Assignment Agreement Template - Sample Page 12
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21Transfer Notice shall cease to have any effect, other than this paragraph 4 and
5
paragraphs 11, 12, 13, 17 and 18 which shall remain in full force and effect
.]
5
The Assignor and Assignee acknowledge and agree that:
(a)
[as at the date of this Transfer Notice, the Special Administrators have not
agreed or accepted the validity, value or classification of the Assignor’s
Claim for distribution purposes in whole or in part and we acknowledge
that the Special Administrators reserve their rights to further review the
Assignor’s Claim as part of the detailed reconciliation exercise that the
Special Administrators are currently undertaking in respect of each
6
claimant's claim for distribution purposes;]
(b)
the Fees are non-refundable and will not be returned or credited to the
sender if the requested Assignment is cancelled, withdrawn or lapses in
accordance with paragraph 4 of this Transfer Notice;
(c)
[subject to paragraph 4 of this Transfer Notice,] the terms of this Transfer
Notice may not be revoked or amended without the prior written consent
of the Company;
(d)
neither the Company, nor the Special Administrators shall assume any
liability in respect of a failed Transfer Notice;
(e)
the transfer of the rights and Claims set out in paragraph 5(f) below and
this Transfer Notice are without prejudice to (meaning without detriment
to), and shall not affect, any security interest created in favour of any
person;
(f)
the whole of the Claim and the whole of the Assignor's right to receive
any and all distributions in respect of, or in connection with, the Claim
shall be unconditionally and immediately assigned to the Assignee;
(g)
the claim form(s) and accompanying information lodged by or on behalf
of the Assignor shall stand as the Assignee's proof of debt;
(h)
subject to paragraphs 5(i) and (j) below, distributions paid or assets
returned (as applicable) by the Company and/or Special Administrators to
(or at the direction of) the Assignee shall constitute a good discharge by
5
Assignor and Assignee to note that if this paragraph is not included, consequential amendments in respect
of cross-referencing will need to be made.
6
To be deleted where the transfer of a Claim is in respect of a Claim that has been wholly agreed for
distribution purposes (i.e. both classification and value have been agreed between the claimant and the
Company and/or the Special Administrators)
12
EUW_ACTIVE:38277121 763238.0003
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business