COMPANY LETTERHEAD
{{company_name}}
{{company_address}}
Tel: {{phone}}
Email: {{email}}
Website: {{website}}
FINANCING AGREEMENT
This Financing Agreement ('Agreement') is made and entered into on this {{date_of_agreement}}
BETWEEN:
{{lender_company_name}}, a company duly incorporated under the laws of {{lender_jurisdiction}}, with its principal place of business at {{lender_address}} (hereinafter referred to as the 'Lender').
AND
{{borrower_company_name}}, a company duly incorporated under the laws of {{borrower_jurisdiction}}, with its principal place of business at {{borrower_address}} (hereinafter referred to as the 'Borrower').
The Lender and the Borrower are hereinafter collectively referred to as the 'Parties' and individually as 'Party'.
1. FINANCING AMOUNT AND PURPOSE
1.1. The Lender agrees to provide financing to the Borrower in the principal amount of {{currency}} {{financing_amount}} ({{financing_amount_words}}).
1.2. The purpose of this financing is for {{purpose_of_financing}}.
2. INTEREST RATE AND REPAYMENT TERMS
2.1. The financing shall bear interest at a rate of {{interest_rate}}% per annum, calculated on a {{interest_calculation_basis}} basis.
2.2. The Borrower shall repay the principal amount together with accrued interest in {{number_of_installments}} installments of {{currency}} {{installment_amount}} each, commencing on {{first_repayment_date}} and subsequently on the {{repayment_day_of_month}} day of each {{repayment_frequency}} thereafter until the full amount is repaid. The final repayment date shall be {{final_repayment_date}}.
2.3. All payments shall be made to the Lender's bank account: Account Name: {{lender_bank_account_name}}, Account Number: {{lender_bank_account_number}}, Bank Name: {{lender_bank_name}}, Branch: {{lender_bank_branch_address}}.
3. COVENANTS OF THE BORROWER
3.1. The Borrower shall use the financing exclusively for the purpose stated in Clause 1.2.
3.2. The Borrower shall provide the Lender with financial statements and other information as reasonably requested by the Lender to monitor the Borrower's financial condition.
3.3. The Borrower shall not incur any further indebtedness that would materially impair its ability to repay the financing without the prior written consent of the Lender.
4. CONDITIONS PRECEDENT
4.1. This Agreement shall become effective upon the satisfaction of the following conditions precedent:
(a) The Borrower providing certified copies of its constitutional documents.
(b) The Borrower providing board resolutions approving this Agreement and the financing.
(c) {{other_conditions_precedent}}
5. EVENTS OF DEFAULT
5.1. The occurrence of any of the following events shall constitute an event of default ('Event of Default'):
(a) Failure by the Borrower to make any payment when due under this Agreement.
(b) Any representation or warranty made by the Borrower proving to be untrue or misleading.
(c) Breach of any covenant or other term of this Agreement by the Borrower.
(d) Commencement of insolvency or winding-up proceedings against the Borrower.
5.2. Upon the occurrence of an Event of Default, the Lender may, at its option, declare the entire outstanding amount of the financing, together with all accrued interest and other charges, immediately due and payable.
6. GOVERNING LAW AND DISPUTE RESOLUTION
6.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.
6.2. Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in {{arbitration_city}}, {{arbitration_country}} in accordance with the arbitration rules of {{arbitration_institution}}.
7. MISCELLANEOUS
7.1. This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and negotiations, whether oral or written.
7.2. No amendment or modification of this Agreement shall be effective unless in writing and signed by both Parties.
7.3. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.
FOR THE LENDER:
_____________________________
Name: {{lender_signatory_name}}
Title: {{lender_signatory_title}}
Date: {{lender_signature_date}}
FOR THE BORROWER:
_____________________________
Name: {{borrower_signatory_name}}
Title: {{borrower_signatory_title}}
Date: {{borrower_signature_date}}
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