Document background
The Non-Recourse Loan Agreement is a crucial financing instrument in Singapore's project finance and real estate sectors. It provides a structured framework for lending arrangements where the lender's recovery is strictly limited to specified collateral, typically high-value assets or revenue-generating projects. This document type, governed by Singapore law, is particularly valuable for project-specific financing where investors seek to ring-fence their liability. The agreement includes detailed provisions for security arrangements, collateral management, default scenarios, and recovery procedures, all while ensuring compliance with Singapore's regulatory framework, including the Banking Act and MAS guidelines.
