Deed of assignment: for an unsecured bilateral facility agreement
Deed of assignment: for an unsecured bilateral facility agreement

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

  • Deed of assignment: for an unsecured bilateral facility agreement
  • Background
  • 1 Definitions and interpretation
  • 2 Assignment
  • 3 The Assignor and the Assignee
  • 4 Notice of assignment
  • 5 Further assurance
  • 6 Expenses
  • 7 Notices
  • 8 Partial invalidity
  • 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 Assignee], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Assignee).

Background

    1. (A)

      The Assignor made available a loan facility to the Borrower (as defined below) on the terms and conditions set out in the Facility Agreement (as defined below).

    1. (B)

      The Assignee has agreed to purchase from the Assignor all of the Assignor's rights, title, benefit and interest in and under the Facility Agreement in accordance with the terms of this Deed.

    1. (C)

      [[insert further details if required]]

It is agreed as follows:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Deed, unless otherwise provided:

        Assigned Assets

        1. means all the rights, title, benefit and interest of the Assignor in and under the Facility Agreement, including all the Assignor’s rights, title, benefit and interest in and to the Assigned Loan;

        Assigned Loan

        1. means £[insert amount] (being the aggregate principal amount of the loans together with any interest thereon made by the Assignor to the Borrower under the Facility Agreement as set out in Schedule 1 (Loan Details) to this Deed);

        Assignment Date

        1. means [insert day and month]

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