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This Interest Bearing Loan Agreement template is designed for use under German law when documenting loan arrangements where interest is charged on the principal amount. It is particularly relevant for both commercial lending transactions and private loan arrangements, incorporating all necessary provisions required by German civil law and banking regulations. The document includes comprehensive sections on interest calculation, payment mechanisms, security arrangements, and enforcement rights, while ensuring compliance with German usury laws and, where applicable, consumer protection requirements. This template can be adapted for various loan amounts and terms, making it suitable for both institutional lenders and private lending arrangements. The agreement includes all mandatory provisions required under the German Civil Code (BGB) and relevant banking regulations, with optional modules for specific business requirements.

1. Parties: Identification and details of the Lender and Borrower, including registration numbers and addresses

2. Background: Context of the loan agreement and brief description of the parties' intentions

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. The Loan: Details of the loan amount, purpose, and drawdown conditions

5. Interest: Interest rate, calculation method, payment dates, and default interest provisions

6. Repayment: Repayment schedule, method of payment, and account details

7. Representations and Warranties: Standard representations and warranties from the Borrower

8. Covenants: Positive and negative obligations of the Borrower during the loan term

9. Events of Default: Circumstances constituting default and consequences thereof

10. Security: Details of any security or guarantees provided for the loan

11. Notices: Process and requirements for formal communications between parties

12. Assignment and Transfer: Rules regarding transfer of rights and obligations under the agreement

13. Governing Law and Jurisdiction: Confirmation of German law as governing law and jurisdiction for disputes

14. Miscellaneous: Standard boilerplate provisions including severability and entire agreement