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1. Parties: Identification of the vendor/finance provider and the customer/borrower with full legal details
2. Background: Context of the agreement including the business relationship and purpose of the financing
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and interpretation rules
4. Facility Amount and Purpose: Specification of the financing amount, purpose, and any tranching arrangements
5. Interest and Fees: Details of interest rates, calculation methods, and all applicable fees
6. Drawdown and Disbursement: Conditions and procedures for accessing the financing
7. Repayment Terms: Payment schedule, prepayment provisions, and payment mechanics
8. Security and Collateral: Details of security arrangements, assets pledged, and perfection requirements
9. Representations and Warranties: Standard and transaction-specific representations by both parties
10. Covenants: Positive and negative undertakings by the borrower
11. Events of Default: Circumstances constituting default and consequences
12. Remedies: Rights and remedies available to parties upon default or breach
13. Indemnification: Indemnity provisions and allocation of liabilities
14. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction details
15. Notices: Communication procedures and contact details
16. Miscellaneous: Standard boilerplate provisions including amendments, assignments, and severability
1. Currency Provisions: Required when financing involves foreign currency, addressing exchange rates and conversion
2. Guarantees: Needed when third-party guarantees are part of the security structure
3. Insurance: Required when specific insurance coverage is mandatory for the financed assets
4. Step-In Rights: Included when lender requires right to take control of financed assets or business
5. Tax Provisions: Detailed tax clauses needed when transaction has specific tax implications
6. Regulatory Compliance: Special provisions for regulated industries or specific CBN requirements
7. Environmental Compliance: Required when financing involves environmentally sensitive activities
8. Anti-Money Laundering: Enhanced provisions when required by transaction size or nature
1. Schedule 1 - Payment Schedule: Detailed repayment schedule including dates, amounts, and interest calculations
2. Schedule 2 - Conditions Precedent: List of documents and conditions required before drawdown
3. Schedule 3 - Security Details: Comprehensive description of collateral and security arrangements
4. Schedule 4 - Form of Drawdown Notice: Template for drawdown requests
5. Schedule 5 - Financial Covenants: Detailed financial ratios and reporting requirements
6. Appendix A - Asset Schedule: Detailed list of financed assets with descriptions and values
7. Appendix B - Form of Compliance Certificate: Template for periodic compliance reporting
8. Appendix C - Required Insurance: Specification of required insurance coverage
Agreement
Applicable Law
Availability Period
Banking Day
Borrower
Business Day
CBN
Charged Assets
Collateral
Conditions Precedent
Confidential Information
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Financial Statements
Financing Period
Force Majeure
Group
Guarantee
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Lender
Material Adverse Effect
Naira
Notice
Outstanding Amount
Parties
Payment Date
Permitted Security
Person
Potential Event of Default
Prepayment
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Security Period
Security Provider
Subsidiary
Tax
Transaction Documents
Vendor
Vendor Finance Amount
Vendor Financing Rate
Facility Terms
Interest and Fees
Security
Representations and Warranties
Conditions Precedent
Drawdown
Repayment
Prepayment
Payment Mechanics
Tax Gross-up
Increased Costs
Collateral
Covenants
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Acceleration
Assignment and Transfer
Set-off
Confidentiality
Anti-Money Laundering
Force Majeure
Notices
Calculations
Partial Invalidity
Amendments
Enforcement
Governing Law
Dispute Resolution
Indemnification
Termination
Insurance
Regulatory Compliance
Currency Provisions
Account Operations
Third Party Rights
Guarantee
Costs and Expenses
Manufacturing
Agriculture
Construction
Technology
Healthcare
Transportation
Energy
Mining
Telecommunications
Retail
Real Estate
Industrial Equipment
Oil and Gas
Legal
Finance
Treasury
Risk Management
Commercial
Procurement
Credit
Compliance
Sales
Business Development
Operations
Chief Financial Officer
Finance Director
Legal Counsel
Commercial Director
Credit Manager
Risk Manager
Treasury Manager
Procurement Manager
Contract Manager
Business Development Manager
Operations Director
Financial Controller
Compliance Officer
Sales Director
Account Manager
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