This Agreement is made on [insert day and month] 20[insert year]

Parties

1. 1

   [insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (the Lender); and

1. 2

   [insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (the Borrower).

background

1. 1. (A)

      The Borrower is a wholly-owned direct or indirect Subsidiary (as defined below) of the Lender. The Lender has agreed to provide to the Borrower an unsecured term loan of £[insert amount of loan in figures] ([insert amount of loan in words] pounds sterling) subject to the terms and conditions of this Agreement.

   1. (B)

      [[insert any further details]]

The parties agree:

1. 1. 1

      Definitions and interpretation

      1. 1.1

         In this Agreement:

         Business Day

         1. •

            means a day other than a Saturday, Sunday or public holiday when banks are generally open for business in London;

         Interest Periods

         1. •

            has the meaning given to it in Clause