(Name of Bank)
|CERTIFICATE OF ASSIGNMENT WITH RECOURSE|
Issue Date : ______________, 20__
FOR AND IN CONSIDERATION OF PESOS ____________________________________________ (P_____________),
______________________________________________________________ hereby assigns, conveys, and transfers
(Name of Assignor)
with recourse 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|
|TOTAL||P _____________||P _____________
and Assignor hereby undertakes to pay, jointly and severally with the Principal Debtor, the face value of, and the interest/yield on, said debt securities. This assignment shall be subject to the terms and conditions on the reverse side hereof.
(Signature of Vendee)
Duly Authorized Officer
NOT INSURED WITH THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)
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 payee
( ) 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.