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1. Parties: Identification of the lender and borrower, including full legal names and addresses
2. Background: Context of the loan, relationship between parties, and purpose of the forgivable loan
3. Definitions: Key terms used throughout the document, including specific definitions related to forgiveness conditions
4. Loan Amount and Terms: Principal amount, interest rate (if any), and payment schedule
5. Promise to Pay: Formal promise by the borrower to repay the loan according to the specified terms
6. Forgiveness Provisions: Detailed conditions under which the loan may be forgiven, including qualifying criteria and timeline
7. Repayment Terms: Schedule of payments, payment methods, and handling of early repayment
8. Default Provisions: Events constituting default and consequences thereof
9. Representations and Warranties: Statements of fact and promises made by the borrower regarding their situation and intentions
10. Notices: How and where formal communications between parties should be made
11. Governing Law: Specification of Australian law as governing law and jurisdiction
1. Security: Details of any collateral or security for the loan, used when the loan is secured
2. Guarantor Provisions: Terms applying to guarantors, included when there is a third-party guarantee
3. Special Conditions: Any unique terms or conditions specific to this loan arrangement
4. Tax Implications: Statement of tax consequences of loan forgiveness, included when significant tax implications exist
5. Reporting Requirements: Specific reporting obligations to demonstrate compliance with forgiveness conditions
6. Amendment Process: Procedures for modifying the agreement, included for complex or long-term arrangements
7. Assignment Rights: Terms regarding the ability to transfer rights under the note, included when relevant
1. Schedule A - Payment Schedule: Detailed breakdown of payment dates and amounts
2. Schedule B - Forgiveness Criteria: Specific metrics or milestones that trigger loan forgiveness
3. Schedule C - Calculation of Forgiveness: Formula or methodology for calculating the amount to be forgiven
4. Schedule D - Required Documentation: List of documents required to demonstrate compliance with forgiveness conditions
5. Appendix 1 - Defined Terms: Extended definitions of technical terms used in the agreement
6. Appendix 2 - Form of Forgiveness Notice: Template for formal notification of loan forgiveness
Agreement
Applicable Law
Business Day
Borrower
Default
Default Rate
Due Date
Effective Date
Event of Default
Forgiveness Conditions
Forgiveness Date
Forgiveness Notice
Forgiveness Period
Forgiven Amount
Governing Law
Interest Rate
Lender
Loan
Loan Amount
Maturity Date
Notice
Outstanding Balance
Payment Date
Payment Schedule
Permitted Purpose
Principal Amount
Qualifying Conditions
Repayment Schedule
Security
Term
Verification Documents
Promise to Pay
Interest
Forgiveness Conditions
Repayment
Security
Default
Acceleration
Representations and Warranties
Covenants
Reporting Requirements
Notice
Assignment
Amendment
Severability
Governing Law
Jurisdiction
Waiver
Indemnification
Confidentiality
Force Majeure
Tax Provisions
Dispute Resolution
Termination
Integration
Counterparts
Banking and Financial Services
Education and Training
Healthcare
Government and Public Sector
Not-for-Profit
Small Business
Professional Services
Agriculture
Technology and Startups
Economic Development
Legal
Finance
Treasury
Compliance
Risk Management
Human Resources
Credit Administration
Corporate Governance
Accounting
Business Development
Chief Financial Officer
Finance Manager
Legal Counsel
Loan Officer
Credit Manager
Compliance Officer
Financial Controller
Treasury Manager
Risk Manager
Business Development Manager
Human Resources Director
Corporate Secretary
Financial Analyst
Accounting Manager
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