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Financing Contract Agreement
"I need a Financing Contract Agreement for a secured term loan of SGD 5 million to fund our manufacturing facility expansion, with quarterly repayments over 5 years starting March 2025 and including personal guarantees from two company directors."
1. Parties: Identification and details of the lender and borrower
2. Background: Context of the financing arrangement and purpose of the loan
3. Definitions: Key terms used throughout the agreement
4. Facility Amount and Purpose: Specification of loan amount and permitted use
5. Interest and Fees: Interest rate, calculation method, 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 Arrangements: Details of collateral and security - include when loan is secured
2. Guarantees: Terms of any guarantees provided - include when third-party guarantees are involved
3. Insurance Requirements: Required insurance coverage - include when specific insurance is required
4. Covenants: Positive and negative obligations - include for complex commercial loans
1. Repayment Schedule: Detailed payment dates and amounts
2. Security Documents: List and copies of security documentation
3. Conditions Precedent Documents: List of required documents before drawdown
4. Form of Drawdown Notice: Template for requesting loan disbursement
5. Fee Schedule: Detailed breakdown of all applicable fees
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