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Guarantor In Loan Agreement
"I need a Guarantor In Loan Agreement for a corporate loan of SGD 5 million where our parent company will act as guarantor, with the agreement to take effect from March 1, 2025, and include specific cross-default provisions with our existing facility agreements."
1. Parties: Identifies and defines all parties: Lender, Borrower, and Guarantor
2. Background: Explains the context of the loan and guarantee arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Guarantee and Indemnity: Core terms of the guarantee, including scope and extent of guarantor's liability
5. Guarantor's Representations and Warranties: Statements of fact and assurances provided by the guarantor
6. Duration of Guarantee: Terms regarding the duration and termination of the guarantee
7. Enforcement Rights: Lender's rights to enforce the guarantee
1. Security Provisions: Details of any security provided by the guarantor - use when the guarantee is secured by specific assets
2. Multiple Guarantors: Provisions for joint and several liability - use when there is more than one guarantor
3. Cross-Default: Provisions linking this guarantee to other agreements - use when there are related loan agreements or guarantees
1. Schedule 1 - Principal Loan Agreement: Copy or summary of the main loan agreement being guaranteed
2. Schedule 2 - Security Details: Details of any security provided under the guarantee
3. Schedule 3 - Guarantor's Statement of Assets: Declaration of guarantor's financial position
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