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Guarantee In Loan Agreement
"I need a Guarantee in Loan Agreement for a corporate loan facility of SGD 5 million, where the parent company will act as guarantor for its subsidiary's borrowing from DBS Bank, to be effective from March 2025."
1. Parties: Identification of all parties: Lender, Borrower, and Guarantor(s)
2. Background: Context of the loan agreement and guarantee relationship
3. Definitions: Key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of the guarantor including primary guarantee provisions and indemnity obligations
5. Scope of Guarantee: Extent of guaranteed obligations and limitations if any
6. Duration: Term of the guarantee and conditions for termination
7. Representations and Warranties: Guarantor's confirmations regarding capacity, authority and financial condition
8. Enforcement: Rights and mechanisms for enforcement of the guarantee
9. Payments: Payment obligations, mechanics and currency provisions
10. Governing Law and Jurisdiction: Choice of law and jurisdiction for dispute resolution
1. Security Provisions: Additional security arrangements when guarantee is secured by specific assets
2. Multiple Guarantors: Joint and several liability provisions when more than one guarantor is involved
3. Foreign Currency Provisions: Currency conversion and payment terms when loan involves foreign currency
4. Change of Parties: Provisions for assignment and transfer of rights and obligations
5. Financial Covenants: Specific financial undertakings required from the guarantor
1. Schedule of Guaranteed Obligations: Detailed list of obligations covered by the guarantee
2. Form of Demand: Template for making demands under the guarantee
3. Security Details: Details of any security provided under the guarantee
4. Guarantor Information: Key information about the guarantor including contact details and notice provisions
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