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Debt Assignment Agreement
"I need a Belgian law Debt Assignment Agreement for transferring a €2.5M corporate loan from our investment firm to a third-party buyer, with completion scheduled for March 15, 2025, including provisions for debtor notification and security transfer."
1. Parties: Identification of the Assignor, Assignee, and where relevant, the Debtor
2. Background: Context of the debt assignment, including description of the original debt relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Assignment: Core provision detailing the transfer of the debt from Assignor to Assignee
5. Purchase Price: Details of the consideration paid for the assignment
6. Completion: Terms and conditions for the completion of the assignment, including timing and delivery requirements
7. Representations and Warranties: Statements of fact and guarantees by the Assignor regarding the debt and their authority to assign it
8. Notification and Perfection: Requirements for notifying the Debtor and perfecting the assignment under Belgian law
9. Further Assurance: Obligations to take additional steps necessary to effect the assignment
10. Governing Law and Jurisdiction: Confirmation of Belgian law as governing law and jurisdiction for disputes
1. Security Arrangements: Required when the assignment is made as security for another obligation
2. Regulatory Compliance: Needed when the assignment involves regulated financial institutions or activities
3. Tax Provisions: Include when specific tax treatments or obligations need to be addressed
4. Data Protection: Required when personal data is involved in the assigned debt
5. Anti-Money Laundering: Include when required by the nature of the parties or transaction
6. Multiple Debts: Required when the assignment covers multiple debt instruments or obligations
7. Partial Assignment: Include when only a portion of a debt is being assigned
1. Schedule 1 - Details of the Assigned Debt: Detailed description of the debt being assigned, including amount, interest, maturity dates
2. Schedule 2 - Original Debt Documentation: List and copies of the original debt agreements and related documents
3. Schedule 3 - Form of Notice to Debtor: Template for the notification to be sent to the Debtor regarding the assignment
4. Schedule 4 - Completion Requirements: Checklist of documents and actions required for completion
5. Schedule 5 - Payment Details: Bank account and payment information for the purchase price
6. Appendix A - Power of Attorney: If required, form of power of attorney for completing registration or notification requirements
7. Appendix B - Security Documentation: If applicable, documentation relating to any security arrangements
Authors
Assignment
Assignment Date
Assignor
Assignee
Business Day
Completion
Completion Date
Conditions Precedent
Debtor
Default Interest Rate
Effective Date
Encumbrance
Event of Default
Existing Security
Financial Indebtedness
Guaranteed Obligations
Interest Period
Material Adverse Effect
Notice of Assignment
Original Debt Agreement
Outstanding Amount
Payment Date
Purchase Price
Related Rights
Relevant Documents
Security
Security Agent
Settlement Date
Transaction Documents
Transfer Certificate
Underlying Documents
Working Day
Assignment
Purchase Price
Payment Terms
Completion
Conditions Precedent
Representations and Warranties
Covenants
Further Assurance
Security
Perfection Requirements
Notice Requirements
Set-off Rights
Tax
Costs and Expenses
Confidentiality
Data Protection
Anti-Money Laundering
Force Majeure
Severability
Amendment
Assignment and Transfer
Notices
Waiver
Entire Agreement
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Dispute Resolution
Banking and Financial Services
Debt Collection and Recovery
Investment Management
Private Equity
Commercial Real Estate
Asset Management
Corporate Finance
Insurance
Healthcare Finance
Infrastructure Finance
Legal
Finance
Treasury
Risk Management
Compliance
Credit Management
Debt Recovery
Portfolio Management
Corporate Finance
Investment
Operations
Legal Counsel
Finance Director
Credit Manager
Risk Manager
Chief Financial Officer
Treasury Manager
Debt Recovery Specialist
Portfolio Manager
Compliance Officer
Investment Manager
Corporate Finance Manager
Transaction Manager
Senior Legal Advisor
Financial Controller
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