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Personal Security Agreement
"I need a Personal Security Agreement under Singapore law to secure a business loan of SGD 500,000 against my investment portfolio, with enforcement rights to take effect from March 1, 2025."
1. Parties: Identification and details of the secured party and security provider
2. Background: Context of the security arrangement and underlying obligations
3. Definitions: Key terms used throughout the agreement
4. Grant of Security Interest: Core provision creating the security interest
5. Secured Obligations: Description of obligations being secured
6. Representations and Warranties: Statements of fact and assurances by the security provider
7. Covenants: Ongoing obligations of the security provider
8. Events of Default: Circumstances triggering enforcement rights
9. Enforcement: Rights and remedies upon default
1. Further Assurance: Obligation to execute additional documents if needed - used in complex security arrangements
2. Power of Attorney: Appointment of secured party as attorney - used when direct control over secured assets may be needed
3. Assignment and Transfer: Rights to transfer the security interest - used when transferability is important
1. Schedule of Secured Assets: Detailed list and description of assets subject to security
2. Form of Notice: Template notices for perfecting security
3. Security Procedures: Operational procedures for maintaining security
4. Required Filings: List of necessary registrations and filings
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