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1. Parties: Identification of the lender, borrower/lessee, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, including purpose of the loan and lease arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Loan Terms: Details of the loan amount, interest rate, repayment schedule, and payment methods
5. Lease Terms: Description of the leased property/asset, lease duration, and rental payments
6. Security and Collateral: Details of any security or collateral provided for the loan
7. Representations and Warranties: Statements of fact and assurances from both parties
8. Covenants: Ongoing obligations of the borrower/lessee including maintenance, insurance, and usage restrictions
9. Events of Default: Circumstances constituting default and consequences thereof
10. Remedies: Rights and remedies available to parties in case of default or breach
11. Term and Termination: Duration of agreement and circumstances for early termination
12. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
13. Notices: Process and addresses for serving formal notices
14. Execution: Signature blocks and execution formalities
1. Guarantor Provisions: Include when there is a third-party guarantor for the loan
2. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required
3. Property Maintenance Schedule: Include for agreements involving complex assets requiring specific maintenance
4. Environmental Compliance: Include when the leased property has environmental compliance requirements
5. Option to Purchase: Include when the lessee has an option to purchase the leased asset
6. Assignment and Subletting: Include when transfer rights need to be specifically addressed
7. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
8. Step-in Rights: Include when lender requires right to take control of property in specific circumstances
1. Schedule 1 - Property Description: Detailed description of the leased property including location, boundaries, and specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of loan repayments and lease payments including dates and amounts
3. Schedule 3 - Condition Report: Initial condition report of the leased property
4. Schedule 4 - Permitted Use: Detailed description of permitted uses of the property
5. Schedule 5 - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
6. Appendix A - Required Documents: List of required documents including licenses, permits, and certificates
7. Appendix B - Maintenance Requirements: Detailed maintenance obligations and standards
8. Appendix C - Form of Notice: Template forms for various notices required under the agreement
Applicable Law
Asset
Business Day
Commencement Date
Conditions Precedent
Default Interest
Default Rate
Event of Default
Facility
Fair Wear and Tear
Financial Indebtedness
Financial Year
Force Majeure Event
Interest Payment Date
Interest Period
Interest Rate
Lease Period
Lease Premises
Lease Rental
Lender
Lessee
Loan Amount
Material Adverse Effect
Naira
Outstanding Amount
Parties
Payment Date
Permitted Use
Property
Repayment Date
Repayment Schedule
Security
Security Documents
Stamp Duty
Term
Transaction Documents
Utilization
Warranty Period
Working Hours
Loan Facility
Interest and Fees
Repayment Terms
Security and Collateral
Lease Grant
Rental Payments
Property Use and Maintenance
Insurance
Assignment and Subletting
Representations and Warranties
Covenants
Events of Default
Remedies
Force Majeure
Property Access
Alterations and Improvements
Utilities and Services
Environmental Compliance
Health and Safety
Indemnification
Confidentiality
Notices
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
Costs and Expenses
Term and Termination
Banking and Financial Services
Real Estate
Manufacturing
Agriculture
Oil and Gas
Construction
Transportation
Commercial Property
Industrial
Retail
Healthcare
Education
Legal
Finance
Risk Management
Operations
Compliance
Treasury
Real Estate
Facilities Management
Commercial
Credit
Asset Management
Chief Financial Officer
Finance Director
Legal Counsel
Property Manager
Risk Manager
Commercial Director
Treasury Manager
Facility Manager
Contract Manager
Asset Manager
Real Estate Manager
Compliance Officer
Banking Relationship Manager
Credit Risk Officer
Operations Manager
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