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1. Parties: Identification of the Seller and Purchaser, including registration details as required under German law
2. Background: Context of the agreement, business relationship, and general framework for multiple receivables purchases
3. Definitions and Interpretation: Comprehensive definitions including specific German law terms, interpretation rules, and language provisions
4. Sale and Purchase Structure: Framework mechanics for offers and acceptances of receivables portfolios, including form requirements under German law
5. Eligibility Criteria: Detailed criteria for receivables that can be sold under the agreement
6. Purchase Price and Payment: Price calculation methodology, payment mechanics, and adjustments
7. Assignment and Transfer: Provisions for legal transfer of receivables under German law (Abtretung)
8. Representations and Warranties: Seller's representations regarding corporate capacity and receivables characteristics
9. Undertakings: Ongoing obligations of both parties, including regulatory compliance and information sharing
10. Taxes and VAT: Tax treatment and responsibilities, particularly regarding German VAT implications
11. Termination: Events of default, termination rights, and consequences
12. Confidentiality: Confidentiality obligations and permitted disclosures
13. Data Protection: GDPR compliance and data processing arrangements
14. Notices: Communication procedures and contact details
15. Governing Law and Jurisdiction: German law as governing law and jurisdiction provisions
1. Servicing: Required if the Seller continues to service the receivables post-sale or if servicing is transferred to a third party
2. Security and Overcollateralization: Include if additional security or overcollateralization is required
3. Consumer Protection Provisions: Required if the receivables involve consumer debtors
4. True Sale Provisions: Enhanced provisions required if accounting or regulatory true sale treatment is crucial
5. Collection Account Arrangements: Required if specific account structures are needed for collections
6. Back-up Servicing: Include if a back-up servicer arrangement is required
7. Parent Company Guarantee: Include if parent company support is required
8. Regulatory Compliance: Specific section needed if either party is regulated or if the transaction requires specific regulatory compliance
1. Form of Offer Notice: Standard form for offering receivables portfolios
2. Form of Acceptance Notice: Standard form for accepting offered receivables
3. Eligibility Criteria Details: Detailed specifications of eligibility requirements
4. Purchase Price Calculation: Detailed methodology and examples of purchase price calculation
5. Servicing Standards: Detailed servicing requirements and procedures
6. Required Documents: List and forms of required supporting documentation
7. Form of Assignment: Standard form of assignment agreement compliant with German law
8. Reporting Requirements: Templates and specifications for required reporting
9. Power of Attorney: Form of power of attorney for various actions
10. Data Protection Agreement: Detailed data processing agreement compliant with GDPR
11. Account Details: Specification of relevant bank accounts and payment procedures
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