Credit Assignment Agreement for Malta
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Credit Assignment Agreement
"I need a Credit Assignment Agreement for transferring a €2.5M performing bank loan from Malta International Bank to FinCorp Investment Ltd, with completion scheduled for March 15, 2025; the agreement should include provisions for transferring associated security interests."
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1. Parties: Identifies the Assignor and Assignee with full legal names and addresses
2. Background: Explains the context of the assignment, including details about the original credit agreement and the parties' intention to assign
3. Definitions: Defines key terms used throughout the agreement, including 'Assigned Rights', 'Credit Agreement', 'Effective Date', etc.
4. Assignment: Core provision detailing the transfer of rights from Assignor to Assignee
5. Consideration: Specifies the payment or other consideration for the assignment
6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, status of the credit, etc.
7. Completion and Timing: Details about when and how the assignment takes effect
8. Notice and Communication: Requirements for notifying the debtor and other relevant parties
9. Confidentiality: Obligations regarding confidential information shared during the assignment process
10. Data Protection: Provisions ensuring compliance with data protection laws in handling personal information
11. Governing Law and Jurisdiction: Specifies Maltese law as governing law and establishes jurisdiction for disputes
1. Security Transfer: Used when the assignment includes transfer of associated security rights or collateral
2. Further Assurance: Include when additional actions may be needed post-assignment to perfect the transfer
3. Tax Provisions: Required when there are specific tax implications or arrangements between the parties
4. Anti-Money Laundering Provisions: Include for assignments involving regulated entities or significant sums
5. Set-off Rights: Include when parties want to preserve or establish specific set-off arrangements
6. Regulatory Compliance: Required when either party is a regulated entity or the assignment involves regulated activities
7. Sub-participation Rights: Include if the Assignee is permitted to enter into sub-participation arrangements
1. Schedule 1 - Details of Assigned Credit: Detailed description of the credit being assigned, including amount, terms, and current status
2. Schedule 2 - Original Credit Agreement: Copy or details of the original credit agreement being assigned
3. Schedule 3 - Form of Notice to Debtor: Template for the notice to be sent to the debtor regarding the assignment
4. Schedule 4 - Completion Requirements: List of documents and actions required for completion of the assignment
5. Schedule 5 - Security Details: Details of any security or collateral associated with the assigned credit
6. Appendix A - Payment Details: Banking and payment information for the consideration
7. Appendix B - Power of Attorney: Form of power of attorney if required for post-completion actions
Authors
Assigned Rights
Assignment Date
Assignor
Assignee
Business Day
Completion
Completion Date
Consideration
Credit Agreement
Debtor
Effective Date
Encumbrance
Event of Default
Facility
Finance Documents
Financial Indebtedness
Guarantee
Interest
Legal Requirements
Losses
Material Adverse Effect
Notice of Assignment
Original Credit Agreement
Outstanding Amount
Parties
Payment Date
Principal
Related Rights
Relevant Period
Security
Security Documents
Security Interest
Transaction Documents
Transfer Certificate
Warranties
Working Day
Consideration
Representations and Warranties
Completion
Payment
Transfer of Rights
Security Transfer
Notice Requirements
Confidentiality
Data Protection
Anti-Money Laundering
Further Assurance
Costs and Expenses
Tax
Indemnification
Force Majeure
Severability
Amendment
Waiver
Notices
Assignment and Transfer
Counterparts
Third Party Rights
Set-Off Rights
Entire Agreement
Regulatory Compliance
Governing Law
Jurisdiction
Dispute Resolution
Banking
Financial Services
Insurance
Investment Management
Real Estate
Commercial Lending
Asset Management
Debt Collection
Private Equity
Corporate Finance
Financial Technology
Legal
Finance
Compliance
Risk Management
Treasury
Credit Administration
Debt Collection
Corporate Finance
Investment Management
Portfolio Management
Commercial Operations
Transaction Management
Legal Counsel
Finance Director
Credit Manager
Compliance Officer
Risk Manager
Treasury Manager
Portfolio Manager
Debt Collection Manager
Corporate Finance Manager
Investment Manager
Chief Financial Officer
Legal Director
Commercial Director
Transaction Manager
Restructuring Manager
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