Credit Terms Agreement Template for Hong Kong

1. Security: Include when the credit facility is secured by collateral or guarantees

2. Insurance: Include when insurance is required to cover the credit facility or collateral

3. Financial Covenants: Include for corporate borrowers where specific financial metrics must be maintained

4. Change of Control: Include for corporate borrowers to address changes in ownership structure

5. Group Company Provisions: Include when the borrower is part of a corporate group

6. Data Protection: Include detailed privacy terms when personal data processing is extensive

7. Cross-Default: Include when default under other agreements should trigger default under this agreement

8. Force Majeure: Include when specific circumstances beyond parties' control should be addressed

1. Schedule 1 - Facility Details: Detailed terms of the credit facility including limits, interest rates, and fee structure

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

3. Schedule 3 - Payment Schedule: Detailed payment terms and installment schedule if applicable

4. Schedule 4 - Form of Drawdown Notice: Standard form for requesting drawdowns under the facility

5. Schedule 5 - Security Details: Description of any security or collateral (if applicable)

6. Appendix A - Standard Terms and Conditions: General terms and conditions referenced in the main agreement

7. Appendix B - Fee Schedule: Comprehensive list of all applicable fees and charges

8. Appendix C - Compliance Requirements: Detailed compliance requirements under Hong Kong law