Loan Transaction Forms

UK lenders, prepare a Security Agreement for a borrower to sign by using this downloadable and easy-to-use template.

• The borrower grants the lender a security interest in all of the borrower's present and after-acquired property to secure repayment of a loan, operating line, or other credit facilities advanced by the lender to the borrower.
• The collateral is to be kept at the borrower's address within the United Kingdom and not moved or relocated without the lender's consent.
• The borrower must keep the collateral insured, and the lender is to be a named beneficiary on the insurance policy.
• The agreement is in default if there is any material decrease in the value of the security or an adverse change in the borrower's financial situation.
• Available in MS Word format.
• Governed by English law and intended to be used only in the United Kingdom.

Every commercial loan transaction should require the borrower to sign a Security Agreement. Use this customizable downloadable template.

• This form is only for use in the United States.
• The borrower (debtor) grants the lender (secured party) a security interest in certain property of the borrower, as collateral to secure repayment of the borrower's indebtedness under a promissory note.
• The parties intend the agreement to be a security agreement under the Uniform Commercial Code.
• The secured party has the right to take whatever action it considers necessary to protect its security interest.
• All amounts secured by the agreement become immediately due and payable if the borrower files for bankruptcy or becomes insolvent.
• The debtor waives any statute of limitations with respect to enforcement of the secured party's lien.

No lender should be without a standard form Security Agreement. If you don't have one yet, download your copy now.

Set off a debt between a company and one of its shareholders with this easy Setoff Agreement template.

• The company and the shareholder are each in debt to the other.
• Each of the parties agrees to cancel their debt by setting off the debts one against the other.
• The Setoff Agreement for Mutual Debts template is provided in MS Word format and is fully editable.
• This is a generic form which can be used in many jurisdictions.

Under the terms of this Share Pledge Agreement for Canadian lenders, a borrower pledges shares to the lender as security for the loan.

• The lender will keep possession of the shares until the loan is repaid.
• The lender has the right to vote the shares and to receive any benefit (such as dividends) from the shares while the shares are being held as security.
• This legal form can be used in any Canadian province or territory.
• Download the Canada Share Pledge Agreement (Loan Security) for your loans department.

Land developers, get an extension of time to repay a mortgage loan on your development properties by inducing the lender to sign this Standstill Agreement.

• The lender agrees to stand still on recovering repayment of the borrower's mortgage for the time being, in return for which the borrower agrees to provide the lender further security for its indebtedness, including a foreclosure order on development properties on which the lender holds the mortgage.
• The borrower agrees to assign to the lender the proceeds from the sale of lots in the development.
• Each payment made by the borrower will entitle the borrower to an extension of thirty days to repay the indebtedness (to a maximum of 2 extensions).
• The status of the financing and the borrower's financial situation will be reviewed monthly by the lender.
• This is a generic legal document which is not specific to any country or region.
• This form is provided in MS Word format and is fully editable to fit your circumstances.

Get an existing creditor to allow a new lender's security to take priority under this short-form Subordination Agreement.

• The secured creditor agrees to subordinate its security interest in a borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's security interest.
• The Agreement is being signed as an inducement for the new lender to provide loan financing or credit facilities to the borrower.
• This is a generic legal form which can be used in many countries.
• Available as a downloadable MS Word document.

Prepare a Subordination Agreement between two lenders with this long form template.

• The purpose of the Subordination Agreement (also called a Postponement Agreement) is to induce a new lender to extend a loan to a borrower.
• One lender (postponing creditor) agrees to subordinate and postpone its security interest under a loan agreement or similar instrument to the interest of a second lender (senior creditor) until the indebtedness owing to the senior creditor has been satisfied.
• If the borrower's assets are distributed among its creditors, the indebtedness owing to the senior creditor would be paid out first, before distribution to any other creditors.
• If the borrower is not in default under its obligations to the senior creditor, it may continue to make payments to the postponing creditor in accordance with the terms of the agreement.
• If the borrower is in default under its obligations to the senior creditor, no payments on the subordinated indebtedness shall be made by the borrower. If the postponing creditor receives any such payments, it must pay them over to the senior creditor.
• This generic Subordination Agreement is provided in MS Word and is fully editable to meet your needs.

This simple short-form Subordination Agreement can be used by lenders anywhere in the United Kingdom.

• The Agreement is between two creditors who have both provided lending or credit facilities to the debtor.
• The second creditor agrees to subordinate its claims against the debtor to the claims of the first creditor.
• The subordination covers the whole amount of the creditor's secured and unsecured claims, and is for an unlimited duration.
• This form is provided in MS Word format. It is customisable and easy to use.
• Intended to be used only in the United Kingdom.

Write up a Term Loan Agreement for a borrower using this downloadable template form.

• This customizable legal template is governed by the laws of the United States.
• 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.
• 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).
• If the borrower fails to properly notify the lender, the interest period will automatically be set at one month's duration.
• 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.
• Available in MS Word format.
• Governed by U.S. laws and intended to be used within the United States.

Transfer a debt obligation from one debtor to another with this Agreement to Assume Debt form for the UK.

• The new debtor agrees to assume the debt from the current debtor and to pay the debt to the creditor on the terms set out in the contract.
• If the new debtor defaults in payment, the creditor will have full rights to bring action jointly and severally against both debtors for payment of the outstanding balance.
• The form is governed by English law and can be used throughout the United Kingdom.

An Agreement to Assume Debt is often used when a business is being sold or taken over. Buy and download the form, customise it to suit your needs.