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INTER-COMPANY LOAN AGREEMENT - FREE INTEREST

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INTER-COMPANY LOAN AGREEMENT - FREE INTEREST

Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000298
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

This document is a loan agreement that highlights the terms and conditions of a loan between one company and another. These two companies are belonging to the same group of companies. It refers to the amount advanced between related companies, which can be for different purposes.

Description

This transaction is interest free which is a big advantage for the borrower.

This document contains the following sections:

1.     Definitions

2.     The Facility

3.     Utilization of the Facility

4.     Repayment

5.     Miscellaneous

6.     Counterparts

7.     Governing Law and Jurisdiction

8.     Language

Jurisdiction

This letter is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument is for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information that will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.

Kanoony.com | This document is subject to continuous updates to ensure compliance with UAE laws. We always recommend downloading from, or, using Kanoony platform to access the most updated version. Saved documents on your system or any storage device may become outdated or expired.