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Financial Lease Contract
"I need a Financial Lease Contract under Indonesian law for leasing heavy construction equipment (two excavators and a crane) to a mining company, with a five-year term starting March 2025 and including a purchase option at the end of the term."
1. Parties: Identification of the lessor and lessee with complete legal names and addresses
2. Background: Context of the lease agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Lease Object: Detailed description of the leased asset(s) and their specifications
5. Lease Term: Duration of the lease and conditions for renewal
6. Lease Payments: Payment terms, amounts, schedule, and method of payment
7. Delivery and Acceptance: Terms regarding the delivery and acceptance of the leased asset
8. Title and Ownership: Confirmation of lessor's ownership and lessee's rights to use
9. Use and Maintenance: Obligations regarding the use, maintenance, and care of the leased asset
10. Insurance: Requirements for insurance coverage of the leased asset
11. Representations and Warranties: Statements of fact and assurances from both parties
12. Events of Default: Circumstances constituting default and consequences
13. Termination: Conditions and procedures for early termination
14. Governing Law: Confirmation of Indonesian law as governing law
15. Dispute Resolution: Procedures for resolving disputes between parties
1. Purchase Option: Terms for lessee's option to purchase the asset at end of lease - include when offering purchase option
2. Security Deposit: Terms regarding security deposit - include when security deposit is required
3. Sublease and Assignment: Conditions for sublease or assignment - include when these rights are granted
4. Tax Provisions: Detailed tax obligations - include when complex tax arrangements apply
5. Force Majeure: Provisions for unforeseen circumstances - include when specific force majeure protection is needed
6. Environmental Compliance: Environmental obligations - include for assets with environmental impact
7. Import/Export Provisions: Requirements for cross-border leases - include for international transactions
1. Schedule 1 - Asset Description: Detailed technical specifications and description of leased asset(s)
2. Schedule 2 - Payment Schedule: Detailed breakdown of lease payments, dates, and amounts
3. Schedule 3 - Delivery and Acceptance Protocol: Form for documenting delivery and acceptance of asset
4. Schedule 4 - Insurance Requirements: Detailed insurance specifications and requirements
5. Schedule 5 - Maintenance Schedule: Required maintenance procedures and schedules
6. Appendix A - Conditions Precedent: List of conditions to be met before lease effectiveness
7. Appendix B - Form of Purchase Option Notice: Template for exercising purchase option if applicable
Authors
Asset
Business Day
Commencement Date
Conditions Precedent
Default Interest
Delivery Date
Early Termination
Events of Default
Fair Market Value
Financial Statements
Force Majeure Event
Insurance Proceeds
Lease Payments
Lease Period
Lease Term
Lessee
Lessor
Maintenance Requirements
Material Adverse Effect
Option Price
Payment Date
Permitted Use
Purchase Option
Renewal Term
Residual Value
Security Deposit
Supplier
Total Loss
Transfer of Title
Working Hours
OJK
Acceptance Certificate
Applicable Law
Interest Rate
Payment Schedule
Warranties
Taxes
Territory
Intellectual Property Rights
Delivery and Acceptance
Title and Ownership
Use and Operation
Maintenance and Repair
Insurance
Risk of Loss
Warranties
Default and Remedies
Assignment and Sublease
Indemnification
Representations
Termination
Purchase Option
Security Interest
Force Majeure
Confidentiality
Notices
Dispute Resolution
Governing Law
Amendments
Entire Agreement
Severability
Tax
Compliance with Laws
Asset Return
Interest and Penalties
Security Deposit
Registration Requirements
Environmental Compliance
Inspection Rights
Financial Covenants
Reporting Requirements
Manufacturing
Construction
Transportation
Mining
Agriculture
Healthcare
Information Technology
Telecommunications
Heavy Industry
Aviation
Maritime
Real Estate
Infrastructure
Energy
Legal
Finance
Procurement
Operations
Risk Management
Compliance
Treasury
Credit
Business Development
Asset Management
Chief Financial Officer
Finance Director
Legal Counsel
Contract Manager
Risk Manager
Treasury Manager
Procurement Manager
Operations Director
Financial Controller
Compliance Officer
Asset Manager
Credit Manager
Business Development Manager
Finance Manager
Legal Manager
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