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Security Interest Agreement
1. Parties: Identification of the security provider (pledgor/mortgagor) and the security taker (pledgee/mortgagee)
2. Background: Context of the security arrangement and its relationship to underlying obligations
3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including Danish law-specific terminology
4. Creation of Security Interest: Express provisions creating the security interest and identifying the secured assets
5. Secured Obligations: Definition and scope of the obligations being secured
6. Perfection Requirements: Steps required to perfect the security interest under Danish law, including registration requirements
7. Representations and Warranties: Fundamental representations regarding ownership, authority, and asset status
8. Security Provider Covenants: Ongoing obligations of the security provider regarding the secured assets
9. Enforcement: Rights and procedures for enforcement in accordance with Danish law
10. Power of Attorney: Authority granted to the security taker to perfect and enforce the security
11. Costs and Expenses: Allocation of costs related to creation, perfection, and enforcement
12. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction
1. Further Assurance: Additional obligations to perfect or protect the security interest, used in complex transactions
2. Release and Discharge: Conditions and process for releasing the security, included when specific release mechanisms are needed
3. Assignment and Transfer: Rights to transfer the security interest, included when transferability is contemplated
4. Notices: Communication procedures, included in more formal or complex arrangements
5. Amendments and Waivers: Procedures for modifications, included in more formal arrangements
6. Severability: Provisions for partial invalidity, included in more complex arrangements
7. Multiple Currencies: Provisions for dealing with multiple currencies, included when relevant
8. Parallel Debt: Used when the security is held by a security agent in syndicated arrangements
1. Schedule 1 - Secured Assets: Detailed description and/or list of assets subject to the security interest
2. Schedule 2 - Forms of Notice: Template notices required for perfection (e.g., notices to account banks)
3. Schedule 3 - Secured Obligations: Detailed description of secured obligations if complex
4. Schedule 4 - Security Provider Details: Corporate and asset registration details of the security provider
5. Schedule 5 - Registration Forms: Forms required for Danish property rights registration
6. Appendix 1 - Asset Documents: Copies of relevant title documents or asset documentation
7. Appendix 2 - Corporate Authorizations: Relevant corporate approvals and powers of attorney
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