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Third Party Security Agreement
"Need a Third Party Security Agreement under Singapore law where my company (ABC Trading Pte Ltd) will provide security over our commercial property to secure a S$5 million loan that our joint venture partner is taking from United Bank on 15 March 2025."
1. Parties: Identification of security provider, secured party, and principal debtor
2. Background: Context of the security arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement including secured obligations, security assets, and enforcement rights
4. Grant of Security Interest: Core provisions creating the security interest and specifying the assets being secured
5. Secured Obligations: Definition and scope of obligations being secured under the agreement
6. Representations and Warranties: Security provider's confirmations regarding authority, ownership of assets, and capacity to grant security
7. Covenants: Ongoing obligations of the security provider regarding maintenance and preservation of security
8. Enforcement: Rights and remedies available to the secured party upon default
9. Governing Law and Jurisdiction: Singapore law as governing law and jurisdiction provisions
1. Further Assurance: Additional actions required to perfect security or maintain its validity
2. Power of Attorney: Appointment of secured party as attorney for dealing with secured assets
3. Assignment and Transfer: Provisions governing transfer of security interest to third parties
1. Schedule of Secured Assets: Detailed description and identification of assets subject to security
2. Form of Notice: Standard form notices required for perfection of security
3. Principal Security Agreement: Reference copy or details of the main facility or loan agreement
4. Corporate Authorizations: Required corporate approvals, board resolutions, and other authorizations
Authors
Security Provider
Principal Debtor
Secured Assets
Secured Obligations
Security Interest
Security Period
Event of Default
Security Documents
Business Day
Charged Property
Enforcement Event
Encumbrance
Principal Agreement
Receiver
Related Rights
Security Agent
Secured Liabilities
Transaction Documents
Relevant Jurisdiction
Permitted Security Interest
Security Period
Authorized Investments
Controller
Disposal
Financial Indebtedness
Group
Insolvency Event
Material Adverse Effect
Perfection Requirements
Potential Event of Default
Security Assets
Subsidiary
Continuing Security
Representations and Warranties
Covenants
Negative Pledge
Further Assurance
Power of Attorney
Enforcement
Application of Proceeds
Release and Discharge
Assignment and Transfer
Costs and Expenses
Indemnity
Default Interest
Set-off
Amendments and Waivers
Severability
Counterparts
Notices
Governing Law
Jurisdiction
Service of Process
Limitation of Liability
Rights of Third Parties
Incorporation of Principal Agreement Terms
Security Provider Independence
No Waiver of Principal Obligations
Registration and Filing
Information Rights
Remedies and Waivers
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