Document background
The Asset Pledge Agreement is a fundamental security document used in Dutch financing transactions where a party (Pledgor) grants security over specific assets to secure obligations owed to another party (Pledgee). This agreement is governed by Dutch law, particularly the Dutch Civil Code (Burgerlijk Wetboek), and creates a pledge (pandrecht) over movable assets, receivables, or other rights. It is commonly used in both bilateral and syndicated lending arrangements, asset-based financing, and general corporate financing transactions. The document must meet specific Dutch law requirements for creation and perfection of security interests, which may include registration, notification, or notarization depending on the asset type. The Asset Pledge Agreement typically contains detailed provisions on the scope of secured obligations, asset maintenance requirements, enforcement mechanisms, and the rights and obligations of both parties.
