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Financing Contract Agreement
"I need a Financing Contract Agreement for a secured term loan of SGD 5 million to fund our manufacturing facility expansion, with quarterly repayments over 5 years starting March 2025 and including personal guarantees from two company directors."
1. Parties: Identification and details of the lender and borrower
2. Background: Context of the financing arrangement and purpose of the loan
3. Definitions: Key terms used throughout the agreement
4. Facility Amount and Purpose: Specification of loan amount and permitted use
5. Interest and Fees: Interest rate, calculation method, 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 Arrangements: Details of collateral and security - include when loan is secured
2. Guarantees: Terms of any guarantees provided - include when third-party guarantees are involved
3. Insurance Requirements: Required insurance coverage - include when specific insurance is required
4. Covenants: Positive and negative obligations - include for complex commercial loans
1. Repayment Schedule: Detailed payment dates and amounts
2. Security Documents: List and copies of security documentation
3. Conditions Precedent Documents: List of required documents before drawdown
4. Form of Drawdown Notice: Template for requesting loan disbursement
5. Fee Schedule: Detailed breakdown of all applicable fees
Authors
Applicable Law
Banking Day
Borrower
Business Day
Commitment
Conditions Precedent
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Effective Date
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Financial Statements
Governing Law
Interest Payment Date
Interest Period
Interest Rate
Lender
Material Adverse Effect
Maturity Date
Parties
Permitted Purpose
Potential Default
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Documents
SGD
Singapore Dollars
Subsidiary
Tax
Transaction Documents
Utilisation
Facility Terms
Purpose
Interest
Fees and Charges
Repayment
Prepayment
Security
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Assignment and Transfer
Confidentiality
Notice Requirements
Set-off Rights
Amendments and Waivers
Severability
Indemnification
Currency Provisions
Tax Provisions
Force Majeure
Governing Law
Dispute Resolution
Entire Agreement
Counterparts
Third Party Rights
Further Assurance
Costs and Expenses
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