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Warehouse Loan Agreement
"Need a Warehouse Loan Agreement for a Singapore-based electronics manufacturer borrowing SGD 5 million against inventory stored in Jurong, with quarterly interest payments and a 2-year term starting March 2025."
1. Parties: Identification of the lender and borrower, including registration details and addresses
2. Background: Context of the agreement, including purpose of the loan and nature of warehouse arrangements
3. Definitions: Key terms used throughout the agreement including 'Collateral', 'Warehouse', 'Security Interest', etc.
4. Loan Facility: Terms of the loan, including amount, interest rate, and repayment schedule
5. Security Arrangements: Details of the warehouse arrangement and security over stored goods
6. Representations and Warranties: Standard declarations by borrower regarding legal capacity, ownership of goods, etc.
7. Covenants: Ongoing obligations of the borrower including maintenance of collateral
8. Events of Default: Circumstances constituting default and consequences
9. Enforcement Rights: Lender's rights upon default including access to warehouse and disposal of goods
1. Insurance: Requirements for insurance of stored goods - used when specific insurance requirements are needed beyond standard coverage
2. Third Party Rights: Rights of warehouse operator or other third parties - used when warehouse operator is not a party but has specific rights
3. Guarantees: Terms of any additional guarantees - used when personal or corporate guarantees are required
4. Security Trustee Provisions: Appointment and powers of security trustee - used in syndicated facilities or multiple lender arrangements
1. Schedule 1 - Description of Goods: Detailed inventory of goods serving as collateral
2. Schedule 2 - Warehouse Details: Location and specifications of warehouse facilities
3. Schedule 3 - Form of Drawdown Notice: Standard form for requesting loan disbursements
4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage
5. Schedule 5 - Security Documents: List of additional security documents required
6. Appendix A - Operating Procedures: Procedures for deposit, withdrawal, and inspection of goods
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