NATURE OF THE CREDIT FACILITY. 2.1 This credit facility shall be in the nature of a demand loan, payable by the Debtor to the Lender thirty (30) days after the Lender demands payment of the amounts advanced pursuant to this agreement; 2.2 The said demand shall be in writing and addressed to the Debtor at its address I indicated in this agreement; 2.3 This credit facility shall have no security issued or taken against the amounts advanced; 2.4 This credit facility shall bear interest at the rate of 8% per annum on the principal amount drawn down and remaining unpaid, after as well as before demand or maturity or default, calculated on an annual basis (on the basis of a year of 365 days for the actual number of days elapsed);
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Samples: Loan Agreement (Bangla Property Management Inc), Loan Facility Agreement (Branson Jewelry Iusa Inc), Loan Agreement (Bangla Property Management Inc)
NATURE OF THE CREDIT FACILITY. 2.1 This credit facility shall be in the nature of a demand loan, payable by the Debtor to the Lender thirty (30) days after the Lender demands payment of the amounts advanced pursuant to this agreement;
2.2 The said demand shall be in writing and addressed to the Debtor at its address I indicated in this agreement;
2.3 This credit facility shall have no security issued or taken against the amounts advanced;
2.4 This credit facility shall bear interest at the rate of 8% per annum on the principal amount drawn down and remaining unpaid, after as well as before demand or maturity or default, calculated on an annual basis (on the basis of a year of 365 days for the actual number of days elapsed);
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