Financial Forms

Obtain a pledge of securities from a borrower under this Share Pledge Agreement, pursuant to the provisions of the Ontario Personal Property Security Act.

• A borrower pledges shares of stock to a lender, to be held as security for a loan that the lender is making to the borrower.
• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
• The borrower retains the right to vote the shares.
• The agreement contains a limitation on personal liability clause with respect to the borrower's responsibility for any deficiency owing after disposition of the shares.
• This form is a fully customizable legal template that you can use as often as you need to.
• Intended for use only in the Province of Ontario, Canada.

Prepare a Share Pledge Agreement with No Recourse with this customizable template form for Ontario lenders.

This Share Pledge Agreement is intended to provide a lender with security from a corporate borrower in the Province of Ontario, Canada. It is compliant with the provisions of the Ontario Personal Property Security Act and is available in MS Word format.

Parties Involved

• Borrower: A corporate entity who is borrowing the funds and has issued the shares to the shareholder.
• Shareholder: The individual or entity who is pledging the shares of stock, and is a principal or stakeholder in the corporate borrower.
• Lender: The party providing the loan to the borrower.

Pledge of Shares

The shareholder pledges the shares to the lender. These shares are to be held as security for a loan that the lender is making to the borrower.

Additional Shares

The shareholder agrees to pledge any additional, substitute, or replacement shares issued in its name, ensuring that the security remains intact throughout the term of the loan.

Retention of Voting Rights and Dividends

So long as the borrower is not in default under the loan:

• the shareholder will retain the right to vote the shares that have been pledged at shareholder meetings, allowing the shareholder to continue participating in corporate decisions, and
• any dividends accruing to the shareholder will be payable to the account of the shareholder.

No Recourse Provision

In the event of a shortfall between the balance of the debt owing and any proceeds realized from dealing with the shares, the shareholder shall have no liability for such shortfall. The lender has no recourse against the shareholder for any deficiency in the repayment of the loan.

Non-Guarantee Status

The shareholder is not a guarantor, surety, or indemnifier with respect to the loan. Its only obligation is the pledge of shares as security.

Use this downloadable template to prepare a set of Standard Charge Terms for a commercial collateral mortgage under Section 9 of the Ontario Land Registration Reform Act.

• You first need to complete and file the Set of Standard Charge Terms with the Land Titles Office, which issues you a filing number.
• Each time you enter into a loan transaction with a borrower which is secured by this type of mortgage, you simply file a Form 2 Charge / Mortgage of Land which refers to this set of standard terms by filing number.
• This set of standard terms, and any addenda filed with the Form 2, will then govern the loan agreement between the parties.
• Available in MS Word format.
• For use only in the Province of Ontario, Canada.

These Standard Charge Terms are for a fixed and variable rate residential mortgage / charge in the Province of Ontario.

• Complete and file the Set of Standard Charge Terms with the Land Titles Office, which issues a filing number.
• Each time you enter into a loan transaction with a borrower which is secured by this type of mortgage, you simply file a Form 2 Charge / Mortgage of Land which refers to this set of standard terms by filing number.
• This set of standard terms, and any addenda filed with the Form 2, will then govern the loan agreement between the parties.
• For use only in the Province of Ontario.

Ontario lenders can use this template form to prepare Standard Charge Terms for a straight charge or mortgage under Section 9 of the Land Registration Reform Act.

• When you file your initial set of Standard Charge Terms with the Land Titles Office, they issue you a filing number.
• Each time you submit a Form 2 Charge / Mortgage of Land to secure a loan, you refer to the filing number.
• That will ensure that the loan agreement secured by the mortgage is governed by this set of standard terms.
• The form is provided in MS Word format and is fully editable and reusable.
• For use only in the Province of Ontario, Canada.

If you are selling a real estate property in Oregon, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed.

• A contract for deed (or purchase money mortgage) allows a buyer to pay over time, with the seller carrying the balance until the last payment is made.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
• Available in MS Word format.
• Intended to be used only in the State of Oregon.

Transfer title of an Oregon real estate property from a seller to a trustee with this Oregon Deed of Trust form.

• A Deed of Trust is often used instead of a mortgage for purchasing real property except for agricultural farm land.
• Under the Deed of Trust, title is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• Attorney's fees payable by a party under the Trust Deed shall include those awarded by an appellate court.
• The Deed secures any advances made by the lender to protect its interest in the property and rights under the Deed.

Make sure that your small business continues on after you retire with this sample Ownership Succession Plan for Family Business.

• This sample Succession Plan is designed to assist the owners of a family operation or other small business in planning for the future of the business following the retirement, disability or death of the principal owner(s), through:
  • training other members of the family or company team in management roles,
  • granting stock options as incentives,
  • setting up a board of advisers with expertise in financial, legal and other areas,
  • developing business plans and initiatives to grow the business and protect the owners' interests.
• If you run a family business and you haven't put together a succession plan yet, don't put it off any longer. Download and complete this template.

Transfer a part interest in a Deed of Trust and underlying promissory note with this Partial Purchase Agreement for Note and Deed of Trust.

• The buyer agrees to purchase the interest without recourse as to the borrower's future financial performance.
• The buyer will be entitled to a specified number of installment payments, following which the interest will revert back to the seller.
• The seller's liability is limited to the seller's residual interest in the Note and Deed of Trust.
• The agreement is conditional upon the buyer obtaining adequate funds to finance the purchase.
• If the seller cancels the agreement prior to closing, the seller must pay a cancellation fee, plus any costs incurred by the buyer.
• The seller indemnifies the buyer against any liability or expense arising from any inaccuracy or breach of any of the seller's representations or warranties.
• Available in MS Word format.
• This template form can be used by lenders anywhere in the United States.

Prepare a Participating Mortgage for a loan on a condominium project in Canada with this template form.

• A participating mortgage is a loan under which the lender (Mortgagee) participates in the revenues of the property.
• A portion of the interest on the loan is to be paid to the Mortgagee annually.
• A further portion of the interest will be paid from the balance of sale proceeds of each of the condo units (if any), after payment of development costs, financing charges and marketing costs.
• The borrower (Mortgagor) will be paid a general and administrative fee for construction and management of the project.
• A further project expense consisting of interest on the equity is to be paid to the developer.
• After one year, the Mortgagor can prepay all or part of the mortgage loan without bonus or penalty.
• Available in MS Word format.
• Intended to be used in Canada.