Ontario Loan Agreement for Non-Revolving Term Loan with Royalty Payments
Use this ready-made template to draw up a Loan Agreement for a non-revolving term loan with royalty payments.
- This is an Ontario legal document.
- The loan is a non-revolving term loan, to be advanced in a single payment.
- The loan bears no interest until default. Instead of interest, 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.
Last Updated: 05-October-2021