Document background
The Revolving Agreement serves as a fundamental document in UAE banking and commercial relationships, providing a framework for flexible, recurring credit arrangements. It is commonly used when a borrower requires ongoing access to credit with the ability to draw down, repay, and re-borrow within a specified limit. The document must comply with UAE Federal Laws, including the Civil Code and Commercial Code, as well as UAE Central Bank regulations. This agreement type is particularly valuable for businesses with fluctuating capital needs or those requiring regular working capital facilities. It includes comprehensive provisions covering facility terms, security arrangements (if applicable), compliance requirements, and operational procedures, all structured to ensure enforceability under UAE law and alignment with local banking practices.
