Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Line Of Credit Agreement
1. Parties: Identification of the lender (financial institution) and borrower, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and general purpose of the credit facility
3. Definitions: Definitions of key terms used throughout the agreement
4. The Credit Facility: Details of the credit line including the maximum amount, availability period, and purpose
5. Interest and Fees: Interest rate calculations, fee structure, and payment terms
6. Drawdown Conditions: Conditions precedent and procedures for accessing the credit line
7. Repayment Terms: Terms for repayment, including minimum payments and payment schedule
8. Security: Details of any security or collateral required for the credit facility
9. Representations and Warranties: Statements of fact and assurances given by the borrower
10. Covenants: Ongoing obligations of the borrower during the term of the agreement
11. Events of Default: Circumstances that constitute default and consequences thereof
12. Term and Termination: Duration of the agreement and circumstances for termination
13. Notices: Communication requirements and contact details
14. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Guarantees: Required when there is a personal or corporate guarantee for the credit facility
2. Insurance Requirements: Included when specific insurance coverage is required for the credit facility
3. Change of Control: Relevant for corporate borrowers where ownership changes might affect the agreement
4. Assignment and Transfer: Include when either party needs the right to assign or transfer their rights
5. Syndication Rights: Required for larger facilities where the lender may want to syndicate the loan
6. Multiple Borrowers: Required when there are multiple entities borrowing under the same facility
7. Currency Provisions: Needed when the facility allows for multiple currencies
8. Tax Provisions: Detailed tax clauses required for complex corporate arrangements
1. Schedule 1 - Drawdown Notice Form: Template form for requesting drawdowns under the facility
2. Schedule 2 - Calculation of Interest and Fees: Detailed methodology for calculating interest and fees
3. Schedule 3 - Conditions Precedent: List of documents and conditions required before first drawdown
4. Schedule 4 - Security Documents: Forms and details of required security documents
5. Schedule 5 - Compliance Certificate: Template for periodic compliance certification
6. Appendix A - Authorized Signatories: List of persons authorized to request drawdowns
7. Appendix B - Bank Account Details: Details of accounts for disbursements and payments
8. Appendix C - Financial Covenants Calculations: Methodology for calculating financial covenants if applicable
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
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.
Read our Privacy Policy.