Ontario Loan Agreement for Non-Revolving Term Loan with Royalty Payments

Use this ready-made template to draw up a Loan Agreement for a non-revolving term loan with royalty payments.

• This is an Ontario legal document.
• The loan is a non-revolving term loan, to be advanced in a single payment.
• The loan bears no interest until default. Instead of interest, the borrower will pay a percentage of its net revenues to the lender as a royalty (exclusive of loan advances).
• All payments are applied to interest first.

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