Credit And Security Agreement Template for India

1. Intercreditor Provisions: Required when multiple lenders are involved, establishing priority and sharing arrangements

2. Guarantee: Include when third-party guarantees are part of the security package

3. Special Drawing Conditions: For facilities with multiple tranches or special drawing requirements

4. Security Trustee Provisions: Required when a security trustee holds the security on behalf of multiple lenders

5. Currency Provisions: Include for facilities involving multiple currencies

6. Insurance: Detailed insurance requirements when specific insurance coverage is crucial for the security

7. Tax Provisions: Enhanced tax provisions when cross-border elements exist

8. Regulatory Compliance: Special provisions for regulated borrowers or specific sector requirements

1. Facility Particulars: Detailed terms of the facility including amount, interest rate, and repayment schedule

2. Security Assets: Detailed description and particulars of all assets over which security is being created

3. Conditions Precedent: List of documents and conditions required before facility utilization

4. Form of Utilization Request: Template for drawing requests under the facility

5. Security Documents: Forms of various security documents such as mortgage deeds, hypothecation agreements

6. Form of Transfer Certificates: Templates for transfer of facility or security interests

7. Repayment Schedule: Detailed amortization schedule if term loan

8. Form of Compliance Certificate: Template for periodic compliance reporting

9. Filing and Registration Requirements: List of required filings and registrations for security perfection

10. Existing Encumbrances: List of permitted existing security interests or encumbrances on security assets