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Credit Application Agreement
"I need a Credit Application Agreement for a Malaysian manufacturing company seeking multiple credit facilities totaling RM 5 million, including both term loan and working capital facilities, with the agreement to commence in March 2025 and include comprehensive security provisions."
1. Parties: Identification of the credit provider and the applicant(s), including registration/ID numbers and addresses
2. Background: Context of the credit application and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Credit Facility Details: Specific details of the credit facility including amount, purpose, and term
5. Interest and Fees: Interest rates, calculation methods, and all applicable fees
6. Repayment Terms: Payment schedule, method of payment, and prepayment provisions
7. Conditions Precedent: Conditions that must be met before the credit facility becomes available
8. Representations and Warranties: Statements of fact and assurances given by the applicant
9. Covenants: Ongoing obligations of the applicant during the term of the facility
10. Events of Default: Circumstances constituting default and consequences thereof
11. Data Protection and Privacy: Provisions for handling personal data in compliance with PDPA 2010
12. Anti-Money Laundering Compliance: AML/CTF compliance requirements and declarations
13. Governing Law and Jurisdiction: Malaysian law as governing law and jurisdiction for disputes
1. Security: Required when the credit facility is secured by collateral or guarantees
2. Insurance: Required when insurance coverage is mandatory for the credit facility
3. Joint and Several Liability: Required for multiple applicants or guarantors
4. Electronic Communications: Optional section for agreements allowing electronic notifications and statements
5. Foreign Currency Provisions: Required when the facility involves foreign currency transactions
6. Special Drawdown Conditions: Required for facilities with specific drawdown requirements or multiple tranches
1. Schedule 1 - Facility Details: Detailed breakdown of the credit facility, including limits, interest rates, and fees
2. Schedule 2 - Repayment Schedule: Detailed payment schedule including dates and amounts
3. Schedule 3 - Security Details: Details of any security or collateral provided
4. Schedule 4 - Required Documents: List of documents required for the application and ongoing compliance
5. Schedule 5 - Special Conditions: Any special terms or conditions applicable to the specific facility
6. Appendix A - Application Form: Standard credit application form with applicant's information
7. Appendix B - Supporting Documents Checklist: Checklist of required supporting documents
8. Appendix C - Fee Schedule: Comprehensive list of all applicable fees and charges
Authors
Agreement
Applicable Law
Application
Availability Period
Bank Negara Malaysia
Banking Day
Borrower
Business Day
Collateral
Conditions Precedent
Credit Facility
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Event of Default
Facility Amount
Facility Period
Financial Indebtedness
Financial Statements
Guarantor
Identity Card
Interest Period
Interest Rate
Legal Process
Lender
Material Adverse Effect
Maturity Date
Payment Date
Prepayment
Principal
Repayment Date
Repayment Schedule
Ringgit Malaysia
Security
Security Documents
Security Interest
Security Party
Supporting Documents
Tax
Term
Transaction Documents
Interest
Fees and Charges
Repayment
Security
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Payment Mechanics
Set-off
Data Protection
Anti-Money Laundering
Confidentiality
Assignment
Notices
Amendment
Severability
Force Majeure
Entire Agreement
Governing Law
Dispute Resolution
Electronic Execution
Indemnification
Insurance
Tax
Currency
Further Assurance
Counterparts
Banking & Financial Services
Commercial Lending
Retail Banking
Corporate Banking
Small and Medium Enterprises (SME)
Manufacturing
Real Estate
Construction
Trading
Import/Export
Retail
Technology
Agriculture
Healthcare
Legal
Compliance
Risk Management
Credit Administration
Operations
Finance
Treasury
Corporate Banking
Retail Banking
Credit Analysis
Document Processing
Customer Service
Internal Audit
Credit Officer
Relationship Manager
Risk Manager
Compliance Officer
Legal Counsel
Chief Financial Officer
Financial Controller
Credit Analyst
Branch Manager
Treasury Manager
Operations Manager
Company Secretary
Finance Director
Managing Director
Business Development Manager
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