Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Assignment Of Debt Agreement
I need an Assignment of Debt Agreement under Danish law for transferring a corporate loan of 2.5 million DKK from ABC Bank A/S to XYZ Investment Fund, with the assignment to take effect from March 1, 2025.
1. Parties: Identifies and provides full details of the Assignor (current creditor) and Assignee (new creditor)
2. Background: Explains the context of the original debt, the parties' intentions regarding the assignment, and any relevant history of the debt
3. Definitions: Defines key terms used throughout the agreement, including 'Debt', 'Assignment Date', 'Original Credit Agreement', etc.
4. Assignment: Core section detailing the transfer of rights from Assignor to Assignee, including the effective date and scope of the assignment
5. Consideration: Specifies the purchase price or other consideration for the assignment and payment terms
6. Assignor's Representations and Warranties: Warranties regarding the existence, validity, and enforceability of the debt, and Assignor's right to assign
7. Notification and Consent: Provisions regarding notification to the debtor and any requirements for debtor consent
8. Transfer of Documents: Details the handover of relevant documentation related to the debt
9. Further Assurance: Obligations to execute additional documents or take further actions necessary to effect the assignment
10. Governing Law and Jurisdiction: Specifies Danish law as governing law and sets out jurisdiction for disputes
1. Security Interests: Required when the debt is secured by collateral or guarantees, detailing the transfer of associated security rights
2. Regulatory Compliance: Needed when either party is a regulated entity or the assignment requires regulatory approvals
3. Data Protection: Required when personal data is involved, especially for consumer debts, ensuring GDPR compliance
4. Anti-Money Laundering: Included when required by applicable AML regulations or institutional policies
5. Collection Procedures: Optional section detailing agreed debt collection procedures post-assignment
6. Indemnification: Optional provisions for specific indemnities beyond standard representations and warranties
7. Confidentiality: Required when parties need to maintain confidentiality about the assignment or underlying debt details
8. Sub-participation Rights: Optional section allowing the Assignee to grant sub-participations in the assigned debt
1. Schedule 1 - Debt Details: Detailed description of the debt being assigned, including principal amount, interest, maturity date, and payment history
2. Schedule 2 - Original Credit Agreement: Copy or details of the original credit agreement giving rise to the debt
3. Schedule 3 - Security Documents: Copies or details of any security documents associated with the debt
4. Schedule 4 - Notice of Assignment: Form of notice to be sent to the debtor informing them of the assignment
5. Schedule 5 - Transfer Documents: List and copies of all documents being transferred from Assignor to Assignee
6. Schedule 6 - Payment Details: Bank account and payment instructions for the assignment consideration
7. Appendix A - Power of Attorney: If required, form of power of attorney for Assignee to act in Assignor's name
8. Appendix B - Compliance Certificates: Any required regulatory or compliance certificates
Authors
Banking and Financial Services
Investment Management
Debt Collection and Recovery
Asset Management
Commercial Real Estate
Insurance
Private Equity
Corporate Finance
Professional Services
Manufacturing
Retail
Healthcare
Construction
Energy
Legal
Finance
Treasury
Credit Management
Risk Management
Compliance
Debt Collection
Corporate Finance
Investment
Operations
Portfolio Management
Business Development
Transaction Management
Chief Financial Officer
Finance Director
Treasury Manager
Credit Manager
Debt Collection Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Risk Manager
Portfolio Manager
Investment Manager
Financial Controller
Accounts Receivable Manager
Business Development Manager
Transaction Manager
Asset Manager
Find the exact document you need
Assignment Of Contract
A Danish law-governed document that transfers contractual rights and obligations from one party to another, ensuring compliance with Danish legal requirements and maintaining the original contractual relationship.
Assignment Of Security Agreement
A Danish law agreement transferring security interests from an Assignor to an Assignee, including all associated rights and obligations under the original security arrangement.
Assignment Of Lease Form
A Danish law-governed document that formally transfers lease rights and obligations from an existing tenant to a new tenant, with landlord approval.
Assignment Of Debt Agreement
A Danish law-governed agreement facilitating the transfer of debt rights and obligations from an Assignor to an Assignee, including all associated terms and legal requirements.
Assignment Of Receivables Agreement
A Danish law-governed agreement for transferring receivables from an assignor to an assignee, including terms of transfer and compliance with Danish legal requirements.
Assignment Of Rights Agreement
A Danish law-governed agreement for the transfer of rights from an Assignor to an Assignee, including all necessary legal provisions and compliance requirements.
Download our whitepaper on the future of AI in Legal
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.