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1. Parties: Identifies the finance provider and the dealer/retailer receiving the floor plan financing
2. Background: Outlines the context of the agreement, including the dealer's business and need for inventory financing
3. Definitions: Defines key terms used throughout the agreement, including financial terms, security-related concepts, and operational terminology
4. Facility Terms: Details the credit facility, including credit limit, purpose, and availability period
5. Security Interest: Establishes the security interest over the financed inventory and related assets
6. Drawdown and Payment Mechanisms: Specifies procedures for requesting financing and making payments
7. Interest and Fees: Details all interest charges, fees, and other costs associated with the facility
8. Inventory Management: Sets out requirements for stock control, rotation, and reporting
9. Representations and Warranties: Lists the dealer's representations regarding their business, authority, and financial condition
10. Covenants: Specifies ongoing obligations of the dealer, including financial covenants and operational requirements
11. Events of Default: Defines circumstances constituting default and consequences
12. Enforcement Rights: Details the finance provider's rights and remedies upon default
13. General Provisions: Contains standard contract clauses including governing law, notices, and amendment procedures
1. Guarantees: Required when personal or corporate guarantees are part of the security structure
2. Multi-location Provisions: Needed when the dealer operates multiple locations under the same agreement
3. Foreign Currency Provisions: Required for international inventory purchases or multi-currency facilities
4. Insurance Requirements: Detailed insurance provisions when standard coverage terms are insufficient
5. Third-Party Rights: Required when other creditors or stakeholders have interests in the business
6. Electronic Trading Platform: Needed when the facility includes use of electronic inventory management systems
7. Subordination Provisions: Required when there are multiple lenders or complex priority arrangements
1. Facility Limits and Pricing: Details of credit limits, interest rates, fees, and charges
2. Approved Inventory List: List of approved inventory types/categories eligible for financing
3. Approved Locations: List of authorized locations for storing financed inventory
4. Reporting Requirements: Forms and templates for required periodic reports
5. Security Registration Details: PPSR registration information and other security details
6. Guarantor Information: Details of guarantors and guarantee terms if applicable
7. Insurance Requirements: Specific insurance requirements and minimum coverage levels
8. Operating Procedures: Detailed procedures for drawdowns, payments, and inventory management
Advance Rate
Approved Inventory
Approved Location
Available Credit
Business Day
Collateral
Credit Limit
Curtailment Payment
Default Interest Rate
Default Rate
Designated Account
Drawdown
Eligible Inventory
Event of Default
Facility
Facility Expiry Date
Facility Limit
Financial Indebtedness
Financial Statements
Floor Plan
Floor Plan Advance
Floor Plan Charges
Floor Plan Credit
Floor Plan Inventory
Floor Plan Loan
Floor Plan Statement
Guarantor
Insurance Proceeds
Interest Payment Date
Interest Period
Interest Rate
Inventory
Inventory Report
Invoice
Invoice Amount
Material Adverse Effect
Maximum Credit Amount
Net Sale Proceeds
New Vehicle
Outstanding Amount
Payment Date
Permitted Encumbrance
PPSA
PPSR
Principal Amount
Related Entity
Relevant Jurisdiction
Review Date
Sale Proceeds Account
Secured Money
Secured Property
Security
Security Interest
Security Provider
Subsidiary
Term
Trust
Trust Account
Used Vehicle
Wholesale Price
Security Interest
Financial Covenants
Representations and Warranties
Payment Obligations
Interest and Fees
Inventory Management
Inspection Rights
Insurance Requirements
Reporting Requirements
Default Events
Enforcement Rights
Indemnification
Confidentiality
Assignment and Transfer
Notices
Amendments
Governing Law
Dispute Resolution
Force Majeure
Termination Rights
Set-off Rights
Guarantee
Security Registration
Priority Arrangements
Information Undertakings
Operational Covenants
Documentation Requirements
Electronic Trading
Audit Rights
Title and Ownership
Risk of Loss
Subordination
Anti-Money Laundering
Privacy and Data Protection
Automotive
Agricultural Equipment
Marine and Watercraft
Recreational Vehicles
Heavy Machinery
Construction Equipment
Electronics and Appliances
Manufacturing
Industrial Equipment
Wholesale Distribution
Legal
Finance
Treasury
Credit
Risk Management
Compliance
Operations
Dealer Operations
Commercial Banking
Asset Finance
Security Administration
Relationship Management
Chief Financial Officer
Finance Director
Treasury Manager
Credit Manager
Commercial Finance Manager
Dealer Principal
Operations Manager
Inventory Manager
Legal Counsel
Compliance Officer
Risk Manager
Relationship Manager
Business Development Manager
Floor Plan Administrator
Security Trustee Officer
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