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Debenture Loan Agreement
"Need a Debenture Loan Agreement for a $5 million facility with ABC Bank Ltd as lender, secured against our manufacturing equipment and property at 123 Industry Road, with quarterly repayments starting March 2025 and a 5-year term."
1. Parties: Identification of lender and borrower with full legal details
2. Background: Context of the loan and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of loan amount and intended use
5. Interest Rate and Calculation: Interest rate terms and calculation methodology
6. Repayment Terms: Schedule and method of repayment
7. Security: Details of assets charged as security
8. Representations and Warranties: Standard declarations by borrower
9. Events of Default: Circumstances constituting default
10. Enforcement Rights: Lender's rights upon default
1. Guarantees: Additional security provisions when third-party guarantees are involved
2. Insurance Requirements: Requirements for insuring secured assets when specific assets need insurance coverage
3. Subordination Provisions: Priority of debt provisions when multiple creditors are involved
1. Schedule 1 - Asset Schedule: Detailed list of secured assets
2. Schedule 2 - Repayment Schedule: Detailed payment dates and amounts
3. Schedule 3 - Conditions Precedent: List of conditions to be satisfied before drawdown
4. Schedule 4 - Form of Drawdown Notice: Template for requesting loan disbursement
5. Schedule 5 - Security Documents: List of additional security documentation
Authors
Additional Security Documents
Borrower
Business Day
Charged Assets
Charged Property
Collateral
Condition Precedent
Default
Default Interest Rate
Default Notice
Drawdown
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Finance Documents
Financial Indebtedness
Fixed Charge
Floating Charge
Group
Guarantee
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Maturity Date
Permitted Security
Potential Event of Default
Principal Amount
Receiver
Repayment Date
Repayment Schedule
Secured Obligations
Security
Security Agent
Security Documents
Security Interest
Security Period
Subsidiary
Tax
Transaction Documents
Utilisation
Facility and Purpose
Drawdown
Interest
Repayment
Prepayment
Security Creation
Fixed Charge
Floating Charge
Further Assurance
Negative Pledge
Representations and Warranties
Covenants
Financial Covenants
Information Undertakings
Events of Default
Acceleration
Enforcement
Power of Attorney
Assignment and Transfer
Set-off
Costs and Expenses
Indemnities
Notices
Amendments and Waivers
Severability
Counterparts
Confidentiality
Governing Law
Jurisdiction
Security Registration
Receiver Appointment
Insurance
Tax Gross-up
Currency
Calculations and Certificates
Remedies and Waivers
Partial Invalidity
Entire Agreement
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