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Deed Of Assignment By Way Of Security
"I need a Deed of Assignment by Way of Security for our company to assign our accounts receivable (valued at approximately NZD 500,000) to ABC Bank Limited as security for a new working capital facility, with the assignment to take effect from March 1, 2025."
1. Parties: Identification of the Assignor and Assignee with full legal names and details
2. Background: Context of the security arrangement and relationship between parties
3. Definitions and Interpretation: Defined terms and interpretation rules for the deed
4. Assignment: Core provisions detailing the assignment of property/rights as security
5. Security Interest: Creation and nature of the security interest, including PPSA provisions
6. Assignor's Covenants: Obligations and warranties of the Assignor regarding the secured property
7. Representations and Warranties: General representations and warranties from both parties
8. Protection of Security: Provisions for maintaining the security's value and effectiveness
9. Enforcement: Rights and powers of the Assignee upon default
10. Power of Attorney: Appointment of Assignee as attorney for security purposes
11. Releases and Discharges: Conditions and process for releasing the security
12. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
13. Execution: Formal execution block meeting NZ deed requirements
1. Further Assurance: Additional provisions requiring parties to execute further documents - include for complex assignments
2. GST Provisions: Include when the assigned property/rights involve goods or services subject to GST
3. Receiver Provisions: Include when receiver appointment rights are required, typically for commercial arrangements
4. Priority Arrangements: Include when there are multiple security interests requiring priority rules
5. Confidentiality: Include when sensitive commercial information is involved
6. Assignment and Transfer: Include when rights to assign the security interest need to be addressed
1. Schedule 1 - Secured Property: Detailed description of the property/rights being assigned as security
2. Schedule 2 - Secured Obligations: Description of the obligations being secured
3. Schedule 3 - Specific Terms and Conditions: Any specific terms relating to the particular security arrangement
4. Schedule 4 - Form of Notice: Template notices for relevant third parties about the assignment
5. Schedule 5 - Properties Schedule: Details of any real property involved (if applicable)
6. Appendix A - PPSA Financing Statement: Copy of or details for PPSA registration
Authors
Assignment
Assignor
Assignee
Business Day
Collateral
Deed
Default
Default Rate
Effective Date
Encumbrance
Event of Default
Financing Statement
Future Property
GST
Guarantor
Insolvency Event
Law
Liability
Notice
Obligations
Permitted Security Interest
PPSA
Proceeds
Receiver
Related Documents
Release Date
Secured Money
Secured Obligations
Secured Property
Security Interest
Security Period
Subsidiary
Tax
Term
Termination Date
Transaction Documents
Trust
Verification Statement
Working Day
Security Interest Creation
Representations and Warranties
Covenants
Protection of Security
Registration and Perfection
Events of Default
Enforcement
Power of Attorney
Further Assurance
Costs and Expenses
Tax and GST
Confidentiality
Notices
Assignment and Transfer
Set-off
Release and Discharge
Priority
Receiver Appointment
Indemnity
General Provisions
Governing Law
Dispute Resolution
Severability
Amendment
Entire Agreement
Execution
Banking & Financial Services
Commercial Real Estate
Manufacturing
Retail
Agriculture
Professional Services
Technology
Construction
Infrastructure
Transport & Logistics
Legal
Finance
Treasury
Risk Management
Compliance
Commercial
Credit Management
Corporate Secretariat
Banking Operations
Security Administration
Legal Counsel
Corporate Lawyer
Finance Manager
Chief Financial Officer
Commercial Director
Security Trustee
Credit Manager
Risk Manager
Compliance Officer
Company Secretary
Banking Relationship Manager
Treasury Manager
Contract Administrator
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