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The Revolving Credit Agreement is a fundamental financing document used in Qatar's banking sector to provide flexible financing solutions to businesses and individuals. It establishes a credit facility where the borrower can repeatedly draw down funds up to an agreed limit, repay them, and reborrow during the facility period. This type of agreement is particularly valuable in Qatar's dynamic business environment, where companies require flexible working capital solutions. The document must comply with Qatar Central Bank regulations, the Qatar Commercial Code, and other relevant local laws. It typically includes detailed provisions on facility mechanics, conditions precedent, representations and warranties, covenants, and events of default. For larger facilities, it may involve multiple lenders in a syndicated structure, and depending on the parties' requirements, may need to incorporate Shariah-compliant elements common in Qatar's banking sector.

1. Parties: Identification of the lender(s), borrower(s), and any other parties to the agreement

2. Background: Context of the facility and relationship between the parties

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

4. The Facility: Description of the revolving credit facility, its nature, purpose and commitment amount

5. Purpose: Permitted uses of the facility and any restrictions

6. Conditions Precedent: Documents and conditions required before initial and subsequent utilization

7. Utilisation: Process and requirements for drawdowns, including notice requirements and mechanics

8. Repayment and Prepayment: Terms for regular repayment and voluntary/mandatory prepayment provisions

9. Interest and Fees: Interest calculation, payment periods, default interest, and fee structures

10. Tax Provisions: Tax gross-up, payments, and related provisions

11. Increased Costs and Illegality: Provisions dealing with changes in law or circumstances affecting the facility

12. Representations and Warranties: Borrower's confirmations regarding its status and capacity

13. Information Undertakings: Requirements for financial and other information to be provided to the lender

14. General Undertakings: Positive and negative covenants of the borrower

15. Events of Default: Circumstances allowing the lender to cancel the facility and demand repayment

16. Changes to Parties: Transfer and assignment provisions

17. Administration: Payment mechanics, calculations, and notices

18. Governing Law and Enforcement: Choice of Qatar law and jurisdiction provisions