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Debt Assignment Agreement
"I need a Debt Assignment Agreement under Indonesian law for transferring corporate loan receivables worth IDR 5 billion from PT Bank Central Asia Tbk to a private equity firm, with the transfer scheduled for March 2025 and including provisions for existing collateral transfer."
1. Parties: Identification of the Assignor (current creditor), Assignee (new creditor), and acknowledgment of the Original Debtor
2. Background: Details of the original debt arrangement, reason for assignment, and context of the transaction
3. Definitions: Definitions of key terms including Original Debt, Assignment Date, Outstanding Amount, and other relevant terms
4. Assignment: Core provision detailing the transfer of rights from Assignor to Assignee, including the scope of rights being transferred
5. Assignment Price and Payment: Details of the consideration for the assignment and payment mechanisms
6. Effective Date and Completion: Specifications about when the assignment takes effect and conditions for completion
7. Representations and Warranties: Statements by the Assignor regarding ownership, validity, and status of the debt being assigned
8. Notification to Debtor: Provisions regarding the mandatory notification to the Original Debtor under Indonesian law
9. Rights and Obligations Post-Assignment: Ongoing responsibilities of each party after the assignment is complete
10. Further Assurance: Obligations to execute additional documents or take actions necessary to perfect the assignment
11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution requirements
1. Security Assignment: Required if any security interests or collateral are being transferred along with the debt
2. Tax Provisions: Include when the assignment has significant tax implications or involves cross-border elements
3. Currency Provisions: Required when the debt is denominated in foreign currency or involves international payments
4. Regulatory Compliance: Include when either party is a regulated entity or the assignment requires regulatory approvals
5. Confidentiality: Include when parties wish to keep the terms of the assignment confidential
6. Power of Attorney: Include when specific authorizations are needed for post-assignment actions
7. Costs and Expenses: Include when there are significant costs associated with the assignment that need to be allocated
1. Schedule 1 - Details of Original Debt: Complete details of the debt being assigned, including original agreement, outstanding amount, and payment history
2. Schedule 2 - Form of Notice to Debtor: Template for the mandatory notice to be sent to the Original Debtor
3. Schedule 3 - Copies of Original Debt Documentation: Copies of all relevant original debt documents and amendments
4. Schedule 4 - Payment Details: Bank account and payment instruction details for the assignment price
5. Appendix A - Power of Attorney (if applicable): Format of power of attorney for specific post-assignment actions
6. Appendix B - Related Security Documents: List and copies of any security documents related to the debt being assigned
Authors
Assigned Rights
Assignment
Assignment Date
Assignment Price
Business Day
Completion
Completion Date
Conditions Precedent
Deed of Assignment
Default Interest Rate
Effective Date
Encumbrance
Event of Default
Existing Security
Governmental Authority
Indonesian Rupiah
Interest Period
Law
Material Adverse Effect
Notice of Assignment
Original Debt
Original Debt Agreement
Original Debtor
Outstanding Amount
Party/Parties
Payment Date
Related Documents
Relevant Documents
Security
Security Documents
Tax
Transaction Documents
Transfer Documents
Working Day
Payment
Representations and Warranties
Conditions Precedent
Notification
Further Assurance
Indemnification
Confidentiality
Tax
Costs and Expenses
Force Majeure
Governing Law
Dispute Resolution
Severability
Amendments
Notices
Assignment and Transfer
Entire Agreement
Waiver
Currency
Security Assignment
Default
Termination
Regulatory Compliance
Power of Attorney
Counterparts
Language
Time of Essence
No Partnership
Third Party Rights
Banking & Financial Services
Investment Management
Debt Collection & Recovery
Corporate Finance
Real Estate & Property
Manufacturing
Infrastructure
Trading & Commerce
Insurance
Private Equity
Asset Management
Retail
Legal
Finance
Treasury
Credit Management
Debt Collection
Risk Management
Compliance
Corporate Affairs
Investment
Portfolio Management
Accounts Receivable
Special Assets
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Finance Manager
Credit Manager
Debt Collection Manager
Investment Manager
Portfolio Manager
Risk Manager
Treasury Manager
Account Manager
Legal Director
Compliance Officer
Corporate Secretary
Financial Controller
Restructuring Officer
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