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Financial Lease Contract
"I need a Financial Lease Contract for a fleet of 5 construction vehicles, with a 48-month term starting March 2025, including maintenance provisions and an option to purchase at the end of the lease term."
1. Parties: Identification and details of the lessor and lessee
2. Background: Context of the lease arrangement and brief description of the asset
3. Definitions: Key terms used throughout the agreement
4. Asset Description: Detailed description of the leased asset including specifications and condition
5. Lease Term and Payments: Duration of lease and payment schedule including amounts
6. Delivery and Acceptance: Terms regarding delivery and acceptance of the asset
7. Insurance and Maintenance: Requirements for insurance coverage and maintenance responsibilities
8. Default and Remedies: Consequences of default and available remedies
9. Governing Law: Specification of Singapore law as governing law
1. Purchase Option: Terms for purchasing the asset at end of lease (include when offering purchase option to lessee)
2. Assignment: Rights and restrictions regarding assignment of lease (include when assignment rights are relevant)
3. Tax Provisions: Specific tax arrangements and responsibilities (include for complex tax situations or cross-border leases)
4. Force Majeure: Provisions for unforeseen circumstances (include when specific risk allocation is needed)
1. Payment Schedule: Detailed breakdown of payment amounts and dates
2. Asset Specification: Technical specifications and details of the leased asset
3. Condition Report: Initial condition assessment of the asset
4. Insurance Requirements: Detailed insurance specifications and requirements
5. Maintenance Schedule: Required maintenance activities and timeline
6. Return Conditions: Specified conditions for asset return at lease end
Authors
Asset
Business Day
Commencement Date
Conditions Precedent
Default
Default Rate
Delivery Date
Early Termination
Event of Default
Fair Market Value
Finance Charges
Initial Period
Insurance Proceeds
Lease Payments
Lease Period
Lease Term
Lessee
Lessor
Loss
Maintenance Requirements
Material Adverse Change
Option Price
Payment Date
Permitted Use
Purchase Option
Purchase Price
Rental Payment
Renewal Period
Residual Value
Security Deposit
Specifications
Taxes
Term
Termination Date
Total Loss
Transaction Documents
Usage Restrictions
Warranties
Assignment and Subletting
Condition and Inspection
Confidentiality
Default and Remedies
Delivery
Early Termination
End of Lease Options
Force Majeure
Governing Law
Indemnification
Insurance Requirements
Interest and Late Payments
Liability Limitations
Maintenance and Repairs
Notices
Operating Conditions
Payment Terms
Permitted Use
Purchase Option
Registration and Title
Renewal Options
Repossession Rights
Representations and Warranties
Return Conditions
Risk of Loss
Security Deposit
Taxes and Duties
Term and Termination
Transfer of Rights
Use and Location
Warranties
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