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Loan Pledge Agreement
"Need a Loan Pledge Agreement under Singapore law for a corporate borrower pledging marketable securities worth SGD 5 million to secure a term loan from a syndicate of three banks, with quarterly valuation requirements and voting rights retained by the pledgor until default."
1. Parties: Identifies and defines the pledgor and pledgee
2. Background: Context of the loan and pledge arrangement including reference to the underlying loan agreement
3. Definitions: Key terms used throughout the agreement including definition of Pledged Assets, Secured Obligations, and Security Period
4. Pledge: Details of the pledged assets and creation of security interest, including scope and nature of the pledge
5. Representations and Warranties: Statements of fact about the pledged assets, ownership, authority to pledge, and absence of encumbrances
6. Covenants: Ongoing obligations regarding maintenance, preservation and use of pledged assets
7. Events of Default: Circumstances constituting default and their consequences
8. Enforcement: Rights and remedies upon default, including sale or disposal of pledged assets
9. Miscellaneous: Standard provisions including notices, amendments, governing law, and jurisdiction
1. Insurance: Requirements for insuring pledged assets, applicable when physical assets or valuable items are pledged
2. Further Assurance: Obligation to execute additional documents or take further steps to perfect the security
3. Power of Attorney: Appointment of pledgee as attorney to execute documents or take actions on pledgor's behalf
4. Tax Provisions: Allocation of responsibility for taxes and duties arising from the pledge
1. Schedule 1 - Description of Pledged Assets: Detailed inventory and description of all assets subject to the pledge
2. Schedule 2 - Form of Notice: Template notices for perfection of pledge or notification to third parties
3. Schedule 3 - Perfection Requirements: List of actions required to perfect the security interest in different types of pledged assets
4. Schedule 4 - Required Approvals: List of regulatory or third-party approvals needed for the pledge
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