The Account Pledge Agreement is a crucial security document used in financing transactions under Danish law where a lender requires security over the borrower's bank accounts. This agreement is commonly used in both bilateral and syndicated lending arrangements, project financings, and general corporate financing transactions. It establishes the security interest over specified bank accounts, including all rights to the balances, interest, and proceeds thereof. The document must comply with Danish financial collateral laws and security interest regulations, particularly the Danish Capital Markets Act and Financial Business Act. The agreement typically forms part of a broader security package and may be required by lenders as a condition precedent to funding. It includes detailed provisions on account operations, enforcement mechanisms, and requirements for perfection of the security interest under Danish law.
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聽of your information
Key Requirements PROMPT example:
Account Pledge Agreement
I need a Danish law Account Pledge Agreement for a bilateral loan facility closing on March 15, 2025, where a manufacturing company is pledging its main operating accounts to a single lender, with the account bank not being a party to the agreement but providing acknowledgment.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification of the Pledgor, Pledgee, and Account Bank (if party to the agreement)
2. Background: Context of the pledge agreement, including reference to any underlying facility or main agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Creation of Pledge: Express creation of the security interest over the pledged accounts
5. Scope of Pledge: Description of the pledged accounts and all rights attached thereto
6. Secured Obligations: Definition and scope of the obligations secured by the pledge
7. Perfection Requirements: Steps required to perfect the pledge under Danish law
8. Representations and Warranties: Pledgor's representations regarding authority, ownership, and absence of encumbrances
9. Covenants: Ongoing obligations of the Pledgor regarding the pledged accounts
10. Operation of Accounts: Rules for operating the pledged accounts, including permitted withdrawals
11. Enforcement: Rights and procedures for enforcement upon default
12. Power of Attorney: Authority granted to the Pledgee to perfect and enforce the pledge
13. Notices: Communication requirements and contact details
14. Assignment and Transfer: Rules regarding transfer of rights under the agreement
15. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction
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
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Corporate Lending
Investment Banking
Asset Management
Private Equity
Infrastructure
Real Estate
Manufacturing
Energy
Telecommunications
Healthcare
Retail
Relevant Teams
Legal
Finance
Treasury
Credit
Risk
Compliance
Corporate Banking
Transaction Banking
Securities Services
Deal Advisory
Commercial Banking
Relevant Roles
Legal Counsel
Finance Director
Treasury Manager
Chief Financial Officer
Corporate Finance Manager
Relationship Manager
Credit Officer
Security Trustee
Facility Agent
Compliance Officer
Risk Manager
Transaction Manager
Senior Banker
Account Manager
Legal Director
Banking Partner
Finance Associate
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
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.