Interest Loan Agreement
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How to draft a proper Interest Loan Agreement? Download this Interest Loan Agreement template that will perfectly suit your needs!
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No interest shall be paid on the Loan except (without prejudice to the Company s obligation under clause 2 above) if the Company shall fail to repay the Loan in full on the Repayment Date or to make any repayment of the whole or any part of the Loan on any date on which the same may become payable pursuant to this agreement in which event interest shall be paid on the Loan or the balance thereof from time to time outstanding from such date at the rate of 4 above the minimum base rate for the time being of Barclays Bank plc as well after as before judgment such interest to accrue from day to day to be payable monthly and if not paid to be compounded..
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