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30 Day Credit Agreement
"Need a 30 Day Credit Agreement under Singapore law for our manufacturing company extending credit to a new distributor, with a credit limit of SGD 50,000 and requiring personal guarantee from the distributor's director, to be effective from March 1, 2025."
1. Parties: Identification of creditor and debtor, including registration details and addresses
2. Background: Context of the credit agreement and relationship between parties
3. Definitions: Key terms used tHRoughout the agreement
4. Credit Terms: Amount, duration, and repayment terms of the credit facility
5. Interest and Charges: Interest rates, calculation methods, and applicable fees
6. Payment Terms: Payment schedule, methods, and processing details
7. Default Provisions: Consequences of default and remedies available
8. Governing Law: Specification of Singapore law and jurisdiction
1. Security Provisions: Details of any security or guarantees required for the credit facility
2. Insurance Requirements: MaNDAtory insurance coverage requirements for securing the credit
3. Electronic Communications: Terms and conditions for electronic notices and communications between parties
4. Data Protection: PDPA compliance provisions for handling personal data
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Interest Rate Schedule: Detailed interest calculations and variations
3. Security Details: Description of security assets or guarantees if applicable
4. Standard Terms and Conditions: General terms applicable to all credit facilities
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