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Deed Of Assignment Of Loan
"I need a Deed of Assignment of Loan under German law for transferring a €5 million corporate loan from Deutsche Bank to Commerzbank, with the original borrower being a manufacturing company, including provisions for associated security interests and completion scheduled for March 15, 2025."
1. Parties: Identification of the Assignor (current loan holder), Assignee (new loan holder), and Original Borrower
2. Background: Details of the original loan agreement and the context for the assignment
3. Definitions: Definitions of key terms used throughout the deed, including 'Loan Agreement', 'Assigned Rights', and 'Effective Date'
4. Details of Original Loan: Summary of the essential terms of the original loan being assigned
5. Assignment: Core provision effecting the transfer of rights from Assignor to Assignee
6. Consideration: Details of the payment or other consideration for the assignment
7. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of the loan
8. Completion and Effective Date: Timing and conditions for the assignment to take effect
9. Further Assurance: Obligations to execute further documents or take additional steps if needed
10. Notices: Process for giving notices under the deed
11. Governing Law and Jurisdiction: Confirmation of German law governance and jurisdiction
1. Security Transfer: Required if there are security interests associated with the loan that need to be transferred
2. Regulatory Compliance: Required if either party is a regulated entity or if the loan is subject to specific regulatory requirements
3. Consumer Protection Provisions: Required if the original loan is a consumer loan
4. Data Protection: Required if personal data is being transferred as part of the assignment
5. Third Party Consents: Required if any third party consents are needed for the assignment
6. Tax Provisions: Required if there are specific tax implications that need to be addressed
7. Currency Provisions: Required if the loan and assignment involve different currencies
1. Schedule 1 - Original Loan Agreement: Copy or details of the original loan agreement being assigned
2. Schedule 2 - Loan Details: Detailed information about the loan including amount, interest rate, payment schedule, and current balance
3. Schedule 3 - Security Documents: List and copies of any security documents associated with the loan
4. Schedule 4 - Form of Notice to Borrower: Template of notice informing the borrower of the assignment
5. Schedule 5 - Completion Requirements: List of documents and actions required for completion
6. Appendix A - Power of Attorney: If required, form of power of attorney for executing additional documents
7. Appendix B - Payment Instructions: Details of bank accounts and payment procedures for the assigned loan
Authors
Banking & Financial Services
Investment Management
Real Estate
Commercial Lending
Private Equity
Asset Management
Corporate Finance
Debt Collection & Recovery
Insurance
Manufacturing
Construction
Healthcare
Legal
Finance
Compliance
Credit Risk
Portfolio Management
Treasury
Debt Recovery
Corporate Finance
Documentation
Loan Administration
Risk Management
Legal Counsel
Finance Director
Chief Financial Officer
Compliance Officer
Credit Manager
Portfolio Manager
Investment Manager
Risk Manager
Treasury Manager
Debt Recovery Specialist
Corporate Lawyer
Banking Lawyer
Transaction Manager
Documentation Specialist
loan Administrator
Financial Controller
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