Priorities Agreement Between Two Lenders

Provide revolving credit facilities to a corporate borrower under the terms of this Revolving Loan Agreement.

• This is a digital template for lenders in the United States.
• The Loan Agreement allows the borrower to borrow and reborrow funds up to a specified 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.
• Available as a downloadable and fully editable MS Word document.

THIS FORM IS NO LONGER AVAILABLE.

Use this template Collateral Mortgage and Promissory Note for credit facilities in Alberta.

• A collateral mortgage can be used to secure a line of credit, a revolving loan, or other credit facility where the balance owing changes from time to time.
• The borrower is responsible for insuring, repairing, and maintaining the mortgaged property and for paying all taxes and assessments.
• The lender is appointed as the borrower's attorney (agent) for the purpose of recovering any insurance proceeds with respect to the property.
• The lender has power of attorney to sell, lease or encumber the property if the borrower defaults in its obligations.
• The full balance owing is immediately payable if the borrower sells the property or, if the borrower is a corporation, there is a change in control.
• This is a downloadable legal template in MS Word format.
• Intended for use in the Province of Alberta, Canada.

Secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement for Canadian lenders.

• The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
• The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
• The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a demand in writing to the tenants to pay the rents to the assignee.
• The agreement stays in effective until all of the monies due under the mortgage have been paid in full.
• An Assignment of Rents Agreement is a good means of obtaining additional security for performance under a loan agreement. You can download it immediately following purchase.
• This form is governed by the laws of 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.