[{"id":"02cb02c9-934c-4a68-9269-f737874f745b","order":1,"text":"PERSONAL LOAN REPAYMENT AGREEMENT","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"6473e8c1-cfe2-44c8-9f0d-33c2a81a2cfa","order":2,"text":"(Promissory Note and Repayment Terms)","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true},{"id":"c440ded2-2a20-4eb4-bf74-cd8160293013","order":3,"text":"BETWEEN THE FOLLOWING PARTIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5186544c-00f1-4c8b-800a-4eebfb3ef6f5","order":4,"text":"THE LENDER:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"2","cflou":false,"active":true},{"id":"3011a3c4-60c2-46f9-aa1d-ac364ce172f6","order":5,"text":"[Lender full legal name], an individual residing at [Lender full mailing address] (the "Lender");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"3cd13402-de18-4214-965f-36fa2ee41e4e","order":6,"text":"THE BORROWER:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"2","cflou":false,"active":true},{"id":"0f9001b7-55b2-4cb4-9a33-6ba25147cc04","order":7,"text":"[Borrower full legal name], an individual residing at [Borrower full mailing address] (the "Borrower");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"39d00bc3-049c-43fb-ba4a-016108724cf2","order":8,"text":"THE GUARANTOR:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"2","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"4cc58650-8802-469f-954e-a897c7e2784b","order":9,"text":"[Guarantor full legal name], an individual residing at [Guarantor full mailing address] (the "Guarantor"), who intervenes to guarantee the obligations of the Borrower under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"46190ff7-d359-4610-9ccb-b55edc71ffa5","order":10,"text":"The Lender and the Borrower are 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":"68fa9d50-3701-49ce-9d2a-393d1fed5140","order":11,"text":"RECITALS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"67b81ea4-10da-4ae8-8eb9-7c2721a62faf","order":12,"text":"WHEREAS the Lender has agreed to advance a sum of money to the Borrower by way of a personal loan;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"2364be9a-d99c-4b56-a7ba-b1f0ef3dd7c9","order":13,"text":"WHEREAS the Borrower has agreed to repay that sum, together with any interest, in accordance with the terms and conditions set out below;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"39b4f705-0362-4bf6-bed6-4d066529f4b7","order":14,"text":"WHEREAS the Parties wish to record their agreement in writing;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a68f1af6-11dd-4a2b-ac60-0b23c69944d8","order":15,"text":"NOW THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement, 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":"661eb4a5-733b-48b8-8ace-1906976c1e2b","order":16,"text":"1. LOAN AMOUNT AND ADVANCE","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S01"},{"id":"71f6072f-466d-41de-aaee-76fed2e897b0","order":17,"text":"The Lender agrees to lend to the Borrower the principal sum of CAD $[Principal amount] (the "Principal"). The Principal shall be advanced to the Borrower on [Advance date] by [method]. The Borrower acknowledges receipt of the Principal upon the said advance.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"f3ab9adb-bd2e-4b3a-9a0b-a709cfd8472b","order":18,"text":"2. INTEREST","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S02"},{"id":"7e2daa06-d614-43ce-bafb-bcdbe7435c70","order":19,"text":"The outstanding balance of the Principal shall bear interest at the rate of [Annual interest rate]% per year (the "Interest Rate"), calculated [compounding basis] and not in advance, from the date of the advance until repayment in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"16eb6583-c485-4d5d-88cb-ef056a6b48d2","value":"1","type":"add","operator":"="}]},{"id":"dd402e2b-d9c1-4341-ad9c-a360184cd84e","order":20,"text":"For the purposes of section 4 of the Interest Act (Canada), the Parties agree that where any interest under this Agreement is expressed or calculated by reference to a period of less than one year, the equivalent yearly rate of interest is obtained by multiplying the rate for that shorter period by the number of such periods in a calendar year (365 or 366 days, as applicable), and that this Agreement contains an express statement of the equivalent yearly rate accordingly. The Interest Rate stated above is itself an annual rate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"16eb6583-c485-4d5d-88cb-ef056a6b48d2","value":"1","type":"add","operator":"="}]},{"id":"3780b517-8038-46d0-ad06-26fd50550ad7","order":21,"text":"Notwithstanding any other provision of this Agreement, in no event shall the aggregate of all amounts that constitute interest under section 347 of the Criminal Code (Canada) exceed the annual percentage rate permitted by that section, as amended from time to time (as at the date of this Agreement, an annual percentage rate not exceeding thirty-five percent (35%) on the credit advanced, calculated in accordance with generally accepted actuarial practices and principles). If any such amount would otherwise exceed that limit, the amount payable shall be reduced to the maximum amount permitted by law, and any amount received by the Lender in excess of that limit shall be applied to the reduction of the Principal or, if the Principal has been repaid in full, shall be refunded to the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"769c1907-2e02-43f2-97b9-9d984e728d07","order":22,"text":"The Principal shall be repaid free of interest. No interest shall accrue on the outstanding balance of the Principal, save for interest on overdue amounts as expressly provided under the Article entitled "Default" below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"16eb6583-c485-4d5d-88cb-ef056a6b48d2","value":"0","type":"add","operator":"="}]},{"id":"a3f680d1-e3d3-4554-b897-456297856c0a","order":23,"text":"The obligation to pay interest under this Agreement shall not merge in, and shall survive, any judgment obtained by the Lender; interest shall continue to accrue on any amount owing, both before and after any such judgment, until payment in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"15fbb0ef-b3e1-47ea-a302-edc8ef1d57c3","order":24,"text":"3. REPAYMENT","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S03"},{"id":"436ae020-0e38-45a6-ad8c-1523db843995","order":25,"text":"The Borrower shall repay the entire balance of the Principal, together with any interest accrued under this Agreement, in a single lump-sum payment on [Repayment date] (the "Maturity Date").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"9e74c0ad-3c9c-4fe6-b5b1-8fb1bed6da5d","value":"lump","type":"add","operator":"="}]},{"id":"58452873-d82c-4113-8977-6cbd5db0b212","order":26,"text":"The Borrower shall repay the Principal, together with any interest accrued under this Agreement, by [number] consecutive [frequency] instalments of CAD $[Instalment amount] each. The first instalment shall be due on [First instalment date], and each subsequent instalment shall be due on the same day of each successive period thereafter until the Principal and any interest have been repaid in full (the date of the final instalment being the "Maturity Date").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"9e74c0ad-3c9c-4fe6-b5b1-8fb1bed6da5d","value":"instal","type":"add","operator":"="}]},{"id":"555095b3-8651-49d5-9dd8-6389ef9ef4a6","order":27,"text":"All payments shall be made in Canadian dollars, without set-off or deduction, by [Payment method] to the Lender at the address set out above or at such other place as the Lender may designate in writing. A schedule of payments is set out in Schedule "A" to this Agreement, which forms an integral part hereof.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"19c9a789-79b3-4fcf-9b56-0a8fceccbca2","order":28,"text":"Unless otherwise agreed in writing, each payment shall be applied first to any accrued and unpaid interest, then to any costs and charges payable under this Agreement, and finally to the reduction of the Principal.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"5a3e1166-7a26-4320-aef7-bd9376a8e1f9","order":29,"text":"4. PREPAYMENT","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S04"},{"id":"2b48a0f7-9bee-496e-bdc8-0cccc6d44dd3","order":30,"text":"The Borrower may prepay all or any part of the outstanding Principal at any time, in whole or in part, without notice, bonus or penalty. Any partial prepayment shall be applied to the outstanding Principal and shall not relieve the Borrower of the obligation to continue making scheduled payments as they fall due, unless the loan is thereby repaid in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"2966c273-2d39-40f4-8776-e382425ab1c1","value":"1","type":"add","operator":"="}]},{"id":"ef245e3f-c5c2-406d-9c9a-a4176a24bb03","order":31,"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. Where the Lender consents to a prepayment, the Borrower shall, together with the amount prepaid, pay all interest accrued to the date of prepayment on the amount so prepaid.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"2966c273-2d39-40f4-8776-e382425ab1c1","value":"0","type":"add","operator":"="}]},{"id":"f422af2c-14f9-4e70-8c72-3681eb35d391","order":32,"text":"5. SECURITY","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S05"},{"id":"53e61be5-a5af-45e0-90d4-22cb322dc80a","order":33,"text":"As security for the due performance of the Borrower's obligations under this Agreement, the Borrower hereby grants to the Lender a security interest (or, in the Province of Quebec, a movable hypothec) in the following property: [Description of secured property] (the "Collateral"). The Borrower shall, upon request, execute and deliver any further documents and take any further steps reasonably required to create, perfect and maintain the said security interest or hypothec under the personal property security legislation or the Civil Code of Québec applicable in the governing Province, at the Borrower's expense.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"174a0a19-60b9-4965-9c38-b149a59ccfb0","value":"1","type":"add","operator":"="}]},{"id":"06e12091-f9cb-47b1-98c4-ed429db9f67e","order":34,"text":"So long as any amount remains owing under this Agreement, the Borrower shall: (a) keep the Collateral in good condition and repair; (b) keep the Collateral insured against loss or damage for its full insurable value, with the Lender named as loss payee where applicable; (c) not sell, transfer, lease or otherwise dispose of the Collateral without the prior written consent of the Lender; and (d) not grant or permit any further charge, lien, hypothec or security interest over the Collateral ranking in priority to or equally with the Lender's security, without the prior written consent of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"174a0a19-60b9-4965-9c38-b149a59ccfb0","value":"1","type":"add","operator":"="}]},{"id":"250f3b89-fedf-46dc-9bcc-f6f3bddbee6d","order":35,"text":"If the Borrower fails to perform its obligations under this Agreement and that failure constitutes an event of default under the Article entitled "Default" and remains uncured, the Lender may realize upon the Collateral and exercise all rights and remedies available to a secured party under applicable law, in addition to any other remedy under this Agreement. All costs of registering, perfecting, maintaining and realizing upon the security shall be payable by the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"174a0a19-60b9-4965-9c38-b149a59ccfb0","value":"1","type":"add","operator":"="}]},{"id":"22616bd7-565c-4acf-a377-56e63ce411e9","order":36,"text":"This loan is unsecured. The Borrower's obligations under this Agreement are not secured by any charge, pledge, hypothec or security interest over any property of the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"174a0a19-60b9-4965-9c38-b149a59ccfb0","value":"0","type":"add","operator":"="}]},{"id":"6f16a616-5520-4200-bb7c-676d552705fa","order":37,"text":"6. GUARANTEE","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S06","displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"3baf3019-2f49-4a57-8dbb-d0bd68aaf863","order":38,"text":"In consideration of the Lender advancing the Principal to the Borrower, the Guarantor hereby unconditionally and irrevocably guarantees to the Lender the full and punctual payment and performance of all obligations of the Borrower under this Agreement. The guarantee is a continuing guarantee of payment and not merely of collection, and shall remain in full force and effect until all obligations of the Borrower have been irrevocably discharged in full. The Lender shall not be required to make demand on the Borrower, or to exhaust its recourse against the Borrower or any security, before proceeding against the Guarantor. The Guarantor's liability shall not be affected by any indulgence, waiver, amendment or extension of time granted to the Borrower, by any change in the Borrower's circumstances, or by any invalidity, irregularity or unenforceability of any obligation of the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"3c90f9c7-e20d-42c5-b714-c4b44a30665b","order":39,"text":"As a separate and independent obligation, the Guarantor agrees to indemnify the Lender against any loss suffered by the Lender as a result of any obligation of the Borrower guaranteed by the Guarantor being or becoming unenforceable, invalid or void, so that the Guarantor is liable as if it were the principal debtor. The Guarantor's obligations bind the Guarantor's estate, heirs, executors, administrators and successors.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"4482f8c0-2985-4fae-9470-3aeba1c67de2","order":40,"text":"The Guarantor acknowledges having received a copy of this Agreement, having had the opportunity to obtain independent legal advice before signing, and entering into this guarantee freely and without duress.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"3bf0da66-28b8-479f-aee5-49ca91aec574","order":41,"text":"7. DEFAULT","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S07"},{"id":"88550b92-a7bd-4c3b-97bc-72d1a44327d6","order":42,"text":"Each of the following constitutes an event of default (an "Event of Default"):","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"52ea7b59-f573-47f6-9cde-b7ab0da9c99c","order":43,"text":"(a) the Borrower fails to make any payment when due under this Agreement and such failure continues for [number] days after the due date;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"8bd33a64-a19b-4923-87e3-92cd0a22749c","order":44,"text":"(b) the Borrower breaches any other material obligation under this Agreement (including, where the loan is secured, any obligation relating to the secured property) and fails to remedy the breach within a reasonable time after written notice;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"15c62839-e04d-4abc-a324-95ee4ad770c4","order":45,"text":"(c) the Borrower becomes insolvent, makes an assignment for the benefit of creditors, or is the subject of any bankruptcy or insolvency proceeding;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"6a12a0e9-dfd0-4630-9bc4-5c74aeba5799","order":46,"text":"(d) any representation made by the Borrower in this Agreement proves to have been materially untrue when made; or","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"1874dcdd-dc5b-4c40-9ee6-9c1adad9c46f","order":47,"text":"(e) the Borrower dies or becomes legally incapable, and the Lender, acting reasonably, considers that repayment of the loan is thereby placed at risk.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"61f7c353-029c-4ec6-ae41-e7eb5b445d62","order":48,"text":"Upon the occurrence of an Event of Default that remains uncured, the Lender may, by written notice to the Borrower, declare the entire outstanding balance of the Principal, together with any accrued interest and any other amounts owing, to be immediately due and payable, whereupon the same shall become immediately due and payable without further demand.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"852c6b1e-7e74-4f96-9a17-25ac47642c5b","order":49,"text":"In addition, upon an Event of Default the Lender may, without notice, set off and apply any amount owing by the Lender to the Borrower against any amount owing by the Borrower under this Agreement. The remedies of the Lender are cumulative and not alternative, and no exercise of any remedy precludes the exercise of any other.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4045ee62-22f7-412c-a10b-de8b659a88d1","order":50,"text":"Any amount that is overdue shall bear interest, both before and after default, demand and judgment, at the rate of [Default interest rate]% per year, calculated daily and compounded monthly, from the date the amount became due until payment in full, subject always to the limit set out in the Article entitled "Interest" relating to section 347 of the Criminal Code (Canada).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"d3779cbe-9ce5-41f9-b46e-1343b3b938ea","order":51,"text":"8. COSTS OF ENFORCEMENT","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S08"},{"id":"08700eca-a3c6-439b-80e7-acdab6f31e51","order":52,"text":"The Borrower shall pay to the Lender, on demand, all reasonable costs and expenses (including reasonable legal fees on a solicitor-and-client basis) incurred by the Lender in enforcing or attempting to enforce this Agreement or in collecting any amount owing hereunder, to the extent permitted by law and subject to the interest limit set out above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"6580a49a-12f6-4e7d-bbbe-1439810929ae","order":53,"text":"9. REPRESENTATIONS AND WARRANTIES","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S09"},{"id":"55224c64-67f9-454c-8c85-f2dad5eb56b5","order":54,"text":"The Borrower represents and warrants to the Lender that: (a) the Borrower has attained the age of majority in the governing Province and has full capacity and authority to enter into and perform this Agreement; (b) this Agreement constitutes a valid and binding obligation of the Borrower, enforceable in accordance with its terms; (c) the entering into of this Agreement does not breach any other agreement or obligation binding on the Borrower; and (d) the Borrower is not insolvent and is not the subject of any bankruptcy or insolvency proceeding as at the date of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"5029b949-7e05-4ce1-9b63-e32387354b89","order":55,"text":"10. JOINT AND SEVERAL LIABILITY","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S10"},{"id":"3ca57714-81f1-44e2-bb7d-4e9108d2bcbb","order":56,"text":"Where more than one person is named as the Borrower, their obligations under this Agreement are joint and several, such that the Lender may claim the full amount owing from any one or more of them.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"b176c5b3-799b-48f9-aabb-004483c0c5b5","order":57,"text":"11. ASSIGNMENT","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S11"},{"id":"9f4f67bc-df62-4713-ae9d-5e4bd47d7f09","order":58,"text":"The Lender may assign its rights under this Agreement, in whole or in part, to any person, and the Borrower shall, upon notice of any such assignment, make payment to the assignee. The Borrower may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"0998a716-a178-486b-847c-03db609b2730","order":59,"text":"12. SUCCESSORS, HEIRS AND ASSIGNS","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S12"},{"id":"8775ce0d-c993-4441-a66d-5150a2f4a445","order":60,"text":"This Agreement enures to the benefit of and is binding upon the Parties and their respective heirs, estates, executors, administrators, legal representatives, successors and permitted assigns. The death or incapacity of the Borrower shall not discharge the obligations under this Agreement, which shall remain enforceable against the Borrower's estate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"a61845fb-ee96-4407-bc45-d49e39808f98","order":61,"text":"13. FURTHER ASSURANCES","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S13"},{"id":"7b4fd124-0e3c-480f-b688-a2cb2701952c","order":62,"text":"Each Party shall, at the request of the other, execute and deliver such further documents and do such further acts and things as may reasonably be required to give full effect to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"61670002-c1df-40f1-aed9-1b4e014ff3d6","order":63,"text":"14. NOTICES","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S14"},{"id":"19724c80-b3ba-4e41-b46c-3541794abcd1","order":64,"text":"Any notice under this Agreement shall be in writing and shall be sufficiently given if delivered personally, sent by prepaid registered mail, or sent by courier to the address of the Party set out at the head of this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"e1f904b4-f19e-45d5-8a5c-dc122c532eb2","order":65,"text":"Notices may also be validly given by electronic mail to the following addresses: to the Lender at [Lender email] and to the Borrower at [Borrower email]. A notice sent by electronic mail is deemed received on the next business day following transmission, absent evidence of non-delivery.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"7ac9dbf6-8c77-4e48-a145-8219d06c293c","value":"1","type":"add","operator":"="}]},{"id":"023365a5-ca3e-4506-9578-bbd807be22fe","order":66,"text":"A notice sent by registered mail is deemed received on the fifth business day after mailing; a notice delivered personally or by courier is deemed received on the day of delivery. A Party may change its address for notice by giving written notice to the other Party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"a3dc41bd-f7bf-4d3d-8677-97c3ba70702d","order":67,"text":"15. GENERAL PROVISIONS","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S15"},{"id":"d13ab785-cab3-40a4-970d-edc6324415a6","order":68,"text":"This Agreement constitutes the entire agreement between the Parties with respect to its subject matter and supersedes all prior negotiations, representations and agreements, whether written or oral. No amendment to this Agreement is effective unless made in writing and signed by both Parties. No waiver of any provision of this Agreement is effective unless in writing, and no failure or delay by the Lender in exercising any right shall operate as a waiver of that right. If any provision of this Agreement is found 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":"8","cflou":false,"active":true},{"id":"b8d5f577-18e9-4c04-8f32-dd1e94e4ebf1","order":69,"text":"Each Party acknowledges that it has had the opportunity to obtain independent legal advice before signing this Agreement, has read and understood its terms, and enters into it freely. The Parties have expressly requested that this Agreement and all related documents be drawn up in the English language; les parties ont expressément demandé que la présente entente et tous les documents qui s'y rattachent soient rédigés en langue anglaise.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"8b55e0ed-d7a0-4937-9992-01ddab7dc371","order":70,"text":"16. GOVERNING LAW","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S16"},{"id":"d2f9baa0-b79f-487e-85a5-5417c65acff8","order":71,"text":"This Agreement is governed by and shall be construed in accordance with the laws of the Province of [Province] and the federal laws of Canada applicable therein. The Parties irrevocably attorn to the exclusive jurisdiction of the courts of that Province, subject to the dispute-resolution provisions below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"13c75ac8-41de-411d-b8e4-526cc58a4b5c","order":72,"text":"17. DISPUTE RESOLUTION","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S17"},{"id":"79dfca15-6c81-4749-994c-c61c84c3d69a","order":73,"text":"The Parties shall attempt in good faith to resolve any dispute arising out of or in connection with this Agreement by negotiation. If the dispute is not resolved within thirty (30) days, the Parties shall attempt to resolve it through mediation before a mutually acceptable mediator, the costs of which shall be shared equally. Failing resolution, either Party may bring proceedings before the courts referred to above. Nothing in this Article prevents a Party from seeking urgent injunctive relief.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"dbbbea3e-6d09-4c1d-a8f6-548743e1cbb5","order":74,"text":"18. 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EFFECTIVE DATE","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S19"},{"id":"d11e8f48-86dd-444c-935b-05b6ea015c12","order":77,"text":"This Agreement takes effect on the date on which it is last signed by a Party, or on the date the Principal is advanced, whichever is earlier.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"2ba21fb6-95b8-4f35-851d-372ecf13abe9","order":78,"text":"20. COUNTERPARTS AND ELECTRONIC SIGNATURE","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S20"},{"id":"f8ad4d43-f1b9-46ba-9d7b-9493360e21ee","order":79,"text":"This Agreement may be executed in counterparts, each of which is deemed an original and all of which together constitute one and the same agreement. This Agreement may be signed and delivered by electronic means, and an electronic signature is deemed to be an original signature for all purposes.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"d60c7ec7-6377-4782-859f-72449683b9a6","order":80,"text":"IN WITNESS WHEREOF the Parties have executed this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"53b92a0e-db28-4e01-9173-f003a5dab87e","order":81,"text":"Signed at [City], in the Province of [Province], on [Signing date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true},{"id":"6a942ad7-5258-4254-812a-8de2415c52d4","order":82,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true,"marginTop":"10"},{"id":"698b7b40-f029-49b8-b0b3-cdc9b2ae1da5","order":83,"text":"THE LENDER","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"2","cflou":false,"active":true},{"id":"38a88784-3350-4bfb-b8d8-63e69e70e212","order":84,"text":"[Lender full legal name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"5f4833a7-a832-4967-bc9e-688897f56661","order":85,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true},{"id":"dc81c0eb-1ddf-4d47-826d-3f3339cd5747","order":86,"text":"Witness (name and signature)","fontSize":"12","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"54a01920-9c3b-487f-8af5-3dc99082ab37","order":87,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true,"marginTop":"10"},{"id":"0085f24c-9c48-417d-9c91-7407409c7174","order":88,"text":"THE BORROWER","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"2","cflou":false,"active":true},{"id":"5616da15-1c01-453e-9e40-8884502fd0d8","order":89,"text":"[Borrower full legal name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"f693ae23-3b85-425e-872b-1a4c4ab0e2ae","order":90,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true},{"id":"cc4e4385-821f-4ca0-a409-ae4cadb99f0b","order":91,"text":"Witness (name and signature)","fontSize":"12","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"d8fa47a3-bdf5-4f66-a315-4657f29921ae","order":92,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true,"marginTop":"10","displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"6a1b01e0-97ff-4983-9cf0-3b96a652e1ea","order":93,"text":"THE GUARANTOR","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"2","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"93824f96-5966-42fa-a493-7d471ba3da93","order":94,"text":"[Guarantor full legal name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"a0952319-def8-45ad-b176-dfc64d6b427c","order":95,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"d60500c0-4ad3-4ab3-8b69-873104f56335","order":96,"text":"Witness (name and signature)","fontSize":"12","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"562348b2-1b57-4a27-94f4-9acd5f002b47","value":"1","type":"add","operator":"="}]},{"id":"760e4832-34a4-4b73-b6e3-e57fbeaf5a5c","order":97,"text":"SCHEDULE "A" — SCHEDULE OF PAYMENTS","fontSize":"15","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"20"},{"id":"cb8eece7-112d-4818-a46f-4437049a9c66","order":98,"text":"Principal advanced: CAD $[Principal amount]. Advance date: [Advance date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"ca0302b2-47b8-4649-bf1e-54d514ecda26","order":99,"text":"Instalments: [number] [frequency] payments of CAD $[Instalment amount] each, the first being due on [First instalment date]. The Maturity Date is the date of the final instalment.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"9e74c0ad-3c9c-4fe6-b5b1-8fb1bed6da5d","value":"instal","type":"add","operator":"="}]},{"id":"a591360f-0b3d-4f29-9fa5-40141f2d9f9b","order":100,"text":"Repayment: a single lump-sum payment of the full balance on the Maturity Date of [Maturity date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"9e74c0ad-3c9c-4fe6-b5b1-8fb1bed6da5d","value":"lump","type":"add","operator":"="}]},{"id":"41260baf-0219-4261-a531-50fccfe57d58","order":101,"text":"For the purposes of section 4 of the Interest Act (Canada), the equivalent yearly rate of interest applicable to the loan is the annual rate stipulated in the Article entitled "Interest", to which the Parties refer for the express statement of that rate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"16eb6583-c485-4d5d-88cb-ef056a6b48d2","value":"1","type":"add","operator":"="}]}]