Assignment of contractual rights: single company assignor—bilateral—specific monies
Assignment of contractual rights: single company assignor—bilateral—specific monies

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Assignment of contractual rights: single company assignor—bilateral—specific monies
  • Recitals:
  • 1 Definitions and interpretation
  • 2 Covenant to pay
  • 3 Assignments by way of security
  • 4 Representations and warranties
  • 5 Undertakings
  • 6 Perfection of security
  • 7 Further assurance
  • 8 Enforcement
  • More...

This Deed is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of Assignor], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Assignor); and

  1. 2

    [insert name of Lender] of [insert address] (the Lender).

Recitals:

    1. (A)

      The Lender has agreed to make available a loan facility to the Assignor on the terms and conditions set out in the Facility Agreement (as defined below).

    1. (B)

      It is a condition precedent to the availability of the loan facility that the Assignor enter into this Deed for the purpose of providing security in favour of the Lender in respect of the Secured Obligations (as defined below).

IT IS AGREED as follows:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Deed, unless otherwise provided:

        Assigned Contracts

        1. means the contracts specified in Schedule 1 (Assigned Contracts);

        Assigned Rights

        1. means all of the present and future rights, title and interest which from time to time are the subject of any Security Interest created, or purported to be created, by or pursuant to this Deed;

        Facility Agreement

        1. means the facility agreement entered into on [the date of this Deed OR [insert date]] between the Assignor as borrower and the Lender as lender;

        LPA 1925

        1. means the Law of Property Act 1925;

        Party

        1. means a party to this Deed;

        Receiver

        1. means any receiver appointed under this Deed or pursuant

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