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Note And Security Agreement
"Need a Note and Security Agreement under Singapore law for a SGD 2 million business loan to be secured against company equipment and receivables, with quarterly interest payments and full repayment by March 2025."
1. Parties: Identification of lender and borrower/security provider
2. Background: Context of the loan and security arrangement
3. Definitions: Key terms used throughout the agreement
4. Loan Terms: Principal amount, interest rate, repayment schedule
5. Security Grant: Description of security interest being granted
6. Representations and Warranties: Statements of fact by the security provider
7. Covenants: Ongoing obligations of the security provider
8. Events of Default: Circumstances triggering enforcement rights
9. Enforcement: Rights and remedies upon default
1. Guarantee Provisions: Additional provisions applicable when a third-party guarantee is included for the loan
2. Intercreditor Provisions: Provisions governing arrangements between multiple creditors when more than one lender is involved
3. Currency Provisions: Provisions dealing with foreign exchange considerations for cross-border transactions
1. Schedule of Secured Assets: Detailed list and description of assets subject to security
2. Repayment Schedule: Detailed schedule of payment dates and amounts
3. Form of Notice: Template notices required for perfection of security
4. Conditions Precedent: List of required documents and conditions to be satisfied
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