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Deed Of Assignment Of Loan
"I need a Deed of Assignment of Loan under Indonesian law to transfer a secured corporate loan worth IDR 5 billion from PT Bank Sejahtera to PT Finance Corporation, with the assignment to be completed by March 2025 and the original loan being secured against commercial property in Jakarta."
1. Parties: Identification of the Assignor (current loan holder) and Assignee (new loan holder)
2. Background: Context of the original loan agreement and the reason for assignment
3. Definitions: Definitions of key terms used throughout the deed
4. Details of Original Loan: Specific details of the loan being assigned including date, parties, amount, and current outstanding balance
5. Assignment: Core provisions effectuating 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: Actions to be taken on completion of the assignment, including payment mechanics
9. Notice to Debtor: Provisions regarding notification of the assignment to the original debtor
10. Further Assurance: Obligations to execute further documents and take additional steps if needed
11. Governing Law: Specification of Indonesian law as governing law and jurisdiction
12. Execution: Formal execution block meeting Indonesian requirements
1. Security Assignment: Required if there is any security or collateral associated with the loan being transferred
2. Costs and Expenses: Include when there are significant costs associated with the assignment that need to be allocated
3. Tax Provisions: Include when there are specific tax implications that need to be addressed
4. Partial Assignment: Required if only a portion of the loan is being assigned
5. Regulatory Compliance: Include when the assignment requires specific regulatory approvals or compliance
6. Power of Attorney: Include when specific actions need to be taken by the Assignee on behalf of the Assignor
1. Schedule 1 - Original Loan Agreement: Copy or details of the original loan agreement being assigned
2. Schedule 2 - Loan Details: Detailed breakdown of the loan amount, interest, payment history, and current balance
3. Schedule 3 - Form of Notice to Debtor: Template of the notice to be sent to the original debtor
4. Schedule 4 - Security Documents: Copies of any security documents associated with the loan
5. Schedule 5 - Completion Requirements: Checklist of documents and actions required for completion
6. Appendix A - Power of Attorney: Standard form of power of attorney if required
Authors
Banking & Financial Services
Real Estate
Infrastructure
Manufacturing
Mining
Agriculture
Construction
Retail
Energy
Telecommunications
Healthcare
Education
Transportation & Logistics
Legal
Finance
Treasury
Credit Risk
Compliance
Corporate Secretariat
Portfolio Management
Debt Recovery
Investment
Banking Relations
Transaction Management
Legal Counsel
Finance Director
Chief Financial Officer
Treasury Manager
Credit Manager
Risk Manager
Compliance Officer
Corporate Secretary
Portfolio Manager
Debt Recovery Officer
Investment Manager
Banking Relationship Manager
Transaction Manager
Legal Director
Managing Director
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