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Guarantor In Loan Agreement
"I need a Guarantor In Loan Agreement for a corporate loan of SGD 5 million where our parent company will act as guarantor, with the agreement to take effect from March 1, 2025, and include specific cross-default provisions with our existing facility agreements."
1. Parties: Identifies and defines all parties: Lender, Borrower, and Guarantor
2. Background: Explains the context of the loan and guarantee arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Guarantee and Indemnity: Core terms of the guarantee, including scope and extent of guarantor's liability
5. Guarantor's Representations and Warranties: Statements of fact and assurances provided by the guarantor
6. Duration of Guarantee: Terms regarding the duration and termination of the guarantee
7. Enforcement Rights: Lender's rights to enforce the guarantee
1. Security Provisions: Details of any security provided by the guarantor - use when the guarantee is secured by specific assets
2. Multiple Guarantors: Provisions for joint and several liability - use when there is more than one guarantor
3. Cross-Default: Provisions linking this guarantee to other agreements - use when there are related loan agreements or guarantees
1. Schedule 1 - Principal Loan Agreement: Copy or summary of the main loan agreement being guaranteed
2. Schedule 2 - Security Details: Details of any security provided under the guarantee
3. Schedule 3 - Guarantor's Statement of Assets: Declaration of guarantor's financial position
Authors
Borrower
Business Day
Default
Default Interest
Effective Date
Event of Default
Facility
Facility Agreement
Financial Indebtedness
Guarantee
Guaranteed Obligations
Guarantor
Lender
Loan
Material Adverse Effect
Outstanding Amount
Party/Parties
Principal Agreement
Secured Obligations
Security
Security Documents
SGD or Singapore Dollars
Termination Date
Transaction Documents
Representations and Warranties
Continuing Security
Principal Debtor
Payments
Interest
Default Interest
Costs and Expenses
Taxes
Discharge and Release
Assignment and Transfer
Notices
Amendments and Waivers
Severability
Counterparts
Governing Law
Jurisdiction
Limitation of Liability
Set-off Rights
Further Assurance
Information and Disclosure
Enforcement Rights
Subordination
Joint and Several Liability
Non-Competition
Discharge of Security
Power of Attorney
Remedies and Waivers
Confidentiality
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