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Construction Loan Agreement
"Need a Construction Loan Agreement for a commercial development project in Singapore with a loan value of SGD 50 million, where disbursement will be done in five phases starting March 2025, and we need specific provisions for green building certification requirements."
1. Parties: Identifies and defines the lender and borrower
2. Background: Context of the loan and construction project
3. Definitions: Key terms used throughout the agreement
4. Facility Amount and Purpose: Loan amount and specified use of funds
5. Conditions Precedent: Requirements to be met before loan disbursement
6. Disbursement Terms: Schedule and conditions for releasing funds
7. Interest and Fees: Interest rates, calculation methods, and applicable fees
8. Repayment Terms: Payment schedule and methods
9. Security: Collateral and security arrangements
10. Representations and Warranties: Statements of fact by borrower
1. Insurance Requirements: Specific insurance coverage requirements for projects needing additional coverage beyond standard requirements
2. Environmental Compliance: Environmental protection requirements for projects with significant environmental impact
3. Green Building Requirements: Sustainable construction standards for projects pursuing green certification
1. Construction Schedule: Detailed timeline of construction milestones
2. Disbursement Schedule: Breakdown of loan disbursement phases
3. Property Details: Legal description and details of construction site
4. Construction Plans: Approved architectural and engineering plans
5. Contractor Details: Information about main contractor and key subcontractors
6. Security Documents: List and copies of security instruments
Authors
Applicable Laws
Approved Plans
Authorizations
Banking Day
Borrower
Building Contract
Certificate of Practical Completion
Completion Date
Construction Budget
Construction Costs
Construction Documents
Construction Period
Construction Schedule
Contractor
Default
Default Rate
Development
Disbursement
Disbursement Date
Disbursement Request
Event of Default
Facility
Facility Amount
Final Completion
Finance Documents
Financial Indebtedness
Government Agency
Guarantee
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Maturity Date
Mortgage
Mortgaged Property
Payment Date
Permitted Security Interest
Project
Project Documents
Property
Quantity Surveyor
Related Corporation
Relevant Authority
Repayment Date
Security
Security Documents
Security Interest
Temporary Occupation Permit
Term
Works
Conditions Precedent
Disbursement
Interest and Fees
Repayment
Security
Construction Requirements
Project Monitoring
Representations and Warranties
Covenants
Events of Default
Remedies
Insurance
Assignment and Transfer
Change of Control
Increased Costs
Tax Gross-up
Indemnities
Costs and Expenses
Notices
Amendments and Waivers
Confidentiality
Set-off
Severability
Counterparts
Force Majeure
Governing Law
Dispute Resolution
Environmental Compliance
Regulatory Compliance
Construction Milestones
Quality Control
Contractor Requirements
Site Access
Completion Requirements
Payment Mechanics
Security Release
Default Interest
Acceleration
Financial Covenants
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