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Guarantee And Collateral Agreement
"Need a Guarantee And Collateral Agreement for our Singapore subsidiary to secure a USD 5 million loan from ABC Bank, with the parent company acting as guarantor and offering inventory and receivables as collateral, to be completed by March 2025."
1. Parties: Identification of guarantor, secured party, and debtor
2. Background: Context of the underlying obligation and security arrangement
3. Definitions: Key terms used throughout the agreement
4. Guarantee Provisions: Terms of the guarantee, including scope and limitations
5. Grant of Security Interest: Description of collateral and security interest being created
6. Representations and Warranties: Statements about collateral ownership and authority to grant security
7. Covenants: Ongoing obligations regarding collateral maintenance
8. Events of Default: Circumstances triggering enforcement rights
9. Enforcement Rights: Rights and remedies upon default
1. Currency Provisions: Required for cross-border transactions involving parties in different jurisdictions
2. Tax Provisions: Allocation of tax responsibilities when significant tax implications exist
3. Insurance Requirements: Obligations to maintain insurance on collateral when assets require protection
1. Schedule of Collateral: Detailed description of all collateral assets
2. Form of Notice: Standard form for notifications to third parties
3. Perfection Requirements: List of actions required to perfect security interests
4. Existing Encumbrances: List of pre-existing security interests or liens
Authors
Additional Secured Parties
Applicable Law
Business Day
Collateral
Collateral Account
Collateral Documents
Default
Default Rate
Enforcement Event
Event of Default
Facility Agreement
Financial Indebtedness
Guarantee
Guarantee Obligations
Guaranteed Parties
Indemnified Parties
Lien
Loan Documents
Material Adverse Effect
Obligations
Permitted Liens
Principal Documents
Proceeds
Secured Obligations
Secured Parties
Security
Security Agent
Security Assets
Security Documents
Security Interest
Security Period
Singapore Business Day
Specified Currency
Transaction Documents
UCC
Guarantee
Grant of Security Interest
Perfection of Security
Representations and Warranties
General Covenants
Negative Pledges
Further Assurance
Enforcement of Security
Power of Attorney
Events of Default
Remedies
Application of Proceeds
Release of Security
Assignment and Transfer
Payments and Computations
Set-off Rights
Amendments and Waivers
Indemnification
Expenses and Costs
Notices
Severability
Counterparts
Governing Law
Jurisdiction
Service of Process
Waiver of Defenses
Subordination
Currency Conversion
Confidentiality
Entire Agreement
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