Revolving Line Of Credit Agreement (Genie AI)

The Revolving Line of Credit Agreement (Genie AI) is a legal template that outlines the terms and conditions for a revolving line of credit between a lender and a borrower, with the assistance of Genie AI technology. The agreement allows the borrower to access funds up to a predetermined credit limit and repay the borrowed amount over a specified period. Genie AI, an artificial intelligence platform, is integrated into the agreement, providing intelligent automation and assistance in managing the line of credit. The template covers important aspects such as interest rates, repayment terms, conditions for drawing funds, collateral requirements, fees, and default provisions. It serves as a comprehensive and customizable tool that simplifies the process of establishing a revolving line of credit while leveraging AI technology for efficiency and accuracy.