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The Loan Repayment Agreement is a crucial document used when parties need to formalize or restructure the repayment terms of an existing loan under Hong Kong law. This agreement is particularly relevant when the original loan terms need modification, when consolidating multiple loans, or when establishing a formal repayment plan for an informal loan. The document ensures compliance with Hong Kong's Money Lenders Ordinance and related financial regulations, providing clear terms for repayment, interest calculations, and consequences of default. It's essential for both individual and corporate lending scenarios, offering protection to all parties by clearly documenting the debt acknowledgment, payment schedule, and any security arrangements. The agreement can be customized to include various security mechanisms, guarantees, and specific terms while maintaining enforceability under Hong Kong's legal framework.

1. Parties: Identification of the lender and borrower with their full legal names and addresses

2. Background: Recitals explaining the context of the original loan and the need for this repayment agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Acknowledgment of Debt: Formal acknowledgment of the outstanding loan amount and original loan details

5. Repayment Terms: Detailed terms of repayment including amount, schedule, and method of payment

6. Interest: Interest rate, calculation method, and payment schedule in compliance with Hong Kong interest rate regulations

7. Default and Consequences: Definition of events of default and their consequences

8. Representations and Warranties: Standard representations and warranties from the borrower

9. Covenants: Ongoing obligations of the borrower during the repayment period

10. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes

11. Notices: Process and addresses for serving formal notices under the agreement

12. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments