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Demand Loan
I need a Demand Loan agreement under Danish law for a parent company lending 2 million DKK to its subsidiary, with the parent company retaining the right to demand repayment at any time with 5 business days' notice.
1. Parties: Identification of the lender and borrower with full legal names and addresses
2. Background: Context of the loan arrangement and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of the principal amount and intended use of the loan
5. Interest Rate: Details of interest calculation, rate, and payment frequency
6. Repayment Terms: Conditions for repayment, including the on-demand nature of the loan
7. Demand Mechanism: Process and requirements for demanding repayment
8. Representations and Warranties: Statements of fact and assurances from the borrower
9. Events of Default: Circumstances that constitute default under the agreement
10. Consequences of Default: Actions the lender may take upon default
11. Notices: Communication requirements and contact details
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction
13. Signatures: Execution blocks for all parties
1. Security: Include when the loan is secured by collateral or guarantees
2. Insurance Requirements: Include when specific insurance coverage is required for the loan
3. Costs and Expenses: Include when there are specific provisions about who bears various costs
4. Assignment and Transfer: Include when rights to transfer or assign the loan need to be addressed
5. Tax Provisions: Include when specific tax implications need to be addressed
6. Financial Covenants: Include when ongoing financial requirements are imposed on the borrower
7. Subordination: Include when the loan needs to be subordinated to other debt
8. Multiple Borrowers: Include when there is more than one borrower
9. Currency Provisions: Include when the loan involves multiple currencies
1. Repayment Schedule: Details of any agreed payment schedule or minimum payment requirements
2. Details of Security: Description and documentation of any security or collateral
3. Calculation of Interest: Detailed methodology for interest calculation
4. Form of Demand Notice: Template for formal demand of repayment
5. Conditions Precedent: List of documents and conditions required before loan disbursement
6. Contact Details: Detailed contact information for all parties and authorized representatives
7. Required Insurance: Specifications of required insurance coverage if applicable
Authors
Applicable Law
Business Day
Demand Notice
Default Interest Rate
Default Event
Effective Date
Interest Payment Date
Interest Period
Interest Rate
Lender
Borrower
Loan
Outstanding Amount
Principal Amount
Repayment Date
Security
Security Documents
Danish Business Hours
Material Adverse Effect
Permitted Purpose
Related Party
Representatives
Taxes
Working Day
Notice Period
Demand Period
Guarantor
Security Provider
Authorization
Encumbrance
Financial Indebtedness
Group
Subsidiary
Danish Kroner
CIBOR
Force Majeure Event
Confidential Information
Signing Date
Interest Rate
Repayment
Demand Rights
Default
Representations and Warranties
Security
Assignment
Notices
Governing Law
Force Majeure
Confidentiality
Costs and Expenses
Indemnification
Insurance
Subordination
Payment Mechanics
Set-off
Amendment
Severability
Entire Agreement
Waiver
Counterparts
Third Party Rights
Data Protection
Anti-Money Laundering
Sanctions Compliance
Financial Covenants
Information Undertakings
Tax Provisions
Banking
Financial Services
Real Estate
Construction
Manufacturing
Retail
Technology
Healthcare
Energy
Agriculture
Transportation
Professional Services
Education
Hospitality
Non-Profit Organizations
Legal
Finance
Treasury
Compliance
Risk Management
Credit Administration
Corporate Secretariat
Business Development
Operations
Executive Management
Board of Directors
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Credit Manager
Risk Manager
Financial Controller
Account Manager
Relationship Manager
Business Development Manager
Company Secretary
Finance Manager
Managing Director
CEO
Board Member
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