Loan agreement for an unsecured loan of a fixed amount to a corporate borrower which is incorporated in England and Wales, to be drawn in a single advance and repayable either on a single repayment date or in instalments
Use this document:
- for an unsecured 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
Key features include:
- 21 clauses over 13 pages
- single advance of specified loan amount
- unsecured loan
- 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 prohibitions on granting security and additional borrowings
- events of default, leading to the lender having the right to demand immediate repayment
Alternative loan and facility agreements
For a form of secured loan agreement, see Loan Agreement: secured. For forms of unsecured and secured facility agreements, Facility Agreement: unsecured and Facility Agreement: secured.
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