Loan Assumption Agreement Template for Denmark

1. Release of Original Borrower: Optional section releasing the Original Borrower from future liability - used when there is a complete novation rather than just an assumption

2. Security Arrangements: Required when the original loan is secured - addresses transfer or replacement of security arrangements

3. Guarantor Provisions: Include when there are existing guarantors or new guarantors being added as part of the assumption

4. Tax Provisions: Detailed tax implications and responsibilities - particularly relevant for commercial loans or high-value transactions

5. Interest Rate Adjustments: Used when the assumption involves any modification to the original interest terms

6. Assignment and Transfer Restrictions: Include for larger commercial loans where transfer restrictions are important

7. Joint and Several Liability: Include when the Original Borrower will remain partially liable or when multiple parties are assuming the loan

1. Schedule 1 - Original Loan Agreement: Copy or summary of the original loan agreement being assumed

2. Schedule 2 - Current Loan Balance and Terms: Detailed statement of the current loan balance and payment terms as of the assumption date

3. Schedule 3 - Security Details: Details of any security arrangements being transferred or maintained

4. Schedule 4 - Conditions Precedent: List of all conditions that must be satisfied before the assumption becomes effective

5. Schedule 5 - Form of Notice to Third Parties: Template notices required to inform relevant third parties of the assumption

6. Appendix A - Due Diligence Documents: List of due diligence documents provided by the Assuming Party

7. Appendix B - Payment Instructions: Updated payment instructions and bank account details for loan payments