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Business Loan Guarantee
"I need a Business Loan Guarantee agreement under Hong Kong law for a HKD 50 million corporate loan where a parent company will act as guarantor for its subsidiary's obligations, with the guarantee to become effective from March 1, 2025."
1. Parties: Identification of the Lender, Borrower, and Guarantor(s)
2. Background: Context of the loan agreement and purpose of the guarantee
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Guarantee and Indemnity: Core guarantee obligations and scope of the guarantor's liability
5. Extent of Guarantee: Limits and coverage of the guarantee, including maximum liability
6. Continuing Security: Provisions establishing the guarantee as a continuing obligation
7. Guarantor's Representations and Warranties: Key statements and assurances from the guarantor
8. Preservation of Rights: Lender's rights preservation and guarantor's waiver provisions
9. Payments: Payment obligations, timing, and method of payment
10. Interest: Interest provisions on guaranteed amounts and default interest
11. Costs and Expenses: Allocation of costs related to the guarantee
12. Notices: Communication requirements and contact details
13. Assignment and Transfer: Rights and restrictions regarding transfer of guarantee obligations
14. Governing Law and Jurisdiction: Hong Kong law governance and jurisdiction provisions
15. Execution: Signature blocks and execution requirements
1. Multiple Guarantors: Additional provisions for joint and several liability when there are multiple guarantors
2. Security Provisions: Where the guarantee is supported by specific security assets
3. Corporate Guarantor Provisions: Additional representations and requirements for corporate guarantors
4. Currency Provisions: For guarantees involving multiple currencies or currency conversion
5. Counter-Indemnity: Where the guarantor requires indemnification from the borrower
6. Priority Agreement: Where there are multiple guarantees or security interests requiring priority arrangement
7. Personal Data Protection: Additional privacy provisions when handling personal data
8. Financial Covenants: Specific financial maintenance requirements for the guarantor
1. Schedule 1 - Guaranteed Obligations: Detailed description of the underlying loan and guaranteed amounts
2. Schedule 2 - Guarantor Information: Detailed information about the guarantor(s) including contact details
3. Schedule 3 - Form of Demand: Standard form for making demands under the guarantee
4. Schedule 4 - Security Details: Details of any security provided to support the guarantee
5. Schedule 5 - Conditions Precedent: List of documents and conditions required before guarantee becomes effective
6. Appendix A - Required Notices and Forms: Standard forms for notices and other communications
7. Appendix B - Corporate Authorizations: For corporate guarantors, relevant board resolutions and authorizations
Authors
Additional Guarantor
Authorisation
Banking Day
Borrower
Business Day
Charge
Costs
Default
Default Interest
Default Rate
Demand
Encumbrance
Event of Default
Facility
Facility Agreement
Finance Documents
Financial Indebtedness
Guaranteed Obligations
Guarantor
HKD
Hong Kong
Insolvency Event
Interest Period
Law
Lender
Liability
Loan
Material Adverse Effect
Month
Notice
Parties
Permitted Security Interest
Person
Principal Agreement
Recovered Money
Relevant Documents
Security
Security Interest
Security Period
Taxes
Transaction Documents
USD
Winding-up
Guarantee and Indemnity
Continuing Security
Representations and Warranties
Payment Obligations
Interest
Default Interest
Security Provisions
Costs and Expenses
Tax Gross-up
Currency Provisions
Set-off Rights
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Enforcement Rights
Power of Attorney
Changes to Parties
Assignment and Transfer
Amendments and Waivers
Severability
Notices
Counterparts
Third Party Rights
Confidentiality
Data Protection
Governing Law
Jurisdiction
Service of Process
Banking and Financial Services
Commercial Real Estate
Manufacturing
Retail and Wholesale
Import/Export
Technology and Innovation
Construction and Development
Professional Services
Logistics and Transportation
Small and Medium Enterprises (SMEs)
Legal
Finance
Credit Risk
Compliance
Corporate Banking
Commercial Banking
Treasury
Credit Administration
Risk Management
Business Development
Chief Financial Officer
Finance Director
Credit Risk Manager
Commercial Banking Manager
Legal Counsel
Compliance Officer
Corporate Banking Officer
Relationship Manager
Credit Analyst
Risk Assessment Officer
Company Secretary
Treasury Manager
Financial Controller
Business Development Manager
Loan Officer
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