Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Memorandum Of Deposit
1. Parties: Identification of the Depositor (security provider) and the Depositee (security taker), including full legal names, registration numbers, and addresses
2. Background: Context of the security arrangement, reference to any underlying obligations or facility agreements
3. Definitions: Definitions of key terms used in the document, including 'Secured Assets', 'Secured Obligations', and other relevant terms
4. Creation of Security: Express provisions creating the security interest over the Secured Assets
5. Secured Assets: Detailed description of the assets being provided as security
6. Secured Obligations: Definition and scope of the obligations being secured by the deposit
7. Perfection Requirements: Steps required to perfect the security interest under Danish law
8. Depositor's Representations and Warranties: Confirmations regarding ownership, authority, and absence of encumbrances
9. Depositor's Obligations: Ongoing obligations regarding maintenance and preservation of the Secured Assets
10. Rights and Remedies: The Depositee's rights in case of default or enforcement
11. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction of Danish courts
1. Further Assurance: Additional actions the Depositor must take to protect or enhance the security - useful for complex security arrangements
2. Power of Attorney: Grant of power of attorney to the Depositee - include when required for specific types of assets or enforcement scenarios
3. Insurance: Requirements for insurance of physical assets - include when tangible assets are part of the security
4. Voting Rights: Provisions regarding exercise of voting rights - include when securities or shares are being deposited
5. Release Provisions: Conditions and process for releasing the security - include when partial release might be contemplated
6. Tax Provisions: Allocation of tax obligations - include when tax implications are significant
7. Notice Requirements: Specific notice requirements for particular types of assets - include when required by Danish law for certain asset types
1. Schedule 1 - Secured Assets: Detailed list and description of all assets subject to the security interest
2. Schedule 2 - Perfection Requirements: Specific actions required to perfect the security interest for different types of assets
3. Schedule 3 - Form of Notice: Template notices required for perfection (if applicable)
4. Schedule 4 - Existing Security Interests: List of any permitted existing security interests over the Secured Assets
5. Appendix 1 - Copy of Underlying Agreement: Copy of the agreement creating the secured obligations
6. Appendix 2 - Corporate Authorizations: Copies of relevant corporate authorizations and powers of attorney
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.