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1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses
2. Background: Context of the agreement, including the purpose of the prepayment arrangement and basic commercial understanding
3. Definitions: Definitions of key terms used throughout the agreement
4. Prepayment Terms: Core terms of the prepayment arrangement, including amount, timing, and purpose
5. Payment Mechanism: Details of how payments will be made, including payment methods and processing
6. Use of Prepaid Funds: Specifications for how the prepaid amounts will be applied and credited
7. Security and Trust Arrangements: Provisions for securing the prepaid amounts and any trust arrangements
8. Representations and Warranties: Standard representations and warranties from both parties
9. Obligations of the Parties: Specific duties and responsibilities of each party
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Refund and Cancellation: Terms governing refunds and cancellation of prepayments
12. Governing Law and Jurisdiction: Specification of applicable law and jurisdiction for disputes
13. General Provisions: Standard boilerplate provisions including notices, amendments, and assignment
1. Multiple Currency Provisions: Include when prepayments may be made in different currencies
2. Interest on Prepaid Amounts: Include when interest will be paid on prepaid amounts
3. Volume Discounts: Include when prepayment offers volume-based pricing advantages
4. Credit Enhancement: Include when additional security or guarantees are required
5. Tax Considerations: Include when specific tax treatment needs to be addressed
6. Force Majeure: Include when specific events might affect the prepayment arrangement
7. Electronic Payment Systems: Include when specific electronic payment platforms or systems are used
8. Regulatory Compliance: Include when specific regulatory requirements need detailed treatment
1. Schedule A - Payment Terms: Detailed payment schedule, amounts, and calculation methods
2. Schedule B - Prepayment Application Rules: Rules and procedures for how prepaid amounts are applied to purchases or services
3. Schedule C - Security Arrangements: Details of any security or trust arrangements for prepaid funds
4. Schedule D - Service Level Requirements: Performance standards and service levels related to the prepaid services
5. Appendix 1 - Payment Forms: Standard forms for making or requesting prepayments
6. Appendix 2 - Calculation Methods: Detailed methods for calculating prepayment amounts, discounts, or interest
7. Appendix 3 - Compliance Certificates: Forms for periodic compliance certification if required
8. Appendix 4 - Contact Information: List of key contacts and authorized representatives for both parties
Applicable Law
Business Day
Cancellation Notice
Commencement Date
Confidential Information
Customer
Delivery Date
Effective Date
Force Majeure Event
Goods
Interest Rate
Material Adverse Change
Payment Currency
Payment Date
Payment Method
Prepaid Amount
Prepayment Account
Prepayment Period
Prepayment Schedule
Provider
Refund
Regulatory Authority
Security Interest
Services
Service Level Requirements
Term
Territory
Trust Account
Trustee
Volume Discount
Security
Trust Arrangements
Refund and Cancellation
Interest
Currency
Payment Processing
Service Delivery
Representations and Warranties
Confidentiality
Force Majeure
Termination
Default
Dispute Resolution
Assignment
Notices
Entire Agreement
Amendment
Severability
Governing Law
Jurisdiction
Compliance with Laws
Anti-Money Laundering
Data Protection
Record Keeping
Audit Rights
Volume Commitments
Set-off
Insurance
Indemnification
Third Party Rights
Counterparts
Manufacturing
Retail
Technology Services
Construction
Energy
Telecommunications
Professional Services
Healthcare
Education
Transportation and Logistics
Financial Services
Wholesale Distribution
Legal
Finance
Procurement
Treasury
Commercial
Risk Management
Compliance
Operations
Sales
Credit Control
Accounts Receivable
Chief Financial Officer
Finance Director
Procurement Manager
Treasury Manager
Commercial Director
Legal Counsel
Contracts Manager
Accounts Receivable Manager
Credit Controller
Risk Manager
Compliance Officer
Operations Director
Sales Director
Business Development Manager
Financial Controller
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