Debt Novation Agreement Template for Hong Kong

1. Conditions Precedent: Used when the novation is conditional upon certain events or actions

2. Security Arrangements: Required when existing security needs to be preserved or new security is being provided

3. Tax Provisions: Needed when there are specific tax implications requiring detailed treatment

4. Regulatory Compliance: Required when the novation requires regulatory approvals or notifications

5. Release and Waiver: Optional additional confirmation of release of original debtor

6. Further Assurance: Used when additional documentation or actions may be needed post-novation

1. Schedule 1 - Original Debt Details: Detailed description of the original debt obligation, including amount, interest rate, and payment terms

2. Schedule 2 - New Debt Terms: Detailed terms of the new debt obligation if different from original

3. Schedule 3 - Security Documents: List and copies of any security documents that need to be transferred or created

4. Schedule 4 - Conditions Precedent: List of any conditions that must be satisfied before novation takes effect

5. Appendix A - Form of Notice: Template for any required notices to third parties

6. Appendix B - Related Agreements: Copies of any related agreements affected by the novation