(Name of Bank)
|CERTIFICATE OF PARTICIPATION WITH RECOURSE|
Issue Date : ______________, 20__
FOR AND IN CONSIDERATION OF PESOS ___________________________________________________________,
this certificate of participation is hereby issued to evidence the _____________________________________________
(fraction or %)
share of __________________________________________ in the loan/s of ___________________________________
(Name of Participant)
granted by/assigned to the herein issuer, specifically described as follows:
(Description of Securities)
|Principal Debtor/s||Serial Number/s||Maturity Date/s||Face Value||Interest/Yield|
The issuer shall pay, jointly and severally with the Principal Debtor, ____________________________ share of
(fraction or %)
the face value of, and the interest/yield on, said debt security(ies), subject to the terms and conditions on the
reverse side hereof.
(Signature of Participant)
Duly Authorized Officer
NOT INSURED WITH THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)
TERMS & CONDITIONS OF CERTIFICATE OF PARTICIPATION WITH RECOURSE
1. No Pretermination
Issuer shall not pay nor repurchase the participation before the maturity date of subject security(ies).
2. Liquidated Damages
In case of default, the issuer of this instrument shall be liable, in addition to interest, for liquidated damages of (amount or %), plus attorney’s fees of (amount or %)_ and costs of collection in case of suit.
3. Delivery/Custody of Securities
( ) Physically delivered to Participant
( ) Evidenced by Custodian Receipt No. __________________ dated _____________ issued by
4. Separate Stipulations
( ) This Agreement is subject to the terms and conditions of __(describe document)__ dated
________________, executed by __(name of party/ies)__ and made an integral part hereof.