The Secured Loan Agreement is a fundamental financial instrument used in Malaysian banking and commercial transactions when a lender provides financing secured against specific assets or property of the borrower. This document is essential when parties wish to establish a secured lending relationship with clear rights and obligations under Malaysian law. The agreement typically comes into play for various financing needs, from business expansion to asset acquisition, and must comply with Malaysian banking regulations and security creation requirements. It contains detailed provisions on loan terms, security arrangements, conditions precedent, representations and warranties, covenants, events of default, and enforcement mechanisms, all structured to be enforceable under Malaysian jurisdiction.

1. Parties: Identifies and defines the Lender and Borrower with complete legal names and addresses

2. Background: Recitals explaining the context of the loan and security arrangement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules

4. The Facility: Details of the loan amount, purpose, and drawdown conditions

5. Interest and Fees: Specifies interest rate, calculation method, and any applicable fees

6. Repayment Terms: Sets out repayment schedule, prepayment provisions, and payment mechanics

7. Security: Describes the nature and extent of security being provided

8. Representations and Warranties: Statements of fact and assurances given by the Borrower

9. Covenants: Positive and negative obligations of the Borrower during the loan term

10. Events of Default: Lists circumstances that constitute default and their consequences

11. Enforcement: Rights and remedies of the Lender upon default

12. Notices: Communication procedures between parties

13. Assignment and Transfer: Rights to assign or transfer the agreement

14. General Provisions: Includes standard boilerplate clauses

15. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes