Loan Transaction Forms

Document your security interest in a borrower's property with this Accounts Receivable Security Agreement template for Canadian lenders.

• The Agreement is part of the documentation that the borrower must provide to the lender, to secure a loan or line of credit.
• The Agreement grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts receivable and book debts.
• The form is governed by Canadian laws and can be used in any province or territory which has Personal Property Security Act legislation.
• Buy and download the template in MS Word format. Other formats available on request.

Assign various loan documents from one lender to another with this Specific Assignment and Transfer of Loan Contracts.

• The assignee assumes the original lender's rights under the contracts.
• The assignee has no liability with respect to the assigned rights and no obligation to perform the lender's obligations.
• The document includes a Notice of Assignment form that must be sent to each borrower and to any other party that has an interest in the contracts.
• This is a generic legal form which does not contain references to specific countries or jurisdictions.
• The Specific Assignment and Transfer of Contracts template is downloadable and fully editable to meet your needs.

Secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement for Canadian lenders.

• The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
• The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
• The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a demand in writing to the tenants to pay the rents to the assignee.
• The agreement stays in effective until all of the monies due under the mortgage have been paid in full.
• An Assignment of Rents Agreement is a good means of obtaining additional security for performance under a loan agreement. You can download it immediately following purchase.
• This form is governed by the laws of Canada.

When you sell inventory on credit to a distributor, make sure you protect your security interest in those goods until you're paid in full under this Purchase Money Security Agreement for BC.

• The contract attaches a purchase money security interest (PMSI) to the goods being sold, which then become collateral under the Agreement.
• The supplier (secured party) extends credit to the customer (debtor) for the purchase of the inventory, and the debtor agrees to pay the purchase amount in a series of instalment payments.
• In return for being allowed to pay over time, the debtor grants the secured party a PMSI over the goods and over the proceeds that will be realized from the goods.
• This is a downloadable legal form intended for use in the Province of British Columbia, Canada.

Use this customizable Business Loan Application for clients that are applying for loan funding for an existing or start-up business in Canada.The applicant must provide information about:

• the corporate structure and history of the business;
• the guarantors of the loan;
• the purpose of the loan and terms of repayment;
• what is being used as collateral;
• the financial status of borrower, assets, income, debts and liabilities, including copies of financial statements;
• the business experience of the owners.

You can download a copy of the Canada Business Loan Application immediately after you purchase it.

Document a loan to an individual or a company doing business in China with this fully editable Loan Agreement template.

• The borrower agrees not to use the loan proceeds for any illegal purposes. If the borrower breaches this covenant. the lender may require immediate repayment of the loan.
• Each of the parties agrees not to disclose any information revealed in connection with the Agreement except with the prior written consent of the disclosing party, unless required for compliance with the laws and regulations of PRC.
• Taxes, fees or expenses payable as a result of the loan will be borne by the party exercising its rights, unless a certain party is otherwise required by law to pay the same.
• This Chinese legal form is available in English language version only. A Chinese translation of the document will also be required for it to be legally enforceable.

Pledge shares in a Chinese company as security for a debt obligation with this template Share Pledge Agreement for China.

• The shareholder of a company pledges to a lender certain shares of stock in the company, to be held by the lender as security to ensure that the company honors its payment obligation to the lender.
• The shareholder pledges the shares and the rights attached to the shares, including the right to receive dividends.
• The shareholder will not transfer, assign, encumber or dispose of the shares without the lender's written consent.
• The shareholder will pay for all of the lender's out of pocket costs and expenses, including legal fees, taxes and stamp duty.

This Share Pledge Agreement for China is provided in MS Word format, and is fully editable to meet your needs. This is an English-language form. A Chinese language version of the document may be required.

USA lenders, prepare a Commercial Loan Commitment Letter with this fully customizable template which sets out the terms of the loan and how it is to be repaid.

• The commitment letter template includes:
  • monthly payments to be made into escrow for property taxes and hazard insurance,
  • documents and other instruments to be given by the borrower as security,
  • form and amounts of title insurance and hazard insurance required by the lender,
  • payment of closing costs by the borrower,
  • protection, preservation and maintenance of the property used as security,
  • other standard provisions.
• This is a customizable template that can be used throughout the United States.

Looking for a business loan? Prepare a Commercial Loan Proposal Letter for a lender with this easy-to-use template.

• You could use this template to source out a loan for expansion, research and development, enhancements to your product lines, or additional operating capital.
• The loan proposal letter outlines the company history and background, business operations for the past few years, the company's goals and objectives, equity and growth potential.
• A copy of the company's Business Plan should be included with your loan proposal, along with copies of the latest financial statements.

Recoup money owed to you by a debtor from a sale of assets by serving this Canada Demand for Satisfaction from Proceeds of Sale on the party selling the collateral.

• The demand is given by a secured party to another secured party who is undertaking a sale of a debtor's assets.
• The party making the demand has no security interest in the items being sold, but is owed money under a loan agreement, mortgage, etc. by the debtor whose assets are being sold.
• This legal form can be used in any Canadian province or territory.
• This form is available as a downloadable MS Word document.

Have a borrower sign over their book debts to secure the loan funding with this General Assignment of Book Debts template for Canada.

• The borrower assigns its book debts and accounts to the lender as general continuing collateral security for a commercial loan or credit facilities provided by the lender.
• The assignment gives the lender the right to collect, demand payment, sue, enforce, receive and recover the borrower's book debts.
• Available in MS Word format.
• Intended to be used only in Canada.

Before loaning money to a borrower, obtain an assignment of rental and lease income from their rental properties with this downloadable template for Canadian lenders.

• The borrower assigns to the lender the amount of all rents and leases payable by the tenants in any rental property owned by the borrower.
• The assignment is given as security for a mortgage loan or other monies being advanced to the borrower by the lender.
• The tenants will continue to pay the rent to the borrower unless and until the lender gives a written demand for it. This would only happen if the borrower defaults.
• The lender does not have any liability or obligation under the lease.
• The Assignment of Rents and Leases can be used in any Canadian province or territory except Quebec.
• Every commercial loan in Canada should include a General Assignment of Rents and Leases as part of its paperwork. Download the form today.

Secure a loan or line of credit with this General Security Agreement for Canadian lenders.

• The borrower grants the lender a security interest in all of the borrower's personal property (inventory, equipment, accounts and book debts), and all income and proceeds from that personal property.
• The General Security Agreement secures payment and performance of all of the borrower's present and future indebtedness to the lender, including the lender's costs of enforcing the Agreement.
• The borrower agrees to protect and preserve the collateral property, to keep it in good condition and repair, to pay all taxes and charges levied against it, and to keep it fully insured.
• So long as the borrower is not in breach of its obligations, the borrower retains possession of the collateral and can use it in the ordinary course of its business.
• This legal document template is intended for use only in Canada.

Extend credit to your customers and secure payment of your accounts with this customizable Inventory Security Agreement for Canadian suppliers.

• The Agreement covers the customer's purchase of inventory, parts and accessories from the supplier.
• The supplier is given a security interest over all of the customer's present and future inventory, accounts, assets and property.
• Title to all inventory supplied remains with the supplier until the customer has paid in full.
• The customer may only sell the goods in the ordinary course of its business.
• This legal contract template is downloadable and editable to fit your business needs.
• Governed by Canadian laws and intended for use only in Canada.

Prepare an Irrevocable Letter of Credit with this easy-to-use template form.

• The Letter of Credit cannot be revoked before its expiry date.
• The Letter of Credit will be honored by the issuing bank upon written demand for payment by the beneficiary.
• The beneficiary must confirm in writing that the monies being drawn down will be used to meet the customer's obligations to the beneficiary.
• The Letter of Credit template contains optional provisions depending on whether or not the letter can be transferred to a successor of the beneficiary.
• The Letter of Credit is issued subject to UCP 600, 2007 Revision.

Document a loan transaction with this Loan Agreement and Note template for UK lenders.

• The Agreement contains alternative interest clauses, for either a fixed interest rate or for an interest-free loan, depending on the terms you have agreed upon.
• The Note can be paid in whole or in part without interest or penalty, except that any partial payments must be for at least a specified minimum amount.
• The loan becomes immediately due and payable upon any default by the borrower.
• The lender has the right to demand full repayment at any time upon proper written notice.
• Available in MS Word format.
• This agreement is governed by English law and is intended to be used only in the United Kingdom.

Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.

• The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
• The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
• If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
• Available in MS Word format.
• Intended to be used only in Canada.

Under this Agreement, a lead lender (Seller) participates in one or more loans by transferring an undivided participation ownership interest in the loan to another lender (Buyer).

• The Buyer receives a percentage yield on its interest, plus a pro rata participation in any interest collected.
• The Seller is entitled to the remainder of the interest plus any default penalties, late charges, etc.
• The Seller will act as trustee with fiduciary duties to hold the participation ownership and legal title to the loans and receipts, and to make the required remittances.
• The Seller, as trustee, will retain all loan documents, mortgage notes, and related items.
• The Seller will continue to service the loans in the same manner as it services loans for its own account.
• Available as a fully editable MS Word template.
• Intended to be used only in the United States.

Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor and make sure you get repaid with this Canada Loan Security Forms Package.

The package contains the following forms:

1. General Security Agreement,
2. Unconditional Guarantee and Postponement of Claim,
3. Promissory Note to be executed by the borrower.

Don't run the risk of having a customer fail to honour its payment obligations. Get the Canada Loan Security Forms Package for your business.

Draw up a Loan Agreement for a loan transaction in Mexico with this downloadable template form.

• The loan is made in US dollars, and all payments will be made in US dollars.
• The Loan Agreement calls for monthly payments on the principal and interest.
• The borrower agrees to sign one or more promissory notes as security for repayment of the loan.
• A penalty fee calculated as a percentage of the total loan amount will be levied for any noncompliance of the terms of the Loan Agreement by the borrower.

Mississippi lenders, prepare a Collateral Assignment of Leases and Rents for execution by a corporate borrower, with this fully editable template.

• The borrower assigns to the lender all of its interest in the leases and rents payable in respect of property owned by the borrower, to secure repayment of a commercial business loan.
• The lender also has the right to collect all revenues from the leases, including parking fees, taxes and insurance contributions, and liquidated damages after default.
• The borrower indemnifies and holds the lender harmless from any liability, loss or damage.
• The borrower will not amend any lease, or terminate or accept surrender of any lease without the lender's consent.
• All rentals collected from the premises are to be applied firstly to repayment of the debt.

This Mississippi Certificate of Corporate Borrower is part of the paperwork documenting and securing a commercial loan. An officer of the corporation makes certifications regarding:

• the borrower's corporate status, its legal and valid authority to enter into the agreement,
• the financial situation of the borrower,
• the title and status of the property being mortgaged by the borrower as security for the loan,
• the presence of any hazardous substances on the property,
• the existence of any legal actions against the borrower or with respect to the property.

Use a commercial property as security for a loan with this Deed of Trust and Security Agreement for Mississippi.

• Title to the property is transferred to the lender who will act as trustee and hold the title as security for the borrower's repayment of a commercial business loan.
• If the borrower defaults in making its loan payments, the entire balance immediately becomes due and payable and the lender may foreclose on the property.
• The borrower is responsible for paying all taxes, assessments, liens and other charges against the property.
• This is a customizable legal form that is easy to use and can be re-used as often as you like.

If you make business loans in Mississippi, you need a copy of the Commercial Deed of Trust and Security Agreement. Buy and download it for your document library.

• The Agreement is between the lender, the borrower, and a tenant who has leased all or part of the mortgaged premises.
• The tenant agrees to subordinate the lease and its leasehold rights to the lender's lien in connection with the mortgage loan.
• If the lender forecloses on the property, the lender agrees not to disturb the tenant's use of the leased premises so long as the tenant is not in default under the lease.
• If the property is foreclosed and sold, the tenant agrees to attorn to the purchaser as the landlord under the lease.

Secure a commercial loan to a business with this fully editable template mortgage form for Canadian lenders.

• The mortgage will be registered against the title to property owned by the borrower, to secure repayment of a commercial loan or other credit facility.
• Interest is calculated annually and payable semi-annually. Payments are made against combined principal and interest.
• The mortgage contains additional clauses for condominium properties.
• This downloadable legal template can be used in most provinces and territories of Canada except Quebec.

Obtain a security interest in a borrower's vehicle with this Motor Vehicle Security Agreement for Canadian lenders.

• The borrower (debtor) grants the lender (secured party) a security interest in the borrower's motor vehicle, to induce the lender to give credit to the borrower.
• The borrower will carry fire, theft, collision and comprehensive insurance on the vehicle, and pay all taxes, liens and charges against the vehicle.
• The borrower is not allowed to sell or encumber title to the vehicle as long as the Agreement is in effect.
• This template can be used in any province or territory of Canada except Quebec.
• The legal form template is downloadable and fully editable.

USA lenders, serve a debtor with this Notice of Intention to Sell Property before the sale, in accordance with applicable laws in your State.

• The property was pledged as collateral security for a loan from the lender to the debtor.
• The lender (secured party) prepares and serves the Notice to advise the debtor that the property will be sold either through private sale or at public auction, to cover all or part of the outstanding debt, following default by the debtor in making payment.
• The form includes a Certificate of Service, to record how the Notice was served on the debtor.
• This Notice form is available as a MS Word template document which is downloadable and easy to use.
• The form can be used in States that do not have a statutory form.

Give notice of your security interest in a debtor's collateral with this Notice of Interest in Collateral template for Canadian lenders.

• The Notice must be given by a lender or other secured party to any other person or firm which has a security interest in the same collateral.
• This form can be used in any province or territory of Canada which has a Personal Property Security Act.
• Available in MS Word format.

Give notice of a purchase money security interest in inventory with this template form for Canadian businesses.

• The Notice is given by a supplier to other creditors of a customer to whom the supplier has sold inventory on credit, using the goods as collateral.
• The Notice should be sent to any creditor who also has a security interest in the customer's inventory.
• The supplier notifies the other creditors that its security interest may take priority over theirs.
• This Notice form is available in MS Word format.
• Intended for use only in Canada, pursuant to Personal Property Security Act legislation.

Prepare a Notice of Right to Rescission for your customers with this template form for the United States.

• This notice is required by law to be given to a customer in relation to a loan, lease, purchase or other transaction which could result in a lien or security interest being placed on the customer's home.
• The notice sets out the customer's right to cancel (rescind) the contract within three business days of the transaction date, and details the procedure for canceling.
• This is a reusable legal form. Pay for the document once, download it, then use it as often as you require.
• Intended to be used only within the United States.

Prepare a Notice of Transfer of Collateral by Debtor with this template form for Canadian loan transactions.

• This form of notice is given by a debtor (borrower) to a secured party (lender), that the debtor has transferred or intends to transfer certain collateral over which the lender holds a security interest.
• This Notice form is available in MS Word format.
• Intended for use only in Canada, pursuant to Personal Property Security Act legislation.

Prepare a Notice to Account Debtor of Default of Principal Debtor with this template form for Canadian lenders.

• The notice is given by a lender to an account debtor (a party who owes money to a borrower) that the borrower has defaulted in paying its indebtedness to the lender.
• The notice instructs the account debtor to repay the money it owes the borrower to the lender instead.
• This Notice form is available in MS Word format.
• Intended for use only in Canada.

Prepare a Chattel Mortgage for a loan transaction in Nova Scotia with this downloadable template.

• The Chattel Mortgage is being granted by a borrower to a lender as security for a loan.
• The borrower will retain possession of the chattels and will pay all expenses related thereto, including taxes, repair costs, license fees, etc.
• The promissory note is included with the mortgage form.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Prepare a Collateral Mortgage and Promissory Note for Nova Scotia with this downloadable template.

• The borrower (mortgagor) will continue to hold the land and is responsible for paying all taxes, rates and assessments levied against the land.
• The borrower is responsible for insuring the buildings on the land for full insurable value.
• If the borrower defaults, the lender has the right to appoint a receiver of the property.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Assign your interest in a debt and its underlying security with this Assignment of Debt and Security form for the Province of Ontario.

• The assignor (creditor) holds a security interest over the property and assets of a debtor as security for a loan.
• The assignor assigns and transfers the security interest to another party who is purchasing all of the assignor's interest in the debt and the security.
• This type of assignment is often part of a sale of a business that extends credit to its customers.

The Ontario Assignment of Debt and Security is available as a downloadable and fully editable MS Word document.

This General Assignment of Rents template is for lenders in Ontario to obtain additional security for the repayment of a borrower's debt.

• Under the Assignment a corporate borrower (debtor) assigns to the lender all rents, income and revenue from a mortgaged property, as security for a loan or line of credit being advanced to the borrower by the lender.
• The borrower agrees not to accept prepayment of the rents or to further assign or encumber the rents or the leases.
• The borrower may continue to receive the rents unless it is in default under the Assignment. In that event, the rents must be paid to the lender.
• The lender has the right to enter the property and collect the rent, enforce the lease or maintain the property.

If you lend money or extend credit facilities in Ontario, you should have a copy of the General Assignment of Rents as part of your documentation package.

Ontario lenders, prepare a General Security Agreement with this comprehensive template form.

• The borrower grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts and book debts, and all proceeds therefrom.
• The interest is being granted to the lender as security for loan financing, operating lines, or other credit facilities advanced by the lender to the borrower.
• The Security Agreement is governed by the Ontario Personal Property Security Act.
• This document is available as a fully editable MS Word template form.

Prepare a Loan Agreement for a non-revolving loan for bridge financing with this downloadable template for Ontario.

• This type of loan agreement is typically used for construction projects.
• Advances will be made as and when needed, up to a maximum amount.
• Interest will be calculated daily based on the principal balance outstanding, not compounded.
• Principal may be repaid at any time with no prepayment penalty.
• All outstanding principal and interest becomes due upon completion of the project.
• This legal contract template is available as a downloadable and fully editable MS Word template.
• Intended for use only in the Province of Ontario, Canada.

Use this ready-made template to draw up a Loan Agreement for a non-revolving term loan with royalty payments.

• This is an Ontario legal document.
• The loan is a non-revolving term loan, to be advanced in a single payment.
• The loan bears no interest until default. Instead of interest, the borrower will pay a percentage of its net revenues to the lender as a royalty (exclusive of loan advances).
• All payments are applied to interest first.

Protect your creditor rights with this Purchase Money Security Agreement for Ontario suppliers.

• The contract is made pursuant to provincial Personal Property Security Act legislation.
• The parties to the Agreement are a customer (debtor) and a supplier (secured party).
• The supplier extends credit to the debtor for the purchase of goods under a specific purchase order.
• In return for the credit, the debtor grants the supplier a first, fixed, specific purchase money security interest in the goods and in the proceeds therefrom.
• This legal contract form is a fully editable Microsoft Word template.
• Intended for use only in the Province of Ontario, Canada.

Provide revolving credit facilities to a corporate borrower with this Revolving Credit Agreement for Ontario lenders.

• The Agreement allows the borrower to borrow and reborrow funds up to a stated maximum amount.
• The purpose of the credit facility is to finance the borrower's general operations, and the borrower agrees not to use the funds for any other purpose.
• The borrower grants the lender a first priority security interest over all of the borrower's personal property, and a guarantee and postponement of claim from a principal of the borrower, as security for repayment.
• Representations and warranties from both the borrower and the guarantor, including environmental warranties.
• The guarantor must maintain a specified ratio of current assets to current liabilities, and of total liabilities to tangible net worth.
• The total amount due may be repaid without penalty at any time.
• This legal document is intended for use in the Province of Ontario, Canada.

Obtain a pledge of securities from a borrower under this Share Pledge Agreement, pursuant to the provisions of the Ontario Personal Property Security Act.

• A borrower pledges shares of stock to a lender, to be held as security for a loan that the lender is making to the borrower.
• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
• The borrower retains the right to vote the shares.
• The agreement contains a limitation on personal liability clause with respect to the borrower's responsibility for any deficiency owing after disposition of the shares.
• This form is a fully customizable legal template that you can use as often as you need to.
• Intended for use only in the Province of Ontario, Canada.

Prepare a Share Pledge Agreement with No Recourse with this template form, pursuant to the provisions of the Ontario Personal Property Security Act.

• A shareholder pledges shares of stock to a lender, to be held as security for a loan that the lender is making to a borrower that is a related party to the shareholder.
• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
• The borrower retains the right to vote the shares.
• The shareholder has no liability for any shortfall between the balance of the debt owing and any proceeds realized from dealing with the shares, and the lender has no recourse against the shareholder for such shortfall.
• The shareholder is not a guarantor, surety or indemnifier.
• This legal form template is available in MS Word format.
• Intended for use in the Province of Ontario, Canada.

Subordinate the security interest of an existing lender to a new lender under the terms of this Postponement Agreement for Canadian provinces with PPSA legislation.

• The parties to the Agreement are (i) a borrower, (ii) the borrower's new lender, and (iii) a previous lender who is still owed money by the borrower.
• The first lender agrees to postpone its security to the new lender's security, notwithstanding that the previous lender is a secured creditor.
• The purpose of the Agreement is to induce the new lender to provide the borrower with loan financing, a line of credit, or other type of borrowing arrangement.
• This legal contract is available in MS Word format and is easy to download and use.
• The Postponement Agreement can be used in any province or territory in Canada which has a Personal Property Security Act.

Prepare a Priorities Agreement between a debtor and two lenders with this ready-made template.

• The lenders are both secured parties under loan agreements or credit arrangements with the debtor. The Agreement sets out the priority of the lenders' security positions.
• Each of the lenders agrees that its security will rank equally in priority, notwithstanding the date of execution or registration, or other factors.
• Any default by the debtor will be deemed to be a default under security held by each of the lenders.
• This is a generic legal contract which does not specifically reference the laws of any country, state or province.
• The Priorities Agreement Between Two Lenders is in MS Word format and is easy to download and use.

USA lenders, use this easy template form to prepare a Promissory Note Secured by Real Estate.

• The Note allows the borrower to pay the principal and interest in monthly payments until paid.
• The total loan amount can be prepaid at any time without penalty.
• The Note is secured by a Deed of Trust on real estate property owned by the borrower.
• The form is fully editable and is easy to download, fill in and print.
• Available in MS Word format.
• Intended to be used only in the United States.

If you are loaning money to a person or company in the UK, secure repayment of the loan with this Promissory Note and Guarantee.

• The borrower agrees to repay the loan with interest calculated monthly on the unpaid balance.
• The borrower may prepay the balance at any time without penalty.
• The Note includes a guarantee of payment of the Note by a guarantor.
• Available in MS Word format.
• Intended to be used only in the United Kingdom.

Renounce your interest in a fixture which a corporate debtor has used as collateral for a loan or credit facility with this Renunciation of Interest in Fixture form for Canadian lenders.

• This form of notice is given by a secured party to give up its security interest in a defaulting debtor's fixture after the outstanding debt has been paid by another party who also has an interest in the fixture (such as a landlord).
• This form can be used in any Canadian province or territory.
• The form is a downloadable Microsoft Word document.

Renounce your rights in assets you used as collateral for a loan with this Renunciation of Rights in Collateral form, for use in Canada.

• The Notice is given by a defaulting debtor to the lender who has a security interest in the assets..
• The debtor renounces all rights it has in the collateral, and turns the collateral over to the lender, as secured party.
• This form can be used in any Canadian province or territory.
• The Canada Renunciation of Rights in Collateral template is a downloadable Microsoft Word document.

Provide revolving credit facilities to a corporate borrower under the terms of this Revolving Loan Agreement.

• This is a digital template for lenders in the United States.
• The Loan Agreement allows the borrower to borrow and reborrow funds up to a specified maximum amount.
• The borrower grants the lender a security interest in all of the borrower's assets and proceeds.
• Interest is computed daily and is payable monthly on the last day of the month.
• The loan may be paid out in whole or in part at any time without penalty.
• Available as a downloadable and fully editable MS Word document.

UK lenders, prepare a Security Agreement for a borrower to sign by using this downloadable and easy-to-use template.

• The borrower grants the lender a security interest in all of the borrower's present and after-acquired property to secure repayment of a loan, operating line, or other credit facilities advanced by the lender to the borrower.
• The collateral is to be kept at the borrower's address within the United Kingdom and not moved or relocated without the lender's consent.
• The borrower must keep the collateral insured, and the lender is to be a named beneficiary on the insurance policy.
• The agreement is in default if there is any material decrease in the value of the security or an adverse change in the borrower's financial situation.
• Available in MS Word format.
• Governed by English law and intended to be used only in the United Kingdom.

Every commercial loan transaction should require the borrower to sign a Security Agreement. Use this customizable downloadable template.

• This form is only for use in the United States.
• The borrower (debtor) grants the lender (secured party) a security interest in certain property of the borrower, as collateral to secure repayment of the borrower's indebtedness under a promissory note.
• The parties intend the agreement to be a security agreement under the Uniform Commercial Code.
• The secured party has the right to take whatever action it considers necessary to protect its security interest.
• All amounts secured by the agreement become immediately due and payable if the borrower files for bankruptcy or becomes insolvent.
• The debtor waives any statute of limitations with respect to enforcement of the secured party's lien.

No lender should be without a standard form Security Agreement. If you don't have one yet, download your copy now.

Set off a debt between a company and one of its shareholders with this easy Setoff Agreement template.

• The company and the shareholder are each in debt to the other.
• Each of the parties agrees to cancel their debt by setting off the debts one against the other.
• The Setoff Agreement for Mutual Debts template is provided in MS Word format and is fully editable.
• This is a generic form which can be used in many jurisdictions.

Under the terms of this Share Pledge Agreement for Canadian lenders, a borrower pledges shares to the lender as security for the loan.

• The lender will keep possession of the shares until the loan is repaid.
• The lender has the right to vote the shares and to receive any benefit (such as dividends) from the shares while the shares are being held as security.
• This legal form can be used in any Canadian province or territory.

Download the Canada Share Pledge Agreement (Loan Security) for your loans department.

Land developers, get an extension of time to repay a mortgage loan on your development properties by inducing the lender to sign this Standstill Agreement for outstanding loan obligations.

• The lender agrees to stand still on recovering repayment of the borrower's mortgage for the time being, in return for which the borrower agrees to provide the lender further security for its indebtedness, including a foreclosure order on development properties on which the lender holds the mortgage.
• The borrower agrees to assign to the lender the proceeds from the sale of lots in the development.
• Each payment made by the borrower will entitle the borrower to an extension of thirty days to repay the indebtedness (to a maximum of 2 extensions).
• The status of the financing and the borrower's financial situation will be reviewed monthly by the lender.
• This is a generic legal document which is not specific to any country or region.
• This form is provided in MS Word format and is fully editable to fit your circumstances.

Get an existing creditor to allow a new lender's security to take priority under this short-form Subordination Agreement.

• The secured creditor agrees to subordinate its security interest in a borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's security interest.
• The Agreement is being signed as an inducement for the new lender to provide loan financing or credit facilities to the borrower.
• This is a generic legal form which can be used in many countries.
• Available as a downloadable MS Word document.

Prepare a Subordination Agreement between two lenders with this long form template.

• The purpose of the Subordination Agreement (also called a Postponement Agreement) is to induce a new lender to extend a loan to a borrower.
• One lender (postponing creditor) agrees to subordinate and postpone its security interest under a loan agreement or similar instrument to the interest of a second lender (senior creditor) until the indebtedness owing to the senior creditor has been satisfied.
• If the borrower's assets are distributed among its creditors, the indebtedness owing to the senior creditor would be paid out first, before distribution to any other creditors.
• If the borrower is not in default under its obligations to the senior creditor, it may continue to make payments to the postponing creditor in accordance with the terms of the agreement.
• If the borrower is in default under its obligations to the senior creditor, no payments on the subordinated indebtedness shall be made by the borrower. If the postponing creditor receives any such payments, it must pay them over to the senior creditor.
• This generic Subordination Agreement is provided in MS Word and is fully editable to meet your needs.

This simple short-form Subordination Agreement can be used by lenders anywhere in the United Kingdom.

• The Agreement is between two creditors who have both provided lending or credit facilities to the debtor.
• The second creditor agrees to subordinate its claims against the debtor to the claims of the first creditor.
• The subordination covers the whole amount of the creditor's secured and unsecured claims, and is for an unlimited duration.
• This form is provided in MS Word format. It is customisable and easy to use.
• Intended to be used only in the United Kingdom.

Write up a Term Loan Agreement for a borrower using this downloadable template form.

• This customizable legal template is governed by the laws of the United States.
• The borrower has the option to pay all or part of the term loan on any interest payment date, without premium or penalty, provided that a specified minimum prepayment amount is paid.
• The borrower has the option of selecting an interest period of more than one month's duration (up to but not including the next interest payment date).
• If the borrower fails to properly notify the lender, the interest period will automatically be set at one month's duration.
• The borrower may elect to have more than one interest period outstanding at any one time, provided that no interest period extends beyond the maturity date.
• Available in MS Word format.
• Governed by U.S. laws and intended to be used within the United States.

Transfer a debt obligation from one debtor to another with this Agreement to Assume Debt form for the UK.

• The new debtor agrees to assume the debt from the current debtor and to pay the debt to the creditor on the terms set out in the contract.
• If the new debtor defaults in payment, the creditor will have full rights to bring action jointly and severally against both debtors for payment of the outstanding balance.
• The form is governed by English law and can be used throughout the United Kingdom.

An Agreement to Assume Debt is often used when a business is being sold or taken over. Buy and download the form, customise it to suit your needs.

If a customer owes you money and you are willing to accept payment of a lesser sum in order to settle the debt, you can sign this Agreement to Compromise Debt with the customer.

• The creditor agrees to accept the lesser sum from the debtor as payment in full.
• The agreement is conditioned upon the provision that the sum must be paid within a specified time period.
• If the customer fails to do so, the creditor will have the right to sue the debtor for the full amount of the debt.
• The agreement is governed by English law and can be used throughout the United Kingdom.

If your business extends credit to customers, you should have a copy of the UK Agreement to Compromise Debt. Download yours now.

Prepare an Assignment of Rents and Repurchase Agreement as security for a loan with this easy-to-use template form for the United States.

• The borrower (assignor) assigns to the lender the rents due under a lease on a property owned by the borrower, to secure repayment of a loan advanced from the lender.
• The borrower guarantees payment under the terms of the lease, and on default by the tenant, agrees to repurchase the rights assigned to the lender by paying the total unpaid balance of rental payments.
• Buy the form once, use as often as required.

Any commercial loan transaction which uses business property as security should require an Environmental Indemnity from the borrower, like this template for lenders in the USA.

• The indemnity specifically covers the real property which the borrower is mortgaging as security for repayment of the loan.
• The borrower indemnifies the lender against any claims for environmental contamination of or damage to the property or from any violation of federal, state or local environmental regulations.
• The liability of the borrower as indemnitor will survive the repayment of the loan in perpetuity.
• The form can be used anywhere in the United States.

Protect against expensive and onerous legal claims. Download the Environmental Indemnity Agreement for your loans officers.

This USA Interim Loan Servicing Agreement is a contract for temporary servicing of mortgage loans during a sale transaction.

• The loan servicer will temporarily service the mortgage loans until the loans have been transferred to the purchaser.
• The loan servicer acts as an independent contractor on behalf of the purchaser, and will transfer all records and accounts to the purchaser upon termination of the Agreement.
• The loan servicing activities include collection and remittance of mortgage payments, maintenance of records, reports to the purchaser, maintenance of related escrow accounts, payment of taxes and insurance.
• The loan servicer will proceed with collection and/or foreclosure proceedings in the event of default in payment of the mortgage loan.
• All collections, remittances, payments, and record keeping will be done in full compliance with applicable local, state and federal laws.

To download the USA Interim Loan Servicing Agreement, add it to your shopping cart and check out using one of our available payment methods.

USA lenders who require additional collateral security can have their customers sign this Pledge of Security form as part of the loan documentation package.

• The borrower agrees to pledge personal property for the lender to hold as collateral security to ensure repayment of a loan under a promissory note.
• If the borrower defaults in payment, the lender has all the rights and remedies of a secured party under the Uniform Commercial Code, and has the right to sell, lease or dispose of the property as it sees fit.
• Once you have purchased the form, you can customize it for your business and use it over and over. There are no additional licensing or restocking fees.

If you lend money, you should have this Pledge of Security form on hand for your loans officers. Purchase, download, fill in, print and get a signature - it's easy.

Obtain a pledge of shares of stock as security for a loan - have the borrower sign this downloadable form which can be used anywhere in the United States.

• The shares will be held by the lender as security for repayment of a promissory note.
• The lender has the authority to direct the company who issued the shares to transfer ownership on the books of the company into the lender's name.
• The lender agrees not to sell or encumber the shares, or collect dividends on them.
• The borrower will continue to vote the shares as long as he/she is not in default under the Note.
• Once the debt is repaid, the shares will be transferred back to the borrower.