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1. Parties: Identifies the lender (shareholder) and borrower (corporation)
2. Background: Context of the loan and relationship between parties
3. Definitions: Key terms used throughout the document
4. Principal Amount: States the amount being loaned
5. Interest Rate: Specifies interest rate and calculation method
6. Repayment Terms: Details of when and how repayment should occur
7. Execution: Signature blocks and execution formalities
1. Security: Details of any security provided for the loan - used when loan is secured
2. Events of Default: Circumstances constituting default - used for larger or more formal loans
3. Subordination: Position relative to other creditors - used when company has other creditors
4. Early Repayment: Terms for early repayment - used if early repayment is permitted
1. Repayment Schedule: Detailed breakdown of repayment dates and amounts
2. Security Details: Description of any security provided - for secured loans
3. Corporate Authorizations: Company resolutions authorizing the loan
Borrower
Business Day
Companies Act
Default Interest Rate
Event of Default
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Maturity Date
Principal Amount
Repayment Date
Repayment Schedule
Security
Shareholder
Subsidiary
Tax
Working Day
Guarantor
Secured Assets
Security Documents
Subordinated Debt
Senior Debt
Permitted Purpose
Material Adverse Effect
Governing Law
Change of Control
Enforcement Rights
Interest
Repayment Terms
Payment Mechanics
Representations and Warranties
Security
Events of Default
Acceleration
Set-Off Rights
Notice Requirements
Assignment and Transfer
Amendments and Waivers
Costs and Expenses
Tax Gross-Up
Governing Law
Jurisdiction
Subordination
Conversion Rights
Early Repayment
Information Undertakings
Financial Covenants
Change of Control
Further Assurance
Guarantee
Indemnification
Confidentiality
Severability
Entire Agreement
Third Party Rights
Counterparts
Notices
Force Majeure
Waiver
Time of Essence
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