Wondering how to write a Loan Agreement? Download this legal Loan Agreement template now!
A typical loan agreement is made between a borrower and a lender which regulates the mutual promises made by each party regarding the loan. This is a general loan agreement. There are also different specialist loan agreements, such as "facilities agreements," "revolvers," "term loans," "working capital loans." This generic loan agreement covers the most important subjects and will help you to structure your meetings and communication in a professional way with the lender or borrower, such as:
- Expiration and maturity
- Disbursements and taxes
- Assignment and transfer
The following events shall constitute events of default under this Agreement:
- the Borrower fails to make any payment owed under this Loan Agreement when and as due;
- the Borrower is insolvent or enters into or files for bankruptcy proceedings, seeks or obtains relief from its creditors or its management, or becomes subject to administrative or judicial measures for the protection of its creditors' rights.
In the event that one of the events of default listed here above occurs, the Lender has the right, but not the obligation, to declare all amounts outstanding under this Loan Agreement to be due and payable with immediate effect, including accrued interest and all other amounts accrued thereon.
Download this Loan Agreement template and save yourself time and effort. However, we still recommend you consider consulting a local law firm in case of doubt to support you in this matter. This loan agreement template is drafted and screened by legal professionals. The 3 step process virtually guarantees you can finish and print your legal loan agreement in minutes!
Using our legal templates will help you to deal with the situation. However, this Legal template will help you dealing with this legal matter, we still recommend you to consider finding legal support in case you have doubts about dealing with it the right way. Finishing your legal Loan Agreement was never simpler!