Installment sale contract based on a facility allocation contract

Here is a possible outline for a template or sample installment sale contract based on a facility allocation contract:

[Party A Name and Address] [Party B Name and Address]

1. Purpose This agreement (the “Agreement”) sets forth the terms and conditions under which [Party A] (“Seller”) will sell and [Party B] (“Buyer”) will purchase the allocated facility (the “Facility”) in installments.
2. Facility Allocation Seller has agreed to allocate the Facility to Buyer for the purchase price of [insert purchase price] (the “Purchase Price”), pursuant to the Facility Allocation Contract dated [insert date] (the “Allocation Contract”).
3. Installment Payments Buyer shall pay the Purchase Price in [insert number] equal installments of [insert installment amount] (the “Installments”), due on the [insert due date] of each month, commencing on [insert commencement date] and ending on [insert final installment date].
4. Security Interest Buyer grants Seller a security interest in the Facility to secure the payment of the Installments and any other amounts owed by Buyer to Seller under this Agreement.
5. Default and Remedies If Buyer fails to make any installment payment when due, Seller may, in its sole discretion, terminate this Agreement and repossess the Facility, retain any payments previously made by Buyer as liquidated damages, and pursue any other remedies available to it at law or in equity.
6. Title and Risk of Loss Title to the Facility shall remain with Seller until the Purchase Price has been paid in full. Risk of loss shall pass to Buyer upon delivery of the Facility to Buyer.
7. Representations and Warranties Buyer represents and warrants that it has the legal right and authority to enter into this Agreement and to purchase the Facility.
8. Governing Law and Dispute Resolution This Agreement shall be governed by and construed in accordance with the laws of [insert governing jurisdiction]. Any disputes arising from or related to this Agreement shall be resolved through mediation or arbitration in accordance with the rules of [insert governing mediation or arbitration organization], and the decision of the mediator or arbitrator shall be final and binding on both parties.

[Signatures]

Please note that this is just a general outline and not a substitute for legal advice. It’s important to consult with a qualified attorney to ensure that your specific needs and requirements are addressed in the contract.