Debt Assignment And Assumption Agreement Template for South Africa

1. Conditions Precedent: Used when the assignment is subject to fulfillment of certain conditions

2. Security and Collateral: Required when the original debt involves security interests or collateral

3. Consent of Debtor: Included when debtor's explicit consent to the assignment is required or obtained

4. Partial Assignment Provisions: Needed when only a portion of the debt is being assigned

5. Regulatory Compliance: Required when the assignment involves regulated financial institutions or consumer debt

6. Tax Provisions: Included when there are specific tax implications that need to be addressed

7. Further Assurance: Optional clause requiring parties to execute additional documents if needed

8. Costs and Expenses: Allocation of costs related to the assignment when relevant

1. Schedule 1 - Details of Original Debt: Contains full details of the debt being assigned including amount, interest rate, and payment terms

2. Schedule 2 - Security Documents: List and copies of any security documents related to the debt

3. Schedule 3 - Payment Details: Details of consideration payment and bank account information

4. Schedule 4 - Required Notices: Forms of notices required to be given to various parties

5. Appendix A - Original Debt Agreement: Copy of the original debt agreement being assigned

6. Appendix B - Consent Documents: Copies of any required consent documents from third parties

7. Appendix C - Related Agreements: Copies of any related agreements affected by the assignment