Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Revolving Line Of Credit Agreement
"I need a Revolving Line of Credit Agreement for a medium-sized manufacturing company seeking a ₦100 million facility from a Nigerian bank, with machinery and inventory as security, to be executed by March 2025."
1. Parties: Identification of the lender and borrower with full legal names and addresses
2. Background: Context of the agreement and brief description of the facility purpose
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Details of the credit facility including amount, purpose, and revolving nature
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Drawdown Procedures: Process and requirements for requesting and receiving advances
7. Interest and Fees: Interest calculation, payment terms, and applicable fees
8. Repayment and Prepayment: Terms for regular repayment and early repayment options
9. Representations and Warranties: Statements of fact and assurances given by the borrower
10. Covenants: Positive and negative obligations of the borrower during the facility term
11. Events of Default: Circumstances constituting default and consequences
12. Security: Description of security arrangements and enforcement rights
13. Changes to Parties: Rules regarding assignment and transfer of rights
14. Notices: Communication procedures between parties
15. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes
16. Boilerplate Provisions: Standard contractual provisions including severability, amendments, and counterparts
1. Guarantee Provisions: Required when the facility is supported by a third-party guarantee
2. Multiple Borrower Provisions: Required when there are multiple borrowers under the facility
3. Currency Provisions: Required when the facility allows for multiple currencies
4. Increased Costs and Tax Gross-up: Required for sophisticated borrowers or when regulatory changes might affect the facility
5. Agency Provisions: Required when multiple lenders are involved requiring an agent
6. Islamic Banking Provisions: Required when the facility needs to comply with Islamic banking principles
7. Set-off Rights: Optional additional rights for the lender to set off debts against other accounts
1. Schedule 1 - Conditions Precedent Documents: List of required documents and conditions to be satisfied before first drawdown
2. Schedule 2 - Form of Drawdown Notice: Template for borrower to request advances under the facility
3. Schedule 3 - Repayment Schedule: If applicable, schedule of repayment dates and amounts
4. Schedule 4 - Security Documents: List and copies of all security documents
5. Schedule 5 - Fees Schedule: Detailed breakdown of all applicable fees
6. Schedule 6 - Form of Compliance Certificate: Template for periodic compliance certification by borrower
7. Appendix A - Calculation of Interest: Detailed methodology for interest calculation
8. Appendix B - Know Your Customer Requirements: List of required KYC documentation under Nigerian law
Authors
Banking and Financial Services
Manufacturing
Real Estate
Retail and Commerce
Oil and Gas
Agriculture
Technology and Telecommunications
Construction
Healthcare
Transportation and Logistics
Mining and Natural Resources
Hospitality and Tourism
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit
Operations
Company Secretariat
Internal Audit
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Credit Risk Manager
Relationship Manager
Legal Counsel
Compliance Officer
Corporate Banking Officer
Credit Analyst
Managing Director
Company Secretary
Risk Manager
Finance Manager
Banking Operations Manager
Find the exact document you need
Incidental Credit Agreement
A Nigerian-law agreement governing incidental credit arrangements, establishing terms for credit provision and repayment obligations in compliance with local regulations.
Bilateral Credit Agreement
A Nigerian law-governed agreement establishing terms and conditions for a credit facility between a lender and borrower, including loan terms, security, and regulatory compliance requirements.
Bank Credit Agreement
A Nigerian law-governed agreement establishing terms and conditions for bank credit facilities, including loan terms, security arrangements, and regulatory compliance requirements.
Home Credit Contract
A Nigerian-compliant Home Credit Contract outlining terms and conditions for consumer credit provision, including mandatory regulatory requirements and consumer protections.
Money Lending Agreement
A Nigerian law-governed agreement establishing terms and conditions for money lending, compliant with local financial regulations and consumer protection requirements.
Credit Agreement Contract
A Nigerian law-governed agreement establishing terms for credit provision between lender and borrower, compliant with CBN regulations and BOFIA 2020.
Intercompany Credit Agreement
A Nigerian law-governed agreement establishing lending terms between related companies within the same corporate group, including loan facility details and regulatory compliance requirements.
30 Day Credit Agreement
A Nigerian law-governed agreement establishing terms for a 30-day credit facility, including credit amount, interest rates, and repayment conditions.
Credit Default Swap Agreement
A Nigerian law-governed agreement establishing terms for a credit default swap transaction, detailing credit protection mechanisms and regulatory compliance requirements.
Standby Credit Agreement
A Nigerian law-governed agreement establishing terms for a standby credit facility between a financial institution and borrower, including facility terms, conditions, and regulatory compliance requirements.
Revolving Agreement
A Nigerian law-governed agreement establishing a revolving credit facility, enabling repeated borrowing up to an agreed limit with specified terms and conditions.
Home Equity Agreement
A Nigerian law-governed agreement establishing shared property equity arrangements between homeowners and investors, detailing investment terms and property rights.
Business Credit Agreement
A Nigerian law-governed agreement establishing terms for business credit facilities between a financial institution and a business borrower, compliant with BOFIA 2020.
Master Credit Agreement
A Nigerian law-governed agreement establishing the framework for ongoing credit facilities between lender and borrower, compliant with Central Bank of Nigeria regulations.
Creditor Agreement
A Nigerian law-governed agreement establishing terms and conditions between creditor and debtor for credit facilities and associated security arrangements.
Credit Note Agreement
A legally binding agreement under Nigerian law that establishes terms and conditions for issuing a credit between business parties, including credit amount, tax implications, and application terms.
Revolving Line Of Credit Agreement
A Nigerian law-governed agreement establishing a revolving credit facility between a lender and borrower, allowing multiple drawdowns and repayments within a specified limit.
Employee Credit Card Agreement
A Nigerian law-governed agreement setting out terms and conditions for employee use of company credit cards, including usage rights, responsibilities, and compliance requirements.
Consumer Credit Contract
A Nigerian law-governed agreement between a financial institution and consumer establishing terms for credit extension, compliant with CBN regulations and consumer protection laws.
Consumer Credit Agreement
A Nigerian law-governed agreement setting out terms for consumer credit facilities, compliant with CBN regulations and consumer protection requirements.
Funds Transfer Agreement
Nigerian-law governed agreement for managing funds transfer services between financial institutions and clients, compliant with CBN regulations.
Senior Facilities Agreement
A Nigerian law-governed agreement establishing terms for senior debt facilities, complying with local banking regulations and security requirements.
Line Of Credit Agreement
Nigerian law-governed agreement establishing a revolving credit facility with specified terms for drawdown, repayment, and re-borrowing.
Revolving Credit Agreement
Nigerian law-governed agreement establishing a revolving credit facility, enabling repeated borrowing and repayment up to an agreed limit.
Credit Assignment Agreement
A Nigerian law-governed agreement for transferring credit rights from one party to another, complying with local financial regulations and requirements.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.