Debt Assumption Agreement Template for Malaysia

1. Security Arrangements: Required if the original debt is secured and new security arrangements need to be established

2. Conditions Precedent: Include if the assumption is subject to specific conditions being met

3. Corporate Authorizations: Required if any party is a corporate entity needing specific approvals

4. Tax Provisions: Include if there are specific tax implications that need to be addressed

5. Step-in Rights: Required if the creditor needs specific rights to enforce against either debtor

6. Transitional Provisions: Include if there's a phased transition of the debt obligations

1. Schedule 1 - Details of Existing Debt: Comprehensive details of the debt being assumed including amount, interest rate, payment terms

2. Schedule 2 - Security Details: If applicable, details of any security arrangements associated with the debt

3. Schedule 3 - Payment Schedule: Detailed schedule of payments to be made by the new debtor

4. Schedule 4 - Corporate Authorizations: Copies of relevant corporate approvals and resolutions

5. Schedule 5 - Original Debt Documentation: Copies or details of the original debt agreements being assumed