Letter Of Credit Loan Agreement Template for Canada

1. Security Arrangements: Include when the letter of credit facility is secured by collateral

2. Guarantees: Include when there are third-party guarantors for the facility

3. Insurance Requirements: Include when specific insurance coverage is required for the underlying transaction

4. Tax Provisions: Include detailed tax provisions when cross-border elements exist

5. Currency Provisions: Include when multiple currencies are involved in the facility

6. Syndication Provisions: Include when the facility may be syndicated to multiple lenders

7. Assignment and Transfer: Include detailed provisions when transfer rights are important to the lender

8. Anti-Money Laundering Provisions: Include detailed AML provisions for high-risk transactions

1. Form of Letter of Credit Application: Standard form for requesting issuance of letters of credit

2. Fee Schedule: Detailed breakdown of all applicable fees and charges

3. Conditions Precedent Documents: List of required documents to be provided before facility availability

4. Form of Drawdown Notice: Standard form for requesting utilization of the facility

5. Security Documents: Forms of security documents if facility is secured

6. Compliance Certificate: Form of periodic compliance certification

7. Know Your Customer Requirements: List of required KYC documentation

8. Standard Form of Bank Documents: Any standard banking forms required by the issuing bank