Asset Pledge Agreement Template for Hong Kong

1. Power of Attorney: Grants pledgee power to perfect or enforce the pledge; used for complex assets or where pledgor cooperation may be difficult

2. Further Assurance: Obligation to execute additional documents; included for complex assets or cross-border situations

3. Tax Provisions: Allocation of tax liabilities; included when significant tax implications exist

4. Insurance Requirements: Detailed insurance obligations; used for physical assets requiring specific insurance

5. Custody Arrangements: Terms for third-party custody of pledged assets; used for financial instruments or other assets held by custodians

6. Income and Voting Rights: Treatment of dividends, interest, or voting rights; used for pledged shares or financial instruments

7. Cross-Default: Links to other agreements; included when part of larger financing arrangement

8. Currency Provisions: Required for cross-border transactions or multiple currency obligations

1. Schedule of Pledged Assets: Detailed description and identification of all assets subject to the pledge

2. Form of Notice: Template notices required for perfection or enforcement

3. Registration Requirements: Details of required registrations and filings for different asset types

4. Secured Obligations Details: Detailed description of the secured obligations if complex

5. Perfection Requirements: Specific steps required for different asset types

6. Form of Power of Attorney: Standard form of power of attorney if required

7. Insurance Requirements: Detailed insurance specifications for physical assets

8. Existing Encumbrances: List of permitted existing encumbrances on the pledged assets