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General Security Agreement Template for Switzerland

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Key Requirements PROMPT example:

General Security Agreement

"I need a Swiss law General Security Agreement for a bilateral loan arrangement between our manufacturing company (as borrower) and Credit Suisse (as lender), with security over our equipment, inventory, and receivables, to be effective from March 1, 2025."

Document background
The General Security Agreement is a fundamental document in Swiss secured lending transactions, used to create security interests over a grantor's assets in favor of a secured party. This agreement is essential in various financing arrangements, from bilateral loans to syndicated facilities, and is structured to comply with Swiss legal requirements while accommodating international business practices. The document details the assets serving as collateral, the secured obligations, and the parties' rights and obligations, incorporating specific provisions required under Swiss law for creation, perfection, and enforcement of security interests. It's particularly important in cross-border transactions where Swiss assets are involved and must be carefully drafted to ensure enforceability under Swiss law while aligning with any related international financing arrangements.
Suggested Sections

1. Parties: Identification of the secured party (creditor) and the grantor (debtor)

2. Background: Context of the security agreement, including reference to any underlying obligations or facility agreements

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including Swiss law-specific concepts

4. Grant of Security Interest: Core provision creating the security interest over the collateral

5. Collateral Description: Detailed description of the assets subject to the security interest

6. Secured Obligations: Definition and scope of the obligations being secured

7. Representations and Warranties: Grantor's confirmations regarding ownership, authority, and status of collateral

8. Perfection Requirements: Steps required to perfect the security interest under Swiss law

9. Maintenance of Collateral: Grantor's obligations to maintain and preserve the collateral

10. Rights and Obligations: Ongoing rights and obligations of both parties regarding the collateral

11. Events of Default: Circumstances constituting default under the agreement

12. Enforcement: Rights and procedures for enforcing the security interest under Swiss law

13. Power of Attorney: Authorization for secured party to perfect or enforce security interests

14. Notices: Communication requirements and contact details

15. Governing Law and Jurisdiction: Confirmation of Swiss law governance and jurisdiction provisions

Optional Sections

1. Bank Accounts: Specific provisions for security over bank accounts, including control agreements

2. Intellectual Property: Additional provisions for security over IP rights, including registration requirements

3. Insurance: Requirements for insurance of collateral and assignment of insurance proceeds

4. Real Property: Specific provisions for real estate collateral, including mortgage requirements

5. Intermediated Securities: Provisions for securities held through intermediaries under FISA

6. Data Protection: Specific provisions when personal data is involved in the collateral

7. Foreign Law Assets: Provisions dealing with collateral located outside Switzerland

8. Currency Provisions: Special provisions for dealing with multiple currencies

9. Tax Provisions: Specific tax-related provisions and allocations

Suggested Schedules

1. Schedule 1 - Collateral Description: Detailed list and description of all assets subject to the security interest

2. Schedule 2 - Perfection Requirements: Specific actions required for each type of collateral

3. Schedule 3 - Bank Account Details: List of all relevant bank accounts and control requirements

4. Schedule 4 - Intellectual Property: List of all IP rights subject to the security interest

5. Schedule 5 - Real Property Details: Description of any real property collateral

6. Schedule 6 - Form of Notice: Standard forms for notices to third parties

7. Schedule 7 - Form of Acknowledgment: Standard forms for third party acknowledgments

8. Appendix A - Filing Forms: Required Swiss law filing and registration forms

9. Appendix B - Powers of Attorney: Form of powers of attorney required under Swiss law

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















































Clauses



































Relevant Industries

Banking and Financial Services

Insurance

Manufacturing

Real Estate

Technology

Telecommunications

Healthcare

Energy

Infrastructure

Retail

Agriculture

Mining and Natural Resources

Transportation and Logistics

Professional Services

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Corporate Secretariat

Credit Administration

Transaction Management

Security Administration

Collateral Management

Relevant Roles

Chief Financial Officer

General Counsel

Legal Counsel

Finance Director

Treasury Manager

Risk Manager

Compliance Officer

Corporate Secretary

Security Trustee

Credit Manager

Loan Officer

Transaction Manager

Legal Director

Banking Relationship Manager

Collateral Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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