Loan Agreement Template Page 3
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7The BORROWER acknowledges and warrants that:
since the date when the Project was published, no event of any kind occurred, either legal,
financial, economic, or social, likely to have substantial consequences on its status, with
respect, in particular, to its activity and the resulting licenses or authorizations required;
the Project description (see Article 2 above) fully complies with the objectives pursued by the
Final Beneficiary;
it knows the Final Beneficiary; has performed an identity check and confirmed his place of
residence;
it has audited the Project, checked its viability and rationale, with a goal to act in the Final
Beneficiary ‘s best interests;
it has been authorized by the Final Beneficiary to communicate on said Project out of its
national territory and, at least, to third nationality individuals;
it has advised and informed the Final Beneficiary about the financial consequences and
liabilities linked to the loan and warned him about his obligation to reimburse and the impact
these reimbursements will have on his personal income, including that of his dependants, if he
is the head of a family;
He concluded an interests bearing loan agreement with the Final Beneficiary;
no proceedings, legal action, lawsuit, or administrative procedure likely to prevent it, or even
prohibit it from presenting the Project and organizing its financing for the benefit of the Final
Beneficiary, is underway or about to be introduced;
no proceedings, legal action, lawsuit or administrative procedure likely to prevent it or even
prohibit it from entering into the Agreement and signing it is underway or about to be
introduced;
no proceedings, legal action, lawsuit or administrative procedure likely to prevent it or even
prohibit it from exercising its activity is underway or about to be introduced;
there exists no material information which could constitute a case for early repayment, as meant
by this Agreement;
The BORROWER acknowledges and commits to:
allocate the full amount of the loan to fund the Project (ref: Article 2 supra) or, if funds have
already been disbursed for the Project, to allocate said amount to the Project and then reroute
the initial funding to other projects;
pay back the full loan at the term date according to the agreed schedule (see Article 4 above);;
inform the LENDER, through the [domain] site, of any information or incident that could affect
its activity;
inform the LENDER through the [domain] site of any information or incident that could prevent
the loan from being totally or partially repaid;
more generally speaking, inform the LENDER, through the [domain] site,of any information or
incident likely to have consequences on the Agreement;
not transfer to a third party the obligations resulting from this Agreement without first
informing the LENDER and making sure that these obligations, and in particular, the full loan
repayment and interest payment, will be fulfilled;
ARTICLE 6: THE LENDER’S STATEMENTS AND COMMITMENTS
The LENDER acknowledges and warrants that:
he is of age and has full capacity to enter this Agreement;
he has understood the terms and conditions of this Agreement and the consequences of the
implied commitment;
nothing forced him to commit to this Agreement nor prevented him from doing so;
he freely chose the Project to fund (see Article 2 above), understood its objective and wishes to
carry out the loan to support said Project;
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