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1. Parties: Identification of financing party and borrower
2. Background: Context of the financing arrangement and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including financial terms, security arrangements, and inventory definitions
4. Facility: Terms of the financing facility including amount, purpose, and drawdown mechanics
5. Security: Details of inventory security arrangement, perfection requirements, and maintenance obligations
6. Conditions Precedent: Requirements that must be satisfied before the facility becomes available
7. Representations and Warranties: Borrower's statements about business condition, inventory ownership, and compliance with laws
8. Covenants: Ongoing obligations regarding inventory management, reporting, and operational requirements
9. Events of Default: Circumstances constituting default and consequences thereof
10. Boilerplate: Standard contractual provisions including notices, governing law, and jurisdiction
1. Insurance: Specific insurance requirements for inventory and associated obligations
2. Third Party Rights: Provisions regarding rights of third parties under the Contracts (Rights of Third Parties) Act 1999
3. Assignment and Transfer: Provisions governing the transfer of rights and obligations under the agreement
4. Security Trustee Provisions: Required when multiple lenders are involved and a security trustee structure is needed
1. Form of Drawdown Notice: Template document for requesting funds under the facility
2. Eligible Inventory Criteria: Detailed specifications of inventory that qualifies for financing
3. Reporting Requirements: Templates and timing requirements for inventory and financial reporting
4. Security Documents: Forms of security documentation including debentures or specific security agreements
5. Pricing Schedule: Detailed breakdown of interest rates, fees, and pricing mechanics
6. Conditions Precedent Documents: List of required documents and conditions to be satisfied before first drawdown
Account Bank
Advance Rate
Availability Period
Borrowing Base
Business Day
Collateral
Default
Default Rate
Eligible Inventory
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Inventory
Inventory Report
Interest Period
Interest Rate
LIBOR
SONIA
Loan
Margin
Material Adverse Effect
Permitted Security
Secured Obligations
Security
Security Documents
Security Period
Termination Date
Transaction Security
Utilisation
Utilisation Date
Valuation
Warehouse Locations
Borrowing Base Calculation
Conditions Precedent
Conditions Subsequent
Representations and Warranties
Security
Perfection of Security
Inventory Management
Reporting Requirements
Financial Covenants
Operational Covenants
Interest and Fees
Repayment
Prepayment
Events of Default
Enforcement
Inspection Rights
Insurance
Indemnification
Assignment and Transfer
Confidentiality
Notices
Amendments and Waivers
Severability
Governing Law
Jurisdiction
Third Party Rights
Set-off Rights
Costs and Expenses
Tax Gross-up
Termination
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