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1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and any relevant registration numbers
2. Background: Recitals explaining the context of the original agreement, any defaults or disputes, and the intention to reaffirm
3. Definitions: Definitions of key terms used throughout the agreement, including references to the original agreement and any relevant dates
4. Acknowledgment of Original Obligation: Clear statement acknowledging the original obligation and its terms
5. Reaffirmation: Express reaffirmation of the obligation and any modifications to the original terms
6. Consideration: Statement of the consideration being provided for the reaffirmation
7. Payment Terms: Details of any payment arrangements, including amounts, dates, and methods of payment
8. Representations and Warranties: Statements from both parties regarding their capacity and authority to enter into the agreement
9. Governing Law and Jurisdiction: Specification of Irish law as governing law and designation of jurisdiction for disputes
10. Entire Agreement: Integration clause confirming this agreement represents the complete understanding between parties
11. Execution: Signature blocks and execution requirements
1. Additional Security: Include when new security or guarantees are being provided as part of the reaffirmation
2. Release Provisions: Include when certain claims or rights are being released as part of the settlement
3. Confidentiality: Include when parties wish to keep the terms of the reaffirmation confidential
4. Default and Remedies: Include when specific consequences for default need to be outlined
5. Tax Provisions: Include when there are specific tax implications that need to be addressed
6. Compliance with Bankruptcy Laws: Include when the reaffirmation is made in context of bankruptcy proceedings
7. Third Party Rights: Include when rights of third parties are affected or excluded
1. Schedule 1 - Original Agreement: Copy or summary of the original agreement being reaffirmed
2. Schedule 2 - Payment Schedule: Detailed payment terms and amortization schedule if applicable
3. Schedule 3 - Security Details: Details of any security or collateral provided
4. Appendix A - Calculation of Outstanding Amounts: Detailed breakdown of amounts being reaffirmed, including principal, interest, and any fees
5. Appendix B - Form of Acknowledgment: Template for periodic acknowledgments if required
6. Appendix C - Compliance Certificate: Form of certificate confirming compliance with agreement terms if required
Original Agreement
Effective Date
Reaffirmation Date
Original Obligation
Reaffirmed Amount
Parties
Creditor
Debtor
Business Day
Default
Event of Default
Interest Rate
Payment Date
Due Date
Security
Security Documents
Guarantor
Guarantee
Secured Obligations
Settlement Sum
Outstanding Balance
Payment Schedule
Discharge Date
Enforcement Action
Material Adverse Change
Permitted Purpose
Related Rights
Settlement Terms
Termination Event
Working Day
Insolvency Event
Relevant Period
Completion Date
Consideration
Affiliates
Claim
Dispute
Liability
Representatives
Security Interest
Reaffirmed Obligations
Default Rate
Governing Law
Jurisdiction
Notice
Payment Method
Designated Account
Definitions
Acknowledgment
Reaffirmation
Payment Terms
Interest
Security
Representations and Warranties
Consideration
Settlement Terms
Release
Default
Remedies
Force Majeure
Assignment
Notices
Confidentiality
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Further Assurance
Costs and Expenses
Set-off
Counterparts
Time of Essence
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Termination
Survival
Compliance
Good Faith
Banking & Financial Services
Insurance
Commercial Real Estate
Retail
Manufacturing
Professional Services
Construction
Healthcare
Technology
Agriculture
Legal
Finance
Risk Management
Compliance
Collections
Credit Management
Treasury
Corporate Affairs
Debt Recovery
Commercial Operations
Legal Counsel
Finance Director
Credit Manager
Risk Manager
Compliance Officer
Collections Manager
Business Development Manager
Corporate Lawyer
Debt Recovery Specialist
Insolvency Practitioner
Contract Administrator
Chief Financial Officer
Treasury Manager
Account Manager
Settlement Officer
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