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Deed Of Assignment Loan Agreement
"I need a Deed of Assignment Loan Agreement under Irish law for transferring a €5 million commercial property loan from Allied Irish Bank to Goldman Sachs, with completion scheduled for March 15, 2025, including provisions for existing security over the Dublin property to be transferred."
1. Parties: Identifies and defines all parties to the agreement - the Assignor, Assignee, and any other relevant parties
2. Background: Explains the context of the assignment and loan, including the original loan agreement details
3. Definitions and Interpretation: Defines key terms used throughout the document and interpretation rules
4. Assignment: Details the assignment of rights, obligations, and benefits under the loan agreement
5. Consideration: Specifies the consideration being paid for the assignment
6. Representations and Warranties: States the assurances given by the Assignor regarding the loan and their right to assign it
7. Covenants: Sets out ongoing obligations of the parties post-assignment
8. Completion: Specifies the completion mechanics and timing of the assignment
9. Further Assurance: Obligation to execute further documents if needed to perfect the assignment
10. Notices: Specifies how formal communications between parties should be made
11. Governing Law and Jurisdiction: Confirms Irish law as governing law and jurisdiction for disputes
1. Security: Include when there is specific security being assigned along with the loan
2. Regulatory Compliance: Include when either party is regulated by the Central Bank of Ireland
3. Tax Provisions: Include when there are specific tax implications that need to be addressed
4. Data Protection: Include when personal data will be transferred as part of the assignment
5. Costs and Expenses: Include when there are specific arrangements for bearing costs of the assignment
6. Severability: Include when there's a need to ensure partial invalidity doesn't affect entire agreement
7. Third Party Rights: Include when rights of third parties need to be addressed or excluded
1. Schedule 1 - The Loan Agreement: Copy or details of the original loan agreement being assigned
2. Schedule 2 - Loan Details: Specific details of the loan including amount, interest rate, payment terms
3. Schedule 3 - Security Details: Details of any security associated with the loan
4. Schedule 4 - Completion Requirements: List of documents and actions required for completion
5. Schedule 5 - Form of Notice: Template notice to be given to relevant parties regarding the assignment
6. Appendix A - Payment Details: Bank account and payment mechanism details
7. Appendix B - Power of Attorney: Form of power of attorney if required for the assignment
Authors
Banking
Financial Services
Investment Management
Real Estate
Corporate Finance
Asset Management
Debt Collection
Private Equity
Commercial Lending
Mortgage Industry
Legal
Finance
Credit Risk
Compliance
Treasury
Corporate Finance
Debt Recovery
Investment
Portfolio Management
Risk Management
Legal Counsel
Finance Director
Commercial Director
Credit Manager
Debt Recovery Manager
Investment Manager
Portfolio Manager
Compliance Officer
Risk Manager
Corporate Lawyer
Banking Lawyer
Transaction Manager
Fund Manager
Chief Financial Officer
Treasury Manager
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