Loan Agreement Sample Form

Place: Date:
LoanAgreement
1.PartiesoftheAgreement
1.1. "Thelender"‐JSCMicrofinanceOrganizationCrystal;registrationnumber:212896570;legaladdress:72Tamar
MepeStr.,Kutaisi,4600Georgia
1.2. "TheBorrower"
"Thelender"and"TheBorrower"actingundertheCountrylegislationandtherightsunderthecharterofthelender,
haveagreedonthefollowing:
2.SubjectoftheAgreement
2.1. OnthebasisofthetermsspecifiedinthisAgreement,theLenderisprovidingtheBorrowerwiththeloan
2.2. LenderandBorrowertakeresponsibilitytofulfillcommitmentstowardseachotherfullyandinaduetime
3.GeneralTermsandConditionsoftheLoan
3.1.VolumeandcurrencyoftheLoan
3.2.MaturityoftheLoan(#ofmonth)
3.3.Graceperiod
3.4.Interestrate
3.5.Commission(Origination)fee
3.6.Penaltyforthelatepayment
3.7.Penaltyforprepayment
3.8.Purposeoftheloan
3.9.LoanProvision/Collateral
3.10.Additionalconditions
3.10.1 The Borrower should use the loan only according to the information/purpose given in the loan application.
OtherwisesuchactivitywillbedeemedasmisuseoftheloanandmayresultinterminationoftheAgreement.
3.10.2.Loanrepaymentiscarriedoutinaccordancewiththeattachedrepaymentschedule,whichisanintegralpart
ofthisagreement.
3.10.3.IncaseiffinancialpositionoftheBorrowerdeterioratesorthereissuchpotentialhazard,theborrowershould
presentadditionalprovisioning/guaranteesthatwillbedeemedbythelenderassatisfactory.
3.10.4. The order of the loan repayment is as follows: first penalty is covered (in case if such liability exists); then
accumulatedinterest;andfinallyprincipaloftheloan.
3.10.5.Incaseofloandisbursementinseveraltranches,interestisaccumulatedbasedontheactualloanbalance.As
agreedbetweentheparties,properuseofthefirsttrancherepresentsanobligationfordisbursingremainingpartof
theloan.Incaseofviolatingthispoint,theLenderhasrighttosuspendtheremainingpartofthetrancheandrequire
immediaterepaymentofthedisbursedamount.
3.10.6.Penaltyfeeonlatepaymentwillbechargedformaximum90days.
3.10.7.TheLenderkeepsrighttoretaincommissionfeefromtheoriginalloanamount.
3.10.8.Incaseofrefinancing,ifmorethan40%oftheloanprincipaliscovered,theLenderkeepsitsrighttofreethe
borrowerfrompenaltychargesforearlyprepayment.
4.Reporting
4.1. Upon request of the Lender, Borrower should present financial and legal documentation, reflecting current
activityandfinancialstatus:invoices,customsdeclarations,agreementswithsuppliersandclients,licensesand
certificates,balancesheetandetc.
5.RightsandResponsibilitiesoftheParties
5.1. The parties are required to duly execute all the responsibilities undertaken under this agreement. Therefore,
eachpartyhasrighttorequireexecutionofundertakenresponsibilities.
5.2. Thepartiesareresponsibletokeepeachother'sbusinessreputationandkeepbusinessinformationconfidential.
5.3. TheBorrowerisrequiredtodulycoverallliabilitiesundertakenunderthisagreement,repaythetakenloanand
interestaccumulatedonit.
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