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1. Parties: Identifies the secured party (creditor) and the debtor, including their full legal names, addresses, and registration details
2. Background: Outlines the context of the purchase transaction and the intention to create a security interest
3. Definitions: Defines key terms used throughout the agreement, including 'Collateral', 'Secured Obligations', 'Event of Default', etc.
4. Grant of Security Interest: Core section establishing the security interest over the purchased assets
5. Description of Collateral: Detailed description of the assets subject to the security interest
6. Secured Obligations: Specifies the obligations secured by the agreement, including purchase price, interest, and other amounts
7. Representations and Warranties: Statements by the debtor regarding ownership, authority, and status of the collateral
8. Covenants: Ongoing obligations of the debtor regarding maintenance, insurance, and use of the collateral
9. Events of Default: Lists circumstances constituting default under the agreement
10. Enforcement Rights: Details the creditor's rights and remedies upon default
11. Registration and Perfection: Requirements for registering and perfecting the security interest
12. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction
13. Notices: Communication requirements and contact details for official notices
14. Execution: Signature blocks and execution formalities
1. Priority Arrangements: Required when there are multiple security interests or lenders involved, establishing priority rights
2. Insurance Requirements: Detailed insurance obligations when the collateral requires specific insurance coverage
3. Third Party Rights: Needed when third parties have interests in the collateral or agreement
4. Cross-Default Provisions: Include when the security agreement is part of a larger financing arrangement
5. Power of Attorney: Optional provision granting the secured party power to perfect or enforce the security interest
6. Further Assurance: Additional provisions for cooperation in perfecting or maintaining the security interest
7. Assignment and Transfer: Include if either party may need to assign their rights under the agreement
1. Schedule 1 - Asset Schedule: Detailed list and description of all assets subject to the security interest
2. Schedule 2 - Purchase Terms: Details of the purchase transaction, including price, payment terms, and delivery
3. Schedule 3 - Form of Notice: Template for any required notices to third parties regarding the security interest
4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage levels
5. Schedule 5 - Registration Requirements: Details of required registrations and filings in various jurisdictions
6. Appendix A - Related Agreements: List and copies of related agreements referenced in the main agreement
7. Appendix B - Corporate Authorizations: Copies of corporate resolutions and authorizations for entering into the agreement
Additional Secured Parties
Affiliate
Applicable Law
Assets
Authorisation
Business Day
Charge
Collateral
Conditions Precedent
Default Interest
Default Notice
Disposal
Encumbrance
Enforcement Event
Event of Default
Financial Indebtedness
Financial Statements
Insolvency Event
Insurance Policies
Legal Proceedings
Lien
Material Adverse Effect
Payment Date
Permitted Security Interest
Purchase Price
Receiver
Related Rights
Secured Assets
Secured Obligations
Security
Security Documents
Security Interest
Security Period
Specified Assets
Transaction Documents
Warranties
Grant of Security
Security Interest Creation
Secured Obligations
Representations and Warranties
Covenants
Negative Pledge
Further Assurance
Events of Default
Enforcement Rights
Power of Attorney
Payment Terms
Title and Ownership
Registration and Perfection
Insurance
Maintenance of Collateral
Default Interest
Assignment and Transfer
Amendments and Waivers
Notices
Costs and Expenses
Indemnification
Severability
Governing Law
Jurisdiction
Dispute Resolution
Confidentiality
Force Majeure
Entire Agreement
Counterparts
Manufacturing
Industrial Equipment
Automotive
Real Estate
Information Technology
Healthcare
Agriculture
Construction
Energy
Telecommunications
Transportation
Retail
Heavy Machinery
Infrastructure
Mining
Legal
Finance
Procurement
Risk Management
Compliance
Treasury
Commercial Operations
Credit Control
Corporate Secretarial
Asset Management
Business Development
Legal Counsel
Chief Financial Officer
Finance Director
Commercial Director
Risk Manager
Compliance Officer
Treasury Manager
Procurement Manager
Contract Manager
Security Trustee
Asset Manager
Credit Manager
Operations Director
Company Secretary
Business Development Manager
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