ACCOUNT_JOB_COMPANY

ACCOUNT_JOB_ADDRESS_SINGLE_LINE

To FIRST LAST, 

COMPANY (the "Company")

[Address]

BY REGISTERED POST AND BY EMAIL (e-mail: [E-mail])

03 May 2024

 

Dear [Title] LAST,

Demand for Immediate Repayment of Loan

1. We are making a claim against you for a breach of the Loan Agreement (defined below).

2. By a term loan agreement dated DATE (“Loan Agreement”) made between the Company (as borrower) and ACCOUNT_JOB_COMPANY (as lender), ACCOUNT_JOB_COMPANY has granted a loan in the amount of CURRENCYAMOUNT to the Company. 

3. The Loan Agreement states that:

(a) Maturity date: [x] months from the drawdown date of DATE, that is, MATURITY.

(b)    Interest rate: % per annum. Default interest rate: % per annum on the outstanding Loan.

4. The Company has, in breach of the Loan Agreement, failed to repay the Loan. In the circumstances, we hereby demands immediate repayment by the Company of the outstanding Loan plus interest in the sum of CURRENCY OUTSTANDING.

5. The purpose of this letter is to inform you that, unless full repayment of the said sum of CURRENCY OUTSTANDING is made to us (Account name: ACCOUNT_JOB_COMPANY. Account number: [A/C Number]. Bank: [BANK NAME]. SWIFT Code: [SWIFT]) within [z] days of this letter by [DATE], proceedings will be issued against the Company without further notice.

........................................