Syndicated assignment of contractual rights: assignor-specific monies for use with a syndicated facilities agreement
Syndicated assignment of contractual rights: assignor-specific monies for use with a syndicated facilities agreement

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

  • Syndicated assignment of contractual rights: assignor-specific monies for use with a syndicated facilities agreement
  • Recitals:
  • 1 Definitions and interpretation
  • 2 Covenant to pay
  • 3 Security Agent
  • 4 Assignments by way of security
  • 5 Representations and warranties
  • 6 Undertakings
  • 7 Perfection of security
  • 8 Further assurance
  • 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 SECURITY AGENT] as security agent and trustee for the Finance Parties on the terms and conditions set out in the [[Facilities Agreement] OR [Intercreditor Agreement] OR [Security Trust Deed]] (the Security Agent).

Recitals:

    1. (A)

      The Finance Parties have agreed to make available the loan facilities on the terms and conditions set out in the Facilities Agreement (defined below).

    1. (B)

      It is a condition precedent to the availability of the loan facilities that the Assignor enters into this Deed for the purpose of providing security in favour of the Security Agent 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:

        Additional Assignor

        1. means a member of the Group who becomes an Assignor in accordance with Clause 25 (Accession of an Additional Assignor);

        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;

        [Deed of Accession

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