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Construction Loan Agreement
"Need a Construction Loan Agreement for a commercial development project in Singapore with a loan value of SGD 50 million, where disbursement will be done in five phases starting March 2025, and we need specific provisions for green building certification requirements."
1. Parties: Identifies and defines the lender and borrower
2. Background: Context of the loan and construction project
3. Definitions: Key terms used throughout the agreement
4. Facility Amount and Purpose: Loan amount and specified use of funds
5. Conditions Precedent: Requirements to be met before loan disbursement
6. Disbursement Terms: Schedule and conditions for releasing funds
7. Interest and Fees: Interest rates, calculation methods, and applicable fees
8. Repayment Terms: Payment schedule and methods
9. Security: Collateral and security arrangements
10. Representations and Warranties: Statements of fact by borrower
1. Insurance Requirements: Specific insurance coverage requirements for projects needing additional coverage beyond standard requirements
2. Environmental Compliance: Environmental protection requirements for projects with significant environmental impact
3. Green Building Requirements: Sustainable construction standards for projects pursuing green certification
1. Construction Schedule: Detailed timeline of construction milestones
2. Disbursement Schedule: Breakdown of loan disbursement phases
3. Property Details: Legal description and details of construction site
4. Construction Plans: Approved architectural and engineering plans
5. Contractor Details: Information about main contractor and key subcontractors
6. Security Documents: List and copies of security instruments
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