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Credit Facilities Agreement Template for Qatar

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Key Requirements PROMPT example:

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."

Document background
The Credit Facilities Agreement is a fundamental document in Qatar's banking and finance sector, used when a lender extends credit to a borrower. It must comply with Qatar Central Bank regulations, the Qatar Central Bank Law (Law No. 13 of 2012), and other relevant Qatar legislation. The agreement details all aspects of the credit relationship, including facility types (term loans, revolving facilities, etc.), utilization procedures, repayment terms, security requirements, and borrower obligations. It's particularly important in Qatar's growing economy where major infrastructure projects, real estate development, and business expansion require significant financing. The document can be adapted for conventional or Islamic financing structures, considering Qatar's dual banking system.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























































































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Relevant Industries

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

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Banking

Credit Administration

Operations

Islamic Banking

Commercial Banking

Project Finance

Corporate Advisory

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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