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Asset Pledge Agreement
"Need an Asset Pledge Agreement under Singapore law for pledging company shares as security for a $5M loan facility, where the pledgor is a tech startup and the pledgee is a consortium of three banks, to be executed by March 2025."
1. Parties: Identification of pledgor and pledgee with full legal details
2. Background: Context of the pledge and underlying relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Pledge and Security Interest: Core provisions describing the assets being pledged and nature of security interest
5. Representations and Warranties: Pledgor's statements regarding ownership and condition of pledged assets
6. Covenants: Ongoing obligations of the pledgor regarding the pledged assets
7. Events of Default: Circumstances constituting default and consequences
8. Enforcement: Rights and remedies of pledgee upon default
1. Further Assurance: Additional actions parties may need to take - used in complex transactions or where additional documentation may be needed
2. Insurance: Requirements for insuring pledged assets - used when physical assets or high-value pledges are involved
3. Voting Rights: Exercise of voting rights for pledged shares - used when pledge involves company shares
1. Schedule of Pledged Assets: Detailed list and description of all pledged assets
2. Form of Notice: Template notices to be sent to relevant third parties
3. Powers of Attorney: Where pledgee requires power to act on pledgor's behalf
4. Perfection Requirements: Specific steps required to perfect the security interest
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