The Line of Credit Agreement and Note is a fundamental financing document used in Hong Kong when establishing a flexible borrowing arrangement between a lender (typically a financial institution) and a borrower. This document is essential when parties wish to create a revolving credit facility where the borrower can draw down funds as needed up to an agreed maximum limit, repay, and reborrow during the facility period. The agreement combines both the credit facility terms and the promissory note elements, structured in compliance with Hong Kong banking regulations and financial services requirements. It is particularly useful for businesses requiring working capital flexibility or individuals needing ongoing access to credit. The document typically includes detailed provisions on interest calculations, security arrangements, conditions for drawdown, repayment terms, and events of default, all tailored to Hong Kong's legal framework.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
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 credit facility arrangement
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation
4. The Facility: Details of the credit facility including amount, purpose, and facility type
5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
6. Drawdown Mechanics: Procedures and requirements for drawing down the facility
7. Interest and Fees: Interest rate calculations, payment dates, and applicable fees
8. Repayment and Prepayment: Terms for repayment, prepayment options, and consequences
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 period
11. Events of Default: Circumstances constituting default and consequences
12. Changes to Parties: Rules regarding assignment, transfer, and delegation
13. Payments and Tax: Payment mechanics, currency, and tax provisions
14. Notices: Communication methods and contact details
15. General Provisions: Boilerplate clauses including severability, whole agreement, and amendments
16. Governing Law and Jurisdiction: Hong Kong law as governing law and jurisdiction provisions
1. Security: Details of any security arrangements - include if facility is secured
2. Guarantee: Terms of any guarantee - include if there are guarantors
3. Insurance: Insurance requirements - include if specific insurance is required
4. Financial Covenants: Specific financial ratios and requirements - include for corporate borrowers
5. Multiple Drawdown Provisions: Specific provisions for multiple drawdown facilities - include for revolving facilities
6. Increased Costs and Market Disruption: Provisions for market changes - include for longer-term or larger facilities
7. Set-off Rights: Detailed set-off provisions - include for complex banking relationships
8. Syndication Provisions: Terms for syndicated facilities - include if multiple lenders involved
1. Facility Terms: Detailed commercial terms including facility amount, interest rates, fees
2. Conditions Precedent: List of required documents and conditions to be satisfied
3. Form of Drawdown Notice: Template for drawdown requests
4. Repayment Schedule: If applicable, schedule of repayment dates and amounts
5. Form of Compliance Certificate: Template for periodic compliance reporting
6. Security Documents: List and copies of security documents if applicable
7. Permitted Security: List of security interests permitted under the agreement
8. Form of Transfer Certificate: Template for transferring rights and obligations under the facility
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Commercial Real Estate
Manufacturing
Retail
Technology
Healthcare
Construction
Import/Export
Professional Services
Hospitality
Logistics
E-commerce
Relevant Teams
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Banking
Commercial Banking
Risk Management
Operations
Documentation
Relationship Management
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Credit Risk Manager
Relationship Manager
Legal Counsel
Compliance Officer
Banking Officer
Credit Analyst
Corporate Banking Manager
Finance Manager
Company Secretary
Risk Manager
Commercial Director
Find the exact document you need
Application Letter For Lc
A formal request document used in Hong Kong for applying for a Letter of Credit, complying with local banking regulations and international trade practices.
find out more
Small Business Fire Risk Assessment
A Hong Kong-compliant fire risk assessment template for small businesses, meeting Fire Services Ordinance requirements while providing practical safety guidelines.
find out more
Lc Confirming Bank
A Hong Kong law-governed agreement establishing terms and conditions for Letter of Credit confirmation services between banks.
find out more
Lc At Sight 90 Days
A Hong Kong law-governed Letter of Credit combining sight presentation with 90-day deferred payment terms, providing secured trade financing under local banking regulations.
find out more
Fronting Agreement (Insurance)
A Hong Kong law-governed agreement between a fronting insurer and reinsurer establishing terms for policy issuance and risk transfer arrangements.
find out more
Deferred Compensation Agreement
A Hong Kong law-governed agreement establishing terms for postponing employee compensation to a future date, including vesting schedules and payment conditions.
find out more
Noise Nuisance Letter
A formal letter under Hong Kong law documenting noise nuisance complaints and requesting resolution, compliant with the Noise Control Ordinance.
find out more
Side Agreement (Real Estate)
A Hong Kong law-governed supplementary agreement that modifies or adds to the terms of a main real estate agreement, addressing specific arrangements between parties.
find out more
Lc Agreement
A Hong Kong law-governed agreement between a bank and applicant establishing terms and conditions for issuing letters of credit, incorporating local banking regulations and international trade practices.
find out more
Bond Indemnity Agreement
A Hong Kong law-governed agreement where an indemnitor agrees to protect and compensate a beneficiary against losses arising from a bond facility.
find out more
Ppe Risk Assessment
A Hong Kong-compliant workplace safety document that evaluates hazards and specifies Personal Protective Equipment (PPE) requirements to ensure worker safety and regulatory compliance.
find out more
Irrevocable License Agreement
A Hong Kong law-governed agreement granting permanent, irrevocable rights to use specified intellectual property or other assets.
find out more
90 Days Usance Lc
A Hong Kong law-governed Letter of Credit providing for payment 90 days after document presentation, commonly used in international trade finance.
find out more
180 Days Usance Lc
A Hong Kong-governed trade finance instrument providing 180-day deferred payment terms in international trade transactions, backed by bank guarantee.
find out more
Beneficiary Deed
A Hong Kong law-governed deed that transfers property interests to designated beneficiaries, typically effective upon specific conditions or the grantor's death.
find out more
Lease Increase Notice
A Hong Kong-compliant formal notice document informing tenants of an upcoming rent increase for their leased property.
find out more
Application For Letter Of Credit
A Hong Kong-governed formal application to request a bank to issue a Letter of Credit, complying with local banking regulations and international trade practices.
find out more
Restaurant Work Experience Letter
A formal employment verification document issued under Hong Kong law that confirms an individual's work history and experience in a restaurant setting.
find out more
Performance SLA
A Hong Kong law-governed agreement defining service levels, performance metrics, and quality standards between a service provider and customer, with associated monitoring and remedy mechanisms.
find out more
Clean Invoice
A Hong Kong-compliant commercial document that records sales transactions and requests payment, containing all essential business and tax information in a clean, straightforward format.
find out more
Outstanding Invoice
A formal payment request document for unpaid invoices under Hong Kong law, serving as an official reminder and record of payment obligations.
find out more
Freely Negotiable Letter Of Credit
A bank-issued payment guarantee document under Hong Kong law that allows the beneficiary to negotiate the letter of credit at any bank of their choice.
find out more
Export Invoice
A commercial document used in Hong Kong for international trade transactions, detailing goods exported, their value, and shipping terms in compliance with Hong Kong law.
find out more
Cash Invoice
A Hong Kong-compliant document recording immediate cash payments for goods or services, serving as both invoice and receipt.
find out more
Domestic Helper Loan Agreement
Hong Kong-governed loan agreement between employer and domestic helper, establishing terms for loan provision and repayment in compliance with local regulations.
find out more
Usage Agreement
A Hong Kong law-governed agreement defining terms and conditions for using products, services, or platforms, including usage rights and compliance requirements.
find out more
Revolving Facility Agreement
A Hong Kong law-governed agreement establishing a revolving credit facility with flexible draw-down and repayment terms.
find out more
Overqualified For A Job Rejection Letter
A Hong Kong-compliant formal letter template for declining job applications due to candidate overqualification, while maintaining professional relationships and legal compliance.
find out more
Non Negotiable Promissory Note
A Hong Kong law-governed financial instrument containing an unconditional promise to pay a specified sum, with its non-negotiable nature preventing transfer to third parties.
find out more
Letter Of Credit 60 Days
A Hong Kong law-governed banking instrument guaranteeing payment within 60 days of document presentation in international trade transactions.
find out more
Letter Of Credit 30 Days
A Hong Kong law-governed banking instrument that provides a 30-day deferred payment guarantee for international trade transactions, subject to UCP 600 rules.
find out more
Import Documentary Letter Of Credit
A Hong Kong-governed banking instrument that provides payment security in international trade transactions, governed by local law and UCP 600 rules.
find out more
Implied License Patent
A Hong Kong law-governed document that formalizes implied patent usage rights between parties, establishing clear boundaries and permissions for patented technology implementation.
find out more
Domestic Lc
A bank-issued payment guarantee document under Hong Kong law that facilitates secure domestic trade transactions between local parties.
find out more
By Laws Articles Of Incorporation
A fundamental constitutional document under Hong Kong law that establishes a company's internal regulations and governance structure.
find out more
Bank Loan Cancellation Letter
A formal letter issued under Hong Kong banking laws to officially terminate and cancel a bank loan facility, confirming the end of lending obligations between bank and borrower.
find out more
Trade Finance Facility Agreement
A Hong Kong law-governed agreement establishing terms for trade finance facilities between a financial institution and borrower, including various trade finance products and facility terms.
find out more
Payment Guarantee Agreement
A Hong Kong law-governed agreement where a Guarantor guarantees payment obligations of a Principal Debtor to a Beneficiary, typically used in commercial and financial transactions.
find out more
International Investment Agreement
A Hong Kong law-governed agreement establishing terms and protections for international investments, incorporating local regulatory requirements and dispute resolution mechanisms.
find out more
Freelancer Offer Letter
A Hong Kong-compliant offer letter establishing terms and conditions for engaging independent contractors/freelancers.
find out more
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)