Deed of Assignments of Bond Debt

Deed of Assignments of Bond Debt

This deed of assignment is made the ………… day of ………… between AB of, etc., (assignor), of the one part, and CD of, etc. (assignee), of the other part.

Whereas by a bond bearing date, ………… executed by one EF described therein as obligor in favour of the said AB, the said EF (obligor) became bound to the said AB in the sum of
Rs. ………… subject to the condition for discharge as thereunder provided and whereas the said bond is still in full force and virtue and whereas the principal sum secured under the said bond together with arrears of interest thereon at present, amounts to Rs. …………… and whereas the said AB has agreed to transfer, assign and sell the said bond debt to the said CD at and for the sum of Rs. ……… Now this deed witnesses that in consideration of the sum of Rs. …………  now paid to AB by the said CD the receipt whereof the said AB do hereby admit, acknowledge and confirm the said AB as the beneficial owner, hereby transfers and assigns unto the said CD all that the principal sum of Rs. ………… secured by the said bond, and the sum of Rs. ………… now due for arrears of interest thereon and all further interest hereafter to become due and payable from time to time for the same, and all his right, title, interest, claim and demand whatsoever under the said bond and the full benefit and advantage thereof: to have and hold the same to the CD absolutely with full authority, liberty and power to enforce the bond and realise all moneys due and payable thereunder by suit or otherwise.

And the said AB hereby declares that the said bond is still in full force and virtue and the said principal sum of Rs. …………, together with the sum of Rs. ………… due for arrears of interest thereon is lawfully due and payable to the assignor under and by virtue of the same. And that the assignor had and still has good right, full power and absolute authority to grant, transfer and assign the same in the manner hereinbefore indicated. And further that the assignor shall at all times hereafter do, execute and perform all such acts, deeds, things as may be reasonably required for further and better transferring or assigning the same at the cost and expenses of the assignee.

In witness whereof the parties herein have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by AB

the assignor in the presence of:

Signed, sealed and delivered by CD

the assignee in the presence of: