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Security Interest Agreement
1. Parties: Identification of the security provider (pledgor/mortgagor) and the security taker (pledgee/mortgagee)
2. Background: Context of the security arrangement and its relationship to underlying obligations
3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including Danish law-specific terminology
4. Creation of Security Interest: Express provisions creating the security interest and identifying the secured assets
5. Secured Obligations: Definition and scope of the obligations being secured
6. Perfection Requirements: Steps required to perfect the security interest under Danish law, including registration requirements
7. Representations and Warranties: Fundamental representations regarding ownership, authority, and asset status
8. Security Provider Covenants: Ongoing obligations of the security provider regarding the secured assets
9. Enforcement: Rights and procedures for enforcement in accordance with Danish law
10. Power of Attorney: Authority granted to the security taker to perfect and enforce the security
11. Costs and Expenses: Allocation of costs related to creation, perfection, and enforcement
12. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction
1. Further Assurance: Additional obligations to perfect or protect the security interest, used in complex transactions
2. Release and Discharge: Conditions and process for releasing the security, included when specific release mechanisms are needed
3. Assignment and Transfer: Rights to transfer the security interest, included when transferability is contemplated
4. Notices: Communication procedures, included in more formal or complex arrangements
5. Amendments and Waivers: Procedures for modifications, included in more formal arrangements
6. Severability: Provisions for partial invalidity, included in more complex arrangements
7. Multiple Currencies: Provisions for dealing with multiple currencies, included when relevant
8. Parallel Debt: Used when the security is held by a security agent in syndicated arrangements
1. Schedule 1 - Secured Assets: Detailed description and/or list of assets subject to the security interest
2. Schedule 2 - Forms of Notice: Template notices required for perfection (e.g., notices to account banks)
3. Schedule 3 - Secured Obligations: Detailed description of secured obligations if complex
4. Schedule 4 - Security Provider Details: Corporate and asset registration details of the security provider
5. Schedule 5 - Registration Forms: Forms required for Danish property rights registration
6. Appendix 1 - Asset Documents: Copies of relevant title documents or asset documentation
7. Appendix 2 - Corporate Authorizations: Relevant corporate approvals and powers of attorney
Authors
Acceleration Event
Additional Security Assets
Agreed Form
Business Day
Charged Assets
Collateral
Default
Default Interest
Delegate
Dispose
Disposal
Enforcement Event
Enforcement Notice
Event of Default
Financial Indebtedness
Group
Insolvency Event
Insolvency Proceedings
Legal Reservations
Lien
Material Adverse Effect
Mortgage
Notice of Assignment
Parallel Debt
Perfection Requirements
Permitted Disposal
Permitted Security
Power of Attorney
Receiver
Related Rights
Relevant Jurisdiction
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Agent
Security Documents
Security Interest
Security Period
Security Provider
Security Rights
Tax
Transaction Documents
Transfer
Creation of Security
Grant of Security
Secured Obligations
Continuing Security
Perfection of Security
Representations and Warranties
Covenants
Further Assurance
Negative Pledge
Power of Attorney
Enforcement
Application of Proceeds
Release of Security
Set-off Rights
Payment Mechanics
Currency Provisions
Costs and Expenses
Indemnification
Assignment and Transfer
Amendments and Waivers
Notices
Calculations and Certificates
Partial Invalidity
Remedies and Waivers
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Service of Process
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