Loan Indemnity Agreement Template for Philippines

1. Security Provisions: Include when the indemnity is secured by specific assets or collateral

2. Assignment and Transfer: Include when parties want to allow or restrict the ability to assign or transfer rights under the indemnity

3. Step-In Rights: Include when the Lender requires the right to take over certain obligations or rights of the Borrower

4. Tax Provisions: Include when specific tax implications need to be addressed or allocated between parties

5. Currency Provisions: Include when the loan and indemnity involve different currencies or cross-border elements

6. Force Majeure: Include when parties want to address circumstances beyond their control that might affect the indemnity obligations

7. Costs and Expenses: Include when there's a need to specify how various costs related to the indemnity will be allocated

1. Schedule 1 - Original Loan Agreement: Copy or key terms of the underlying loan agreement being indemnified

2. Schedule 2 - Secured Assets: List and description of any assets securing the indemnity (if applicable)

3. Schedule 3 - Form of Demand: Template for making claims under the indemnity

4. Schedule 4 - Payment Mechanics: Detailed procedures for making and processing indemnity payments

5. Appendix A - Corporate Authorizations: Copies of relevant corporate approvals and authorizations

6. Appendix B - Specimen Signatures: Authorized signatures for relevant parties