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Vendor Finance Agreement
"Need a Vendor Finance Agreement for our company (medical equipment supplier) to provide financing of SGD 2.5 million to a Singapore hospital for purchase of diagnostic equipment, with quarterly repayments over 5 years starting March 2025."
1. Parties: Identification and details of the vendor and financier
2. Background: Context of the financing arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Facility Terms: Amount, purpose, and key terms of the financing
5. Security Arrangements: Details of collateral and security provisions
6. Repayment Terms: Payment schedule, interest rates, and repayment conditions
7. Representations and Warranties: Statements of fact and assurances from parties
8. Events of Default: Circumstances constituting default and consequences
9. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Insurance Requirements: Specific insurance coverage requirements for financed assets or operations
2. Assignment and Transfer: Provisions governing the transfer of rights and obligations under the agreement
3. Tax Provisions: Detailed tax-related obligations and arrangements between parties
1. Payment Schedule: Detailed repayment timeline and amounts
2. Security Documents: List and copies of security documents
3. Asset Schedule: Details of financed assets or inventory
4. Conditions Precedent: List of conditions to be satisfied before drawdown
5. Form of Drawdown Notice: Template for requesting disbursements
Authors
Applicable Law
Assets
Authorized Representative
Business Day
Conditions Precedent
Default Interest Rate
Default Notice
Drawdown
Drawdown Date
Drawdown Notice
Effective Date
Event of Default
Facility
Facility Amount
Finance Documents
Financial Indebtedness
Financing Period
Goods
Governing Law
Interest Payment Date
Interest Period
Interest Rate
Material Adverse Effect
Payment Date
Permitted Security Interest
Potential Event of Default
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Security Interest
Services
SGD
Supply Agreement
Tax
Transaction Documents
Vendor Finance Documents
Working Day
Facility and Purpose
Conditions Precedent
Drawdown
Interest
Repayment
Security
Representations and Warranties
Covenants
Information Undertakings
Financial Covenants
Events of Default
Acceleration
Set-off
Assignment and Transfer
Payments
Tax Gross-up
Increased Costs
Insurance
Costs and Expenses
Indemnities
Currency
Confidentiality
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Amendments and Waivers
Counterparts
Force Majeure
Termination
Governing Law
Dispute Resolution
Process Agent
Entire Agreement
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