Secured Promissory Note Template for New Zealand

1. Prepayment Provisions: Include when early repayment is allowed, specifying any penalties or calculations

2. Guarantor Provisions: Required when a third party is guaranteeing the debt obligation

3. Insurance Requirements: Include when specific insurance must be maintained on the secured property

4. Assignment and Transfer: Include when the note needs to be transferable or when assignment rights need to be restricted

5. Additional Security Provisions: Include when multiple assets are being provided as security or when there are complex security arrangements

6. Cross-Default Provisions: Include when the note is part of a larger financing arrangement with cross-default implications

7. Tax Provisions: Include when specific tax implications need to be addressed or when withholding tax is relevant

1. Payment Schedule: Detailed amortization schedule showing payment dates, amounts, and interest calculations

2. Security Property Description: Detailed description and/or list of all assets subject to the security interest

3. Guarantor Details: If applicable, full details of guarantors and their obligations

4. Permitted Security Interests: List of any pre-existing or permitted security interests over the secured property

5. Insurance Requirements: Detailed specifications of required insurance coverage for secured property

6. Special Conditions: Any special conditions or requirements specific to the loan arrangement