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Trade Finance Agreement
"I need a Trade Finance Agreement under Irish law for a €5 million revolving credit facility between AIB Bank and our manufacturing company, including letter of credit facilities and export financing provisions, to be completed by March 2025."
1. Parties: Identifies all parties to the agreement including the lender(s), borrower(s), and any guarantors
2. Background: Sets out the context and purpose of the trade finance facility
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles
4. The Facility: Details the type, amount, and purpose of the trade finance facility
5. Conditions Precedent: Lists all conditions that must be satisfied before the facility becomes available
6. Utilisation: Specifies how and when the facility can be drawn down
7. Interest and Fees: Sets out all interest rates, fees, and charges applicable to the facility
8. Repayment and Prepayment: Details when and how the facility must be repaid and any prepayment provisions
9. Security: Describes the security package and enforcement rights
10. Representations and Warranties: Lists all representations and warranties given by the borrower
11. Undertakings: Sets out positive and negative covenants applicable to the borrower
12. Events of Default: Lists circumstances that constitute default and consequences
13. Changes to Parties: Provisions regarding assignment and transfer rights
14. Administration: Covers operational matters such as payments, calculations, and notices
15. Governing Law and Jurisdiction: Specifies Irish law as governing law and jurisdiction for disputes
1. Syndication Provisions: Required when multiple lenders are involved or syndication is contemplated
2. Documentary Credits: Included when the facility includes letter of credit issuance
3. Bank Guarantees: Required when bank guarantees form part of the facility
4. Insurance: Detailed insurance requirements when specific insurance coverage is critical
5. Regulatory Compliance: Additional regulatory provisions for regulated borrowers or specific industries
6. Tax Gross-Up and Indemnities: Detailed tax provisions when cross-border elements exist
7. Agency Provisions: Required when there is an administrative agent for multiple lenders
8. Currency Provisions: Included when multiple currencies are involved
9. Islamic Finance Provisions: Required when the facility needs to be Shariah-compliant
1. Conditions Precedent Documents: Detailed list of all required conditions precedent documents
2. Form of Utilisation Request: Standard form for requesting drawdowns under the facility
3. Form of Transfer Certificate: Standard form for transferring commitments between lenders
4. Pricing Schedule: Detailed breakdown of all applicable interest rates, margins, and fees
5. Security Documents: Forms of security documents and security details
6. Repayment Schedule: Detailed repayment schedule if applicable
7. Form of Compliance Certificate: Template for periodic compliance certification
8. Documentary Credit Procedures: Operational procedures for documentary credits if applicable
9. Contact Details: Contact information for all parties and authorized representatives
Authors
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Commodities Trading
Retail
Wholesale Distribution
Agriculture
Energy
Shipping and Logistics
Legal
Finance
Treasury
Risk Management
Compliance
Trade Operations
Credit
Corporate Banking
International Banking
Transaction Banking
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Credit Risk Manager
Relationship Manager
Legal Counsel
Compliance Officer
Business Development Manager
Operations Manager
Transaction Banking Officer
Trade Finance Specialist
Corporate Banking Manager
Risk Management Officer
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