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Collateral Contract
1. Parties: Identification of the parties: the collateral provider (security provider) and the secured party (beneficiary)
2. Background: Context of the agreement, reference to any underlying obligations or main agreements
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Security Interest: The formal creation and grant of the security interest over the collateral
5. Secured Obligations: Clear definition of the obligations being secured by the collateral
6. Description of Collateral: Detailed description of the assets being provided as collateral
7. Representations and Warranties: Statements about ownership, authority to grant security, and status of collateral
8. Perfection Requirements: Steps required to perfect the security interest under Danish law
9. Maintenance of Collateral: Obligations regarding the maintenance and preservation of the collateral
10. Events of Default: Circumstances that trigger enforcement rights
11. Enforcement: Rights and procedures for enforcing the security interest
12. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction of Danish courts
1. Further Assurance: Additional actions parties must take to ensure validity - include for complex collateral arrangements
2. Insurance Requirements: Requirements for insuring physical collateral - include when tangible assets are involved
3. Regulatory Compliance: Specific regulatory requirements - include when parties are regulated entities
4. Tax Provisions: Tax-related obligations and allocations - include when tax implications are significant
5. Substitution of Collateral: Rights and procedures for substituting collateral - include for financial collateral arrangements
6. Consumer Protection Provisions: Additional protections required by Danish law - include when a party is a consumer
7. Cross-Default: Links to other agreements - include when multiple related agreements exist
8. Negative Pledge: Restrictions on creating additional security - include for exclusive security arrangements
1. Schedule 1 - Collateral Description: Detailed technical or legal description of the collateral assets
2. Schedule 2 - Secured Obligations: Detailed list or description of the secured obligations
3. Schedule 3 - Perfection Requirements: Specific steps and documentation required for perfection
4. Schedule 4 - Form of Notices: Template notices required for perfection or enforcement
5. Schedule 5 - Enforcement Procedures: Detailed procedures for enforcement and sale of collateral
6. Appendix A - Valuation Methodology: Agreed methods for valuing the collateral
7. Appendix B - Registration Forms: Required forms for registering the security interest
8. Appendix C - Power of Attorney: Form of power of attorney for perfection and enforcement actions
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