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Third Party Pledge Agreement
"Need a Third Party Pledge Agreement under Singapore law where my holding company will pledge shares in its subsidiaries to secure a USD 10M facility agreement dated 15 March 2025 between the bank and our operating company."
1. Parties: Identifies the pledgor, pledgee, and principal debtor
2. Background: Explains the context of the underlying debt and reason for the pledge
3. Definitions: Defines key terms used throughout the agreement
4. Pledge: Details the assets being pledged and terms of the security interest
5. Representations and Warranties: Statements about ownership, authority, and condition of pledged assets
6. Covenants: Ongoing obligations of the pledgor regarding the pledged assets
7. Events of Default: Circumstances constituting default and consequences
8. Enforcement: Rights and remedies upon default
1. Further Assurance: Additional actions parties may need to take when additional documentation or actions may be required
2. Power of Attorney: Appointment of pledgee as attorney when pledgee needs authority to act on pledgor's behalf
3. Insurance: Requirements for insuring pledged assets when physical property requiring insurance is involved
1. Schedule of Pledged Assets: Detailed description of assets subject to the pledge
2. Form of Notice: Template for notifications to relevant third parties
3. Corporate Authorizations: Copies of relevant corporate approvals and resolutions
4. Underlying Facility Agreement Details: Summary of the principal debt agreement
Authors
Applicable Law
Business Day
Charged Property
Collateral
Default
Encumbrance
Enforcement Event
Event of Default
Facility Agreement
Finance Documents
Financial Indebtedness
Governing Law
Obligor
Pledge
Pledged Assets
Pledgee
Pledgor
Principal Debtor
Principal Obligations
Secured Obligations
Secured Parties
Security
Security Interest
Security Period
Singapore Dollars
Transaction Documents
Underlying Agreement
Creation of Pledge
Delivery and Custody
Voting Rights and Dividends
Representations and Warranties
Covenants
Negative Pledge
Further Assurance
Events of Default
Enforcement Rights
Power of Attorney
Application of Proceeds
Release of Security
Indemnification
Costs and Expenses
Assignment and Transfer
Notices
Amendments
Severability
Waiver
Confidentiality
Counterparts
Governing Law
Dispute Resolution
Third Party Rights
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