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Debtor Creditor Supplier Agreement
"I need a Debtor Creditor Supplier Agreement for our auto parts manufacturing business in Mumbai, where our bank will provide a credit facility of INR 5 crore to finance purchases from multiple suppliers, with quarterly reporting requirements and personal guarantees from company directors."
1. Parties: Identifies and provides details of the Supplier, Debtor, and Creditor, including their registered addresses and company details
2. Background: Explains the context of the agreement, including the supply arrangement and need for credit facility
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. Supply Arrangements: Details the terms of supply between Supplier and Debtor, including ordering process and delivery terms
5. Credit Facility: Specifies the credit amount, terms, and conditions provided by the Creditor
6. Payment Terms: Sets out payment obligations, including timing, method, and processing of payments
7. Interest and Charges: Details interest rates, calculation methods, and additional charges
8. Security Arrangements: Specifies any security or collateral provided for the credit facility
9. Representations and Warranties: Standard declarations made by each party regarding their capacity and authority
10. Default and Consequences: Defines events of default and their consequences
11. Termination: Conditions and process for terminating the agreement
12. Dispute Resolution: Procedures for resolving disputes between parties
13. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction
14. Notices: Process and requirements for formal communications between parties
15. General Provisions: Standard boilerplate clauses including assignment, amendments, and severability
1. GST Compliance: Detailed GST requirements and procedures, required if transactions are subject to GST
2. Electronic Documentation: Provisions for electronic invoicing and documentation, needed if parties agree to digital processes
3. Insurance: Insurance requirements for goods or credit, included if specific insurance coverage is required
4. Force Majeure: Provisions for unforeseen events, particularly relevant in long-term supply arrangements
5. Guarantees: Personal or corporate guarantees, included if additional security is required
6. Confidentiality: Detailed confidentiality obligations, needed if sensitive information is shared
7. Step-In Rights: Creditor's rights to step into supplier's position, included in high-value arrangements
1. Schedule 1 - Products and Pricing: Detailed list of products/services and their agreed prices
2. Schedule 2 - Credit Limits and Interest Rates: Specific credit limits, interest rates, and calculation methods
3. Schedule 3 - Security Details: Details of any security or collateral provided
4. Schedule 4 - Payment Schedule: Detailed payment terms and milestone dates
5. Schedule 5 - Authorized Representatives: List of authorized persons for each party
6. Appendix A - Standard Operating Procedures: Detailed procedures for ordering, delivery, and payment processing
7. Appendix B - Required Documents: List of documents required for credit facility and supply arrangement
8. Appendix C - Compliance Requirements: Specific regulatory and compliance requirements applicable to the arrangement
Authors
Applicable Law
Authorized Representative
Business Day
Credit Facility
Credit Limit
Creditor
Debtor
Default Interest
Default Notice
Delivery
Delivery Date
Dispute
Due Date
Effective Date
Event of Default
Force Majeure Event
GST
Guarantee
Interest Rate
Invoice
Material Adverse Effect
Notice
Outstanding Amount
Payment Date
Payment Schedule
Products
Purchase Order
Related Party
Relevant Authority
Security
Security Documents
Supplier
Supply Schedule
Term
Territory
Transaction Documents
Working Capital
MCLR (Marginal Cost of Funds based Lending Rate)
RBI
Confidential Information
Intellectual Property Rights
Permitted Purpose
Standard Operating Procedures
Credit Period
Security Interest
Substantial Interest
Financial Year
Indebtedness
Encumbrance
Affiliate
Regulatory Approvals
Definitions
Supply Obligations
Credit Facility
Payment Terms
Interest
Security
Representations and Warranties
Covenants
Default
Remedies
Force Majeure
Indemnification
Confidentiality
Assignment
Notices
Termination
Dispute Resolution
Governing Law
Jurisdiction
Amendment
Waiver
Severability
Entire Agreement
GST Compliance
Anti-Money Laundering
Regulatory Compliance
Insurance
Guarantee
Set-off Rights
Step-in Rights
Records and Audit
Counterparts
Electronic Execution
Third Party Rights
Time of Essence
Manufacturing
Retail
Wholesale Trade
Construction
Automotive
Information Technology
Telecommunications
Pharmaceuticals
Fast-Moving Consumer Goods
Industrial Equipment
Textiles
Agriculture
Infrastructure
Healthcare
Legal
Finance
Procurement
Supply Chain
Treasury
Credit Control
Accounts Payable
Risk Management
Compliance
Commercial Operations
Business Development
Chief Financial Officer
Finance Director
Supply Chain Manager
Procurement Manager
Credit Controller
Commercial Director
Legal Counsel
Accounts Payable Manager
Treasury Manager
Risk Manager
Contract Manager
Business Development Manager
Financial Analyst
Operations Director
Compliance Officer
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