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(Each of the above parties separately called a "Party" and collectively the "Parties".)
The Parties has of this day entered into the following loan agreement (the "Agreement"):
1. The loan
1.1 The Lender hereby lends[AMOUNT (the "Loan") to the Borrower, which at the same time recognizes to owe to the Lender said amount and undertakes to repay the Loan with any interest, on the terms set out in this Agreement.
1.2 The Loan shall be transferred to the Borrower's account in BANK, REG.NO. ACCOUNT NO. on the DATE.
2. Loan Conditions
2.1 The Loan bears interest at X per cent per year.
2.2 The Lender cannot terminate or call the Loan in full or partially until DATE (the “Loan Period”).
2.3 The Loan is due in full on the expiry of the Loan Period and the Loan can then be called by the Lender with notice.
2.4 The Loan may from the Borrower's side at any time be repaid in whole or in part.
2.5 ANY OTHER TERMS
3. Miscellaneous provisions
3.1 This Agreement may not be transferred or in any way conveyed for ownership or as security without the Lender's written consent.
3.2 This Agreement constitutes the entire agreement and understanding between the Parties with regards to the Loan.
3.3 Notwithstanding the above, the Borrower is required to repay the loan (including interest, if any) in the case of 1) the Borrower dies or 2) by opening of the Borrower's liquidation, dissolution, bankruptcy, reorganization or other similar proceedings.
3.4 The Agreement is governed by the law of COUNTRY.
3.5 Any disputes arising out of this Agreement shall be settled by the court of COURT NAME.
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