Русско-англо-русский юридический словарь

It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $___________________ from Lender; provided, however, that Lender has no obligation to lend Borrower any amounts hereunder and the decision to lend such money lies in the sole and complete discretion of the Lender. (ilrg.com)

In a press statement during a visit by Liberian President Ellen Johnson Sirleaf, Prime Minister Manmohan Singh on Wednesday said that India has been helping Liberia's development efforts and that "our decision to sign a line of credit agreement of $144m (£91m)… to fund a power transmission and distribution project in Liberia will further enhance our engagements". (BBC News)

"Facility Agreement" refers to an agreement that establishes a revolving credit facility, allowing the borrower to draw, repay, and re-borrow up to a specified limit. (Cobrief)

A credit facility agreement details the borrower’s responsibilities, loan warranties, lending amounts, interest rates, loan duration, default penalties, and repayment terms and conditions. (Investopedia)

That is, if the borrower meets certain conditions precedent to the credit facility agreement, then the lender must extend a line of credit to the borrower. (Legal Information Institute)

Example in Loan Agreement: "This Credit Facility Agreement grants the Borrower access to a suite of borrowing options, including a $500,000 Revolving Credit Line for operational liquidity, a $2,000,000 Term Loan for capital expenditures, and up to $500,000 in Letters of Credit for trade financing. (Munizzi Law Firm, Florida)