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The Business Finance Agreement serves as the primary documentation for corporate financing arrangements in Indonesia, establishing the legal relationship between financial institutions and business borrowers. This document is essential when companies seek funding for business expansion, working capital, asset acquisition, or project financing. It must comply with Indonesian banking regulations, OJK requirements, and civil code provisions, including mandatory use of Bahasa Indonesia alongside any other language version. The agreement typically includes detailed terms about facility limits, drawdown mechanisms, security arrangements, financial covenants, and reporting requirements. It's particularly crucial in Indonesia's evolving business environment where proper documentation and regulatory compliance are essential for enforceable financing arrangements.

1. Parties: Identification of the finance provider and recipient, including registration details as required under Indonesian law

2. Background: Context of the financing arrangement and brief description of the purpose

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including Indonesian language requirements

4. Facility Details: Amount, purpose, and type of financing facility being provided

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

6. Drawdown Provisions: Procedures and requirements for accessing the facility

7. Interest and Fees: Interest calculation, payment terms, and applicable fees

8. Repayment Terms: Schedule and methods of repayment, including early repayment provisions

9. Security Arrangements: Details of collateral and security provided, complying with Indonesian security laws

10. Representations and Warranties: Standard and specific assertions about the borrower's status and capacity

11. Covenants: Positive and negative obligations of the borrower during the facility period

12. Events of Default: Circumstances constituting default and consequences

13. Indemnities: Protection and compensation obligations

14. Changes to Parties: Assignment and transfer provisions

15. Notices: Communication requirements and contact details

16. Governing Law and Jurisdiction: Confirmation of Indonesian law governance and dispute resolution provisions

17. Language: Dual language requirements and prevailing version as per Indonesian law