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[Music] so a loan agreement is a formal contract between lender and borrower right it also spells out the details of the transaction it not it not only provides you know uh how much money is being borrowed it also spe specifies for how long that loan will be uh in effect what is the rate of interest if there is any collateral that is given for that particular loan most importantly what is the objective of the loan if you will see in loan agreements it is always specified the first clause in a loan agreement after you have your you know um boiler plate where you have your uh details recital then your definitions Etc after that the first Clause that comes into being is the uh purpose of the loan clause which is a very important Clause wherein the objective for which the borer has asked for the loan is mentioned and if you will see in all these known agreements it is clearly written that the objective of or the purpose of the loan cannot be Devi to right it essentially means that once wha
