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    How To Deal With The Asset Debt Agreement?

    2015/11/25 22:51:00 28

    AssetsDebtAgreement

    Lender (Party A):

    Borrower (Party B):

    In order to solve the problem of Party B's debts owed to Party B and support Party B's asset restructuring, the two parties have reached the following agreement on the basis of the existing laws and regulations and relevant policies and regulations on the basis of voluntariness, equality and consultation on the issue of debt repayment of Party B.

    I. confirmation clause of creditor's rights

    The two sides jointly confirm that as a result of the closing of the year, the second party will default on the principal and interest of the renminbi, including the principal, the gross domestic product, the gross domestic product, the gross domestic product and the interest rate.

    Two. Terms of payment

    1. Liability payable

    Party B is the debtor. Party A agrees that Party B shall pay the debts owed to Party A in accordance with the following second agreements.

    2. Debt payable and the amount of debt payable.

    Party B voluntarily mortgages the assets of Party A to the assets of Party A, which is authorized by the state to authorize its operation and has the right of legal disposition, to compensate the total debts of Party A.

    Three. Guarantee of Party B

    1, ensure that they have legitimate disposition rights against the loan assets, and there is no other property disputes.

    2, ensure that debt paying behaviors conform to the procedures prescribed by laws, regulations and articles of association.

    3, ensure that Party A is not interfered by other creditors of Party B due to the debt paying behavior.

    4, assume all responsibilities arising from non disposition and violation of relevant regulations.

    Four. Delivery of debt paying property

    After the signing of this agreement, Party A has the right to dispose of the debt assets under this Agreement and pfer all the debt assets.

    Party B shall, upon receipt of Party A's written notice, deliver the debt assets to the assignee appointed by Party A under the agreement, and the delivery method shall be separately negotiated between Party B and the assignee.

    Five. The effect of assets debt paying.

    Party B will be granted Party A after all the following conditions have been achieved.

    Assets

    When the confirmation of the validity of the debt is effective, the debt repayment act stipulated in this Agreement becomes effective.

    1. Approval of the debt repayment agreement by Party A's superior bank.

    2, Party A successfully completes the pfer of the debt assets under this agreement or receives the pfer money in full.

    3, Party A gets the assignee.

    Debt paying property

    Written proof of delivery.

    Six. Elimination of claims and debts

    After the debt Recognition Act confirmed in the fifth section of this Agreement becomes effective, Party B owes the principal sum of the loan to Party A.

    Interest

    Deemed to have completed the liquidation.

    Seven. If the debt remission act recognized in this agreement is not effective, this Agreement shall not be legally binding on all parties.

    Party A has the right to exercise recourse according to the original loan contract and guarantee contract.

    Eight. This agreement is made in four copies and has the same legal effect.

    Party A (signature): Party B (signature):

    Person in charge (signature): the person in charge (signature): Mr.

    This is the year of the year.


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