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Debt Assignment Agreement
"I need a Debt Assignment Agreement under German law for transferring a €2.5M corporate loan from Deutsche Bank to FinTech Investments GmbH, with completion scheduled for March 15, 2025."
1. Parties: Identification of the Assignor (current creditor) and Assignee (new creditor)
2. Background: Context of the debt assignment, including origin of the debt and reason for assignment
3. Definitions: Key terms used throughout the agreement, including 'Assigned Debt', 'Assignment Date', 'Original Debt Agreement'
4. Assignment: Core provision transferring the debt from Assignor to Assignee, including the effective date
5. Purchase Price and Payment: Details of consideration for the assignment and payment terms
6. Completion: Actions to be taken on completion of the assignment, including document handover
7. Assignor's Representations: Confirmations regarding ownership, validity, and transferability of the debt
8. Notification to Debtor: Provisions regarding informing the debtor of the assignment
9. Data Protection: GDPR compliance provisions for handling personal data
10. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
1. Security Transfer: Required if any security interests are being transferred with the debt
2. Regulatory Compliance: Required for regulated debts or when parties are financial institutions
3. Further Assurance: Optional clause requiring parties to take additional steps to perfect the assignment
4. Tax Provisions: Required if specific tax treatments or obligations need to be addressed
5. Assignee's Representations: Required if Assignee needs to make specific confirmations or warranties
6. Costs and Expenses: Optional section detailing responsibility for transaction costs
7. Partial Invalidity: Optional severability clause for complex assignments
8. Confidentiality: Required if sensitive commercial information is involved
1. Schedule 1: Details of Assigned Debt: Comprehensive description of the debt being assigned, including amount, interest, maturity
2. Schedule 2: Original Debt Agreement: Copy or details of the agreement creating the original debt
3. Schedule 3: Security Documents: If applicable, list and copies of security documents being transferred
4. Schedule 4: Form of Notice to Debtor: Template for notifying the debtor of the assignment
5. Schedule 5: Outstanding Amounts: Detailed breakdown of outstanding principal, interest, and other amounts
6. Appendix A: Power of Attorney: If required, form of power of attorney for completing post-assignment actions
Authors
Assigned Debt
Assigned Rights
Assignment Date
Assignor
Assignee
Business Day
Completion
Completion Date
Confidential Information
Data Protection Laws
Debtor
Encumbrance
Event of Default
Existing Security
GDPR
German Law
Losses
Notice of Assignment
Original Debt Agreement
Outstanding Amount
Parties
Purchase Price
Related Rights
Representatives
Security Documents
Security Interest
Tax
Transaction Documents
Transfer Certificate
Working Hours
Assignment
Consideration
Completion
Representations and Warranties
Further Assurance
Security Transfer
Payment Terms
Notification Requirements
Data Protection
Confidentiality
Tax
Costs and Expenses
No Set-Off
Severability
Notices
Amendment
Waiver
Assignment and Transfer
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Regulatory Compliance
Force Majeure
Entire Agreement
Banking & Financial Services
Investment Management
Private Equity
Debt Collection
Commercial Real Estate
Corporate Finance
Asset Management
Insurance
Healthcare Finance
Infrastructure Finance
Legal
Finance
Treasury
Credit Management
Risk Management
Compliance
Portfolio Management
Corporate Finance
Debt Collection
Investment Management
Legal Counsel
Finance Director
Credit Manager
Portfolio Manager
Debt Collection Officer
Risk Manager
Compliance Officer
Treasury Manager
Investment Director
Corporate Finance Manager
Legal Director
Chief Financial Officer
Restructuring Manager
Transaction Manager
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