Inter Corporate Loan Agreement Draft India

6. It is expressly agreed between and between the parties that in the event of a downward revision of the market price of the 123 LTD shares, the borrower/lender will pay, for the lender alone, these other units of 123 LTD, in order to guarantee a margin between the loan amount and the interest and securities. 4. In the event that the lender sends the borrower notification of the clearing of the margin on the securities (in this Fall_____% and the borrower refuses and/or omits: obtaining the margin within the time frame set out in the notice of the contract is considered by the borrower to be an obligatory delay in the terms of this agreement and, in this case, it is legal (but not mandatory) for the lender to require the borrower to repay the loan at the same time as the outstanding interest, and the borrower is required to repay the loan in full, with the interest of the loan, without any objection and/or questioning. XYZ Limited, a company created under the Companies Act 1956 and headquartered in New Delhi-110030, India (hereafter referred to as “borrower”), whose expression, provided it is not repugnant to the purpose or context of the latter, includes its successors and approved beneficiaries of the first part. The parties ensure that the person executing this agreement on behalf of each of the parties is fully entitled to do so and that all business steps necessary to authorize the implementation of this agreement have been taken by that party, on the understanding that neither party is required to request or verify whether these measures have been taken. Inter-corporate deposits or loan contract A loan agreement is a contract between the borrower and the lender that defines the terms of the loan to the borrower. A loan can be taken by a credit institution, friends, family member, etc. A loan contract is essential, regardless of the beneficiary. Even if the loan is given to a friend or family member, it is always better to have a loan agreement.

It serves as a legal document for resolving disputes that may arise in the future between the borrower and the lender. IN WITNESS WHEREOF, the parties signed this agreement on the date and place above, accepting all of the above conditions. 6. At any time, the lender has the option of converting all or part of the outstanding loans and interest into equity by giving the borrowing company a simple request/notification of a potential, whether it is equity or preferences at a price that can be set by the parties in accordance with the applicable laws of the land. B. Borrowers have i.e._________ to “The Lender” for the granting of inter-company ace deposits. (roupies_ only for a period of days after the loan payment date. A loan agreement contains the following information: C. The lender considered the borrower`s application favourably and agreed to lend and grant the borrower a guaranteed interest rate on Rs. – (only roupies_) on terms and pacts.

Three of them. In order to guarantee the timely repayment of the loan at the same time as the loan in question, it has agreed to commit to the lender, the shares in shares held in the name of the pawnbroker, as they are listed in the appendix of this appendix and are treated as an integral part of the agreement in the equity of 123 Limited, a company incorporated in accordance with the provisions of the Company Act, 1956 having its head office