Demand Promissory Note | Canada

Secure the repayment of a loan made in Canada with this Promissory Note for Interest Only.

• This form of Note allows the borrower to make payments against interest only, with no payments to be made against the principal amount until the date specified in the Note.
• Interest payments will be made in arrears, at regularly scheduled dates.
• The principal may be repaid at any time without a penalty (fee) being charged.
• This template is in MS Word format and can be edited as necessary to include all the specifics of your transaction.
• Intended for use only in Canada.

Secure the obligations of a corporate tenant ⁄ lessee under a commercial lease in Canada with this Commercial Lease Indemnity Agreement.

• The indemnity is given by a principal of the tenant, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• An indemnity of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• If the tenant defaults in its obligations, the indemnifying party agrees to perform those obligations, including paying all rent and other amounts due under the lease.
• The indemnifying party also indemnifies and saves the landlord harmless against loss, costs or damages suffered by the landlord as a result of such failure.
• The indemnity is absolute, unconditional and irrevocable, and will not be affected by any extension of time, waiver or consent by the landlord, or by the expiration or termination of the lease.

This Canada Commercial Lease Indemnity Agreement template is provided in MS Word format, and is fully editable to meet your exact needs.

This downloadable Grid Note (also called a Term Note) can be used to secure multiple advances of loan proceeds.

• The form can be used anywhere in Canada.
• The Note covers multiple advances or stages of funding under a lending agreement between the borrower and the lender.
• This form of Note is commonly used for construction financing, where more than one advance of loan proceeds would be made.
• Provided in MS Word format, easy to download, fill in with your details, and print.

Issue debentures as security for funding with this downloadable Convertible Debenture template.

• The Debenture is issued by a corporation to a lender as security for a commercial loan.
• The Debenture is convertible into shares in the capital of the corporation at any time prior to the repayment of the principal amount of the loan (but not including any accrued but unpaid interest).
• This is a generic legal form which is not specific to any country, state or province.
• The Convertible Debenture template is fully editable and can be easily customized to meet your needs.

Declare a capital dividend for a Canadian business corporation with this template Directors Resolution form.

• For tax purposes, it's important that all resolutions are properly passed and actions taken at the correct times.
• The Board of Directors declares the capital dividend on a specific class of shares.
• The corporation makes an election under Section 85 of the Income Tax Act (Canada). The dividend does not become payable until the election is made.
• This form can be used by business corporations incorporated under a Business Corporations Act throughout Canada.