Assignment Of Payment Agreement Template for Ireland

1. Conditions Precedent: Used when the assignment is conditional on certain events or actions

2. Security Provisions: Include when additional security is being provided for the assigned payments

3. Regulatory Compliance: Required when the assignment involves regulated entities or activities

4. Tax Provisions: Include when there are specific tax implications requiring detailed treatment

5. Further Assurance: Optional clause requiring parties to take additional steps to perfect the assignment

6. Multiple Debtors: Include when payments are being assigned from multiple sources

7. Assignment Restrictions: Used when there are limitations on further assignment of rights

8. Severability: Optional boilerplate protecting against partial invalidity

1. Schedule 1 - Assigned Payment Rights: Detailed description of the payment rights being assigned, including amounts, dates, and calculation methods

2. Schedule 2 - Form of Notice to Debtor: Template for the notice informing the Debtor of the assignment

3. Schedule 3 - Payment Details: Bank account and payment processing information for the Assignee

4. Schedule 4 - Existing Security Interests: List of any existing charges or encumbrances over the payment rights

5. Schedule 5 - Conditions Precedent Documents: List of documents required before assignment becomes effective

6. Appendix A - Calculation Methodology: If payments involve complex calculations, details the methodology to be used