A term loan is a type of loan that is repaid over a specified period of time, usually over several years. A term loan agreement is a written contract between a lender and a borrower that outlines the terms and conditions of the loan.

A sample term loan agreement would typically include the following:

1. Loan amount: This is the amount of money that the lender is willing to lend to the borrower. It is important to note that this amount may be subject to certain conditions, such as the borrower meeting certain financial requirements.

2. Interest rate: The interest rate is the amount of money that the borrower must pay in addition to the loan amount. This is usually expressed as an annual percentage rate (APR).

3. Repayment terms: This section of the agreement outlines how the borrower will repay the loan. It may include the frequency of payments (e.g. monthly, quarterly, annually), the date of the first payment, and the total number of payments. The agreement may also outline any penalties or fees that may be incurred if the borrower fails to make payments on time.

4. Security: The lender may require the borrower to provide some form of security in order to secure the loan. This could include a lien on the borrower`s property, a personal guarantee from the borrower, or other collateral.

5. Default: This section of the agreement outlines what happens if the borrower fails to make payments or otherwise defaults on the loan. It may include provisions for the lender to seize collateral, initiate legal action, or take other steps to recover the funds owed.

When drafting a term loan agreement, it is important to ensure that all of the terms and conditions are clearly stated and easily understood by both parties. The agreement should also be reviewed by an attorney to ensure that it complies with all relevant laws and regulations.

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