You can open the Line Of Credit Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Line Of Credit Agreement Template Printable | Editable FormSample
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This document formalizes the agreement for a line of credit established on [Contract Start Date], outlining the terms and conditions under which the credit may be drawn by the Borrower.
The Lender agrees to provide a line of credit up to [Credit Limit Amount], subject to the terms outlined in this agreement.
The Borrower shall pay interest on the drawn amount at a rate of [Interest Rate] per annum, calculated monthly.
The Borrower may draw funds from the line of credit in amounts of [Minimum Draw Amount] or greater, with requests to be made [Specify notice period].
The Borrower agrees to repay any drawn amounts plus interest in full by [Repayment Due Date] or as specified in the repayment schedule: [Specify terms].
In the event of default, the Lender retains the right to declare the entire outstanding balance due and payable immediately upon written notice.
Both parties agree to maintain confidentiality of all financial information exchanged in relation to this agreement.
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This agreement establishes the terms for a line of credit provided to the Borrower, commencing on [Contract Start Date], intended for [Purpose of Credit].
The total amount available under this line of credit is [Credit Limit Amount], and it shall be available for a term of [Duration] from the effective date.
The Borrower agrees to pay an interest rate of [Interest Rate] per annum on any outstanding balance, in addition to any applicable fees as outlined here: [Specify fees].
Funds drawn under this agreement must be used solely for [Specify use], and any change in use must be approved in writing by the Lender.
The Borrower shall repay drawn amounts at least [Specify repayment terms] and may prepay any amount without penalty at any time.
Failure to exercise any right under this agreement shall not be construed as a waiver of that right or any other rights the Lender may have.
Any modifications to this agreement must be in writing and signed by both parties.
This agreement will be construed and enforced in accordance with the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Form
Please complete the form below to create the Line of Credit Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Line of Credit Agreement Template 1. Lender Information 2. Borrower Information 3. Line of Credit Details 4. Purpose of Credit 5. Repayment Terms 6. Fees and Other Charges 7. Default Conditions 8. Governing Law 9. Signatures and Acceptance 10. Declaration and Signatures
PDF
WORD
Line Of Credit Agreement Template Printable | Editable FormPrintable
