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Loan Assignment Agreement
I need a Loan Assignment Agreement under Danish law for transferring a €5 million corporate loan from Danske Bank to Nordea Bank, with completion scheduled for March 15, 2025.
1. Parties: Identification of the Assignor (current lender), Assignee (new lender), and Borrower (if party to the agreement)
2. Background: Context of the original loan agreement and the purpose of the assignment
3. Definitions: Definitions of key terms used throughout the agreement
4. Assignment: Core provisions detailing the assignment of rights and obligations under the loan
5. Purchase Price and Payment: Terms of consideration for the assignment and payment mechanics
6. Completion: Conditions precedent, timing, and mechanics for completing the assignment
7. Representations and Warranties: Statements of fact and assurances from the Assignor regarding the loan and its authority
8. Further Assurance: Obligations to execute further documents and take additional steps if needed
9. Notices: Communication procedures between parties
10. Assignment and Transfer: Restrictions on further assignment of rights under this agreement
11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Security Assignment: Required if any security interests are being transferred with the loan
2. Regulatory Compliance: Include if either party is a regulated entity or if the transaction requires regulatory approval
3. Tax Provisions: Include specific tax-related provisions if there are particular tax implications
4. Borrower Consent: Include if borrower's consent is required and obtained for the assignment
5. Anti-Money Laundering: Include if required by the nature of the parties or regulatory requirements
6. Data Protection: Include specific provisions regarding handling of personal data if relevant
7. Set-off Rights: Include if specific set-off arrangements are needed
8. Costs and Expenses: Include if there's a specific agreement on transaction costs
9. Confidentiality: Include if specific confidentiality obligations are required beyond standard practice
1. Details of the Loan: Complete details of the loan being assigned, including amount, interest rate, maturity
2. Copy of Original Loan Agreement: The loan agreement being assigned
3. Security Documents: Copies of any security documents related to the loan
4. Form of Notice to Borrower: Template for notifying the borrower of the assignment
5. Completion Requirements: Detailed list of documents and actions required for completion
6. Powers of Attorney: Any required powers of attorney for executing the assignment
7. Existing Payment Details: Current payment arrangements and new payment instructions
8. Required Consents: Copies of any required third-party or regulatory consents
Authors
Assigned Rights
Assignment Date
Assignor
Assignee
Borrower
Business Day
Completion
Completion Date
Conditions Precedent
Effective Date
Encumbrance
Existing Security
Facility Agreement
Finance Documents
Financial Indebtedness
Governing Law
Interest
Loan
Loan Agreement
Original Lender
Outstanding Amount
Payment Date
Purchase Price
Related Rights
Relevant Jurisdiction
Security
Security Documents
Settlement Date
Transfer Certificate
Transfer Documents
Notice of Assignment
Parties
Personal Data
Principal Amount
Regulatory Authority
Representations
Security Agent
Taxes
Transaction Documents
Warranties
Purchase Price
Payment Terms
Conditions Precedent
Completion
Representations and Warranties
Further Assurance
Security Transfer
Notices
Costs and Expenses
Confidentiality
Data Protection
Anti-Money Laundering
Regulatory Compliance
Tax
Set-Off Rights
Interest
Default
Force Majeure
Severability
Amendment
Waiver
Entire Agreement
Counterparts
Third Party Rights
Borrower Consent
Assignment Restrictions
Governing Law
Jurisdiction
Dispute Resolution
Banking and Financial Services
Investment Management
Real Estate
Infrastructure
Private Equity
Commercial Lending
Asset Management
Corporate Finance
Project Finance
Manufacturing
Energy
Healthcare
Telecommunications
Legal
Finance
Treasury
Compliance
Risk Management
Credit
Investment
Portfolio Management
Transaction Management
Corporate Finance
Due Diligence
Operations
Legal Counsel
Finance Director
Treasury Manager
Loan Officer
Investment Manager
Portfolio Manager
Compliance Officer
Risk Manager
Transaction Manager
Chief Financial Officer
Corporate Lawyer
Banking Executive
Credit Manager
Financial Controller
Due Diligence Specialist
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