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Deed Of Assignment Loan Agreement Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Deed of Assignment Loan Agreement is a crucial document used in Irish financial and corporate transactions when transferring loan rights and obligations from one party to another. This document type is commonly used in loan portfolio sales, debt restructuring, or when financial institutions wish to transfer their loan assets. It must comply with Irish legal requirements, particularly those relating to the execution of deeds and financial services regulations. The document includes detailed information about the original loan, the parties involved, the consideration for the assignment, and any associated security arrangements. It's particularly important in ensuring the valid transfer of security interests and maintaining the enforceability of the loan agreement against the borrower. The deed must meet specific execution requirements under Irish law to be valid and enforceable.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































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Relevant Industries

Banking

Financial Services

Investment Management

Real Estate

Corporate Finance

Asset Management

Debt Collection

Private Equity

Commercial Lending

Mortgage Industry

Relevant Teams

Legal

Finance

Credit Risk

Compliance

Treasury

Corporate Finance

Debt Recovery

Investment

Portfolio Management

Risk Management

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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