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The Revolving Credit Loan Agreement is a fundamental financing document used when a borrower requires flexible access to funding over an extended period. This agreement, governed by Philippine law and regulated by the Bangko Sentral ng Pilipinas, establishes a credit facility where the borrower can repeatedly draw down, repay, and reborrow funds up to a predetermined limit. It is particularly useful for businesses with cyclical cash flows or varying working capital needs. The document includes comprehensive provisions on facility mechanics, conditions for drawdown, interest calculations, security arrangements, and borrower obligations, all structured to comply with Philippine banking regulations and market practice. This type of agreement is commonly used for working capital financing, trade finance, and general corporate purposes.

1. Parties: Identification of the lender and borrower with their complete legal names and addresses

2. Background: Context of the agreement and brief description of the revolving credit facility

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

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

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

6. Drawdown Mechanics: Procedures and requirements for making drawdowns under the facility

7. Interest and Fees: Interest rate calculations, payment dates, and applicable fees

8. Repayment and Prepayment: Terms for repayment of drawings and voluntary prepayment provisions

9. Representations and Warranties: Statements of fact and assurances given by the borrower

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

11. Events of Default: Circumstances that constitute default and their consequences

12. Changes to Parties: Rules regarding assignment and transfer of rights and obligations

13. Administration: Administrative provisions including notices and calculations

14. Governing Law and Jurisdiction: Choice of Philippine law and jurisdiction provisions

15. Execution: Signature blocks and execution formalities