Equipment Security Agreement Template for India

1. Further Assurance: Additional obligations to perfect the security interest, used when specific regulatory or registration requirements apply

2. Power of Attorney: Grants power to the secured party to perfect or enforce the security, included when stronger enforcement rights are needed

3. Assignment and Transfer: Provisions governing the transfer of rights, included when transferability is anticipated

4. Cross-Default: Links defaults under other agreements, used when there are multiple related agreements

5. Insurance Requirements: Detailed insurance obligations, used for high-value equipment

6. Inspection Rights: Secured party's rights to inspect equipment, included for complex or high-value equipment

7. Third Party Rights: Addresses rights of third parties, used when equipment may be in possession of or used by third parties

1. Equipment Schedule: Detailed list and specifications of all equipment subject to the security interest

2. Location Schedule: List of locations where the equipment is or will be kept

3. Form of Notice: Standard form for notices required under the agreement

4. Insurance Requirements: Detailed insurance specifications and requirements

5. Existing Security Interests: Details of any existing security interests or encumbrances on the equipment

6. Maintenance Requirements: Specific maintenance and servicing requirements for the equipment

7. Form of Equipment Inspection Report: Standard format for equipment inspection reports