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The Master Lending Agreement serves as the primary document governing the lending relationship between financial institutions and borrowers in South Africa. It is typically used when establishing a long-term lending relationship where multiple facilities may be required over time. The agreement incorporates requirements from key South African legislation including the National Credit Act, FICA, and financial sector regulations, providing a comprehensive framework for various types of lending facilities. It includes detailed provisions for facility utilization, security arrangements, covenant packages, and regulatory compliance, while allowing flexibility to accommodate different types of facilities through supplemental documentation. This structure enables efficient establishment of new facilities without renegotiating fundamental terms for each transaction.

1. Parties: Identification of the lender and borrower, including registration details and addresses

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

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

4. Facility Framework: General framework for the lending relationship and establishment of facilities

5. Conditions Precedent: Conditions that must be satisfied before any facility becomes available

6. Utilization Procedures: Process and requirements for requesting and receiving loans under the facilities

7. Interest and Fees: Calculation and payment of interest, fees, and other charges

8. Repayment Terms: General repayment obligations and procedures

9. Representations and Warranties: Standard representations and warranties from the borrower

10. Covenants: Financial and operational covenants, including information provision requirements

11. Events of Default: Circumstances constituting default and consequences

12. Security: General security provisions and requirements

13. Payments and Calculations: Payment mechanics, currency provisions, and calculation conventions

14. Changes to Parties: Assignment and transfer provisions

15. Notices: Communication requirements and contact details

16. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, etc.