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Property Collateral Agreement
"Need a Property Collateral Agreement for a commercial office building in Manchester to secure a £5 million loan facility, with specific provisions for existing tenants and environmental compliance requirements to be completed by March 2025."
1. Parties: Identification of all parties to the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the collateral property
5. Grant of Security: Terms of the security interest being created
6. Secured Obligations: Description of obligations being secured
7. Representations and Warranties: Statements of fact about the property and parties
8. Covenants: Ongoing obligations of the parties
9. Enforcement: Rights and procedures for enforcement
1. Insurance Provisions: Required when specific insurance arrangements need to be documented
2. Environmental Provisions: Environmental obligations and warranties for properties with potential environmental risks
3. Planning Permissions: Details of relevant planning permissions when property development is contemplated
4. Tenant Provisions: Provisions relating to existing tenancies when property is let to tenants
1. Property Schedule: Detailed legal description of the property including title numbers
2. Rights and Easements: Schedule of rights and easements affecting the property
3. Form of Notices: Standard form notices for various purposes
4. Existing Encumbrances: List of existing charges or encumbrances on the property
5. Plans: Property plans and drawings
Authors
Business Day
Charged Property
Collateral
Default Event
Enforcement Event
Encumbrance
Environmental Law
Financial Indebtedness
Insurance Policies
Land Registry
Legal Charge
Loan Agreement
Mortgaged Property
Permitted Disposals
Permitted Security
Planning Laws
Property
Property Rights
Receiver
Related Rights
Secured Assets
Secured Liabilities
Secured Obligations
Security
Security Documents
Security Interest
Security Period
Title Documents
Transaction Documents
Valuation
Representations and Warranties
Covenants
Insurance
Environmental Compliance
Property Maintenance
Permitted Use
Default Events
Enforcement
Power of Attorney
Assignment and Transfer
Further Assurance
Costs and Expenses
Notices
Amendments and Waivers
Severability
Entire Agreement
Counterparts
Third Party Rights
Confidentiality
Governing Law
Jurisdiction
Registration
Release of Security
Remedies and Waivers
Priority of Security
Title Guarantee
Planning Compliance
Tenant Obligations
Disposals
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