Assignment of Debt. It is known that the Debtor is indebted to the Creditor, under a separate agreement, for the current principal sum of $ , plus any interest (“Debt”). Under this Agreement, the Assuming Party agrees to assume: (choose one) ☐ - All of the Debt. ☐ - Portion of the Debt. The Assuming Party agrees to assume $ . The Debt shall continue its repayment in accordance with the terms located in a separate agreement between the Debtor and Creditor.
Appears in 2 contracts
Samples: Assignment and Assumption, Loan Assignment Agreement
Assignment of Debt. It is known that the Debtor is indebted to the Creditor, under a separate agreement, for the current principal sum of $ $[CURRENT DEBT AMOUNT], plus any interest (“Debt”). Under this Agreement, the Assuming Party agrees to assume: (choose one) ☐ - All of the Debt. ☐ - Portion of the Debt. The Assuming Party agrees to assume $ . $[PORTION OF DEBT AMOUNT]. The Debt shall continue its repayment in accordance with the terms located in a separate agreement between the Debtor and Creditor.
Appears in 2 contracts
Samples: Loan Assignment Agreement, Assignment and Assumption