Financial Agreements

A Brief Introduction About the Acquisition and Construction Loan Agreement Most people who purchase land intend to use it for a constructed property. However, they take the loans for the land first and then when they want to develop it, they enter into a construction loan agreement for construction of the property. This increases the […]

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What Is Project Finance Agreement? The project finance agreement is the legal document specifying the financed project distribution and the total cost needed to accomplish the project. The agreement should feature the project elements such as capital needed to be invested in the project, promotion cost, contingency plans, etc. It must also include the amount […]

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What Is a Multi Currency Credit Agreement? A multi currency credit agreement is a form of a loan agreement that lays down the terms of a multi currency loan that is given by a bank to a particular organization. A multi currency credit is when the borrower can receive the loan in multiple currencies. This […]

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What Is a Cash Collateral Agreement? Cash collateral agreement is signed when cash and cash equivalents are required to be held by the lenders during a chapter 11 bankruptcy. The US code 11, u/s 363 defines cash collateral as ‘cash, negotiable instruments, documents of title, securities, deposit accounts or other cash equivalents, whenever acquired, in […]

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What Is Credit Facility Agreement? Credit facility agreement or a loan agreement letter is a contract or letter according to which a lender (usually a bank or other financial institution) sets out the terms and conditions based on which it is prepared to make a loan facility available to a borrower. It is often used […]

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A five year credit agreement is a legal commitment made on behalf of a financial institution to provide a certain amount of loan to the customer for a duration of 5 years. However, it is a special type of loan where the borrower can withdraw the amount in parts in these five years. What Is […]

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An insurance contract is an agreement to provide insurance. It can be defined as a legal document that highlights the responsibilities of both- the insurance company and the insured. It also specifies the policy terms and conditions of coverage. The contract specifies the risks that can be covered for a limited period of time. What […]

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What Is a Loan and Security Agreement? Loan and Security Agreement is a type of a loan agreement where a lender creates security for the amount lent to the borrower. Without this Agreement, it becomes difficult to borrow money due to the restrictions on credit, high interest rates, and high chances of default. Security agreements […]

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A Brief Introduction About the Forbearance Agreement A lot of people need loans today. Some take it for their house, some take it for health, and some take it for their kids’ education. There are individual entities as well as organizations that provide mortgage loans to people in need. Both parties share a lender-borrower relationship. […]

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A Brief Introduction About the LLC Operating Agreement An LLC Operating Agreement is a legal document that is created between the partners of an LLC venture or a Limited Liability Corporation. Although none of the states within the United States of America demands an LLC Operating Agreement for an LLC firm to operate, it is […]

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A Brief Introduction About the Loan Agreement? A loan agreement is a binding contract between two or more persons to document the giving of a loan from one person to another. It documents the promises of both the parties – the promise by the lender to lend the money and the promise by the borrower […]

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What is a bridge loan? A bridge loan is a short term loan used by borrowers to meet their short-term financial requirements. Also known as gap financing or swing loan, it serves as a viable option to meet immediate cash requirements. It is usually extended for a short period of time, going up to twelve […]

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