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Demand Loan And Term Loan
"Need a Demand Loan And Term Loan agreement for a manufacturing company borrowing SGD 5 million from our bank, with the term loan portion having a 5-year maturity ending March 2025, and the demand portion being callable with 30 days' notice."
1. Parties: Identification and details of the lender and borrower
2. Background: Context of the loan arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Facility Amount and Type: Specification of loan amount and whether demand or term loan
5. Interest Rate and Calculations: Interest rate terms, calculation method, and payment schedule
6. Repayment Terms: Repayment schedule, methods, and conditions
7. Events of Default: Circumstances constituting default and consequences
8. Representations and Warranties: Statements of fact and assurances by the borrower
1. Security Arrangements: Details of any collateral or security provisions - include when loan is secured
2. Guarantees: Terms of any guarantees provided - include when loan includes guarantors
3. Insurance Requirements: Required insurance coverage for secured assets - include for secured loans with insurance requirements
4. Cross-Default Provisions: Links to other loan agreements - include when borrower has multiple facilities
1. Repayment Schedule: Detailed payment dates and amounts
2. Security Details: Detailed description of security/collateral
3. Conditions Precedent: List of conditions to be met before drawdown
4. Fee Schedule: Breakdown of all applicable fees and charges
5. Standard Form Notices: Templates for various notices under the agreement
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