Rolllover Agreement Assets

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Rolllover Agreement Assets

Rolllover Agreement Assets

{{company_long_name}}

{{company_address}}

Phone: {{company_phone}}

Email: {{company_email}}

Website: {{company_website}}

ROLLOVER AGREEMENT – ASSETS

This Rollover Agreement (hereinafter referred to as “the Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (hereinafter referred to as the “Effective Date”),

BY AND BETWEEN:

{{lender_company_name}}, a company duly incorporated and registered under the laws of {{country}}, with its principal place of business at {{lender_company_address}} (hereinafter referred to as “the Lender”);

AND

{{borrower_company_name}}, a company duly incorporated and registered under the laws of {{country}}, with its principal place of business at {{borrower_company_address}} (hereinafter referred to as “the Borrower”).

Collectively referred to as “the Parties” and individually as “Party.”

RECITALS

WHEREAS, the Lender and the Borrower previously entered into a Loan Agreement dated {{original_loan_agreement_date}} (hereinafter referred to as “the Original Agreement”) for the principal amount of {{original_loan_amount}} ({{original_loan_amount_words}}) concerning the assets described in Schedule A attached hereto (hereinafter referred to as “the Assets”);

AND WHEREAS, the Borrower has requested, and the Lender has agreed, to roll over the outstanding balance of the Original Agreement, subject to the terms and conditions set forth herein.

1. ROLLING OVER OF LOAN

1.1. The Parties hereby agree to roll over the outstanding principal balance of {{outstanding_principal_amount}} ({{outstanding_principal_amount_words}}) from the Original Agreement, effective from the Effective Date of this Agreement.

1.2. The rolled-over amount shall be subject to new terms and conditions as stipulated in this Agreement.

2. REVISED REPAYMENT TERMS

2.1. The Borrower shall repay the rolled-over principal amount, together with accrued interest, in accordance with the revised repayment schedule set out in Schedule B attached hereto.

2.2. The new interest rate applicable to the rolled-over amount shall be {{new_interest_rate}}% per annum, calculated daily and compounded monthly.

2.3. The first repayment under this revised schedule shall be due on {{first_repayment_date}}.

3. SECURITY

3.1. The Assets previously pledged as security under the Original Agreement, as detailed in Schedule A, shall continue to serve as security for the rolled-over loan amount under this Agreement.

3.2. The Borrower confirms that the Assets remain free from any other encumbrances, liens, or charges, save for those disclosed to and approved by the Lender.

4. WARRANTIES AND REPRESENTATIONS

4.1. Each Party warrants that it has the full power and authority to enter into and perform its obligations under this Agreement.

4.2. The Borrower warrants that all information provided to the Lender in connection with this Agreement is true, accurate, and complete.

5. GOVERNING LAW AND JURISDICTION

5.1. This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

5.2. Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by the courts of {{country}}.

6. ENTIRE AGREEMENT

This Agreement, together with its Schedules, constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and negotiations, whether written or oral, relating to the subject matter hereof.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Rollover Agreement on the Effective Date first above written.

FOR THE LENDER:

_________________________ Date: _________________________

Name: {{lender_authorised_signatory_name}}

Title: {{lender_authorised_signatory_title}}

FOR THE BORROWER:

_________________________ Date: _________________________

Name: {{borrower_authorised_signatory_name}}

Title: {{borrower_authorised_signatory_title}}

SCHEDULE A: DESCRIPTION OF ASSETS

The following assets are pledged as security for the rolled-over loan:

- {{asset_name_1}}: {{asset_description_1}}, Serial Number: {{asset_serial_number_1}}

- {{asset_name_2}}: {{asset_description_2}}, Serial Number: {{asset_serial_number_2}}

- [Add more assets as needed]

SCHEDULE B: REVISED REPAYMENT SCHEDULE

Total Rolled-Over Amount: {{outstanding_principal_amount}}

New Interest Rate: {{new_interest_rate}}% per annum

Loan Term: {{new_loan_term}} months

Repayment Frequency: {{repayment_frequency}} (e.g., Monthly, Quarterly)

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Payment No. | Due Date | Principal Payment | Interest Payment | Total Payment | Outstanding Balance

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1 | {{payment_1_due_date}} | {{payment_1_principal}} | {{payment_1_interest}} | {{payment_1_total}} | {{payment_1_outstanding_balance}}

2 | {{payment_2_due_date}} | {{payment_2_principal}} | {{payment_2_interest}} | {{payment_2_total}} | {{payment_2_outstanding_balance}}

[Continue for all payments]

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