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1. Parties: Identification of financing party (lender) and dealer/retailer (borrower)
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms including 'Inventory', 'Financing Amount', 'Security Interest', 'Default Events'
4. Facility Terms: Core financing terms including credit limit, interest rates, repayment terms
5. Security Arrangements: Details of security interest over inventory and other collateral
6. Representations and Warranties: Standard declarations by borrower regarding business status and inventory
7. Covenants: Ongoing obligations of the borrower including reporting requirements
8. Default and Enforcement: Events of default and lender's remedies
1. Insurance Requirements: Optional section detailing specific insurance obligations for inventory when special coverage is needed
2. Cross-Border Provisions: Additional terms for international operations when dealer operates in multiple jurisdictions
3. Manufacturer Relationships: Terms regarding relationships with manufacturers when manufacturer agreements affect financing
1. Schedule of Inventory: Detailed list of financed inventory items
2. Pricing Schedule: Interest rates, fees, and charges applicable
3. Form of Compliance Certificate: Template for periodic compliance reporting
4. Security Documentation: Forms of security documents and registrations
5. Operating Procedures: Day-to-day procedures for inventory management and reporting
Advance
Approved Inventory
Available Credit
Business Day
Collateral
Credit Limit
Default Event
Default Rate
Eligible Inventory
Facility
Finance Charge
Financial Indebtedness
Financial Statements
Financing Statement
Floor Plan
Floor Plan Advance
Guarantor
Interest Period
Interest Rate
Inventory
Lender
LIBOR/SONIA
Loan
Material Adverse Effect
Maximum Credit Amount
Net Sale Proceeds
New Vehicle
Payment Date
Permitted Encumbrance
Principal Amount
Related Rights
Repayment Date
Security
Security Interest
Security Period
Subsidiary
Term
Used Vehicle
Utilisation
Valuation
Credit Limit
Interest and Charges
Security Interest
Inventory Management
Representations and Warranties
Covenants
Conditions Precedent
Utilisation
Repayment
Default
Enforcement
Insurance
Reporting Requirements
Inspection Rights
Title and Ownership
Set-off
Assignment and Transfer
Confidentiality
Data Protection
Notices
Amendments
Severability
Governing Law
Jurisdiction
Entire Agreement
Force Majeure
Indemnification
Termination
Costs and Expenses
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