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1. Release of Original Borrower: Optional section releasing the original borrower from loan obligations - used when there is a complete novation rather than just an assumption

2. Consent of Guarantors: Required if the original loan has guarantors who need to consent to the assumption

3. Transfer of Collateral: Used when existing collateral needs to be transferred or new collateral arrangements made

4. Tax Provisions: Specific tax-related provisions if the assumption has significant tax implications

5. Insurance Requirements: Detailed insurance obligations if specific insurance coverage is required for the assumed loan

6. Joint and Several Liability: Used when the original borrower will remain liable alongside the assuming borrower

7. Notice Requirements: Detailed notice provisions if complex ongoing reporting is required

1. Original Loan Agreement: Copy or summary of the original loan agreement being assumed

2. Payment Schedule: Updated amortization or payment schedule reflecting the assumption

3. Security Documents: List and copies of security documents being transferred or created

4. Conditions Precedent Checklist: List of all documents and conditions required before assumption becomes effective

5. Required Consents: Copies of all third-party consents obtained for the assumption

6. Property Details: If the loan is secured by real property, details and documentation of the property

7. Financial Statements: Recent financial statements of the assuming borrower