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Loan With Collateral Agreement
1. Parties: Identification of the lender and borrower with full legal names, registration numbers, and addresses
2. Background: Context of the loan agreement, purpose of the loan, and brief description of the collateral arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including financial terms, security-related concepts, and technical terminology
4. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of the loan proceeds
5. Interest and Fees: Details of interest rate (fixed or variable), calculation method, payment periods, and any applicable fees
6. Repayment Terms: Repayment schedule, payment methods, prepayment provisions, and consequences of late payment
7. Collateral: Description of the assets provided as collateral, valuation requirements, and maintenance obligations
8. Security Interest: Creation and perfection of the security interest, registration requirements, and ranking
9. Representations and Warranties: Standard declarations by the borrower regarding legal capacity, ownership of collateral, and absence of conflicts
10. Covenants: Ongoing obligations of the borrower regarding financial maintenance, collateral preservation, and reporting
11. Events of Default: Circumstances constituting default and their consequences
12. Enforcement Rights: Lender's rights and remedies upon default, including collateral seizure and sale procedures
13. Notices: Communication requirements and contact details for formal notices
14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
15. Signatures: Execution blocks for all parties
1. Insurance Requirements: Used when specific insurance coverage for the collateral is required, detailing types of insurance and minimum coverage
2. Guarantees: Include when there are third-party guarantors supporting the loan obligation
3. Multiple Lenders: Required for syndicated loans or multiple lender arrangements, including voting rights and agent provisions
4. Currency Provisions: Necessary for loans involving multiple currencies or foreign exchange considerations
5. Tax Provisions: Include detailed tax provisions when cross-border elements exist or specific tax implications need addressing
6. Assignment and Transfer: Include when either party may need to transfer rights or obligations under the agreement
7. Subordination: Required when the loan needs to be ranked in relation to other existing or future debt
8. Collateral Agent: Include when a third party will hold or manage the collateral on behalf of the lender
1. Schedule 1 - Loan Repayment Schedule: Detailed amortization table showing payment dates, amounts, and breakdown between principal and interest
2. Schedule 2 - Collateral Description: Detailed description and documentation of all assets serving as collateral, including registration numbers, locations, and values
3. Schedule 3 - Condition Precedent Documents: List of documents required before loan disbursement
4. Schedule 4 - Form of Drawdown Notice: Template for requesting loan disbursements
5. Schedule 5 - Security Registration Details: Specific information required for registering security interests in relevant registries
6. Appendix A - Valuation Report: Independent valuation of the collateral assets
7. Appendix B - Insurance Certificates: Copies of required insurance policies covering the collateral
8. Appendix C - Corporate Authorizations: Corporate resolutions and powers of attorney authorizing the transaction
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