Security Interest Agreement Template for Ireland

1. Negative Pledge: Prohibition on creating other security interests over the collateral - include for exclusive security arrangements

2. Insurance: Requirements for insurance of physical collateral - include when security includes tangible assets

3. Bank Accounts: Specific provisions for charged accounts - include when security includes bank accounts

4. Intellectual Property: Specific provisions for IP rights - include when security includes intellectual property

5. Release and Discharge: Conditions for release of security - include for complex arrangements or where specifically requested

6. Priority Arrangements: Provisions regarding ranking of security - include where multiple security interests exist

7. Currency Provisions: Include where secured obligations are in multiple currencies

8. Tax Gross-up: Include where payments under the security might be subject to withholding tax

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

2. Schedule 2 - Secured Obligations: Detailed description of the secured obligations, including reference to facility agreements

3. Schedule 3 - Form of Notice: Standard form notices to third parties (e.g., account bank notices, insurance notices)

4. Schedule 4 - Properties: Details of any real property subject to the security (if applicable)

5. Schedule 5 - Intellectual Property: List of specific IP rights subject to the security (if applicable)

6. Schedule 6 - Bank Accounts: Details of specific bank accounts subject to the security (if applicable)

7. Appendix 1 - Forms of Security Filings: Forms required for registration with relevant authorities (Companies Registration Office, etc.)

8. Appendix 2 - Conditions Precedent: List of documents and conditions required before security becomes effective