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1. Parties: Identification of lessor and lessee with full legal names and addresses
2. Background: Context of the lease arrangement and brief description of the transaction
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Equipment Description: Detailed description of the leased equipment or asset
5. Lease Term and Payments: Duration of lease and detailed payment obligations including amounts, frequency, and payment methods
6. Delivery and Acceptance: Terms regarding the delivery, inspection, and acceptance of the leased equipment
7. Title and Ownership: Clarification of ownership rights and title retention by lessor
8. Use and Maintenance: Obligations regarding equipment use, maintenance, and repair responsibilities
9. Insurance Requirements: Mandatory insurance coverage and responsibilities
10. Representations and Warranties: Statements of fact and promises by both parties
11. Events of Default: Circumstances constituting default and consequences
12. Remedies: Rights and remedies available to parties in case of default
13. Termination: Conditions and procedures for early termination
14. Governing Law: Specification of Nigerian law as governing law
15. Dispute Resolution: Procedures for resolving disputes including jurisdiction
1. Purchase Option: Terms for lessee's option to purchase equipment at end of lease, included when purchase option is offered
2. Assignment and Subletting: Terms regarding transfer of rights, included when assignment or subletting is permitted
3. Environmental Compliance: Environmental obligations, included for equipment with environmental impact
4. Import/Export Provisions: Included when equipment is imported or may be exported
5. Tax Provisions: Detailed tax implications and responsibilities, included for complex tax structures
6. Force Majeure: Provisions for unforeseen circumstances, included based on risk assessment
7. Guarantees: Third-party guarantees, included when additional security is required
1. Schedule A - Equipment Specifications: Detailed technical specifications of leased equipment
2. Schedule B - Payment Schedule: Detailed breakdown of all payments including dates and amounts
3. Schedule C - Acceptance Certificate: Form of acceptance certificate to be signed upon delivery
4. Schedule D - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
5. Schedule E - Maintenance Requirements: Detailed maintenance procedures and schedules
6. Appendix 1 - Condition Report: Initial condition report of equipment
7. Appendix 2 - Operating Instructions: Equipment operating procedures and guidelines
Acceptance Certificate
Applicable Law
Business Day
Commencement Date
Conditions Precedent
Default Interest
Default Rate
Equipment
Events of Default
Fair Market Value
Finance Documents
Financial Indebtedness
Insurance Proceeds
Lease Payment
Lease Period
Lease Term
Lessee
Lessor
Maintenance Requirements
Material Adverse Effect
Operating Manuals
Option to Purchase
Payment Date
Permitted Use
Purchase Price
Rental Payment
Residual Value
Security Interest
Specifications
Supplier
Tax
Term
Termination Date
Total Loss
Transaction Documents
Use Requirements
Warranties
Assignment and Transfer
Confidentiality
Default and Remedies
Delivery Obligations
Dispute Resolution
Equipment Maintenance
Equipment Operation
Equipment Specifications
Events of Default
Financial Terms
Force Majeure
Governing Law
Indemnification
Insurance Requirements
Intellectual Property
Lease Payments
Liability Limitations
Notices
Payment Terms
Purchase Option
Representations and Warranties
Return Conditions
Risk Allocation
Security Interest
Sublease Rights
Tax Obligations
Term and Termination
Title and Ownership
Use Restrictions
Warranties
Manufacturing
Construction
Agriculture
Transportation
Healthcare
Mining
Oil and Gas
Telecommunications
Heavy Industry
Aviation
Maritime
Real Estate
Information Technology
Infrastructure Development
Legal
Finance
Operations
Risk Management
Procurement
Compliance
Treasury
Asset Management
Credit
Business Development
Chief Financial Officer
Finance Director
Legal Counsel
Contract Manager
Operations Manager
Risk Manager
Asset Manager
Treasury Manager
Procurement Manager
Compliance Officer
Financial Controller
Equipment Manager
Fleet Manager
Business Development Manager
Credit Risk Officer
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