Revolving Credit Promissory Note Template for India

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

2. Financial Covenants: Include for corporate borrowers or large credit facilities requiring financial maintenance tests

3. Purpose Restriction: Include when the credit facility is restricted to specific business purposes

4. Insurance Requirements: Include when insurance coverage is required for secured assets or borrower's business

5. Cross-Default Provisions: Include when the borrower has other significant credit facilities

6. Change of Control: Include for corporate borrowers to address ownership change scenarios

7. Assignment and Transfer: Include when transfer rights need to be specifically addressed

1. Draw Notice Form: Standard form for requesting draws under the facility

2. Repayment Schedule: Template or actual schedule of minimum payments and principal reduction requirements

3. Interest Rate Calculation Examples: Illustrative examples of interest calculations and payments

4. Security Details: Description of any collateral or security arrangements if applicable

5. Compliance Certificate: Template for periodic compliance certification if financial covenants are included

6. Fee Schedule: Details of any applicable fees including processing fees, late payment charges