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Master Leasing Agreement
"I need a Master Leasing Agreement for my construction equipment rental company based in Ontario, Canada, that will cover multiple types of heavy machinery and include flexible payment terms for seasonal business fluctuations, planned to be implemented by March 2025."
1. Parties: Identification of lessor and lessee, including full legal names, addresses, and registration details
2. Background: Context of the agreement, relationship between parties, and general purpose of the master lease arrangement
3. Definitions: Comprehensive list of defined terms used throughout the agreement
4. Master Agreement Structure: Explanation of how the master agreement operates in relation to individual lease schedules
5. Lease Requests and Acceptance: Process for requesting and accepting individual leases under the master agreement
6. Term and Renewal: Duration of the master agreement and renewal provisions
7. Rent and Payment Terms: General payment obligations, payment methods, and late payment consequences
8. Delivery and Acceptance: Process for delivery and acceptance of leased equipment
9. Title and Ownership: Confirmation of lessor's ownership and lessee's rights to possession
10. Use and Maintenance: Lessee's obligations regarding use, maintenance, and repair of leased equipment
11. Insurance Requirements: Mandatory insurance coverage and claim procedures
12. Risk of Loss: Allocation of risk and responsibilities for loss or damage
13. Representations and Warranties: Standard representations and warranties from both parties
14. Events of Default: Definition of default events and consequences
15. Remedies: Lessor's rights and remedies upon default
16. Return of Equipment: End-of-lease return conditions and procedures
17. Indemnification: Mutual indemnification obligations
18. Assignment and Subleasing: Restrictions and conditions for assignment or subleasing
19. Notices: Communication requirements and contact details
20. Governing Law: Applicable law and jurisdiction
21. General Provisions: Standard boilerplate provisions including severability, entire agreement, and amendments
1. Purchase Options: Terms for lessee's option to purchase equipment, used when purchase options are offered
2. Environmental Compliance: Special provisions for environmentally sensitive equipment or operations
3. Software Licenses: Terms for associated software when leased equipment includes software components
4. Cross-Collateralization: Provisions linking security across multiple leases, used for complex commercial relationships
5. Import/Export Compliance: Special provisions for international leasing arrangements
6. Data Protection: Specific terms for handling sensitive data when equipment processes or stores data
7. Service Level Requirements: Performance standards when equipment includes service components
8. Tax Indemnification: Detailed tax provisions for complex tax situations or cross-border leases
9. Financial Covenants: Additional financial requirements for high-value commercial leases
10. Force Majeure: Extended force majeure provisions for specific industry requirements
1. Schedule A - Equipment Schedule Template: Standard form for documenting specific equipment under each lease
2. Schedule B - Rental Payment Schedule Template: Template for payment terms specific to each lease
3. Schedule C - Acceptance Certificate Template: Standard form for equipment delivery and acceptance
4. Schedule D - Return Conditions: Detailed specifications for equipment return condition
5. Schedule E - Insurance Requirements: Specific insurance coverage requirements and minimums
6. Schedule F - Maintenance Requirements: Detailed maintenance procedures and schedules
7. Appendix 1 - Pricing Matrix: Standard pricing and calculation methodologies for leases
8. Appendix 2 - Service Locations: Approved locations for equipment use and service
9. Appendix 3 - Authorized Representatives: List of personnel authorized to request and accept leases
10. Appendix 4 - End of Lease Options: Detailed procedures for various end-of-lease scenarios
Authors
Acceptance Date
Applicable Law
Authorized Representative
Basic Rent
Business Day
Casualty Loss
Commencement Date
Default Rate
Early Termination
Equipment
Equipment Location
Equipment Schedule
Event of Default
Fair Market Value
Force Majeure Event
GST/HST
Guarantor
Indemnitees
Insurance Requirements
Lease
Lease Documents
Lease Payment
Lease Schedule
Lease Term
Lessee
Lessor
Liens
Loss
Maintenance Requirements
Master Agreement
Original Equipment Manufacturer
Payment Date
Permitted Liens
Purchase Option
Purchase Price
Renewal Term
Return Conditions
Return Location
Security Deposit
Software
Stipulated Loss Value
Supplier
Taxes
Term
Terminal Rental Adjustment Clause
Total Loss
UCC Filing
Warranty Rights
Assignment and Subletting
Confidentiality
Default and Remedies
Equipment Maintenance
Equipment Return
Equipment Use
Financial Terms
Force Majeure
Governing Law
Indemnification
Insurance
Intellectual Property
Late Payment
Liability
Notices
Payment Terms
Performance Standards
Purchase Options
Quiet Enjoyment
Renewal Options
Representations and Warranties
Risk of Loss
Security Interest
Taxes and Duties
Term and Termination
Title and Ownership
Warranties
Dispute Resolution
Environmental Compliance
Data Protection
Entire Agreement
Amendment and Modification
Severability
Waiver
Further Assurances
Counterparts
Survival
Manufacturing
Construction
Transportation and Logistics
Healthcare
Information Technology
Agriculture
Mining and Resources
Commercial Real Estate
Retail
Energy and Utilities
Telecommunications
Aviation
Heavy Equipment
Financial Services
Industrial Equipment
Legal
Finance
Operations
Procurement
Risk Management
Compliance
Treasury
Asset Management
Supply Chain
Contract Administration
Chief Financial Officer
Equipment Manager
Fleet Manager
Procurement Manager
Legal Counsel
Operations Director
Asset Manager
Finance Director
Risk Manager
Compliance Officer
Treasury Manager
Contract Administrator
Business Development Manager
Equipment Leasing Specialist
Supply Chain Manager
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