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Deed Of Assignment Of Debt
"I need a Deed of Assignment of Debt to transfer a bank loan worth IDR 5 billion from Bank Mandiri to BCA, with the assignment to be completed by March 2025; the original loan was for a manufacturing facility in Jakarta."
1. Parties: Identification of the Assignor (current creditor), Assignee (new creditor), and Debtor
2. Background: Context of the original debt, reason for assignment, and confirmation of the debt's existence
3. Definitions: Definitions of key terms used throughout the deed
4. Details of Debt: Specific description of the debt being assigned, including amount, interest, and payment terms
5. Assignment: Express terms of the assignment and transfer of rights from Assignor to Assignee
6. Consideration: Details of the payment or consideration for the assignment
7. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of the debt
8. Completion: Conditions for and timing of the completion of the assignment
9. Notice and Acknowledgment: Provisions regarding notification to and acknowledgment by the Debtor
10. Further Assurance: Obligations to execute further documents or take additional steps if needed
11. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction provisions
1. Security Assignment: Required when the debt is secured by collateral or guarantees
2. Tax Provisions: Include when there are specific tax implications that need to be addressed
3. Regulatory Compliance: Required when the assignment involves regulated entities or requires regulatory approvals
4. Foreign Exchange Provisions: Include when the debt is denominated in foreign currency
5. Costs and Expenses: Optional section detailing who bears the costs of the assignment
6. Partial Assignment: Required when only part of the debt is being assigned
7. Confidentiality: Include when sensitive commercial information needs protection
1. Schedule 1 - Details of Original Debt Agreement: Copy or details of the original debt agreement being assigned
2. Schedule 2 - Calculation of Debt: Detailed breakdown of the principal, interest, and other amounts comprising the debt
3. Schedule 3 - Form of Notice to Debtor: Template of formal notice to be sent to the Debtor regarding the assignment
4. Schedule 4 - Security Documents: List and copies of any security documents related to the debt
5. Schedule 5 - Completion Requirements: Checklist of documents and actions required for completion
6. Appendix A - Power of Attorney: If required, form of power of attorney for executing additional documents
7. Appendix B - Corporate Authorizations: Copies of relevant corporate approvals and authorizations
Authors
Assigned Debt
Assigned Rights
Assignment Date
Assignor
Assignee
Business Day
Completion
Completion Date
Consideration
Debtor
Default Interest
Effective Date
Encumbrance
Event of Default
Existing Security
Governing Law
Indonesian Law
Interest Rate
Losses
Material Adverse Effect
Notice
Original Debt Agreement
Outstanding Amount
Parties
Payment Date
Relevant Documents
Representatives
Security
Security Documents
Subsidiary
Tax
Transaction Documents
Transfer Documents
Working Hours
Consideration
Representations and Warranties
Conditions Precedent
Completion
Further Assurance
Notification Requirements
Security Assignment
Payment Terms
Interest
Default
Indemnification
Costs and Expenses
Tax
Confidentiality
Force Majeure
Notices
Amendment
Severability
Waiver
Entire Agreement
Counterparts
Assignment and Transfer
Third Party Rights
Governing Law
Dispute Resolution
Language
Regulatory Compliance
Registration Requirements
Authority and Capacity
Banking and Financial Services
Investment Management
Real Estate
Manufacturing
Trading and Distribution
Infrastructure
Energy
Mining
Construction
Healthcare
Technology
Telecommunications
Legal
Finance
Treasury
Credit Management
Risk Management
Compliance
Corporate Secretarial
Investment
Portfolio Management
Business Development
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Debt Recovery Manager
Credit Manager
Investment Manager
Portfolio Manager
Risk Manager
Compliance Officer
Financial Controller
Corporate Secretary
Business Development Director
Restructuring Officer
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