Administration Loan Agreement
Administration Loan Agreement
This Administration Loan Agreement (the "Agreement") is made effective as of [Month, Day, Year], by and between [Your Company Name] ("Lender"), located at [Your Company Address], and [Your Client / Subscriber / User Name], located at [123 Main Street, Anytown, USA].
1. DEFINITIONS
The following terms used in this Agreement shall have these corresponding meanings:
1.1 "Loan" refers to the amount lent to the Borrower by the Lender for the purpose of covering operational expenses, payroll, or other administrative costs.
1.2 "Principal" refers to the amount of the Loan without interest rate.
2. LOAN
The Lender agrees to lend to the Borrower an amount of USD [50,000.00] (the "Loan"). The Loan is to be used solely for the administrative purposes laid out in this Agreement.
3. TERM AND REPAYMENT
The Loan will be repaid in [12] equal installments, plus interest, upon receipt of invoice from the Lender. Each installment must be paid on the first day of each month, or as otherwise mutually agreed upon by both parties.
4. DEFAULT
In the event of a default by the Borrower, the Lender has the right to declare the outstanding balance immediately due and payable without notice or demand.
5. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the state of [California]. All matters of dispute will be resolved under the jurisdiction of the courts of [State of California].
6. SEVERABILITY
If any provision of this Agreement is determined to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
The undersigned have read, understand and agree to the terms of this Agreement, and acknowledge receipt of a completed copy of this Agreement, signed and dated by all parties.
[Lender]
[Your Company Name]
[Month, Day, Year]
[Borrower]
[Month, Day, Year]
