SBLC Non Recourse Loan Template for Philippines

1. Security Trustee Provisions: Required when a security trustee is appointed to hold the SBLC or other security on behalf of the lender

2. Currency Provisions: Required for cross-border transactions or when the SBLC is denominated in a foreign currency

3. Multiple Lender Provisions: Required when there are multiple lenders involved in the facility

4. Tax Provisions: Detailed tax provisions required when there are cross-border elements or specific tax considerations

5. Assignment and Transfer: Detailed provisions for assignment rights when transferability of the loan or SBLC is contemplated

6. Account Bank Provisions: Required when specific account arrangements are needed for loan disbursement or repayment

7. Insurance: Required when additional insurance coverage is needed beyond the SBLC

1. Schedule 1 - SBLC Details: Full details of the SBLC including issuing bank, amount, validity, and terms

2. Schedule 2 - Conditions Precedent: Detailed list of all required conditions precedent documents and requirements

3. Schedule 3 - Drawdown Request Form: Form of drawdown request to be used by the borrower

4. Schedule 4 - Repayment Schedule: Detailed repayment schedule including dates and amounts

5. Schedule 5 - Security Documents: List and copies of all security documents

6. Schedule 6 - Fees and Charges: Detailed breakdown of all applicable fees and charges

7. Appendix A - Form of SBLC: The agreed form of the Standby Letter of Credit

8. Appendix B - Form of Compliance Certificate: Template for periodic compliance certification by the borrower

9. Appendix C - Notice Details: Contact details and notice requirements for all parties