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The Loan Pledge Agreement is a crucial document in secured lending transactions under Philippine law, commonly used when a borrower needs financing while offering specific assets as security. This document serves dual purposes: it establishes the terms of the loan (including amount, interest, and repayment schedule) and creates a pledge over specific assets as security. Used extensively in commercial lending, the agreement must comply with Philippine Civil Code provisions regarding pledges, the Truth in Lending Act, and BSP regulations. The document is particularly important for businesses seeking working capital or expansion financing, as it provides lenders with security while giving borrowers access to needed funds. The pledge component requires detailed description of the pledged assets and specific procedures for creation, maintenance, and enforcement of the security interest in accordance with Philippine law.

1. Parties: Identification of the Lender and Borrower/Pledgor, including their complete legal names, addresses, and tax identification numbers as required by Philippine law

2. Background: Context of the loan and pledge arrangement, including the purpose of the loan and the relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement, including 'Pledged Property', 'Secured Obligations', 'Event of Default', etc.

4. Loan Terms: Details of the loan including principal amount, interest rate, payment schedule, and method of payment in compliance with Philippine usury laws

5. Pledge: Creation of the pledge, description of pledged property, and confirmation of ownership and authority to pledge

6. Delivery and Possession: Terms regarding the delivery and possession of the pledged property as required under Philippine Civil Code

7. Representations and Warranties: Standard representations regarding authority, ownership, and condition of pledged property

8. Covenants: Ongoing obligations of the Pledgor regarding maintenance, insurance, and preservation of the pledged property

9. Events of Default: Circumstances constituting default under both the loan and pledge aspects

10. Enforcement Rights: Lender's rights upon default, including sale of pledged property in accordance with Philippine law

11. Expenses and Indemnification: Allocation of costs and expenses related to the pledge and enforcement

12. Governing Law and Jurisdiction: Specification of Philippine law as governing law and choice of courts

13. Notices: Process for giving formal notices between parties

14. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments