Credit Term Agreement Template for United Arab Emirates

1. Security: Include when the credit facility is secured by collateral or guarantees

2. Insurance: Include when specific insurance requirements are imposed on the borrower

3. Islamic Finance Provisions: Include for Sharia-compliant credit facilities

4. Cross-Default: Include when default under other agreements should trigger default under this agreement

5. Financial Covenants: Include for corporate borrowers with specific financial performance requirements

6. Assignment and Transfer: Include detailed provisions when transferability of the facility is important

7. Increased Costs and Tax Gross-up: Include for longer-term facilities or when tax implications are significant

1. Facility Details: Detailed terms of the credit facility including limits, interest rates, and fees

2. Payment Schedule: Detailed repayment schedule with dates and amounts

3. Conditions Precedent Documents: List of required documents and conditions to be satisfied

4. Form of Drawdown Notice: Template for requesting disbursement under the facility

5. Security Details: Details of any collateral or security arrangements

6. Calculation of Interest and Fees: Detailed methodology for calculating interest and other charges

7. Form of Compliance Certificate: Template for periodic compliance reporting by the borrower