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Third Party Pledge Agreement
"Need a Third Party Pledge Agreement under Singapore law where my holding company will pledge shares in its subsidiaries to secure a USD 10M facility agreement dated 15 March 2025 between the bank and our operating company."
1. Parties: Identifies the pledgor, pledgee, and principal debtor
2. Background: Explains the context of the underlying debt and reason for the pledge
3. Definitions: Defines key terms used throughout the agreement
4. Pledge: Details the assets being pledged and terms of the security interest
5. Representations and Warranties: Statements about ownership, authority, and condition of pledged assets
6. Covenants: Ongoing obligations of the pledgor regarding the pledged assets
7. Events of Default: Circumstances constituting default and consequences
8. Enforcement: Rights and remedies upon default
1. Further Assurance: Additional actions parties may need to take when additional documentation or actions may be required
2. Power of Attorney: Appointment of pledgee as attorney when pledgee needs authority to act on pledgor's behalf
3. Insurance: Requirements for insuring pledged assets when physical property requiring insurance is involved
1. Schedule of Pledged Assets: Detailed description of assets subject to the pledge
2. Form of Notice: Template for notifications to relevant third parties
3. Corporate Authorizations: Copies of relevant corporate approvals and resolutions
4. Underlying Facility Agreement Details: Summary of the principal debt agreement
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