Novation of loan

A standard form deed of novation under which a lender (the transferor) transfers by novation all its rights and obligations relating to a facility agreement (also known as a loan agreement) to a new lender (the transferee).

This standard document has integrated notes with important explanations and drafting tips. For detailed information on legal issues that may arise when drafting a novation of loan, see Drafting note, Drafting assumptions and legal issues.


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