Document background
The Revolving Facility Agreement is a crucial financing document used when businesses require flexible access to credit. Under Singapore law, this agreement establishes a credit facility where the borrower can draw down funds multiple times up to an agreed limit, with the ability to repay and reborrow during the facility period. It is particularly relevant for businesses with varying cash flow needs or seasonal requirements. The agreement must comply with Singapore's Banking Act, MAS regulations, and other relevant financial legislation, making it a comprehensive document that addresses credit terms, security arrangements, compliance requirements, and enforcement mechanisms.
