Line Of Credit Contract Template for India

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

2. Insurance: Include when specific insurance requirements are needed for the facility

3. Tax Provisions: Include when complex tax implications need to be addressed

4. Assignment and Transfer: Include when either party may need to transfer their rights or obligations

5. Increased Costs: Include when lender needs protection against regulatory changes affecting costs

6. Market Disruption: Include for facilities with variable interest rates to address market disruption events

7. Multiple Borrowers: Include when the facility is extended to multiple borrowers

8. Currency Provisions: Include for facilities available in multiple currencies

9. Syndication: Include when the facility may be syndicated to multiple lenders

1. Facility Details: Detailed terms of the facility including limits, interest rates, and fees

2. Conditions Precedent Documents: List of documents required before first drawdown

3. Form of Drawdown Notice: Template for borrower to request drawdown

4. Repayment Schedule: If applicable, schedule of repayment dates and amounts

5. Financial Covenants: Detailed financial ratios and calculations

6. Security Details: If applicable, details of security or collateral

7. Permitted Security Interests: List of security interests allowed under the facility

8. Form of Compliance Certificate: Template for periodic compliance certification by borrower

9. Existing Indebtedness: Schedule of borrower's existing debt obligations