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The Loan Repayment Agreement is a crucial document used in Malaysian financial transactions when formalizing the terms of loan repayment between a lender and borrower. It is particularly relevant when restructuring existing loans, establishing new repayment terms, or documenting payment arrangements for outstanding debts. This agreement must comply with Malaysian law, including the Financial Services Act 2013, Contracts Act 1950, and where applicable, the Islamic Financial Services Act 2013. The document typically includes detailed repayment schedules, interest calculations, security arrangements, and default provisions. It can be used for both corporate and individual borrowers and may need to accommodate both conventional and Islamic financing principles, reflecting Malaysia's dual banking system. The agreement serves as a legally binding document that protects the interests of all parties involved and provides clear recourse in case of default.

1. Parties: Identifies and provides full details of the lender and borrower, including registration/ID numbers and addresses

2. Background: Recitals explaining the context of the loan and repayment agreement, including reference to any original loan agreement

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

4. Loan Amount and Interest: Specifies the outstanding loan amount and applicable interest rate (ensuring compliance with Malaysian interest rate regulations)

5. Repayment Terms: Details of the repayment schedule, including installment amounts, payment dates, and payment methods

6. Mode of Payment: Specifies acceptable payment methods and banking details for repayment

7. Events of Default: Defines what constitutes a default and the consequences thereof

8. Representations and Warranties: Standard declarations by the borrower about their capacity and authority to enter into the agreement

9. Covenants: Ongoing obligations of the borrower during the repayment period

10. Notices: How formal communications between parties should be made and delivered

11. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for dispute resolution