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The Working Capital Facility Agreement is essential for businesses seeking flexible financing for their day-to-day operations in Indonesia. This document is typically used when a company requires revolving credit to finance its working capital needs, such as inventory purchases, accounts receivable, or operational expenses. The agreement must comply with Indonesian banking regulations, including Law No. 7 of 1992 on Banking (as amended) and various OJK regulations. It contains detailed provisions on facility utilization, security arrangements, financial covenants, and reporting requirements specific to the Indonesian market. The document is structured to accommodate both local and international banking practices while ensuring enforceability under Indonesian law.

1. Parties: Identification of the lender(s) and borrower(s), including their registration details as required under Indonesian law

2. Background: Recitals explaining the purpose of the facility and basic commercial understanding

3. Definitions and Interpretation: Definitions of terms used in the agreement and rules of interpretation

4. The Facility: Details of the working capital facility including amount, purpose, and availability period

5. Conditions Precedent: Conditions that must be satisfied before the facility can be utilized

6. Utilization: Procedures and requirements for drawing down the facility

7. Interest: Interest rate, calculation periods, and payment provisions

8. Repayment and Prepayment: Terms for repayment and any voluntary or mandatory prepayment provisions

9. Fees and Expenses: All applicable fees, costs, and expenses

10. Representations and Warranties: Standard and specific representations and warranties given by the borrower

11. Information Undertakings: Obligations to provide financial and other information

12. General Undertakings: Positive and negative covenants applicable to the borrower

13. Events of Default: Circumstances constituting default and consequences

14. Changes to Parties: Provisions regarding assignment and transfer

15. Administration: Administrative provisions including calculations and payments

16. Notices: Communication procedures and contact details

17. Governing Law and Enforcement: Choice of Indonesian law and enforcement provisions