Document background
The Pro Forma Credit Agreement serves as a standardized template for documenting credit facilities in Hong Kong's financial market. It is typically used when financial institutions extend credit to corporate or individual borrowers, requiring a comprehensive agreement that complies with Hong Kong's banking regulations and financial services legislation. The document includes essential provisions for facility terms, conditions precedent, representations and warranties, covenants, and events of default, all tailored to meet Hong Kong legal requirements. It can be adapted for various types of credit facilities, from bilateral loans to syndicated facilities, and incorporates necessary provisions for security interests, guarantees, and regulatory compliance. The agreement reflects market practice in Hong Kong while providing flexibility to accommodate specific transaction requirements.
