LOAN AGREEMENT
THIS LOAN AGREEMENT is made on [___] (the “Agreement”).
BY AND BETWEEN:
1.
PT______, a limited liability company duly established and existing under the
laws of Indonesia, having its principal office at _______, Indonesia (the “Lender”).
2.
PT ______, a limited liability company duly established and existing under the
laws of Indonesia, having its principal office at _______, Indonesia (the “Borrower”).
The Lender and
the Borrower are collectively referred to as the “Parties”, and each one of them as a “Party”.
WITNESSETH:
WHEREAS, the Borrower intends to borrow certain amount from the Lender, and
the Lender has agreed to lend such amount to the Borrower, pursuant to the
terms and conditions of this Agreement.
NOW
THEREFORE, in consideration of the mutual covenants
and premises and other good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the Parties hereto agree to enter
into this Agreement to document their agreements as stipulated in the above
recital pursuant to the following terms and conditions:
In this Agreement, unless the context
requires otherwise, the following terms have the meanings ascribed next to
them:
“Assets”
means businesses, undertakings, securities, properties, revenues or rights of
every description and whether present or future, actual or contingent.
“Business
Day” means a day (other than Saturday and Sunday) on which banks are open
for general business in Indonesia.
“Date
of Advance” means [___].
“Loan”
means the loan facility extended by the Lender to the Borrower pursuant to
terms and conditions of this Agreement.
“Maturity
Date” is as defined in Clause 3.1 of
this Agreement.
“Payment
Date” is as defined in Clause 9.2 of
this Agreement.
“Security
Interest” means any mortgage, pledge, lien, charge (fixed or floating),
assignment, conditional or forward or prepaid sale, set-off or trust
arrangement for the purpose of creating security, reservation of title or
security interest or any other agreement or arrangement having a substantially
similar effect.
“US$”
or “Dollar” means the currency of
the United States of America.
The aggregate principal amount of the Loan is US$ [___] (as may be
amended pursuant to the terms of this Agreement). The Borrower hereby agrees and acknowledges
that an amount of US$ [___] has been made available in full by the Lender on
the Date of Advance to the following bank account as instructed by the
Borrower:
Bank/Branch: [___]
Address: [___]
SWIFT Code: [___]
For account of: [___]
Account number: [___].
Address: [___]
SWIFT Code: [___]
For account of: [___]
Account number: [___].
3.1.
Except to the extent already
prepaid or repaid under Clause 9 of this Agreement, the
Borrower shall repay all principal amounts due on the Loan in United States
Dollar, together with accrued and unpaid interest thereon and any other sum
then owed by it under this Agreement, on the date falling [___] years from the
Date of Advance (such date, the “Maturity
Date”).
3.2.
Any principal amounts repaid or
prepaid under this Agreement may not be re-borrowed.
Mr Pedro recently helped us with a loan which we used to expand our business. The process was amazing! He was in touch with us frequently to check in and to update us on what was happening throughout our loan repayment. He was friendly and approachable and always able to clear up questions that we had. We had such a great experience working with Pedro!!
BalasHapusContact A Loan Officer Pedro
Email: pedroloanss@gmail.com