Intercompany Revolving Loan Agreement (Genie AI)

The Intercompany Revolving Loan Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions for a revolving loan arrangement between two affiliated companies within the United States. This agreement specifies the terms under which one company (the lender) agrees to extend a line of credit to another company (the borrower), allowing the borrower to access funds as needed up to a certain limit. The template includes provisions addressing the loan amount, interest rates, repayment terms, and any applicable fees or charges. It also details the borrower's obligations, including the requirements for providing financial statements, maintaining certain financial ratios, and ensuring compliance with all applicable laws and regulations. The agreement may also include provisions for drawing down, repaying, and renewing the loan facility, specifying how interest is calculated and when payments are due. This template serves as a starting point for companies wishing to establish an intercompany revolving loan arrangement while ensuring compliance with relevant USA laws and regulations.