Promissory Note Template Page 19
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28PLEASE NOTE THAT ITEMS HIGHLIGHTED IN YELLOW MAY BE VARIABLE BETWEEN
PROMISSORY NOTES, DEPENDING ON THE COMMERCIAL TERMS SET OUT
25.
FURTHER ASSURANCE
25.1
The Obligor will if reasonably requested by the Lenders or CM do or procure the doing of all
such acts and will execute or procure the execution of all such documents as may reasonably
be necessary or desirable for giving full effect of this Note.
26.
AGENCY
26.1
CM may use any third party agents or third party service providers as CM may reasonably
select from time to time and at any time. CM is not liable for any loss, damage, costs or
expenses incurred by the Borrower or Lenders as a result of the acts or omissions of such third
party agents or service providers provided that CM has exercised reasonable care in the
selection of such third party agents or service providers.
27.
AUTHORISATION
27.1
The Obligor and the Lenders authorise CM, its officers, and/or its selected third party agents or
service providers to:
(a) conduct credit checks on the Obligor and the Lenders;
(b) obtain and verify any information about the Obligor and the Lenders as CM may in its sole
and absolute discretion deem fit and the Obligor and the Lenders authorise all sources to
which CM may apply to provide any information which CM may require in connection with
the issuance of this Note;
(c) disclose any information and/or data whatsoever, in any manner howsoever in connection
with this Note as CM may deem fit, including but not limited to information relating to the
Obligor and the Lenders and its account(s) and/or credit cards (if any) to:
i. any of the Obligor’s and the Lenders’ head office, representative and branch offices
and/or any related company or associated company of the Obligor and the Lenders
and/or their officers, in any jurisdiction;
ii. any government or regulatory agency or authority in any jurisdiction;
iii. any potential assignee or transferee or to any person who has or may enter into
contractual relations with the Borrower in relation to the Aggregate Principal;
iv. any party to this Note;
v. any credit bureau in any jurisdiction (including without limitation Credit Bureau
(Singapore) Pte Ltd (UEN No. 200100843C)) as well as the members, employees,
officers, directors, representatives or agents of such credit bureau;
vi. any other third parties, service providers, agents or business partners (including,
without limitation, credit reference or evaluation agencies) wherever situated for any
purpose whatsoever;
vii. any person(s) where such disclosure is in the reasonable opinion of CM necessary for
or in connection with the protection, preservation and/or enforcement of this Note
provided that such person(s) shall be required to maintain the confidentiality of such
information; and
viii. any other person to whom disclosure is permitted or required by the law.
(d) share payment information of the Borrower with the DP Information Network Pte Ltd (UEN
No. 198302653E) as well as the other member companies forming the DP Information
Group, or any other credit agencies as CM may in its absolute discretion deem fit.
Page 19 of 28
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Miscellaneous