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Equipment Finance Agreement
"I need an Equipment Finance Agreement for financing a fleet of construction machinery worth SGD 2.5 million, with quarterly payments over 5 years starting March 2025, including maintenance obligations and an option to purchase at the end of the term."
1. Parties: Identifies the financing party and borrower
2. Background: Explains context and purpose of the financing arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Equipment Details: Specifications and description of financed equipment
5. Financial Terms: Payment schedule, interest rates, and fees
6. Security Provisions: Details of security interests and collateral
7. Representations and Warranties: Statements of fact by parties
8. Covenants: Ongoing obligations of parties
9. Default and Remedies: Consequences of default and available remedies
1. Insurance Requirements: Required when equipment needs specific insurance coverage. Use for high-value equipment or specific risk scenarios
2. Maintenance Obligations: Maintenance requirements for equipment. Use for complex equipment requiring specific maintenance
3. Import/Export Provisions: Requirements for international equipment movement. Use when equipment may cross borders
1. Equipment Schedule: Detailed list and specifications of equipment
2. Payment Schedule: Detailed breakdown of payment obligations
3. Maintenance Schedule: Required maintenance procedures and timelines
4. Insurance Requirements Schedule: Detailed insurance specifications
5. Form of Security Documents: Templates for related security documentation
Authors
Additional Costs
Affiliate
Authorized Representative
Business Day
Change of Control
Commencement Date
Confidential Information
Default
Default Rate
Deposit
Equipment
Event of Default
Finance Amount
Finance Period
Financial Indebtedness
Force Majeure Event
GST
Guarantor
Initial Payment
Insurance Proceeds
Installment Payment
Intellectual Property Rights
Interest Rate
Lease Period
Lender
Location
Loss
Maintenance Schedule
Material Adverse Effect
Operating Manual
Payment Date
Payment Schedule
Permitted Transferee
Permitted Use
Purchase Option
Purchase Price
Related Corporation
Relevant Documents
Security Interest
SGD
Specified Location
Supplier
Tax
Term
Total Loss
Transaction Documents
Warranty Period
Working Hours
Purchase Price and Payment Terms
Interest and Fees
Security Interest
Delivery and Acceptance
Title and Risk
Use of Equipment
Maintenance and Repairs
Insurance
Representations and Warranties
Covenants
Events of Default
Remedies
Indemnification
Assignment and Transfer
Notices
Confidentiality
Force Majeure
Tax
Governing Law
Dispute Resolution
Import/Export Requirements
Environmental Compliance
Health and Safety
Training and Support
Software License
Equipment Return
Purchase Option
Step-In Rights
Change of Control
Anti-Money Laundering
Data Protection
Intellectual Property
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