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The Loan Agreement Form With Collateral is a crucial legal instrument used in the Philippines when a lender provides financing secured by specific assets of the borrower. This document is essential for both financial institutions and borrowers seeking secured financing arrangements under Philippine law. It combines standard loan provisions with specific security interest requirements, ensuring compliance with the Civil Code of the Philippines, the Personal Property Security Act, and other relevant banking and security regulations. The agreement is particularly important in commercial lending, providing lenders with enforceable security rights while giving borrowers access to potentially better lending terms due to the collateral backing. The document includes detailed sections on collateral description, valuation, maintenance obligations, and enforcement procedures, making it suitable for various types of secured lending transactions in the Philippine context.

1. Parties: Identifies and defines the Lender and Borrower with complete legal names and addresses

2. Background: Explains the context of the loan and the parties' intention to enter into the agreement

3. Definitions: Defines key terms used throughout the agreement, including loan amount, interest rate, collateral, and other relevant terms

4. Loan Details: Specifies the principal amount, purpose of the loan, and disbursement terms

5. Interest and Fees: Details the interest rate, calculation method, and any applicable fees

6. Repayment Terms: Outlines the repayment schedule, payment methods, and prepayment provisions

7. Collateral: Describes the assets provided as security, including detailed identification and valuation

8. Security Interest: Establishes the legal framework for the security interest in the collateral

9. Representations and Warranties: Sets forth the parties' representations regarding their legal capacity and the collateral

10. Covenants: Lists ongoing obligations of the borrower regarding maintenance of collateral and financial conditions

11. Events of Default: Defines circumstances constituting default and consequences

12. Enforcement Rights: Details the lender's rights and remedies upon default, including collateral seizure

13. Governing Law: Specifies Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and notarization requirements