Master Assignment Agreement (Equipment Financing)

Summary

This precedent is a master assignment agreement for parties who sell and buy multiple financing agreements regularly and continuously. This precedent consists of practical guidance and drafting notes. An assignment agreement is the most common method to transfer the obligations of an obligor from one party to another. Simply put, one finance party sells the entire lease to another finance party. Syndications and participations are other methods. A “master” assignment agreement is created when these finance contracts are sold regularly, continuously and on a bilateral basis. Terms are often reflections of the power relationship between the parties. Therefore, the agreements are often very different among parties and less standardized. Relevant exhibits have been included. See the precedents: Master Lease Agreement (Equipment Financing) and Master Lease Schedule (Equipment Financing) for types of leases that can be assigned. For other related precedents, see Equipment Lease Agreement ...