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Deed Of Charge And Assignment
"I need a Deed of Charge and Assignment to secure a S$5 million loan from DBS Bank to my manufacturing company, creating security over our machinery, equipment, and receivables, with completion needed by March 2025."
1. Parties: Details of the Chargor and Chargee
2. Background: Context of the security arrangement and underlying obligations
3. Definitions and Interpretation: Key terms and interpretation principles
4. Creation of Security: Core charging provisions and asset description
5. Representations and Warranties: Chargor's confirmations regarding charged assets and authority to enter into security
6. Covenants: Ongoing obligations of the Chargor regarding the charged assets and security
7. Enforcement: Rights and remedies of the Chargee upon default
8. Power of Attorney: Appointment of Chargee as attorney for security purposes
1. Further Assurance: Additional security perfection obligations for complex security arrangements
2. Insurance: Insurance requirements for charged assets when physical assets are involved
3. Assignment of Contracts: Specific provisions for assignment of related agreements and contracts
4. Currency Provisions: Currency conversion and payment terms for cross-border transactions
1. Schedule 1 - Description of Charged Assets: Detailed list and description of all assets subject to the security
2. Schedule 2 - Form of Notice: Template notices to be served on relevant third parties
3. Schedule 3 - Powers of Receiver: Detailed list of powers granted to any receiver appointed under the security
4. Schedule 4 - Assigned Contracts: List and details of contracts being assigned as part of the security
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