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PLAYBOOK TEMPLATES
Credit Facility & Revolving Line Agreement
A Credit Facility & Revolving Line Agreement defines the terms for ongoing credit access between borrower and lender. This playbook reviews financial covenants, interest structures, and default remedies.
Representations & Warranties
Negotiation strategy
Negotiate for narrow, materiality-qualified representations to limit exposure. Ensure survival periods are reasonable and include knowledge qualifiers to protect against unforeseen liabilities.
Aim for broader representations to ensure comprehensive disclosure. Push for longer survival periods and avoid strict knowledge qualifiers to maintain flexibility.
Essential elements
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Materiality Qualification
Limits reps to material facts.
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Survival Period
Defines duration of reps' validity.
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Knowledge Qualifier
Limits reps to known facts.
Action framework
ACCEPT
Propose edits when reps are too broad or lack materiality qualifications.
EDIT
Reject clauses that impose unlimited liability or lack a survival period.
ADD
Add language for materiality, survival periods, and knowledge qualifiers if absent.
PRO TIP
Always ensure representations are clear and include a defined survival period to avoid future disputes.
Real-world examples
FAVORABLE
Materiality Qualified Representations
"Each party represents and warrants that all statements made herein are true and correct in all material respects as of the date hereof and will be true and correct in all material respects as of the closing date."
NEUTRAL
Survival Period of Representations
"The representations and warranties set forth in this Agreement shall survive the closing for a period of twelve (12) months, after which they shall expire and be of no further force or effect."
UNFAVORABLE
Quantifiable Breach Clause
"Any breach of the representations and warranties shall be deemed quantifiable if it results in a financial loss or liability exceeding $10,000, which shall be the threshold for actionable claims under this Agreement."
Alternative scenarios & positions
High-Risk Projects
In high-risk projects, representations should be more comprehensive, with longer survival periods to cover potential liabilities.
Cross-Border Transactions
Cross-border deals may require additional reps to address jurisdiction-specific legal standards and mitigate international risks.
Start-Up Acquisitions
For start-ups, focus on reps related to intellectual property and financial stability to ensure asset protection.
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WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
Install Module
We connect DocJuris to your contract repositories, set up admin and user accounts, and ensure your environment is ready for success.
WEEK 3
Deliver & Test
Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
Launch
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