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Document Id : 7669
File Type : Microsoft Word
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USA Revolving Loan Agreement
USA lenders, provide revolving credit facilities to a corporate borrower with this Revolving Loan Agreement.
- The Loan Agreement allows the borrower to borrow and reborrow funds up to a stated 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.
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