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Document Id : 1064
File Type : Microsoft Word
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Ontario Loan Agreement for Non-Revolving Term Loan with Royalty Payments
Prepare a Loan Agreement for a non-revolving term loan with royalty payments with this template form for Ontario.
- The loan is a non-revolving term loan, to be advanced in a single payment.
- The loan bears no interest until default; instead 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.
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