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Finance Contract
"Need a Finance Contract under Singapore law for a secured term loan facility of SGD 5 million to a manufacturing company, with quarterly repayments over 5 years starting from March 2025 and including personal guarantees from company directors."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the finance agreement
3. Definitions: Key terms used throughout the agreement
4. Facility Amount: Details of the financial facility being provided
5. Interest and Fees: Interest rates, calculation methods, and applicable fees
6. Repayment Terms: Schedule and method of repayment
7. Conditions Precedent: Conditions that must be satisfied before drawdown
8. Representations and Warranties: Statements of fact by the borrower
9. Events of Default: Circumstances constituting default and consequences
1. Security: Details of any collateral or security arrangements (include when facility is secured)
2. Guarantees: Terms of any guarantees provided (include when third-party guarantees are required)
3. Insurance: Required insurance coverage (include when specific insurance is required for the facility)
4. Covenants: Ongoing obligations of the borrower (include for complex commercial facilities)
1. Repayment Schedule: Detailed schedule of repayment dates and amounts
2. Security Documents: List and copies of security documentation
3. Conditions Precedent Documents: List of required documents and conditions
4. Fee Schedule: Detailed breakdown of all applicable fees
5. Form of Drawdown Notice: Template for requesting disbursement
Authors
Availability Period
Base Rate
Business Day
Closing Date
Commitment
Default
Default Rate
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Interest Payment Date
Interest Period
Interest Rate
Legal Requirements
Lender
Loan
Material Adverse Effect
Maturity Date
Outstanding Amount
Prepayment
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Singapore Dollars
Subsidiary
Tax
Transaction Documents
Utilisation
Utilisation Date
Utilisation Request
Purpose
Availability
Interest
Repayment
Prepayment
Security
Conditions Precedent
Representations and Warranties
Covenants
Financial Covenants
Information Undertakings
Events of Default
Acceleration
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Amendments and Waivers
Confidentiality
Counterparts
Governing Law
Enforcement
Jurisdiction
Service of Process
Assignment and Transfer
Costs and Expenses
Indemnities
Currency
Default Interest
Market Disruption
Tax Gross Up
Increased Costs
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