General Security Agreement | Canada
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.
Loan and Charging Agreement | Canada
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.
Acknowledgment of Payment of Promissory Note | Canada
This Acknowledgement of Payment form confirms that a promissory note has been paid in full.
- This form should be signed by the lender when the full amount of the loan has been paid.
- Available as a free downloadable MS Word document.
- This form is intended for use in Canada.
Canada Demand Note with Floating Interest Rate
Document a loan and protect your rights as a creditor in Canada with this easy-to-use Demand Promissory Note form which provides for floating interest rate.
- Interest is calculated based on the current prime lending rate of the lender's bank.
- The loan can be prepaid at any time without penalty or premium.
- The form can be easily filled in and printed for signature. Use it as many times as you like.
- This a Canadian legal form template that can be used in any part of the country. A French language version may be required for the Province of Quebec.
To get the Demand Note form, add it to your cart and go through the checkout. Once the transaction is processed, you'll be automatically directed to the download page to get your form.
Promissory Note with Monthly Payments, No Penalty | Canada
A Promissory Note is an essential tool for ensuring that money lent is repaid according to clear, legally binding terms.
This Canadian Promissory Note form is suitable for use anywhere in Canada and is designed to provide both lender and borrower with peace of mind regarding repayment details.
Legal Applicability
This form is recognized as a legal document throughout Canada. It is important to note that Quebec law may require a French language version of the Promissory Note to comply with local regulations.
Repayment Terms
Under the terms of this Promissory Note, the borrower commits to repaying the debt through equal monthly payments. Each payment consists of both principal and interest, ensuring that the debt is steadily reduced over time. The full balance of the loan is due on the maturity date, which is specified within the Note.
Prepayment Option
The borrower has the right to prepay the outstanding balance of the loan at any time. There are no penalties or fees for early repayment; the borrower may pay off the loan in part or in full before the maturity date without incurring any additional charges.
Document Format
This Promissory Note is available in Microsoft Word format, allowing users to easily edit and reuse the form for multiple transactions as needed.
Promissory Note for Interest Only | Canada
Purpose of Promissory Note for Interest Only
This Promissory Note template is designed to help secure the repayment of a loan made within Canada. It provides a clear framework for both lenders and borrowers regarding the repayment terms and expectations.
Interest-Only Payment Terms
Under this Note, the borrower is required to make payments that cover only the accrued interest on the loan. No payments toward the principal amount are necessary until the specific date outlined in the Note. This allows the borrower to manage cash flow by deferring principal repayments until a later time.
Schedule of Interest Payments
Interest payments are to be made in arrears, following a regular payment schedule as defined in the terms of the Note. This ensures that the lender receives compensation for the use of their funds over the period of the loan.
Principal Repayment and Prepayment
The principal sum of the loan may be repaid at any time chosen by the borrower, without incurring any penalty or additional fee. This flexibility benefits the borrower, allowing for early repayment if desired.
Format and Availability
This template is provided in Microsoft Word format, making it easy to edit and customize to suit the specific details of your transaction. Users are encouraged to modify the document as necessary to reflect the terms agreed upon by both parties.
Jurisdiction
This Promissory Note is intended exclusively for use in Canada.
Annual Corporate Resolutions | Canada
Prepare the Annual Resolutions of the shareholders and directors of a Canadian business corporation with this package of forms.
- In small privately held corporations, it is common to pass Resolutions instead of holding a formal annual meeting, to deal with all the business that must be covered in the corporation's annual meeting.
- This package is a convenient time-saver for corporate lawyers and paralegals. It contains the following template forms:
- Resolution of the directors appointing the corporate officers and approving the financial statements.
- Resolution of the voting shareholders approving the financials and electing the directors.
- Resolution of all of the shareholders appointing auditors or waiving the audit requirement.
- Cover letter to be sent by a law firm to its corporate clients, enclosing the forms and giving instructions to the client.
- This package of Canada Annual Resolutions Forms can be used for federal companies and in Alberta, British Columbia, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and Northwest Territories. French language translation required for Quebec.
Loan and Charging Agreement | Canada
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.
Directors Resolution to Change Registered Office | Canada
The directors of a Canadian corporation can change its registered office by passing this Directors Resolution.
- The corporation's Board of Directors resolves to change the registered office from its current location to a new location.
- The corporate secretary is authorized to file the appropriate form of Notice with the applicable registry.
- The template can be used by any Canadian corporation formed under a Business Corporations Act, either federally or provincially. English version not valid in Quebec.
- Available as a fully editable download in MS Word format.
- Intended to be used only within Canada.
