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Deferred Purchase Agreement
"I need a Deferred Purchase Agreement under Indian law for the acquisition of manufacturing equipment worth INR 50 million, with quarterly payments spread over 24 months starting March 2025, including provisions for equipment security and performance guarantees."
1. Parties: Identification and details of the purchaser and seller, including registration details and addresses
2. Background: Recitals explaining the context of the agreement and the parties' intentions
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Purchase and Sale Agreement: Core terms of the purchase including asset description, purchase price, and completion mechanics
5. Payment Terms: Detailed structure of deferred payments including installment amounts, due dates, and payment methods
6. Security Arrangements: Details of any security provided for the deferred payments, including creation and enforcement of security interests
7. Conditions Precedent: Conditions that must be satisfied before the agreement becomes effective
8. Representations and Warranties: Standard and specific representations and warranties from both parties
9. Covenants: Ongoing obligations of the parties during the payment period
10. Events of Default: Circumstances constituting default and consequences thereof
11. Remedies: Rights and remedies available to parties in case of default or breach
12. Termination: Circumstances and process for early termination of the agreement
13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Tax Provisions: Detailed tax implications and obligations - include when tax considerations are material to the transaction
2. Foreign Exchange Provisions: Include when the agreement involves cross-border payments or foreign currency
3. Registration and Stamping: Include when specific registration or stamp duty requirements need to be addressed
4. Insurance: Include when insurance of the underlying asset is required during the payment period
5. Assignment and Transfer: Include when rights of assignment need to be specifically addressed
6. Force Majeure: Include when specific force majeure provisions are necessary for the transaction
7. Regulatory Compliance: Include when specific regulatory requirements need to be addressed
1. Schedule 1 - Asset Description: Detailed description of the asset(s) being purchased
2. Schedule 2 - Payment Schedule: Detailed payment schedule with dates, amounts, and calculation methodologies
3. Schedule 3 - Security Details: Details of security arrangements including asset descriptions and registration requirements
4. Schedule 4 - Conditions Precedent: List of all conditions precedent and required documentation
5. Schedule 5 - Form of Notices: Standard forms for various notices under the agreement
6. Appendix A - Calculation Methods: Details of any calculations required for payments, interest, or adjustments
7. Appendix B - Required Certifications: Forms of any required certificates or confirmations
Authors
Asset
Business Day
Completion
Completion Date
Conditions Precedent
Default Interest Rate
Default Notice
Deferred Amount
Deferred Payment
Deposit
Effective Date
Encumbrance
Event of Default
Final Payment Date
Financial Indebtedness
Force Majeure Event
Governmental Authority
Guarantor
Initial Payment
Installment
Interest Rate
Law
Material Adverse Effect
Outstanding Amount
Payment Date
Payment Schedule
Purchase Price
Purchaser
Reference Rate
Regulatory Approval
Related Party
Relevant Jurisdiction
Security
Security Documents
Security Interest
Seller
Specified Asset
Stamp Duty
Subsidiary
Tax
Transaction Documents
Transfer
Valuation
Working Day
Purchase and Sale
Purchase Price
Payment Terms
Deferred Payment Structure
Security Arrangements
Conditions Precedent
Completion
Representations and Warranties
Covenants
Events of Default
Remedies
Interest and Charges
Tax
Assignment
Confidentiality
Force Majeure
Notices
Governing Law
Dispute Resolution
Indemnification
Termination
Amendment
Severability
Entire Agreement
Further Assurance
Counterparts
Time of Essence
Costs and Expenses
Anti-Money Laundering
Regulatory Compliance
Set-off Rights
Title and Risk
Registration and Stamping
Waiver
Third Party Rights
Manufacturing
Real Estate
Infrastructure
Technology
Energy
Transportation
Heavy Industry
Telecommunications
Financial Services
Agriculture
Mining
Construction
Legal
Finance
Treasury
Procurement
Risk Management
Compliance
Corporate Secretariat
Commercial Operations
Business Development
Investment
Asset Management
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Finance Manager
Treasury Manager
Commercial Director
Procurement Manager
Risk Manager
Compliance Officer
Contract Manager
Business Development Manager
Asset Manager
Investment Manager
Corporate Secretary
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