LOAN AGREEMENT (INTERNATIONAL)国
际贷款协议
LOAN AGREEMENT (INTERNATIONAL)国际贷款协议
This ACREEMENT entered into as of ___ (Day) ___ (Month), 20__,between ABC
company, a [Name of country]company (the "Borrower") and CREDlT BANK, N. A. , a national banking association of the United States of America (the "Bank").
WITNESSETH:
WHEREAS, the Borrower has requested the Bank to extend to the Borrower a term
loan in the principal amount of One Million United States Dollars (U. S. $ 1,
000, 000) upon the terms and subject to the Conditions of this Agreement; and
WHEREAS, the Bank is prepared to make such a loan available to the Borrower upon
the terms and subject to the conditions of this Agreement;
NOW, THEREFORE, in consideration of the mutual promises contained therein, the
parties agree as follows:
Article 1 Definitions
Section 1. 1 For the Purposes of this Agreement, the following expressions have
the meanings set forth below:
"Business Day": any day on which banks are open to conduct their regular banking
business in London, England, and Los Angeles, California, and on which dealings
in Dollar deposits between banks are carried out in the London interbank market;
"Commitment": the obligation of the Bank to make the loan to the Borrower on the
date hereof;
"Credit Los Angeles": Credit Bank, International Division, Los Angeles,
California;
"Dollars" and the sign "$": lawful money of the United States of America and, in
relation to all payments hereunder, immediately available funds;
"Event of Default": any of the events specified in Article Ⅷ of this Agreement;
"Guarantor": XYZ Bank Limited;
"Indebtedness": of any Person, or the Borrower, means all items of indebtedness
which, in accordance with generally accepted accounting principles in [Name of
Country] Would be included in determining liabilities as shown on the liability
side of a balance sheet of such Person or the Borrower as of the date
indebtedness is to be determined, and shall also include all indebtedness and
liabilities of others assumed or guaranteed or in respect of which the Borrower
is secondarily or contingently liable (other than by endorsement of instruments
in the course of collection) , whether by reason of any agreement to acquire
such indebtedness or to supply or advance sums or otherwise;
"Installment Payment Dates": subject to Section 4. 1, the dates which are
eighteen months, twenty-four months, thirty months, thirty-six months, forty -
two months, forty-eight months, fifty -four months and sixty months from the
date hereof;
"Interest Payment Date": the last day of each Interest Period;