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Guarantee Facility Agreement
"Need a Guarantee Facility Agreement for our Singapore subsidiary to provide multiple performance guarantees up to SGD 10 million to support our construction projects in Southeast Asia, with quarterly reporting requirements and specific provisions for early termination."
1. Parties: Identifies all parties to the agreement including guarantor, beneficiary, and principal debtor
2. Background: Context of the guarantee facility and underlying obligations
3. Definitions: Key terms used throughout the agreement
4. Facility Terms: Details of the guarantee facility including amount, purpose, and availability period
5. Guarantee Provisions: Core terms of the guarantee including scope and nature of obligations
6. Representations and Warranties: Statements of fact and assurances given by the guarantor
7. Covenants: Ongoing obligations of the guarantor
8. Events of Default: Circumstances triggering default and consequences
1. Security Provisions: Additional provisions required when the guarantee is secured by collateral
2. Counter-Indemnity: Provisions for reimbursement of the guarantor by the principal debtor
3. Commission and Fees: Payment terms and fee structure for the guarantee facility
1. Form of Demand: Standard format for making demands under the guarantee
2. Form of Guarantee: Template of individual guarantees to be issued under the facility
3. Fee Schedule: Details of fees and charges applicable to the facility
4. Conditions Precedent: List of documents and conditions required before facility becomes effective
5. Security Documents: List and/or copies of related security documents where applicable
Authors
Availability Period
Banking Day
Base Currency
Beneficiary
Business Day
Conditions Precedent
Default
Event of Default
Facility
Facility Amount
Facility Documents
Fee Letter
Finance Documents
Financial Indebtedness
Guarantee
Guarantee Commission
Guarantee Limit
Guaranteed Obligations
Guarantor
Interest Period
Law
Material Adverse Effect
Original Jurisdiction
Permitted Security
Principal Debtor
Relevant Jurisdiction
Security
Security Documents
Singapore Dollars
Subsidiary
Tax
Termination Date
Unpaid Sum
Utilisation
Utilisation Date
Utilisation Request
Facility Terms
Purpose
Conditions Precedent
Utilisation
Guarantee Provisions
Multiple Guarantees
Duration
Commission and Fees
Payments
Tax Gross-up
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Assignment and Transfer
Set-off
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Amendments and Waivers
Counterparts
Governing Law
Enforcement
Jurisdiction
Service of Process
Indemnities
Currency
Security Provisions
Counter-Indemnity
Costs and Expenses
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