Debt Assumption Agreement Template for Belgium

1. Security Arrangements: Required if the original debt is secured - details transfer or replacement of security

2. Conditions Precedent: Include if the assumption is subject to specific conditions being met

3. Multiple Creditors: Required if there are multiple creditors - specifying their relationships and rights

4. Payment Terms: Include if payment terms differ from the original debt agreement

5. Tax Provisions: Include specific tax provisions if there are significant tax implications

6. Further Assurance: Include if additional documentation or actions may be required post-completion

7. Partial Assumption: Required if only part of the debt is being assumed

8. Step-in Rights: Include if creditor requires right to transfer debt to another party

1. Original Debt Agreement: Copy or details of the original debt agreement being assumed

2. Debt Details: Specific details of the debt including amount, interest, payment schedule

3. Security Documents: If applicable, details of any security arrangements

4. Creditor Consent Form: Formal consent document from creditor(s)

5. Payment Schedule: If payment terms are modified, detailed new payment schedule

6. Corporate Authorizations: Copies of relevant corporate approvals and authorizations

7. Conditions Precedent Checklist: If applicable, list of conditions and their status