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The Demand Loan Agreement is a fundamental financial instrument used in the Irish lending market when flexibility in loan repayment timing is required. This type of agreement is particularly useful for short-term financing needs or when the lender requires enhanced control over the lending relationship. The document is structured to comply with Irish financial services legislation, including the Consumer Credit Act 1995 and Central Bank regulations, while providing comprehensive coverage of loan terms, security arrangements, and enforcement mechanisms. It can be used for both corporate and individual borrowing, though the specific terms and regulatory requirements may vary depending on the borrower's status. The agreement is designed to protect the lender's interests by maintaining the right to demand repayment at any time, while also ensuring fair treatment of borrowers under Irish law.

1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses

2. Background: Explains the context of the loan agreement and the parties' intentions

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules

4. The Loan: Specifies the loan amount, purpose, and terms of advancement

5. Interest: Details the interest rate, calculation method, and payment terms

6. Repayment: Specifies the demand nature of the loan and repayment obligations

7. Representations and Warranties: Sets out the Borrower's confirmations regarding their status and capacity

8. Borrower Covenants: Details the Borrower's ongoing obligations during the loan period

9. Events of Default: Lists circumstances that would constitute a default under the agreement

10. Demand and Enforcement: Specifies the Lender's rights to demand repayment and enforcement procedures

11. Costs and Expenses: Allocates responsibility for costs related to the loan

12. Notices: Specifies how formal communications between parties should be made

13. Assignment and Transfer: Sets out rules for transferring rights under the agreement

14. General Provisions: Contains standard boilerplate clauses including governing law and jurisdiction