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Finance Contract
"Need a Finance Contract under Singapore law for a secured term loan facility of SGD 5 million to a manufacturing company, with quarterly repayments over 5 years starting from March 2025 and including personal guarantees from company directors."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the finance agreement
3. Definitions: Key terms used throughout the agreement
4. Facility Amount: Details of the financial facility being provided
5. Interest and Fees: Interest rates, calculation methods, and applicable fees
6. Repayment Terms: Schedule and method of repayment
7. Conditions Precedent: Conditions that must be satisfied before drawdown
8. Representations and Warranties: Statements of fact by the borrower
9. Events of Default: Circumstances constituting default and consequences
1. Security: Details of any collateral or security arrangements (include when facility is secured)
2. Guarantees: Terms of any guarantees provided (include when third-party guarantees are required)
3. Insurance: Required insurance coverage (include when specific insurance is required for the facility)
4. Covenants: Ongoing obligations of the borrower (include for complex commercial facilities)
1. Repayment Schedule: Detailed schedule of repayment dates and amounts
2. Security Documents: List and copies of security documentation
3. Conditions Precedent Documents: List of required documents and conditions
4. Fee Schedule: Detailed breakdown of all applicable fees
5. Form of Drawdown Notice: Template for requesting disbursement
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