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Guarantee Facility Agreement
"Need a Guarantee Facility Agreement for our Singapore subsidiary to provide multiple performance guarantees up to SGD 10 million to support our construction projects in Southeast Asia, with quarterly reporting requirements and specific provisions for early termination."
1. Parties: Identifies all parties to the agreement including guarantor, beneficiary, and principal debtor
2. Background: Context of the guarantee facility and underlying obligations
3. Definitions: Key terms used throughout the agreement
4. Facility Terms: Details of the guarantee facility including amount, purpose, and availability period
5. Guarantee Provisions: Core terms of the guarantee including scope and nature of obligations
6. Representations and Warranties: Statements of fact and assurances given by the guarantor
7. Covenants: Ongoing obligations of the guarantor
8. Events of Default: Circumstances triggering default and consequences
1. Security Provisions: Additional provisions required when the guarantee is secured by collateral
2. Counter-Indemnity: Provisions for reimbursement of the guarantor by the principal debtor
3. Commission and Fees: Payment terms and fee structure for the guarantee facility
1. Form of Demand: Standard format for making demands under the guarantee
2. Form of Guarantee: Template of individual guarantees to be issued under the facility
3. Fee Schedule: Details of fees and charges applicable to the facility
4. Conditions Precedent: List of documents and conditions required before facility becomes effective
5. Security Documents: List and/or copies of related security documents where applicable
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