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Memorandum Of Charge
"Need a Memorandum of Charge to secure a S$5 million loan facility from DBS Bank Limited over our company's inventory and receivables, to be completed before January 2025."
1. Parties: Details of the Chargor and Chargee
2. Background: Context of the charge creation and underlying obligations
3. Definitions: Key terms used throughout the document
4. Creation of Charge: Express words creating the charge and its nature (fixed/floating)
5. Charged Property: Detailed description of assets subject to the charge
6. Secured Obligations: Description of the debts/obligations secured by the charge
7. Representations and Warranties: Chargor's declarations regarding the charged property
8. Covenants: Ongoing obligations of the Chargor
1. Further Assurance: Additional actions required to perfect the security - include when additional perfection steps may be needed
2. Power of Attorney: Appointment of Chargee as attorney - include when enforcement may require direct action by Chargee
3. Insurance: Requirements for insurance of charged assets - include when charged property requires insurance coverage
1. Schedule 1 - Charged Property: Detailed list and description of all charged assets
2. Schedule 2 - Secured Obligations: Detailed description of secured debts/obligations
3. Schedule 3 - Form of Notice: Template notices to third parties regarding the charge
4. Schedule 4 - Properties: Details of any real property subject to the charge
Authors
Chargee
Charged Property
Secured Obligations
Security Period
Security Interest
Event of Default
Business Day
Encumbrance
Secured Parties
Security Documents
Facility Agreement
Finance Documents
Permitted Security
Enforcement Event
Security Agent
Secured Liabilities
Security Assets
Related Rights
Receiver
Disposal
Relevant Jurisdiction
ACRA
Companies Act
Registry
Proceeds
Perfection Requirements
Security Period
Material Adverse Effect
Insurances
Intellectual Property Rights
Power of Attorney
Rights
Working Capital Assets
Effective Date
Secured Obligations
Representations and Warranties
Covenants
Security
Registration
Priority
Further Assurance
Enforcement
Power of Attorney
Insurance
Negative Pledge
Maintenance of Assets
Disposals
Notices
Assignment
Costs and Expenses
Release and Discharge
Remedies
Default Interest
Set-off
Currency
Amendments
Governing Law
Jurisdiction
Appointment of Process Agent
Counterparts
Severability
Entire Agreement
Indemnities
Confidentiality
Third Party Rights
Waiver
Time of Essence
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