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Loan Assignment Agreement
"I need a Loan Assignment Agreement under Irish law for transferring a €5 million commercial property loan from ABC Bank to XYZ Investment Fund, with completion scheduled for March 15, 2025, including provisions for existing security over the Dublin property."
1. Parties: Identifies and defines the Assignor, Assignee, and Original Borrower (and any other relevant parties)
2. Background: Recitals explaining the original loan agreement, the intention to assign, and any relevant context
3. Definitions and Interpretation: Defines key terms and establishes interpretation rules for the agreement
4. Assignment: Core provision detailing the assignment of rights, obligations, and benefits under the loan agreement
5. Consideration: States the consideration being paid for the assignment
6. Completion: Details the completion mechanics and timing of the assignment
7. Representations and Warranties: Statements of fact and assurances from both Assignor and Assignee
8. Covenants: Ongoing obligations of the parties post-assignment
9. Further Assurance: Obligation to execute further documents and take additional steps if needed
10. Notices: Procedures for giving formal notices under the agreement
11. Governing Law and Jurisdiction: Specifies Irish law as governing law and Irish courts' jurisdiction
1. Security Assignment: Required if any security interests are being transferred along with the loan
2. Regulatory Compliance: Required if the assignment involves regulated financial services or consumer loans
3. Data Protection: Required if personal data is involved in the assignment
4. Tax Provisions: Include if specific tax arrangements or implications need to be addressed
5. Borrower Consent: Include if borrower's consent is required or has been obtained
6. Registration Requirements: Include if assignment requires registration with any authorities
7. Costs and Expenses: Optional section detailing who bears various costs of the assignment
8. Confidentiality: Include if specific confidentiality obligations need to be addressed
1. Original Loan Agreement: Copy or details of the loan agreement being assigned
2. Assigned Rights: Detailed list of all rights, interests and benefits being assigned
3. Form of Notice to Borrower: Template notice informing the borrower of the assignment
4. Completion Requirements: Checklist of documents and actions required for completion
5. Security Documents: List and/or copies of any security documents relating to the loan
6. Outstanding Amounts: Details of outstanding principal, interest and other amounts under the loan
7. Required Consents: Copies of any required consents or authorizations
8. Transfer Documents: Forms of any additional transfer documents required to effect the assignment
Authors
Banking
Financial Services
Real Estate
Corporate Lending
Asset Management
Private Equity
Infrastructure
Commercial Property
Investment Management
Insurance
Legal
Finance
Compliance
Risk Management
Corporate Banking
Credit
Treasury
Investment
Portfolio Management
Transaction Management
Debt Recovery
Corporate Finance
Legal Counsel
Finance Director
Commercial Director
Compliance Officer
Risk Manager
Portfolio Manager
Credit Manager
Transaction Manager
Corporate Lawyer
Financial Controller
Investment Manager
Treasury Manager
Debt Recovery Manager
Banking Relationship Manager
Corporate Finance Manager
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