Assumption Agreement Template for Germany

1. Security and Guarantees: Details of any security or guarantees to be provided by the new debtor, used when additional security is required

2. Conditions Precedent: Any conditions that must be met before the assumption becomes effective, used in complex transactions

3. Transitional Provisions: Provisions governing the transition period, used when there are ongoing obligations

4. Indemnification: Provisions for indemnification between parties, used when specific risks need to be allocated

5. Notices: Formal requirements for notices between parties, used in longer-term arrangements

6. Severability: Standard severability clause, used when greater certainty about partial invalidity is needed

7. Costs and Expenses: Allocation of costs related to the assumption, used when significant costs are involved

1. Schedule 1 - Assumed Obligations: Detailed list and description of all obligations being assumed

2. Schedule 2 - Original Agreement: Copy or extract of the original agreement containing the obligations

3. Schedule 3 - Related Security Documents: List and copies of any security documents related to the assumed obligations

4. Schedule 4 - Consent Requirements: List of any third-party consents required and their status

5. Schedule 5 - Outstanding Amounts: Statement of any outstanding amounts as of the effective date