¶¶Òõ¶ÌÊÓƵ

The Deed of Assignment Loan Agreement is a specialized financial instrument used in Hong Kong when a lender requires specific assets or rights to be assigned as security for a loan. This document type is commonly employed in commercial lending scenarios where traditional collateral may not be available or where receivables, contract rights, or other intangible assets form the security package. The document must comply with Hong Kong's formal requirements for deeds, the Money Lenders Ordinance, and relevant security registration requirements. It includes detailed provisions for both the lending arrangement and the security assignment, making it particularly useful in structured finance transactions, trade finance, and general commercial lending where assignment-based security is preferred.

1. Parties: Identifies and defines all parties to the agreement: Lender, Borrower, and any relevant third parties

2. Background: Sets out the context of the loan and assignment, including the purpose and any relevant pre-existing arrangements

3. Definitions and Interpretation: Defines key terms used throughout the document and establishes interpretation rules

4. Loan Amount and Purpose: Specifies the principal amount, purpose of the loan, and any conditions precedent

5. Interest and Repayment: Details the interest rate, calculation method, repayment schedule, and payment mechanics

6. Assignment: Describes the assets or rights being assigned as security, mechanism of assignment, and perfection requirements

7. Representations and Warranties: Sets out the statements of fact and promises made by each party

8. Covenants: Details ongoing obligations of the parties, including positive and negative covenants

9. Events of Default: Lists circumstances that constitute default and consequences thereof

10. Enforcement and Remedies: Specifies the rights and remedies available upon default or breach

11. Costs and Expenses: Allocates responsibility for legal fees, stamp duty, and other costs

12. Notices: Specifies how formal communications between parties should be made

13. General Provisions: Contains boilerplate clauses including governing law, jurisdiction, and entire agreement provisions

14. Execution: Formal execution blocks meeting deed requirements under Hong Kong law