Absolute Assignment and Transfer of Loans

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Do you require an agreement document to officially record the transfer of your business's outstanding principle amount to another bank for a better rate of interest? Download this template and change it to suit your needs. You will find other useful templates here https://www.templateguru.co.za/templates/finance-accounting/

Excerpt:

ABSOLUTE ASSIGNMENT AND TRANSFER OF LOANS In consideration of the acquisition by the Assignor of the Optioned Interests under the terms of the Option Agreement the Assignor does effective as of and from [the Effective Exercise Date] OR [the Default Exercise Date] OR [the Effective Call Date] OR [the Default Call Date] absolutely transfer assign and make over unto the Limited Partnership hereto present and accepting the same all of the Assignors right title and interest in the Loans accruing or growing due and outstanding as at [the Effective Exercise Date] OR [the Default Exercise Date] OR [the Effective Call Date] OR [the Default Call Date] to the Assignor pursuant to the Credit Agreement and the Assignor effective as of and from [the Effective Exercise Date] OR [the Default Exercise Date] OR [the Effective Call Date] OR [the Default Call Date] further assigns and transfers unto the Limited Partnership all deeds documents writings papers books of account and other books relating to or being records of the Loans or by which the Loans are or may hereafter be secured evidenced acknowledged or made payable (the whole hereinafter referred to as the Documents).

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