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1. Parties: Identifies the Assignor (original creditor), Assignee (new creditor), and Debtor
2. Background: Describes the original debt arrangement and the intention to assign the debt
3. Definitions: Defines key terms used throughout the agreement including Assigned Debt, Effective Date, Security Interest, etc.
4. Assignment: Core provision detailing the assignment of debt and all associated rights
5. Consideration: Specifies the amount and payment terms for the assignment
6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, validity of debt, etc.
7. Covenants: Ongoing obligations of parties, including cooperation in debt collection
8. Completion and Transfer: Process and timing for completing the assignment and transferring relevant documents
9. Notices: Procedure for giving notices under the agreement
10. Governing Law and Jurisdiction: Specifies Indian law as governing law and jurisdiction for disputes
1. Security Interest Transfer: Required if the original debt is secured by any collateral or security interest
2. Regulatory Compliance: Required if either party is a regulated entity (e.g., banks, NBFCs)
3. Third Party Consent: Required if the original debt agreement requires consent for assignment
4. Tax Provisions: Include when assignment has significant tax implications
5. Further Assurance: Optional clause requiring parties to take additional steps to perfect the assignment
6. Costs and Expenses: Optional section detailing responsibility for assignment-related costs
7. Confidentiality: Include when sensitive financial information is involved
8. Severability: Optional boilerplate protecting agreement if parts are found invalid
1. Schedule 1 - Details of the Assigned Debt: Comprehensive details of the debt being assigned including amount, interest, payment history
2. Schedule 2 - Security Details: Details of any security or collateral associated with the debt
3. Schedule 3 - Original Debt Agreement: Copy of the original debt agreement being assigned
4. Schedule 4 - Transfer Documents: Forms and notices required to perfect the assignment
5. Appendix A - Notice to Debtor: Form of notice to be sent to debtor informing of the assignment
6. Appendix B - Regulatory Approvals: Copies of any required regulatory approvals or filings
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
Financial Indebtedness
Governmental Authority
Interest Rate
Law
Material Adverse Effect
Notice
Original Debt Agreement
Outstanding Amount
Payment Date
Permitted Assignee
Related Documents
Related Rights
Relevant Jurisdiction
Security Documents
Security Interest
Stamp Duty
Tax
Transfer Documents
Working Day
Consideration
Representations and Warranties
Covenants
Security Transfer
Completion
Payment
Notice Requirements
Further Assurance
Indemnification
Regulatory Compliance
Confidentiality
Force Majeure
Severability
Assignment and Transfer
Entire Agreement
Amendment
Waiver
Costs and Expenses
Notices
Counterparts
Time of Essence
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Default
Remedies
Termination
Banking & Financial Services
Non-Banking Financial Companies (NBFCs)
Asset Management
Debt Collection
Investment Banking
Real Estate
Manufacturing
Trading & Commerce
Infrastructure
Healthcare
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Finance
Debt Recovery
Portfolio Management
Investment
Operations
Chief Financial Officer
Finance Director
Legal Counsel
Debt Recovery Officer
Credit Manager
Portfolio Manager
Risk Manager
Treasury Manager
Compliance Officer
Corporate Finance Manager
Investment Analyst
Asset Manager
Collections Manager
Financial Controller
Business Development Manager
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