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A Secured Loan Note is commonly used in Irish financing transactions where lenders require security over specific assets as collateral for their loan. This document is essential in both corporate and commercial lending scenarios, providing a comprehensive framework for the loan terms and security arrangements. It is particularly relevant when dealing with significant loan amounts or when specific assets are being used as collateral. The document must comply with Irish security registration requirements, stamp duty obligations, and financial services regulations. A Secured Loan Note typically includes detailed provisions for loan terms, security creation and perfection, enforcement rights, and remedies in case of default, all structured within the Irish legal framework. It's commonly used in business expansions, asset acquisitions, real estate transactions, and general corporate financing needs.

1. Parties: Identification of the Lender, Borrower, and any Security Trustee if applicable

2. Background: Context of the loan arrangement and security structure

3. Definitions and Interpretation: Key terms used throughout the document and interpretation rules

4. Loan Amount and Purpose: Principal amount, purpose of the loan, and any conditions precedent

5. Interest: Interest rate, calculation method, payment dates, and default interest provisions

6. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics

7. Security: Description of security interest, creation of charge, and perfection requirements

8. Representations and Warranties: Standard representations regarding capacity, authority, and collateral

9. Covenants: Positive and negative obligations of the Borrower regarding the loan and security

10. Events of Default: Circumstances constituting default and consequences

11. Enforcement: Rights and remedies upon default, including power of sale

12. Payments and Calculations: Payment mechanics, business day conventions, and calculation methods

13. Assignment and Transfer: Provisions regarding transferability of the note and security

14. Notices: Communication requirements and contact details

15. Governing Law and Jurisdiction: Irish law as governing law and jurisdiction provisions