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The Third Party Pledge Agreement is a crucial security document used in Belgian financing transactions where collateral is provided by someone other than the primary borrower. This arrangement is common in group financing structures, family businesses, or when additional security is required to support a loan or other obligations. The document must comply with the Belgian Pledge Act of 2013, which modernized the security interest regime in Belgium, and requires registration in the National Pledge Register for effectiveness against third parties. The agreement details the pledged assets (which can include movable assets, receivables, or financial instruments), the secured obligations, enforcement rights, and the complex three-way relationship between the security provider, the beneficiary, and the principal debtor. It's particularly relevant in corporate finance, project finance, and structured lending transactions where third-party security is a key element of the security package.

1. Parties: Identification of the Pledgor (third party), Pledgee(s), and the Principal Debtor whose obligations are being secured

2. Background: Context of the pledge, reference to the principal debt/obligation, and the relationship between the Pledgor and Principal Debtor

3. Definitions: Definitions of key terms used throughout the agreement, including Pledged Assets, Secured Obligations, and Enforcement Event

4. Creation of Pledge: Express creation and granting of the pledge rights over the specified assets

5. Scope of Secured Obligations: Detailed description of the obligations being secured by the pledge

6. Pledged Assets: Description of the assets subject to the pledge and representations regarding ownership and authority to pledge

7. Perfection Requirements: Requirements for registering the pledge in the National Pledge Register and other perfection steps

8. Representations and Warranties: Pledgor's representations regarding authority, ownership, and absence of other encumbrances

9. Covenants: Ongoing obligations of the Pledgor regarding maintenance and preservation of the Pledged Assets

10. Enforcement: Circumstances and procedures for enforcing the pledge, including sale or appropriation rights

11. Power of Attorney: Grant of authority to the Pledgee to perfect, preserve or enforce the pledge

12. Miscellaneous: Standard provisions including notices, amendments, governing law, and jurisdiction