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Payment Schedule Agreement
"I need a Payment Schedule Agreement for a commercial property purchase where the buyer will pay in 12 monthly installments starting March 2025, with a 2% late payment fee and the option for early payment with a 1% discount."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context and purpose of the payment schedule agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Payment Terms: Details of payment amounts, frequencies, and methods
5. Payment Schedule: Specific dates and amounts for each payment
6. Default Provisions: Consequences of missing payments or breaching agreement
7. Governing Law: Specification of Singapore law as governing law
1. Early Payment Provisions: Terms for early payment options and any associated discounts
2. Interest Charges: Details of interest calculations and charges on late payments
3. Security Provisions: Details of any security or collateral arrangements
4. Force Majeure: Provisions for handling unforeseen circumstances affecting payment obligations
1. Payment Schedule Table: Detailed table showing all payment dates and amounts
2. Bank Account Details: Banking information and payment instructions
3. Interest Calculation Method: Detailed explanation of interest calculation methodology
4. Security Documentation: Details and documentation of security or collateral arrangements
Authors
Business Day
Commencement Date
Completion Date
Confidential Information
Default Event
Default Interest Rate
Due Date
Early Payment
Effective Date
Force Majeure Event
Instalment Amount
Interest Rate
Late Payment
Outstanding Balance
Parties
Payment Account
Payment Amount
Payment Date
Payment Method
Payment Schedule
Principal Amount
Relevant Interest
Security
Singapore Dollars
Term
Total Payment Amount
Working Day
Payment Schedule
Default and Remedies
Interest
Security
Force Majeure
Representations and Warranties
Confidentiality
Notices
Amendment and Modification
Assignment
Entire Agreement
Severability
Governing Law
Dispute Resolution
Early Payment
Late Payment
Currency
Payment Method
Term and Termination
Default Interest
Security Interest
Acceleration
Set-off Rights
Costs and Expenses
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