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Vendor Finance Agreement
"Need a Vendor Finance Agreement for our company (medical equipment supplier) to provide financing of SGD 2.5 million to a Singapore hospital for purchase of diagnostic equipment, with quarterly repayments over 5 years starting March 2025."
1. Parties: Identification and details of the vendor and financier
2. Background: Context of the financing arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Facility Terms: Amount, purpose, and key terms of the financing
5. Security Arrangements: Details of collateral and security provisions
6. Repayment Terms: Payment schedule, interest rates, and repayment conditions
7. Representations and Warranties: Statements of fact and assurances from parties
8. Events of Default: Circumstances constituting default and consequences
9. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Insurance Requirements: Specific insurance coverage requirements for financed assets or operations
2. Assignment and Transfer: Provisions governing the transfer of rights and obligations under the agreement
3. Tax Provisions: Detailed tax-related obligations and arrangements between parties
1. Payment Schedule: Detailed repayment timeline and amounts
2. Security Documents: List and copies of security documents
3. Asset Schedule: Details of financed assets or inventory
4. Conditions Precedent: List of conditions to be satisfied before drawdown
5. Form of Drawdown Notice: Template for requesting disbursements
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