. Accordion Facility: Optional provision for increasing the facility amount under specified conditions
2. Multi-currency Provisions: Include when the facility can be drawn in multiple currencies
3. Tax Gross-up and Indemnities: Detailed tax provisions when cross-border elements exist
4. Bank Accounts: Specific requirements for designated accounts when complex banking arrangements are needed
5. Syndication Provisions: Include when multiple lenders are involved or syndication is contemplated
6. Insurance Requirements: Detailed insurance obligations when specific coverage is required
7. Financial Covenants: Specific financial ratios and tests when additional financial monitoring is required
8. Security Trustee Provisions: Include when security is held by a trustee for multiple lenders
1. Schedule 1 - Conditions Precedent Documents: List of all required documents and conditions to be satisfied
2. Schedule 2 - Utilization Request Form: Standard form for requesting drawdown of the facility
3. Schedule 3 - Repayment Schedule: Detailed amortization schedule if applicable
4. Schedule 4 - Interest Calculation Examples: Examples of interest calculations for clarity
5. Schedule 5 - Security Documents: List and copies of all security documents
6. Schedule 6 - Financial Covenants Calculations: Formulas and examples for financial covenant calculations
7. Appendix A - Company Resolution: Corporate approvals authorizing the facility
8. Appendix B - Compliance Certificate Template: Standard form for periodic compliance certification
Authors
Banking and Financial Services
Manufacturing
Retail
Technology
Real Estate
Construction
Healthcare
Transportation and Logistics
Energy
Telecommunications
Agriculture
Hospitality
Professional Services
Media and Entertainment
Industrial
Consumer Goods
Legal
Finance
Treasury
Risk Management
Compliance
Credit Administration
Corporate Banking
Operations
Business Development
Board of Directors
Executive Management
Company Secretariat
Relationship Management
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Risk Manager
Credit Manager
Relationship Manager
Commercial Banking Officer
Compliance Officer
Business Development Manager
Financial Controller
Managing Director
Board Member
Company Secretary
Account Manager
Credit Analyst
Operations Manager
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