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Collateral Contract
1. Parties: Identification of the parties: the collateral provider (security provider) and the secured party (beneficiary)
2. Background: Context of the agreement, reference to any underlying obligations or main agreements
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Security Interest: The formal creation and grant of the security interest over the collateral
5. Secured Obligations: Clear definition of the obligations being secured by the collateral
6. Description of Collateral: Detailed description of the assets being provided as collateral
7. Representations and Warranties: Statements about ownership, authority to grant security, and status of collateral
8. Perfection Requirements: Steps required to perfect the security interest under Danish law
9. Maintenance of Collateral: Obligations regarding the maintenance and preservation of the collateral
10. Events of Default: Circumstances that trigger enforcement rights
11. Enforcement: Rights and procedures for enforcing the security interest
12. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction of Danish courts
1. Further Assurance: Additional actions parties must take to ensure validity - include for complex collateral arrangements
2. Insurance Requirements: Requirements for insuring physical collateral - include when tangible assets are involved
3. Regulatory Compliance: Specific regulatory requirements - include when parties are regulated entities
4. Tax Provisions: Tax-related obligations and allocations - include when tax implications are significant
5. Substitution of Collateral: Rights and procedures for substituting collateral - include for financial collateral arrangements
6. Consumer Protection Provisions: Additional protections required by Danish law - include when a party is a consumer
7. Cross-Default: Links to other agreements - include when multiple related agreements exist
8. Negative Pledge: Restrictions on creating additional security - include for exclusive security arrangements
1. Schedule 1 - Collateral Description: Detailed technical or legal description of the collateral assets
2. Schedule 2 - Secured Obligations: Detailed list or description of the secured obligations
3. Schedule 3 - Perfection Requirements: Specific steps and documentation required for perfection
4. Schedule 4 - Form of Notices: Template notices required for perfection or enforcement
5. Schedule 5 - Enforcement Procedures: Detailed procedures for enforcement and sale of collateral
6. Appendix A - Valuation Methodology: Agreed methods for valuing the collateral
7. Appendix B - Registration Forms: Required forms for registering the security interest
8. Appendix C - Power of Attorney: Form of power of attorney for perfection and enforcement actions
Authors
Additional Collateral
Affiliate
Authorized Representative
Business Day
Collateral
Collateral Account
Collateral Value
Default Interest Rate
Default Notice
Delegate
Enforcement Event
Enforcement Notice
Event of Default
Financial Indebtedness
Governing Documents
Insolvency Event
Legal Requirement
Lien
Loan Agreement
Material Adverse Effect
Obligations
Permitted Security Interest
Potential Event of Default
Principal Agreement
Proceeds
Regulatory Authority
Secured Assets
Secured Obligations
Secured Parties
Security
Security Agent
Security Documents
Security Interest
Security Period
Security Provider
Subsidiary
Taxes
Transaction Documents
Valuation Date
Voting Rights
Grant of Security
Secured Obligations
Perfection of Security
Representations and Warranties
Covenants
Further Assurance
Enforcement
Power of Attorney
Indemnification
Assignment and Transfer
Amendments and Waivers
Notices
Costs and Expenses
Severability
Confidentiality
Force Majeure
Default Interest
Set-off Rights
Registration Requirements
Governing Law
Jurisdiction
Counterparts
Release of Security
Information Rights
Maintenance of Collateral
Insurance
Inspection Rights
Default Remedies
Regulatory Compliance
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