Master Security Agreement Template for Germany

1. Further Assurance: Additional actions required for effectiveness, used when specific formalities might be needed in the future

2. Power of Attorney: Authorization for security taker to act on behalf of security provider, included when enforcement might require specific actions

3. Insurance: Requirements for insurance of collateral, included when physical assets are involved

4. Release and Discharge: Conditions for releasing security interests, included in complex arrangements

5. Currency Provisions: Rules for handling multiple currencies, included in cross-border transactions

6. Tax Provisions: Allocation of tax obligations, included when significant tax implications exist

7. Assignment and Transfer: Rules for transferring security interests, included when transferability is anticipated

8. Parallel Debt: Creation of parallel obligations, included in syndicated arrangements

1. Schedule of Secured Assets: Detailed description of all assets subject to security interest

2. Form of Notice: Standard forms for various notices required under the agreement

3. Perfection Requirements: Detailed list of actions required for perfection under German law

4. Registration Requirements: Specific requirements for registering security interests

5. Form of Power of Attorney: Standard form of power of attorney if required

6. Existing Security Interests: List of permitted existing security interests on the collateral

7. Bank Account Details: Details of relevant bank accounts for payments and proceeds

8. Contact Details: Contact information for all relevant parties and representatives