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Personal Guarantee Promissory Note
"I need a Personal Guarantee Promissory Note for a business loan of SGD 500,000 where my company's director will personally guarantee the loan, with quarterly interest payments and final repayment due by March 2025."
1. Parties: Identification of guarantor and beneficiary with full legal names and addresses
2. Background: Context of the guarantee and underlying debt, including reference to any principal debt agreement
3. Definitions: Key terms used in the document including 'Principal Sum', 'Interest Rate', 'Due Date', and other relevant defined terms
4. Promise to Pay: Unconditional promise to pay the specified amount, including the exact sum and currency
5. Payment Terms: Detailed terms including payment amount, due date, payment method, and place of payment
6. Guarantee Provisions: Nature and scope of the guarantee, including the guarantor's obligations and liability
7. Execution: Signature blocks, witnessing requirements, and execution formalities
1. Interest Provisions: Terms for interest charges, including interest rate, calculation method, and payment frequency
2. Security Provisions: Details of any security provided to support the guarantee
3. Assignment: Provisions regarding the ability to assign or transfer the note
4. Representations and Warranties: Guarantor's declarations regarding capacity, authority, and financial condition
1. Payment Schedule: Detailed breakdown of payment installments including dates and amounts
2. Security Details: Comprehensive description of any security provided including asset details
3. Principal Debt Details: Details of the underlying debt being guaranteed including amount and terms
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