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Money Agreement Between Two Parties Template
I need a Money Agreement Between Two Parties Template for a S$50,000 business loan to be repaid over 24 months starting March 2025, with quarterly payments and a fixed interest rate of 5% per annum, secured against company equipment.
1. Parties: Identification and details of the lender and borrower
2. Background: Context and purpose of the money agreement
3. Definitions: Key terms used throughout the agreement
4. Loan Amount: Specification of the principal sum being lent
5. Repayment Terms: Payment schedule, method, and duration
6. Interest: Interest rate and calculation method
7. Default Provisions: Consequences of failing to meet payment obligations
8. Governing Law: Specification of Singapore law as governing law
1. Security: Details of any collateral or guarantees - used when the loan is secured
2. Early Repayment: Terms for early loan settlement - used when early repayment is permitted
3. Assignment: Rights to transfer the agreement to other parties - used when transfer rights are needed
4. Force Majeure: Provisions for unforeseen circumstances - used for longer-term agreements
1. Repayment Schedule: Detailed breakdown of payment dates and amounts
2. Security Details: Detailed description of any security/collateral provided for secured loans
3. Guarantor Information: Details of any guarantors when guarantors are involved
4. Interest Calculation Methods: Detailed explanation of interest calculations and examples
Authors
Borrower
Business Day
Default Event
Default Interest Rate
Effective Date
Interest Rate
Lender
Loan
Loan Amount
Maturity Date
Payment Date
Principal Sum
Repayment Schedule
Collateral
Early Repayment
Guarantor
Secured Property
Security Interest
Security Documents
Prepayment Fee
Late Payment Fee
Related Parties
Permitted Purpose
Singapore Dollar
SGD
Relevant Authority
Working Day
Interest Period
Compound Interest
Simple Interest
Outstanding Balance
Amortization Schedule
Interest Rate
Repayment Terms
Payment Schedule
Default
Representations and Warranties
Security
Events of Default
Remedies
Interest Calculation
Late Payment
Prepayment
Notices
Assignment
Governing Law
Jurisdiction
Guarantee
Collateral
Force Majeure
Confidentiality
Set-off Rights
Tax
Insurance
Further Assurance
Costs and Expenses
Amendment
Severability
Anti-Money Laundering
Compliance with Laws
Sanctions
Documentation Requirements
Dispute Resolution
Indemnification
Specific Performance
Waiver
Time of Essence
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