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1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses
2. Background: Sets out the context of the agreement, including the purpose of the loan and brief description of the asset
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpretation
4. Loan Details: Specifies the loan amount, interest rate, term, and purpose
5. Asset Details: Describes the asset(s) being loaned, including identification numbers, condition, and value
6. Loan Disbursement: Details the conditions precedent and process for disbursing the loan
7. Repayment Terms: Specifies payment schedule, method of payment, and early repayment provisions
8. Security Arrangements: Details the security interest over the asset and registration under PPSA
9. Borrower's Obligations: Lists the borrower's responsibilities regarding asset maintenance, insurance, and use
10. Events of Default: Defines what constitutes default and the consequences
11. Lender's Rights and Remedies: Outlines the lender's rights in case of default or breach
12. General Provisions: Includes standard clauses like notices, amendments, governing law, and dispute resolution
1. Guarantor Provisions: Required when there is a guarantor securing the loan obligations
2. Insurance Requirements: Detailed insurance requirements when specific coverage is needed for high-value assets
3. Special Conditions: Used when there are unique terms specific to the particular loan or asset
4. Asset Usage Restrictions: When there are specific limitations on how the asset can be used or where it can be located
5. Cross-Collateralization: When the asset secures other loans or obligations
6. Assignment and Transfer: When either party needs the ability to assign their rights under the agreement
1. Schedule 1 - Asset Description: Detailed description of the asset including serial numbers, specifications, and condition report
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment dates, amounts, and allocation between principal and interest
3. Schedule 3 - Insurance Requirements: Specific insurance requirements including types of coverage, minimum amounts, and named parties
4. Schedule 4 - Condition Precedent Documents: List of documents required before loan disbursement
5. Schedule 5 - Permitted Security Interests: List of any pre-existing or permitted security interests over the asset
6. Appendix A - Form of Disbursement Request: Template for requesting loan disbursement
7. Appendix B - Guarantor Deed: Form of guarantee when applicable
Asset
Borrower
Business Day
Commencement Date
Conditions Precedent
Default Interest Rate
Default Event
Disbursement Date
Encumbrance
Event of Default
Facility
Final Repayment Date
Financial Indebtedness
Guarantor
Insurance Policy
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Loan Amount
Material Adverse Effect
Permitted Security Interest
PPSA
Principal
Receiver
Related Company
Repayment Date
Repayment Schedule
Security
Security Interest
Security Provider
Term
Transaction Documents
Unpaid Amount
Working Days
Interest and Fees
Security Interest
Repayment
Asset Maintenance
Insurance
Representations and Warranties
Covenants
Events of Default
Enforcement
Assignment
Notices
Confidentiality
Force Majeure
Indemnification
Governing Law
Dispute Resolution
Amendment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Set-off
Registration
Asset Usage
Inspection Rights
Insurance Proceeds
Tax
Conditions Precedent
Disbursement
Prepayment
Cross Default
Acceleration
Default Interest
Remedies
Banking and Financial Services
Manufacturing
Construction
Agriculture
Transportation and Logistics
Mining and Resources
Healthcare
Technology and Equipment
Commercial Real Estate
Retail
Legal
Finance
Credit
Risk Management
Compliance
Operations
Treasury
Commercial
Business Development
Asset Management
Chief Financial Officer
Finance Manager
Credit Manager
Legal Counsel
Commercial Lawyer
Risk Manager
Asset Manager
Treasury Manager
Compliance Officer
Contract Administrator
Business Development Manager
Operations Manager
Financial Controller
Credit Analyst
Loan Officer
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