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This Money Lending Agreement template is designed for use in the Philippines, complying with local banking and finance regulations. It is typically used when a lender (whether a financial institution or private entity) provides a loan to a borrower, requiring documentation of the lending terms and conditions. The agreement includes essential elements required by Philippine law, such as Truth in Lending Act disclosures, interest rate specifications, and security arrangements. It can be customized for various lending scenarios, from personal loans to business financing, and incorporates necessary protections for both lender and borrower as mandated by Philippine financial regulations. The document should be used whenever a formal lending arrangement is established, ensuring transparency and enforceability of the loan terms.

1. Parties: Identifies and provides full details of the Lender and Borrower, including registration numbers for companies or ID numbers for individuals

2. Background: Explains the context of the loan agreement and the parties' intention to enter into a lending arrangement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Loan Amount and Purpose: Specifies the principal amount of the loan and its intended use

5. Interest Rate: Details the interest rate, calculation method, and compliance with Philippine regulations

6. Term and Repayment: Specifies the duration of the loan and the repayment schedule

7. Security and Collateral: Details any assets or guarantees provided as security for the loan

8. Representations and Warranties: States the facts and assurances provided by both parties

9. Borrower's Covenants: Lists the borrower's ongoing obligations and promises

10. Events of Default: Defines circumstances that constitute default and their consequences

11. Remedies: Outlines the lender's rights and remedies in case of default

12. Notices: Specifies how formal communications between parties should be made

13. Governing Law: Confirms Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and execution requirements