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Credit Facilities Agreement
"I need a Credit Facilities Agreement under Qatar law for a USD 50 million conventional term loan facility to finance a new hotel development project in Doha, with the facility to be secured by real estate assets and guaranteed by the parent company, with first drawdown expected in March 2025."
1. Parties: Identification of the lender(s) and borrower(s) with full legal names and addresses
2. Background: Context of the credit facility and purpose of the agreement
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules
4. The Facilities: Detailed description of the credit facilities being provided, including types, amounts, and purposes
5. Purpose: Specified permitted uses of the credit facilities
6. Conditions Precedent: Documents and conditions required before utilization of the facilities
7. Utilization: Process and requirements for drawing down the facilities
8. Repayment: Terms and schedule for repayment of the facilities
9. Prepayment: Voluntary and mandatory prepayment provisions
10. Interest: Interest calculation, periods, and payment provisions
11. Fees: All applicable fees, commissions, and charges
12. Tax Provisions: Tax-related obligations and gross-up provisions
13. Representations and Warranties: Standard and Qatar-specific representations and warranties
14. Information Undertakings: Ongoing information and reporting requirements
15. General Undertakings: Positive and negative covenants of the borrower
16. Events of Default: Circumstances constituting default and consequences
17. Changes to Parties: Assignment and transfer provisions
18. Payment Mechanics: Payment procedures, timing, and currency provisions
19. Governing Law and Enforcement: Qatar law as governing law and enforcement provisions
20. Administrative Provisions: Notice requirements, calculations, and partial invalidity provisions
1. Security: Required when the facility is secured, detailing security arrangements and enforcement
2. Guarantee: Required when there are guarantors to the facility
3. Islamic Facility Provisions: Required for Shariah-compliant facilities, including specific structural requirements
4. Syndication Provisions: Required for syndicated facilities, including mechanics for multiple lenders
5. Increased Costs: Optional protection for lenders against regulatory changes affecting costs
6. Market Disruption: Optional provisions dealing with market disruption events
7. Multi-currency Provisions: Required if the facility includes multiple currencies
8. Set-off Rights: Optional broader set-off rights beyond standard provisions
1. Schedule 1 - Conditions Precedent: Detailed list of required conditions precedent documents
2. Schedule 2 - Utilization Request Form: Form for requesting drawdown of facilities
3. Schedule 3 - Repayment Schedule: Detailed repayment schedule if term facility
4. Schedule 4 - Financial Covenants: Detailed financial covenants and calculations
5. Schedule 5 - Form of Compliance Certificate: Template for periodic compliance certification
6. Schedule 6 - Form of Transfer Certificate: Template for transfers between lenders if applicable
7. Schedule 7 - Security Documents: List and copies of security documents if secured facility
8. Schedule 8 - Fees Schedule: Detailed breakdown of all applicable fees
9. Schedule 9 - Contact Details: Contact information for all parties and notice details
10. Schedule 10 - Form of Accession Deed: Template for additional parties joining the agreement
Authors
Banking and Financial Services
Real Estate and Construction
Energy and Natural Resources
Manufacturing and Industrial
Retail and Consumer
Healthcare
Technology and Communications
Transportation and Logistics
Hospitality and Tourism
Education
Infrastructure Development
Trading and Commerce
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit Administration
Operations
Islamic Banking
Commercial Banking
Project Finance
Corporate Advisory
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Compliance Officer
Credit Risk Manager
Relationship Manager
Corporate Banking Manager
Finance Manager
Project Finance Manager
Islamic Banking Specialist
Senior Loan Officer
Credit Analysis Manager
Banking Operations Manager
Commercial Director
Business Development Manager
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