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This Revolving Loan Agreement template is designed for use in the Philippine jurisdiction when parties wish to establish a flexible credit facility where funds can be borrowed, repaid, and reborrowed. It incorporates requirements under Philippine banking laws and BSP regulations, including mandatory truth in lending disclosures and interest rate regulations. The document is particularly suitable for working capital financing, trade finance, or ongoing business operations where borrowing needs fluctuate. It includes comprehensive provisions for facility operation, security (if applicable), borrower obligations, and lender rights, all aligned with Philippine commercial practice and regulatory requirements. The agreement can be adapted for various facility sizes and borrower types, from SMEs to large corporations, while maintaining compliance with local banking regulations.

1. Parties: Identifies the lender(s) and borrower(s) with complete legal names and addresses

2. Background: Sets out the context of the agreement and the parties' intention to enter into a revolving loan arrangement

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

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

5. Drawing and Repayment: Mechanics of how the borrower can draw down funds and requirements for repayment

6. Interest and Fees: Interest calculation method, payment dates, default interest, and applicable fees

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

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

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

10. Events of Default: Circumstances that would allow the lender to terminate the facility and demand repayment

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

12. Payment Mechanics: Details of payment procedures, currency, and business day conventions

13. Notices: How formal communications between parties should be made

14. Miscellaneous: Standard boilerplate provisions including amendments, waivers, and severability

15. Governing Law and Jurisdiction: Specifies Philippine law as governing law and jurisdiction for disputes