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Promissory Note And Security Agreement
"I need a Promissory Note And Security Agreement under Singapore law for a SGD 2 million business loan to be secured against company equipment, with monthly repayments over 36 months starting from March 2025."
1. Parties: Identification of lender and borrower
2. Background: Context of the loan and security arrangement
3. Definitions: Key terms used in the agreement
4. Promise to Pay: Core obligation to repay the principal amount
5. Interest Rate: Specification of interest rate and calculation method
6. Security Interest: Description of collateral and security arrangement
7. Payment Terms: Schedule and method of payments
8. Events of Default: Circumstances constituting default
9. Enforcement Rights: Lender's rights upon default
1. Prepayment Provisions: Terms for early repayment when permitted
2. Guarantor Provisions: Terms relating to guarantors when a guarantor is involved
3. Insurance Requirements: Requirements for insuring collateral when applicable
4. Assignment Rights: Terms for transferring rights under the note when assignment is to be included
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Collateral Schedule: Detailed description of security assets
3. Interest Calculation Schedule: Detailed method for calculating interest
4. Form of Notice: Template for default notices or other communications
Authors
Applicable Law
Borrower
Business Day
Collateral
Default
Default Interest
Default Rate
Encumbrance
Event of Default
Interest Period
Interest Rate
Lender
Loan
Maturity Date
Payment Date
Permitted Security Interest
Principal Amount
Promissory Note
Repayment Schedule
Security
Security Assets
Security Interest
Security Period
Singapore Dollars
SGD
Secured Obligations
Transaction Documents
Working Day
Interest
Security Interest
Representations and Warranties
Grant of Security
Covenants
Default
Acceleration
Enforcement
Payment Terms
Prepayment
Security Perfection
Further Assurance
Assignment
Notices
Remedies
Indemnification
Costs and Expenses
Amendments
Severability
Waiver
Set-off
Governing Law
Jurisdiction
Counterparts
Registration
Insurance
Maintenance of Collateral
Stamp Duty
Confidentiality
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