The Creditor Agreement is a fundamental legal document used in Danish financial transactions to establish and regulate credit relationships between parties. It is typically employed when a party (the creditor) extends credit or loans to another party (the debtor), whether in a commercial, corporate, or private context. The agreement needs to comply with Danish law, particularly the Danish Contracts Act (Aftaleloven), Interest Act (Renteloven), and Financial Business Act (Lov om finansiel virksomhed) when financial institutions are involved. The document outlines crucial elements such as the credit amount, interest calculations, repayment terms, security arrangements, events of default, and enforcement mechanisms. It serves as a comprehensive framework for managing the credit relationship throughout its lifecycle, from disbursement to final repayment, and provides legal certainty for all parties involved.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Creditor Agreement
I need a Creditor Agreement under Danish law for a secured business loan of 2 million DKK to a manufacturing company, with quarterly repayments starting March 2025 and property-based security.
1. Parties: Identification of the Creditor(s) and Debtor(s) with full legal names and registration details
2. Background: Context of the credit arrangement and purpose of the loan
3. Definitions: Definitions of key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of the principal amount and permitted use of funds
5. Interest: Interest rate, calculation method, and payment frequency
6. Repayment Terms: Schedule of repayments, payment methods, and prepayment provisions
7. Conditions Precedent: Conditions that must be satisfied before the loan becomes effective
8. Representations and Warranties: Statements of fact and assurances given by the Debtor
9. Covenants: Ongoing obligations of the Debtor during the term of the agreement
10. Events of Default: Circumstances that constitute default and their consequences
11. Fees and Costs: Any fees, charges, and cost allocation between parties
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Security: Details of any collateral or security provided - include when the loan is secured
2. Guarantee: Terms of any guarantee provided - include when there are guarantors
3. Creditor Representative: Appointment and powers of a creditor representative - include for multiple creditors
4. Assignment and Transfer: Rights to assign or transfer the loan - include when transferability is permitted
5. Information Undertakings: Specific reporting requirements - include for business loans or larger amounts
6. Tax Provisions: Treatment of taxes and withholdings - include for cross-border or complex arrangements
7. Force Majeure: Provisions for unforeseen circumstances - include when specifically requested
8. Subordination: Priority of the debt - include when there are multiple creditors or existing debt
1. Repayment Schedule: Detailed amortization table showing payment dates and amounts
2. Security Details: Specific description of security assets and registration requirements
3. Conditions Precedent Documents: List of required documents and evidence for loan effectiveness
4. Form of Drawdown Notice: Template for requesting loan disbursement
5. Form of Compliance Certificate: Template for periodic compliance reporting
6. Contact Details: Comprehensive list of party contact information and authorized representatives
7. Existing Indebtedness: Schedule of Debtor's existing debt obligations
8. Required Insurance: Details of insurance requirements for secured assets
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Technology
Healthcare
Energy
Agriculture
Transportation
Hospitality
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Credit Administration
Corporate Banking
Commercial Banking
Business Development
Contracts Administration
Relevant Roles
Legal Counsel
Finance Director
Credit Manager
Risk Manager
Compliance Officer
Chief Financial Officer
Treasury Manager
Corporate Lawyer
Banking Manager
Loan Officer
Commercial Director
Business Development Manager
Contract Manager
Legal Director
Chief Legal Officer
Find the exact document you need
Bilateral Credit Agreement
A Danish law-governed agreement establishing terms and conditions for a credit facility between a lender and borrower, including loan terms, obligations, and security arrangements.
find out more
Agreement Letter For Money Lending
A Danish law-compliant letter agreement documenting terms and conditions for money lending between parties, including loan amount, interest rates, and repayment terms.
find out more
Standby Letter Of Credit Agreement
A Danish law-governed agreement establishing terms for issuing a standby letter of credit, detailing obligations, drawing conditions, and reimbursement requirements.
find out more
Line Of Credit Contract
Danish law-governed agreement establishing a flexible credit facility between a lender and borrower, setting out terms for accessing and managing a predetermined credit limit.
find out more
Credit Application And Agreement
A Danish law-governed document combining credit application and agreement terms, compliant with Danish financial regulations and consumer protection laws.
find out more
Home Credit Agreement
Danish law-governed home credit agreement outlining terms for consumer home financing, compliant with Danish Credit Agreements Act.
find out more
Credit Swap Agreement
A Danish law-governed agreement establishing terms for credit default swap transactions, incorporating Danish and EU regulatory requirements.
find out more
Credit Term Agreement
Danish law-governed agreement establishing credit facility terms between lender and borrower, including credit amount, interest, repayment, and security provisions.
find out more
Credit Service Agreement
A Danish law-governed agreement establishing terms and conditions for credit services between financial institutions and their clients.
find out more
Term Loan Credit Agreement
Danish law-governed agreement establishing terms and conditions for a term loan facility, including loan amount, repayment terms, and security arrangements.
find out more
Home Equity Agreement
A Danish law-governed agreement establishing shared property equity arrangements between homeowners and investors, detailing investment terms and value-sharing provisions.
find out more
Business Credit Agreement
Danish law-governed agreement establishing terms for business credit facilities between a financial institution and a business borrower.
find out more
Letter Of Credit Contract
A Danish law-governed agreement establishing terms for a bank's commitment to pay a seller on behalf of a buyer upon presentation of specified documents in international trade.
find out more
Creditor Agreement
A Danish law-governed agreement establishing the terms and conditions between a creditor and debtor for a credit facility, including loan terms, security arrangements, and enforcement mechanisms.
find out more
Credit Note Agreement
Danish law-governed agreement establishing framework for issuing and processing credit notes, ensuring compliance with local VAT and accounting requirements.
find out more
Credit Application Agreement
Danish law-governed agreement establishing the framework and terms for credit applications between financial institutions and potential borrowers.
find out more
Term Facility Agreement
Danish law-governed loan agreement establishing terms and conditions for a fixed-term lending facility, including amount, repayment schedule, and security arrangements.
find out more
Employee Credit Card Agreement
Danish law-governed agreement establishing terms for employee corporate credit card usage, including responsibilities, limits, and compliance requirements.
find out more
Money Lending Contract
Danish law-governed agreement establishing terms and conditions for money lending, including loan amount, interest rates, and repayment terms.
find out more
Credit Support Agreement
A Danish law-governed agreement establishing terms for collateral provision and management in financial transactions, ensuring compliance with Danish regulations and EU directives.
find out more
Consumer Credit Agreement
Danish law-governed Consumer Credit Agreement for providing credit to consumers, compliant with Danish and EU regulations.
find out more
Trade Credit Agreement
A Danish law-governed agreement establishing trade credit terms between supplier and customer, including credit limits, payment conditions, and security requirements.
find out more
Credit Facilities Agreement
Danish law-governed agreement establishing terms for credit facilities between lender and borrower, including facility terms, conditions, and regulatory compliance requirements.
find out more
Revolving Credit Loan Agreement
A Danish law-governed agreement establishing a revolving credit facility between a lender and borrower, allowing flexible borrowing within a specified credit limit.
find out more
Line Of Credit Agreement
A Danish law-governed agreement establishing a revolving credit facility between a lender and borrower, setting out terms for borrowing, repayment, and security.
find out more
Revolving Credit Agreement
A Danish law-governed credit facility agreement enabling flexible borrowing with multiple draw-downs and repayments up to an agreed limit.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
ұԾ’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; ұԾ’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.