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Trade Credit Agreement
"I need a Trade Credit Agreement under Qatar law for a QAR 5 million facility between Al Manaar Bank and Gulf Trading LLC, with security over the borrower's inventory and a corporate guarantee from the parent company."
1. Parties: Identification of the credit provider and the borrower, including full legal names and registration details
2. Background: Context of the trade credit arrangement and business relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Credit Facility: Details of the credit facility, including credit limit, purpose, and availability period
5. Interest and Fees: Specification of applicable interest rates, fees, and charges
6. Payment Terms: Payment obligations, including repayment schedule, method of payment, and currency
7. Conditions Precedent: Conditions that must be satisfied before the credit facility becomes available
8. Representations and Warranties: Statements of fact and assurances given by the borrower
9. Covenants: Ongoing obligations of the borrower during the term of the agreement
10. Events of Default: Circumstances constituting default and consequences thereof
11. Security: Details of any security or guarantee arrangements
12. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes
1. Islamic Finance Provisions: Specific provisions ensuring Shariah compliance, used when the agreement needs to be Shariah-compliant
2. Insurance: Requirements for insurance coverage, used when specific assets or transactions need to be insured
3. Assignment and Transfer: Provisions regarding the ability to transfer rights or obligations, used in more complex commercial arrangements
4. Anti-Money Laundering Compliance: Specific AML obligations, used when required by the nature of the business or regulatory requirements
5. Force Majeure: Provisions dealing with unforeseen circumstances, used when specific risk allocation is needed
6. Confidentiality: Provisions protecting sensitive information, used when dealing with commercially sensitive arrangements
7. Multiple Drawing Provisions: Procedures for multiple drawdowns, used for revolving credit facilities
1. Credit Limit and Pricing Schedule: Detailed breakdown of credit limits, interest rates, and fee structures
2. Form of Drawdown Notice: Template for requesting drawdowns under the facility
3. Security Documents: Forms of security documents and guarantees
4. Conditions Precedent Documents: List of required documents and conditions to be satisfied
5. Repayment Schedule: Detailed schedule of repayment dates and amounts
6. Authorized Signatories: List of persons authorized to act on behalf of each party
7. Compliance Certificates: Forms for periodic compliance reporting
Authors
Banking & Financial Services
International Trade
Manufacturing
Retail
Wholesale
Import/Export
Construction
Energy
Maritime & Shipping
Logistics & Supply Chain
Legal
Finance
Treasury
Risk Management
Compliance
Commercial
Credit Control
Trade Finance
Corporate Banking
Business Development
Chief Financial Officer
Finance Director
Treasury Manager
Credit Risk Manager
Commercial Director
Legal Counsel
Compliance Officer
Trade Finance Manager
Account Manager
Credit Controller
Financial Controller
Business Development Manager
Risk Management Officer
Corporate Banking Manager
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