Novation And Amendment Agreement Template for Philippines

1. Conditions Precedent: Used when the novation or amendments are subject to certain conditions being met first

2. Release and Discharge: Include when explicit releases from previous obligations need to be documented

3. Security Arrangements: Required when existing security needs to be addressed or new security is being provided

4. Costs and Expenses: Include when there's a need to specify who bears the costs of the novation and amendments

5. Transitional Provisions: Used when there needs to be a transition period or specific arrangements for implementing changes

6. Tax Provisions: Include when there are specific tax implications that need to be addressed

7. Regulatory Compliance: Required when the novation/amendments need specific regulatory approvals or compliance measures

1. Schedule 1 - Original Agreement: Copy or reference to the original agreement being novated/amended

2. Schedule 2 - Amendments Table: Detailed table showing original clauses and their amended versions

3. Schedule 3 - Conditions Precedent: List of any conditions that must be satisfied before the agreement becomes effective

4. Schedule 4 - Form of Notices: Template forms for any required notices under the agreement

5. Appendix A - Corporate Authorizations: Copies of relevant corporate authorizations and board resolutions

6. Appendix B - Regulatory Approvals: Copies of any required regulatory approvals or filings