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Director Loan To Company Agreement
"I need a Director Loan To Company Agreement for a €500,000 unsecured loan from me to my Belgian technology startup, with quarterly interest payments at 3% per annum and full repayment due by March 2025."
1. Parties: Identification of the Director as lender and the Company as borrower, including full legal names, addresses, and registration details
2. Background: Context of the loan, including the company's need for funding and the director's capacity to provide it
3. Definitions: Definitions of key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of the loan amount, currency, and intended use of funds
5. Interest Rate: Details of the applicable interest rate, calculation method, and payment frequency
6. Repayment Terms: Schedule and method of repayment, including any early repayment provisions
7. Conditions Precedent: Conditions that must be satisfied before the loan becomes effective
8. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority to enter into the agreement
9. Corporate Approval: Confirmation of necessary corporate approvals and compliance with Belgian Companies Code requirements
10. Events of Default: Circumstances that would constitute a default and the consequences thereof
11. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for disputes
1. Security: Details of any security or collateral provided for the loan, required when the loan is secured
2. Subordination: Provisions regarding the ranking of the loan in relation to other company debts, needed when there are other creditors
3. Tax Provisions: Specific tax-related clauses, particularly relevant for large loans or when tax optimization is required
4. Interest Rate Adjustment: Mechanisms for adjusting interest rates, needed when variable rates are used
5. Board Approval Process: Detailed procedures for board approval, required for larger loans or when specifically mandated by company articles
6. Conversion Rights: Provisions for converting the loan to equity, included when conversion rights are part of the agreement
1. Repayment Schedule: Detailed schedule of repayment dates and amounts
2. Corporate Authorizations: Copies of relevant board resolutions and corporate approvals
3. Calculation of Interest: Detailed methodology for interest calculation and examples
4. Conflicts of Interest Declaration: Required declaration under Belgian Companies Code regarding director's conflict of interest
5. Previous Loans Statement: Statement of any existing loans between the director and the company
Authors
Business Day
Company
Conditions Precedent
Default Interest Rate
Default Event
Director
Drawdown Date
Effective Date
Encumbrance
Financial Year
Governing Law
Interest Payment Date
Interest Period
Interest Rate
Loan
Loan Amount
Material Adverse Change
Maturity Date
Parties
Prepayment
Principal Amount
Repayment Date
Repayment Schedule
Security
Subsidiary
Tax
Working Capital
Interest Rate
Repayment Terms
Security
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Corporate Approval
Conflict of Interest
Tax Provisions
Notice Requirements
Assignment and Transfer
Confidentiality
Force Majeure
Amendment and Modification
Governing Law
Jurisdiction
Severability
Entire Agreement
Counterparts
Further Assurance
Costs and Expenses
Subordination
Set-off Rights
Early Repayment
Default Interest
Financial Services
Professional Services
Technology
Manufacturing
Retail
Healthcare
Real Estate
Construction
Energy
Telecommunications
Transportation
Media and Entertainment
Agriculture
Mining and Resources
Legal
Finance
Corporate Secretariat
Treasury
Tax
Compliance
Risk Management
Corporate Governance
Board Secretariat
Director
Managing Director
Chief Executive Officer
Chief Financial Officer
Financial Controller
Company Secretary
Legal Counsel
Corporate Lawyer
Finance Manager
Treasury Manager
Board Member
Compliance Officer
Tax Director
Risk Manager
Corporate Governance Officer
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