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The Promissory Note Shareholder Loan To Corporation is a crucial document used in Philippine corporate finance when a shareholder provides funding to their corporation through a loan arrangement. This document is particularly relevant when corporations need additional capital but prefer not to dilute ownership through equity issuance or when traditional bank financing is not optimal. The document must comply with Philippine corporate law, securities regulations, and tax requirements, including the Revised Corporation Code and relevant Central Bank regulations. It typically includes detailed terms about the loan amount, interest rates, payment schedules, and any security arrangements, while also addressing corporate governance requirements specific to shareholder loans. This type of agreement is commonly used in both small and large corporations across the Philippines, especially during expansion phases, working capital needs, or when immediate funding is required.

1. Parties: Identification of the Lender (Shareholder) and Borrower (Corporation), including complete legal names, addresses, and tax identification numbers

2. Background: Brief context explaining the shareholder relationship and purpose of the loan

3. Definitions: Key terms used in the document, including 'Interest Rate', 'Maturity Date', 'Event of Default', etc.

4. Promise to Pay: Unconditional promise to pay the principal amount with specified interest rate

5. Loan Amount and Disbursement: Statement of the principal amount and how/when it will be disbursed

6. Interest Rate and Calculation: Specification of interest rate, calculation method, and payment frequency

7. Payment Terms: Details of repayment schedule, including maturity date and any installment provisions

8. Prepayment Rights: Terms governing early repayment of the loan

9. Events of Default: Circumstances that constitute default and consequences thereof

10. Representations and Warranties: Basic corporate representations regarding authority to borrow and execute the note

11. Governing Law: Specification of Philippine law as governing law

12. Execution: Signature blocks and notarization provisions