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Loan Guarantee Form
"I need a Loan Guarantee Form under Singapore law for my company to guarantee a S$2 million business loan taken by our subsidiary, with the guarantee period starting from March 1, 2025, and I need to include specific provisions for multiple guarantors."
1. Parties: Identifies the guarantor, creditor, and principal debtor
2. Background: Explains the context of the underlying loan and guarantee relationship
3. Definitions: Defines key terms used throughout the guarantee including Guaranteed Obligations, Principal Debtor, Security
4. Guarantee and Indemnity: Core provisions detailing the guarantee obligations and indemnification terms
5. Scope of Guarantee: Defines extent and limitations of the guarantee, including maximum liability if applicable
6. Duration: Specifies the term of the guarantee and conditions for termination
7. Representations and Warranties: Standard representations and warranties from the guarantor
8. Enforcement: Details rights and procedures for enforcing the guarantee, including notice requirements
9. Payments and Interest: Terms regarding payment obligations, interest rates, and payment mechanics
10. Governing Law and Jurisdiction: Specifies Singapore law as governing law and jurisdiction for disputes
1. Security Provisions: Additional security arrangements, used when collateral or other security is provided beyond the guarantee
2. Multiple Guarantors: Provisions for joint and several liability, used when there is more than one guarantor
3. Assignment: Rights to assign the guarantee, used when assignment rights are required by the creditor
4. Subordination: Provisions regarding the ranking of the guarantee, used when there are multiple creditors or security interests
1. Schedule 1 - Principal Loan Agreement: Copy or details of the underlying loan agreement being guaranteed
2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations covered by the guarantee, including principal, interest, and other amounts
3. Schedule 3 - Guarantee Limit: Specifications of any cap on the guarantee amount and calculation methodology
4. Schedule 4 - Form of Demand: Template form for making a demand under the guarantee
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