Revolving Credit Agreement (Genie AI)

The Revolving Credit Agreement template provided by Genie AI is a legal document that outlines the terms and conditions for granting a revolving credit facility to a borrower. This agreement is typically utilized by financial institutions or lenders when extending a line of credit to individuals or businesses. The template delineates the maximum credit limit, interest rates, repayment terms, fees, and other relevant provisions that regulate the borrower-lender relationship. It aims to formalize the agreement, ensuring transparent and fair terms for both parties involved. Additionally, this template may cover conditions for drawdowns, prepayment, default, and remedies available to the lender. By using this template, parties can establish a clear and legally binding framework for managing and utilizing revolving credit facilities.