Ƶ

Non Recourse Loan Agreement for Philippines

Non Recourse Loan Agreement Template for Philippines

A Non-Recourse Loan Agreement governed by Philippine law is a specialized financing document where the lender's recovery is limited solely to specific collateral assets, without recourse to the borrower's other assets. This agreement, compliant with Philippine banking regulations and the Truth in Lending Act, establishes the terms of the loan, details the specific collateral, and explicitly limits the lender's enforcement rights. It includes comprehensive provisions for collateral valuation, maintenance, and enforcement procedures while incorporating mandatory Philippine law requirements for lending transactions and security interests.

Your data doesn't train Genie's AI

You keep IP ownership of your information

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

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Non Recourse Loan Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Non Recourse Loan Agreement?

The Non-Recourse Loan Agreement is a specialized financing instrument used in the Philippines when lenders agree to look solely to specific collateral for loan repayment, without the ability to claim against the borrower's other assets. This type of agreement is commonly used in project finance, real estate development, and asset-based lending where the underlying assets generate cash flow for repayment. The document must comply with Philippine banking regulations, the Truth in Lending Act, and relevant provisions of the Civil Code. It is particularly suitable for large-scale projects where sponsors seek to limit their liability to the project assets, or in real estate financing where the property itself serves as the sole security. The agreement includes detailed provisions for collateral description, valuation, maintenance, and enforcement procedures, while incorporating mandatory Philippine law requirements for lending transactions and security interests.

What sections should be included in a Non Recourse Loan Agreement?

1. Parties: Identification of the Lender and Borrower with complete legal names and addresses

2. Background: Context of the loan agreement and brief description of the transaction structure

3. Definitions and Interpretation: Key terms used throughout the agreement, including specific Philippine law references

4. The Facility: Loan amount, purpose, and explicit statement of non-recourse nature

5. Conditions Precedent: Requirements to be met before loan disbursement

6. Collateral: Detailed description of the specific assets securing the loan

7. Representations and Warranties: Borrower's statements regarding legal status, authority, and collateral ownership

8. Covenants: Ongoing obligations regarding collateral maintenance and reporting

9. Events of Default: Circumstances constituting default and limited recourse remedies

10. Enforcement: Process for enforcing security interest in collateral upon default

11. Payments: Payment terms, interest calculations, and payment mechanics

12. Costs and Expenses: Allocation of transaction costs and enforcement expenses

13. Notices: Communication procedures between parties

14. Governing Law and Jurisdiction: Philippine law as governing law and jurisdiction provisions

15. Boilerplate Provisions: Standard contract provisions adapted to Philippine law requirements

What sections are optional to include in a Non Recourse Loan Agreement?

1. Security Trustee Provisions: Required when multiple lenders are involved, establishing security trustee role and responsibilities

2. Intercreditor Provisions: Needed for multiple lenders to establish priority and enforcement rights

3. SPV Provisions: Special provisions when the borrower is a special purpose vehicle

4. Insurance: Detailed insurance requirements when collateral requires specific insurance coverage

5. Environmental Matters: Required for real estate collateral to address environmental risks and compliance

6. Multiple Disbursement Conditions: When loan is to be disbursed in multiple tranches

7. Regulatory Compliance: Additional sections required for regulated borrowers or specific industries

8. Tax Provisions: Detailed tax provisions when transaction has specific tax implications or structures

What schedules should be included in a Non Recourse Loan Agreement?

1. Schedule 1 - Collateral Description: Detailed technical description of the collateral assets

2. Schedule 2 - Form of Drawdown Notice: Standard form for requesting loan disbursement

3. Schedule 3 - Conditions Precedent Documents: List of required documents for loan disbursement

4. Schedule 4 - Repayment Schedule: Detailed payment amounts and dates

5. Schedule 5 - Form of Security Documents: Forms of mortgages, pledges, or other security documents

6. Schedule 6 - Disclosure Statement: Truth in Lending Act disclosures

7. Schedule 7 - Insurance Requirements: Detailed insurance requirements for the collateral

8. Appendix A - Calculation of Interest: Detailed methodology for interest calculations

9. Appendix B - Form of Compliance Certificate: Standard form for periodic compliance reporting

Authors

Alex Denne

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

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Finance Agreement

Cost

Free to use
Relevant legal definitions



























































Clauses












































Relevant Industries

Banking and Finance

Real Estate Development

Infrastructure

Energy and Power

Mining

Construction

Manufacturing

Transportation

Telecommunications

Shipping and Maritime

Relevant Teams

Legal

Finance

Risk Management

Credit

Compliance

Treasury

Project Finance

Real Estate Finance

Investment Banking

Portfolio Management

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Risk Manager

Credit Officer

Project Finance Manager

Real Estate Finance Manager

Treasury Manager

Compliance Officer

Investment Officer

Asset Manager

Portfolio Manager

Loan Officer

Transaction 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

Personal Auto Loan Contract

A Philippine-law governed agreement for vehicle purchase financing, establishing loan terms and security arrangements in compliance with local banking and consumer protection regulations.

Download

Commercial Loan Contract

A Philippine law-governed agreement establishing terms and conditions for a commercial loan between a financial institution and a business borrower.

Download

Family Member Loan Agreement

A Philippine law-governed agreement that formalizes loan arrangements between family members, establishing clear terms while maintaining familial relationships.

Download

Business Investment Loan Agreement

A Philippine law-governed agreement establishing terms for a business investment loan between a financial institution and corporate borrower, including loan terms, security arrangements, and regulatory compliance requirements.

Download

Legal Financial Agreement Between Two Parties

A Philippine law-governed agreement establishing financial obligations between two parties, incorporating local regulatory requirements and transaction frameworks.

Download

Diy Loan Agreement

A comprehensive loan agreement template for use in the Philippines, ensuring compliance with local lending laws while protecting both lender and borrower interests.

Download

Employees Loan Agreement

A Philippine law-compliant agreement establishing terms and conditions for an employer-provided loan to an employee, including repayment through salary deductions.

Download

Model Loan Agreement

Standard loan agreement template compliant with Philippine law and banking regulations, suitable for various lending transactions.

Download

Master Securities Loan Agreement

A Philippine law-governed framework agreement for securities lending transactions between financial institutions, establishing terms for multiple securities loans.

Download

Film Equity Investment Agreement

A Philippine-law governed agreement establishing terms for equity investment in a film project, including investment structure, rights, and profit sharing arrangements.

Download

Interest Loan Agreement

A Philippine law-governed agreement establishing terms for a loan with interest, including principal amount, interest rates, repayment terms, and security arrangements.

Download

Co Financing Agreement

A legal agreement under Philippine law establishing terms for multiple parties to jointly finance a project, including rights, obligations, and coordination mechanisms between co-financiers.

Download

Loan And Guarantee Agreement

A Philippine law-governed agreement establishing terms for a loan facility and associated guarantee, combining lending terms with guarantee obligations under Philippine banking regulations.

Download

Mortgage Loan Assumption Agreement

A Philippine law-governed agreement that enables the transfer of mortgage loan obligations from an original borrower to an assuming party, outlining terms, conditions, and obligations of all parties involved.

Download

Deed Of Accession Loan Agreement

A Philippine law-governed deed that enables a new party to join and become bound by an existing loan agreement's terms and conditions.

Download

Co Borrower Loan Agreement

A Philippine law-governed agreement establishing joint liability between multiple borrowers for a loan, detailing terms, obligations, and shared responsibilities.

Download

Bridge Loan Contract

A Philippine law-governed agreement establishing terms for temporary financing through a bridge loan, ensuring compliance with local banking regulations while securing interim funding needs.

Download

Undertaking Loan Agreement

A Philippine law-governed loan agreement specifying terms, conditions, and obligations between lender and borrower, compliant with local banking regulations.

Download

Trade Finance Agreement

A Philippine law-governed agreement establishing trade finance facilities between a bank and borrower, setting out facility terms, security arrangements, and regulatory compliance requirements.

Download

Separation Financial Agreement

A Philippine law-governed agreement that formalizes the financial arrangements and asset division between separating spouses.

Download

Project Finance Contract

A Philippine law-governed financing agreement for large-scale infrastructure or development projects, establishing terms for project financing, security arrangements, and implementation requirements.

Download

Margin Loan Agreement

A Philippine law-governed agreement establishing terms for loans secured by securities as collateral, including margin requirements and enforcement provisions.

Download

Loan Swap Agreement

A Philippine law-governed agreement enabling the exchange of loan payment obligations between parties, including interest rate and/or currency swaps, with compliance to local banking regulations.

Download

Loan Borrower Agreement

A Philippine law-governed agreement establishing terms and conditions for a loan between a lender and borrower, ensuring compliance with local banking and financial regulations.

Download

Friends And Family Loan Agreement

A Philippine law-governed agreement that formalizes and documents loan arrangements between family members or friends, establishing clear terms and protecting both parties' interests.

Download

Financing Contract Agreement

A Philippine law-governed agreement establishing terms and conditions for a financing arrangement between lender and borrower, including facility details, security, and regulatory compliance requirements.

Download

Debt Agreement Loans

A Philippine law-governed agreement establishing loan terms between lender and borrower, including amount, interest, repayment schedule, and security arrangements.

Download

Car Mortgage Agreement

A Philippine law-governed agreement establishing a security interest in a vehicle as collateral for a loan, detailing financing terms and parties' obligations.

Download

Car Installment Agreement

A Philippine law-governed agreement establishing terms for vehicle purchase through installment payments, including financing terms, ownership rights, and party obligations.

Download

Business Loan Contract

A Philippine law-governed agreement establishing terms and conditions for a business loan between a financial institution and a business entity.

Download

Bridge Facility Agreement

A temporary financing arrangement under Philippine law providing interim funding until permanent financing is secured, subject to local banking regulations and BSP requirements.

Download

Installment Loan Agreement Promissory Note

A Philippine law-governed combined installment loan agreement and promissory note that establishes loan terms, repayment schedules, and security arrangements.

Download

Commercial Finance Agreement

A Philippine law-governed agreement establishing terms and conditions for commercial financing between a lender and corporate borrower.

Download

Mortgage Bond Agreement

A Philippine law-governed agreement establishing terms for issuing bonds secured by real estate mortgage, detailing security interests, bond terms, and regulatory compliance requirements.

Download

Master Asset Finance Agreement

A Philippine law-governed master agreement establishing terms for multiple asset-based financing transactions between financier and borrower.

Download

Car Loan Security Agreement

A Philippine-law governed security agreement creating a lender's security interest over a financed vehicle, incorporating mandatory consumer protection provisions and disclosure requirements.

Download

Small Business Loan Agreement

A Philippine-law governed agreement establishing terms and conditions for lending to small businesses, including loan terms, security arrangements, and regulatory compliance requirements.

Download

Recourse Loan Agreement

A Philippine law-governed loan agreement giving the lender rights to pursue the borrower's assets beyond collateral in case of default.

Download

Loan Agreement Between Lender Borrower And Guarantor

A Philippine law-governed agreement establishing loan terms between lender, borrower, and guarantor, including loan conditions, guarantor obligations, and security provisions.

Download

Loan Amortization Agreement

A Philippine-compliant agreement detailing loan terms and structured repayment schedules through regular amortization installments.

Download
See more related templates

ұԾ’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; ұԾ’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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