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The Revolving Credit Promissory Note is a specialized financial instrument used in Malaysian commercial lending transactions where a flexible credit facility is required. It combines the legal characteristics of a promissory note under the Bills of Exchange Act 1949 with revolving credit features regulated by the Financial Services Act 2013. This document is typically used when businesses need ongoing access to credit with the ability to draw down, repay, and re-draw funds up to a predetermined limit. It contains detailed provisions for credit utilization, interest calculations, repayment terms, and default scenarios, all structured to comply with Malaysian banking regulations and financial legislation. The document is particularly useful for businesses requiring working capital flexibility or managing seasonal cash flow fluctuations.

1. Parties: Identification of the maker (borrower) and payee (lender) with complete legal names and addresses

2. Background: Context of the revolving credit facility and relationship between the parties

3. Definitions: Key terms used in the document including 'Credit Limit', 'Interest Rate', 'Drawing Period', 'Payment Date', etc.

4. Promise to Pay: Unconditional promise to pay the principal amount and interest, including the revolving nature of the facility

5. Credit Facility Terms: Details of the credit limit, availability period, and conditions for drawings

6. Interest Rate and Calculations: Specification of interest rate, calculation method, and payment frequency

7. Repayment Terms: Schedule and manner of repayments, minimum payments, and prepayment provisions

8. Drawing Mechanics: Procedures and conditions for making drawings under the facility

9. Events of Default: Circumstances that constitute default and consequences thereof

10. Representations and Warranties: Standard declarations by the maker regarding their capacity and authority