Debt Assignment And Assumption Agreement Template for India

1. Security Transfer: Include when the debt is secured and security interests need to be transferred

2. Regulatory Compliance: Include for regulated debts or when parties are financial institutions

3. Tax Provisions: Include specific tax-related provisions when assignment has significant tax implications

4. Further Assurance: Include when additional documentation or actions may be needed post-assignment

5. Costs and Expenses: Include to specify responsibility for assignment-related costs

6. Partial Assignment: Include when only a portion of the debt is being assigned

7. Confidentiality: Include when assignment involves sensitive commercial information

1. Schedule 1 - Debt Details: Detailed description of the debt being assigned including principal amount, interest rate, payment terms

2. Schedule 2 - Original Debt Documentation: List and copies of original loan agreements and related documents

3. Schedule 3 - Payment Details: New payment instructions and bank account details for the Assignee

4. Schedule 4 - Security Details: Details of any security interests, guarantees or collateral associated with the debt

5. Schedule 5 - Outstanding Amount: Statement of the current outstanding amount including principal and interest

6. Appendix A - Form of Notice: Template for notice of assignment to be sent to the Debtor

7. Appendix B - Form of Acknowledgment: Template for Debtor's acknowledgment of the assignment