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1. Parties: Identification of the Maker (promissor), Payee (promissee), and Trustee(s)
2. Background: Context of the debt obligation and reason for establishing the trust arrangement
3. Definitions: Definitions of key terms used throughout the document
4. Promise to Pay: Unconditional promise to pay a specific sum, including the principal amount and payment terms
5. Interest Rate: Specification of interest rate, calculation method, and payment frequency
6. Trust Creation: Establishment of the trust, its purpose, and designation of trust property
7. Trustee Powers and Duties: Detailed description of trustee authority, responsibilities, and limitations
8. Security: Description of any assets or property securing the promissory note
9. Default Provisions: Consequences of default and remedies available to the payee
10. Trust Administration: Procedures for trust management and administration
11. Termination: Conditions and procedures for terminating the trust arrangement
12. Governing Law: Specification of South African law as governing law
13. Signatures: Execution blocks for all parties
1. Acceleration Clause: Optional provision allowing the payee to demand full payment under specified circumstances
2. Prepayment Terms: Include when early payment options are permitted, specifying any penalties or conditions
3. Successor Trustee Provisions: Include when specific provisions for trustee succession are needed
4. Collection Costs: Optional section detailing responsibility for costs of collection in case of default
5. Trust Income Distribution: Include when trust generates income that needs to be distributed
6. Amendment Procedures: Include when parties want specific procedures for modifying the agreement
7. Arbitration Clause: Optional dispute resolution mechanism through arbitration
8. Trust Protector Provisions: Include when additional oversight of the trust is desired
1. Payment Schedule: Detailed schedule of payment amounts, dates, and installment structure
2. Trust Property Schedule: Comprehensive list and description of all property held in trust
3. Security Details: Detailed description of any collateral or security arrangements
4. Trustee Compensation Schedule: Schedule of trustee fees and compensation structure
5. Beneficiary Distribution Schedule: If applicable, schedule of planned distributions to beneficiaries
6. Required Notices: Forms and templates for required notices under the agreement
Applicable Law
Business Day
Default
Default Rate
Due Date
Effective Date
Event of Default
Interest Rate
Maker
Maturity Date
Outstanding Balance
Payee
Payment Date
Permitted Transferee
Principal Amount
Secured Obligations
Security
Trust
Trust Assets
Trust Deed
Trust Income
Trust Property
Trustee
Trust Protector
Successor Trustee
Security Interest
Beneficiary
Distributions
Encumbrance
Material Adverse Effect
Notice
Parties
Permitted Purpose
Prepayment
Related Persons
Signature Date
Term
Transaction Documents
Interest Rate and Calculations
Security
Default and Remedies
Trust Creation
Trust Property
Trustee Powers
Trustee Duties
Trustee Compensation
Trust Administration
Representations and Warranties
Assignment and Transfer
Notices
Amendment and Modification
Termination
Successors and Assigns
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Waiver
Costs and Expenses
Indemnification
Confidentiality
Tax Matters
Acceleration
Prepayment
Registration and Stamp Duty
Trust Protector Powers
Beneficiary Rights
Recording and Registration
Financial Services
Banking
Real Estate
Investment Management
Private Wealth Management
Construction
Agriculture
Mining
Manufacturing
Professional Services
Family Business
Non-Profit Organizations
Legal
Finance
Compliance
Risk Management
Credit
Trust Administration
Corporate Secretariat
Wealth Management
Investment
Property Management
Chief Financial Officer
Finance Director
Trust Administrator
Legal Counsel
Corporate Lawyer
Financial Manager
Credit Manager
Risk Manager
Trust Officer
Wealth Manager
Investment Manager
Property Manager
Compliance Officer
Company Secretary
Estate Planner
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