Sale of income stream (trailer) agreement- BUS 39

Sale of income stream (trailer) agreement.

Sample

"A. The Vendor and the Purchaser are both duly registered in accordance with the provisions of the Corporations Act.

B. The Vendor is the registered owner of the Loan Book.

C. The Purchaser has requested the Vendor to sell the Loan Book to the Purchaser and the Vendor has agreed to sell the Loan Book to the Purchaser on and subject to the terms and conditions of this Agreement.

D. The Vendor and the Directors have agreed to enter into this Agreement at the request of the Purchaser to provide the warranties requested by the Purchaser in consideration of the Purchaser's purchase of the Loan Book.

2. SALE AND PURCHASE

The Vendor AGREES to sell and assign to the Purchaser (including the right on behalf of the Purchaser to present itself as successor to the Vendor in relation to..."