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Assignment Of Revenue Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Assignment of Revenue Agreement is a crucial financial instrument used in the United Arab Emirates when a party needs to transfer its rights to receive future revenue streams, whether for financing purposes, security arrangements, or business restructuring. This document type is commonly used in project finance, securitization transactions, and as security for financing arrangements. The agreement must comply with UAE Civil Code (Federal Law No. 5 of 1985) requirements for valid assignments and, where applicable, Sharia principles. It typically includes detailed provisions on the scope of assigned revenues, payment mechanics, representations about the revenue streams, and enforcement mechanisms. The document becomes particularly important in structured finance transactions and can be used across various sectors where predictable revenue streams exist.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















































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Relevant Industries

Banking & Financial Services

Infrastructure & Construction

Real Estate

Energy & Resources

Healthcare

Telecommunications

Hospitality & Tourism

Manufacturing

Retail & Consumer

Transportation & Logistics

Relevant Teams

Legal

Finance

Treasury

Commercial

Risk Management

Compliance

Corporate Development

Credit

Operations

Business Development

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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