Assignment of Receivables Agreement

Quebec English Civil law Unannotated

Assignment of Receivables Agreement

  1. Documents

  2. Contrat de cession de créance Contrat de cession de créance

    D07200 -
    Quebec French Civil law Unannotated

    $74.99

    $74.99

  3. Assignment of Receivables Agreement Assignment of Receivables Agreement

    D07200a -
    Quebec English Civil law Unannotated

    $74.99

    $74.99

  4. $19.99

Assignment of Receivables Agreement

In order to be granted a loan, one must often provide security to guarantee repayment of the loan. When the borrower is also the creditor of another party, it may offer this debt-claim as security to obtain financing. This transaction is referred to as debt assignment. The debt-claim is assigned for an amount below its nominal value and the assignor guarantees its payment in principal, interest and fees. Our template sets out the legal framework for this type of financing arrangement.

Assignment of Receivables Agreement

Assignment of Receivables Agreement

0.00 INTERPRETATION
0.01 Terminology
0.01.01 Agreement
0.01.02 Breach
0.01.03 Change in Control
0.01.04 Confidential Information
0.01.05 Encumber or Encumbrance
0.01.06 Event of Default
0.01.07 Force Majeure
0.01.08 Fundamental Provisions
0.01.09 Law
0.01.10 Legal Representatives
0.01.11 PARTY
0.01.12 Person
0.01.13 Prime Rate
0.01.14 Receivables
0.02 Precedence
0.03 Jurisdiction
0.03.01 Governing Law
0.03.02 Non-compliance
a) Severability
b) Substitute Provision
0.04 Miscellaneous
0.04.01 Cumulative Rights
0.04.02 Time and Dates
a) Time of the Essence
b) Computation of Time
c) Delays
0.04.03 Financial References
0.04.04 References within Agreement
0.04.05 Gender and Number
0.04.06 Headings
0.04.07 Presumptions
0.04.08 Knowledge
0.04.09 Approval
0.04.10 GAAP
1.00 PURPOSE
1.01 Assignment
1.02 Conditions
1.02.01 Required by ASSIGNOR
1.02.02 Required by ASSIGNEE
1.02.03 Choice
2.00 CONSIDERATION
3.00 TERMS OF PAYMENT
3.01 Base Amount
3.02 Interest
3.03 Loss of Term
4.00 SECURITY
4.01 In favour of ASSIGNOR
4.02 In favour of ASSIGNEE
5.00 MUTUAL REPRESENTATIONS AND WARRANTIES
5.01 Status
5.02 Authority
5.03 Binding Agreement
5.04 Canadian Resident
5.05 Commission
5.06 Insurance
5.07 Nominee
5.08 Fundamental Provisions
5.09 Disclosure
6.00 REPRESENTATIONS AND WARRANTIES OF ASSIGNOR
6.01 Status
6.02 Authority
6.03 Binding Agreement
6.04 Insurance
6.05 Nominee
6.06 Fundamental Provisions
6.07 Disclosure
6.08 Existence of the Receivables
6.09 Defect and Nullity
6.10 Prior Assignment
6.11 Sole Owner
6.12 Condition of the Debtor
7.00 REPRESENTATIONS AND WARRANTIES OF ASSIGNEE
7.01 Status
7.02 Authority
7.03 Binding Agreement
7.04 Insurance
7.05 Nominee
7.06 Fundamental Provisions
7.07 Disclosure
8.00 MUTUAL DUTIES AND OBLIGATIONS
8.01 Confidential Information
8.01.01 Undertaking
8.01.02 End of Agreement
8.02 Insurance
8.02.01 Insured Risks
8.02.02 Amount of Coverage
8.02.03 Issuer
8.02.04 Co-insured
8.02.05 No Limitation
8.03 Indemnification
8.03.01 “Loss”
8.03.02 Scope
8.03.03 Procedure
8.03.04 Deductible
8.03.05 Limitation on Claims
8.04 Disclosure of Agreement
9.00 DUTIES AND OBLIGATIONS OF THE ASSIGNOR
9.01 Guarantee
9.02 Execution of Documents
10.00 OBLIGATIONS OF ASSIGNEE
11.00 SPECIAL PROVISIONS
11.01 Assignment
11.01.01 Prohibition
11.01.02 Effect of Breach
11.01.03 Exception
11.02 Force Majeure
11.02.01 No Default
11.02.02 Duty
11.02.03 Rights of Other PARTY
11.03 Relationship
11.03.01 Independent Contractors
11.03.02 No Control over Performance
11.03.03 No Authority to Bind
11.04 Further Assurances
11.05 Other Remedies
11.05.01 Choices
11.05.02 No Limitations
11.06 Prescription
12.00 GENERAL PROVISIONS
12.01 Notice
12.02 Dispute Resolution
12.02.01 Good Faith Negotiations
12.02.02 Mediation
12.02.03 Arbitration
12.03 Election
12.04 Counterparts
12.05 Amendment
12.06 No Waiver of Rights
12.07 Electronic Transmission
12.08 Language
13.00 TERMINATION
13.01 Mutual Consent
13.02 Unilateral Termination
13.03 Without Notice
13.04 Prior Notice
13.05 Change of Control
14.00 EFFECTIVE DATE
14.01 Retroactivity
14.02 Execution
14.03 Deferral
15.00 DURATION
15.01 Instantaneous
15.02 Survival
16.00 SCOPE



SCHEDULE A – EXCERPT FROM A RESOLUTION OF ASSIGNOR
SCHEDULE B – EXCERPT FROM A RESOLUTION OF ASSIGNEE
SCHEDULE C – ACCEPTANCE BY THE DEBTOR
SCHEDULE D – ACCEPTANCE BY THE SURETY

  1. Documents

  2. Contrat de cession de créance Contrat de cession de créance

    D07200 -
    Quebec French Civil law Unannotated

    $74.99

    $74.99

  3. Assignment of Receivables Agreement Assignment of Receivables Agreement

    D07200a -
    Quebec English Civil law Unannotated

    $74.99

    $74.99

  4. $19.99