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A Credit Agreement is a legally binding contract between a lender and borrower that spells out the terms of a loan in the Netherlands. It details how much money is being borrowed, when it needs to be paid back, and what interest rates apply - similar to a financial roadmap for both parties.

Under Dutch civil law, these agreements must clearly state all fees, payment schedules, and consequences of default. Banks and financial institutions use them for everything from personal loans to large corporate financing, while Dutch regulators require specific consumer protection clauses to be included, especially around interest calculations and early repayment rights.

Consider setting up a Credit Agreement any time you plan to lend or borrow money in the Netherlands, from simple personal loans to complex business financing. These agreements become essential when dealing with Dutch banks, private lenders, or even family members - protecting everyone's interests through clear documentation.

Use them to outline payment schedules, set interest rates, and define consequences for missed payments. They're particularly important for business loans above €50,000, where Dutch financial regulations require detailed documentation. Having a solid Credit Agreement helps prevent misunderstandings and provides legal protection if repayment issues arise.

• Employee Credit Card Agreement: For company-issued credit cards, outlining usage policies and employee responsibilities
• Revolving Credit Agreement: Enables repeated borrowing up to a set limit, common for business credit lines
• Credit Loan Agreement: Standard fixed-term loan contract with set repayment schedule
• Supplier Credit Agreement: Manages payment terms between businesses and their suppliers
• Revolving Credit Facility Agreement: More complex version for larger corporate credit facilities with multiple drawdown options

• Banks and Financial Institutions: Primary lenders who draft and issue Credit Agreements, ensuring compliance with Dutch banking regulations
• Corporate Borrowers: Companies seeking business loans or credit facilities, often represented by their financial directors
• Legal Counsel: Both internal and external lawyers who review and negotiate terms, ensuring alignment with Dutch contract law
• Company Directors: Authorized signatories who bind their organizations to Credit Agreement terms
• Financial Advisors: Help structure deals and review terms, particularly for complex corporate credit facilities
• Regulatory Bodies: Dutch financial authorities who oversee compliance and consumer protection aspects

• Party Details: Gather full legal names, addresses, and registration numbers of all involved parties
• Loan Specifics: Document exact loan amount, interest rate, payment schedule, and term length
• Security Details: List any collateral, guarantees, or other security arrangements
• Default Terms: Define clear consequences for missed payments under Dutch law
• Signatory Authority: Confirm who has legal power to sign for each party
• Compliance Check: Verify alignment with Dutch consumer protection laws and banking regulations
• Documentation: Use our platform to generate a legally-sound agreement that includes all mandatory elements

• Party Identification: Full legal names, addresses, and registration numbers of lender and borrower
• Loan Details: Principal amount, interest rate, and complete payment schedule
• Security Provisions: Description of any collateral or guarantees securing the loan
• Default Conditions: Clear terms for what constitutes default under Dutch law
• Interest Calculation: Detailed method following Dutch usury regulations
• Early Repayment: Terms for early settlement rights per Dutch consumer protection laws
• Dispute Resolution: Jurisdiction and applicable Dutch law references
• Signatures: Designated spaces for authorized representatives with dates

A Credit Agreement differs significantly from an Intercreditor Agreement in both purpose and scope. While both deal with lending arrangements, they serve distinct functions in Dutch financial law.

• Primary Purpose: Credit Agreements establish the core lending relationship between borrower and lender, while Intercreditor Agreements manage relationships between multiple lenders to the same borrower
• Timing of Creation: Credit Agreements come first in the lending process, while Intercreditor Agreements typically follow when multiple lenders become involved
• Party Structure: Credit Agreements involve one lender and one borrower (or borrower group), whereas Intercreditor Agreements coordinate multiple lenders' rights and priorities
• Legal Focus: Credit Agreements detail loan terms and repayment obligations, while Intercreditor Agreements primarily address lender rankings and payment priorities