Account Pledge Agreement Template for Denmark

1. Account Bank Acknowledgment: Required when the Account Bank is not a direct party but needs to acknowledge the pledge

2. Currency Provisions: Required for accounts held in multiple currencies

3. Parallel Debt: Used when the pledge secures obligations to multiple creditors or in syndicated facilities

4. Further Assurance: Additional provisions for future actions to maintain pledge effectiveness

5. Costs and Expenses: Allocation of costs related to the pledge arrangement

6. Amendments: Procedures for modifying the agreement

7. Severability: Provisions for handling invalid or unenforceable terms

8. Counterparts: Required if execution in counterparts is permitted

1. Schedule 1 - Pledged Accounts: Detailed list of pledged accounts with account numbers and account bank details

2. Schedule 2 - Form of Notice to Account Bank: Template notice to be sent to the account bank regarding the pledge

3. Schedule 3 - Form of Acknowledgment: Template acknowledgment to be signed by the account bank

4. Schedule 4 - Permitted Withdrawals: Specific rules and conditions for permitted account withdrawals

5. Schedule 5 - Security Power of Attorney: Detailed power of attorney provisions if required to be in separate form

6. Appendix 1 - Copy of Corporate Authorizations: Relevant corporate approvals for entering into the pledge

7. Appendix 2 - Specimen Signatures: Signature specimens of authorized signatories