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Credit Transfer Agreement
"I need a Credit Transfer Agreement under Swiss law for transferring a CHF 5 million corporate loan from Swiss Bank AG to Global Finance Partners, with the transfer to be completed by March 15, 2025, including provisions for existing security over the borrower's real estate."
1. Parties: Identification of the transferor, transferee, and any other relevant parties (such as the original debtor)
2. Background: Context of the credit transfer, including details of the original credit agreement and reason for transfer
3. Definitions: Definitions of key terms used throughout the agreement
4. Transfer: Core provisions detailing the transfer of rights, obligations, and any limitations
5. Purchase Price: Details of the consideration paid for the transfer, payment mechanics and timing
6. Conditions Precedent: Conditions that must be satisfied before the transfer becomes effective
7. Representations and Warranties: Statements of fact and assurances given by the parties
8. Transferor's Obligations: Ongoing obligations of the transferor, including delivery of documents and cooperation
9. Transferee's Obligations: Obligations of the transferee, including payment and assumption of responsibilities
10. Notices: Process and requirements for formal communications between parties
11. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Security Arrangements: Include when the credit transfer involves any form of security or collateral
2. Currency Provisions: Required when the transfer involves multiple currencies or currency conversion
3. Tax Provisions: Detailed tax implications and responsibilities when significant tax considerations exist
4. Regulatory Compliance: Specific provisions when the transfer falls under particular regulatory requirements
5. Step-In Rights: Include when the transferee needs rights to take over direct relationships with third parties
6. Confidentiality: Detailed confidentiality provisions when sensitive information is involved
7. Data Protection: Required when personal data is being transferred or processed
8. Further Assurance: Include when additional actions may be needed post-completion
1. Schedule 1 - Details of the Credit: Detailed description of the credit being transferred, including payment terms, interest rates, and outstanding amounts
2. Schedule 2 - Form of Transfer Notice: Template for the formal notice of transfer to be sent to relevant parties
3. Schedule 3 - Conditions Precedent Documents: List of all documents required to satisfy conditions precedent
4. Schedule 4 - Security Details: Details of any security or collateral associated with the credit
5. Schedule 5 - Existing Credit Agreement: Copy or key terms of the original credit agreement being transferred
6. Appendix A - Payment Instructions: Bank account and payment details for the transfer consideration
7. Appendix B - Contact Details: Contact information for all relevant parties and authorized representatives
Authors
Banking
Financial Services
Insurance
Investment Management
Private Equity
Corporate Finance
Real Estate
Asset Management
Commercial Lending
Debt Collection
Legal
Finance
Treasury
Risk Management
Compliance
Credit Control
Portfolio Management
Corporate Finance
Debt Recovery
Transaction Management
Chief Financial Officer
Treasury Manager
Credit Risk Manager
Legal Counsel
Compliance Officer
Portfolio Manager
Investment Director
Banking Relationship Manager
Finance Director
Credit Controller
Debt Recovery Specialist
Transaction Manager
Risk Assessment Officer
Senior Finance Manager
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