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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."
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
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
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
Banking and Financial Services
Insurance
Manufacturing
Real Estate
Technology
Telecommunications
Healthcare
Energy
Infrastructure
Retail
Agriculture
Mining and Natural Resources
Transportation and Logistics
Professional Services
Legal
Finance
Treasury
Risk Management
Compliance
Corporate Secretariat
Credit Administration
Transaction Management
Security Administration
Collateral Management
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
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