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LOAN AGREEMENT
THIS AGREEMENT IS MADE the day of yearmoreover用法
BETWEEN:
(1) (the “Borrower”); andcenter
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struggle是什么意思(2) (the “Lender”).
NOW IT IS HEREBY AGREED as follows:
北京新东方英语学校地址1. Loan: Subject to and in accordance with this agreement, its terms, conditions and covenants the Lender agrees to lend to the Borrower on (the “Loan Date”) the principal sum of Pounds (£) (the “Loan”).
2. Note: The Loan shall be evidenced by a Note in the form attached hereto as Exhibit A (the “Note”) executed by the Borrower and delivered to the Lender on the Loan Date.
3. Interest: The Loan shall bear interest on the unpaid principal at an annual rate of percent (%). In
the event of a default in payment the aforesaid interest rate shall apply to the total of principal and interest due at the time of default.
4. Payment: Payment shall be in accordance with the terms contained in the Note. The Note may, at any time and from time to time, be paid or prepaid in whole or in part without premium or penalty, except that any partial prepayment shall be (a) in multiples of £, (b) a minimum of £, applied to any instalments due under the Note in the inver order of their maturity. Upon the payment of the outstanding principal in full or all of the instalments, if any, the interest on the Loan shall be computed and a final adjustment and payment of interest shall be made within five (5) days of the receipt of notice. Interest shall be calculated on the basis of a year of days and the actual number of days elapd.
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5. Security: The Borrower agrees to cure the repayment of the Loan by executing tho curity documents attached hereto as Exhibit B (the “Security Documents”) and shall deliver the Security Documents on the Loan Date. From time to time the Lender may demand, and the Borrower shall execute, additional loan documents which are reasonably necessary to perfect the Lender’s curity interests.
6. Reprentations and Warranties: The Borrower reprents and warrants:
(i) that the execution, delivery and performance of this agreement, and the Note and Security Documents have been duly authorid and are proper; (ii) that the financial statement submitted to the Lender fairly prents the financial condition of the Borrower as of the date of this agreement knowing that the Lender has relied thereon in granting the Loan; (iii) that the Borrower has no contingent obligations not disclod or rerved against in said financial statement, and at the prent time there are no material, unrealid or anticipated loss from any prent commitment of the Borrower; (iv) that there will be no material adver changes in the financial condition of the Borrower at the time of the Loan Date; (v) that the Borrower will advi the Lender of material adver changes which occur at any time prior to the Loan Date and thereafter to the date of final payment; and (vi) that the Borrower has good and valid title to all of the property given as curity hereunder. The Borrower reprents and warrants that such reprentations and warranties shall be deemed to be continuing reprentations and warranties during the entire life of this agreement.
7. Default: The Borrower shall be in default: (i) if any payment due hereunder is not made within () days of the date due; (ii) in the event of assignment by the Borrower for the benefit of creditors; (iii) upon the filing of any voluntary or
amplification
involuntary petition for bankruptcy by or against the Borrower; or (iv) if the Borrower has breached a
ny reprentation or warranty specified in this agreement.
8. Governing Law: This agreement, the Note(s) and the Security Documents shall be governed by, construed and enforced in accordance with the law of England and Wales to the jurisdiction of which the parties hereto submit.
IN WITNESS OF WHICH the parties have signed this agreement the day and year first above written
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foolish是什么意思Signed by or on behalf of the Borrower Signed by or on behalf of the Lender
