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1. Parties: Identifies and provides full legal names and addresses of the Borrower and Co-Signer
2. Background: Explains the context of the agreement, including reference to the primary loan agreement and reason for co-signing
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Co-Signer's Obligations: Details the specific responsibilities and obligations of the co-signer, including extent of liability
5. Borrower's Primary Responsibility: Clearly states that the borrower remains primarily responsible for the debt
6. Terms of Payment: Outlines payment schedules, amounts, and methods of payment
7. Default Provisions: Specifies what constitutes a default and the consequences thereof
8. Notice Requirements: Details how and when parties must notify each other of important events or changes
9. Rights of Co-Signer: Outlines the co-signer's rights, including right to information about the loan status
10. Termination: Specifies conditions under which the co-signer's obligations may end
11. Governing Law: Specifies that the agreement is governed by Canadian law and identifies applicable province
12. Execution: Formal signing section with date and witness provisions
1. Collateral: Include when specific assets are pledged as security for the loan
2. Reimbursement Rights: Include when establishing specific terms for how the co-signer can seek reimbursement from the borrower
3. Insurance Requirements: Include when either party is required to maintain specific insurance coverage
4. Release Conditions: Include when there are specific conditions under which the co-signer can be released from obligations
5. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures
6. Financial Reporting: Include when regular financial updates are required from the borrower
7. Acceleration Clause: Include when circumstances allowing for immediate full repayment demand should be specified
1. Schedule A - Primary Loan Agreement: Copy or summary of the primary loan agreement being co-signed
2. Schedule B - Payment Schedule: Detailed breakdown of payment amounts, dates, and terms
3. Schedule C - Contact Information: Detailed contact information for all parties, including preferred methods of communication
4. Appendix 1 - Notice Forms: Standard forms for providing required notices under the agreement
5. Appendix 2 - Financial Disclosure: Initial financial disclosure forms and statements from the borrower
Applicable Law
Borrower
Co-Signer
Default
Event of Default
Guaranteed Obligations
Lender
Loan
Loan Agreement
Notice
Outstanding Balance
Payment Due Date
Payment Schedule
Principal Amount
Related Documents
Security
Term
Interest Rate
Business Day
Cure Period
Effective Date
Enforcement Action
Material Adverse Change
Parties
Repayment Terms
Default Interest Rate
Collateral
Release Date
Governing Law
Recitals
Scope of Guarantee
Payment Obligations
Default and Remedies
Notice Requirements
Representations and Warranties
Rights and Obligations
Indemnification
Term and Termination
Release Conditions
Reimbursement Rights
Communication Requirements
Amendment and Modification
Assignment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Force Majeure
Counterparts
Acknowledgment
Waiver
Consent
Survival
Liability
Security Interest
Financial Reporting
Confidentiality
Execution
Banking
Financial Services
Consumer Lending
Real Estate
Education (Student Loans)
Automotive Finance
Small Business Lending
Retail Finance
Credit Services
Legal
Compliance
Credit Risk
Consumer Lending
Collections
Document Management
Customer Service
Operations
Risk Management
Loan Officer
Credit Manager
Financial Advisor
Legal Counsel
Compliance Officer
Risk Manager
Collections Manager
Account Manager
Consumer Lending Specialist
Credit Analyst
Contract Administrator
Legal Administrator
Banking Operations Manager
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