[{"id":"a16c9cdb-1ae3-416a-b622-5bbca60167ab","order":1,"text":"LOAN AGREEMENT AND PROMISSORY NOTE","fontSize":"20","textAlign":"center","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true},{"id":"272fc78e-7d85-440b-a1e6-5a317721b361","order":2,"text":"(Secured / Unsecured — Between Individuals)","fontSize":"12","textAlign":"center","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"192914e3-1c96-44d6-87f1-654ef27668a8","order":3,"text":"THIS LOAN AGREEMENT (the \"Agreement\") is made and entered into on [Date of execution], at [City], BETWEEN:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"84c278e5-2ab1-4f6f-8887-834863dfc423","order":4,"text":"[Full name of the Lender], an individual residing at [Address of the Lender] (the \"Lender\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a9c2b52f-8650-46a9-875a-bb699952e9b6","order":5,"text":"AND","fontSize":"14","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9f4d9ae5-e010-45a2-bd81-99832b35947b","order":6,"text":"[Full name of the Borrower], an individual residing at [Address of the Borrower] (the \"Borrower\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"2","type":"remove","operator":"="}]},{"id":"b7db1a9e-a058-458f-878c-f4a29be4477c","order":7,"text":"[Full name of the first Borrower], an individual residing at [Address of the first Borrower], and [Full name of the second Borrower], an individual residing at [Address of the second Borrower] (together, the \"Borrower\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"1","type":"remove","operator":"="}]},{"id":"a54f5a2e-313e-40a0-969c-42bd0f9ed7de","order":8,"text":"AND","fontSize":"14","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]},{"id":"1c3ea767-d513-488c-852a-a49d44d4b7fd","order":9,"text":"[Full name of the Guarantor], an individual residing at [Address of the Guarantor] (the \"Guarantor\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]},{"id":"1c573b3d-0e1e-44ef-aa2e-d1a16088aef4","order":10,"text":"The Lender and the Borrower are hereinafter individually referred to as a \"Party\" and collectively as the \"Parties\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"17a47175-2912-48e0-b422-53eabb348f5e","order":11,"text":"RECITALS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"1f452e75-81ee-4bc7-bb77-84066d6774dc","order":12,"text":"WHEREAS the Lender has agreed to lend to the Borrower, and the Borrower has agreed to borrow from the Lender, a sum of money on the terms and conditions set out in this Agreement;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"60b1a644-1531-4281-b797-8e0f55a9f3cb","order":13,"text":"WHEREAS the Parties wish to record their agreement in writing and to set out their respective rights and obligations;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"618a1d59-24cc-4f10-b0a2-7beae40f7072","order":14,"text":"NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"2c48e94c-a95b-437c-89fa-017360d900b5","order":15,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S01"},{"id":"3419a081-9c57-41cc-9e4e-4588e4a2e0ea","order":16,"text":"In this Agreement: \"Advance Date\" means the date on which the Principal is advanced to the Borrower; \"Business Day\" means any day other than a Saturday, Sunday or statutory holiday in the Province or Territory whose laws govern this Agreement; \"Event of Default\" has the meaning given in the Article entitled \"EVENTS OF DEFAULT AND ACCELERATION\"; \"Maturity Date\" means the date on which the Principal becomes due and payable as determined under the Article entitled \"REPAYMENT\"; and \"Principal\" means the principal sum of the loan as set out in this Agreement, as reduced from time to time by repayment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7b5b4b44-270c-4664-bce2-8f2ec7268c5c","order":17,"text":"In this Agreement, words importing the singular include the plural and vice versa; words importing gender include all genders; \"including\" means \"including without limitation\"; and a reference to a statute includes any amendment to or replacement of it and any regulation made under it. Headings are for convenience only and do not affect interpretation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2ed38337-5af8-4f8c-af47-4cc1b620c70f","order":18,"text":"2. LOAN AND PRINCIPAL AMOUNT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S02"},{"id":"40fe3698-5a13-4d69-8afe-853ffe98f884","order":19,"text":"The Lender agrees to lend to the Borrower the principal sum of CAD $[Principal amount] (the \"Principal\"), and the Borrower agrees to borrow such Principal and to repay it to the Lender, together with any interest accrued thereon, in accordance with the terms of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2cf48468-010a-4cf7-a2c0-af6a65ed7af5","order":20,"text":"All amounts referred to in this Agreement are expressed in Canadian dollars (CAD) unless otherwise stated.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"297c3ba7-abee-4cd7-b051-a8f849125d2d","order":21,"text":"3. PURPOSE OF THE LOAN","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"1dc47b6b-366e-46ec-b8a1-f95b966bfe02","value":"yes","type":"add","operator":"="}],"marginTop":"14","sectionNum":"S03"},{"id":"15efa28b-573c-496f-9e9d-8a63a741bff3","order":22,"text":"The Borrower shall use the Principal solely for the following purpose: [Purpose of the loan]. The Borrower shall not apply the Principal to any other purpose without the prior written consent of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"1dc47b6b-366e-46ec-b8a1-f95b966bfe02","value":"yes","type":"add","operator":"="}]},{"id":"171973e6-a6c9-4bb3-b117-2434af56adf7","order":23,"text":"4. ADVANCE OF FUNDS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S04"},{"id":"5fcf35f3-4d77-4c02-bf35-a4cd2fcfef8e","order":24,"text":"The Lender shall advance the Principal to the Borrower on [Date the funds are advanced] (the \"Advance Date\"). The Borrower acknowledges that the obligation to repay arises upon receipt of the Principal, and the Borrower's written acknowledgment of receipt, or the Lender's record of transfer, shall be conclusive evidence of the advance.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d10305b5-79f4-48cf-8864-d1e318e3f020","order":25,"text":"5. INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S05"},{"id":"c83bc489-7880-4fe5-a276-156370ea7407","order":26,"text":"Interest shall accrue on the outstanding Principal at the rate of [Annual interest rate]% per annum, calculated [simple], both before and after maturity, default and judgment, until the Principal and all accrued interest are repaid in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91beb2a9-b9fd-4456-89da-139cf3f787ee","value":"interest","type":"add","operator":"="}]},{"id":"373b79cc-f0c5-4faa-af1b-abd3cd923eb8","order":27,"text":"Interest shall be computed on the basis of the actual number of days elapsed in a year of 365 days. For the purposes of the Interest Act (Canada), where interest is expressed or calculated on any basis other than a full calendar year, the equivalent yearly rate is the stated rate multiplied by the number of days in the year and divided by the number of days in the applicable calculation period.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91beb2a9-b9fd-4456-89da-139cf3f787ee","value":"interest","type":"add","operator":"="}]},{"id":"ccf3eed0-aae3-49fb-b226-e0b4dafcfdb3","order":28,"text":"In no event shall the aggregate interest and any other charges payable under this Agreement exceed the maximum rate permitted by applicable law, including section 347 of the Criminal Code (Canada). If any payment would otherwise exceed that maximum, the excess shall be deemed to have been a repayment of Principal and, if necessary, refunded to the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91beb2a9-b9fd-4456-89da-139cf3f787ee","value":"interest","type":"add","operator":"="}]},{"id":"49d3a39d-c0d6-46d1-9557-8d9e20df1901","order":29,"text":"This loan is interest-free. No interest shall accrue or be payable on the Principal, whether before or after maturity, default or judgment, provided that the Borrower performs its obligations under this Agreement. This waiver of interest does not affect the Lender's right to recover late-payment charges or costs expressly provided for elsewhere in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91beb2a9-b9fd-4456-89da-139cf3f787ee","value":"nointerest","type":"add","operator":"="}]},{"id":"8873be7f-7f2a-469a-8d49-cbc04ec0800c","order":30,"text":"6. REPAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S06"},{"id":"9823c482-2099-4c8f-9fb2-60b4fe5214f6","order":31,"text":"The Borrower shall repay the entire Principal, together with all accrued and unpaid interest, in a single lump-sum payment on or before [Repayment date] (the \"Maturity Date\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"78a4f19e-1dc0-4bf7-bcb6-9c7e7a8221e6","value":"lump","type":"add","operator":"="}]},{"id":"1dbacd1b-afd3-4f01-81db-ee6eededb214","order":32,"text":"The Borrower shall repay the Principal, together with all accrued and unpaid interest, in [frequency] instalments of CAD $[Instalment amount] each. The first instalment shall be due on [First instalment date], and subsequent instalments shall be due on the corresponding day of each successive period, with the final instalment, comprising the entire then-outstanding balance, due on [Final instalment date] (the \"Maturity Date\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"78a4f19e-1dc0-4bf7-bcb6-9c7e7a8221e6","value":"instalments","type":"add","operator":"="}]},{"id":"fcf8eb3a-2b20-4961-981c-8b5855a3ecc2","order":33,"text":"Each instalment shall be applied first to accrued and unpaid interest (if any), then to any costs or charges due under this Agreement, and finally to the reduction of Principal.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"78a4f19e-1dc0-4bf7-bcb6-9c7e7a8221e6","value":"instalments","type":"add","operator":"="}]},{"id":"36993e7a-29bb-4520-8e2a-9e763b10f899","order":34,"text":"The Principal, together with all accrued and unpaid interest, shall be repayable on demand. The Lender may demand repayment in whole or in part at any time by written notice to the Borrower, and the Borrower shall pay the amount demanded within ten (10) days of receipt of such notice. The date on which full repayment is so demanded shall constitute the \"Maturity Date\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"78a4f19e-1dc0-4bf7-bcb6-9c7e7a8221e6","value":"demand","type":"add","operator":"="}]},{"id":"0bfe4119-ab70-4807-8ba2-2877a627f7c7","order":35,"text":"All payments shall be made in Canadian dollars to the Lender at the address set out above, or to such other account or address as the Lender may designate in writing. A payment is deemed made only when actually received by the Lender in immediately available funds. If any payment falls due on a day that is not a Business Day, it shall be due on the next Business Day.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7cd20e7e-9b89-497a-bcdb-f1f929d05a79","order":36,"text":"7. PREPAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S07"},{"id":"81e75e39-097b-4452-ac74-54f19b81af3b","order":37,"text":"The Borrower may prepay all or any part of the outstanding Principal at any time, without notice, bonus or penalty. Any partial prepayment shall be applied to the Principal and shall not relieve the Borrower of the obligation to continue making scheduled payments until the loan is repaid in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a7b2dc59-4102-4efd-af4a-825f5cc8b137","value":"allowed","type":"add","operator":"="}]},{"id":"20ce4c0b-fa8c-4439-9c1c-693ea7849eb0","order":38,"text":"The Borrower may prepay all or any part of the outstanding Principal at any time, provided that the Borrower pays, together with such prepayment, a prepayment charge equal to [Prepayment charge rate]% of the amount prepaid. Any partial prepayment shall be applied to the Principal.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a7b2dc59-4102-4efd-af4a-825f5cc8b137","value":"penalty","type":"add","operator":"="}]},{"id":"5a7cab2d-8e10-4551-8ec2-ef3e94945eb4","order":39,"text":"Except with the prior written consent of the Lender, the Borrower may not prepay all or any part of the outstanding Principal before the Maturity Date. Any amount tendered as prepayment without such consent may be refused or returned by the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a7b2dc59-4102-4efd-af4a-825f5cc8b137","value":"notallowed","type":"add","operator":"="}]},{"id":"a35a918d-9382-4dd9-9a6b-eb251684ffd2","order":40,"text":"8. LATE PAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S08"},{"id":"178c2eb2-4baf-4a5a-a9d0-1ec3405c22c9","order":41,"text":"If any amount due under this Agreement is not paid in full when due, and remains unpaid after a grace period of [Grace period] days from the due date, the following shall apply:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d45b16ec-38b1-412b-b8b1-3362a83c9c53","value":"none","type":"remove","operator":"="}]},{"id":"97561810-279c-4edc-b90e-7974edc6df64","order":42,"text":"the overdue amount shall bear additional interest at the rate of [Default interest rate]% per annum, calculated daily from the due date until payment in full, in addition to any other amount payable under this Agreement, subject always to the maximum permitted by applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d45b16ec-38b1-412b-b8b1-3362a83c9c53","value":"defaultrate","type":"add","operator":"="}]},{"id":"ba5a0c30-6282-4dae-8450-5c474fdd50f6","order":43,"text":"the Borrower shall pay a late-payment charge of CAD $[Late fee amount] in respect of each payment that is in arrears, as liquidated compensation for the administrative costs of late collection and not as a penalty.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d45b16ec-38b1-412b-b8b1-3362a83c9c53","value":"flatfee","type":"add","operator":"="}]},{"id":"3829c69e-3abf-40d2-be2d-75727ad41ece","order":44,"text":"No additional late-payment interest or charge shall apply by reason only of late payment; however, nothing in this Article limits the Lender's other rights and remedies under this Agreement or at law in the event of default.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d45b16ec-38b1-412b-b8b1-3362a83c9c53","value":"none","type":"add","operator":"="}]},{"id":"83daa57b-ee2b-4b95-add5-eeed466e208c","order":45,"text":"9. SECURITY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b8e9f16c-e741-41f2-9cf8-2f19a1993156","value":"secured","type":"add","operator":"="}],"marginTop":"14","sectionNum":"S09"},{"id":"3a418525-bb7c-48a2-8f00-232d8cbeef9b","order":46,"text":"As continuing security for the due payment and performance of all obligations of the Borrower under this Agreement, the Borrower hereby grants to the Lender a security interest in the following property (the \"Collateral\"): [Description of the collateral].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b8e9f16c-e741-41f2-9cf8-2f19a1993156","value":"secured","type":"add","operator":"="}]},{"id":"e9828f71-6de2-495c-97f0-7dad01cd64e0","order":47,"text":"The Borrower represents that it is the owner of the Collateral free of any competing security interest, and shall not sell, encumber or otherwise dispose of the Collateral without the prior written consent of the Lender until all obligations under this Agreement have been satisfied in full. The Borrower shall, at the Lender's request, sign and deliver any further documents and do all things reasonably required to create, perfect and maintain the security interest, including registration under the applicable personal property security legislation. Upon repayment in full, the Lender shall release the security interest and provide any discharge reasonably requested by the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b8e9f16c-e741-41f2-9cf8-2f19a1993156","value":"secured","type":"add","operator":"="}]},{"id":"e692e6e6-0771-4db6-8edb-41e2ca6e28fa","order":48,"text":"10. EVENTS OF DEFAULT AND ACCELERATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S10"},{"id":"7d304957-d745-4822-9d5f-b9024cc32ecb","order":49,"text":"Each of the following constitutes an \"Event of Default\" under this Agreement: (i) the Borrower fails to pay any amount when due and such failure continues beyond any applicable grace period; (ii) the Borrower breaches any other material obligation under this Agreement and fails to remedy the breach within fifteen (15) days after written notice; (iii) the Borrower becomes insolvent, makes an assignment for the benefit of creditors, or a bankruptcy or insolvency proceeding is commenced by or against the Borrower; (iv) any representation made by the Borrower in this Agreement proves to have been materially false when made; or (v) the Borrower dies or becomes legally incapable and the obligations are not promptly assumed by the estate or legal representative.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a742aee4-1689-4add-9c4b-cbe3d9b39ae0","order":50,"text":"Upon the occurrence of an Event of Default that is continuing, the Lender may, by written notice to the Borrower, declare the entire outstanding Principal, together with all accrued interest and other amounts payable under this Agreement, to be immediately due and payable, whereupon the same shall become immediately due and payable without further demand. The Lender may then exercise any and all rights and remedies available at law or in equity, including realization upon any security granted under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5ddd2d7d-b311-4d2d-a9e8-0bc30d3f9768","order":51,"text":"11. SET-OFF","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S11"},{"id":"0fa3d983-bf04-4eff-92fd-caa6d93c3cc8","order":52,"text":"The Lender may, upon an Event of Default that is continuing, set off and apply any amount owing by the Lender to the Borrower against any amount owing by the Borrower to the Lender under this Agreement. The Borrower's obligations under this Agreement shall be paid in full without any set-off, deduction or counterclaim, except as required by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8ebb5f1f-ffa6-44c3-b3f9-3c34710845b9","order":53,"text":"12. PROMISSORY NOTE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S12"},{"id":"64e613bf-dab4-4090-a90f-094134fb862f","order":54,"text":"FOR VALUE RECEIVED, the Borrower hereby unconditionally promises to pay to the order of the Lender the Principal sum of CAD $[Principal amount], together with interest and all other amounts payable in accordance with this Agreement. This Article constitutes a promissory note and evidences the Borrower's absolute and unconditional obligation to pay; it shall be read together with, and governed by, the terms of this Agreement. The Borrower waives presentment, demand for payment, protest and notice of dishonour, except as expressly required by this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bca24cf8-6dac-49b0-9769-4a75ebaff07c","order":55,"text":"13. GUARANTEE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}],"marginTop":"14","sectionNum":"S13"},{"id":"1dd8549c-c539-48e6-b688-33ada9828941","order":56,"text":"In consideration of the Lender making the loan to the Borrower, the Guarantor, [Full name of the Guarantor], hereby unconditionally and irrevocably guarantees to the Lender the due and punctual payment of all amounts owing by the Borrower under this Agreement and the performance of all of the Borrower's obligations (the \"Guaranteed Obligations\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]},{"id":"2f1e408f-d9e4-40c9-b340-a5f399d982a0","order":57,"text":"This is a guarantee of payment and not merely of collection. The Lender may require the Guarantor to pay or perform the Guaranteed Obligations upon default by the Borrower without first proceeding against the Borrower, exhausting any security, or pursuing any other remedy. The Guarantor's liability is continuing and shall not be discharged or affected by any indulgence, time, waiver, variation of terms, or release of any security granted to the Lender. The Guarantor waives all defences of a surety to the extent permitted by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]},{"id":"1a0d9551-afe1-4cb1-a353-0cad9883cf60","order":58,"text":"14. REPRESENTATIONS AND COVENANTS OF THE BORROWER","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S14"},{"id":"afd251b4-263e-466a-90c1-7239679d15d9","order":59,"text":"The Borrower represents, warrants and covenants that: (i) it has full legal capacity and authority to enter into and perform this Agreement; (ii) this Agreement constitutes a legal, valid and binding obligation enforceable against the Borrower in accordance with its terms; (iii) the borrowing does not breach any other agreement or obligation binding on the Borrower; and (iv) the Borrower shall promptly notify the Lender in writing of any change of address or of any circumstance materially affecting its ability to repay.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"428553ad-5078-4c77-950c-f6e1b49a4a86","order":60,"text":"15. JOINT AND SEVERAL LIABILITY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"2","type":"add","operator":"="}],"marginTop":"14","sectionNum":"S15"},{"id":"99be90ed-2a97-4683-9ca5-84e83eda5a1d","order":61,"text":"Where the Borrower comprises two persons, their obligations and liabilities under this Agreement are joint and several. The Lender may enforce this Agreement against either or both of them, for the whole of the obligations, without first proceeding against the other. A release, indulgence or settlement granted to one does not release the other except to the extent of any payment actually received by the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"2","type":"add","operator":"="}]},{"id":"662b4dd9-505e-47ab-9435-7772b1a3e072","order":62,"text":"16. COSTS AND EXPENSES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S16"},{"id":"fb9e4584-8220-4596-80bb-61757686d653","order":63,"text":"The Borrower shall pay, on demand, all reasonable costs and expenses (including reasonable legal fees on a full-indemnity basis to the extent permitted by applicable law) incurred by the Lender in enforcing or preserving its rights under this Agreement or in collecting any amount payable following an Event of Default.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"309013b1-7dde-4b04-bb14-8bd94748ae77","order":64,"text":"17. FORCE MAJEURE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S17"},{"id":"0e277cb2-e197-434a-8f00-d546195ccf10","order":65,"text":"Neither Party is liable for any failure or delay in performing a non-monetary obligation under this Agreement caused by an event beyond its reasonable control, including acts of God, natural disaster, epidemic, war, civil unrest, or governmental restriction. For greater certainty, force majeure does not relieve the Borrower of its obligation to pay any amount due under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5c5e8c1b-9371-4e77-aa03-81e73efb3f9f","order":66,"text":"18. DISCLOSURE OF THE COST OF BORROWING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91beb2a9-b9fd-4456-89da-139cf3f787ee","value":"interest","type":"add","operator":"="}],"marginTop":"14","sectionNum":"S18"},{"id":"25070f42-e44b-4487-a6fa-7fe4f280a5c1","order":67,"text":"The Lender and the Borrower acknowledge that the cost of borrowing under this Agreement is set out in the Article entitled \"INTEREST\", together with any charges described in the Article entitled \"LATE PAYMENT\". The Borrower acknowledges having been given the opportunity to review and understand the annual interest rate, the manner in which interest is calculated, and the total cost of the loan, and the Parties intend this Agreement to comply with the cost-of-borrowing disclosure requirements of the applicable provincial or territorial consumer-protection legislation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"91beb2a9-b9fd-4456-89da-139cf3f787ee","value":"interest","type":"add","operator":"="}]},{"id":"0efeb7c5-5f3f-41ba-a8c2-55e28339b965","order":68,"text":"19. INDEPENDENT LEGAL ADVICE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S19"},{"id":"d95d8f1e-3c7c-451a-a09c-ae8cd12cb823","order":69,"text":"Each Party acknowledges that it has entered into this Agreement voluntarily and that it has been advised of its right to obtain independent legal advice before signing, and has either obtained such advice or has knowingly waived the opportunity to do so. Each Party confirms that it understands the nature and consequences of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"caf69fe2-13ba-4179-881f-e8779ab93fae","order":70,"text":"The Guarantor specifically acknowledges that the Guarantor has been advised to obtain independent legal advice with respect to the Guarantee, has had a full opportunity to do so, understands that the Guarantor may be required to pay the entire indebtedness of the Borrower, and is providing the Guarantee freely and without undue influence or duress.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]},{"id":"9d868d30-dab9-4986-96cd-1096d3dbb5ce","order":71,"text":"20. PERSONAL INFORMATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S20"},{"id":"eeac213d-c992-47d4-9c84-01a849b3194a","order":72,"text":"Each Party consents to the collection, use and disclosure by the other Party of personal information contained in or arising under this Agreement, to the extent necessary to perform, administer and enforce this Agreement, in accordance with the Personal Information Protection and Electronic Documents Act (Canada) and any applicable provincial privacy legislation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6acca817-63a4-49c8-bf17-170fafac9b23","order":73,"text":"21. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S21"},{"id":"09515bdd-e3d2-4885-ba6e-7c8ebb792fa1","order":74,"text":"Any notice or demand under this Agreement must be in writing and delivered personally, sent by prepaid registered mail, or sent by email to the address of the recipient set out in this Agreement (or to such other address as a Party may designate by notice). A notice is deemed received: if delivered personally, on the day of delivery; if sent by registered mail, on the fifth (5th) Business Day after mailing; and if sent by email, on the next Business Day after transmission, absent evidence of non-delivery.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8d0adc01-c2ca-40ed-9fa6-6bc81ea3207b","order":75,"text":"22. GENERAL PROVISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S22"},{"id":"3824cc3e-2d25-40e5-9509-2bb67a1433e2","order":76,"text":"Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to its subject matter and supersedes all prior negotiations and understandings, whether oral or written.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c99f0888-fd74-4fed-8004-deb92d9c63c4","order":77,"text":"Amendment and Waiver. No amendment to this Agreement is effective unless made in writing and signed by the Parties. No failure or delay by the Lender in exercising any right operates as a waiver of that right, and no single or partial exercise precludes any further exercise.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0a37a7c6-5926-42d3-b224-13da0e99a82e","order":78,"text":"Severability. If any provision of this Agreement is held to be invalid or unenforceable, that provision shall be severed and the remaining provisions shall continue in full force and effect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6e2c63ae-eb1c-4b7f-b2d4-4115f334769b","order":79,"text":"Assignment. The Borrower may not assign its obligations under this Agreement without the prior written consent of the Lender. The Lender may assign its rights under this Agreement, in which case this Agreement enures to the benefit of the Lender's assignee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"52192950-f7a9-4f04-9833-2e750fe3cf75","order":80,"text":"Successors. This Agreement is binding upon and enures to the benefit of the Parties and their respective heirs, estates, legal representatives, successors and permitted assigns.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"594dc86f-5a96-423d-be51-7f1a1a516ea1","order":81,"text":"Further Assurances. Each Party shall sign and deliver all further documents and do all further acts reasonably required to give effect to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c6cd86a3-859b-4b9e-ae2e-b5a6e9b0661f","order":82,"text":"Survival. The provisions of this Agreement that by their nature should survive repayment or termination, including those relating to costs, indemnities and set-off, shall so survive.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6254a948-0e00-4797-8a3b-027c92db3b40","order":83,"text":"Currency and Judgment. All amounts are payable in Canadian dollars. If a judgment is expressed in another currency, the Borrower shall indemnify the Lender against any shortfall arising from currency conversion.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"81550f85-b1c2-46a0-82ef-c75cab3a81df","order":84,"text":"Time of the Essence. Time is of the essence of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a037a066-9e35-4605-8a37-67492eeace64","order":85,"text":"Counterparts. This Agreement may be executed in counterparts and by electronic signature, each of which is deemed an original and all of which together constitute one and the same instrument.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5ca3e03b-1617-4201-9eb7-0407d813e71b","order":86,"text":"23. GOVERNING LAW AND DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"14","sectionNum":"S23"},{"id":"c83fdc3e-2890-4412-8b63-0dae1ddaeeac","order":87,"text":"This Agreement is governed by and construed in accordance with the laws of the Province/Territory of [Province or territory] and the federal laws of Canada applicable therein.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e47232ea-85df-42ce-856d-cce3008e3ef2","order":88,"text":"The Parties irrevocably attorn to the exclusive jurisdiction of the courts of the Province/Territory of [Province or territory] for the resolution of any dispute arising out of or in connection with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"409a28b2-15ab-4b58-a1d4-e4a76b840a56","value":"courts","type":"add","operator":"="}]},{"id":"9d549eaf-c09d-4e08-aadb-63c7a931428b","order":89,"text":"Any dispute arising out of or in connection with this Agreement shall be finally resolved by arbitration administered in the Province/Territory of [Province or territory] by a single arbitrator in accordance with the applicable provincial arbitration legislation. The decision of the arbitrator shall be final and binding on the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"409a28b2-15ab-4b58-a1d4-e4a76b840a56","value":"arbitration","type":"add","operator":"="}]},{"id":"affa005d-a60b-44a5-bf59-5bdd48dad51f","order":90,"text":"The Parties shall first attempt in good faith to resolve any dispute arising out of or in connection with this Agreement by mediation. If the dispute is not resolved within thirty (30) days of a written request to mediate, it shall be finally resolved by arbitration before a single arbitrator in the Province/Territory of [Province or territory], whose decision shall be final and binding.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"409a28b2-15ab-4b58-a1d4-e4a76b840a56","value":"mediation_arb","type":"add","operator":"="}]},{"id":"af5b866d-87ea-42d8-a7ca-80d7f485d9a7","order":91,"text":"IN WITNESS WHEREOF, the Parties have executed this Agreement at [City] on [Date of execution].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"marginTop":"14"},{"id":"c5b05b09-362c-4d85-a635-acdec643a62c","order":92,"text":"___________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"0","cflou":false,"active":true,"marginTop":"20"},{"id":"c1d8cf0a-c524-4615-85ee-93c4efca8fa1","order":93,"text":"[Full name of the Lender], Lender","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"cec1fa32-d2a9-4792-b907-46f93c39c69c","order":94,"text":"Witness: ___________________________ Date: ______________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"c7bd5e6a-fd30-4d98-9c0f-9d8e2310822e","order":95,"text":"___________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"0","cflou":false,"active":true,"marginTop":"10"},{"id":"1aa4c637-b7ec-43e8-b356-68d3f6e3cde4","order":96,"text":"[Full name of the Borrower], Borrower","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"2","type":"remove","operator":"="}]},{"id":"3feeac04-c2b1-483a-93aa-259f28a3d295","order":97,"text":"[Full name of the first Borrower], Borrower","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"1","type":"remove","operator":"="}]},{"id":"a203ed85-ec55-4e3c-9fdd-616a3302fc49","order":98,"text":"Witness: ___________________________ Date: ______________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"2b5cb16a-77bc-449c-9365-c82b3e38f013","order":99,"text":"___________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"0","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"1","type":"remove","operator":"="}],"marginTop":"10"},{"id":"2919964d-1add-474c-9314-a7ea2a5847d4","order":100,"text":"[Full name of the second Borrower], Borrower","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"1","type":"remove","operator":"="}]},{"id":"caf8a38b-22ec-446a-9b95-733a3a952292","order":101,"text":"Witness: ___________________________ Date: ______________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"6c49bc7e-dadc-400f-8e25-b98f66ea8c1c","value":"1","type":"remove","operator":"="}]},{"id":"e9098052-fbeb-4fc2-ab26-fecd8d64bfdf","order":102,"text":"___________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"0","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}],"marginTop":"10"},{"id":"2757a1d3-4df0-49ad-8ea3-27e32f3a6a42","order":103,"text":"[Full name of the Guarantor], Guarantor","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]},{"id":"4a398b63-581d-4e13-8209-33383f3f206b","order":104,"text":"Witness: ___________________________ Date: ______________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"e2a158fb-ab78-4e54-8566-74a080e0c3e7","value":"yes","type":"add","operator":"="}]}]