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Deed Of Assignment Loan Agreement
"I need a Deed of Assignment Loan Agreement under Singapore law to transfer a secured corporate loan worth SGD 5 million from our investment fund to a third-party purchaser, with completion scheduled for March 15, 2025."
1. Parties: Details of the assignor and assignee, including full legal names, registration numbers (if companies), and addresses
2. Background: Context of the original loan agreement and reason for assignment, including date and parties of original loan
3. Definitions: Key terms used tHRoughout the agreement including 'Assigned Rights', 'Effective Date', 'Loan Agreement', etc.
4. Assignment: Core terms of the assignment of the loan, including scope of rights being assigned and effective date
5. Consideration: Details of the payment or consideration for the assignment, including amount and payment terms
6. Representations and Warranties: Statements of fact and assurances by the assignor regarding the loan, their authority to assign, and status of the debt
7. Execution: Formal execution requirements for the deed, including signature blocks and witness requirements
1. Security: Details of any security arrangements, used when the loan is secured by collateral or guarantees
2. Conditions Precedent: Conditions that must be met before assignment becomes effective, such as regulatory approvals or consents
3. Tax Provisions: Provisions dealing with stamp duty, withholding tax, and other tax implications of the assignment
4. Further Assurance: Obligations to execute further documents or take additional steps to perfect the assignment
1. Schedule 1 - Original Loan Agreement: Copy of the loan agreement being assigned
2. Schedule 2 - Notice of Assignment: Form of notice to be given to the original borrower informing them of the assignment
3. Schedule 3 - Payment Schedule: Details of any remaining payment obligations under the loan
4. Schedule 4 - Security Documents: Copies of any security documents relating to the loan (if applicable)
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