Notice of assignment and form of acknowledgement: for a bilateral facility agreement (transfer of loan)
Notice of assignment and form of acknowledgement: for a bilateral facility agreement (transfer of loan)

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

  • Notice of assignment and form of acknowledgement: for a bilateral facility agreement (transfer of loan)
  • The AppendixForm of acknowledgement of notice of assignment

[To be printed on the headed paper of the LENDER (THE ASSIGNOR)]

[insert date]

To:

[insert full name and address of borrower]

Dear [insert name of borrower]

  1. 1

    We refer to the deed of assignment (the Assignment) dated [insert date] and granted by us as assignor (the Assignor) in favour of [insert name of assignee] (the Assignee).

  2. 2

  3. We also refer to the facility agreement dated [insert date] between you (as borrower) and us (as lender) as amended, novated, supplemented, restated or replaced from time to time in accordance with its terms (the Facility Agreement).

  4. 3

    We give you notice that pursuant to the terms of the Assignment, we have assigned to the Assignee absolutely all of our rights, title and interest from time to time in, and the full benefit of, the Facility Agreement and all rights, title and interest in any amounts payable to us under the Facility Agreement, including any claims for damages in respect of any breach of the Facility Agreement.

  5. 4

    With effect from the date of receipt of this notice: