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Loan With Collateral Agreement
1. Parties: Identification of the lender and borrower with full legal names, registration numbers, and addresses
2. Background: Context of the loan agreement, purpose of the loan, and brief description of the collateral arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including financial terms, security-related concepts, and technical terminology
4. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of the loan proceeds
5. Interest and Fees: Details of interest rate (fixed or variable), calculation method, payment periods, and any applicable fees
6. Repayment Terms: Repayment schedule, payment methods, prepayment provisions, and consequences of late payment
7. Collateral: Description of the assets provided as collateral, valuation requirements, and maintenance obligations
8. Security Interest: Creation and perfection of the security interest, registration requirements, and ranking
9. Representations and Warranties: Standard declarations by the borrower regarding legal capacity, ownership of collateral, and absence of conflicts
10. Covenants: Ongoing obligations of the borrower regarding financial maintenance, collateral preservation, and reporting
11. Events of Default: Circumstances constituting default and their consequences
12. Enforcement Rights: Lender's rights and remedies upon default, including collateral seizure and sale procedures
13. Notices: Communication requirements and contact details for formal notices
14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
15. Signatures: Execution blocks for all parties
1. Insurance Requirements: Used when specific insurance coverage for the collateral is required, detailing types of insurance and minimum coverage
2. Guarantees: Include when there are third-party guarantors supporting the loan obligation
3. Multiple Lenders: Required for syndicated loans or multiple lender arrangements, including voting rights and agent provisions
4. Currency Provisions: Necessary for loans involving multiple currencies or foreign exchange considerations
5. Tax Provisions: Include detailed tax provisions when cross-border elements exist or specific tax implications need addressing
6. Assignment and Transfer: Include when either party may need to transfer rights or obligations under the agreement
7. Subordination: Required when the loan needs to be ranked in relation to other existing or future debt
8. Collateral Agent: Include when a third party will hold or manage the collateral on behalf of the lender
1. Schedule 1 - Loan Repayment Schedule: Detailed amortization table showing payment dates, amounts, and breakdown between principal and interest
2. Schedule 2 - Collateral Description: Detailed description and documentation of all assets serving as collateral, including registration numbers, locations, and values
3. Schedule 3 - Condition Precedent Documents: List of documents required before loan disbursement
4. Schedule 4 - Form of Drawdown Notice: Template for requesting loan disbursements
5. Schedule 5 - Security Registration Details: Specific information required for registering security interests in relevant registries
6. Appendix A - Valuation Report: Independent valuation of the collateral assets
7. Appendix B - Insurance Certificates: Copies of required insurance policies covering the collateral
8. Appendix C - Corporate Authorizations: Corporate resolutions and powers of attorney authorizing the transaction
Authors
Applicable Law
Business Day
Collateral
Collateral Value
Default Interest
Default Notice
Drawdown Date
Drawdown Notice
Enforcement Event
Event of Default
Facility
Financial Indebtedness
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Loan Amount
Material Adverse Effect
Maturity Date
Outstanding Amount
Parties
Permitted Security Interest
Principal
Repayment Date
Repayment Schedule
Security
Security Document
Security Interest
Security Period
Security Registry
Signing Date
Subsidiary
Tax
Transaction Documents
Valuation Report
Danish Business Day
Danish Law
Danish Security Registration
Enforcement Procedure
Insurance Policy
Permitted Disposal
Priority Ranking
Registration Requirements
Secured Obligations
Security Agent
Security Assets
Tinglysning
Definitions
Loan Facility
Purpose
Drawdown
Interest
Repayment
Prepayment
Security Creation
Collateral Maintenance
Representations and Warranties
Covenants
Information Undertakings
Financial Covenants
Events of Default
Acceleration
Enforcement
Security Registration
Insurance
Assignment and Transfer
Costs and Expenses
Tax Gross-up
Indemnities
Set-off
Amendments and Waivers
Severability
Notices
Confidentiality
Force Majeure
Further Assurance
Counterparts
Governing Law
Jurisdiction
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