Prepayment Agreement Sample
agreement or instrument that binds for them or for one of its assets. After approval of the balance due, the terms of the payment plan should be defined in a simple agreement. Often, there is no guarantee that is mortgaged with the debtor`s incentive to pay either interest-free payments or an updated overall balance. The seller must pay the buyer, within thirty (30) days of the execution of this contract, an intermediation fee equal to 1% of the advance limit plus the financing commission. This fee must be paid, whether the advance is or not, and will not be reimbursed under any circumstances. “pre-financing,” the prepayment paid by the purchaser in accordance with this agreement for an amount not exceeding the limit of the advance; There may be deposits where the borrower is not able to pay on time. If that happens, the agreement should provide information on what to do. As a lender, you can ask the borrower to pay a penalty for late payments. Otherwise, you can also set a process for late payments. You can either give extra time or immediately request a penalty if the payment arrives too late.
as soon as they are available and, in any event, within 60 days of the end of each quarter of the fiscal year, their cash flow report (including production, sales and export figures, inventories, profit and loss accounts, updates to financing agreement payments) for the previous quarter; “oil contracts,” the oil contracts between Albetrol ShA and the seller on 8 August 2007; copies of the seller`s existing loan agreements, including the credit facility. In view of the agreement under which the beneficiary has entered into certain advance agreements for crude oil transactions (the “transactions”) at STREAM OIL – GAS LTD, Albania, branch in Albania, a company which, according to the laws of the Cayman Islands, is established with a registered branch in the Republic of Albania, headquartered in Dega ne Shqiperi e Stream Oil – Gas Ltd. , NIPT K7205016P, Rr. Ismail Qaliali Samos Tower, Kati 5 , Tirana, Albania (the “counterpart”), the surety irrevocably and unconditionally guarantees that the surety pays all the funds and assumes all debts against the beneficiary or returned to the beneficiary in accordance with the transactions, within five (5) working days following a written request. When it comes to money, it`s always a smart tactic to be especially careful. No matter how well you know the person you are lending money to, take steps to ensure that you are protected. The drafting of this document is essential, especially when your agreement disintegrates. the enforcement agreement (in a form acceptable to the buyer) in which the bank waives, among other things, certain clearing rights under the credit facility; This agreement represents the whole agreement between the parties on its purpose and all previous agreements, agreements and negotiations on this subject no longer have any effect. A payment agreement document is an important document that describes all the terms of a loan. Information such as payment times, amounts and interest rates are essential for the loan contract.