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Seller Financing Contract
"Need a Seller Financing Contract under Singapore law for the sale of manufacturing equipment worth SGD 2.5 million, with 20% down payment and the balance to be paid over 36 months starting March 2025, including security over the equipment."
1. Parties: Identification and details of the seller and buyer
2. Background: Context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Purchase Price and Payment Terms: Total amount, down payment, and financing details
5. Interest Rate and Calculation: Specified interest rate and calculation methodology
6. Security Arrangements: Collateral and security measures
7. Default and Remedies: Consequences of default and available remedies
8. Governing Law: Specification of Singapore law as governing law
1. Insurance Requirements: Required insurance coverage for secured assets when valuable assets are involved as security
2. Early Repayment Provisions: Terms for early loan repayment when early repayment is permitted
3. Transfer Restrictions: Limitations on transfer of rights/obligations when transfer restrictions are desired
1. Payment Schedule: Detailed breakdown of payment installments
2. Asset Description: Detailed description of assets being financed
3. Security Documents: Forms of security documents and registrations
4. Calculation Examples: Examples of interest calculations and payment scenarios
Authors
Asset
Business Day
Completion Date
Default Event
Default Interest Rate
Down Payment
Effective Date
Encumbrance
Event of Default
Financing Amount
Interest Payment Date
Interest Rate
Late Payment Fee
Loan Period
Outstanding Balance
Payment Date
Payment Schedule
Principal Amount
Purchase Price
Repayment Schedule
Sale Completion Date
Secured Assets
Security
Security Documents
Security Interest
Seller Financing
Term
Title Documents
Transaction Documents
Purchase Price
Payment Terms
Interest
Security
Conditions Precedent
Representations and Warranties
Seller Covenants
Buyer Covenants
Title and Ownership
Default
Acceleration
Remedies
Insurance
Assignment
Transfer Restrictions
Notices
Confidentiality
Force Majeure
Indemnification
Early Repayment
Late Payment
Registration
Taxes and Expenses
Further Assurance
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
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