Intercompany Revolving Loan Agreement Sample

Posted by Admin on Dec 10, 2020 in Uncategorized |

“Loans” are revolving loans totalling no more than $40 million ($40,000,000) made available under Section 2 of this agreement. This agreement constitutes the whole agreement between the parties with respect to the purpose of this agreement. Once executed, this agreement replaces and replaces the terms of all loan agreements between the parties. . If a delay event has occurred and has continued, the lender may protect and enforce its rights either through legal action, legal action, either by both, or for the specific performance of a provision of this agreement or for the exercise of power granted to the lender under that agreement. the parties encouraged their duly accredited agent to execute this intercompany-revolving facility agreement at the time of the first written execution and delivery. Communications are sent by an international courier established to the address of the party concerned, as defined in this agreement, and are deemed to be forwarded on the second working day following the date of the detachment. The communication must be sent as follows: “working day” refers to a day (except a Saturday or Sunday) when banks are generally open to operations in New York, New York. This agreement can only be amended by written letter signed by both parties. The principal balance of the loans and all accrued and unpaid interest and expenses relating to the loans must be fully repaid by the borrower as of January 20, 2020 (due date).

Any payment that, for this section 3 or section 5 below, would be due on a day that is not a working day, is due and payable on the business day following it. All payments made under this agreement must be made only less than the amount of taxes that must be withheld from these payments and the amounts that the borrower must withhold are withheld and paid to the appropriate government authority in accordance with the legal provisions. . Nothing included in this agreement is considered to be the payment of an interest rate that goes beyond the enforceable maximum rate or requires payment. If, at any time, the interest rate required under this agreement exceeds the statutory maximum rate, the interest rate payable is automatically reduced to the statutory maximum. If this interest rate is thus lowered and the maximum statutory rate is subsequently increased, the interest rate payable is automatically increased to the maximum statutory rate and the rate otherwise provided for in this agreement. The “acceleration note” has the meaning defined in point 7.2. .

This INTERCOMPANY REVOLVING FACILITY AGREEMENT AGREEMENT is concluded effective August 20, 2013 (the “agreement”). The borrower insures and guarantees the lender that , a) the borrower is duly organized, valid and organized in good repute (if any) in accordance with the laws of the State of Delaware, United States; (b) the borrower duly approved, executed and executed this agreement; and (c) this agreement constitutes a legally and binding undertaking by the borrower, which is applicable to the borrower in accordance with its terms.

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