抖阴短视频

Supplier Credit Agreement Template for Philippines

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Supplier Credit Agreement

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聽of your information

Key Requirements PROMPT example:

Supplier Credit Agreement

"Need a Supplier Credit Agreement for our manufacturing business in Manila, with a PHP 5 million credit facility secured by inventory and equipment, including 60-day payment terms and quarterly financial reporting requirements."

Document background
The Supplier Credit Agreement is a vital commercial document used when a supplier wishes to extend credit to a buyer for the purchase of goods or services in the Philippines. This arrangement is particularly common in business-to-business transactions where immediate payment is not required or practical. The agreement must comply with Philippine commercial law, including the Civil Code, Truth in Lending Act, and relevant Central Bank regulations. It typically includes details about credit limits, payment schedules, interest calculations, security arrangements, and default remedies. This document is essential for businesses looking to establish formal credit relationships with their suppliers while ensuring legal protection and clear terms for both parties. The agreement becomes particularly important in industries with significant supply chain operations or where large-volume purchases are common.
Suggested Sections

1. Parties: Identification and details of the Supplier (Creditor) and Buyer (Debtor), including their complete legal names, addresses, and registration details

2. Background: Context of the supplier relationship and the purpose of the credit arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Credit Facility: Details of the credit arrangement, including credit limit, purpose, and availability period

5. Interest and Charges: Specification of interest rates, calculation methods, and additional charges in compliance with Philippine usury laws

6. Payment Terms: Payment schedule, method of payment, and currency specifications

7. Conditions Precedent: Conditions that must be satisfied before the credit facility becomes available

8. Representations and Warranties: Standard representations and warranties from both parties

9. Covenants: Positive and negative undertakings by the Buyer

10. Events of Default: Circumstances constituting default and consequences thereof

11. Remedies: Rights and remedies available to the Supplier upon default

12. Term and Termination: Duration of the agreement and termination provisions

13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

14. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability

Optional Sections

1. Security: Details of any security or collateral provided - include if the credit facility is secured

2. Parent Company Guarantee: Terms of guarantee by parent company - include if corporate guarantee is required

3. Insurance: Insurance requirements for goods or business - include if specific insurance coverage is required

4. Compliance with Laws: Specific regulatory compliance requirements - include if operating in regulated industries

5. Confidentiality: Detailed confidentiality provisions - include if sensitive information is involved

6. Assignment and Transfer: Rights to assign or transfer the agreement - include if transfer rights are important

7. Force Majeure: Force majeure provisions - include if relevant to the business relationship

Suggested Schedules

1. Schedule 1 - Credit Facility Details: Detailed terms of the credit facility including limits, rates, and computation methods

2. Schedule 2 - Payment Schedule: Detailed payment schedule with dates and amounts

3. Schedule 3 - Security Details: Description of security or collateral (if applicable)

4. Schedule 4 - Conditions Precedent Documents: List of required documents and conditions to be satisfied

5. Schedule 5 - Form of Drawdown Notice: Template for requesting drawdown under the credit facility

6. Appendix A - Financial Covenants: Detailed financial ratios and reporting requirements

7. Appendix B - Compliance Certificates: Templates for periodic compliance certification

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses






























Relevant Industries

Manufacturing

Retail

Wholesale Trade

Construction

Agriculture

Mining and Resources

Technology and Electronics

Automotive

Food and Beverage

Telecommunications

Industrial Equipment

Pharmaceuticals

Textiles

Consumer Goods

Relevant Teams

Legal

Finance

Procurement

Supply Chain

Treasury

Risk Management

Accounts Payable

Operations

Commercial

Credit Control

Relevant Roles

Chief Financial Officer

Finance Director

Procurement Manager

Supply Chain Manager

Credit Controller

Legal Counsel

Commercial Director

Treasury Manager

Accounts Payable Manager

Contracts Manager

Risk Manager

Financial Controller

Operations Director

Purchasing Officer

Business Development Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Overline Of Credit Agreement

A Philippine law-governed agreement establishing terms for a credit facility exceeding normal credit limits, compliant with BSP regulations.

find out more

Credit Card Use Agreement

A Philippine-law governed agreement between credit card issuer and cardholder establishing terms for credit card usage, subject to BSP regulations.

find out more

Standby Letter Of Credit Agreement

A Philippine law-governed agreement establishing terms for a standby letter of credit, detailing party obligations and drawing conditions under local banking regulations.

find out more

Home Credit Contract

A Philippine law-governed lending agreement for home-related credit facilities, incorporating mandatory consumer protection and lending regulations.

find out more

Money Lending Agreement

A Philippine law-governed agreement establishing terms and conditions for money lending, including loan amount, interest, repayment terms, and security arrangements.

find out more

Home Equity Line Of Credit Agreement

A Philippine-law governed agreement establishing a revolving credit facility secured by residential property equity, detailing credit terms, security arrangements, and parties' rights and obligations.

find out more

Home Equity Line Agreement

A Philippine-law governed agreement establishing a revolving credit facility secured by residential property equity, setting out terms for borrowing against home value.

find out more

Equity Line Agreement

A Philippine law-governed financing agreement providing flexible funding through committed share purchases, subject to local securities regulations.

find out more

Credit Agreement Contract

A Philippine law-governed agreement establishing terms and conditions for providing credit facilities, compliant with BSP regulations and local banking laws.

find out more

Credit Agreement Between Two Parties

A Philippine law-governed agreement establishing credit terms between a lender and borrower, including loan amount, interest, repayment terms, and parties' obligations.

find out more

Business Line Of Credit Agreement

A Philippine law-governed agreement establishing a revolving credit facility between a financial institution and a business entity, setting out terms for credit access, repayment, and security arrangements.

find out more

Customer Credit Agreement

A Philippine law-governed agreement establishing terms for extending credit to customers, compliant with local banking and consumer protection regulations.

find out more

Pro Forma Credit Agreement

A standardized credit facility agreement template compliant with Philippine banking laws and BSP regulations, establishing terms between lender and borrower.

find out more

Cash Credit Agreement

A Philippine law-governed agreement establishing terms and conditions for a cash credit facility between a financial institution and borrower, compliant with local banking regulations.

find out more

Small Credit Agreement

A Philippine law-governed agreement for small-scale lending transactions, ensuring regulatory compliance while facilitating straightforward credit arrangements between lenders and borrowers.

find out more

Promissory Note Credit Agreement

A Philippine law-governed document combining a promissory note and credit agreement, establishing terms for loan repayment and securing the lender's interests.

find out more

General Credit Agreement

A Philippine law-governed agreement establishing terms and conditions for credit extension between lender and borrower, compliant with local banking regulations.

find out more

Simple Loan Note Agreement

A legally binding loan agreement under Philippine law that documents loan terms, conditions, and parties' obligations, ensuring compliance with local banking and civil regulations.

find out more

Short Term Credit Agreement

Philippine law-governed agreement establishing terms for short-term credit facilities, ensuring compliance with local banking regulations and consumer protection requirements.

find out more

Instalment Credit Agreement

A Philippine law-governed agreement establishing terms for installment-based credit facilities, compliant with local financial regulations and consumer protection laws.

find out more

Installment Credit Agreement

A Philippine law-governed agreement establishing terms for installment-based credit arrangements, including payment schedules, interest rates, and party obligations.

find out more

Letter Of Credit Loan Agreement

A Philippine law-governed agreement establishing terms for combined loan and letter of credit facilities between a bank and borrower for trade finance purposes.

find out more

30 Day Credit Agreement

A Philippine-law governed 30-day credit agreement template for business-to-business transactions, compliant with local banking and commercial regulations.

find out more

Credit Term Agreement

A Philippine law-governed agreement establishing credit terms between lender and borrower, compliant with local banking and consumer protection regulations.

find out more

Standby Credit Agreement

A Philippine law-governed agreement where a bank commits to provide contingent credit or payment to a beneficiary upon specified conditions, subject to local banking regulations.

find out more

Revolving Credit Facility Agreement

A Philippine law-governed agreement establishing a revolving credit facility between a lender and borrower, allowing flexible borrowing up to a predetermined limit.

find out more

Term Loan Credit Agreement

A Philippine law-governed agreement establishing terms and conditions for a term loan facility, including loan amount, interest rates, repayment terms, and related obligations.

find out more

Supplier Credit Agreement

A Philippine law-governed agreement establishing credit terms between supplier and buyer, including payment conditions, interest rates, and security arrangements.

find out more

Revolving Credit Promissory Note

A Philippine law-governed financial instrument establishing a revolving credit facility with repeated draw-down capabilities, documenting the borrower's promise to pay and facility terms.

find out more

Business Credit Agreement

A Philippine law-governed agreement establishing terms for business credit facilities between a financial institution and a business borrower.

find out more

Master Credit Agreement

A comprehensive agreement governing credit facilities between lender and borrower under Philippine law, establishing terms for loans and credit accommodations.

find out more

Letter Of Credit Contract

A Philippine-law governed agreement establishing terms and conditions for documentary credit facilities in international trade transactions, incorporating local banking regulations and UCP 600.

find out more

Creditor Agreement

A Philippine law-governed agreement establishing credit terms and conditions between a creditor and debtor, including loan details, security arrangements, and enforcement provisions.

find out more

Credit Note Agreement

A Philippine-compliant legal agreement establishing terms for issuing a credit against a previous invoice, meeting local tax and commercial law requirements.

find out more

Credit Application Agreement

A Philippine-compliant agreement establishing terms and conditions between a financial institution and credit applicant, governed by local banking regulations and the Truth in Lending Act.

find out more

Revolving Line Of Credit Agreement

A Philippine law-governed agreement establishing a revolving credit facility between lender and borrower, setting out terms for credit access, repayment, and facility management.

find out more

Term Facility Agreement

A Philippine law-governed agreement establishing terms and conditions for a fixed-term loan facility between lender and borrower, compliant with local banking regulations.

find out more

Revolving Promissory Note

A Philippine law-governed financial instrument establishing a renewable credit facility that allows repeated borrowing up to a specified limit, subject to BSP regulations.

find out more

Employee Credit Card Agreement

A Philippine-law governed agreement establishing terms and conditions for employee corporate credit card usage, including rights, responsibilities, and compliance requirements.

find out more

Credit Purchase Agreement

A Philippine law-governed agreement establishing terms for credit extension in purchase transactions, compliant with local banking and consumer protection regulations.

find out more

Consumer Credit Contract

A Philippine law-governed agreement between a financial institution and consumer for credit facilities, complying with local banking and consumer protection regulations.

find out more

Trade Credit Agreement

A Philippine law-governed agreement establishing terms for trade credit extension between a supplier/financial institution and a business customer, including credit limits, payment terms, and security arrangements.

find out more

Funds Transfer Agreement

A Philippine law-governed agreement setting out terms and conditions for executing fund transfers, complying with BSP regulations and local banking laws.

find out more

Credit Facilities Agreement

A Philippine law-governed agreement establishing terms for credit facilities between lender and borrower, compliant with local banking regulations and BSP requirements.

find out more

Senior Facilities Agreement

A comprehensive financing agreement governed by Philippine law that establishes terms and conditions for senior debt facilities, including loans and credit arrangements.

find out more

Revolving Credit Loan Agreement

A Philippine law-governed agreement establishing a revolving credit facility with drawdown, repayment, and reborrowing rights, compliant with BSP regulations.

find out more

Line Of Credit Agreement

A Philippine law-governed agreement establishing a revolving credit facility between a lender and borrower, detailing credit terms and obligations under Philippine banking regulations.

find out more

Credit Loan Agreement

A Philippine law-governed agreement establishing terms and conditions for credit facilities between lenders and borrowers, ensuring compliance with local banking regulations.

find out more

Credit Sale Agreement

A Philippine law-governed agreement combining sale terms with credit arrangements, enabling purchase of goods through installment payments with seller security interests.

find out more

Credit Assignment Agreement

A legal agreement governed by Philippine law that transfers credit rights from an assignor to an assignee, including all terms and conditions of the assignment.

find out more

Credit Agreement Letter

A formal credit facility offer letter compliant with Philippine banking regulations that outlines loan terms and conditions.

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.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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 拢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.