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1. Parties: Identification of the vendor (finance provider) and the customer, including full legal names, registration details, and addresses
2. Background: Context of the financing arrangement, relationship between parties, and purpose of the agreement
3. Definitions and Interpretation: Detailed definitions of terms used in the agreement and rules for interpreting the contract
4. Facility Amount and Purpose: Specification of the financing amount, purpose, and any restrictions on use
5. Interest and Fees: Details of interest rates, calculation methods, and all applicable fees
6. Repayment Terms: Payment schedule, payment methods, and prepayment provisions
7. Security and Collateral: Description of security arrangements, collateral requirements, and perfection requirements
8. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
9. Representations and Warranties: Statements of fact and assurances given by the customer
10. Covenants: Positive and negative obligations of the customer during the facility period
11. Events of Default: Circumstances constituting default and consequences thereof
12. Enforcement Rights: Rights and remedies of the vendor in case of default
13. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
1. Insurance Requirements: Required when specific insurance coverage is needed for financed assets
2. Guarantees: Include when personal or corporate guarantees are required as additional security
3. Assignment and Transfer: Include when either party may need to transfer rights or obligations
4. Force Majeure: Include for long-term financing arrangements to address unforeseen circumstances
5. Anti-Money Laundering Provisions: Required for high-value transactions or when dealing with regulated entities
6. Electronic Communications: Include when parties agree to use electronic means for notices and communications
7. Tax Provisions: Include detailed tax provisions when complex tax implications exist
1. Payment Schedule: Detailed breakdown of payment dates, amounts, and interest calculations
2. Asset Schedule: Description and valuation of financed assets or equipment
3. Security Documents: Forms of security documents, guarantees, or collateral agreements
4. Conditions Precedent Documents: List of required documents and evidence for conditions precedent
5. Form of Drawdown Notice: Template for requesting disbursement of funds
6. Financial Covenants: Detailed financial ratios and reporting requirements
7. Permitted Security Interests: List of pre-approved security interests or liens
8. Insurance Requirements: Detailed insurance specifications and requirements
Applicable Law
Business Day
Collateral
Conditions Precedent
Confidential Information
Default Interest Rate
Default Notice
Drawdown
Drawdown Date
Drawdown Notice
Effective Date
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Financial Statements
Financing Statement
Governing Law
Grace Period
Guarantee
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Material Adverse Effect
Maturity Date
Naira
Notice
Outstanding Amount
Party/Parties
Payment Date
Permitted Security Interest
Principal Amount
Repayment Date
Repayment Schedule
Representatives
Security
Security Documents
Security Interest
Security Provider
Signing Date
Subsidiary
Tax
Transaction Documents
Vendor Finance Amount
Warranties
Facility Terms
Purpose
Availability
Interest
Fees and Charges
Repayment
Prepayment
Security
Conditions Precedent
Representations and Warranties
Covenants
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Acceleration
Payment Mechanics
Set-off
Security Enforcement
Assignment and Transfer
Changes to Parties
Confidentiality
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Amendments and Waivers
Counterparts
Governing Law
Dispute Resolution
Force Majeure
Anti-Money Laundering
Sanctions Compliance
Tax Provisions
Indemnities
Costs and Expenses
Term and Termination
Electronic Communications
Further Assurance
Manufacturing
Construction
Technology
Agriculture
Healthcare
Telecommunications
Energy
Mining
Transportation
Real Estate
Industrial Equipment
Retail
Legal
Finance
Treasury
Credit Risk
Compliance
Commercial
Sales
Procurement
Business Development
Corporate Finance
Chief Financial Officer
Finance Director
Commercial Director
Legal Counsel
Contract Manager
Credit Risk Manager
Treasury Manager
Financial Controller
Business Development Manager
Compliance Officer
Risk Manager
Corporate Finance Manager
Sales Director
Procurement Manager
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