Document background
The Creditor Agreement is a fundamental legal document used in financing transactions under Irish law, establishing the framework for lending relationships between creditors and debtors. It is typically employed when providing term loans, revolving credit facilities, or other financing arrangements, whether for commercial or consumer purposes. The agreement must comply with Irish financial regulations, including the Consumer Credit Act 1995 and Central Bank regulations where applicable, as well as relevant EU directives. It contains comprehensive provisions covering credit terms, security arrangements, representations and warranties, covenants, events of default, and enforcement mechanisms. This document is crucial for protecting the interests of both the creditor and debtor, ensuring clarity in their obligations and rights, and providing a clear framework for managing the lending relationship throughout its lifecycle.
