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1. Parties: Identification of the Lender and Borrower with full legal names and addresses
2. Background: Brief context of the lending arrangement and purpose of the multiple advance facility
3. Definitions: Key terms used throughout the note including 'Advance', 'Available Credit', 'Draw Period', 'Interest Rate', and 'Maturity Date'
4. Promise to Pay: Unconditional promise by the Borrower to pay the Principal Amount plus Interest
5. Multiple Advance Facility: Terms governing the multiple advances, including maximum facility amount and draw conditions
6. Interest Calculation: Method of interest calculation, rate, and compounding frequency
7. Repayment Terms: Schedule and methods of repayment, including minimum payments and treatment of multiple advances
8. Prepayment Provisions: Terms and conditions for early repayment of the loan
9. Events of Default: Circumstances constituting default and consequences thereof
10. Security: Description of any security or collateral securing the note
11. Governing Law: Specification of Canadian law as governing law
12. Execution: Signature blocks and date of execution
1. Guarantor Provisions: Required when there is a guarantor for the note, including guarantor's obligations and rights
2. Joint and Several Liability: Include when there are multiple borrowers to establish their joint responsibility
3. Currency Provisions: Required for notes where advances or repayments may be in multiple currencies
4. Draw Notice Requirements: Include when formal draw notice procedures are required for advances
5. Financial Covenants: Include when the borrower must maintain certain financial metrics
6. Assignment and Transferability: Include when the note needs to be transferable or assignable
7. Electronic Execution: Include when the note may be executed electronically
1. Schedule A - Draw Schedule: Details of planned or permitted draw dates and amounts
2. Schedule B - Repayment Schedule: Detailed amortization schedule for repayment of advances
3. Schedule C - Interest Rate Calculation: Detailed methodology for interest calculation and examples
4. Schedule D - Draw Notice Form: Standard form for requesting advances under the note
5. Appendix 1 - Security Documentation: Forms and details of any security or collateral arrangements
6. Appendix 2 - Guarantor Acknowledgment: Required documentation from any guarantors
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