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Loan Agreement Director To Company Template for Belgium

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Key Requirements PROMPT example:

Loan Agreement Director To Company

"I need a Loan Agreement Director To Company under Belgian law for a 鈧250,000 unsecured loan with 5% annual interest, to be repaid in quarterly installments over 3 years starting March 2025."

Document background
The Loan Agreement Director To Company is a specialized financing instrument used when a director provides funding to their company under Belgian law. This document is typically employed when traditional financing options may be less suitable or when rapid funding is required, subject to appropriate corporate governance procedures. The agreement must comply with the Belgian Companies and Associations Code, particularly Article 7:96 regarding conflicts of interest, and demonstrate arm's length terms. It includes comprehensive details about the loan terms, interest rates, repayment schedules, and any security arrangements, while documenting all necessary corporate approvals and shareholder consents where required. The document serves both as a binding contract and as evidence of proper corporate governance in related party transactions.
Suggested Sections

1. Parties: Identification of the Director as lender and the Company as borrower, including full legal names, addresses, and registration details

2. Background: Context of the loan agreement, including the company's need for funding and the director's capacity to provide it

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount and its intended use by the company

5. Interest Rate: Details of the applicable interest rate, ensuring compliance with arm's length principles and market conditions

6. Repayment Terms: Schedule and method of repayment, including principal and interest payment dates

7. Security: Details of any security or guarantee provided for the loan

8. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority to enter into the agreement

9. Corporate Approval: Confirmation of necessary corporate approvals and compliance with conflict of interest procedures

10. Events of Default: Circumstances that would constitute a default and the consequences thereof

11. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for disputes

12. Execution: Signature blocks and execution formalities

Optional Sections

1. Prepayment Provisions: Terms for early repayment of the loan, to be included if early repayment is permitted

2. Subordination: Include if the loan is to be subordinated to other company debts

3. Tax Provisions: Specific tax-related provisions if there are particular tax implications to be addressed

4. Currency Provisions: Include if the loan is in a currency other than EUR

5. Assignment and Transfer: Include if either party wishes to have the ability to assign or transfer their rights

6. Information Rights: Additional reporting requirements beyond standard director access to company information

7. Costs and Expenses: Include if there are specific provisions about who bears the costs of preparing and executing the agreement

Suggested Schedules

1. Repayment Schedule: Detailed schedule of repayment dates and amounts

2. Board Resolution: Copy of the board resolution approving the loan agreement

3. Shareholders' Resolution: If required, copy of shareholders' approval of the transaction

4. Conflict of Interest Procedure Documentation: Documentation of compliance with Article 7:96 BCAC requirements

5. Security Documents: If applicable, details of any security arrangements

6. Interest Calculation Examples: Examples showing how interest will be calculated and applied

7. Related Party Transaction Report: Independent assessment confirming arm's length terms if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses






























Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Professional Services

Healthcare

Real Estate

Construction

Energy

Telecommunications

Transportation

Media and Entertainment

Agriculture

Mining

Hospitality

Relevant Teams

Legal

Finance

Corporate Governance

Treasury

Compliance

Board Secretariat

Risk Management

Corporate Affairs

Tax

Relevant Roles

Director

Chief Executive Officer

Chief Financial Officer

Company Secretary

General Counsel

Legal Counsel

Corporate Lawyer

Financial Controller

Treasury Manager

Board Member

Company Director

Managing Director

Finance Director

Compliance Officer

Corporate Governance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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