**LOAN AND FINANCE AGREEMENT TERM SHEET** THIS AGREEMENT is made and entered into this ________ day of ________, 20______, by and between: **PARTY A** (hereinafter referred to as the "Lender"), a company incorporated under the laws of India and having its registered office at _____________, AND **PARTY B** (hereinafter referred to as the "Borrower"), a company incorporated under the laws of India and having its registered office at _____________, 1. **DEFINITIONS AND INTERPRETATIONS:** This clause will identify and define certain terms used throughout the agreement. 2. **LOAN AMOUNT:** The Lender agrees to lend to the Borrower, and the Borrower agrees to borrow from the Lender, the principal amount of ________ (the "Loan"). 3. **PURPOSE OF LOAN:** The loan shall be used for the purpose stated in the agreement. 4. **TERM OF LOAN:** The term of the loan will be clearly defined, including commencement and maturity dates. 5. **INTEREST RATE AND PAYMENT TERMS:** This will specify the interest rate and the repayment schedule of the loan. 6. **SECURITY:** The Borrower will provide security for the loan as specified in the agreement. 7. **REPRESENTATIONS AND WARRANTIES:** Both parties will make certain legal promises about their respective companies and their authority to enter into the agreement. 8. **COVENANTS:** This will include the obligations of both parties during the term of the loan. 9. **EVENTS OF DEFAULT:** The circumstances under which the loan can be declared immediately due and payable will be defined. 10. **REMEDIES:** This clause will detail the actions that the Lender can take if the Borrower defaults on the loan. 11. **FORCE MAJEURE:** This clause will cover situations where either party is unable to perform due to circumstances beyond their control. 12. **DISPUTE RESOLUTION:** This clause will define the method of resolving disputes, either through arbitration or court proceedings. 13. **GOVERNING LAW:** The law governing the agreement will be specified. 14. **NOTICES:** This clause will specify how notices under the agreement should be given and to whom. 15. **ASSIGNMENT:** This will state whether the rights and obligations under the agreement can be transferred to another party. 16. **WAIVER:** This will cover the circumstances where either party waives their rights under the agreement. 17. **SEVERABILITY:** This will state that if any part of the agreement is found to be unenforceable, the rest of the agreement will still remain in effect. 18. **AMENDMENTS:** This will state that any changes to the agreement must be in writing and signed by both parties. 19. **INDEMNITY:** This clause will cover the circumstances under which one party must compensate the other for any loss or damage. 20. **CONFIDENTIALITY:** Both parties will agree to keep the terms of the agreement confidential. 21. **ENTIRE AGREEMENT:** This will state that the agreement contains the entire understanding between the parties and supersedes all previous agreements. 22. **COUNTERPARTS:** This clause will state that the agreement can be signed in counterparts, each of which will be considered an original. 23. **COSTS:** This will cover who is responsible for the costs associated with the agreement, such as legal fees. 24. **TERMINATION:** This will state the circumstances under which the agreement can be terminated. 25. **DEFAULT INTEREST:** This will state the interest rate that applies if the Borrower defaults on the loan. 26. **REPAYMENT ON DEMAND:** This will state that the Lender can demand repayment of the loan at any time. 27. **PREPAYMENT:** This will state whether the Borrower can repay the loan early and any penalties for doing so. 28. **INSURANCE:** This will state whether the Borrower is required to maintain insurance and the type of insurance required. 29. **INSOLVENCY:** This will cover what happens if the Borrower becomes insolvent. 30. **JURISDICTION:** This clause will state which courts have jurisdiction over disputes arising from the agreement. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written. _________________________ _________________________ Name: Name: Title: Title: (PARTY A - Lender) (PARTY B - Borrower) **NOTE:** This template is provided for general informational purposes only and should not be considered legal advice. Always consult with a lawyer before entering into any agreement.