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The Credit Facilities Agreement is a fundamental financial document used when a lender (typically a bank or financial institution) agrees to provide credit facilities to a borrower under Danish law. This agreement is essential for documenting various types of credit arrangements, including term loans, revolving facilities, and overdraft facilities. The document comprehensively addresses key aspects such as facility terms, interest calculations, security arrangements, representations and warranties, and covenant packages, all while ensuring compliance with Danish financial regulations and relevant EU directives. It's particularly important in commercial lending transactions where clear documentation of obligations, rights, and remedies is crucial for all parties involved. The agreement must incorporate specific Danish law requirements regarding interest rates, fees, and mandatory disclosure obligations, while also addressing any applicable EU banking regulations.

1. Parties: Identification of the lender(s), borrower(s), and any guarantors or security providers

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

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation

4. The Facility: Core terms 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 facility

7. Interest: Interest calculation, periods, and payment terms, including default interest

8. Fees: All applicable fees including arrangement, commitment, and prepayment fees

9. Repayment: Terms and schedule for repayment of the facility

10. Prepayment and Cancellation: Provisions for voluntary and mandatory prepayment and facility cancellation

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

12. Information Undertakings: Borrower's obligations to provide financial and other information

13. General Undertakings: Borrower's general obligations and restrictions during the facility period

14. Events of Default: Circumstances constituting default and consequences

15. Changes to Parties: Provisions regarding assignment, transfer, and succession

16. Administration: Administrative provisions including calculations and payments

17. Notices: Communication requirements and contact details

18. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction provisions