USA Term Loan Agreement

USA lenders, prepare a Term Loan Agreement for a borrower with this ready-made template.

• Prepayment. 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.
• Interest Period. 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), however, if the borrower fails to properly notify the lender, the interest period will automatically be set at one month's duration.
• Outstanding Interest. 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.

This USA Term Loan Agreement template is available in MS Word format, and is fully editable to meet your needs.