¶¶Òõ¶ÌÊÓÆµ

Promissory Note And Security Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Promissory Note And Security Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Promissory Note And Security Agreement

"I need a Promissory Note and Security Agreement for a corporate loan of RM 2,000,000 to a Malaysian technology startup, with the company's shares serving as security, repayable by March 15, 2025, with monthly interest payments at 8% per annum."

Document background
A Promissory Note And Security Agreement is a vital financial and legal instrument used in Malaysian business transactions where a party requires both documentation of a debt obligation and security for its repayment. This document type is commonly used in lending arrangements, asset financing, and business transactions where credit is extended with security backing. It combines the features of a promissory note under the Bills of Exchange Act 1949 with security provisions that create enforceable rights over specific assets. The document is particularly useful in situations where parties want to avoid more complex loan documentation but still require adequate security and enforceability. It must comply with Malaysian legal requirements for both negotiable instruments and security creation, making it suitable for both corporate and individual transactions.
Suggested Sections

1. Parties: Identification of the Maker (borrower/promissor) and Payee (lender/promissee)

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

3. Definitions: Key terms used throughout the agreement

4. Promise to Pay: Unconditional promise to pay a specific sum, including interest rate and payment terms

5. Security Grant: Creation and terms of the security interest over specified assets

6. Representations and Warranties: Maker's declarations regarding their capacity and the security assets

7. Covenants: Ongoing obligations of the Maker regarding the secured assets and payment obligations

8. Events of Default: Circumstances constituting default and triggering enforcement rights

9. Enforcement Rights: Payee's rights and remedies upon default

10. Notices: Communication requirements and contact details

11. Governing Law and Jurisdiction: Specification of Malaysian law and jurisdiction

Optional Sections

1. Guarantor Provisions: Required when a third party guarantees the payment obligations

2. Insurance Requirements: Needed when security includes physical assets requiring insurance

3. Assignment and Transfer: Include when the note needs to be negotiable or transferable

4. Security Agent: Required when multiple lenders are involved requiring a security agent

5. Priority Arrangements: Needed when there are multiple security interests or lenders

6. Tax Provisions: Include when specific tax implications need to be addressed

7. Registration Requirements: Required when security needs specific registration under Malaysian law

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment dates, amounts, and interest calculations

2. Security Assets Schedule: Comprehensive description and details of the secured assets

3. Form of Notice: Template for any required notices under the agreement

4. Security Documents: Copies of relevant security registration forms or supporting documents

5. Conditions Precedent: List of documents and conditions required before the agreement becomes effective

6. Authorized Signatories: List of persons authorized to act on behalf of the parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses





























Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Trading and Commerce

Agriculture

Construction

Small and Medium Enterprises

Technology

Healthcare

Education

Relevant Teams

Legal

Finance

Risk Management

Treasury

Compliance

Credit Administration

Corporate Secretarial

Commercial Operations

Business Development

Relevant Roles

Legal Counsel

Finance Manager

Credit Officer

Risk Manager

Corporate Secretary

Chief Financial Officer

Treasury Manager

Loan Officer

Compliance Officer

Security Trustee

Commercial Director

Business Development Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Membership Pledge Agreement

A Malaysian law-governed agreement that establishes the terms, conditions, and mutual obligations between an organization and its members.

find out more

Security Interest Contract

A Malaysian law-governed agreement creating and documenting a security interest over specified assets, establishing rights and enforcement mechanisms for the security holder.

find out more

Stock Broker Agreement

A Malaysian-law governed agreement between a stock broker and client establishing terms for securities trading services and regulatory compliance.

find out more

Security Agreement For Promissory Note

A Malaysian law-governed agreement creating security interests to secure obligations under a promissory note, establishing creditor rights and enforcement mechanisms.

find out more

Penetration Testing Confidentiality Agreement

A Malaysian law-governed agreement establishing confidentiality obligations and operational parameters for penetration testing services, ensuring legal compliance and data protection.

find out more

Personal Property Security Agreement

A Malaysian law-governed agreement creating security interests over personal property to secure financial obligations, compliant with the Hire Purchase Act 1967.

find out more

Data Privacy Contract

Malaysian law-governed data privacy agreement establishing data processing obligations and compliance with PDPA 2010.

find out more

Pledge Security Agreement

A Malaysian law-governed security document creating a pledge over specific assets as collateral for securing obligations, subject to local registration and enforcement requirements.

find out more

Safe Deposit Box Lease Agreement

A Malaysian law-governed agreement between a bank and customer for leasing a safe deposit box, outlining usage terms, security procedures, and obligations of both parties.

find out more

Safe Deposit Box Rental Agreement

A Malaysian law-governed agreement between a bank and customer for safe deposit box rental services, compliant with local banking regulations.

find out more

Irrevocable Pledge Agreement

A Malaysian law-governed agreement creating an irrevocable security interest over assets in favor of a pledgee, establishing secured creditor rights and enforcement mechanisms.

find out more

Personal Security Agreement

A Malaysian law-governed agreement creating security interests over personal property to secure obligations, detailing terms of security creation, maintenance, and enforcement.

find out more

Security Deposit Installment Agreement

Malaysian-law governed agreement for payment of security deposits in installments, defining payment terms, deposit management, and return conditions.

find out more

Business Security Agreement

A Malaysian law-governed agreement creating security interests over business assets, establishing rights and obligations between secured creditors and business debtors.

find out more

Personal Loan Contract With Collateral

Malaysian law-governed agreement for a personal loan secured by collateral, detailing loan terms, security arrangements, and enforcement rights.

find out more

Shareholder Agreement Transfer Of Shares

A Malaysian law-governed agreement documenting the terms and conditions for the transfer of shares between shareholders, including transfer mechanics and post-transfer arrangements.

find out more

Deposit Pledge Agreement

A Malaysian law-governed agreement creating security over deposit accounts, establishing pledge terms and enforcement rights under Malaysian legislation.

find out more

Key Holding Agreement

A Malaysian law-governed agreement establishing terms for professional key holding services, including security protocols and liability provisions.

find out more

Inventory Security Agreement

A Malaysian law-governed agreement creating security interests over company inventory as collateral for financing arrangements.

find out more

Reinsurance Security Agreement

A Malaysian law-governed agreement establishing security arrangements and collateral requirements between a reinsured entity and reinsurer, compliant with Bank Negara Malaysia regulations.

find out more

Debenture Subscription Agreement

Malaysian law-governed agreement setting out terms for subscription to company-issued debentures, including commercial terms and regulatory compliance requirements.

find out more

Third Party Pledge Agreement

A Malaysian law-governed security document where a third party pledges assets to secure another party's debt obligations.

find out more

Commercial Security Agreement

A Malaysian law-governed agreement establishing security interests over assets to secure specified obligations, detailing enforcement rights and parties' obligations.

find out more

Stock Pledge Agreement

A Malaysian law security document creating a pledge over shares as collateral for obligations, compliant with local company and securities laws.

find out more

Collateral Security Agreement

A Malaysian law-governed agreement creating security interests over collateral to secure specified obligations, detailing terms for granting, maintaining, and enforcing the security.

find out more

Personal Data Protection Agreement

A Malaysian law-compliant agreement governing personal data processing rights and obligations under PDPA 2010.

find out more

Master Security Agreement

A Malaysian law-governed agreement establishing a framework for multiple security interests over various assets, setting out terms for creation, perfection, and enforcement of security.

find out more

Collateral Sharing Agreement

Malaysian law-governed agreement establishing rights and procedures for multiple creditors sharing common security interests, accommodating both conventional and Islamic financing structures.

find out more

Stock Lending Agreement

A Malaysian law-governed agreement establishing terms for securities lending transactions between institutional parties, compliant with local regulatory requirements.

find out more

Stock Issuance Agreement

A Malaysian law-governed agreement documenting the terms and conditions for issuing new company shares to subscribers.

find out more

Share Security Agreement

A Malaysian law-governed agreement creating security interests over shares, detailing pledge terms and enforcement rights in compliance with local company and securities laws.

find out more

Promissory Note And Security Agreement

A Malaysian law-governed instrument combining a promise to pay with security arrangements, establishing both debt obligations and asset security.

find out more

Collateral Access Agreement

A Malaysian law-governed agreement establishing terms for secured party access to collateral, including security protocols and access procedures.

find out more

Convertible Note Agreement

A Malaysian law-governed agreement establishing terms for convertible debt financing, including loan terms and equity conversion rights.

find out more

Third Party Security Agreement

A Malaysian law-governed agreement where a third party provides security for another party's obligations to a secured creditor.

find out more

Property Collateral Agreement

A Malaysian law-governed agreement creating a security interest over real property as collateral for financial obligations.

find out more

Pledge And Security Agreement

A Malaysian law-governed agreement creating security interests over specified assets, detailing pledge terms, security arrangements, and enforcement rights under Malaysian legal requirements.

find out more

Security Purchase Agreement

A Malaysian law-governed agreement documenting the terms and conditions for the sale and purchase of securities, ensuring compliance with local securities regulations.

find out more

Security Loan Agreement

A Malaysian law-governed agreement facilitating the temporary transfer of securities between parties, detailing loan terms, collateral requirements, and regulatory compliance.

find out more

Agreement For Security Deposit

A Malaysian law-governed agreement establishing terms for managing and releasing a security deposit between parties, including deposit amount, conditions, and parties' rights and obligations.

find out more

Master Repurchase Agreement

Malaysian law-governed framework agreement for repurchase transactions between financial institutions, incorporating local regulatory requirements and market practices.

find out more

Cross Collateral Agreement

A Malaysian law-governed agreement that enables multiple loans to be secured by shared collateral assets, or multiple assets to secure multiple loans, establishing cross-collateralization terms and security interests.

find out more

Asset Pledge Agreement

A Malaysian law-governed agreement establishing a security interest over specified assets, detailing pledge terms, perfection requirements, and enforcement mechanisms.

find out more

Intercreditor Agreement

A Malaysian law agreement establishing priorities and relationships between multiple creditors in a financing transaction.

find out more

Pledge Of Shares Agreement

A Malaysian law-governed agreement creating a security interest over shares, where a shareholder pledges their shares to a lender as collateral for financial obligations.

find out more

Overnight Reverse Repurchase Agreement

Malaysian law-governed agreement for overnight reverse repo transactions between financial institutions, compliant with BNM guidelines.

find out more

Loan Collateral Agreement

A Malaysian law-governed agreement establishing security interests over collateral to secure loan obligations, detailing creation, maintenance, and enforcement rights.

find out more

Film Investment Contract

A Malaysian law-governed agreement establishing terms for film project investment, including investment structure, rights, and profit-sharing mechanisms.

find out more

Collateral Pledge Agreement

A Malaysian law agreement establishing a pledge over assets as security for obligations, with provisions for creation, perfection, and enforcement of the security interest.

find out more

Stock Transfer Contract

A Malaysian law-governed agreement facilitating the legal transfer of shares between parties, ensuring compliance with local corporate and securities regulations.

find out more

Stock Exchange Agreement

A Malaysian law-governed agreement between Bursa Malaysia and trading participants establishing trading rights and obligations under Malaysian securities regulations.

find out more

Reverse Repurchase Agreement

A Malaysian law-governed agreement for the sale and repurchase of securities, documenting the terms of repo transactions under Bank Negara Malaysia's regulatory framework.

find out more

Contract Of Sale Of Shares

A Malaysian law-governed agreement documenting the sale and purchase of shares in a company, including transaction terms, warranties, and completion requirements.

find out more

Negative Pledge Agreement

A Malaysian law-governed agreement where a borrower commits not to create security interests over its assets in favor of other creditors, providing contractual protection to lenders.

find out more

Margin Lending Agreement

A Malaysian law-governed agreement establishing terms for margin lending facilities, including collateral requirements and regulatory compliance under Malaysian financial services laws.

find out more

Security Lending Agreement

A Malaysian law-governed agreement establishing terms for securities lending between parties, compliant with local capital markets regulations and financial services requirements.

find out more

Cash Collateral Agreement

A Malaysian law-governed agreement establishing terms for providing and maintaining cash collateral security, including delivery, maintenance, and enforcement provisions.

find out more

Deposit Control Agreement

A Malaysian law-governed agreement establishing control over deposit accounts in secured financing arrangements, defining rights and procedures for account control between depositor, bank, and secured party.

find out more

Stock Repurchase Agreement

A Malaysian law-governed agreement detailing terms and conditions for a company's repurchase of its own shares from existing shareholders.

find out more

General Security Agreement

A Malaysian law-governed security document creating enforceable security interests over specified assets, compliant with local registration and enforcement requirements.

find out more

Collateral Contract

A Malaysian law security document establishing terms for assets pledged as collateral to secure contractual obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.