When do I use this document? secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance for a borrower which is a company incorporated in England and Wales for a loan repayable on a single repayment date or in instalments What are the key features? easy to edit, with 21 clauses over 13 pages single advance of specified loan amount regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest repayment either on a single repayment date or in instalments undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment What else do I need to know? The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include: a charge over property a charge over shares a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking What other documents are available? For a form of unsecured loan document, see Loan Agreement: unsecured For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see Facility Agreement: unsecured Facility Agreement: secured

All access pass

Name: All access pass - PaperRock Documents
Price: 450.00 GBP
Availability: InStock

Access our entire and expanding library of up-to-date legal templates for a whole year. Expertly written legal document templates at your fingertips for instant download whenever you need them. Our time-limited offer ensures even better value.

A subscription with Paper Rock offers great value if you’re downloading even just a few documents a year. You’ll have unlimited access to fully customisable templates written by legal experts all year round. Plus, our library of legal documents is growing all the time, and as a subscriber you’ll have access to everything as soon as it’s added for no extra cost.

Description

When do I use this document?

secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance
for a borrower which is a company incorporated in England and Wales
for a loan repayable on a single repayment date or in instalments

What are the key features?

easy to edit, with 21 clauses over 13 pages
single advance of specified loan amount
regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest
repayment either on a single repayment date or in instalments
undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings
events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment

What else do I need to know?

The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include:

a charge over property
a charge over shares
a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking

What other documents are available?

For a form of unsecured loan document, see

Loan Agreement: unsecured

For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Original price was: £800.00.Current price is: £450.00. exc VAT / year

Updated by a lawyer on 16/12/2021

Updated By a lawyer on 12/16/2021

Create your document in 3 Easy Steps

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”