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An Inter Corporate Deposit Agreement is a crucial financial instrument used when one corporation wishes to deposit funds with another corporation in the Philippines. This arrangement is commonly utilized for treasury management, efficient allocation of corporate funds, and strategic financial planning. The document must comply with Philippine regulatory requirements, including BSP regulations, the General Banking Law of 2000, and relevant provisions of the Corporation Code. It typically specifies deposit terms, interest calculations, regulatory compliance requirements, tax provisions, and security arrangements if applicable. This agreement is particularly important for corporations looking to optimize their cash management while maintaining compliance with Philippine financial regulations and corporate governance requirements.

1. Parties: Identification of the depositor and deposit-taking corporation, including their corporate details and registered addresses

2. Background: Context of the agreement and the intention of the parties to enter into an inter-corporate deposit arrangement

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation

4. Deposit Terms: Core terms including deposit amount, term duration, interest rate, and payment frequency

5. Disbursement Mechanism: Process and conditions for the disbursement of the deposit amount

6. Interest and Calculations: Detailed provisions on interest calculation, payment dates, and computation methods

7. Repayment Terms: Conditions and process for repayment of the deposit, including any early repayment provisions

8. Representations and Warranties: Standard corporate representations and specific declarations required under Philippine law

9. Covenants: Ongoing obligations of both parties during the term of the deposit

10. Events of Default: Circumstances constituting default and consequences thereof

11. Tax Provisions: Treatment of taxes, including withholding tax requirements under Philippine law

12. Regulatory Compliance: Compliance with BSP regulations and other applicable Philippine laws

13. Notices: Process and requirements for formal communications between parties

14. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

15. Miscellaneous: Standard boilerplate provisions including amendments, waivers, and severability