In addition to the timely completion of monthly payments, the loan documents include a number of commitments from the Directors. These exist to safeguard the company's ability to repay the loan amount and interest. In summary, these include:

  • Any financial or other information we may, from time to time, reasonably request relating to your business
  • Copies of any notices sent by the company to its shareholders or creditors
  • Notification of any litigation, arbitration, administrative proceedings, claim or potential event of default
  • An undertaking to conduct your business in a proper and efficient manner, not making any substantial change to the general nature or scope of the business, including the sale, transfer or disposal of any part of your assets
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