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Accession Deed Facility Agreement
"Need to draft an Accession Deed Facility Agreement under Singapore law for our subsidiary company ABC Trading Pte Ltd to join as an additional borrower to our existing USD 50M facility agreement, planned to be effective from March 1, 2025."
1. Parties: Identification of all parties to the agreement including existing lenders, borrower, and acceding party
2. Background: Context of the original facility agreement and reason for accession
3. Definitions: Key terms used in the deed, including references to defined terms in the original facility agreement
4. Accession: Core provisions regarding the accession to the facility agreement
5. Representations and Warranties: Confirmations by the acceding party regarding their status and capacity
6. Effective Date: Specification of when the accession becomes effective
1. Security Provisions: Required if the acceding party is providing additional security - used when new security is being provided
2. Conditions Precedent: Specific conditions that must be met before accession becomes effective - used when there are specific requirements to be met before accession
3. Guarantee Provisions: Required if the acceding party is joining as a guarantor - used when party is acceding as a guarantor
1. Form of Accession Notice: Template notice to be given regarding the accession
2. Original Facility Agreement: Copy of the facility agreement being acceded to
3. Corporate Authorizations: Relevant board resolutions and corporate approvals
4. Security Documents: If applicable, documents relating to any new security being provided
Authors
Acceding Party
Additional [Borrower/Guarantor/Security Provider]
Agent
Effective Date
Existing Facility Agreement
Existing Parties
Facility Agent
Finance Documents
Finance Parties
Financial Indebtedness
Group
Guarantee
Lenders
Original Borrower
Original Facility Agreement
Original Guarantor
Original Lender
Outstanding Amount
Parties
Secured Obligations
Security
Security Agent
Security Documents
Termination Date
Transaction Documents
Transfer Date
Underlying Facility Agreement
Accession
Confirmations
Representations and Warranties
Undertakings
Security
Guarantee
Conditions Precedent
Fees and Expenses
Notices
Assignment and Transfer
Amendments and Waivers
Severability
Counterparts
Governing Law
Enforcement
Process Agent
Jurisdiction
Indemnities
Effectiveness
Authority
Capacity
Ratification
Further Assurance
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