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1. Parties: Identification of the Assignor (current property owner) and Assignee (typically a lender or security trustee)
2. Background: Recitals explaining the context of the assignment, including reference to any facility agreement or other primary agreements
3. Definitions: Definitions of key terms used throughout the document, including 'Property', 'Leases', 'Rents', and 'Security Period'
4. Assignment: Core provisions detailing the assignment of leases and rents from Assignor to Assignee
5. Representations and Warranties: Assignor's confirmations regarding ownership, authority to assign, and status of leases
6. Covenants: Ongoing obligations of the Assignor regarding lease management and rent collection
7. Powers of Attorney: Appointment of Assignee as attorney to manage leases and collect rents upon enforcement
8. Further Assurance: Obligation to execute additional documents and take necessary steps to perfect the assignment
9. Notices: Requirements for giving notices under the assignment
10. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction
11. Execution: Formal execution blocks for the parties
1. Security Provisions: Additional security provisions if the assignment is part of a larger security package
2. Property Management: Provisions regarding the management of the property during the security period, if required
3. Insurance: Specific insurance requirements if not covered in other facility documents
4. Event of Default Provisions: Detailed provisions regarding enforcement if not covered in other facility documents
5. Third Party Rights: Exclusion or inclusion of rights for third parties under the Contracts (Rights of Third Parties) Ordinance
6. Assignment and Transfer: Provisions regarding the ability to assign or transfer rights under the assignment, if required
1. Property Description: Detailed legal description of the property, including lot numbers and government lease details
2. Existing Leases: List and details of all existing leases affecting the property
3. Tenant Information: Details of current tenants, including contact information and payment terms
4. Form of Notice to Tenants: Template notice to inform tenants of the assignment
5. Rent Roll: Current rent roll showing all rental payments and other income from the property
6. Powers of Attorney: Detailed forms of any powers of attorney granted under the assignment
Assignor
Assignment
Authorisation
Business Day
Deed
Default Interest
Encumbrance
Event of Default
Facility Agreement
Finance Documents
Financial Indebtedness
Government Authority
Hong Kong
Insolvency Event
Land Registry
Lease Documents
Leases
Legal Requirements
Losses
Material Adverse Effect
Mortgaged Property
Notice
Permitted Security Interest
Property
Receiver
Related Rights
Rent
Rental Income
Secured Liabilities
Secured Parties
Security
Security Interest
Security Period
Tenants
Transaction Documents
Trust Deed
Working Hours
Assignment
Security Creation
Representations and Warranties
Covenants
Powers of Attorney
Property Management
Rent Collection
Default and Enforcement
Further Assurance
Registration and Stamp Duty
Set-off Rights
Costs and Expenses
Remedies and Waivers
Assignment and Transfer
Notices
Severability
Counterparts
Third Party Rights
Governing Law and Jurisdiction
Real Estate
Banking & Finance
Property Development
Commercial Property Management
Real Estate Investment
Property Investment Trusts (REITs)
Real Estate Finance
Commercial Lending
Legal
Finance
Real Estate
Property Management
Risk Management
Compliance
Investment
Corporate Secretarial
Credit Risk
Asset Management
Real Estate Lawyer
Banking & Finance Lawyer
Property Manager
Asset Manager
Legal Counsel
Finance Director
Commercial Property Director
Real Estate Investment Manager
Security Trustee
Loan Officer
Property Portfolio Manager
Risk Manager
Company Secretary
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