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Equipment Finance Agreement
"I need an Equipment Finance Agreement for financing medical imaging equipment worth RM 2.5 million for my healthcare facility in Kuala Lumpur, with a 5-year term starting March 2025, including specific maintenance and calibration requirements."
1. Parties: Identification of the finance provider and the borrower/customer, including full legal names and registration details
2. Background: Context of the agreement, including the purpose of the financing and brief description of the equipment
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Equipment Details: Specific description and identification of the equipment being financed
5. Finance Terms: Key financial terms including amount financed, interest rate, payment schedule, and tenure
6. Payment Obligations: Detailed payment terms, methods, and consequences of default
7. Security Provisions: Details of any security interests, charges, or liens over the equipment
8. Insurance Requirements: Mandatory insurance coverage for the equipment and related obligations
9. Maintenance and Use: Obligations regarding equipment maintenance, permitted use, and operating conditions
10. Representations and Warranties: Standard representations and warranties from both parties
11. Events of Default: Definition of default events and consequences
12. Termination: Circumstances and process for early termination
13. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
1. Guarantees: Required when there is a third-party guarantor for the financing
2. Import/Export Provisions: Necessary for equipment being imported or potentially exported
3. Installation and Commissioning: Required for equipment needing professional installation or commissioning
4. Training and Support: Include when the finance package includes training or ongoing support
5. Environmental Compliance: Required for equipment with environmental impact considerations
6. Islamic Finance Provisions: Required when the financing follows Shariah-compliant structures
7. Assignment and Novation: Include when transfer rights are important for the transaction
1. Equipment Schedule: Detailed technical specifications, serial numbers, and location of equipment
2. Payment Schedule: Detailed breakdown of payment amounts, dates, and amortization schedule
3. Insurance Requirements: Specific insurance coverage requirements and minimum insurance terms
4. Maintenance Schedule: Required maintenance procedures and schedules for the equipment
5. Form of Security Documents: Templates for any required security documentation
6. Condition Report: Initial condition report of the equipment at time of financing
7. Authorized Operators: List of personnel authorized to operate the equipment, if applicable
Authors
Equipment
Commencement Date
Completion Date
Default Interest
Default Rate
Deposit
Drawdown
Drawdown Date
Encumbrance
Event of Default
Facility
Finance Amount
Finance Period
Financial Indebtedness
Insurance Policy
Interest Rate
Legal Assignment
License
Location
Material Adverse Effect
Payment Date
Principal Amount
Purchase Price
Repayment Schedule
Security
Security Documents
Security Interest
Supplier
Term
Business Day
Conditions Precedent
Financing Statement
Guarantor
Installation Date
Maintenance Schedule
Operating Manual
Permitted Purpose
Purchase Order
Secured Amounts
Acceptance Certificate
Authority Approval
Borrower
Financing Party
Force Majeure
Intellectual Property Rights
Malaysian Ringgit
Warranty Period
Recitals
Definitions
Facility Grant
Conditions Precedent
Drawdown
Payment Terms
Interest
Security
Equipment Delivery
Equipment Installation
Equipment Maintenance
Insurance
Representations and Warranties
Covenants
Events of Default
Remedies
Force Majeure
Assignment
Notices
Confidentiality
Dispute Resolution
Governing Law
Indemnification
Termination
Amendment
Severability
Entire Agreement
Counterparts
Waiver
Title and Risk
Equipment Usage
Inspection Rights
Reporting Requirements
Tax
Compliance with Laws
Environmental Requirements
Documentation
Further Assurance
Manufacturing
Construction
Agriculture
Healthcare
Transportation
Mining
Technology
Telecommunications
Oil and Gas
Renewable Energy
Logistics
Food Processing
Textile Industry
Automotive
Aerospace
Legal
Finance
Treasury
Risk Management
Operations
Procurement
Asset Management
Credit
Commercial
Compliance
Business Development
Contract Administration
Chief Financial Officer
Finance Director
Treasury Manager
Equipment Finance Manager
Legal Counsel
Risk Manager
Operations Director
Procurement Manager
Asset Manager
Credit Manager
Commercial Director
Financial Controller
Compliance Officer
Business Development Manager
Contract Administrator
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