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Aircraft Purchase Agreement
"Need an Aircraft Purchase Agreement under Singapore law for the acquisition of a new Boeing 787 from the manufacturer, with specific provisions for financing through Standard Chartered Bank and delivery scheduled for March 2025."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the transaction and brief description of the aircraft
3. Definitions: Key terms used throughout the agreement
4. Aircraft Description: Detailed specifications of the aircraft being sold
5. Purchase Price: Price and payment terms
6. Conditions Precedent: Prerequisites for completion of the sale
7. Completion: Process and requirements for closing the transaction
8. Representations and Warranties: Statements of fact and assurances from both parties
9. Covenants: Ongoing obligations of the parties
10. Indemnification: Provisions for compensation in case of losses or breaches
11. Termination: Circumstances and process for ending the agreement
12. Governing Law and Jurisdiction: Choice of law and dispute resolution provisions
1. Financing Provisions: Terms related to any financing arrangements for the aircraft purchase
2. Lease Assignment: Terms for assigning any existing lease agreements
3. Tax Indemnity: Provisions for tax liability allocation in cross-border transactions
4. Insurance: Specific insurance requirements and obligations
5. Registration and Deregistration: Provisions relating to aircraft registration changes
1. Aircraft Specifications: Detailed technical specifications of the aircraft
2. Aircraft Documents: List of required documentation and certificates
3. Delivery Condition Requirements: Specific conditions the aircraft must meet at delivery
4. Form of Acceptance Certificate: Template for the acceptance certificate at delivery
5. Pre-delivery Inspection Protocol: Procedures for pre-delivery inspection
6. Form of Bill of Sale: Template for the transfer of title document
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