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Loan Guarantee Form
"I need a Loan Guarantee Form under Singapore law for my company to guarantee a S$2 million business loan taken by our subsidiary, with the guarantee period starting from March 1, 2025, and I need to include specific provisions for multiple guarantors."
1. Parties: Identifies the guarantor, creditor, and principal debtor
2. Background: Explains the context of the underlying loan and guarantee relationship
3. Definitions: Defines key terms used throughout the guarantee including Guaranteed Obligations, Principal Debtor, Security
4. Guarantee and Indemnity: Core provisions detailing the guarantee obligations and indemnification terms
5. Scope of Guarantee: Defines extent and limitations of the guarantee, including maximum liability if applicable
6. Duration: Specifies the term of the guarantee and conditions for termination
7. Representations and Warranties: Standard representations and warranties from the guarantor
8. Enforcement: Details rights and procedures for enforcing the guarantee, including notice requirements
9. Payments and Interest: Terms regarding payment obligations, interest rates, and payment mechanics
10. Governing Law and Jurisdiction: Specifies Singapore law as governing law and jurisdiction for disputes
1. Security Provisions: Additional security arrangements, used when collateral or other security is provided beyond the guarantee
2. Multiple Guarantors: Provisions for joint and several liability, used when there is more than one guarantor
3. Assignment: Rights to assign the guarantee, used when assignment rights are required by the creditor
4. Subordination: Provisions regarding the ranking of the guarantee, used when there are multiple creditors or security interests
1. Schedule 1 - Principal Loan Agreement: Copy or details of the underlying loan agreement being guaranteed
2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations covered by the guarantee, including principal, interest, and other amounts
3. Schedule 3 - Guarantee Limit: Specifications of any cap on the guarantee amount and calculation methodology
4. Schedule 4 - Form of Demand: Template form for making a demand under the guarantee
Authors
Business Day
Creditor
Default
Default Interest
Effective Date
Enforcement Event
Event of Default
Guaranteed Obligations
Guaranteed Sum
Guarantor
Indemnified Person
Interest Rate
Loan Agreement
Loan Amount
Material Adverse Effect
Notice
Outstanding Amount
Parties
Principal Debtor
Relevant Documents
Repayment Date
Security
Security Interest
Singapore Dollars
Taxes
Term
Working Day
Continuing Security
Scope of Guarantee
Payment Obligations
Interest
Default Interest
Representations and Warranties
Undertakings
Events of Default
Enforcement
Discharge and Release
Security Rights
Subrogation Rights
Set-off
Currency
Costs and Expenses
Notices
Assignment and Transfer
Amendments and Waivers
Severability
Counterparts
Time of Essence
Governing Law
Jurisdiction
Service of Process
Waiver of Immunity
Third Party Rights
Entire Agreement
Further Assurance
Confidentiality
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