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Assignment Of Loan Agreement
"I need an Assignment of Loan Agreement under Hong Kong law for transferring a corporate loan from ABC Bank to XYZ Investment Fund, with the assignment to take effect from March 1, 2025, and including provisions for the transfer of related security interests."
1. Parties: Identifies the Assignor (current lender), Assignee (new lender), and Borrower
2. Background: Recitals explaining the original loan agreement and the intention to assign
3. Definitions: Defines key terms used throughout the agreement, including Original Loan Agreement, Assigned Rights, Effective Date
4. Assignment: Core provision detailing the assignment of rights, title, and interest in the loan
5. Consideration: States the payment or consideration for the assignment
6. Effective Date: Specifies when the assignment becomes effective
7. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of the loan
8. Notification and Consent: Provisions regarding notice to the Borrower and any required consents
9. Further Assurance: Obligations to execute further documents or take additional actions if needed
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes
1. Security Assignment: Required if any security interests are being transferred along with the loan
2. Conditions Precedent: Include if assignment is conditional upon certain events or actions
3. Tax Provisions: Include specific tax-related provisions if stamp duty or other tax implications need to be addressed
4. Regulatory Compliance: Required if either party is a regulated entity or if the loan is subject to specific regulatory requirements
5. Costs and Expenses: Include if there are specific arrangements for bearing costs of the assignment
6. Partial Assignment: Required if only a portion of the loan is being assigned
7. Confidentiality: Include if specific confidentiality obligations need to be imposed beyond standard practice
1. Original Loan Agreement: Copy or details of the loan agreement being assigned
2. Assigned Rights: Detailed list of all rights, interests and obligations being assigned
3. Form of Notice to Borrower: Template notice informing the borrower of the assignment
4. Outstanding Amount: Details of the current loan balance and payment status
5. Security Documents: List and copies of any security documents related to the loan
6. Required Consents: Copies of any third-party consents required for the assignment
Authors
Assigned Rights
Assignment Date
Assignor
Assignee
Borrower
Completion Date
Cut-off Date
Effective Date
Encumbrance
Event of Default
Facility Agreement
Finance Documents
Financial Indebtedness
Guarantee
Interest Period
Law
Loan
Original Loan Agreement
Outstanding Amount
Party/Parties
Related Rights
Relevant Documents
Security
Security Documents
Signing Date
Transaction Documents
Transfer Certificate
Working Day
Notice of Assignment
Consideration
Completion
Conditions Precedent
Stamp Duty
Default Interest
Material Adverse Effect
Permitted Assignment
Regulatory Authority
Required Consents
Assignment
Consideration
Conditions Precedent
Completion
Representations and Warranties
Covenants
Security Assignment
Notice Requirements
Further Assurance
Stamp Duty
Costs and Expenses
Set-off
Confidentiality
Data Protection
Severability
Amendment
Waiver
Notices
Counterparts
Assignment and Transfer
Third Party Rights
Force Majeure
Entire Agreement
Governing Law
Jurisdiction
Dispute Resolution
Banking and Financial Services
Investment Management
Commercial Real Estate
Corporate Finance
Asset Management
Private Equity
Commercial Lending
Investment Banking
Infrastructure Finance
Project Finance
Legal
Finance
Credit Risk
Loan Administration
Portfolio Management
Compliance
Treasury
Commercial Banking
Investment
Corporate Finance
Risk Management
Transaction Management
Legal Counsel
Finance Manager
Credit Risk Officer
Loan Administrator
Portfolio Manager
Compliance Officer
Treasury Manager
Commercial Banking Officer
Investment Manager
Chief Financial Officer
Risk Manager
Corporate Finance Director
Debt Restructuring Specialist
Transaction Manager
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