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The Partnership Loan Agreement is essential in situations where partners need to formalize internal financing arrangements within their partnership structure. This document is particularly relevant in the Malaysian business context, where partnerships are governed by the Partnership Act 1961 and related financial regulations. It is used when one or more partners provide funding to other partners or to the partnership entity itself, requiring careful documentation of loan terms, security arrangements, and the impact on partnership dynamics. The agreement addresses key aspects such as loan amount, interest rates, repayment schedules, default provisions, and security arrangements, while ensuring compliance with Malaysian partnership law and financial regulations. It's crucial for protecting all parties' interests and maintaining clear records of internal partnership financing arrangements.

1. Parties: Identification of the Lender Partner(s) and Borrower Partner(s) with full legal names and addresses

2. Background: Context of the partnership, purpose of the loan, and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount, currency, and intended use within the partnership

5. Interest Rate and Calculations: Details of interest rate, calculation method, and payment periods

6. Repayment Terms: Schedule of repayments, payment methods, and prepayment provisions

7. Security: Details of any security or collateral provided for the loan

8. Representations and Warranties: Statements of fact and assurances from both parties

9. Covenants: Ongoing obligations of the borrowing partner(s) during the loan term

10. Events of Default: Circumstances constituting default and consequences

11. Partnership Provisions: Impact of the loan on partnership rights and profit sharing

12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction

13. Notices: Process for serving formal notices between parties

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments