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Equipment Finance Agreement
"I need an Equipment Finance Agreement for financing medical imaging equipment worth HKD 5 million, with quarterly payments over 5 years starting March 2025, including maintenance obligations and specific healthcare regulatory compliance provisions."
1. Parties: Identification of the finance provider and the borrower/lessee, including full legal names and registration details
2. Background: Context of the agreement, including the purpose of the equipment financing and brief description of the arrangement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Equipment Details: Detailed description of the equipment being financed, including specifications and identification numbers
5. Financial Terms: Core financial provisions including amount financed, interest rate, payment terms, and payment schedule
6. Security Arrangements: Details of any security interests, charges, or other collateral securing the financing
7. Conditions Precedent: Conditions that must be satisfied before the agreement becomes effective or funds are released
8. Representations and Warranties: Statements of fact and assurances given by the borrower regarding their status and the equipment
9. Covenants: Ongoing obligations of the borrower including maintenance, insurance, and operational requirements
10. Events of Default: Circumstances constituting default and the finance provider's rights and remedies upon default
11. Termination: Circumstances and procedures for early termination or end of the agreement
12. General Provisions: Standard legal provisions including notices, amendments, governing law, and dispute resolution
1. Guarantees: Required when there is a third-party guarantor providing additional security for the borrower's obligations
2. Insurance Requirements: Detailed section needed when specific insurance arrangements are required beyond standard covenants
3. Maintenance and Service: Detailed section needed when the agreement includes specific maintenance or service obligations
4. Assignment and Transfer: Required when either party needs rights to assign or transfer their interests under the agreement
5. Tax Provisions: Detailed section needed when specific tax arrangements or implications need to be addressed
6. Import/Export Provisions: Required when the equipment is subject to international movement or trade restrictions
7. Regulatory Compliance: Detailed section needed when the equipment is subject to specific regulatory requirements or licenses
1. Equipment Schedule: Detailed technical specifications, serial numbers, and location of the equipment
2. Payment Schedule: Detailed breakdown of payment amounts, dates, and calculation of interest or charges
3. Conditions Precedent Documents: List of required documents and conditions to be satisfied before drawdown
4. Form of Drawdown Notice: Template for requesting disbursement of funds
5. Form of Security Documents: Templates for any required security documentation
6. Insurance Requirements: Detailed specifications of required insurance coverage
7. Maintenance Requirements: Detailed specifications of maintenance obligations and schedules
8. Authorized Representatives: List of persons authorized to act on behalf of each party
Authors
Equipment
Finance Amount
Interest Rate
Payment Date
Payment Schedule
Business Day
Commencement Date
Completion Date
Default Rate
Event of Default
Finance Provider
Borrower
Guarantor
Security
Security Interest
Permitted Security Interest
Insurance Policy
Loss
Total Loss
Maintenance Requirements
Maintenance Schedule
Operating Location
Permitted Use
Material Adverse Change
Conditions Precedent
Security Documents
Finance Documents
Drawdown Notice
Drawdown Date
Outstanding Amount
Default Notice
Acceleration Notice
Termination Notice
Early Termination Fee
Break Costs
Authorised Representative
Supplier
Acceptance Certificate
Delivery Date
Installation Date
Warranty Period
Insurance Requirements
Required Insurance
Encumbrance
Disposal
Assignment
Permitted Assignment
Associated Rights
Relevant Jurisdiction
Governing Law
Force Majeure Event
Insolvency Event
Financial Indebtedness
Group
Subsidiary
Holding Company
Security Provider
Interest Period
HIBOR
Increased Costs
Tax
VAT
Indemnified Party
Loan Period
Repayment Schedule
Equipment Description
Finance Terms
Payment Obligations
Security Interest
Title and Ownership
Conditions Precedent
Representations and Warranties
Insurance
Maintenance
Equipment Use
Equipment Location
Default
Remedies
Termination
Assignment
Indemnification
Force Majeure
Confidentiality
Notices
Amendments
Governing Law
Dispute Resolution
Tax
Costs and Expenses
Set-off
Severability
Entire Agreement
Counterparts
Further Assurance
Waiver
Third Party Rights
Compliance with Laws
Anti-Money Laundering
Data Protection
Inspection Rights
Reporting Requirements
Manufacturing
Construction
Healthcare
Transportation and Logistics
Agriculture
Mining
Technology and IT
Telecommunications
Industrial Processing
Printing and Publishing
Food and Beverage Production
Renewable Energy
Maritime and Shipping
Aviation
Legal
Finance
Treasury
Risk Management
Compliance
Operations
Procurement
Asset Management
Credit
Commercial
Chief Financial Officer
Finance Director
Treasury Manager
Equipment Finance Manager
Asset Finance Manager
Credit Risk Manager
Legal Counsel
Commercial Director
Operations Manager
Procurement Manager
Risk Manager
Compliance Officer
Contract Manager
Financial Controller
Equipment Manager
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