Facility Sharing Agreement Sample

Interested Parties: two Parties are generally involved in the preparation of this Agreement; the first is the bank and the second is the borrower. A mechanism is an agreement between a company and a public or private lender that allows the company to borrow a certain amount of money for various purposes for a short period of time. The credit is for an agreed amount and does not require guarantees. The borrower makes monthly or quarterly payments with interest until the contributions are paid in full. A facility agreement may also include collateral if the borrower or its subsidiaries are required to provide this form of credit assistance and the collateral is not provided in a separate collateral document or elsewhere. Revolving credit: it has a specific limit and no fixed monthly payment, but interest is due and is activated.