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Master Receivables Purchase Agreement
"Need a Master Receivables Purchase Agreement for a Singapore manufacturing company selling its trade receivables to DBS Bank, with a facility limit of SGD 50 million and implementation date of March 1, 2025. The seller should continue as servicer."
1. Parties: Identification of the purchaser and seller, including registration details and addresses
2. Background: Context of the agreement, including the seller's business and nature of receivables
3. Definitions and Interpretation: Key terms used throughout the agreement including Eligible Receivables, Purchase Price, etc.
4. Sale and Purchase: Core provisions regarding the sale and assignment of receivables
5. Purchase Price and Payment: Calculation methodology and payment terms for purchased receivables
6. Eligibility Criteria: Criteria that receivables must meet to be eligible for purchase
7. Representations and Warranties: Standard and transaction-specific representations by parties
8. Covenants: Ongoing obligations of the parties
9. Events of Default: Circumstances constituting default and consequences thereof
10. Termination: Provisions for termination of the agreement and its consequences
11. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction provisions
1. Servicing Arrangements: Terms for collection and servicing of receivables when seller continues to service the receivables post-sale
2. Credit Enhancement: Additional security or support features when additional credit support is required
3. Information Rights: Specific provisions regarding information sharing and reporting requirements
4. Tax Provisions: Specific tax-related provisions and allocations of tax responsibilities
1. Form of Transfer Notice: Standard form for notifying purchase of specific receivables
2. Eligibility Criteria Schedule: Detailed criteria for acceptable receivables
3. Form of Servicer Report: Template for periodic reporting on receivables performance
4. Calculation of Purchase Price: Detailed methodology for price calculation
5. Form of Notice to Debtors: Template for notifying underlying debtors of the assignment
6. Powers of Attorney: Forms of powers of attorney for various purposes under the agreement
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