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Warehouse Loan Agreement
"Need a Warehouse Loan Agreement for a Singapore-based electronics manufacturer borrowing SGD 5 million against inventory stored in Jurong, with quarterly interest payments and a 2-year term starting March 2025."
1. Parties: Identification of the lender and borrower, including registration details and addresses
2. Background: Context of the agreement, including purpose of the loan and nature of warehouse arrangements
3. Definitions: Key terms used throughout the agreement including 'Collateral', 'Warehouse', 'Security Interest', etc.
4. Loan Facility: Terms of the loan, including amount, interest rate, and repayment schedule
5. Security Arrangements: Details of the warehouse arrangement and security over stored goods
6. Representations and Warranties: Standard declarations by borrower regarding legal capacity, ownership of goods, etc.
7. Covenants: Ongoing obligations of the borrower including maintenance of collateral
8. Events of Default: Circumstances constituting default and consequences
9. Enforcement Rights: Lender's rights upon default including access to warehouse and disposal of goods
1. Insurance: Requirements for insurance of stored goods - used when specific insurance requirements are needed beyond standard coverage
2. Third Party Rights: Rights of warehouse operator or other third parties - used when warehouse operator is not a party but has specific rights
3. Guarantees: Terms of any additional guarantees - used when personal or corporate guarantees are required
4. Security Trustee Provisions: Appointment and powers of security trustee - used in syndicated facilities or multiple lender arrangements
1. Schedule 1 - Description of Goods: Detailed inventory of goods serving as collateral
2. Schedule 2 - Warehouse Details: Location and specifications of warehouse facilities
3. Schedule 3 - Form of Drawdown Notice: Standard form for requesting loan disbursements
4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage
5. Schedule 5 - Security Documents: List of additional security documents required
6. Appendix A - Operating Procedures: Procedures for deposit, withdrawal, and inspection of goods
Authors
Applicable Law
Availability Period
Banking Day
Borrowing Base
Collateral
Conditions Precedent
Default
Default Rate
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Final Maturity Date
Financial Indebtedness
Insurance Policies
Interest Payment Date
Interest Period
Interest Rate
Inventory
Loan
Material Adverse Effect
Permitted Security Interest
Potential Default
Repayment Date
Secured Obligations
Security
Security Documents
Security Period
Stored Goods
Tax
Warehouse
Warehouse Documents
Warehouse Location
Warehouse Operator
Warehouse Receipt
Security Interest
Conditions Precedent
Conditions Subsequent
Representations and Warranties
Covenants
Positive Covenants
Negative Covenants
Financial Covenants
Drawdown
Interest
Repayment
Prepayment
Security
Insurance
Events of Default
Enforcement
Collateral Management
Warehouse Access
Monitoring Rights
Information Undertakings
Assignment and Transfer
Set-off
Costs and Expenses
Indemnities
Notices
Amendments and Waivers
Severability
Counterparts
Confidentiality
Force Majeure
Governing Law
Dispute Resolution
Third Party Rights
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