Loan Lease Agreement Template for Philippines

1. Purchase Option: Terms for the option to purchase the leased asset, included when the agreement offers a purchase option at the end of the lease term

2. Assignment and Subletting: Terms regarding the ability to assign or sublet, included when these rights are to be granted or specifically prohibited

3. Guarantor Provisions: Terms relating to guarantors, included when a guarantee is required for the loan-lease

4. Special Purpose: Specific terms related to the purpose of the asset, included when the asset has restricted or specific use requirements

5. Environmental Compliance: Environmental requirements and compliance terms, included for assets that may have environmental impacts

6. Tax Provisions: Detailed tax considerations, included when specific tax arrangements or implications need to be addressed

7. Force Majeure: Terms addressing unforeseeable circumstances, included when specific force majeure provisions are needed beyond standard terms

1. Schedule A - Asset Description: Detailed description of the leased asset including specifications, condition, and value

2. Schedule B - Payment Schedule: Detailed breakdown of payment obligations including loan amortization and lease payments

3. Schedule C - Delivery and Acceptance Form: Form to be completed upon delivery and acceptance of the asset

4. Schedule D - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum amounts

5. Schedule E - Maintenance Requirements: Detailed maintenance schedule and requirements for the asset

6. Appendix 1 - Required Permits and Licenses: List of required permits and licenses for the asset's operation

7. Appendix 2 - Authorized Users: List of persons authorized to use or operate the leased asset