Assumption Agreement Template for Pakistan

1. Security Arrangements: Include when new security or guarantees are required from the assuming party

2. Regulatory Compliance: Add when the assumption requires specific regulatory approvals or compliance measures

3. Tax Provisions: Include when there are specific tax implications that need to be addressed

4. Shariah Compliance: Add when the agreement needs to comply with Islamic finance principles

5. Step-In Rights: Include when parties need rights to step in and take over obligations in certain circumstances

6. Transitional Provisions: Add when there needs to be a transition period for the assumption of obligations

7. Third Party Rights: Include when there are affected third parties whose rights need to be addressed

1. Schedule 1 - Original Agreement: Copy or summary of the original agreement being assumed

2. Schedule 2 - Assumed Obligations: Detailed list of specific obligations being assumed

3. Schedule 3 - Conditions Precedent: List of conditions that must be satisfied before the assumption becomes effective

4. Schedule 4 - Form of Notices: Template notices to third parties regarding the assumption

5. Appendix A - Required Consents: List of required third-party or regulatory consents

6. Appendix B - Security Documents: Forms of any new security documents required