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Loan Purchase Agreement
1. Parties: Identification of the seller and purchaser of the loans
2. Background: Context of the transaction and brief description of the loan portfolio being transferred
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and interpretation rules
4. Sale and Purchase: Core transaction terms including purchase price, payment mechanisms, and completion requirements
5. Conditions Precedent: Conditions that must be satisfied before the transfer becomes effective
6. Completion: Mechanics and timing of the transfer, including actions required at completion
7. Purchase Price and Payment: Detailed provisions regarding the calculation and payment of the purchase price
8. Representations and Warranties: Statements of fact and assurances from both parties, particularly regarding the loan portfolio
9. Seller's Undertakings: Ongoing obligations of the seller regarding the loans and transfer process
10. Purchaser's Undertakings: Ongoing obligations of the purchaser regarding the loans and transfer process
11. Further Assurance: Obligations to take additional actions necessary to effect the transfer
12. Data Protection: Compliance with GDPR and Danish data protection requirements
13. Confidentiality: Provisions regarding confidential information and its protection
14. Notices: Process for formal communications between parties
15. Assignment: Restrictions on transfer of rights under the agreement
16. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
1. Security Interest Transfer: Required when the loans being purchased are secured loans, detailing the transfer of associated security interests
2. Servicing Arrangements: Needed when the seller will continue to service the loans post-transfer
3. True Sale Provisions: Required for transactions where ensuring true sale treatment is critical
4. Consumer Protection: Required when the loan portfolio includes consumer loans
5. Anti-Money Laundering: Detailed AML provisions required for high-risk transactions or when specifically required by regulators
6. Tax Provisions: Detailed tax provisions required when there are specific tax implications to be addressed
7. Regulatory Compliance: Additional regulatory provisions required for regulated entities or specific loan types
1. Schedule 1 - The Loan Portfolio: Detailed list and characteristics of loans being purchased
2. Schedule 2 - Loan Documents: List of all documentation relating to each loan being transferred
3. Schedule 3 - Form of Transfer Notice: Template for formal notice of transfer to be used for each loan
4. Schedule 4 - Completion Requirements: Detailed checklist of all documents and actions required at completion
5. Schedule 5 - Seller's Power of Attorney: Form of power of attorney for seller to execute necessary transfer documents
6. Schedule 6 - Purchase Price Calculation: Detailed methodology for calculating the purchase price
7. Schedule 7 - Warranties: Detailed warranties regarding the loan portfolio and related security
8. Appendix A - Data Processing Agreement: Required GDPR compliant data processing agreement
9. Appendix B - Security Transfer Forms: Templates for transfer of security interests
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