This agreement of absolute transfer and assignment of accounts receivable template has 3 pages and is a MS Word file type listed under our credit & collection documents.
Sample of our agreement of absolute transfer and assignment of accounts receivable template:
AGREEMENT OF ABSOLUTE TRANSFER AND ASSIGNMENT OF ACCOUNTS RECEIVABLE This Agreement of Absolute Transfer and Assignment of Accounts Receivable (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Transferor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TRANSFEREE NAME] (the "Transferee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS By an asset purchase agreement made [DATE], (the "Purchase Agreement") the Transferor agreed to sell to the Transferee at the price and on the terms and conditions contained in the Purchase Agreement, the Transferor's right, title and interest in and to substantially all of the assets used by the Transferor in carrying on a vehicle and equipment leasing and financing business, including all of the vehicle leases granted by the Transferor (the "Leases"), all payments thereunder, all vehicles leased thereby and all rights and remedies thereunder, or under any agreement or arrangement facilitating or securing the performance by lessees thereunder. Notice of the assignment shall be mailed by the Transferee to each lessee with a vehicle lease forming part of the Leases purchased by the Transferee under the Purchase Agreement and to each guarantor or indemnifier of such lessee. Pursuant to the Purchase Agreement, the Transferor agreed, inter alia, to sell, assign and transfer to the Transferee all Accounts Receivable (as such term is defined in the Purchase Agreement) (the "Accounts Receivable"). THEREFORE THIS AGREEMENT WITNESSETH: For good and valuable consideration, the receipt whereof is hereby acknowledged by the Transferor, the Transferor does hereby absolutely transfer, assign and make over unto the Transferee, hereto present and accepting the same, all of the Transferor's right, title and interest in the Accounts Receivable accruing or growing due to the Transferor, with respect to the purchased Leases and the Transferor further assigns and transfers unto the Transferee all deeds, documents, writings, papers, books of account and other books relating to or being records of the Accounts Receivable or by which the Accounts Receivable are or may hereafter be secured, evidenced, acknowledges or made payable (the whole hereinafter referred to as the "Documents"). The present absolute transfer and assignment is made subject to the following terms, clauses and conditions, all of which are essential hereto: ADDITIONAL ASSIGNMENT The present assignment is given in addition to and not in substitution for any similar assignment heretofore given to and still held by the Transferee and in particular any and all assignments made or contemplated by the Purchase Agreement. COLLECTION OF THE ACCOUNTS RECEIVABLE
