Promissory Note Template Page 6
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28PLEASE NOTE THAT ITEMS HIGHLIGHTED IN YELLOW MAY BE VARIABLE BETWEEN
PROMISSORY NOTES, DEPENDING ON THE COMMERCIAL TERMS SET OUT
STANDARD TERMS AND CONDITIONS TO PROMISSORY NOTE
These standard terms and conditions in this Promissory Note, together with the terms and conditions
made available to all parties on the Platform (accessible through
), and all the schedules attached hereto, the Guarantee,
and the Promissory Note setting out the particulars of the Lender(s), the Borrower and the Aggregate
Principal, and the repayment schedule (collectively, the “Note”), constitutes the terms on which the
Promissory Note is
issued and should be read together in full.
1.
DEFINITIONS AND INTERPRETATION
1.1
In this Note, unless the context requires otherwise, the following words and expressions shall
have the following meanings:
“Aggregate Principal” means, as of the date this Promissory Note is issued, the total sum of
all principal amounts lent to the Borrower by the Lenders collectively under this Note, which the
Borrower has agreed to repay;
“Business Day” means a day (other than a Saturday, Sunday or gazetted public holiday in
Singapore) when commercial banks are open for banking business in the Republic of Singapore;
“CM” means Capital Match Platform Pte. Ltd. (UEN No. 201501788H), a company incorporated
in the Republic of Singapore and having its principal place of business at 39A North Canal Road
Singapore 059295;
“Commission” has the meaning specified in Clause 6;
“Datapool” has the meaning specified in Clause 20.1;
“Events of Default” means the event of default listed in Clause 11.1 and “Event of Default”
means any one of them;
“Existing Lender” has the meaning specified in Clause 29.1;
“Fees” shall mean all fees payable by the Borrower under this Note;
“Funds Receipt” shall mean a document signed by the Borrower acknowledging the receipt of
funds under this Note in substantially the form set out in Schedule 3;
“GIRO” has the meaning specified in Clause 5.3;
“Guarantee” shall mean the irrevocable and unconditional guarantee forming part of this Note,
issued by the Guarantors guaranteeing the punctual, full and complete performance by the
Borrower of any and all of its duties, obligations and indebtedness under this Note in
accordance with the terms of this Note;
“Guarantor” shall mean a person who has entered into the Deed of Guarantee under this Note
to guarantee to each Lender and CM the punctual, full and complete performance by the
Borrower of any and all of its duties, obligations and indebtedness under this Note in
accordance with the terms of this Note;
“Instalment” has the meaning specified in Clause 5.1;
“Interest” has the meaning specified in Clause 4.1;
“Interest Rate” has the meaning specified in Clause 4.1;
“Late Payment Fee” has the meaning specified in Clause 9.1;
“Late Payment Interest” has the meaning specified in Clause 9.2;
Page 6 of 28
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