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1. Parties: Identification of the collateral provider (Sicherungsgeber) and collateral taker (Sicherungsnehmer), including full legal names and addresses
2. Background: Context of the security arrangement, reference to the underlying obligation(s) being secured
3. Definitions: Definitions of key terms used throughout the agreement, including specific German legal terminology
4. Subject Matter of Security: Detailed description of the collateral being provided and the method of security (pledge, transfer of title, etc.)
5. Secured Obligations: Definition and scope of the obligations being secured by the collateral
6. Creation of Security Interest: Specific provisions regarding the creation and perfection of the security interest
7. Representations and Warranties: Statements regarding ownership, authority to grant security, and status of collateral
8. Rights and Obligations: Ongoing obligations regarding maintenance, insurance, and use of collateral
9. Enforcement: Procedures and rights for enforcing the security interest upon default
10. Costs and Expenses: Allocation of costs related to the creation, maintenance, and enforcement of the security
11. Notices: Communication requirements and contact details
12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
1. Further Assurance: Additional actions required to perfect or maintain the security interest, used when complex collateral is involved
2. Release and Discharge: Conditions and process for releasing the security interest, important for temporary security arrangements
3. Assignment and Transfer: Rights to transfer the security interest or secured obligations, relevant for transferable securities
4. Multiple Parties: Special provisions for multiple collateral providers or takers, used in syndicated arrangements
5. Priority Arrangements: Provisions regarding ranking of security interests, needed when multiple security interests exist
6. Information Rights: Additional reporting or inspection rights, important for valuable or changing collateral
7. Insurance: Specific insurance requirements and arrangements, necessary for valuable physical collateral
1. Schedule 1 - Collateral Description: Detailed technical or legal description of the collateral assets
2. Schedule 2 - Secured Obligations: Detailed description of the secured obligations, including specific agreements or facilities
3. Schedule 3 - Form of Notice: Template notices for perfection requirements or third-party notifications
4. Schedule 4 - Existing Security Interests: List of any existing security interests affecting the collateral
5. Schedule 5 - Required Filings: List of necessary registrations or filings for perfection
6. Appendix A - Power of Attorney: Form of power of attorney for enforcement or perfection actions
7. Appendix B - Compliance Documents: Forms or certificates required for ongoing compliance
Banking
Financial Services
Real Estate
Manufacturing
Automotive
Energy
Infrastructure
Trade and Commerce
Technology
Construction
Agriculture
Shipping and Maritime
Legal
Finance
Risk Management
Treasury
Compliance
Credit Administration
Corporate Banking
Operations
Security Administration
Portfolio Management
Transaction Management
Legal Counsel
Finance Director
Credit Risk Manager
Collateral Manager
Treasury Manager
Loan Officer
Security Trustee Officer
Compliance Officer
Corporate Lawyer
Banking Relationship Manager
Credit Analyst
Transaction Manager
Security Administrator
Portfolio Manager
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