Security Interest Contract Template for Germany

1. Further Assurance: Additional actions the security provider must take to perfect or maintain the security - relevant for complex security arrangements

2. Power of Attorney: Grant of power of attorney to the security taker - needed when direct action by security taker may be required

3. Insurance: Requirements for insurance of the collateral - relevant for tangible assets

4. Parallel Debt: Creation of parallel debt structure - needed in syndicated arrangements

5. Security Agent Provisions: Provisions regarding the role and powers of security agent - relevant for syndicated arrangements

6. Third Party Rights: Provisions addressing rights of third parties - relevant when multiple creditors are involved

7. Cost and Expenses: Allocation of costs related to creation and maintenance of security - relevant for complex arrangements

1. Schedule 1 - Collateral Description: Detailed technical or legal description of the assets subject to the security interest

2. Schedule 2 - Secured Obligations: Comprehensive list and details of the secured obligations

3. Schedule 3 - Form of Notice: Standard forms for any required notices to third parties

4. Schedule 4 - Perfection Actions: List of specific actions required to perfect the security interest

5. Appendix A - Filing Forms: Forms required for registration of the security interest with relevant authorities

6. Appendix B - Copies of Existing Rights: Copies of existing rights, titles, or registrations relating to the collateral