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Collateral Security Agreement
"I need a Collateral Security Agreement under German law to secure a €5 million equipment loan for our manufacturing facility, where the collateral consists of machinery and equipment to be installed by March 2025, with specific provisions for maintenance and insurance requirements."
1. Parties: Identification of the security provider(s) and secured party/parties
2. Background: Context of the security arrangement and reference to underlying obligations
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Secured Obligations: Detailed description of the obligations being secured
5. Grant of Security Interest: Creation and grant of the security interest over the collateral
6. Perfection and Further Assurances: Requirements for perfecting the security interest and obligations to maintain perfection
7. Representations and Warranties: Security provider's representations regarding ownership, authority, and status of collateral
8. Undertakings: Security provider's obligations regarding maintenance and use of collateral
9. Enforcement: Rights and procedures for enforcement upon default
10. Power of Attorney: Appointment of secured party as attorney-in-fact for enforcement purposes
11. Miscellaneous: Standard provisions including notices, amendments, and governing law
1. Multiple Security Providers: Additional provisions when there are multiple security providers, including joint and several liability
2. Security Agent Provisions: Required when there are multiple secured parties with a security agent
3. Insurance: Specific insurance requirements for physical collateral
4. Bank Account Control: Specific provisions for bank account collateral
5. IP Rights: Special provisions for intellectual property collateral
6. Real Estate: Additional provisions for real property collateral
7. Receivables: Specific provisions for receivables including notice requirements
8. Release and Discharge: Terms for partial or full release of security
1. Schedule 1 - Secured Obligations: Detailed list of secured obligations and underlying agreements
2. Schedule 2 - Collateral Description: Detailed description of all collateral assets
3. Schedule 3 - Perfection Requirements: Specific actions required for perfection of security interest
4. Schedule 4 - Form of Notice: Template notices to third parties (e.g., account banks, debtors)
5. Schedule 5 - Security Provider Details: Details of security provider(s) including registration information
6. Schedule 6 - Existing Security Interests: List of permitted existing security interests over the collateral
7. Appendix A - Power of Attorney Form: Form of power of attorney for enforcement purposes
Authors
Additional Security Provider
Business Day
Charged Assets
Collateral
Collateral Rights
Default
Delegate
Enforcement Event
Enforcement Notice
Event of Default
Finance Documents
Financial Indebtedness
Fixed Security
Floating Charge
Group
Guaranteed Obligations
Insolvency Event
Insolvency Proceedings
Lender
Material Adverse Effect
Perfection Requirements
Permitted Security
Power of Attorney
Receiver
Release Date
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Agent
Security Assets
Security Documents
Security Interest
Security Period
Security Provider
Security Rights
Subsidiary
Tax
Transaction Documents
Transfer
Underlying Documents
Interpretation
Creation of Security
Grant of Security Interest
Secured Obligations
Perfection Requirements
Further Assurance
Representations and Warranties
Covenants
Negative Pledge
Enforcement
Power of Attorney
Assignment and Transfer
Release of Security
Indemnification
Costs and Expenses
Notices
Severability
Amendments
Governing Law
Jurisdiction
Counterparts
Liability
Default
Remedies
Insurance
Ranking of Security
Registration Requirements
Parallel Debt
Termination
Banking
Financial Services
Real Estate
Manufacturing
Technology
Infrastructure
Energy
Telecommunications
Retail
Healthcare
Construction
Transportation
Agriculture
Mining
Legal
Finance
Treasury
Risk Management
Compliance
Credit
Corporate Secretariat
Security Administration
Transaction Management
Portfolio Management
Legal Counsel
Finance Director
Corporate Lawyer
Banking Lawyer
Security Trustee
Loan Officer
Credit Manager
Risk Manager
Compliance Officer
Transaction Manager
Corporate Secretary
Chief Financial Officer
Treasury Manager
Portfolio Manager
Collateral Manager
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