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Deed Of Charge And Assignment
"I need a Deed of Charge and Assignment under Pakistani law for a manufacturing company creating security over its machinery and receivables in favor of ABC Bank Limited, with the security to be Shariah-compliant and registered with SECP by March 2025."
1. Parties: Identification of the Chargor/Assignor and Chargee/Assignee with full legal names and addresses
2. Background: Recitals explaining the context of the security arrangement, underlying obligations, and purpose of the deed
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the deed and interpretation clauses
4. Creation of Charge: Express provisions creating the fixed and/or floating charge over the specified assets
5. Assignment: Provisions detailing the assignment of rights, receivables, or other assets
6. Secured Obligations: Definition and scope of the obligations being secured by the charge and assignment
7. Representations and Warranties: Chargor's confirmations regarding ownership, authority, and status of charged assets
8. Covenants: Positive and negative obligations of the Chargor regarding the charged assets
9. Further Assurance: Obligation to execute further documents and take additional steps to perfect the security
10. Enforcement: Rights and remedies of the Chargee upon default, including power of sale and appointment of receiver
11. Power of Attorney: Appointment of the Chargee as attorney to perfect or enforce the security interests
12. Notices: Process and requirements for serving notices under the deed
13. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction of Pakistani courts
1. Shariah Compliance: Required when the charge needs to comply with Islamic finance principles
2. Insurance: Required when charged assets must be insured and insurance proceeds assigned
3. Priority Arrangements: Required when there are multiple security interests and priority needs to be established
4. Currency Provisions: Required for international transactions involving foreign currency obligations
5. Tax Provisions: Required when specific tax implications need to be addressed
6. Release and Discharge: Optional provisions detailing conditions and process for releasing the charge
7. Assignment and Transfer: Required when the Chargee's rights may be assigned to third parties
1. Schedule 1 - Charged Assets: Detailed description and particulars of assets subject to the charge
2. Schedule 2 - Secured Obligations: Detailed description of the secured obligations, including facility agreements
3. Schedule 3 - Conditions Precedent: List of documents and conditions required before the charge becomes effective
4. Schedule 4 - Forms of Notices: Template notices for perfecting the assignment of rights/receivables
5. Schedule 5 - Property Documents: List of title documents relating to charged immovable property
6. Appendix A - Registration Requirements: Checklist of registration requirements with various authorities
7. Appendix B - Form of Transfer/Assignment: Standard form for transferring/assigning specific assets
Authors
Assets
Charged Assets
Charged Property
Collateral
Default
Delegate
Encumbrance
Event of Default
Excluded Assets
Facility Agreement
Finance Documents
Financial Indebtedness
Fixed Charge Assets
Floating Charge
Governmental Authority
Insurances
Legal Requirement
Lenders
Liability
Notice of Assignment
Permitted Encumbrances
Power of Attorney
Proceeds
Receiver
Related Rights
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Documents
Security Interest
Security Period
Security Trust Deed
Shariah Principles
Specified Assets
Transaction Documents
Trust Property
Underlying Documents
Assignment
Representations and Warranties
Covenants
Events of Default
Enforcement
Power of Attorney
Further Assurance
Notices and Communications
Set-off Rights
Currency Provisions
Registration Requirements
Costs and Expenses
Indemnification
Amendments and Waivers
Severability
Counterparts
Entire Agreement
Assignment and Transfer
Confidentiality
Force Majeure
Third Party Rights
Governing Law
Jurisdiction
Dispute Resolution
Shariah Compliance
Priority of Security
Insurance
Release and Discharge
Tax Provisions
Banking and Financial Services
Real Estate
Manufacturing
Energy and Utilities
Infrastructure
Telecommunications
Mining and Natural Resources
Agriculture
Healthcare
Technology
Transportation and Logistics
Construction
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit
Company Secretarial
Asset Management
Property Management
Security Administration
Project Finance
Chief Financial Officer
Legal Counsel
Finance Director
Company Secretary
Compliance Officer
Risk Manager
Treasury Manager
Corporate Lawyer
Security Trustee
Facility Agent
Credit Manager
Investment Officer
Corporate Banking Manager
Asset Manager
Property Manager
Project Finance Manager
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