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A Deed of Accession Loan Agreement is commonly used in Philippine financing transactions when a new party needs to join an existing loan arrangement. This document type is particularly relevant in scenarios involving syndicated loans, project finance, or corporate group restructuring where additional borrowers or guarantors need to be added to an existing facility. The deed, governed by Philippine law, must comply with local legal requirements including the Civil Code of the Philippines, banking regulations, and securities laws. It typically includes detailed provisions about the accession process, confirmations of existing obligations, security arrangements, and necessary representations and warranties. The document is crucial for maintaining the integrity of loan arrangements while facilitating the addition of new parties in a legally compliant manner.

1. Parties: Identification of all parties including the original lender(s), borrower(s), and the acceding party

2. Background: Recitals explaining the original loan agreement, reason for accession, and context of the transaction

3. Definitions and Interpretation: Definitions of key terms, including references to definitions in the original loan agreement and new terms specific to the accession

4. Accession: Core provisions detailing how the acceding party joins the loan agreement and becomes bound by its terms

5. Confirmation of Obligations: Express confirmation by the acceding party of assuming the obligations under the original loan agreement

6. Representations and Warranties: Standard and specific representations and warranties from the acceding party

7. Covenant to Pay: Specific undertaking to pay the loan amounts and other monetary obligations

8. Security Confirmation: Confirmation of existing security arrangements and their application to the acceding party

9. Further Assurance: Undertaking to execute additional documents or take further actions if required

10. Costs and Expenses: Provisions regarding who bears the costs of the accession process

11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction details

12. Execution: Execution block with appropriate formalities for a deed under Philippine law