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Master Assignment Agreement
"I need a Master Assignment Agreement under Irish law for a financial services company that will be regularly assigning loan portfolios to multiple purchasers throughout 2025, with specific provisions for GDPR compliance and regulatory reporting requirements."
1. Parties: Identification of the Assignor and Assignee, including full legal names and registered addresses
2. Background: Context of the agreement and intention to establish a framework for future assignments
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Assignment Framework: Core provisions establishing the framework for future assignments and the process for executing individual assignments
5. Consideration: Details of payment or other consideration for assignments
6. Representations and Warranties: Standard representations and warranties from both parties regarding capacity, authority, and validity
7. Assignor Obligations: Specific obligations of the Assignor including delivery of documents and cooperation
8. Assignee Obligations: Specific obligations of the Assignee including payment and compliance requirements
9. Completion Mechanics: Process and requirements for completing individual assignments under the master agreement
10. Notices: Requirements for serving notices under the agreement
11. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction for disputes
12. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Security Arrangements: Required when assignments need to be secured or when existing security needs to be preserved
2. Data Protection: Required when personal data will be transferred as part of the assignments
3. Regulatory Compliance: Required for regulated sectors or when specific regulatory approvals are needed
4. Tax Provisions: Required when specific tax treatments or obligations need to be addressed
5. Third Party Rights: Required when assignments may affect rights of third parties
6. Confidentiality: Required when sensitive information will be shared during the assignment process
7. Force Majeure: Optional clause addressing circumstances beyond parties' control
8. Step-In Rights: Required when certain parties need rights to step in and take over obligations
1. Form of Assignment Notice: Standard template for individual assignment notices under the master agreement
2. Form of Assignment Certificate: Template certificate confirming completion of individual assignments
3. Requirements for Valid Assignment: Checklist of requirements for valid assignments under the agreement
4. Contact Details: Detailed contact information for notices and communications
5. Existing Encumbrances: List of any existing encumbrances or restrictions on assignments
6. Required Consents: List of required third-party or regulatory consents
7. Assignment Procedures: Detailed procedures for executing and completing assignments
8. Pricing Schedule: If applicable, details of pricing or consideration for different types of assignments
Authors
Financial Services
Banking
Insurance
Asset Management
Real Estate
Infrastructure
Healthcare
Technology
Telecommunications
Energy
Legal
Compliance
Risk Management
Finance
Treasury
Operations
Business Development
Company Secretariat
Regulatory Affairs
Portfolio Management
Legal Counsel
Contract Manager
Chief Legal Officer
Compliance Officer
Risk Manager
Transaction Manager
Portfolio Manager
Chief Financial Officer
Treasury Manager
Operations Director
Business Development Manager
Company Secretary
Due Diligence Officer
Regulatory Affairs Manager
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