Third Party Security Agreement Template for Belgium

1. Multiple Creditors: Required when there are multiple secured parties, defining ranking and relationship between them

2. Currency Provisions: Needed for cross-border transactions involving multiple currencies

3. Tax Gross-up: Include when tax implications need to be addressed explicitly

4. Further Assurance: Additional provisions for cooperation in perfecting security

5. Release Provisions: Detailed provisions on when and how security will be released

6. Costs and Expenses: Allocation of costs related to security creation and maintenance

7. Assignment and Transfer: Include if security or secured obligations may be transferred

8. Parallel Debt: Required in syndicated facilities or when using a security agent structure

1. Schedule 1 - Secured Assets: Detailed description and/or list of assets subject to security

2. Schedule 2 - Principal Debt Documents: List and details of underlying debt obligations being secured

3. Schedule 3 - Forms of Notice: Standard forms for notices to be given under the agreement

4. Schedule 4 - Security Provider Information: Detailed information about the Security Provider including corporate details

5. Schedule 5 - Perfection Requirements: List of actions required to perfect the security interest

6. Appendix A - Registration Forms: Forms required for registering the security interest with relevant Belgian authorities

7. Appendix B - Conditions Precedent: List of documents and conditions required before security becomes effective