Inter Credit Agreement Template for Canada

1. Security: Required if the credit facility is secured, detailing security arrangements and enforcement

2. Guarantee: Include when third-party guarantees are part of the credit structure

3. Multicurrency Provisions: Required for facilities available in multiple currencies

4. Syndication Provisions: Include for syndicated facilities with multiple lenders

5. Increased Costs and Tax Gross-Up: Include for cross-border transactions or when tax implications are significant

6. Market Disruption: Include when using floating interest rates to address market disruption scenarios

7. Subordination: Required when there are multiple creditors with different priorities

8. Agent Provisions: Include when a facility agent or security agent is appointed

1. Schedule 1 - Lender Commitments: Details of each lender's commitment amount

2. Schedule 2 - Conditions Precedent Documents: List of required documents and conditions

3. Schedule 3 - Drawdown Request Form: Standard form for requesting drawdowns

4. Schedule 4 - Calculation of Interest: Detailed interest calculation methodology

5. Schedule 5 - Form of Transfer Certificate: Standard form for transferring interests in the facility

6. Schedule 6 - Financial Covenants Calculations: Detailed methodology for calculating financial covenants

7. Schedule 7 - Security Documents: List and copies of security documents

8. Schedule 8 - Repayment Schedule: Detailed schedule of repayment dates and amounts

9. Appendix A - Notice Details: Contact information and notice requirements for all parties

10. Appendix B - Banking Details: Account details for payments and transfers