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Omnibus Loan And Security Agreement
"Need an Omnibus Loan And Security Agreement for a Singapore manufacturing company borrowing SGD 10 million against its factory assets and receivables, with both term loan and revolving credit facilities, to be completed by March 2025."
1. Parties: Identification and details of the lender(s) and borrower(s)
2. Background: Context of the loan arrangement and security package
3. Definitions and Interpretation: Key terms and their meanings used throughout the agreement
4. Facility Terms: Loan amount, interest rate, repayment terms, and conditions
5. Security Provisions: Details of all security interests being created
6. Representations and Warranties: Statements of fact and assurances from the borrower
7. Covenants: Positive and negative obligations of the borrower
8. Events of Default: Circumstances triggering default and remedies
9. Enforcement: Rights and remedies upon default
1. Guarantee Provisions: Provisions governing third-party guarantors' obligations and rights when guarantors are involved in the transaction
2. Subordination Provisions: Provisions governing priority and ranking of different creditors when multiple creditors are involved
3. Intercreditor Provisions: Provisions governing the relationship between different classes of creditors in syndicated or multiple lender situations
1. Schedule of Security Assets: Detailed list of all assets subject to security interest
2. Form of Drawdown Notice: Template for requesting loan disbursements
3. Conditions Precedent: List of documents and conditions required before drawdown
4. Repayment Schedule: Detailed payment dates and amounts
5. Form of Security Documents: Templates for specific security documents
6. Financial Covenants Schedule: Detailed financial ratios and requirements
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