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The Loan With Collateral Agreement is a crucial document used in Philippine lending transactions where a borrower pledges specific assets as security for a loan. This agreement is essential for financial institutions, businesses, and individuals engaging in secured lending under Philippine law, providing protection for lenders while enabling borrowers to access financing using their assets as collateral. The document must comply with the Civil Code of the Philippines, Personal Property Security Act, and other relevant banking and security regulations. It covers all aspects of the lending relationship, from loan disbursement to potential enforcement, and includes detailed provisions about the collateral, its maintenance, and the process for enforcing security interests if default occurs. This type of agreement is particularly important in commercial lending, asset financing, and business expansion scenarios where substantial loan amounts require security backing.

1. Parties: Identifies and provides full details of the Lender and Borrower, including their legal names, addresses, and any registration numbers

2. Background: Explains the context of the loan and the parties' intention to enter into a secured lending arrangement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Loan Amount and Purpose: Specifies the principal amount of the loan and its intended use

5. Interest Rate and Charges: Details the interest rate, calculation method, and any additional charges or fees

6. Repayment Terms: Specifies the repayment schedule, payment methods, and prepayment provisions

7. Collateral: Describes the assets being pledged as security and the nature of the security interest

8. Representations and Warranties: States the facts and assurances provided by the Borrower regarding their situation and the collateral

9. Covenants: Lists ongoing obligations of the Borrower during the loan term

10. Events of Default: Defines circumstances that constitute default and trigger enforcement rights

11. Enforcement Rights: Details the Lender's rights and remedies upon default, including collateral seizure

12. Notices: Specifies how formal communications between parties should be made

13. Governing Law: Confirms Philippine law as governing law and jurisdiction details

14. Signature Page: Space for parties to execute the agreement with appropriate attestation