¶¶Òõ¶ÌÊÓÆµ

Line Of 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 Line Of 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:

Line Of Credit Agreement

Document background
The Line of Credit Agreement is a fundamental financial instrument used in Danish business practice to provide flexible financing solutions. This document is typically employed when a borrower requires ongoing access to funds up to a predetermined limit, rather than a one-time loan disbursement. The agreement must comply with Danish financial regulations, including the Financial Business Act and Credit Agreements Act, and often incorporates relevant EU directives. It details crucial elements such as credit limits, drawdown procedures, interest calculations, security arrangements, and repayment terms. The document is particularly important for businesses seeking working capital solutions or individuals requiring flexible credit arrangements, and must be structured to ensure enforceability under Danish law while protecting both lender and borrower interests.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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.