Shareholder Loan Note Template for Philippines

1. Parties: Identifies the Lender (Shareholder) and Borrower (Company), including full legal names and addresses

2. Background: Sets out the context of the loan, relationship between parties, and purpose of the facility

3. Definitions: Defines key terms used throughout the document

4. Loan Amount and Purpose: Specifies the principal amount and permitted use of the loan proceeds

5. Interest: Details the interest rate, calculation method, and payment periods

6. Repayment Terms: Specifies repayment schedule, prepayment rights, and maturity date

7. Conditions Precedent: Lists conditions that must be satisfied before the loan becomes effective

8. Representations and Warranties: Standard corporate representations and specific declarations regarding the company's status

9. Covenants: Positive and negative undertakings by the borrower

10. Events of Default: Circumstances that trigger default and acceleration of the loan

11. Taxes: Addresses tax obligations and withholding requirements

12. Governing Law and Jurisdiction: Specifies Philippine law as governing law and jurisdiction for disputes

1. Repayment Schedule: Detailed schedule of repayment dates and amounts

2. Form of Drawdown Notice: Standard form for requesting loan disbursements

3. Conditions Precedent Documents: List of required documents and conditions to be satisfied

4. Security Details: Description of any security or collateral (if applicable)

5. Calculation of Interest: Detailed methodology for interest calculations

6. Required Authorizations: List of corporate and regulatory approvals needed

7. Form of Compliance Certificate: Template for periodic compliance certification