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Bill Of Sale Loan Agreement
"I need a Bill of Sale Loan Agreement for a $75,000 business equipment loan to be repaid over 36 months, where the manufacturing equipment being purchased will serve as security, with drawdown planned for March 2025."
1. Parties: Identifies the lender and borrower with their full legal names and addresses
2. Background: Sets out the context of the loan and the security arrangement through bill of sale
3. Definitions: Defines key terms used throughout the agreement
4. Loan Details: Specifies the loan amount, interest rate, term, and purpose
5. Security Interest: Details of the property being used as security and confirmation of the bill of sale arrangement
6. Repayment Terms: Payment schedule, method of payment, and early repayment provisions
7. Borrower's Covenants: Borrower's obligations regarding the secured property and loan repayment
8. Events of Default: Circumstances constituting default and consequences
9. Enforcement Rights: Lender's rights and remedies upon default
10. General Provisions: Standard contract terms including notices, amendments, and governing law
1. Guarantor Provisions: Required when a guarantor is securing the loan
2. Insurance Requirements: Required when specific insurance must be maintained on the secured property
3. Special Conditions: Used when there are unique terms specific to this loan arrangement
4. Assignment Rights: Include when either party may need to assign their rights under the agreement
5. Prepayment Provisions: Detailed early repayment terms when these differ from standard terms
1. Schedule 1 - Property Description: Detailed description of the property subject to the bill of sale
2. Schedule 2 - Payment Schedule: Detailed repayment schedule including dates and amounts
3. Schedule 3 - Initial Disclosure Statement: Mandatory disclosure information required under the CCCFA
4. Schedule 4 - Special Conditions: Any special terms or conditions applicable to this specific agreement
5. Appendix A - Property Valuation: Independent valuation of the security property if required
6. Appendix B - Insurance Details: Details of required insurance coverage for the security property
Authors
Applicable Law
Bill of Sale
Borrower
Business Day
Collateral
Commencement Date
Default Interest Rate
Default Event
Disclosure Statement
Due Date
Enforcement Event
Event of Default
Financing Statement
Guarantor
Interest Rate
Lender
Loan
Loan Amount
Material Adverse Effect
Obligations
Payment Date
Permitted Security Interest
PPSA
Principal
Property
Repayment Schedule
Secured Property
Security Interest
Security Registration
Term
Total Amount Payable
Working Day
Security Interest
Title Transfer
Payment Obligations
Interest
Default
Enforcement
Representations and Warranties
Covenants
Property Maintenance
Insurance
Assignment
Notices
Confidentiality
Force Majeure
Indemnification
Dispute Resolution
Governing Law
Registration
Disclosure
Amendment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
GST
Privacy
Anti-Money Laundering
Property Possession
Termination
Financial Services
Banking
Legal Services
Asset Finance
Consumer Lending
Commercial Lending
Automotive Finance
Equipment Finance
Agricultural Finance
Legal
Compliance
Credit
Risk Management
Operations
Collections
Document Management
Customer Service
Finance
Commercial Lending
Business Development
Credit Manager
Loan Officer
Legal Counsel
Compliance Officer
Risk Manager
Financial Advisor
Collections Manager
Credit Analyst
Document Controller
Property Manager
Asset Manager
Finance Manager
Commercial Lending Specialist
Business Development Manager
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