¶¶Òõ¶ÌÊÓÆµ

Business Credit Agreement Template for Denmark

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Credit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Business Credit Agreement

Document background
The Business Credit Agreement serves as the primary documentation for establishing credit facilities between financial institutions and business entities in Denmark. This document is essential when a business seeks formal credit arrangements, whether for working capital, expansion, asset acquisition, or other business purposes. The agreement must comply with Danish financial regulations and banking practices, incorporating requirements from the Danish Financial Business Act, Danish Contracts Act, and related legislation. It typically includes detailed sections on credit terms, security arrangements, financial covenants, and reporting requirements. The document is designed to protect both lender and borrower interests while ensuring clarity on obligations, default scenarios, and remedy procedures. This type of agreement is particularly crucial for maintaining clear documentation of significant financial arrangements and ensuring regulatory compliance in the Danish business environment.
Suggested Sections

1. Parties: Identification of the lender and borrower with full legal names, registration numbers, and addresses

2. Background: Context of the credit arrangement and purpose of the facility

3. Definitions: Definitions of key terms used throughout the agreement

4. The Credit Facility: Details of the credit amount, type of facility, and purpose

5. Conditions Precedent: Conditions that must be satisfied before the credit facility becomes available

6. Interest and Fees: Interest rate calculations, payment schedules, and applicable fees

7. Repayment Terms: Repayment schedule, methods, and prepayment provisions

8. Representations and Warranties: Statements of fact and assurances given by the borrower

9. Covenants: Positive and negative obligations of the borrower during the term of the facility

10. Events of Default: Circumstances constituting default and consequences

11. Security: Basic security arrangements and guarantees

12. Notices: Communication requirements and contact details

13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction

14. Signatures: Execution blocks for all parties

Optional Sections

1. Accordion Facility: Optional section for when the facility includes the possibility of increasing the credit limit under specified conditions

2. Multiple Borrowers: Additional provisions when there are multiple borrowers or a group structure

3. Currency Provisions: Required when the facility involves multiple currencies

4. Syndication Provisions: Needed when the facility may be syndicated to multiple lenders

5. Subordination Terms: Required when there are multiple creditors with different priorities

6. Tax Gross-Up: Provisions for tax implications and withholding requirements

7. Market Disruption: Provisions dealing with significant market changes affecting interest rates

8. Force Majeure: Specific provisions for handling unforeseen circumstances

Suggested Schedules

1. Schedule 1 - Conditions Precedent Documents: List of required documents and conditions to be satisfied before drawdown

2. Schedule 2 - Form of Drawdown Notice: Template for requesting utilization of the credit facility

3. Schedule 3 - Calculation of Interest: Detailed methodology for interest calculations and examples

4. Schedule 4 - Repayment Schedule: Detailed amortization or repayment schedule if applicable

5. Schedule 5 - Security Documents: List and copies of all security documents

6. Schedule 6 - Financial Covenants: Detailed financial ratios and calculations

7. Appendix A - Compliance Certificate: Template for periodic compliance certification

8. Appendix B - Fee Schedule: Detailed breakdown of all applicable fees

Authors

Relevant legal definitions



















































Clauses







































Relevant Industries
Relevant Teams
Relevant Roles
Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Bilateral Credit Agreement

find out more

Standby Letter Of Credit Agreement

find out more

Line Of Credit Contract

find out more

Credit Application And Agreement

find out more

Home Credit Agreement

find out more

Credit Swap Agreement

find out more

Credit Term Agreement

find out more

Credit Service Agreement

find out more

Term Loan Credit Agreement

find out more

Home Equity Agreement

find out more

Business Credit Agreement

find out more

Letter Of Credit Contract

find out more

Creditor Agreement

find out more

Credit Note Agreement

find out more

Credit Application Agreement

find out more

Term Facility Agreement

find out more

Employee Credit Card Agreement

find out more

Money Lending Contract

find out more

Credit Support Agreement

find out more

Consumer Credit Agreement

find out more

Trade Credit Agreement

find out more

Credit Facilities Agreement

find out more

Revolving Credit Loan Agreement

find out more

Line Of Credit Agreement

find out more

Revolving Credit Agreement

find out more

Credit Assignment Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.