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Assignment Of Revenue Agreement
"I need an Assignment of Revenue Agreement for a UAE-based solar power project where our company will assign future revenue streams from a government power purchase agreement to a local bank as security for a financing facility, with the assignment to commence from March 2025."
1. Parties: Identification of Assignor and Assignee with full legal names and addresses
2. Background: Context of the assignment, description of the revenue streams, and purpose of the assignment
3. Definitions and Interpretation: Key terms used in the agreement, including specific revenue-related definitions
4. Assignment: Core provisions detailing the assignment of revenue, including scope and effective date
5. Consideration: Details of any payment or consideration for the assignment
6. Payment Mechanics: Procedures for collection and transfer of assigned revenues
7. Representations and Warranties: Statements by the Assignor regarding ownership, authority, and status of revenue streams
8. Covenants: Ongoing obligations of the Assignor regarding the revenue streams
9. Events of Default: Circumstances constituting default and consequences
10. Notices: Communication procedures between parties
11. Governing Law and Jurisdiction: Specification of UAE law and jurisdiction
12. General Provisions: Standard boilerplate clauses including amendments, waivers, and severability
1. Security Provisions: Required if the assignment is being used as security for other obligations
2. Third Party Consents: Include if revenue streams involve third party payors who need to consent
3. Step-In Rights: Include if Assignee needs right to directly collect revenues in certain circumstances
4. Tax Provisions: Required if there are specific tax implications that need to be addressed
5. Islamic Finance Provisions: Required if the assignment needs specific Sharia-compliant structures
6. Currency Provisions: Include if revenues are in multiple currencies or currency conversion is needed
7. Registration Requirements: Include if assignment needs to be registered with any authorities
1. Schedule 1 - Revenue Streams: Detailed description of all revenue streams being assigned
2. Schedule 2 - Payment Instructions: Bank account details and payment procedures
3. Schedule 3 - Form of Notice to Third Party Payors: Template for notifying revenue sources of the assignment
4. Schedule 4 - Conditions Precedent: List of documents and conditions required before assignment becomes effective
5. Schedule 5 - Calculation of Assigned Revenues: Methodology for calculating and determining assigned revenues
6. Appendix A - Required Consents: List of required third party and regulatory consents
7. Appendix B - Existing Charges: Details of any existing charges or encumbrances on the revenue streams
Authors
Banking & Financial Services
Infrastructure & Construction
Real Estate
Energy & Resources
Healthcare
Telecommunications
Hospitality & Tourism
Manufacturing
Retail & Consumer
Transportation & Logistics
Legal
Finance
Treasury
Commercial
Risk Management
Compliance
Corporate Development
Credit
Operations
Business Development
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Commercial Director
Contract Manager
Risk Manager
Corporate Finance Manager
Business Development Director
Compliance Officer
Project Finance Manager
Investment Manager
Transaction Manager
Credit Manager
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