The Intercompany Promissory Note is a crucial document used to formalize and document loan arrangements between companies within the same corporate group under Danish law. It is typically employed when one group entity provides financing to another, whether for operational needs, expansion projects, or restructuring purposes. The document serves multiple functions: it creates a legally binding obligation, supports tax compliance by evidencing arm's length terms, and provides documentation for accounting and audit purposes. The note must comply with Danish legal requirements, including the Danish Promissory Notes Act (G脙茠脗娄ldsbrevsloven) and relevant corporate and tax regulations. It should contain clear terms regarding the loan amount, interest rates, repayment schedule, and default provisions, while also considering transfer pricing implications and intercompany financing rules.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Intercompany Promissory Note
I need an Intercompany Promissory Note under Danish law for a 鈧5 million loan from our parent company to our Danish subsidiary, with quarterly interest payments and final maturity in March 2025.
1. Parties: Identification of the lender (promisee) and borrower (promisor), including full legal names, registration numbers, and registered addresses
2. Background: Brief context of the intercompany relationship and purpose of the promissory note
3. Definitions: Key terms used throughout the document, including 'Business Day', 'Default Event', 'Interest Period', etc.
4. Principal Amount: Clear statement of the loan amount, currency, and date of advancement
5. Interest: Interest rate, calculation method, payment frequency, and interest periods
6. Repayment Terms: Payment schedule, maturity date, and method of payment
7. Representations and Warranties: Basic representations regarding capacity to enter into the agreement and validity of obligations
8. Events of Default: Circumstances that trigger default and acceleration of the note
9. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Prepayment: Terms for early repayment of the note, used when early repayment is permitted
2. Security: Details of any security or guarantees, included when the note is secured
3. Subordination: Terms regarding priority of the debt, included when there are multiple creditors
4. Tax Gross-Up: Provisions for tax implications, included when tax withholding may be required
5. Transfer and Assignment: Terms for transferring the note, included when transferability is contemplated
6. Currency Provisions: Used when the note involves multiple currencies or currency conversion
7. Notice Provisions: Detailed communication requirements, included for more complex arrangements
1. Repayment Schedule: Detailed schedule of payment dates and amounts, if installment payments are planned
2. Calculation of Interest: Detailed methodology for interest calculations if complex interest arrangements apply
3. Form of Notice: Standard templates for various notices required under the note
4. Transfer Form: Template for documentation of any permitted transfers of the note
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Financial Services
Real Estate
Energy
Retail
Healthcare
Transportation and Logistics
Construction
Professional Services
Agriculture
Mining and Resources
Relevant Teams
Legal
Finance
Treasury
Tax
Accounting
Compliance
Corporate Finance
Company Secretariat
Risk Management
Internal Audit
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Tax Director
Legal Counsel
Corporate Lawyer
Group Accountant
Finance Manager
Treasury Analyst
Company Secretary
Compliance Officer
Tax Manager
Corporate Finance Manager
Group Financial Controller
Find the exact document you need
Simple Promissory Note Between Family Members
A Danish law-compliant promissory note template designed for documenting loan agreements between family members, establishing clear terms while maintaining simplicity.
find out more
Loan Note
A Danish law-governed debt instrument documenting loan terms and conditions between lender and borrower.
find out more
Standard Promissory Note
A Danish law-governed formal promise to pay document that creates a legally binding debt obligation between borrower and lender.
find out more
Promissory Sale And Purchase Agreement
A Danish law-governed agreement combining sale and purchase terms with promissory payment arrangements, structured to protect both parties' interests in installment-based transactions.
find out more
Simple Note Payable Agreement
A Danish law-governed promissory note establishing terms for borrowed money, including repayment obligations and interest terms.
find out more
Loan Note Agreement
A Danish law-governed agreement documenting loan terms and conditions between lender and borrower, establishing debt obligations and repayment terms.
find out more
Letter Of Promissory Note For Tuition Fee
A Danish law-governed promissory note documenting a student's legal obligation to pay specified tuition fees to an educational institution.
find out more
Personal Promissory Note
A Danish law-governed document establishing a personal debt obligation between a borrower and lender, with specified repayment terms and conditions.
find out more
Home Loan Promissory Note
A Danish law-governed promissory note documenting a borrower's obligation to repay a home loan under specified terms and conditions.
find out more
90 Day Promissory Note
A Danish law-governed financial instrument documenting a promise to repay a specified sum within 90 days, with defined payment and interest terms.
find out more
Individual Promissory Note
A Danish law-governed financial instrument documenting a written promise to pay a specific sum of money, establishing terms of repayment and enforcement rights.
find out more
Private Promissory Note
A Danish law-governed document containing a formal written promise to repay a specific sum of money under defined terms and conditions.
find out more
Intercompany Promissory Note
A Danish law promissory note documenting an intercompany loan between affiliated entities, establishing loan terms and conditions in compliance with Danish regulations.
find out more
Simple Promissory Note No Interest
A Danish law-governed promissory note documenting an interest-free loan agreement between two parties, specifying repayment terms and conditions.
find out more
I Owe You Promissory Note
A Danish law-governed Promissory Note establishing a formal written promise to pay a specified sum of money under defined terms and conditions.
find out more
Purchase Promissory Note
A Danish law-governed debt instrument documenting a promise to pay for purchases, establishing payment terms and obligations between maker and payee.
find out more
Promissory Contract
A Danish law-governed contract containing a formal promise to pay a specified sum of money under defined terms and conditions.
find out more
Promise To Pay Agreement
A Danish law-governed agreement formalizing a debtor's commitment to pay a specified amount to a creditor under defined terms and conditions.
find out more
Promissory Agreement
A Danish law-governed agreement documenting a legally binding promise to pay a specified sum of money, including payment terms and conditions.
find out more
Loan Agreement And Promissory Note
Danish law-governed combined loan agreement and promissory note establishing lending terms and evidencing debt obligations.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.