The lender can terminate the term of the loan and request immediate repayment in case of delay of the borrower, that is, when the borrower does not pay the amount due or does not comply with a provision of the loan agreement. This subfolder contains long and short versions of credit agreements. These agreements contain a number of provisions, including clauses on interest and reimbursements, as well as detailed provisions on insurance and guarantees, insurance and liabilities. The short-term credit agreement does not have the same degree of detail or protection and is suitable for less complex transactions. Protect yourself if you intend to borrow money or borrow money with this credit agreement. This simple credit agreement contains everything necessary to protect the borrower and the lender and ensures that both comply with the law. It includes repayment details, borrower guarantees, obligations and restrictions imposed on the borrower, as well as termination of the loan agreement. These agreements can be used when the lender and borrower are either companies or individuals. The contracts describe all the necessary clauses, such as the effective annual interest rate and the repayment procedure and the schedule of the loan, as well as the stated purpose of the loan. These credit agreements also define situations in which the loan is repaid immediately to the lender, for example. B if the agreement is violated, if the borrower has financial problems, etc. If a Party wishes to amend the Agreement in the future, all Parties should agree to do so, and this Agreement, and the Amendments should be recorded in writing and signed by all Parties.