Forbearance Agreement Loan Template for Philippines

1. Guarantor Consent: Required when the original loan has guarantors who must consent to the forbearance

2. Collateral Provisions: Needed when the loan is secured and modifications to security arrangements are required

3. Regulatory Compliance: Special provisions required for regulated entities or large loans subject to BSP oversight

4. Tax Provisions: Special tax considerations or implications of the forbearance arrangement

5. Insurance Requirements: Modified insurance requirements during the forbearance period

6. Financial Reporting Requirements: Additional reporting requirements during forbearance period

7. Cross-Default Provisions: Needed when there are multiple loans or related agreements affected by the forbearance

1. Schedule A - Loan Details: Details of the original loan agreement including date, amount, and current balance

2. Schedule B - Payment Schedule: Detailed modified payment schedule including dates, amounts, and allocation between principal and interest

3. Schedule C - Outstanding Amounts: Breakdown of all outstanding amounts including principal, interest, and any fees

4. Schedule D - Security Details: List and description of any security or collateral for the loan

5. Schedule E - Compliance Requirements: Detailed list of ongoing compliance requirements during forbearance

6. Appendix 1 - Form of Compliance Certificate: Template for periodic compliance certification by the Borrower

7. Appendix 2 - Required Notices: Forms of notices required under the agreement