Loan Agreement - Free Legal Template
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The Loan Agreement is a legal document outlining the terms and conditions under which a Lender agrees to provide a loan to a Borrower. It specifies the principal loan amount, interest rates, payment terms, prepayment rights, and conditions under which the loan may be accelerated. The document details the obligations of both parties, including indemnification, waiver rights, and assignment policies. It also addresses the enforceability of the agreement in the event of restructuring, succession, or assignment. Additionally, it specifies notification procedures, remedies, and the entire agreement's validity. This document can be used to legally enforce the borrowing and repayment terms agreed upon between the Lender and Borrower.