Secured Demand Note Template for India

1. Guarantee: Include when there is a third-party guarantor providing additional security

2. Interest Variation: Include when interest rate may be adjusted during the term of the note

3. Prepayment Provisions: Include when early repayment is permitted with specific terms

4. Cross Default: Include when default under other specified agreements should trigger default under this note

5. Insurance Requirements: Include when specific insurance must be maintained for the secured assets

6. Further Assurance: Include when additional documentation or actions may be required for perfecting security

7. Assignment and Transfer: Include when the note may be transferred or assigned to other parties

1. Schedule 1 - Security Assets: Detailed description and/or list of assets provided as security

2. Schedule 2 - Payment Schedule: Detailed payment terms including dates, amounts, and calculation methodologies

3. Schedule 3 - Security Documents: List of additional security documents executed in connection with the note

4. Schedule 4 - Existing Encumbrances: List of any pre-existing charges or encumbrances on the security assets

5. Schedule 5 - Form of Notice: Standard form for notices required under the note

6. Appendix A - Conditions Precedent: List of documents and conditions required before the note becomes effective

7. Appendix B - Registration Requirements: Details of security registration requirements and procedures