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1. Parties: Identification of the Lender (Promisee) and Borrower (Promisor), including complete legal names and addresses
2. Background: Brief context of the loan transaction and security arrangement
3. Definitions: Key terms used throughout the document, including 'Security,' 'Collateral,' 'Event of Default,' etc.
4. Promise to Pay: Core promise specifying the principal amount, interest rate, and payment terms
5. Security Interest: Description of the security interest being granted and the collateral
6. Interest and Fees: Detailed terms regarding interest calculation, payment frequency, and any applicable fees
7. Repayment Terms: Schedule and method of repayment, including installment amounts and due dates
8. Events of Default: Circumstances constituting default and consequences thereof
9. Rights and Remedies: Lender's rights upon default, including enforcement of security interest
10. Representations and Warranties: Borrower's declarations regarding their legal capacity and the collateral
11. Governing Law: Specification of Philippine law as governing law and jurisdiction
1. Guarantor Provisions: Include when a third party is guaranteeing the loan
2. Insurance Requirements: Include when specific insurance must be maintained on the collateral
3. Prepayment Terms: Include when early repayment is allowed or restricted
4. Assignment and Transfer: Include when the note may be transferred or assigned to other parties
5. Additional Security: Include when multiple assets are being used as security
6. Cross-Default Provisions: Include when default on other obligations should trigger default under this note
7. Subordination: Include when this note needs to be subordinated to other debts
1. Schedule A - Collateral Description: Detailed description of the assets serving as security, including identification numbers, location, and condition
2. Schedule B - Payment Schedule: Amortization table showing payment dates, principal and interest breakdown
3. Schedule C - Interest Calculation: Details of interest calculation methodology if complex
4. Appendix 1 - Security Registration: Forms and information required for registering the security interest
5. Appendix 2 - Collateral Valuation: Independent valuation of the collateral if applicable
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Finance
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Credit and Risk
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Corporate Banking
Commercial Lending
Business Development
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Chief Financial Officer
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Credit Officer
Legal Counsel
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Risk Manager
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Credit Risk Analyst
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