Master Asset Finance Agreement Template for Nigeria

1. Islamic Finance Provisions: Required when offering Sharia-compliant financing options

2. Insurance Requirements: Detailed insurance provisions when assets require specific insurance arrangements

3. Asset Maintenance Services: Include when the finance provider also provides maintenance services

4. Cross-Border Provisions: Required when assets may be used across international borders

5. Government Contract Requirements: Special provisions required when financing assets for government entities

6. Currency Protection: Required when financing is provided in foreign currency

7. Environmental Compliance: Specific provisions for assets with environmental implications

8. Agency Provisions: Required for syndicated facilities with an agent bank structure

1. Facility Summary: Key commercial terms including facility limit, pricing, and tenure

2. Form of Drawdown Request: Standard form for requesting individual financings under the facility

3. Conditions Precedent: Detailed list of required documents and conditions

4. Permitted Assets: Categories and specifications of assets eligible for financing

5. Form of Security Documents: Templates for asset-specific security documentation

6. Pricing Schedule: Detailed breakdown of interest rates, fees, and charges

7. Form of Compliance Certificate: Template for periodic compliance reporting

8. Asset Valuation Methodology: Agreed methods for asset valuation and revaluation

9. Insurance Requirements: Detailed insurance specifications for different asset types

10. Operating Procedures: Day-to-day procedures for asset management and reporting