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Financial Agreement Form
"I need a Financial Agreement Form for a Sharia-compliant corporate financing arrangement between our Islamic bank and a UAE-based construction company, with a facility value of AED 10 million to be disbursed by March 2025."
1. Parties: Identification and details of all parties to the agreement, including full legal names, addresses, and registration details
2. Background: Context of the agreement, relationship between parties, and purpose of the financial arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Financial Terms: Core financial obligations, including amounts, payment terms, interest/profit rates (in compliance with Sharia if applicable)
5. Payment Mechanics: Detailed procedures for making and receiving payments, including account details and payment methods
6. Security and Collateral: Details of any security or collateral arrangements supporting the financial agreement
7. Representations and Warranties: Statements of fact and assurances given by each party
8. Covenants: Ongoing obligations and commitments of the parties
9. Events of Default: Circumstances constituting default and consequences thereof
10. Remedies: Actions available to parties in case of breach or default
11. Term and Termination: Duration of the agreement and circumstances for early termination
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
13. Notices: Process and requirements for formal communications between parties
14. Confidentiality: Obligations regarding confidential information
15. General Provisions: Standard boilerplate clauses including amendments, assignment, and severability
1. Sharia Compliance: Required for Islamic financial arrangements, specifying compliance with Sharia principles
2. Tax Provisions: Include when the transaction has specific VAT or tax implications
3. Foreign Exchange Provisions: Required when dealing with multiple currencies or foreign exchange transactions
4. Regulatory Compliance: Specific provisions for regulated financial activities or entities
5. Agent Provisions: Required when involving financial agents or intermediaries
6. Insurance Requirements: Include when specific insurance coverage is required
7. Electronic Trading Terms: Required for agreements involving electronic financial transactions
8. Force Majeure: Optional provisions for unforeseen circumstances affecting financial obligations
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and calculations
2. Schedule 2 - Security Details: Comprehensive description of security or collateral arrangements
3. Schedule 3 - Financial Covenants: Specific financial ratios and requirements to be maintained
4. Schedule 4 - Form of Notices: Templates for various notices required under the agreement
5. Schedule 5 - Account Details: Banking and account information for all parties
6. Appendix A - Required Documents: List of supporting documents required from each party
7. Appendix B - Compliance Certificates: Templates for periodic compliance certification
8. Appendix C - Calculation Methodologies: Detailed explanation of financial calculations and methodologies
Authors
Affiliate
Agreement
Applicable Law
Authority
Business Day
Central Bank
Collateral
Confidential Information
Default
Default Rate
Effective Date
Emirates
Encumbrance
Event of Default
Facility
Finance Documents
Financial Indebtedness
Financial Statements
Force Majeure Event
Governmental Authority
Interest Period
Interest Rate
Islamic Finance Principles
Legal Requirement
LIBOR
Material Adverse Effect
Maturity Date
Notice
Obligor
Payment Date
Permitted Encumbrance
Profit Rate
Reference Banks
Relevant Jurisdiction
Representatives
Security
Security Documents
Security Interest
Sharia Board
Subsidiary
Tax
Transaction Documents
UAE
UAE Dirham
Utilization
Utilization Date
VAT
Financial Terms
Payment Terms
Security and Collateral
Representations and Warranties
Covenants
Conditions Precedent
Events of Default
Remedies
Interest/Profit Rate
Currency Provisions
Tax Provisions
Fees and Expenses
Indemnification
Assignment and Transfer
Confidentiality
Data Protection
Anti-Money Laundering
Sharia Compliance
Force Majeure
Governing Law
Dispute Resolution
Notices
Amendment and Waiver
Severability
Entire Agreement
Counterparts
Set-off Rights
Electronic Execution
Language
Term and Termination
Regulatory Compliance
Account Operations
Financial Statements and Reporting
Insurance
Change of Control
Cross-Default
Material Adverse Change
Break Costs
Banking
Financial Services
Islamic Banking
Real Estate
Construction
Trading
Manufacturing
Retail
Healthcare
Education
Technology
Transport and Logistics
Energy
Professional Services
Insurance
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Affairs
Banking Operations
Credit Administration
Investment
Islamic Banking
Contracts Administration
Company Secretariat
Chief Financial Officer
Finance Director
Legal Counsel
Compliance Officer
Treasury Manager
Financial Controller
Risk Manager
Corporate Lawyer
Banking Operations Manager
Credit Manager
Investment Manager
Account Manager
Financial Analyst
Legal Director
Contracts Manager
Company Secretary
Islamic Finance Specialist
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