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Unsecured Promissory Note Lump Sum Payment
"I need an Unsecured Promissory Note Lump Sum Payment under Singapore law for a SGD 250,000 business loan to be repaid in full on March 15, 2025, with a 5% annual interest rate and standard default provisions."
1. Parties: Identifies the lender and borrower with full legal names and addresses
2. Background: Brief context of the loan arrangement
3. Definitions: Key terms used in the document
4. Promise to Pay: Core obligation stating principal amount and payment terms
5. Interest Rate: Specified interest rate and calculation method
6. Payment Terms: Due date and payment method for lump sum
7. Events of Default: Circumstances constituting default
8. Governing Law: Specification of Singapore law as governing law
1. Late Payment Penalties: Additional charges for late payment - include when lender wants to impose specific penalties
2. Prepayment Terms: Conditions for early repayment - include when early repayment is to be permitted
3. Assignment: Rights to assign the note to third parties - include when note may be transferred
4. Representations and Warranties: Borrower's confirmations about their status and capacity - include for larger loans or commercial context
1. Payment Schedule: Details of payment date and amount
2. Interest Calculation: Detailed method of interest calculation if complex
3. Notice Details: Contact information for formal notices
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