Document background
The Master Lending Agreement serves as the primary documentation framework for establishing lending relationships in the UAE market. It is designed to comply with UAE federal laws, including the UAE Civil Code, Commercial Transactions Law, and Central Bank regulations, while incorporating international banking practices. This agreement is typically used when parties anticipate multiple lending facilities over time, providing a standardized set of terms that can be efficiently supplemented with facility-specific documentation. The Master Lending Agreement includes comprehensive provisions for both conventional and Islamic facilities, security arrangements, covenant packages, and administrative provisions, reducing the need for repeated negotiation of standard terms while maintaining flexibility for specific facility requirements.
