Credit Agreement (Insurance) Template for Hong Kong

1. Multiple Currencies: Provisions for handling multiple currencies, including conversion and exchange rates

2. Syndication Provisions: Required when multiple lenders are involved or syndication is contemplated

3. Reinsurance Provisions: Additional provisions when reinsurance arrangements are relevant to the facility

4. Additional Security: Provisions for additional security arrangements beyond insurance assignments

5. Market Disruption: Provisions dealing with market disruption events affecting interest rates

6. Increased Costs and Tax Gross-Up: Optional provisions for dealing with regulatory changes and tax implications

7. Force Majeure: Provisions dealing with extraordinary events affecting the facility

1. Schedule 1 - Conditions Precedent: List of required documents and conditions to be satisfied before facility availability

2. Schedule 2 - Form of Drawdown Request: Template for drawdown requests under the facility

3. Schedule 3 - Insurance Requirements: Detailed specifications for required insurance coverage

4. Schedule 4 - Repayment Schedule: Detailed repayment schedule if applicable

5. Schedule 5 - Form of Assignment: Template for insurance policy assignments

6. Schedule 6 - Form of Compliance Certificate: Template for periodic compliance certifications

7. Appendix A - Calculation of Interest: Detailed methodology for interest calculations

8. Appendix B - Forms of Notices: Standard forms for various notices under the agreement