Snippet Name: Loan_Agreement_Draft

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Created Date: 2025-06-16 13:12:40
Last Modified Date: 2025-05-31 10:32:01

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Title: Loan Agreement Draft
Author: user
[File]: file-3Y8zTfDGc8bhX7MfrkEL9c-image.png

Author: ChatGPT
{"name": "loan_contract_killer_bees", "type": "document", "content": "**Loan Agreement**\n\nThis Loan Agreement (\"Agreement\") is made and entered into on this ___ day of ____________, 20___, by and between:\n\n**Lender:** [Your Full Legal Name and Address] (\"Lender\"), and\n\n**Borrower:** Killer Bees South Florida LLC (\"Borrower\"), located at 5272 N University DR, Lauderhill, FL 33322.\n\n**Recitals:**\nWHEREAS, the Lender agrees to lend the Borrower a sum of $16,000.00 (sixteen thousand dollars) under the terms and conditions set forth herein; and\n\nWHEREAS, the Borrower agrees to repay the loan amount with interest as provided in this Agreement.\n\nNOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:\n\n---\n\n### 1. **Loan Amount and Purpose**\n1.1. The Lender agrees to lend the Borrower the principal sum of $16,000.00 (\"Loan Amount\").\n\n1.2. The Loan Amount shall be used by the Borrower for business purposes.\n\n---\n\n### 2. **Interest Rate**\n2.1. The Loan Amount shall accrue interest at the rate of 3.9% per annum (\"Interest Rate\") over the term of this Agreement.\n\n---\n\n### 3. **Repayment Terms**\n3.1. The Borrower shall repay the Loan Amount, together with accrued interest, in 36 equal monthly installments.\n\n3.2. Each installment shall be due on the ___ day of each month, beginning on ____________, 20___.\n\n3.3. The monthly installment amount shall be $__________ (calculated based on the Loan Amount, Interest Rate, and Loan Term).\n\n3.4. Payments shall be made to the Lender at the address specified above or to another location designated in writing by the Lender.\n\n---\n\n### 4. **Prepayment**\n4.1. The Borrower may prepay all or part of the Loan Amount at any time without penalty. Any prepayment shall first be applied to accrued interest and then to the principal balance.\n\n---\n\n### 5. **Default**\n5.1. The Borrower shall be in default under this Agreement if any of the following events occur:\n  a. Failure to make a payment when due and such failure continues for a period of 10 days after written notice from the Lender.\n  b. Borrower\u2019s insolvency or inability to pay its debts as they become due.\n\n5.2. Upon default, the Lender may declare the entire Loan Amount, together with accrued interest, immediately due and payable.\n\n---\n\n### 6. **Representations and Warranties**\n6.1. The Borrower represents and warrants that:\n  a. It is a duly organized and validly existing company in good standing under the laws of the State of Florida.\n  b. The execution, delivery, and performance of this Agreement have been duly authorized by the Borrower.\n\n---\n\n### 7. **Governing Law**\n7.1. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.\n\n---\n\n### 8. **Entire Agreement**\n8.1. This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements.\n\n---\n\n### 9. **Amendments**\n9.1. This Agreement may be amended only by a written instrument signed by both parties.\n\n---\n\n### 10. **Signatures**\nIN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.\n\n**Lender:**\n\nSignature: __________________________  \nName: __________________________  \nDate: __________________________  \n\n**Borrower:**\n\nKiller Bees South Florida LLC  \n\nSignature: __________________________  \nName: __________________________  \nTitle: __________________________  \nDate: __________________________"}

Author: ChatGPT
{"result": "Successfully created text document 'loan_contract_killer_bees' which will be referenced in all future messages with the unique identifier textdoc_id: '676c7e027f748191ba72c47058a0deb4'", "textdoc_id": "676c7e027f748191ba72c47058a0deb4", "name": "loan_contract_killer_bees"}

Author: ChatGPT
The loan agreement has been drafted and is ready for your review. Let me know if you need any adjustments or additional details included.