Document background
The Assignment Of Loan Agreement Template is designed for use in the United Arab Emirates when one lender wishes to transfer its rights and obligations under an existing loan agreement to another party. This document is particularly relevant in scenarios involving loan portfolio sales, debt restructuring, or strategic exits from lending positions. The template incorporates essential requirements under UAE law, including compliance with the UAE Civil Code (Federal Law No. 5 of 1985) and, where applicable, UAE Central Bank regulations. It provides comprehensive coverage of assignment mechanics, necessary consents, representations and warranties, and treatment of associated security interests. The document is structured to accommodate both conventional and Islamic finance transactions, with flexibility to address various loan types including bilateral, syndicated, secured, and unsecured facilities.
