Business Line Of Credit Agreement Form

INTEREST – PRINCIPAL: The unpaid capital of this line of credit becomes a simple interest equal to % ( ) per year. Interest is calculated on the basis of the principal balance, which can be adjusted from time to time to reflect the additional advances made in this form. Interest on the unpaid balance of this communication is payable monthly, but is payable only when the principal balance of this communication becomes payable and payable. The main balance of this note is payable and payable on – No penalty is imposed for the prepayment of all or part of the principal. DEFAULT: The borrower is late if one of the following events occurs: (i) the borrower will not fulfill his obligation to pay the necessary interest or capital payments. (ii) the borrower is liquidated or liquidated; (iii) the borrower makes an assignment to creditors or is unable to acknowledge or admit in writing that he is unable to repay his debts when they mature; (iv) the borrower initiates or takes legal action in the context of an existing or future right of a jurisdiction in connection with bankruptcy, insolvency, reorganization or surrender of debtors, or such action is brought against the undersigned; v) the borrower undergoes a designated recipient for him or one of his assets, or he suffers from a foreclosure, foreclosure, surrender or execution. FÜR VALUE RECEIVED, _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________die Hauptsumme von ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Es ist die Absicht des Kreditnehmers und des Kreditgebers, eine Kreditlinie zwischen Kreditnehmer und Kreditgeber zu schaffen, wobei der Kreditnehmer bis zu einem Darlehenvon bis zu einem Darlehenskredit von Le prêteur est lender to a Lender loan up to a borrower. However, to the extent that the lender is not required to lend money to the borrower in this regard and the decision to lend that money is left to the lender`s sole discretion. REMEDIES: If this communication is delayed, the lender can immediately declare the total amount due and due. The lender may also use all legal and equity remedies to enforce and recover the amount owed under this note. The borrower hereshes out the requirement, present, dishonor, diligence in collecting, grace and message of protest. SÉCURITÉ: cette note est garantie par une hypothèque (« mortgage ») sur certains biens immobiliers détenus par l`emprunteur, Cela s`est fait en ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________