Credit Assignment Agreement Template for India

1. Security Transfer: Required when the assigned credit is secured by collateral or guarantees

2. Third Party Rights: Needed when there are existing third-party rights or claims that need to be addressed

3. Further Assurance: Additional provisions for future cooperation and documentation

4. Costs and Expenses: Allocation of transaction costs, stamp duty, and registration fees

5. Confidentiality: Required when sensitive commercial or personal information is involved

6. Assignment Restrictions: Include when there are limitations on further assignment by the assignee

7. Regulatory Compliance: Required when the assignment involves regulated entities or requires regulatory approvals

8. Tax Provisions: Include when there are specific tax implications or allocations to be addressed

1. Schedule 1 - Details of Assigned Credit: Comprehensive details of the credit being assigned including amount, interest, payment terms, and current status

2. Schedule 2 - Original Credit Documentation: List and copies of all relevant original credit documents

3. Schedule 3 - Security Details: Details of any security or collateral associated with the assigned credit

4. Schedule 4 - Payment Details: Bank account and payment instruction details for the consideration

5. Schedule 5 - Form of Notice to Debtor: Template of notice to be sent to the debtor regarding the assignment

6. Appendix A - Power of Attorney: If required, format of power of attorney for executing related documents

7. Appendix B - Compliance Certificates: Any required regulatory or compliance certificates