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Revolving Credit Deed Of Trust for the United Kingdom

Revolving Credit Deed Of Trust Template for England and Wales

A Revolving Credit Deed of Trust is a legal instrument used in England and Wales that combines a revolving credit facility with a trust structure. It establishes a security arrangement where assets are held in trust to secure revolving credit obligations. The document details the credit facility terms, trustee powers and obligations, security arrangements, and enforcement mechanisms, all governed by English law. It provides flexibility for borrowing and repayment while maintaining robust security arrangements through a trust structure.

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Revolving Credit Deed Of Trust

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What is a Revolving Credit Deed Of Trust?

The Revolving Credit Deed of Trust is commonly used in complex financing arrangements under English and Welsh law where security needs to be held for the benefit of multiple or changing lenders. This document is particularly valuable when dealing with syndicated facilities or where the lender group may change over time. It establishes both the revolving credit facility terms and the trust arrangement for holding security, ensuring efficient administration of security interests while maintaining flexibility in the underlying credit facility. The structure is widely recognized in English law and provides clear mechanisms for security enforcement and credit facility management.

What sections should be included in a Revolving Credit Deed Of Trust?

1. Parties: Identification of all parties including lender, borrower, security trustee, and facility agent

2. Background: Context of the revolving credit facility and trust arrangement

3. Definitions: Key terms used throughout the document

4. Trust Declaration: Core provisions establishing the trust arrangement

5. Facility Terms: Key terms of the revolving credit facility

6. Security Provisions: Details of security arrangements and enforcement rights

7. Trustee Powers and Duties: Specific powers and obligations of the trustee

What sections are optional to include in a Revolving Credit Deed Of Trust?

1. Intercreditor Provisions: Required when multiple creditors are involved in the facility arrangement

2. Currency Provisions: Required for multi-currency facilities and international lending arrangements

3. Tax Provisions: Detailed tax arrangements for cross-border transactions or complex tax structures

What schedules should be included in a Revolving Credit Deed Of Trust?

1. Form of Drawdown Notice: Standard form for requesting facility drawdowns

2. Security Documents: List and copies of related security documentation

3. Conditions Precedent: List of required documents and conditions

4. Fee Schedule: Details of all applicable fees and charges

5. Form of Transfer Certificate: Standard form for transferring interests in the facility

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Ƶ

Document Type

Trust Deed

Cost

Free to use
Relevant legal definitions



















































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Industries

Law of Property Act 1925: Primary legislation governing legal estates and trusts of land in England and Wales, essential for establishing the fundamental structure of the trust deed

Trustee Act 2000: Defines the statutory powers, duties and responsibilities of trustees, including investment powers and duty of care standards

Financial Services and Markets Act 2000: Primary regulatory framework for financial services in the UK, establishing the legal basis for financial regulation and oversight

Consumer Credit Act 1974: Regulates credit arrangements with consumers, particularly relevant if the revolving credit facility involves consumer lending

FSMA Regulated Activities Order 2001: Secondary legislation defining specific regulated lending activities and requirements for authorization

FCA Handbook: Regulatory sourcebooks including MCOB and CONC, providing detailed rules and guidance for financial conduct

Land Registration Act 2002: Governs the registration of land and property interests, relevant if the trust involves real property as security

UK Money Laundering Regulations 2017: Sets out anti-money laundering requirements and due diligence procedures for financial arrangements

Data Protection Act 2018: Governs the processing of personal data, including requirements for data protection in financial arrangements

Financial Collateral Arrangements Regulations 2003: Regulates arrangements involving financial collateral, particularly relevant for secured lending structures

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

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