Guarantor Contract for Singapore
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Guarantor Contract
"I need a Guarantor Contract under Singapore law where my company acts as guarantor for a subsidiary's 5-year bank loan of SGD 2 million, with the guarantee to commence from March 2025."
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1. Parties: Details of the Creditor, Principal Debtor, and Guarantor
2. Background: Context of the underlying debt and reason for guarantee
3. Definitions: Key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of the guarantor including scope and extent of guarantee
5. Nature of Guarantee: Whether continuing guarantee or limited to specific obligations
6. Payment Terms: Conditions and timing of guarantee payments
7. Guarantor's Representations: Warranties about capacity and authority to enter into guarantee
8. Enforcement: Creditor's rights to enforce the guarantee and remedies
9. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Security Provisions: Additional provisions when guarantee is secured against specific assets
2. Multiple Guarantors: Joint and several liability provisions for multiple guarantors
3. Foreign Currency Provisions: Exchange rate and currency conversion terms for foreign currency obligations
4. Corporate Guarantor Provisions: Additional representations and warranties specific to corporate guarantors
1. Schedule 1 - Guaranteed Obligations: Detailed list of the underlying debt or obligations being guaranteed
2. Schedule 2 - Security Details: Description of any assets or collateral securing the guarantee
3. Schedule 3 - Form of Demand: Standard template for making demands under the guarantee
4. Schedule 4 - Corporate Authorizations: Copies of relevant board resolutions and corporate approvals
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