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Deed Of Assignment Of Debt
"I need a Deed of Assignment of Debt to transfer a $500,000 corporate loan from ABC Finance Ltd to XYZ Capital Inc, with completion scheduled for March 15, 2025; the debt is unsecured and the debtor is a manufacturing company in Ontario."
1. Parties: Identification of the Assignor (current debt holder) and Assignee (new debt holder), including full legal names and addresses
2. Background: Recitals explaining the existence of the debt, the parties' relationship, and intention to assign
3. Definitions: Definitions of key terms used throughout the deed
4. Assignment: Core clause transferring all rights, title, and interest in the debt from Assignor to Assignee
5. Consideration: Details of the payment or other consideration for the assignment
6. Warranties and Representations: Assignor's warranties regarding ownership, right to assign, and status of the debt
7. Completion: Requirements for completion of the assignment, including payment and delivery of documents
8. Further Assurance: Obligation to execute further documents and take additional steps if needed
9. Costs: Allocation of costs related to the assignment
10. Governing Law and Jurisdiction: Specification of applicable law and courts
11. Execution: Formal execution block meeting deed requirements
1. Security Assignment: Required if the debt is secured by any form of security interest or guarantee
2. Notice Requirements: Include if specific notice requirements to the debtor or other parties are needed
3. Conditions Precedent: Include if the assignment is conditional upon certain events or actions
4. Power of Attorney: Include if Assignee needs power to act in Assignor's name
5. Registration: Include if the assignment needs to be registered under PPSA or other legislation
6. Confidentiality: Include if sensitive commercial information is involved
7. Tax Provisions: Include if there are specific tax implications to address
8. Multiple Debts: Include if assigning a portfolio of debts with specific provisions
1. Schedule 1 - Details of the Debt: Comprehensive details of the debt being assigned, including amount, interest rate, payment terms
2. Schedule 2 - Original Debt Documentation: List and copies of all relevant original debt documentation
3. Schedule 3 - Security Details: Details of any security interests or guarantees associated with the debt
4. Schedule 4 - Form of Notice: Template notice to be sent to the debtor informing of the assignment
5. Schedule 5 - Related Rights: List of any related rights being assigned (e.g., insurance rights, collection rights)
6. Appendix A - Payment Instructions: Details of how and where payments should be made post-assignment
Authors
Assignee
Assigned Debt
Assignment Date
Completion Date
Consideration
Debtor
Debt Documentation
Effective Date
Encumbrance
Event of Default
Further Assurance
Governing Law
Guaranteed Obligations
Insolvency Event
Material Adverse Effect
Notice
Original Credit Agreement
Outstanding Balance
Parties
Payment Date
Permitted Encumbrance
Related Rights
Relevant Period
Security
Security Interest
Transaction Documents
Working Day
Outstanding Amount
Completion
Conditions Precedent
Default Interest
Due Date
Enforcement Rights
Legal Requirements
Payment Instructions
Records
Secured Obligations
Security Documents
Transfer Date
Consideration
Warranties and Representations
Further Assurance
Security Assignment
Notice Requirements
Payment Terms
Completion
Conditions Precedent
Risk and Title
Enforcement Rights
Power of Attorney
Registration and Filing
Costs and Expenses
Tax Provisions
Confidentiality
Data Protection
Severability
Entire Agreement
Amendment and Waiver
Notices
Force Majeure
Governing Law
Jurisdiction
Third Party Rights
Counterparts
Indemnification
Default
Assignment Restrictions
Compliance with Laws
Dispute Resolution
Banking and Financial Services
Commercial Real Estate
Corporate Finance
Insurance
Investment Management
Debt Collection
Asset Management
Private Equity
Healthcare Finance
Construction and Development
Manufacturing
Professional Services
Legal
Finance
Treasury
Credit Control
Debt Recovery
Risk Management
Compliance
Commercial Operations
Corporate Finance
Portfolio Management
Finance Manager
Credit Manager
Legal Counsel
Corporate Lawyer
Debt Collection Manager
Portfolio Manager
Treasury Manager
Financial Controller
Risk Manager
Commercial Director
Accounts Receivable Manager
Chief Financial Officer
Legal Operations Manager
Compliance Officer
Investment Manager
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