What Is A Loan Facility Agreement

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What Is A Loan Facility Agreement

The credit agreements and documentation standards of “banks” and “insurance companies” evolved from their individual cultures and were governed by policies that somehow addressed the liabilities of each organization (in the case of “banks”, the liquidity needs of their depositors; in the case of insurance organizations, liquidity must be linked to their expected “claims payments”). The categorization of credit agreements by type of facility generally leads to two main categories: finally, a syndicated credit agreement contains many provisions relating to a proxy bank and its role.