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Secured Demand Promissory Note
"I need a Secured Demand Promissory Note under Dutch law for a €500,000 business loan to my manufacturing company, secured by industrial equipment, with Metropolitan Bank NV as the lender and a 5% interest rate."
1. Header Information: Date, parties' names, and amount of the note in both numbers and words
2. Promise to Pay: Unconditional promise to pay the principal amount, including the payee's details and payment terms
3. Interest Rate: Specification of the applicable interest rate, calculation method, and payment frequency
4. Security Provisions: Description of the collateral or security provided, including type, value, and location of assets
5. Default Provisions: Definition of events of default and consequences, including acceleration rights
6. Demand Nature: Clear statement that the note is payable on demand and conditions for making such demand
7. Enforcement Rights: Lender's rights and remedies upon default, including security enforcement
8. Representations: Basic representations regarding authority to execute and validity of security
9. Governing Law: Specification of Dutch law as governing law and jurisdiction
10. Signature Block: Execution section with maker's signature, witness requirements if any
1. Prepayment Terms: Include when early repayment options are to be specifically allowed or restricted
2. Guarantor Provisions: Include when there is a third-party guarantor for the note
3. Assignment Rights: Include when transfer or assignment of the note needs to be specifically addressed
4. Tax Provisions: Include when specific tax implications need to be addressed or tax gross-up is required
5. Currency Provisions: Include for cross-border transactions or when multiple currencies are involved
6. Additional Security Covenants: Include when ongoing obligations regarding security maintenance are required
7. Notice Provisions: Include when specific notice requirements for demands or communications are needed
1. Schedule A - Security Details: Detailed description of security assets, including registration numbers, locations, and values
2. Schedule B - Payment Schedule: If applicable, detailed payment terms including dates and amounts
3. Schedule C - Security Documents: Copies or forms of additional security documentation required
4. Appendix 1 - Asset Valuations: Current valuations of security assets if required
5. Appendix 2 - Required Registrations: List of security registrations and filings required
6. Appendix 3 - Form of Demand: Standard form for making demand under the note
Authors
Collateral
Default Interest Rate
Event of Default
Enforcement Notice
Interest Payment Date
Interest Period
Interest Rate
Maker
Material Adverse Effect
Maturity Date
Outstanding Amount
Payee
Payment Date
Permitted Security
Principal Amount
Principal Payment Date
Security
Security Agent
Security Assets
Security Documents
Security Interest
Security Period
Security Rights
Secured Obligations
Secured Parties
Default Notice
Demand Notice
Designated Account
Guarantor
Indebtedness
Lien
Loan
Note
Permitted Transfer
Register
Related Rights
Relevant Jurisdiction
Tax
Security Interest
Interest
Default
Acceleration
Enforcement
Representations and Warranties
Security Covenants
Assignment
Notice
Demand Rights
Governing Law
Jurisdiction
Execution
Registration
Priority
Security Enforcement
Remedies
Tax
Currency
Further Assurance
Severability
Amendment
Waiver
Costs and Expenses
Banking and Financial Services
Real Estate
Commercial Lending
Manufacturing
Trading and Commerce
Professional Services
Technology
Agriculture
Construction
Energy
Healthcare
Transportation and Logistics
Legal
Finance
Treasury
Risk Management
Commercial
Credit
Compliance
Corporate Banking
Business Development
Operations
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Credit Manager
Risk Manager
Commercial Director
Business Development Manager
Financial Controller
Compliance Officer
Security Trustee
Loan Officer
Portfolio Manager
Corporate Banking Manager
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