¶¶Òõ¶ÌÊÓÆµ

Line Of Credit Contract 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 Contract

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 Contract

Document background
The Line of Credit Contract is a fundamental financial agreement used in Danish business and consumer lending. This document is essential when a borrower requires flexible access to funds up to a preset limit, rather than a fixed loan amount. It is commonly used for business working capital, expansion projects, or personal financial management. The agreement must comply with Danish financial regulations, including the Danish Credit Agreements Act (Kreditaftaleloven) and the Financial Business Act (Lov om finansiel virksomhed). The contract includes comprehensive details about credit limits, interest rates, drawdown procedures, repayment terms, security arrangements, and the parties' rights and obligations. It's particularly important that the document incorporates all mandatory consumer protection provisions when the borrower is an individual rather than a business entity.
Suggested Sections

1. Parties: Identification of the lender and borrower with full legal names and registration details

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

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

4. The Credit Facility: Details of the credit limit, purpose, and general terms of the facility

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

6. Interest and Fees: Specification of interest rates, calculation methods, and applicable fees

7. Drawdown Mechanics: Procedures and requirements for drawing down the credit facility

8. Repayment Terms: Terms for repayment including minimum payments and payment schedules

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 facility

11. Events of Default: Circumstances that constitute default and their consequences

12. Security: Details of any security or collateral required for the facility

13. Termination: Circumstances and procedures for terminating the facility

14. General Provisions: Standard legal provisions including notices, amendments, and governing law

Optional Sections

1. Guarantees: Required when the credit facility is supported by third-party guarantees

2. Insurance Requirements: Included when specific insurance coverage is required from the borrower

3. Special Drawing Rights: For facilities with specific drawing conditions or restrictions

4. Currency Provisions: Required for multi-currency facilities

5. Financial Covenants: Included for corporate borrowers where financial metrics need to be maintained

6. Consumer Protection Rights: Required when the borrower is a consumer rather than a business

7. Data Protection: Detailed GDPR compliance section when extensive personal data processing is involved

Suggested Schedules

1. Schedule 1 - Facility Details: Specific details of the credit facility including limits, interest rates, and fees

2. Schedule 2 - Conditions Precedent Documents: List of required documents and conditions to be satisfied

3. Schedule 3 - Drawing Notice Form: Template form for requesting drawdowns

4. Schedule 4 - Calculation of Interest and Fees: Detailed methodology for calculating interest and fees

5. Schedule 5 - Reporting Requirements: Forms and timing for required financial reporting

6. Appendix A - KYC Requirements: List of required know-your-customer documentation

7. Appendix B - Security Documents: Forms and details of required security documentation

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.