CERTIFICATE OF ASSIGNMENT WITH RECOURSE

Serial No.________________ Original
________________________________
(Name of Bank)
CERTIFICATE OF ASSIGNMENT WITH RECOURSE

Issue Date : ______________, 20__

FOR AND IN CONSIDERATION OF PESOS ______________________________________________ (P_____________)

________________________________________________ hereby assigns, conveys, and transfers with recourse

                             (Name of Assignor)

to ___________________________________________ the debt of ___________________________________________

(Name of Assignee)                                      (Name of Principal Debtor)

to the Assignor, specifically described as follows:

(Description of Securities)

Principal Debtor/s Serial Number/s Maturity Date/s Face Value Interest/Yield
P P
_____________ _____________
TOTAL P _____________ P _____________
 

CONFORME:

_________________________
(Signature of Assignee)
_________________________
Duly Authorized Officer

NOT INSURED WITH THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)

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___________________________________________________________________________________

 

TERMS & CONDITIONS OF CERTIFICATE OF ASSIGNMENT WITH RECOURSE

1. No Pretermination

Assignor shall not pay nor repurchase subject security/ies before the maturity date thereof.

2. Liquidated Damages

In case of default, Assignor shall be liable, in addition to interest, for liquidated damages of (amount or %), plus attorney’s fees of (amount or %) and costs of collection in case of suit.

3. Delivery/Custody of Securities

( ) Physically delivered to Assignee

( ) Evidenced by Custodian Receipt No. __________________ dated _____________ issued by ______________________________________.

4. Separate Stipulations

( ) This Agreement is subject to the terms and conditions of __(describe document)__ dated________________, executed by __(name of party/ies)__ and made an integral part hereof.

 

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