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Finance Company: International - Contract

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International Online Unlimited - IOU Financial

"Helping you buy things you can't afford"

Contract Template:

Spoiler

Lender: International Online Unlimited, IOU Financial ("Lender" hereafter)
Dorset Drive, Rockford Hills, Los Santos

Borrower: [borrower's name] ("Borrower" hereafter)
[Address of the borrower or his/her/their account #]

1. Terms of the Loan. 

The lender and borrower hereby mutually understand and agree that: 1.1. the lender will supply the borrower an amount of SAD $[amount] ([amount in words]) ("loan" hereafter); 1.2. the borrowers accept responsibility for all uses and risks associated with the use of the loan; and 1.3. the period of the loan shall be [days], with payment of the interest due [date] in accordance with the attached separate agreement.

2. Terms of the Repayment.

The lender and borrower hereby mutually understand and agree that: 2.1.  the loan is to be repaid with interest at a rate established in the attached separate agreement; 2.2. the borrower will repay the loan immediately, in its entirety plus interest, in the event of (i) death or loss of legal capacity, and/or (iii) a claim by a third party creditor exceeding SAD $[amount]; and 2.3 failure to repay the loan shall entitle the lender to all collateral duly provided by the borrower in accordance with this agreement.

3. Collateral.

The lender and borrower hereby mutually understand and agree that as collateral for the loan: 3.1. the borrower will forfeit to the lender [the address of the property; or make of the vehicle, or description of whatever the collateral to be repossessed is] (the "collateral"); 3.2. the borrower will do nothing to alter the value of the collateral, nor sell, transfer, pledge or dispose of the collateral.

4. Warranties and Representations.

The lender and borrower hereby mutually understand, agree and make the following warranties and representations to each other, and that both lender and borrower will execute and perform the contract relying on such warranties and representations: 4.1. the borrower and lender have the agency, capacity, and right to enter into this agreement; 4.2. the borrower and lender have obtained any necessary authorizations or approvals to enter into this agreement; 4.3. the lender is a lawful enterprise permitted to engage in commerce; 4.4 upon ascribing our signatures, a valid and enforceable agreement will result.

5. Frustration and Breach.

The lender and borrower hereby mutually understand and agree that: 5.1. any (i) act of God, (ii) act of civil disobediance such as, but not limited to, government overthrow, and/or (iii) sabotage, terrorism, or default or collapse of San Andreas' economy, where there is a material adverse effect on the lender's or borrower's ability to perform any of its obligations and which lender and borrower could not reasonably have expected to occur, may frustrate the agreement and shall require each party to accept their losses; 5.2 in the event of a change in economic conditions, the lender may unfix and adjust the fixed interest rate; and 5.3. in the event of a breach which is not the result of any of the aforementioned force majeure situations, the party in breach shall pay SAD $[amount] in addition to reimbursement of any actual losses incurred and duly calculated.

Sign here

Lender

Sign here

Borrower

 

Edited by PolarBlunk

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Lender: International Online Unlimited, IOU Financial ("Lender" hereafter)
Dorset Drive, Rockford Hills, Los Santos

Borrower: Zack Cage ("Borrower" hereafter)
Phone Number: 306-6004

1. Terms of the Loan. 

The lender and borrower hereby mutually understand and agree that: 1.1. the lender will supply the borrower an amount of SAD $10,000 (ten-thousand) ("loan" hereafter); 1.2. the borrowers accept responsibility for all uses and risks associated with the use of the loan; and 1.3. the period of the loan shall be 14 days, with payment of the interest due 31st of January, 2018 in accordance with the attached separate agreement.

2. Terms of the Repayment.

The lender and borrower hereby mutually understand and agree that: 2.1.  the loan is to be repaid with interest at a rate established in the attached separate agreement; 2.2. the borrower will repay the loan immediately, in its entirety plus interest, in the event of (i) death or loss of legal capacity, and/or (iii) a claim by a third party creditor exceeding SAD $25000; and 2.3 failure to repay the loan shall entitle the lender to all collateral duly provided by the borrower in accordance with this agreement.

3. Collateral.

The lender and borrower hereby mutually understand and agree that as collateral for the loan: 3.1. the borrower will forfeit to the lender Prairie (the "collateral"); 3.2. the borrower will do nothing to alter the value of the collateral, nor sell, transfer, pledge or dispose of the collateral.

4. Warranties and Representations.

The lender and borrower hereby mutually understand, agree and make the following warranties and representations to each other, and that both lender and borrower will execute and perform the contract relying on such warranties and representations: 4.1. the borrower and lender have the agency, capacity, and right to enter into this agreement; 4.2. the borrower and lender have obtained any necessary authorizations or approvals to enter into this agreement; 4.3. the lender is a lawful enterprise permitted to engage in commerce; 4.4 upon ascribing our signatures, a valid and enforceable agreement will result.

5. Frustration and Breach.

The lender and borrower hereby mutually understand and agree that: 5.1. any (i) act of God, (ii) act of civil disobediance such as, but not limited to, government overthrow, and/or (iii) sabotage, terrorism, or default or collapse of San Andreas' economy, where there is a material adverse effect on the lender's or borrower's ability to perform any of its obligations and which lender and borrower could not reasonably have expected to occur, may frustrate the agreement and shall require each party to accept their losses; 5.2 in the event of a change in economic conditions, the lender may unfix and adjust the fixed interest rate; and 5.3. in the event of a breach which is not the result of any of the aforementioned force majeure situations, the party in breach shall pay SAD $5000 in addition to reimbursement of any actual losses incurred and duly calculated.

Alex Donnelly

Lender

Sign here

Borrower

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4 minutes ago, PolarBlunk said:

Lender: International Online Unlimited, IOU Financial ("Lender" hereafter)
Dorset Drive, Rockford Hills, Los Santos

Borrower: Zack Cage ("Borrower" hereafter)
Phone Number: 306-6004

1. Terms of the Loan. 

The lender and borrower hereby mutually understand and agree that: 1.1. the lender will supply the borrower an amount of SAD $10,000 (ten-thousand) ("loan" hereafter); 1.2. the borrowers accept responsibility for all uses and risks associated with the use of the loan; and 1.3. the period of the loan shall be 14 days, with payment of the interest due 31st of January, 2018 in accordance with the attached separate agreement.

2. Terms of the Repayment.

The lender and borrower hereby mutually understand and agree that: 2.1.  the loan is to be repaid with interest at a rate established in the attached separate agreement; 2.2. the borrower will repay the loan immediately, in its entirety plus interest, in the event of (i) death or loss of legal capacity, and/or (iii) a claim by a third party creditor exceeding SAD $25000; and 2.3 failure to repay the loan shall entitle the lender to all collateral duly provided by the borrower in accordance with this agreement.

3. Collateral.

The lender and borrower hereby mutually understand and agree that as collateral for the loan: 3.1. the borrower will forfeit to the lender Prairie (the "collateral"); 3.2. the borrower will do nothing to alter the value of the collateral, nor sell, transfer, pledge or dispose of the collateral.

4. Warranties and Representations.

The lender and borrower hereby mutually understand, agree and make the following warranties and representations to each other, and that both lender and borrower will execute and perform the contract relying on such warranties and representations: 4.1. the borrower and lender have the agency, capacity, and right to enter into this agreement; 4.2. the borrower and lender have obtained any necessary authorizations or approvals to enter into this agreement; 4.3. the lender is a lawful enterprise permitted to engage in commerce; 4.4 upon ascribing our signatures, a valid and enforceable agreement will result.

5. Frustration and Breach.

The lender and borrower hereby mutually understand and agree that: 5.1. any (i) act of God, (ii) act of civil disobediance such as, but not limited to, government overthrow, and/or (iii) sabotage, terrorism, or default or collapse of San Andreas' economy, where there is a material adverse effect on the lender's or borrower's ability to perform any of its obligations and which lender and borrower could not reasonably have expected to occur, may frustrate the agreement and shall require each party to accept their losses; 5.2 in the event of a change in economic conditions, the lender may unfix and adjust the fixed interest rate; and 5.3. in the event of a breach which is not the result of any of the aforementioned force majeure situations, the party in breach shall pay SAD $5000 in addition to reimbursement of any actual losses incurred and duly calculated.

Alex Donnelly

Lender

Zack Cage

Borrower

 

 

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