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1. Parties: Identifies and provides full details of all parties to the agreement, including registration numbers and addresses
2. Background: Explains the context of the payment obligation and the relationship between the parties
3. Definitions: Defines key terms used throughout the agreement
4. Payment Amount and Currency: Specifies the total amount payable and the currency of payment
5. Payment Terms: Details the timing, method, and conditions of payment
6. Payment Instructions: Specifies bank account details and payment procedures
7. Default and Remedies: Outlines consequences of payment default and available remedies
8. Force Majeure: Addresses circumstances that may excuse or delay payment obligations
9. Representations and Warranties: States parties' representations regarding their capacity and authority to enter into the agreement
10. Governing Law and Jurisdiction: Specifies UAE law as governing law and defines jurisdiction for disputes
11. Notices: Sets out how formal communications between parties should be made
12. Entire Agreement: Confirms the agreement represents the complete understanding between parties
1. Shariah Compliance: Required when the agreement needs to comply with Islamic finance principles, addressing interest and payment structures
2. Security Arrangements: Include when payment is secured by collateral, guarantees, or other security instruments
3. Installment Schedule: Required when payment is to be made in installments rather than as a lump sum
4. Early Payment Provisions: Include when early payment options or discounts are available
5. Late Payment Charges: Include when specific penalties or charges for late payment are applicable
6. Third-Party Guarantees: Required when payment is guaranteed by a third party
7. Set-off Rights: Include when parties have the right to set off payments against other obligations
8. Currency Exchange Provisions: Required when payments involve multiple currencies or exchange rate considerations
9. Tax Provisions: Include when specific tax implications need to be addressed
10. Acceleration Clause: Include when certain events can trigger immediate payment of all outstanding amounts
1. Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Bank Account Details: Complete banking information for making payments
3. Calculation Method: Formula or method for calculating variable payments or adjustments
4. Security Documents: Copies of any security documents, guarantees, or collateral agreements
5. Form of Notice: Template for payment-related notices
6. Related Agreements: Copies of any referenced agreements that form basis for payment obligation
7. Authority Documents: Copies of corporate authorizations and powers of attorney
8. KYC Documents: Required identification and verification documents for compliance purposes
Business Day
Confidential Information
Default Event
Default Interest
Due Date
Effective Date
Force Majeure Event
Governing Law
Interest Rate
Late Payment Charge
Material Adverse Effect
Outstanding Amount
Payment Amount
Payment Currency
Payment Date
Payment Instructions
Payment Method
Payment Schedule
Principal Amount
Security
Security Document
Settlement Account
Specified Currency
Term
Transaction Documents
Working Day
Default
Interest
Security
Force Majeure
Representations and Warranties
Confidentiality
Assignment
Notices
Governing Law
Dispute Resolution
Termination
Amendment
Severability
Entire Agreement
Waiver
Set-Off
Currency
Tax
Costs and Expenses
Time of Essence
Further Assurance
Counterparts
Compliance
Third Party Rights
Authority
Records
Indemnification
Banking & Financial Services
Real Estate & Construction
Retail & Commercial
Manufacturing & Industrial
Professional Services
Healthcare
Technology & Software
Energy & Utilities
Telecommunications
Education
Hospitality & Tourism
Import/Export
Logistics & Transportation
Legal
Finance
Treasury
Accounts Receivable
Credit Control
Risk Management
Compliance
Commercial Operations
Contract Management
Collections
Payment Operations
Corporate Finance
Chief Financial Officer
Finance Director
Financial Controller
Treasury Manager
Accounts Receivable Manager
Credit Controller
Legal Counsel
Contracts Manager
Commercial Director
Risk Manager
Collections Manager
Payment Operations Manager
Compliance Officer
Business Development Manager
Financial Analyst
Corporate Finance Manager
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