Registerable instrument. This loan agreement in the State of Queensland is for a new loan by a non-shareholder to the company for a period not exceeding ten years. It sets up a floating charge over the property of the company and restricts subsequent loans. The terms and conditions of the loan are established by resolution of the Board and by this instrument and a Debenture Certificate is issued. The debenture is registered with ASIC within 45 days of this instrument. This agreement contains 3 appendices and an example Debenture Certificate.
QLD Registerable instrument (Debenture). Simple loan contract.