Document background
The Facilities Agreement is a fundamental document in Singapore's lending landscape, used when a lender extends credit facilities to a borrower. It must comply with Singapore's Banking Act, MAS guidelines, and other relevant financial regulations. The agreement typically covers various types of facilities including term loans, revolving credits, or multiple facility types. It details crucial elements such as facility limits, interest calculations, security requirements, representations and warranties, covenants, and events of default. This comprehensive document is essential for both secured and unsecured lending transactions, particularly in corporate and commercial financing scenarios.
