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Assignment Of Proceeds Agreement
"I need an Assignment of Proceeds Agreement under Indonesian law for assigning future rental income from a commercial property in Jakarta to a local bank as security for a business loan, with the assignment to commence from March 1, 2025."
1. Parties: Identifies the Assignor, Assignee, and often the Debtor/Paying Party
2. Background: Sets out the context of the underlying transaction and the purpose of the assignment
3. Definitions: Defines key terms used throughout the agreement
4. Assignment: Core provision detailing the assignment of proceeds, its scope and effective date
5. Payment Instructions: Specifies how and where assigned proceeds should be paid
6. Representations and Warranties: Standard representations regarding authority, validity of proceeds, no prior assignment, etc.
7. Covenants: Ongoing obligations of the Assignor regarding the proceeds and notification requirements
8. Events of Default: Circumstances constituting default and consequences
9. Notices: Communication procedures between parties
10. Governing Law and Jurisdiction: Confirms Indonesian law governance and jurisdiction for disputes
11. General Provisions: Standard boilerplate clauses including amendments, waiver, severability
1. Security Provisions: Required if the assignment serves as security for other obligations
2. Currency Provisions: Needed if proceeds are in foreign currency or multiple currencies are involved
3. Tax Provisions: Required if tax implications need specific addressing
4. Step-In Rights: Optional provisions allowing Assignee to take direct action in certain circumstances
5. Insurance: Required if assigned proceeds relate to insurance policies or if insurance requirements exist
6. Regulatory Compliance: Needed if the assignment involves regulated industries or parties
7. Powers of Attorney: Optional section granting specific powers to the Assignee
1. Schedule 1 - Details of Assigned Proceeds: Detailed description of the proceeds being assigned, including amounts, payment dates, and source
2. Schedule 2 - Form of Notice of Assignment: Template notice to be sent to the Debtor/Paying Party
3. Schedule 3 - Payment Instructions: Detailed payment mechanics and bank account information
4. Schedule 4 - Form of Acknowledgment: Template acknowledgment to be signed by the Debtor/Paying Party
5. Schedule 5 - Existing Security Interests: List of any existing security interests or encumbrances over the proceeds
6. Schedule 6 - Required Authorizations: List of governmental or regulatory approvals required
7. Appendix A - Underlying Agreement Excerpts: Relevant excerpts from the agreement generating the proceeds
Authors
Assigned Proceeds
Assignment
Assignment Date
Assignment Notice
Authorized Representative
Business Day
Conditions Precedent
Default Event
Default Notice
Effective Date
Encumbrance
Event of Default
Governing Law
Indonesian Language Version
Notice of Assignment
Original Agreement
Payment Date
Payment Instructions
Proceeds Account
Receiving Account
Related Documents
Relevant Jurisdiction
Security Interest
Underlying Agreement
Underlying Debtor
Underlying Transaction
Working Days
Assignment Period
Authorized Signatory
Completion Date
Designated Account
Dispute
Force Majeure Event
Material Adverse Effect
Outstanding Amount
Payment Currency
Permitted Assignment
Secured Obligations
Transaction Documents
Assignment
Payment Obligations
Representations and Warranties
Covenants
Security
Notice Requirements
Payment Instructions
Events of Default
Remedies
Further Assurance
Power of Attorney
Currency Provisions
Tax Provisions
Costs and Expenses
Confidentiality
Force Majeure
Assignment and Transfer
Amendments and Waivers
Notices
Severability
Counterparts
Language Requirements
Governing Law
Dispute Resolution
Entire Agreement
Third Party Rights
Indemnification
Registration and Stamp Duty
Regulatory Compliance
Banking and Financial Services
Infrastructure
Energy and Resources
Real Estate and Construction
Manufacturing
Telecommunications
Oil and Gas
Mining
Agriculture
Trade and Export
Shipping and Maritime
Power Generation
Legal
Finance
Treasury
Credit and Risk
Commercial
Compliance
Project Finance
Transaction Management
Account Management
Securities and Trust Services
Legal Counsel
Finance Director
Treasury Manager
Credit Manager
Contract Manager
Risk Manager
Commercial Director
Chief Financial Officer
Project Finance Manager
Security Trustee
Compliance Officer
Account Manager
Transaction Manager
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