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Guarantee And Collateral Agreement
"Need a Guarantee And Collateral Agreement for our Singapore subsidiary to secure a USD 5 million loan from ABC Bank, with the parent company acting as guarantor and offering inventory and receivables as collateral, to be completed by March 2025."
1. Parties: Identification of guarantor, secured party, and debtor
2. Background: Context of the underlying obligation and security arrangement
3. Definitions: Key terms used throughout the agreement
4. Guarantee Provisions: Terms of the guarantee, including scope and limitations
5. Grant of Security Interest: Description of collateral and security interest being created
6. Representations and Warranties: Statements about collateral ownership and authority to grant security
7. Covenants: Ongoing obligations regarding collateral maintenance
8. Events of Default: Circumstances triggering enforcement rights
9. Enforcement Rights: Rights and remedies upon default
1. Currency Provisions: Required for cross-border transactions involving parties in different jurisdictions
2. Tax Provisions: Allocation of tax responsibilities when significant tax implications exist
3. Insurance Requirements: Obligations to maintain insurance on collateral when assets require protection
1. Schedule of Collateral: Detailed description of all collateral assets
2. Form of Notice: Standard form for notifications to third parties
3. Perfection Requirements: List of actions required to perfect security interests
4. Existing Encumbrances: List of pre-existing security interests or liens
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