The General Security Agreement is a fundamental document in Danish secured lending transactions, used when a party (the security provider) grants security interests over assets to secure obligations owed to another party (the secured party). This agreement is essential in various commercial contexts, from simple bilateral lending arrangements to complex multi-party financing transactions. The document must comply with Danish law requirements, particularly the Danish Securities Trading Act and Registration of Property Act, regarding the creation, perfection, and enforcement of security interests. It includes detailed provisions on the scope of security, perfection requirements, representations and warranties, covenants, and enforcement mechanisms. The agreement is typically used alongside other financing documents and may be adapted to cover various types of collateral, from tangible assets to financial instruments and receivables.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
General Security Agreement
1. Parties: Identification of the secured party (security taker) and the grantor (security provider)
2. Background: Context of the security arrangement, including reference to any underlying obligations or facility agreements
3. Definitions and Interpretation: Definitions of key terms and interpretation rules used throughout the agreement
4. Grant of Security Interest: Core provision creating the security interest over the collateral
5. Collateral Description: Detailed description of the assets subject to the security interest
6. Secured Obligations: Definition and scope of the obligations being secured
7. Representations and Warranties: Grantor's confirmations regarding ownership, authority, and status of collateral
8. Perfection and Registration: Requirements and procedures for perfecting the security interest
9. Grantor's Covenants: Ongoing obligations of the grantor regarding the collateral
10. Enforcement: Rights and remedies of the secured party upon default
11. Power of Attorney: Appointment of secured party as attorney for specific purposes
12. Notices: Communication requirements and contact details
13. Assignment and Transfer: Rules regarding transfer of rights under the agreement
14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
1. Further Assurance: Additional actions parties must take to perfect or maintain security - include when complex collateral is involved
2. Insurance: Insurance requirements for collateral - include when physical assets are part of security
3. Bank Accounts: Specific provisions for charged accounts - include when bank accounts form part of security
4. Intellectual Property: Specific provisions for IP rights - include when IP forms part of security
5. Release of Security: Conditions and process for releasing security - include when partial releases may be needed
6. Currency Conversion: Rules for currency conversion - include when multiple currencies are involved
7. Costs and Expenses: Allocation of costs - include when significant ongoing costs expected
8. Amendments and Waivers: Process for modifications - include when frequent updates expected
1. Schedule of Collateral: Detailed listing and description of all assets subject to security
2. Perfection Requirements: Specific actions required to perfect security interest in different types of collateral
3. Form of Notice: Template notices to third parties regarding the security interest
4. Secured Party Details: Complete contact and payment details for the secured party
5. Registration Requirements: Specific requirements for registering security interests in different jurisdictions
6. Forms of Accession: Templates for additional parties joining the security arrangement
7. Existing Security Interests: List of permitted existing security interests over the collateral
Authors
Relevant legal definitions
Account Bank
Additional Security Provider
Affiliate
Authorisation
Business Day
Charged Assets
Collateral
Default
Default Notice
Delegate
Disposal
Enforcement Event
Enforcement Notice
Event of Default
Facility Agreement
Finance Documents
Financial Collateral
Financial Indebtedness
Governmental Authority
Insolvency Event
Insolvency Proceedings
Legal Reservation
Lien
Material Adverse Effect
Obligations
Perfection Requirements
Permitted Security
Power of Attorney
Receiver
Registration Requirements
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Agent
Security Assets
Security Document
Security Interest
Security Period
Security Provider
Security Trust Deed
Security Trustee
Subsidiary
Tax
Transaction Documents
Transfer
Voting Rights
Working Hours
Additional Security Provider
Affiliate
Authorisation
Business Day
Charged Assets
Collateral
Default
Default Notice
Delegate
Disposal
Enforcement Event
Enforcement Notice
Event of Default
Facility Agreement
Finance Documents
Financial Collateral
Financial Indebtedness
Governmental Authority
Insolvency Event
Insolvency Proceedings
Legal Reservation
Lien
Material Adverse Effect
Obligations
Perfection Requirements
Permitted Security
Power of Attorney
Receiver
Registration Requirements
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Agent
Security Assets
Security Document
Security Interest
Security Period
Security Provider
Security Trust Deed
Security Trustee
Subsidiary
Tax
Transaction Documents
Transfer
Voting Rights
Working Hours
Clauses
Definitions
Interpretation
Grant of Security
Secured Obligations
Continuing Security
Representations and Warranties
Covenants
Perfection of Security
Registration Requirements
Further Assurance
Negative Pledge
Enforcement
Power of Attorney
Application of Proceeds
Release of Security
Set-off Rights
Assignment and Transfer
Delegation
Information Rights
Costs and Expenses
Indemnification
Amendments and Waivers
Severability
Counterparts
Notices
Confidentiality
Force Majeure
Entire Agreement
Third Party Rights
Governing Law
Jurisdiction
Interpretation
Grant of Security
Secured Obligations
Continuing Security
Representations and Warranties
Covenants
Perfection of Security
Registration Requirements
Further Assurance
Negative Pledge
Enforcement
Power of Attorney
Application of Proceeds
Release of Security
Set-off Rights
Assignment and Transfer
Delegation
Information Rights
Costs and Expenses
Indemnification
Amendments and Waivers
Severability
Counterparts
Notices
Confidentiality
Force Majeure
Entire Agreement
Third Party Rights
Governing Law
Jurisdiction
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Security Interest Contract
A Danish law-governed agreement creating a security interest over specified assets, detailing the collateral, secured obligations, and enforcement rights under Danish law.
find out more
Security Deposit Agreement
A Danish law-governed agreement establishing terms for managing and returning a security deposit, ensuring compliance with local deposit protection regulations.
find out more
Pledge Agreement
A Danish law security document creating a pledge over specified assets, detailing terms and enforcement rights in accordance with Danish legal requirements.
find out more
Security Interest Agreement
A Danish law-governed agreement establishing security interests over assets, detailing creation, perfection, and enforcement rights in compliance with Danish property law.
find out more
Collateral Account Control Agreement
A Danish law agreement establishing control over bank accounts as collateral, between an account bank, account holder, and secured party.
find out more
Shareholder Agreement Transfer Of Shares
A Danish law-governed agreement documenting the transfer of company shares between shareholders, outlining terms, conditions, and regulatory compliance requirements.
find out more
Title Transfer Collateral Agreement
Danish law-governed agreement for transferring ownership of financial collateral between parties, compliant with Danish and EU financial regulations.
find out more
Commercial Security Agreement
A Danish law-governed agreement establishing security interests over commercial assets to secure business obligations.
find out more
Stock Lending Agreement
Danish law-governed Stock Lending Agreement establishing the framework for securities lending transactions between institutional parties, compliant with Danish and EU regulations.
find out more
Convertible Note Agreement
A Danish law-governed agreement documenting terms of a debt investment that can convert to equity shares, combining debt financing with future equity participation rights.
find out more
Security Loan Agreement
A Danish law-governed agreement establishing terms for temporary transfer of securities against collateral, incorporating local financial regulations and EU directives.
find out more
Master Repurchase Agreement
Danish law-governed framework agreement for repurchase transactions between financial institutions, establishing terms for securities sale and repurchase arrangements.
find out more
Intercreditor Agreement
A Danish law-governed agreement establishing priorities and relationships between different classes of creditors in a financing transaction, including debt ranking, payment priorities, and enforcement rights.
find out more
Intellectual Property Security Agreement
A Danish law agreement creating security interests over intellectual property assets as collateral for financial obligations.
find out more
Pledge Of Shares Agreement
A Danish law security document creating a pledge over shares as collateral, setting out terms for share security, voting rights, and enforcement.
find out more
Overnight Reverse Repurchase Agreement
Danish law-governed agreement for overnight reverse repurchase transactions, establishing terms for securities purchase and repurchase between financial counterparties.
find out more
Loan Collateral Agreement
A Danish law agreement establishing security interests over assets to secure loan obligations, compliant with Danish secured transactions law and registration requirements.
find out more
Account Pledge Agreement
A Danish law security document creating a pledge over bank accounts and their contents in favor of a lender or security agent.
find out more
Reverse Repurchase Agreement
Danish law-governed agreement for securities purchase with repurchase commitment, structured under Danish financial regulations and market practices.
find out more
Negative Pledge Agreement
A Danish law-governed agreement preventing a borrower from creating security interests over its assets in favor of other creditors, protecting the lender's position without taking actual security.
find out more
Security Lending Agreement
Danish law-governed agreement establishing terms for securities lending transactions, including collateral requirements and regulatory compliance.
find out more
Cash Collateral Agreement
Danish law-governed agreement establishing terms for cash collateral arrangements in financial transactions, compliant with Danish financial regulations and EU directives.
find out more
Deposit Control Agreement
A Danish law-governed agreement establishing control mechanisms for deposits held by a bank on behalf of a depositor and beneficiary.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.